Latest / Simply Bitcoin / Billionaires JUST CONFIRMED Bitcoin is About To EXPLODE!? | Bitcoin Simply

Transcript

Billionaires JUST CONFIRMED Bitcoin is About To EXPLODE!? | Bitcoin Simply · Simply Bitcoin

• 0:00
  FOMO is starting to kick in around the globe, and skeptical
• 0:03
  billionaires are starting to lose sleep.
• 0:05
  You know, I have not gotten involved with Bitcoin and I wake
• 0:08
  up every day at 3:00 in the morning and I'm like, why am I
• 0:10
  such an idiot? What have I been waiting for?
• 0:13
  Not being involved in it? And it just goes up and up.
• 0:16
  Even the Bank of International Settlements understands that
• 0:20
  Bitcoin is different from everything else.
• 0:22
  Both billionaires and shadow banking industries realize that
• 0:26
  it's only a matter of time before the US government comes
• 0:29
  in and sends Bitcoin to the moon, solidifying it forever.
• 0:33
  And in the last two days, 3 high-ranking officials from the
• 0:36
  US government and members of Congress say that they're not
• 0:40
  just talking about Bitcoin anymore, but they're making
• 0:42
  moves to actually start buying it.
• 0:44
  We're going to cover some of the bullish news coming from
• 0:47
  billionaires in the Bitcoin Policy Institute this week and
• 0:50
  explain how it's setting the table for a bullish 2025.
• 0:53
  This is Dante Cook with Bitcoin. Simply, let's go.
• 1:03
  Have you ever done a backflip while catching a baseball, a
• 1:06
  pitch and now it's 2 down. Tanner Thomas digs in.
• 1:11
  Robert Anthony Cruz eyeing it up and backflip it.
• 1:15
  No, no I have not. Have you ever lit a match with
• 1:19
  your servant tennis? No, no, I have not.
• 1:42
  Have you ever woken up and thought, man, I'm not buying
• 1:45
  enough Bitcoin? Yes, yes I have.
• 1:48
  And so is billionaire Philip Lafont from CO2 Management.
• 1:51
  We thought of Bitcoin as a company.
• 1:53
  Today, I think Bitcoin is 2 trillion.
• 1:55
  We're like, well, could it get to also four or five trillion?
• 1:58
  Obviously Bitcoin is not a company.
• 2:00
  It'd be like saying if gold's a company, but I thought it was
• 2:02
  interesting as a new asset market cap, market cap, 2
• 2:07
  trillion when you get. Involved in Bitcoin?
• 2:09
  You know, I have not gotten involved with Bitcoin, and I
• 2:12
  wake up every day at 3:00 in the morning and I'm like, why am I
• 2:15
  such an idiot? What have I been waiting for?
• 2:18
  Not being involved in it? And it just goes up and up in
• 2:21
  the past. I think this is interesting.
• 2:23
  The retail investors, they were much faster at getting involved
• 2:27
  with Bitcoin than the institutional ones.
• 2:29
  And I always thought Bitcoin's amazing, but it's double or
• 2:32
  triple the volatility of the NASDAQ.
• 2:34
  Nasdaq's already pretty volatile.
• 2:35
  Why do I need to deal with this added volatility?
• 2:38
  Recently Bitcoin when it went down during the tariff only went
• 2:42
  down as much as NASDAQ. So it seems the volatility as an
• 2:45
  asset class is coming down, which I thought was.
• 2:48
  So, but given your, your, your sort of thesis, do you say to
• 2:51
  yourself even at this point in the ball game, if you think it's
• 2:54
  going to double or triple and going to be part of the NASDAQ
• 2:57
  100 if you were to think of it as a company?
• 3:00
  Yes, I have. To think about it.
• 3:02
  Yes, I have to think about it now.
• 3:04
  Do I own it now? Do I own it tomorrow?
• 3:06
  In a few. Days, but every day I do think
• 3:09
  why do I not own it? And I think to be a good
• 3:11
  investor, it's not just like owning the obvious stock, but
• 3:15
  sometimes you have to change your mind and you have to just
• 3:18
  say, well, I made a mistake and I'm changing my mind and maybe
• 3:21
  Bitcoin will. How do you come up to that
• 3:23
  evaluation? Is it as a percentage of gold's
• 3:27
  market cap or something? So I thought like the market gap
• 3:30
  of the world, the net worth of the world is, I think 450 to
• 3:33
  500. Equities are, let's say 120.
• 3:37
  Gold above and under the ground is 2025.
• 3:40
  And then Bitcoin is 2 trillion and I was like, OK, well, 2
• 3:45
  trillion, let's say it represents half a percent of the
• 3:48
  net worth of the world. Could it go to one or two?
• 3:51
  Some people say, oh, a bitcoins going to be 100 trillion.
• 3:53
  I'm like, OK, that's not, you know, maybe a bit of an
• 3:57
  aggressive estimate, but could it double over a period of time?
• 4:01
  And then we talked about the de dollarization of the world, the
• 4:04
  end of US exceptionalism. So those would be some of the
• 4:09
  reasons. He doesn't think Bitcoin will
• 4:10
  become $100 trillion asset, but that's OK.
• 4:13
  He's waking up to the realization that he's been wrong
• 4:16
  about Bitcoin all along. He made a comment about the end
• 4:19
  of US exceptionalism and I think that he's right. the US seems to
• 4:22
  be in decline and that's because we haven't created or been at
• 4:25
  the forefront of the new industry taking over the world.
• 4:28
  But there is one asset that we could be the leader in and
• 4:31
  that's Bitcoin and digital assets.
• 4:33
  And it seems like this US administration is understanding
• 4:36
  the importance and why we need to be first.
• 4:39
  It's clear from the Bitcoin Policy Institute that the United
• 4:41
  States government isn't just talking about Bitcoin, but
• 4:44
  they're putting their words into action.
• 4:46
  The Genius Act, you know, clarity, those are top of mind
• 4:49
  for everybody, you know, working on digital assets in the White
• 4:52
  House. You know, there will be the
• 4:54
  forthcoming report on the interagency activities.
• 4:57
  We've already taken some steps with the SPR.
• 5:00
  You know, how do we follow that up with the, you know,
• 5:02
  accumulation plan so there's no shortage of opportunities and
• 5:07
  things to do? So after we leave here, I'll get
• 5:10
  right back to it. Digital Assets executive Bo
• 5:13
  Hines says that we're not only accounting for where the Bitcoin
• 5:16
  is, but we're laying the infrastructure to start buying
• 5:19
  Bitcoin and they're keen on doing it.
• 5:22
  Yeah. So if you look at the EO, it did
• 5:23
  mandate an accounting to take place in which Treasury is
• 5:25
  spearheaded, that they have received the numbers from the
• 5:30
  different agencies inside of government.
• 5:32
  There are a lot of different actors that held on to some
• 5:34
  Bitcoin in some fashion or another.
• 5:36
  Now the process begins in terms of, you know, establishing the
• 5:39
  reserve, the actual infrastructure behind it and
• 5:41
  getting all that accomplished. There's nothing in the EO that
• 5:44
  mandates that that report become public, but we could choose to
• 5:48
  to make it public at some point. And we are certainly keen on the
• 5:52
  idea of accumulation. We've stated publicly that
• 5:54
  Bitcoin is digital gold. We believe it's in the best
• 5:57
  interest the United States to to garner as much as we can
• 5:59
  possibly get. I've said that at every
• 6:01
  conference that I've spoken at in the last two to three months.
• 6:03
  Now, obviously this has to be done in budget neutral ways that
• 6:06
  don't cost the taxpayer a dime. The president was clear about
• 6:08
  that in the executive order. But I think we have some very
• 6:11
  creative minds, two of which are are sitting up here with me and
• 6:14
  I think we'll we'll begin moving very quickly on that.
• 6:17
  Like we said in the previous episode, Bitcoin is starting to
• 6:20
  move past the media fund that was blasted all over airwaves
• 6:23
  for the past four or five years about Bitcoin being an asset for
• 6:26
  criminals. It's an asset that has no use
• 6:29
  cases and it's not actually real technology to now even have
• 6:33
  officials from the Bank of International Settlements
• 6:36
  recognizing that Bitcoin is separate and different from
• 6:38
  central bank digital tokens or a unified Ledger, and it's a
• 6:43
  trustless and decentralized protocol.
• 6:46
  The unified Ledger, the other idea, is pretty much separate
• 6:51
  from Bitcoin in the sense that, you know, Bitcoin is a is a
• 6:56
  public blockchain. It relies on this decentralized
• 7:00
  notion of trust. So rather than having trusted
• 7:03
  intermediaries, the idea is that you can somehow have a system
• 7:10
  where trust itself is decentralized and the whole
• 7:14
  system works based on the consensus as to what the
• 7:19
  underlying state of the world is subject to the, you know,
• 7:22
  updating of the Ledger through some decentralized mechanism.
• 7:28
  Whereas the vision that we have in mind is very much based on
• 7:32
  central bank money. So it's based on the trust in
• 7:35
  central bank money, the settlement finality and the
• 7:39
  singleness. As Andrea also mentioned.
• 7:43
  I guess the, the common element is the, is the functionality
• 7:48
  that results from, you know, atomic settlement and the
• 7:52
  programmability. But the programmability, you
• 7:56
  know, the, the technology underlying programmability
• 7:59
  doesn't need to farm out the, the notion of trust to a, to a
• 8:06
  decentralized, you know, consensus mechanism.
• 8:09
  So I I would answer your question like that.
• 8:13
  Some of the greatest innovations happening in Bitcoin are
• 8:15
  happening around Bitcoin being used as collateral.
• 8:18
  Collateral like when you're buying a home finally, or it's
• 8:22
  coming into Tri Fi in the sense that I don't want to sell this
• 8:25
  asset as collateral. I want to borrow against this
• 8:28
  asset and use it as collateral. Well, you can do that now with
• 8:31
  Lenin, the leader in Bitcoin back loans, which allows you to
• 8:34
  unlock liquidity in your Bitcoin without selling your Bitcoin.
• 8:37
  They were the first digital lender to do a digital proof of
• 8:40
  reserves and that's why they have the trust of customers
• 8:42
  globally after issuing 9 billion loans on an average of 18 hours
• 8:47
  from the loan application being filled out to into your account.
• 8:50
  They have 1005 star customer reviews and they are a trusted
• 8:53
  leader and player in this space. Loan started just 12.4%.
• 8:57
  They don't have to be paid on a monthly basis.
• 9:00
  They get paid on a lump sum at the end of the loan term.
• 9:03
  And if you have extra capital, well this is better than
• 9:06
  borrowing on credit or using 20% credit card interest rates.
• 9:10
  Oh, and it doesn't affect your credit score.
• 9:13
  It started with loans at just 12.4%, or if you go to learn dot
• 9:16
  letting dot AO slash simply well, you get .25% off your
• 9:19
  first loan. One of the things that the
• 9:21
  official in the BIS video clip highlighted is that Bitcoin is
• 9:24
  decentralized and it's a protocol.
• 9:27
  And it being decentralized and being a protocol is only
• 9:30
  valuable if it's outside of the system, if it's not an IOU or a
• 9:34
  token within the system. And you can make sure that your
• 9:36
  Bitcoin isn't just a token or extension of the existing
• 9:39
  system, an actual true sovereign wealth by removing your Bitcoin
• 9:43
  from third party exchanges, by taking your private keys.
• 9:46
  You can learn how to do that with a coach by scheduling a
• 9:49
  free 30 minute consultation with the Bitcoin Way.
• 9:52
  They'll walk you through step by step how to protect your
• 9:54
  generational wealth the right way.
• 9:56
  Go to thebitcoinway.com/simply Bitcoin.
• 9:59
  The tone around Bitcoin is shifting and this is a major
• 10:02
  development because that means that the major institutions in
• 10:06
  where our capital has been sitting for the last 20-30 forty
• 10:09
  years is starting to move into this new asset class.
• 10:12
  Let's go back to Philip Lafont from CO2.
• 10:14
  They built one of the most successful venture private and
• 10:17
  hedge fund conglomerates in the world.
• 10:20
  They now manage over $70 billion worth of assets and they put out
• 10:23
  one of the best annual reports that there is in the world, bar
• 10:26
  none. They recently just announced
• 10:28
  their recent annual report where they talk about the latest
• 10:31
  trends in AI, energy, technology, and lo and behold,
• 10:34
  the end of US exceptionalism. They talk about what the next
• 10:37
  big companies trends and innovations are and how that's
• 10:39
  going to lead to outperformance. But one interesting thing in
• 10:42
  this year's report is they talk about Bitcoin outperforming all
• 10:45
  major asset classes, and not only that, it's becoming less
• 10:48
  volatile. How do you think about, how do
• 10:51
  you think about valuing it? I mean, listen, but just
• 10:55
  touching back on the point, so. We're.
• 10:57
  Looking at Bitcoin, it's like, all right, the market cap of the
• 11:00
  world, the net worth of the world is like 455 hundred
• 11:04
  trillion. Equities I think are like 120 or
• 11:07
  stuff. Real estate's probably another
• 11:10
  hundred, 150. Then there's a value that people
• 11:12
  have in their homes. Gold is about 15 to 20 trillion
• 11:18
  above and under the ground. And then we're like Bitcoin at
• 11:22
  2:00. I'm not God.
• 11:24
  So Bitcoin, it represents, you know, 2 out of 500 of the net
• 11:28
  worth of the world or 400, whatever.
• 11:30
  It moves a little bit. Could it be?
• 11:32
  Four, Could it be 5? And then we're like, well, the
• 11:35
  largest company Microsoft today is like 3 1/2 trillion.
• 11:38
  Let's say that Microsoft, I don't know, double s in 10
• 11:41
  years. It would only be growing at 7%
• 11:43
  per year. Microsoft will be a $7 trillion
• 11:46
  company in 10 years, and could Bitcoin be 5 or 6?
• 11:50
  It's a real asset class. And then on top of that, it's
• 11:54
  very volatile. Then on top of that, there's a
• 11:57
  lot of retail people that own it.
• 12:00
  And it's almost feels like sometimes, you know, the
• 12:03
  institutional investor is wrong and the retail investment,
• 12:06
  right. Sometimes it's the opposite.
• 12:08
  Retail gets caught in a little bit of a meme stock and it comes
• 12:11
  back down and I. Don't think.
• 12:13
  We can afford to ignore it anymore.
• 12:15
  So it doesn't mean like we don't really know exactly when and how
• 12:19
  to own it. And then your other point that's
• 12:21
  really interesting is sometimes you make some venture bets and
• 12:24
  they don't work. And then you're like, I just
• 12:27
  invested in the wrong trend. And in fact, sometimes you
• 12:31
  invested in the wrong company, but it is the right trend and
• 12:35
  those bad investment cloud your judgement.
• 12:39
  And there's Bitcoin, there's stable coins, which we should
• 12:43
  talk about. They're growing incredibly right
• 12:45
  now. And then there's all these out
• 12:47
  coins. And you could say, OK, well, I
• 12:49
  don't like the out and the meme coins.
• 12:51
  I don't like necessary the collectible aspects of things.
• 12:54
  But I like. Stable and Bitcoin.
• 12:55
  So for us it's more a process where we just need to become
• 13:00
  better. Be willing to change your mind
• 13:02
  and stay open to the future, and those are a lot of the
• 13:05
  conference. They're talking about Bitcoin as
• 13:07
  one of the major leading shifts of innovation that's happening
• 13:09
  in the world. They believe that Bitcoin is
• 13:12
  going to move from being the 6th largest asset in the world to
• 13:15
  the third largest asset. I think that's undershooting by
• 13:18
  a whole lot, but nonetheless, they're admitting that they're
• 13:22
  open to the future and that they've been wrong in the past.
• 13:25
  That's the first step. Bitcoin is a globally recognized
• 13:28
  technology in asset class and like the Internet or mobile or
• 13:32
  AI, it's going to be embedded in, integrated, get it into
• 13:35
  every facet of our portfolios and lives before you know it.
• 13:38
  And when that happens, the alpha in the return is no longer
• 13:40
  there. This is just the beginning.
• 13:42
  And we didn't even cover the biggest news of this week, which
• 13:45
  is the SEC chair Hester Pierce said that in kind.
• 13:49
  Redemptions are on the horizon. They're coming.
• 13:51
  People are going to take paper Bitcoin and get real Bitcoin.
• 13:54
  I'll believe it when I see it, but it's bullish news
• 13:57
  nonetheless. We're going to cover that and
• 13:59
  price predictions for the second-half of 2025 on Sunday's
• 14:03
  episode. So like share, subscribe to make
• 14:06
  sure that you don't miss that video when it drops.
• 14:08
  If you want to continue on your Bitcoin journey in your Bitcoin
• 14:11
  education and meet Bitcoiners in real life, come down to Dallas,
• 14:14
  TX from November 11th through November 13th through the Mining
• 14:17
  Disrupt conference, the largest Bitcoin mining Expo in the
• 14:20
  world. Use the promo code Simply
• 14:22
  Bitcoin for 20% off your tickets.
• 14:24
  Thanks for hanging today. Hopefully I shared some other
• 14:26
  clips other than just basketball.
• 14:28
  For all of you people who think I don't read the comments, this
• 14:30
  is Dante Cook with Bitcoin. Simply Happy stacking.