Latest / Simply Bitcoin / Government Shuts DOWN | Bitcoin Blasts OFF!! | Simply Originals
Transcript
- 0:00Welcome to October, my friends. Whoa, easy.
- 0:05Is that an Omega candle in your pocket, or are you just happy to
- 0:08see me? So the government shutdown
- 0:10happens and Bitcoin immediately begins going parabolic.
- 0:16Fox News alert Can you hear it? Nothing's happening because the
- 0:19government has officially shut down for the first time in
- 0:22nearly seven years after the Senate failed to reach an
- 0:25agreement over spending before last night's deadline.
- 0:28Coincidence. I don't know, maybe we should
- 0:30shut it down forever. But we have a massive Newsday,
- 0:34we're breaking it down and we'll see where Michael Saylor and
- 0:38Jack Mahler's think Bitcoin is going from here and why Bitcoin
- 0:42is the answer to a broken monetary system.
- 0:45So the hell in We ride at dawn. Every Republican who's gone on
- 0:58TV the last 12 hours or so has called this the Schumer
- 1:03shutdown. What do you say about that name?
- 1:12Senator Schumer, can you hear? Me, I can't hear.
- 1:16Senator Schumer, can you hear me?
- 1:19I don't think Senator Schumer can hear me right now.
- 1:21Maybe the government shutdown included audio on Capitol Hill.
- 1:24Let's do this. the US government has officially shut down for the
- 1:29first time since 2018. Congress blew past the deadline,
- 1:34and as of midnight, hundreds of thousands of federal workers are
- 1:37furloughed. The daily cost, about 400
- 1:40million, gone. And the question now isn't what
- 1:43happens to government services, but what this means for markets,
- 1:47the dollar and of course, Bitcoin.
- 1:50Let's break it down. Here's the hard numbers.
- 1:52Roughly 750,000 workers per day furloughed, costing nearly 400
- 1:58million daily or saving 400 million daily.
- 2:02Last shutdown, December 2018. Under Trump, it dragged on 35
- 2:06days, the longest in history. The average shutdown lasts only
- 2:10about 8 days. The longer it drags, the deeper
- 2:13the pain. Right now, services deemed
- 2:16essential continue, but many federal functions are suspended
- 2:19until Congress passes a funding bill.
- 2:21So what does this mean for markets in the short term?
- 2:25Volatility. The S&P only finishes higher at
- 2:28the end of a shutdown about 55% of the time.
- 2:31In the long run, it's all surprisingly bullish. 86% of
- 2:36shutdowns end with the S&P higher 12 months later.
- 2:39So we can see that markets usually shake it off, but the
- 2:43longer it drags on, the more short term pain hits.
- 2:46But here's where it gets serious.
- 2:47Gold has been front running this case.
- 2:49It just posted a 10% monthly gain and is up 45% on the year.
- 2:54That's 39 new all time highs in 2025.
- 2:59Probably nothing. Meanwhile, the US dollar is
- 3:02tanking on track for its worst year since 1973, already down
- 3:0610%. Fed models say that kind of drop
- 3:09alone adds about 30 basis points to inflation.
- 3:12So Paris shut down with rate cuts and rising inflation and
- 3:15what do you get? Stag.
- 3:18So what happens after all this? The shutdown eventually ends
- 3:22with, wait for it, more deficit spending.
- 3:26Washington always kicks the can, digs the hole deeper.
- 3:30That's why Bitcoin matters. Bitcoin does not shut down at
- 3:35midnight. Bitcoin doesn't need Congress to
- 3:38pass a budget, and Bitcoin doesn't furlough workers.
- 3:41It just keeps running tick tock next block.
- 3:44Oh, and yeah, apparently Trump is really leaning into the shut
- 3:48down, seizing the moment to wear his new costume.
- 3:51He is allegedly demanding that press and staff refer to him as
- 3:55Donald the Orange. Actually, that didn't happen,
- 3:58but you could imagine if it did right now.
- 4:01Let's continue. This, however, did happen.
- 4:03Look at it. The hat, the Diet Coke,
- 4:06unbothered in its own lane. Condensation, dripping, iced
- 4:11carbonated, 0 calories, caffeinated, naturally flavored
- 4:15flourishing. There's also something about a
- 4:17sombrero going around. You probably should not look
- 4:20into that. But people are losing their
- 4:22minds because apparently an evil dictator is about to do away
- 4:27with income taxes and let you make as much money as you want.
- 4:32What a tyrant. Is that if you go back before
- 4:35the 20th century, there were no income taxes, there were no
- 4:38regulations on business. You could earn as much money as
- 4:41you want, leave 100% of it to your children with no taxes.
- 4:44That's the world they want back. And to get it back, they need
- 4:47society to change. They need people to be less
- 4:49modern. They need people to want fewer
- 4:51things. Well, sorry to burst your bubble
- 4:53Madam, but what you just stated is actually the American dream.
- 4:58You don't have to try to sell it to us.
- 5:00We're kind of into that now. I do hope she's right that we're
- 5:03returning to pre 1913 policies. And I don't know if she knows
- 5:07what happened in 1913, but it's kind of a big deal.
- 5:10And Speaking of quote UN quote fascism, like if you would have
- 5:13mentioned the government in bed with big tech and corporate
- 5:17welfare and big business working in hand in hand with the
- 5:21government, then she would have nailed it.
- 5:23But Nope, allowing people to hold the fruits of their labor
- 5:27is tyranny. The more you know am I right?
- 5:29Now after all this, you can see why Jack Muller's had this new
- 5:32clip on the flippity. The real flippity.
- 5:35From shiny rocks to digital blocks, a competition for the
- 5:38best money has begun. The real flippening What do I
- 5:42mean by the real flippening? Well, in Bitcoin, there's a term
- 5:47coined by Coinbase called the flippining.
- 5:50I kid you not, I swear to you. The flippining refers to a
- 5:54potential future event where Etherium's market cap surpasses
- 5:58that of Bitcoin. While Etherium has surpassed
- 6:01Bitcoin in some metrics. God these guys are such fucking
- 6:04scammers. The flippining, in terms of
- 6:07market capitalization has not yet occurred.
- 6:10So this is Etherium. That's that 2017 blip on the far
- 6:14left and this is it since. An utter and complete scam.
- 6:18An utter and complete shit coin. OI say the real flipping,
- 6:22because to me the real flipping is a neutral reserve asset
- 6:27flipping U.S. Treasuries as a central bank
- 6:31reserve, not any of these shit coins flipping Bitcoin.
- 6:36That will never happen. No guys.
- 6:39What we've talked about on the show over and over and over
- 6:41again, we are moving back to a neutral reserve era.
- 6:44We are moving towards an era where monetary instruments are
- 6:47going to compete for who can sustain.
- 6:50Persist your time, your energy, your effort, your labor the
- 6:53best. I think we're entering an era
- 6:56where there's going to be a competition of monies.
- 7:00Because of the printing of Fiat money, there will be a
- 7:04competition of monies and Bitcoin is part of that
- 7:09competition. Ray Dalio gets it.
- 7:12The world will have an open competition for the best place
- 7:15to store your time, your energy, your effort, your labor.
- 7:19You have a choice. You and your loved ones and the
- 7:21people you care about. You own Bitcoin.
- 7:24You're going to get more housing, more food, more
- 7:28education. You have more kids.
- 7:30You'll live longer. It's a choice that you have to
- 7:34make yourself as a sovereign individual.
- 7:37Unfortunately, the government is not going to make it for you.
- 7:40In fact, they're going to do the opposite.
- 7:43Flipping to a neutral reserve asset is upon us, and Sailor
- 7:47just dropped a new interview with Bitcoin Magazine.
- 7:50We have some bullish and maybe a little controversial to some
- 7:53clip as well. But just as Jack Mahler's was
- 7:56saying, the world is moving and flooding into sound money, and
- 8:01Sailor laid out how civilization is moving from gold to Bitcoin
- 8:05as the primary monetary network of the planet.
- 8:08Somehow, 600 BC, everybody agreed that gold was valuable
- 8:14and gold was money, even though they could not agree on their
- 8:17gods, their cultures, they couldn't agree on anything else.
- 8:22But what's fascinating is is the book takes it for granted that
- 8:26gold is money. Gold has been has been valued by
- 8:31thousands and thousands of different cultures all killing
- 8:34each other, speaking different languages, worshipping different
- 8:36gods, but they're all fighting over gold.
- 8:40And so gold emerge as the as the primary monetary metal, not
- 8:46silver, not bronze, gold for the for 300 years.
- 8:51If you look at the 17th century, the 18th century, the 19th
- 8:54century, even in the most the 20th century, the world revolved
- 8:58around gold backed credit. OK, we issued bonds backed by
- 9:04gold. The British bonds that, you
- 9:06know, sovereign debt in Britain in 1770, it's a gold backed
- 9:11bond. You know, in the Rothschilds
- 9:14times they had gold backed bonds, right?
- 9:16The French bonds were gold backed.
- 9:18The German bonds, the Austrian bonds, the Spanish bonds, gold
- 9:21backed the you know, all of the credit instruments were to a
- 9:25certain degree backed by gold and they would go off the gold
- 9:29standard and back on the gold standard.
- 9:30But this idea of gold backed credit goes from the 1700s to
- 9:37the 1800s to the 1900s all the way through 1971.
- 9:43And so we have hundreds and hundreds of years of gold backed
- 9:49credit instruments. Then we have to wait and and
- 9:54Satoshi invents Bitcoin and we fight over what is it?
- 9:57And you know, no one can decide. And now in the year 2025, we
- 10:03have consensus that Bitcoin is digital gold.
- 10:06So on the CNBC, talking heads agree on it.
- 10:10Everyone in the crypto economy agrees Bitcoin is the monetary
- 10:14foundation. It's digital gold.
- 10:17You know, what are the other cryptos?
- 10:18Maybe they're digital silver, maybe they're digital copper,
- 10:20maybe they're digital Palladium or digital platinum or digital
- 10:24silicon, you know, but the history of Western civilization
- 10:29isn't based on copper bonds, right?
- 10:32And, and there's experiment with silver, but silver bonds didn't
- 10:35really fly. It was it primarily we we
- 10:40settled upon one metallic monetary network and now we're
- 10:44settling on one crypto monetary network.
- 10:47There is no second best and before we go into sailors hot
- 10:51take Telegram CEO just called for $1,000,000 Bitcoin and said
- 10:55quote governments keep printing money but nobody is printing
- 10:59Bitcoin. Check it.
- 11:00Out in general. So you've, you've been an early
- 11:02supporter of crypto currencies, Bitcoin.
- 11:07You've bought into Bitcoin early on you kept buying.
- 11:13Maybe you could speak to the reasoning why you kept buying
- 11:15Bitcoin. Do you think Bitcoin will go to
- 11:19$1,000,000? Do you think it'll keep
- 11:20increasing and Bitcoin and all the other crypto currencies?
- 11:25How is the big believer in bitcoins since more or less the
- 11:29start of it? I got to buy my first few
- 11:33thousand of Bitcoin in 2013 and I didn't care much.
- 11:39I think I bought it the local maximum.
- 11:42It's something like $700.00 per Bitcoin and I just threw a
- 11:47couple of millions there. And a lot of people after
- 11:51Bitcoin later next year went down somewhere close to 302
- 11:58hundred, started to express they're sympathy to me.
- 12:05They say, oh, you're a poor fellow, you made this horrible
- 12:08mistake investing in this new thing.
- 12:10But don't feel bad about it. We still have some respect for
- 12:15you. And my response to them where I
- 12:19don't care, I'm not going to sell it.
- 12:22I believe in this thing. I think this is the way money
- 12:26should work. Nobody can confiscate your
- 12:31Bitcoin from you. Nobody can censor you for
- 12:36political reasons. This is the ultimate means of
- 12:46exchange. And again, I'm now talking about
- 12:50Bitcoin, but it relates to cryptocurrencies in general.
- 12:55So I have been able to fund my lifestyle so to say from my
- 13:01Bitcoin investment. Some people think if I'm able to
- 13:05rent nice locations or fly private, it's because I somehow
- 13:11extract extract money from Telegram.
- 13:13Like I said, Telegram is money losing operation.
- 13:18For me personally, Bitcoin is something that allowed me to
- 13:27stay afloat and I believe it will come to a point when
- 13:33Bitcoin is worth $1 million. Just look at the the trends.
- 13:38The governments keep printing money like no tomorrow.
- 13:42Nobody's printing Bitcoin. There is a predictable inflation
- 13:47and then it stops. It's a certain point.
- 13:53Bitcoin is here to stay. All the Fiat currencies remains
- 13:57to be seen. Now, is Sailor planning to
- 14:00acquire 5% of the Bitcoin network?
- 14:03If so, what does that mean for its price?
- 14:05And what is actually riskier than owning Bitcoin?
- 14:09We're about to bring it home, but before we do, look at our
- 14:13likes. 3 or 4. Times maybe I'll pump those
- 14:15numbers up those are rookie numbers in this racket let's
- 14:17take a quick second for our sponsors who keep this show on
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- 14:24system it's not yours it's theirs that's why we scream
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- 14:35to run a node and the tools that keep you sovereign when the Fiat
- 14:38system pulls the plug. Don't wait till it's too late.
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- 15:02slash simply to learn more and get 25 basis points off your
- 15:06first loan. For our company, if we were to
- 15:09ever get to 5% of the network, the networks going to be at
- 15:13least $1,000,000 a coin. If we were to go beyond it, it's
- 15:17going to 10 million a coin. So when we get to 7% of the
- 15:21network, if we do and Bitcoin is $10 million a coin and a
- 15:26BlackRock keeps up with us, that means 85% of the network, right?
- 15:32And you're going to be talking about $200 trillion.
- 15:37So you're going to have $170 trillion that will flow to the
- 15:42individuals. So they're not exactly getting
- 15:45crowded out, right? If anything, what you've got is
- 15:51the corporations are all engines turning the flywheel of the
- 15:57Bitcoin economy. Every single company, every
- 16:01Bitcoin treasury company that capitalizes on Bitcoin is like
- 16:05attaching a motor to the network.
- 16:09And every time that company buys $50 million worth of Bitcoin,
- 16:14they spend that drive shaft one turn.
- 16:18That's one day's natural supply, right?
- 16:21And, and so the more companies that come on, whether it's Black
- 16:25Rock or whether it's Strategy or whether it's Metaplanet or
- 16:28whether it's 21 or whether it's BSTR, you know, or whether it's
- 16:33similar, you know, whoever it might be, each one of them is
- 16:37firing UA motor. All of the motors are are
- 16:42powering U the network. If you're an individual and you
- 16:47believe in Bitcoin, you buy the Bitcoin, you cold storage the
- 16:50Bitcoin, and you let all the companies power up the network.
- 16:53Needless to say, Sailor has no plans of slowing down, and he's
- 16:58incredibly bullish. Now here is one that some may
- 17:01find controversial. I see this thing a couple ways,
- 17:04but I want you to watch it. Then we'll talk about it.
- 17:06Here we go. If you're an individual and you
- 17:09believe in Bitcoin, you buy the Bitcoin, you cold storage the
- 17:12Bitcoin and you let all the companies power up the network.
- 17:17If the companies didn't show up and and the network was all
- 17:20individuals, Bitcoin would be trading $5000 coin.
- 17:24And and here's the problem, it wouldn't just traded $5000 a
- 17:28coin, but the corporations, if they were to choose a different
- 17:33network to power up, you know, if the, if all the companies
- 17:37went to Bitcoin Cash or Litecoin or Ethereum or something else,
- 17:45Bitcoin would Max out of 5000 a coin and it would dwindle down
- 17:48to nothing because because the companies would latch on to the
- 17:52next network. And then they would go to every
- 17:55government in China and Russia and Europe and South America and
- 17:59Africa and the US and all the laws would be modified to
- 18:04benefit the other network and eventually squeeze the Bitcoin
- 18:08network out. So this is some, this is a
- 18:14protocol and you could even say there's a protocol war and it's
- 18:20a war to determine the future of money and the future of the war
- 18:26for the future of money is going to be fought and won with money.
- 18:33So in this particular case, it's the people that have the money
- 18:38are the institutional investors, and the people that can can
- 18:42organize the money are the corporations.
- 18:45And if you want to win the monetary war, you need the
- 18:48institutions that control all the capital.
- 18:51And you need the corporations to get involved because you need
- 18:54the support of the government. The government can, with a
- 18:56stroke of a pen, right, block 99% of all the capital from
- 19:02flowing into a network or they can enable it.
- 19:07And so I think what do you? Think let us know below would
- 19:10Bitcoin be at 5K without Bitcoin treasuries and BlackRock?
- 19:13Now I'll let you know what I think.
- 19:15I get it and he isn't necessarily wrong, it's just
- 19:18kind of a straw man. I mean the real question here is
- 19:21where would MicroStrategy or BlackRock be without Bitcoin?
- 19:25Bitcoin is money, it is the best money.
- 19:27And the fact is, without Bitcoin, MicroStrategy would be
- 19:30nothing and BlackRock would have missed out on the greatest
- 19:32performing ETF in history. Micro strategy and BlackRock
- 19:35need Bitcoin, not the other way around.
- 19:38And you know why they, you, and everyone needs Bitcoin is
- 19:42because the money is broken. That's why the real risk isn't
- 19:45owning Bitcoin. It's not owning Bitcoin.
- 19:49Because I'll tell you what, we're going to take our reserve
- 19:51currency and we're going to smash by.
- 19:53We're going to take our technology, we're going to
- 19:55build, we're going to take our entrepreneurs, we're going to
- 19:57support them. We're going to take our miners
- 19:59and we're going to hash. That's what we're going to do in
- 20:01the United States of America, and we're going to show you.
- 20:05That democracy and freedom is the best way towards human
- 20:09flourishing and to support human civilization.
- 20:12Let's go. Open competition, fair
- 20:15competition, let's go. And if you think your approach
- 20:19to human civilization and your approach to government is
- 20:21better, then let's go out and see.
- 20:24But we got the best entrepreneurs, the best miners,
- 20:27the best stackers, the best hodlers, the best mines.
- 20:30And no offense, I know I got a lot of people out there that are
- 20:32listening to this that aren't American.
- 20:33But what can I say? Born and raised, land of the
- 20:36free, home of the brave. That's how I feel.
- 20:38I'm not afraid of competition. We embrace it.
- 20:41So the the way to de risk this and the way to promote progress
- 20:45and growth is to go out and act on your principles.
- 20:49Don't be afraid. Listen, everyone's afraid of
- 20:51risk, but there's risk everywhere.
- 20:55You know what's riskier than buying Bitcoin?
- 20:58Not buying Bitcoin. What's riskier than buying
- 21:03Bitcoin is not buying Bitcoin, right?
- 21:06Getting in an Uber is risky. Getting on an airplane is risky.
- 21:11Going to the grocery store has some risk involved in it.
- 21:14You want to know how risky life is?
- 21:17None of us are making it out alive, right?
- 21:24I've never landed. The free home of the Brave isn't
- 21:28about being afraid of risk. It's about principles.
- 21:35It's about fighting for what we believe in.
- 21:38So let's bring this all home. the US government shuts down.
- 21:41Hundreds of thousands furloughed, markets wobbling,
- 21:44the dollar tanking, gold ripping.
- 21:46And what does Bitcoin do? It rips higher.
- 21:48Coincidence maybe? Or maybe the signals been
- 21:51screaming at us the whole time. Governments fail.
- 21:54Bitcoin prevails. Jack Ballers is out here calling
- 21:57the flipping nut 8th over Bitcoin.
- 21:59That's completely regarded but rocks to blocks gold to Bitcoin.
- 22:03Michael Saylor is saying it flat out.
- 22:05Civilization is migrating to the best money we've ever had.
- 22:08And the CEO of Telegram, he just called for $1,000,000 Bitcoin.
- 22:11And here's the truth. MicroStrategy doesn't make
- 22:14Bitcoin. BlackRock doesn't make Bitcoin.
- 22:16Bitcoin makes them without Bitcoin, they're kind of
- 22:19irrelevant without Bitcoin, the roadkill on fiat's Hwy. to hell.
- 22:24But with Bitcoin, they ride the greatest asset of our time.
- 22:27So if you're asking what's risky, it's not owning Bitcoin.
- 22:31It's not owning Bitcoin because when the government literally
- 22:34turns itself off the block clock doesn't even blink Tick tock
- 22:39next block And before we wrap grab those tickets to mining
- 22:43disrupt 2025. See the future of Bitcoin mining
- 22:46up close in Dallas, TX November 11th through the 13th, The
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- 23:01Hope you guys enjoyed this one. That's the show.
- 23:03Welcome to October. Buckle up and stack hard because
- 23:06the real shutdown isn't Washington.
- 23:09It's the Fiat system and Bitcoin is what turns the lights back
- 23:12on. Don't forget to like, subscribe
- 23:14and give us a PAMP set those notifications for the best in
- 23:17Bitcoin news delivered to you daily.
- 23:19Love you guys, catch you tomorrow.
- 23:21If you. Prefer to go down with the ship.