Latest / Simply Bitcoin / Michael Saylor Made $28B With Bitcoin! | Bitcoin Simply
Transcript
- 0:00July 4th is behind us, but we still might see some fireworks
- 0:03this Sunday. With Bitcoin potentially
- 0:05breaking through all time highs. No surprise it's sucking the
- 0:08capital out of everything. If it's.
- 0:12Ramping up in terms of its success.
- 0:14And let's say that that's exponential, because perhaps it
- 0:18might be. Why won't Bitcoin just suck the
- 0:21investment capital out of everything?
- 0:24It is and it will. That's why I'm here.
- 0:28Sailor knows the deal and continues to stack more corn for
- 0:32their treasury. I mean, he's only made a $28
- 0:34billion profit with this strategy, but who's counting?
- 0:37Even though MicroStrategy and others are seeing huge excess
- 0:40with the playbook playing out right in front of us, there's
- 0:42going to be people who are going to try to convince you to buy
- 0:45something else, some other token people like Peter Schiff.
- 0:48Americans are facing an affordability crisis and there's
- 0:52a life raft. If you're willing to get in,
- 0:54don't miss the greatest investment opportunity of this
- 0:57generation. But I guarantee you, even this
- 1:00cycle, as we break out to 150 KA, 175 K, people will still
- 1:05deny it. But not you.
- 1:07Lock in. This is Dante Koch with Bitcoin.
- 1:09Simply, let's go. There's a story about a man
- 1:16who's floating in the ocean because his boat sank.
- 1:18And a fishing boat comes by and he says, get in.
- 1:21And he's like, no, I believe in God, and God is going to save
- 1:24me. And then there's a cruise ship
- 1:26whose captain happens to see him out in the water, who stops,
- 1:29lowers the life raft and says, hey, get in, we're willing to
- 1:32take you ashore. And he goes, no, I'm OK, God's
- 1:35going to save me. And then when the cruise ship
- 1:37docked, they caught a helicopter who flew out and offered to pull
- 1:40the man on board the helicopter. And he said, no, I'm good.
- 1:43God's going to save me. He eventually gets eaten by
- 1:45sharks and then he sees God and he said God, why didn't you save
- 1:49me? And he says I sent 2 boats in a
- 1:51helicopter. And that's the same thing going
- 1:54on with most Genzi and millennials right now.
- 1:57Despite there being a life raft right in front of them, they
- 2:00think that something else is going to save them.
- 2:02In a recent survey done by Credit Karma, 77% of Americans
- 2:06say that they're not financially secure. 49% of Gen.
- 2:09Z says that the American dream is hopeless. 26% of Americans
- 2:13feel like they need 150K or more just to feel secure, and only
- 2:1629% believe the American dream is possible.
- 2:19One in four American adults have a side hustle and you would need
- 2:23to make $124,000 today and and 100,000 dollar salary in 2020.
- 2:29And in order to have the same buying power or salary as you
- 2:32had in 2020 at 100,000 you need to be making 124K today.
- 2:37And yet Bitcoin is still not interesting to most Americans.
- 2:40According to Google search trends, most millennials in Gen.
- 2:43Z can't afford a house, but Bitcoin's still not interesting.
- 2:46OK not to be a negative Nelly but what the actual is going on
- 2:51with housing prices? I live in Charlottesville and
- 2:54there are shithole ranchers that haven't been touched since the
- 2:591970s that are 1.4 million. Make it make sense.
- 3:05Make it make sense. But the average American home
- 3:08cost you 46 Bitcoin in January of 2020, and it only cost you
- 3:113.7 today. It's weird.
- 3:13There's this Internet dev guy named Satoshi Nakamoto who's
- 3:16about to pass Warren Buffett as the 10th richest man in the
- 3:20world. Probably nothing.
- 3:22There was this tiny country, one of the smallest in the world and
- 3:25one of the lowest and worst performing countries in terms of
- 3:27GDP just a few years ago that was riddled by poverty and gang
- 3:31violence. And yet they started buying this
- 3:32little orange coin called Bitcoin with these advisors, Max
- 3:35and Stacy, and somehow they've turned a $440 million profit.
- 3:40But I guarantee you, even with a life raft coming, 2 boats and a
- 3:45helicopter, well there's going to be people offering you to buy
- 3:49other tokens now that Bitcoin is ripping towards all time highs.
- 3:52People who supposedly have credibility like Peter Schiff.
- 3:57Check out this interview from Peter Schiff in 2022 and you'll
- 4:00see exactly what I mean. You can have the functionality
- 4:05of Bitcoin with gold, except better, cheaper, and faster
- 4:11because anybody can custody gold and if you want to tokenize it
- 4:19and issue tokens that represent ownership of that gold, you can
- 4:24buy the token, which means you own the gold, but you can
- 4:29transact in the token. So I can send tokens or receive
- 4:34tokens and I can buy goods and services or get paid for
- 4:38providing services or producing goods.
- 4:41I can be paid in gold, I can price my products in gold.
- 4:44And we can transact with each other instantaneously using our
- 4:49our cell phones or text messaging.
- 4:52And the gold doesn't have to go anywhere.
- 4:53The gold just sits at a vault and acts as a basis for all
- 4:57these transactions. The playbook is simple.
- 4:59Just buy Bitcoin. You get to Front Run Wall
- 5:02Street. When Wall Street is 10% of
- 5:04Bitcoin, Bitcoin will be at a million a coin, and that means
- 5:08they'll be nearly $20 trillion of not Wall Street money that
- 5:13will be sitting everywhere else in the rest of the world, in the
- 5:17rest of whatever right the energy.
- 5:20It's impossible for anybody to take over Bitcoin in a hostile
- 5:25way. Bitcoin is going to be more
- 5:27impactful than the Internet itself, and yet some people are
- 5:31still going to miss it. You can't see it today, but it
- 5:34is much more impactful than it then.
- 5:36It will be much more impactful than in the Internet.
- 5:38In fact, it's rebuilding than a new peer-to-peer Internet that
- 5:42puts us all as equals and we create value.
- 5:45And the more value we create, the the more prices fall for all
- 5:49of us on that that system. And it's an equalizer around
- 5:52nations. And so now you're not, as this
- 5:56expands, doesn't matter where you're born, to be able to plug
- 6:01into a system that effectively gets its life from enslaving
- 6:06other people. You are plugged into a global
- 6:08network of people contributing ideas that has been out to you.
- 6:12So it's it's a lot bigger, but it's early.
- 6:15Because you watch shows like Bitcoin simply and subscribe to
- 6:18this channel, you're not going to be one of those that sell
- 6:20your corn. You're going to be one of the
- 6:21people that borrow against your corn, if at all, in order to not
- 6:25sell your Bitcoin. And that's exactly what Leaden
- 6:28does. They allow you to unlock liquid
- 6:29it in your Bitcoin without selling your Bitcoin.
- 6:31They've issued over $9 billion worth of loans to 10s of
- 6:34thousands of customers and have over 1005 star customer reviews.
- 6:37They were the first digital lender to do a proof of reserves
- 6:39to show that they have the Bitcoin that they say that they
- 6:41do. And the process is very simple,
- 6:44fast and transparent. Get funded in less than 24
- 6:46hours. Loans started just 12.4%, but
- 6:49you can get .25% off your first loan by going to learn dot
- 6:53letting dot AO slash. Simply, other people are wising
- 6:56up like they did with gold. They had gold and vaults.
- 6:58They have gold buried everywhere.
- 6:59Well, you don't have to do all of that digging.
- 7:02You can just learn how to safely, confidently and properly
- 7:04secure your Bitcoin by removing it from third party exchanges in
- 7:08protecting your generation to walk the right way.
- 7:11But don't do it alone. Get a coach.
- 7:14Go to thebitcoinway.com/simply Bitcoin to get started with
- 7:17yourself. Custody journey in Bitcoin.
- 7:19Bitcoiners are having their time in the sun right now for sure,
- 7:23but believe me, 10/11/12, thirteen years ago they were
- 7:27saying all of the things that are happening right now and
- 7:30people didn't believe them. Check out this interview with
- 7:32TER Domester in 2013 where you can actually see people walking
- 7:37out of his presentation, but everything that he said is
- 7:40coming true today. Going to make Bitcoin big and
- 7:43boring so that the majority can start accepting it.
- 7:45So that's why I think we are right there we have a long way
- 7:48to go in the growth of Bitcoin and let's now take a look at
- 7:51some possible future valuations. Global hedge funds for example,
- 7:57they have around 2.3 million trillion dollars, excuse me,
- 8:00under management, a part of which is cash.
- 8:03So we can imagine they might diversify just 1% into Bitcoin.
- 8:07Should that happen, according to my calculations, the Bitcoin
- 8:10price should rise to over $1000. For one Bitcoin Argentina,
- 8:16there's about $50 billion worth of paper money circulating, and
- 8:21I do mean dollars. So greenbacks circulating in
- 8:24Argentina. Should the Argentines one day
- 8:26decide, or maybe overtime decide to switch that into Bitcoin,
- 8:31Bitcoin prices will rise to rise to over $2000 per Bitcoin Gold
- 8:36bugs. Gold is money, but Bitcoin is
- 8:38money too, and it has some interesting characteristics.
- 8:42So maybe in the future, people that own gold today might want
- 8:45to divest just 1% into Bitcoin, in which case weekly prices rise
- 8:50to over $3500 for a Bitcoin. And then if we've arrived there,
- 8:55I mean, why wouldn't it just keep continuing?
- 8:58I don't see why not because the more people get involved, the
- 9:00stronger the network becomes, the more entrepreneurs that are
- 9:03there to make things very easy so that even grandmothers can
- 9:06start using it, etcetera. So let's continue our possible
- 9:12projections. We know that the global shadow
- 9:15economy, for example, has a size of around $15 trillion.
- 9:18This is 2012. If we assume that the volume of
- 9:21Bitcoin today would rise to something equal to that of the
- 9:24shadow economy. So basically people would the
- 9:27black market would become a Bitcoin based or a
- 9:30cryptocurrency based black market.
- 9:31And if I assume then that the Bitcoin price would rise equally
- 9:34so which we can talk about whether that's a good idea, then
- 9:38Bitcoin prices would rise to around $160,000 for a Bitcoin.
- 9:44Should Bitcoin become actually become the new gold?
- 9:47People talk about Bitcoin like gold 2 point O the new gold.
- 9:51They actually use that phrase quite loosely these days.
- 9:56If if this really is the case, we know that there's around
- 9:59155,000 tons of above ground gold.
- 10:02These are the most conservative estimates I could find.
- 10:05The James Tirk estimates and multiply that with the gold
- 10:09price, total valuation is around $7.2 trillion.
- 10:14So if Bitcoin really does become the new gold one, Bitcoin should
- 10:17be worth around $340,000. I mean imagine the implication
- 10:22you own 3 bitcoins today and that makes you a millionaire.
- 10:26Tomorrow you own 3000 bitcoins and you're on your way to become
- 10:29a billionaire. I mean, so you can see the kind
- 10:31of risk reward ratio we are talking about.
- 10:34Hedge funds are allocating to Bitcoin.
- 10:37Check, Bitcoin is demonetizing gold, but it's still not the
- 10:41world reserve currency of the world.
- 10:43And that's fine. We've got a long time before
- 10:45that happens, but that still doesn't mean it's not the
- 10:48greatest investment opportunity of this generation.
- 10:51He didn't predict that hundreds of companies like Micro Strategy
- 10:54will continue to buy Bitcoin on the daily in the weekly.
- 10:57He didn't predict that you'd be able to buy Bitcoin in products
- 11:00like I bet through ETFs. He probably didn't predict that
- 11:03howlers will continue to be stacking and not selling.
- 11:06Don't overcomplicate the trade. Get on the raft.
- 11:09Don't miss out on the greatest investment opportunity of this
- 11:12generation. This is Dante Cook with Bitcoin
- 11:14Simply Happy stacking. Oh, but before you go, don't
- 11:18forget you get an opportunity to hang out with the Bitcoin Simply
- 11:21team by coming down to Dallas, TX for the Mining Disrupt
- 11:24conference from November 11th through November 13th.
- 11:27Get 20% off your ticket by using the promo code Simply Bitcoin.
- 11:31You won't want to miss it. We're out.