Latest / Simply Bitcoin / Are Gold & Silver Being Manipulated?! Will Bitcoin Have its "Wallstreet Bets" Moment? | Bitcoin Simply

Transcript

Are Gold & Silver Being Manipulated?! Will Bitcoin Have its "Wallstreet Bets" Moment? | Bitcoin Simply · Simply Bitcoin

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  Gold and silver have been going crazy lately, with gold ripping
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  about $4300.00 an ounce and silver crossing $50.00 an ounce,
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  and people have been trying to understand why, and I think
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  we're starting to see what's actually going on.
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  The suits in London are getting caught naked shorting medals
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  that they don't even own, and India and China are calling
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  their blood. I'm stripping, man.
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  You want me to ask for my bike back?
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  You know I wouldn't trip. What by It's like a heist movie
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  where they show up to the vault and there's nothing in there.
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  The vaults empty, the markets panicking, and Wall Street is
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  finally realizing they've been selling gold to central banks
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  who aren't playing their game anymore.
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  This morning's opening is proof the cronies at JP Morgan
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  understand that they have to keep silver's price suppressed
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  in order from having it running to $60.00 an ounce.
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  This is a global margin call on fake money.
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  Fake money like we see in the Cayman Islands, whose GDP is $7
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  billion, but somehow they have $1.8 trillion in U.S.
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  Treasuries, the largest foreign owner of U.S.
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  Treasuries in the world. Something's not adding up here.
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  My math ain't good, but this ain't adding up.
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  This episode isn't explicitly about Bitcoin, but it is.
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  We've been telling you that the fake financial system is
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  imploding, and right now it's starting to happen.
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  Gold and silver are having their Wall Street Bets moment where
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  central banks are calling the Bluffs.
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  And the question isn't whether Bitcoin will have its Wall
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  Street Bets moment where the Redditors are going to call out
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  the creditors. It's when Bitcoin will have its
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  Wall Street Bets moment. And when it does happen, what
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  will the price be? This is Dante Coco Bitcoin.
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  Simply, let's go. London and Comex have been naked
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  shorting silver and gold for years.
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  They sell you what they don't own and betting that you'll
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  never ask for delivery. Well, central banks have been
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  calling their bluff. Gold and silver exchanges in
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  India and China have been pulling up on London like big
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  worm in Friday. India's biggest silver refinery
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  literally ran out of silver, and that isn't by happenstance.
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  That's been because it's been controlled.
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  There have been reports that India and Chinese exchanges have
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  been working together to swap and add to their gold and silver
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  reserves without letting the rest of the world know.
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  They've been doing this behind the scenes for years and now the
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  BRICS countries control the majority of the world's gold.
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  Where the financialized credit based systems in London and the
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  United States are being caught off guard.
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  Physical demand is outpacing the paper game and you start to see
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  that the financial system that we've been living in is all fake
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  and super financialized. When you look at a market like
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  the Cayman Islands, a $7 billion GDP country has $1.8 trillion in
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  U.S. Treasuries, the largest owner,
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  foreign owner of U.S. Treasuries in the world.
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  And somehow hedge funds account for a $1.4 trillion black hole
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  that the feds somehow didn't recognize.
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  Hedge funds are running the ultimate shell game.
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  They're buying Treasuries, shorting futures,
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  rehypothecating, and that means they're passing this same bond
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  around like a hot potato. And this is how you can have a
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  discrepancy where the official data says $423 billion in the
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  Cayman Islands, but now they have $1.8 trillion.
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  This is leverage stacked like Jenga.
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  And one wrong move sends the entire tower crashing on itself.
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  We've seen the clips from the Big Short. the Fed has no clue
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  how levered the system actually is.
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  And when things start to hit the fan with what's happening in
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  private credit markets and hedge fund markets, you understand
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  that's why hedge funds get bailed out.
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  And This is why the dollar is losing trust globally.
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  Lagarde is hitting at the dollar, losing its reserve
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  currency status. You know the system's bad.
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  You have also said recently that you think investors have begun
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  to question whether the dollar would still warrant its status
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  as the ultimate safe haven currency.
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  I mean, the American dollar is one of the strongest weapons,
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  frankly, that that the administration has to use.
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  Do you think that it is the rise of cryptocurrency that is most
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  threatening to that, or why are you worried?
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  I see signs that the, the, the, the attraction of the dollar is
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  slightly eroded and future will tell whether there is more
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  erosion of that. But when you look at the rise of
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  cryptos #1 when you look at the price of gold, gold is
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  typically, in any situation, the ultimate destination for safe
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  haven. Price of gold has increased by
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  more than 50% since the beginning of the year.
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  That's a clear sign that the trust in the reserve currency
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  that the dollar has been, is and will continue to be is eroding a
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  bit. This is the chart of the year.
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  Central banks now own more gold than U.S.
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  Treasuries. They've always recognized gold
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  as a superior safe haven, but not as a speculative tac asset.
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  This is all happening at the same time that the dollar is
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  losing trust. And as people were beginning to
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  see gold as a store of value, they are also increasingly
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  seeing Bitcoin as a store of value.
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  People like Mohamed El Arane, who used to be one of the
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  largest buy managers in the the world when he ran the desk at
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  PIMCO. Bitcoin, the pyramid I just
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  described for gold of central banks, then of institutional and
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  then of speculators. For Bitcoin, as you heard
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  Anthony say it is still evolving, meaning that the
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  speculation side is is much larger than for gold and then
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  the fundamental side is still smaller.
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  So gold. So Bitcoin is going to be much
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  more volatile. It will not have as yet the
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  characteristics of gold. It needs to develop this
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  fundamental holding, which it is doing, but it is way behind
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  gold. I disagree with him when he
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  talks about how slowly he thinks this is happening for Bitcoin.
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  I'm more in this Scaramucci camp.
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  I believe that it's happening faster than people think.
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  Bitcoin is going to reach gold parity like this.
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  And I don't think you fully have gotten the adoption curve going
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  from the institutions. You think about it now since
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  BlackRock started that ETF. Yeah, there's legions of people
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  out there selling the idea of Bitcoin as an piece of your
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  overall portfolio. Is it a 123 percent piece?
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  It's way more for somebody like me, but I'm just saying that
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  that selling cycle is taking longer.
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  And frankly, older people, if you look at the demographics,
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  older people have money and the older people are like, I'm going
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  to buy gold as a potential hedge as opposed to Bitcoin.
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  But just imagine the 35 or 40 year old 10 years from now, what
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  are they going to be buying? Is the same statement I would
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  have made to you back in 2000 related to tech?
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  You know, the 36 year old that was getting buried in
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  techinthe2000.com bubble, If he stayed in tech, he had the best
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  25 years as an investment class and I think Bitcoin will be
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  looking at Bitcoin 10 years from now.
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  Scratching our heads saying yeah, it did what we thought, at
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  least the bit corners thought. You got the some level of parity
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  relative to gold. It won't get there right away.
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  Still, a lot of people don't like it.
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  I don't know, you know, maybe it is a cockroach.
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  Yeah. Let me tell you something about
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  cockroaches. OK.
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  Cockroaches are going to survive us.
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  Yeah. OK, So in in a weird I think
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  metaphor of a cockroach may answers may be a good.
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  Thing Scary Moochie is positioning himself for the
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  future. What we're seeing right now in
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  gold and silver is the same scam that we've always seen as we
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  move into a digital world. When the digital paper Ponzi is
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  called, everyone is going to Sprint towards a real digital
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  asset, and Bitcoin is the only real asset in cyberspace.
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  We're not going to be hauling metal around the globe if we
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  move forward. You have to understand this.
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  Bitcoin is going to be the backing of the new stable
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  Coinbase system. And Bitcoin doesn't play their
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  game. There is no fake collateral when
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  people call their bluff. You can't print it.
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  You can't counterfeit it. It's energy backed with a fixed
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  supply that's auditable 24/7. So when people start demanding
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  delivery on the truth, they're going to turn to Bitcoin.
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  And this is your alpha, This is your opportunity.
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  The time between what you know is different, between what
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  everyone else will know in the future and when everyone else
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  knows that Bitcoin is the end game to the the end of this Fiat
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  game. Well, the price is going to be
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  $10 million a coin. If people in the rest of the
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  world knew what I know and they understood and they agreed with
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  me, Bitcoin would go to $10 million tomorrow.
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  And if Bitcoin went to $10 million tomorrow, I want you to
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  think about how you would feel and how your viewers would feel
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  because you would lose 20 years of stacking opportunity during
• 8:15
  which you get to buy it less than $10 million.
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  So the difference between $10 million and 100,000, that's what
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  you give up if the volatility goes away and people start to
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  agree with you. When the price of Bitcoin does
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  in fact reach gold parity, one and a half $1,000,000 a Bitcoin
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  or $10 million a coin. Like Michael Seller just said,
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  you're not going to want to sell your Bitcoin.
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  You're going to want to borrow Fiat against that real dollar
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  asset, just like when you have equity in your home.
• 8:41
  Lenin has been the leader in allowing people to unlock value
• 8:43
  in their Bitcoin without selling it.
• 8:44
  If you want a $1000 Fiat loan, you post $2000 in Bitcoin
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  collateral. There's no credit checks.
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  Bitcoin is the credit that they need, and it's not
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  rehypothecated or lended out. It's held in cold storage.
• 8:55
  Fiat gets into your account in less than six hours.
• 8:57
  The loan application takes just two minutes and they start at
• 9:01
  just 12.4%, about half of what a credit card costs.
• 9:04
  Don't sell your Bitcoin go to learn dot letting AO slash
• 9:07
  simply to get started today. One of the ways that you can
• 9:10
  demand that your Bitcoin isn't fake or re hypothecated is you
• 9:12
  pull it off of exchanges and verify it for yourself.
• 9:15
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• 9:17
  Bitcoin and to learn how to do this confidently, safely,
• 9:20
  securely and privately. Well, schedule a free 30 minute
• 9:23
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• 9:28
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• 9:32
  Schedule a free 30 minute consultation with their coach
• 9:34
  and they'll talk to you all about this and help you to learn
• 9:37
  how to protect your sovereign wealth the right way.
• 9:39
  Head to the bitcoinway.com/simply Bitcoin to
• 9:41
  get started. We study the best after they
• 9:43
  become the best, but we don't actually do the things that the
• 9:46
  best or the most rich or the most famous or the best
• 9:49
  entrepreneurs are doing when they're actually doing it.
• 9:52
  We've got people like Michael Saylor, Stanley Druckenmiller,
• 9:54
  Bill Miller, and even Ricardo Salinas, billionaires out there
• 9:58
  who are telling us exactly what their playbook.
• 10:00
  And Ricardo Salinas gives you his portfolio and tells you why
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  he believes that Bitcoin is the future.
• 10:06
  You're well known as a crypto enthusiast most of the time.
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  Except on days like this. What's what's your exposure now
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  on crypto? Are you still all in or a little
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  more cautious? Well, they're all in because
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  they have a lot of companies, right?
• 10:21
  So my source of wealth comes from my companies.
• 10:25
  We make money and then and they're valuable, but in my
• 10:31
  personal portfolio, the one that I manage myself and that I get
• 10:39
  to call in what asset I'm going to allocate to.
• 10:43
  Yeah, I'm, I'm pretty much all in.
• 10:45
  I got about 70% in Bitcoin related exposure and 30% in gold
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  and and gold miners exposure. So 7030.
• 10:56
  That's it. I don't have a single bond and I
• 10:59
  don't have any other stocks except my own.
• 11:03
  So on Bitcoin, I mean, I think we're down about 20% since the
• 11:06
  Trump inauguration after a big rally post election.
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  So buy the dip or wait. Bitcoin, you have to think 10
• 11:15
  years and buy everything that you can.
• 11:19
  It's not going to go anywhere except up because the dynamics
• 11:23
  are such. It's the hardest asset in the
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  world. There's only 21 million of those
• 11:29
  tokens and 20 have been distributed in mind already.
• 11:33
  So there's going to be 1,000,000 more from here to 2040, I think
• 11:37
  total 140. So it's the hardest asset, not
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  even gold as this hard. Your gold gets inflated at about
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  3% a year through additional production from mines.
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  Bitcoin doesn't. So yeah, it will go up and down
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  and there will be speculative frenzies and people talk about
• 11:55
  it. But what most people should do
• 11:58
  is average dollar cost, average, which is, you know, have a
• 12:02
  program where you can buy so much per month and you buy every
• 12:06
  month and that will take the uncertainty away and never sell
• 12:10
  it. I don't take information like
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  this for granted. Billionaires like Ricardo
• 12:13
  Salinas typically have more access to information than you
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  and I. The leaders that we talk about,
• 12:18
  our leaders that they actually talk to, they see the writing on
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  the wall. They start positioning
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  themselves like Ricardo Salinas with a 70% Bitcoin and 30% gold
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  portfolio. They know the end game.
• 12:28
  They know what's happening. Physical commodities are having
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  their Wall Street Bets moment, and it's only a matter of time
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  before real Bitcoin calls out the paper scams that exist in
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  the Fiat land. The question do you have the
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  patience in the conviction to execute on this trade?
• 12:41
  The real Wall Street bets moment is coming and when it does,
• 12:43
  Bitcoin won't be 100K250K, but we'll be talking about
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  $1,000,000 Bitcoin, $5,000,000 Bitcoin, $10 million Bitcoin.
• 12:50
  Stay calm, ignore the noise, stack hard because when the Fiat
• 12:53
  game ends, the hardest asset wins.
• 12:55
  This is down to coke with Bitcoin.
• 12:56
  Simply happy stacking. And if you haven't already done
• 12:59
  so, subscribe to the channel. And if you haven't already
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• 13:11
  Have a good day everybody, We're out.