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Bitcoin Hits $118K All Time High | Next Stop $1M | Bitcoin Simply · Simply Bitcoin

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  To all the Bitcoin haters out there, there's actually a sound
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  more annoying than this, and that's the sound of Bitcoiners
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  letting you know about all of their WS and all of the times
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  that they told you to invest before every other all time
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  high. Bitcoin just hit all time highs
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  again and at 118 five it surpassed Amazon as the 5th
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  largest asset in the world. Bitcoiners are walking down the
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  street like the Pakuja lore kid. And with Donald Trump calling
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  for interest rates to be 3 points lower, we could just be
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  getting started. I think he's doing a terrible
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  job. I think we should be, no, I
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  think we should be 3 points lower interest rate.
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  He's costing our country a lot of money.
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  We should be #1 and we're not. And that's because it's your own
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  power. Bitcoin is coiled with no end
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  insight as $1.5 billion worth of shorts are set to be liquidated
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  AT120K. But let me give you the secret,
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  this all time high really doesn't matter.
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  We're going to see much higher prices.
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  Whether it's 220K like Max Kaiser predicted 2 years ago
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  that we would see in 2025, or the $1,000,000 predictions that
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  2 analysts with a lot of credibility just gave.
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  Bitcoin is demonetizing other assets and particularly a
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  falling. That's the big story and that's
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  what we'll cover today. This is Dante Coke with Bitcoin.
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  Simply let's go. Max Keiser said in a 2022
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  interview with Danielle Comboni on the Stinsbury Research
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  YouTube channel that we were going to see 220K Bitcoin in
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  2025 and he nailed it. Again, everybody thought he was
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  crazy, and those same people are going to think people like Dan
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  Tapiero, a $1.5 billion hedge fund manager, are also crazy for
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  saying bitcoins going to hit $1 million by 2030.
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  In the future, over the next 10 years, if you're not an
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  endowment, if you're an endowment and, or a pension and
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  you don't have exposure, I think your performance is going to be,
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  I mean, obviously relatively problematic.
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  But I maybe you, you know, have your job, your job is
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  threatened. You know, I, I think it's been
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  the best performing asset in the history of the world and I think
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  over the next 10 years now, you know, with the new 50T fund we
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  have coming out, our view is that Bitcoin goes 10X from here
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  in 10 years I will hit a. Million Matt Hogan CIO from
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  Bitwise says a similar thing, $1 million Bitcoin, the medium of.
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  Exchange Matt a currency. Look, I think we'll get there on
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  an international basis long term, but we don't have to get
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  there for Bitcoin to be extremely valuable.
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  Bitcoin could be worth more than million, $1,000,000 per coin
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  even just to get to par with gold.
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  And when's the last time you bought a cup of coffee with
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  gold? Look, I do think Bitcoin has
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  medium exchange characteristics. I think we'll get there in the
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  20 thirties, but bitcoins going to have to be priced $1,000,000
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  above before that's even really in play.
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  You get all that as extra upside on top of the store of value
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  investment. It's like a free option that you
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  get for a core investment with, in my view, a high probability
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  of success and significant sort of 10X style upside.
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  I think that's what you get with Bitcoin.
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  And Matt just but Bitcoiners who've been around a long time
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  aren't excited by numbers and predictions like this because we
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  understand the true long term story, the true long term value
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  play in the short term, Bitcoin is absolutely benefiting from
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  liquidity hitting the system. You can typically see it in ETF
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  flows, which has had their second highest day of inflows in
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  the history of ETF's. I bet blew through the $80
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  billion mark, being the first ETF to reach that mark.
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  That's 5X faster than VOO or the S&P 500, which got there in 1814
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  days. At 83 billion, it's the 21st
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  largest ETF out there in the world, and it's not even 2 years
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  old. Bitcoin is out competing VOO in
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  the S&P 500 as the store of value, and this is the beginning
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  trend, but one that's here to stay.
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  Bitcoin is up 55% since its April 2025 lows, while the
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  dollar is off 11% to its worst start in its history.
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  In Bitcoin terms, the S&P 500 is down almost 20 percent this
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  year. Since 2012, the S&P 500 is down
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  99.98% against Bitcoin. Dollars are becoming worth less
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  against Satoshi's. And because of a bitcoiner doing
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  some research and reading up on history, we just found out that
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  this is the culmination of something that's been talked
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  about for over 100 years. Frederick Saadi wrote about this
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  100 years ago in 1926, saying that money and debt are just
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  virtual money. Money that's just tethered to
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  accounting rules, but don't actually have any real value
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  other than subjective value that we give it.
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  In order to have a true money, a real money, real wealth, it has
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  to be tethered to real energy. And that's exactly what happened
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  on January 3rd, 2009. Listen to what Michael Saylor
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  has to say about this very thing.
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  We're at this inflection point, moving from economics as art,
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  you know, colored by superstition and religion and
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  ideology. And we're crossing this boundary
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  where economics becomes science and it's informed by mathematics
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  and engineering, right, and the scientific method.
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  But you know, you have to date that in my opinion to January
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  3rd, 2009 when Satoshi unleashes Bitcoin and, and there's a
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  singularity and all the sudden there's actually engineering,
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  physics and mathematical principles that are starting to
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  spread in a viral fashion through the economy.
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  And it was like a nothing and then it's $1,000,000 fire and
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  then a billion dollar network and then a ten billion, then 100
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  billion. Now it's a it's a trillion
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  dollar network. But still a trillion dollars is
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  .1% of the economy. So .1% of the economy has clean
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  money and 99.9% of the of the economy runs on dirty toxic
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  assets that are defective that are operated by people that
• 6:27
  don't know they're trading defective assets.
• 6:30
  Because how would you know if you'd never if you'd never seen
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  when you? Understand that you hold real
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  wealth. You don't want to just let it go
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  for virtual wealth and virtual money.
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  wealth is because it's tied and tethered to a network that you
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  can actually verify for yourself.
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  But you can only actually verify your Bitcoin when it's not an
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• 7:45
  So I simply Bitcoin. If you're not invested in the
• 7:47
  Bitcoin, that's OK. But on days like these, don't be
• 7:50
  a hater. Give people their flowers.
• 7:52
  Give credit where credit is due. Credit to people like Joe Kernan
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  and Tom Lee who are investing into Bitcoin when Bitcoin was
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  just a few $1000 per coin. Give credit to people who stuck
• 8:02
  their neck out there and put their money where they wanted it
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  to be, not where their mouth is, but with their actions.
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  And that's converting worthless Fiat dollars into Bitcoin.
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  Because being non consensus and being early requires guts.
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  Who? Everyone talks about it is our
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  guy that we usually talk about for the S&P and stocks is Tom
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  Lee. That's Lee.
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  Yeah. Because he's been a bull for a
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  long. But the way he is a bull, he's
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  on here and it'll be the you know, Bitcoin will be at 70 and
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  he'll just and I go well, what do you think?
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  And he goes, well, I'm expecting 1:20 to 1:50, right?
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  And you? Think he's nuts and.
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  You think he's absolutely correct.
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  That's the way he was when it first went up to 20 years ago
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  and it and it dropped all the way to 3000 or something.
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  And he said, oh, I think we'll be back to 20 by the end of the
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  year. And I once at one point before I
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  got turned, before I got born killed.
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  I got one killed pretty early like 4 foot.
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  It was at 8000 went down to 4. But one of my purchases was at
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  4000. So wow, yes, so I did.
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  I had some at 4000. You take.
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  Profits. I I'd sold a lot of 55.
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  I still have pretty much I still have them fine.
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  I'm good and I, I love what you know, you can, it's, it's tough
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  to enter now you can buy fractional shares, but.
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  If you're a long term belief, you know.
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  If you're still a hodler, they've been, they've been
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  buying all along. But but I remember when he said
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  it, then I, I asked, I said, you're so good at it's why?
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  Why do you delve in this? You It's so much easier for
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  stocks and you're so good at calling short term trends on the
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  S&P. You know, why risk your
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  reputation on this? What at that point was such you?
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  Probably didn't view it as a risk.
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  Just so sure. Of his forecast crypto related
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  stocks by the way also and. If you feel like you're late to
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  the game, like Joe mentions here because you didn't invest it at
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  4K or 55K or 75K or 90K, that's all right.
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  That's a completely rational way to feel.
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  But we've got a long way to go. OG's like Jack Dorsey don't even
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  look at the price of Bitcoin because when you look at it over
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  the long term, there's way more demand than there is supply and
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  more and more people are going to be using Bitcoin to protect
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  their wealth. Bitcoin is growing faster than
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  any other technology in history, and something going from nothing
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  to a $2 trillion asset in the matter of 16 years with no
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  government, no VC funding, no backing, no sponsors, just pure
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  people putting their money and their energy behind a network
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  that is not tethered to a central bank is truly
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  astonishing. Don't overcomplicate the
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  investment. Here's the long term thesis in a
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  great clip from Safety. Thought this is insane, but here
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  we are. It's going up.
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  And I think, you know, it's still early days in the sense of
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  just numbers because I think it's, you know, it's not it's,
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  it's not a matter of consumer adoption.
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  It's not a matter of how many people download the iPhone, how
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  many people download a Bitcoin app.
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  For me, it's about the size of the cash balances more than the
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  number of people. And so you can look at the size
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  of cash balances that are in dollars there are or dollars or
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  dollar based currencies, which are all other Fiat currencies in
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  the world. You've got around $100 trillion
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  in Fiat currencies. You have another $100 trillion
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  in bonds and you have something like another 30, twenty $30
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  trillion in gold and some other assets, maybe real estate and
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  stocks, some of that you could think of as being a cash
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  substitute which Bitcoin is competing with.
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  So I would say the total market for a monetary asset is about
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  $300 trillion. Bitcoins already at 2 trillion,
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  which is I mean impressive because in 15 years going from
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  zero to 2 trillion is the fastest that we've ever seen.
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  We've never had an asset anything go grow this fast.
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  So it is quite impressive, but still got a long way to go.
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  And I would say you could, you could say that Bitcoin is the
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  monetary standard of the world when it is the largest of these
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  assets, probably around something in the range of 100
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  trillion or so. So still a while away.
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  But with Bitcoin, you never really know how long it could
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  take. You know, that could be another
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  few months because we've seen these crazy pumps in Bitcoin,
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  but not most likely, it's not going to be a few months.
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  Most likely it's going to be several years.
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  And that's fine. I think it's, it's, it's a
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  process that needs time. People need to accumulate cash
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  balances. People need to become more
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  familiar with how to use Bitcoin.
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  And I think over time, it's just inevitable because the people
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  who accumulate Bitcoin will witness the value of their cash
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  balances increase, whereas the people who don't accumulate
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  Bitcoin will witness their cash balances decrease in value.
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  But James. Lavish eloquently said this
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  morning. Once again, for those in the
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  back, the goal is to identify an investment that has a tremendous
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  risk reward profile, then size that investment in your
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  portfolio accordingly and exercise strict discipline
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  around your true convention. Simple and have a great night.
• 12:42
  That's what we try to do every single day here on the Simply
• 12:45
  Bitcoin channel. We're trying to help you
• 12:47
  calibrate your investment and your investment strategy around
• 12:50
  the best performing asset in the world.
• 12:52
  Stay disciplined, stay focused, and you can do that by liking,
• 12:55
  sharing, subscribing to these videos if you already have it.
• 12:58
  One of the ways you can continue to stay disciplined and your
• 13:01
  focus on Bitcoin and Bitcoin only, not other crypto tokens,
• 13:04
  is by understanding how the total network works.
• 13:07
  And that includes Bitcoin mining, which hash rate is
• 13:09
  dropping and prices increasing. It's a good time to be in
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  Bitcoin. Glad to be with you guys on days
• 13:28
  like today where we have all time highs, but remember,
• 13:30
  doesn't really matter. Zoom out understand the big
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  picture of where Fiat dollars measured in Bitcoin are going.
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  That's in the millions. I'll see you when we get there,
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  but until then, Jalor, this is Dante Cook with Bitcoin.
• 13:44
  Simply happy stacking.