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The Big Print Is Coming & Bitcoin Will Still Fail You... | Bitcoin Simply · Simply Bitcoin

• 0:00
  One of the most concerning charts you'll ever see is this
• 0:02
  one. A physical barrel of oil is at
• 0:05
  141 dollars a barrel. Today we're going to show you a
• 0:08
  clip of an insider who tracked the price of oil at $173 a
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  barrel over the weekend. With energy prices at these
• 0:15
  levels, massive inflation prints are just around the corner.
• 0:18
  And so is the end game with the big print that we've been
• 0:21
  talking about for a long time. And although I have all the
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  faith in the world, in Bitcoin, I know that in the end it's
• 0:28
  going to fail me. And no, it's not because Google
• 0:30
  just released a theoretical paper about quantum.
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  Bitcoin will fail for one reason and one reason only.
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  And I'll give my honest thoughts on that today.
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  This is Dante Coco. Bitcoin.
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  Simply, let's go. I won't sugarcoat what's going
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  on. The war in Iran is ugly, and
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  it's getting even uglier. The energy crisis that we're
• 0:52
  seeing now is going to trickle its way into everything.
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  It just hasn't made its way fully into the prices of
• 0:57
  everyday goods that we normally buy just yet.
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  And the real reason is this. You can't print molecules.
• 1:03
  Jeff Curry of Carlisle writing this.
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  The cost of rebuilding and recovering from the Hormer's
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  shock will be enormous and underscores the regime change
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  towards physical assets. Jeff joins us now for more.
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  Jeff, welcome to the programme. It's always good to catch up
• 1:16
  with you, Sir. Fluid environment.
• 1:18
  So allow me to go through the headline of the last five or 10
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  minutes or so. One headline, one report coming
• 1:22
  from Iran that their energy assets have been struck.
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  Now I have limited information beyond that.
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  But Jeff, from your standpoint, in the week since we last spoke,
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  has this got worse or better? Worse, I like to call it
• 1:36
  molecular contagion. You know, last week we were
• 1:39
  talking about shortages in Singapore, you know, spices of
• 1:42
  jet fuel spiked to $230 a barrel.
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  This week, you know, it's in Rotterdam, Rotterdam's $220 a
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  barrel, Thailand, Philippines, New Zealand, Australia.
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  So this thing's going intercontinental.
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  And then, you know, so you look at Singapore, Rotterdam, the
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  spread, there's no more price spread, there's no more spare
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  barrels, there's no policy fix. And it's just physics at this
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  point. I think I want to emphasize
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  these are physical supply chains and that the idea of around
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  financialization and the ability to print money doesn't apply
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  here. And I think the title of that
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  piece says it all. You can't print molecules the.
• 2:16
  Contraction in stocks and home prices is showing us that the
• 2:19
  wealth destruction is just beginning.
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  People are going to start to realize that the system is just
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  propped up on the value of paper assets, and it's only sustained
• 2:27
  by the government's ability to manipulate the prices of those
• 2:30
  paper assets. This is fiscal dominance in a
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  nutshell. We run deficits on paper that we
• 2:36
  can't actually meet in the real world, so we print money to
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  satisfy the needs of the debt that needs to be repaid.
• 2:43
  And like Larry Leopard, This is why I believe with every bone in
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  my body, that the only way to survive the next big print is by
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  owning hard and real assets. Powell is bluffing.
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  He says we're going to get inflation back to 2%.
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  He says we haven't lost control even though he has and the
• 3:00
  market believes him because the forward swaps are at 275 for
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  five year inflation. It's bullshit, but people
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  believe him. When things start to break, he
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  will have to change his tune well before the inflation rate
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  2% and everyone's going to go uh huh, that's interesting.
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  He really has lost control. He cannot get inflation down.
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  All those guys have been talking about inflation is inevitable.
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  They are right. And then you're going to see
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  just an enormous movement of capital from other things into
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  our things. There's $450 trillion of Fiat
• 3:35
  shit in the world, cash, stocks and bonds, all of Bitcoin.
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  What does it say? 350 billion, 400 billion, So 450
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  trillion, you know, 400 billion of Bitcoin, let's call it 6 or 7
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  trillion of sound money, Bitcoin, gold, gold, stocks.
• 3:52
  OK, 450 trill of unsound money, bonds, cash and stocks.
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  When a quorum of the people come to the conclusion that they can
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  never stop printing and that it is inevitable that they will
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  have to continue to print, they are going to say please protect
• 4:09
  my assets in stuff that you cannot be printed.
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  All it takes, it doesn't take the whole 450 coming into
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  Bitcoin or gold for us to go way up in price.
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  Even if only 10% of it comes in, that's $45 trillion chasing 7.
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  How much does the value of our stuff have to go up?
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  You know, it's, it's true that in, in 1980 when gold was very
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  hot and very, you know, everyone thought inflation would go on
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  forever, right at the peak of that market before Volcker tamed
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  it. OK, in 1980, you know, gold
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  represented 20% of all financial assets, You know, at that time,
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  I mean, gold and Bitcoin today represent less than 1% of all
• 4:48
  financial assets. So there's plenty of upside here
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  in the sound money stuff if one assumes that they can never stop
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  printing. And I believe that, you know,
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  with every, you know, every bone in my body, I believe that.
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  And with every bone in my body, I believe that this is true.
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  But in the end, I believe that Bitcoin will fail, and it's a
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  reason that I don't think people with platforms like mine talk
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  about very often. And no, it's not quantum.
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  It's not from Neha's writing, which has almost no value in my
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  opinion. It's not because Cal Berkeley
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  and Caltech released an article about quantum and Google's paper
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  is honestly not worth my time. Why?
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  Let me just give you a simple argument.
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  If we have a worldwide shortage on energy resources, minerals,
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  compute chips because of war, and for AI, which is already
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  received trillions in investment in CapEx, do you think that the
• 5:37
  need for a quantum computer will supersede these shortages?
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  Do you think governments are going to stop funding their need
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  to build chips and missiles and defense capabilities just so
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  that they can build a quantum computer?
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  What about the need to increase real productivity versus a
• 5:50
  growing pile of debt? If you think that those things
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  are true, then you're not being realistic.
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  Also, if you actually read all of these papers, the real
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  constraint that comes is that these quantum computers only
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  exist in a world of Minecraft, a theoretical imaginary world
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  where you can do anything and anything can be made-up.
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  There are no physical limits in this theoretical world that
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  they're imagining. We're in a pretentious situation
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  with China right now in Taiwan, because Taiwan is the only place
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  in the world that has the capability to mass produce chips
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  that we need for things in everyday items, not even quantum
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  computers. And you know how long it took
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  Taiwan and TSMC to build this capability?
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  50 years. So how long do you think it will
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  take to manufacture a single chip that can manufacture
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  quantum States and coordinate those quantum states in open and
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  windows with thousands of other chips simultaneously
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  manipulating the atoms to do this compute within 10 minutes,
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  which is what you need to break a Bitcoin block and encryption.
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  What does that supply chain look like?
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  What does the energy, materials, knowledge, and IP to build that
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  sort of capability look like? But that's not the reason the
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  Bitcoin will fail. I'll tell you right after we
• 6:53
  thank our sponsors. If you know that Bitcoin is the
• 6:55
  supreme asset and it's going to continue to go up forever in
• 6:58
  light of the value of a decreasing value of Fiat
• 7:01
  currency, then you shouldn't sell that asset that you borrow
• 7:04
  against it and and pay back your liabilities in the currency that
• 7:08
  is getting weaker. And that's exactly what lead and
• 7:10
  lets everyday people do. This is something that used to
• 7:13
  only be available to institutions, but now you can do
• 7:15
  it by signing up at learn dot lead and dot AO slash.
• 7:18
  Simply what you do is you post your Bitcoin as collateral onto
• 7:22
  their platform. You then get Fiat in your
• 7:24
  account in less than six hours and an interest rate of 9.9 to
• 7:28
  11.49%. And you can repay this at any
• 7:31
  time. But what it allows you to do is
• 7:33
  to never sell your Bitcoin. There's no capital gains.
• 7:36
  There's no penalty for getting this Fiat.
• 7:38
  That's half of what you could get for a credit card, and you
• 7:42
  don't actually get a credit hit. You just borrow against your
• 7:44
  Bitcoin privately, safely between yourself.
• 7:47
  Go to learn dot leadin dot AO and fill out the application,
• 7:49
  which takes just two minutes to get started.
• 7:51
  I'm a believer because I'm a user of the product.
• 7:54
  Whenever I need to make a big purchase, well, I don't go to
• 7:58
  the credit markets because I don't believe in them.
• 8:00
  I use my Bitcoin as collateral. The other thing that I believe
• 8:03
  in is being prepared before it comes time that you need to be
• 8:07
  prepared. It's like an umbrella.
• 8:08
  It's better to have it and not need it than need it and not
• 8:11
  have it. And that knowledge that you need
• 8:13
  for becoming sovereign with your Bitcoin is something that you
• 8:15
  need to develop now. Don't do it on your own.
• 8:18
  Get a coach at the bitcoinway.com.
• 8:20
  Members of their team will walk you through how you and your
• 8:22
  family can be prepared for the best and the worst scenarios in
• 8:25
  Bitcoin. They're going to teach you how
• 8:27
  to manage it privately, safely, securely, so when stuff hits the
• 8:29
  fan, you're ready and you're prepared.
• 8:32
  Go to the Bitcoin Waycom partner, Dante Cook.
• 8:35
  From doing this show and being in Bitcoin so long, I get people
• 8:38
  that come out to me all the time. 1 cool thing happened this
• 8:40
  weekend at an AIA breakfast. A legend of the hardwood
• 8:43
  breakfast for the John Wooden Award, which is given to the
• 8:47
  coach that exemplifies their integrity, their character and
• 8:50
  their Christ like following in the NCA.
• 8:52
  There was a breakfast that they did and there were hundreds of
• 8:55
  people that got to come to this breakfast, top players in the
• 8:57
  NCA, NBA players, NBA greats. It's a cool event but at this
• 9:02
  event someone came up to me and stopped me.
• 9:04
  Who recognize me from this show in Bitcoin.
• 9:06
  And what I realize is the real reason that people do follow me
• 9:10
  in this content is because of authenticity.
• 9:12
  I give you the real of what I feel.
• 9:15
  I'm not doing this to get clicks.
• 9:16
  I'm not doing this to get likes. I'm doing this because I
• 9:18
  genuinely believe in the value of serving other people with
• 9:21
  information that I already know and that I've been fortunate and
• 9:24
  blessed enough to learn on my own.
• 9:25
  And let me give you the real of what I actually believe.
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  In the end, Bitcoin will fail because Bitcoin was never meant
• 9:31
  to save you in the 1st place. It never could.
• 9:34
  And instead of me waxing poetic about all of these things, the
• 9:38
  thing that's going on right now at the final Four in college
• 9:40
  basketball, the greatest time of the year with masters right
• 9:43
  around the corner, is these athletes get to get up and they
• 9:46
  get to share about who they are, why they do what they do.
• 9:49
  Here's a great clip from Coopete, which I think
• 9:51
  personifies me and my purpose for this show.
• 9:54
  And it's beyond just sharing information about Bitcoin
• 9:57
  without. Faith I'm nothing So, so, you
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  know, just I've been really faithful since a young child.
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  You know, my dad was a pastor, but you know, just something
• 10:06
  that, you know, it's really, really big for me.
• 10:08
  You know, I don't think, you know, basketball is really my
• 10:10
  purpose. I think, you know, being able
• 10:12
  to, you know, have this platform, you know, spread the
• 10:13
  gospel is really my, my purpose for sure.
• 10:17
  Without a doubt, this is the greatest time of year, not just
• 10:20
  because of the Easter holiday, but because the Masters is
• 10:23
  coming up. And with that, we get a day to
• 10:26
  just enjoy family, enjoy friends and to watch great content and
• 10:29
  behind the scenes of what these people actually feel and
• 10:32
  believe. And one of the leaders in golf
• 10:34
  right now, the number one player in the world, one of the
• 10:36
  greatest to ever do it. Scotty Schaeffler talks about
• 10:38
  his why and why he strives for excellence in golf.
• 10:41
  I think it always goes back to the why.
• 10:43
  So like, why there's nothing. I think that's something that
• 10:46
  always gets messed up with faith too, is it's like it's not a bad
• 10:49
  thing to pursue excellence. When I think about golf and
• 10:52
  like, why do I play golf? I play golf to glorify God.
• 10:55
  When I go out and practice, I'm glorifying God by going out and
• 10:58
  practicing. I want to get the most out of
• 11:01
  that time with my practice. It's not bad to have the desire
• 11:04
  to want to be really good at something.
• 11:05
  That's a good thing. It's just the why.
• 11:09
  It's like, do I want to be a really good golfer so that I can
• 11:11
  become famous, or do I want to become a really good golfer to
• 11:13
  glorify God? And so I think when you're
• 11:16
  looking at trying to become excellent, excellent at
• 11:18
  something, I think you always just got to.
• 11:20
  Go. When it comes down to this
• 11:21
  weekend, it's important for me to recognize that the root of
• 11:26
  all of what I believe in Christianity, and you don't have
• 11:28
  to believe in it, hinges on one singular moment, one particular
• 11:33
  event, and that is the resurrection of Jesus Christ,
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  which a lot of people debate and a lot of people believe it's not
• 11:38
  true. And it's all made-up and it was
• 11:39
  all fiction and it's all a bunch of things that people wrote from
• 11:42
  thousands of years ago that aren't actually true.
• 11:44
  But I do believe it. And like Terrace Reed, my goal
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  here is to serve. That is why I do this show fact
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  that. This is Easter weekend.
• 11:53
  How significant is that to you? And the fact that it What does
• 11:55
  the resurrection mean to? You yeah, well, that's a good
• 11:57
  question. I mean the resurrection, so the
• 11:59
  everything that's like the the staple of Christianity.
• 12:01
  So like without the resurrection, there is no
• 12:03
  Christian, there is no Jesus. So I feel like once you can show
• 12:06
  a lot of significant evidence for the resurrection, I mean it
• 12:09
  shows it shows a lot of the truth towards Christianity.
• 12:11
  So I feel like I just go through where I came from throughout my
• 12:14
  college career, how Jesus just literally changed my mind.
• 12:16
  Like he changed everything about me.
• 12:18
  And it's crazy looking back, like I saw my old team Michigan
• 12:21
  the other day and spoke to a couple of those guys.
• 12:23
  They're like, like we just seen each other just grow so much and
• 12:26
  just change. So it's just been a blessing
• 12:28
  just to see myself just like I said, grow through Jesus.
• 12:31
  I mean, he just like I said, wipe my eyes clean.
• 12:33
  My whole mind is different. The way I talk, we'll all act,
• 12:36
  change the way I treat other people.
• 12:37
  It's like more not to get, but more to serve.
• 12:40
  You know? I feel like I'm here here to
• 12:41
  really serve and serve others. So let me give you some final
• 12:45
  thoughts from another relevant topic and event.
• 12:47
  This quote comes from Victor Glover, who's the pilot of the
• 12:50
  Artemis 2 rocket that just launched into space.
• 12:53
  We need Jesus, whether we're on Earth or whether we're circling
• 12:56
  the moon. But why?
• 12:57
  As bitcoiners, let me give you this analogy.
• 13:00
  We fundamentally believe that running fiscal deficits is
• 13:02
  wrong. But why does debt need to be
• 13:04
  repaid at all? Why does justice and fairness
• 13:07
  matter? Why does truth matter?
• 13:09
  If you don't believe in these things, you don't believe in
• 13:11
  Bitcoin at all. But the fundamental reason why I
• 13:13
  think that these questions are important to you are and are
• 13:16
  important to all humans, is because there's something,
• 13:19
  someone that embedded this idea at our core, at the core of our
• 13:23
  belief system as humans. When we see war going on in
• 13:27
  Iran, when we see people being killed endlessly, we have this
• 13:30
  idea that this is wrong. But why?
• 13:33
  Because life matters and life is precious.
• 13:35
  If there wasn't a fundamental belief underneath of all of
• 13:38
  that, then life would be meaningless.
• 13:39
  You would never ask a question about what is happening to these
• 13:42
  people after they die. It's embedded to who you are and
• 13:46
  you've never been able to shake that question no matter how much
• 13:48
  Bitcoin that you have. Why did 11 of 12 of Jesus
• 13:51
  disciples all die a horrific death by martyr for what they
• 13:55
  believed in at the end? If he was a fake, a phony, a
• 13:58
  scam, or they were rug pulled like we say in the crypto world,
• 14:03
  then they would have just walked away.
• 14:04
  They would have just completely denied them.
• 14:06
  But at their core, they saw the truth face to face.
• 14:09
  They were met with something that even at one point they
• 14:11
  didn't believe themselves, but in the end they couldn't deny.
• 14:15
  That's what conviction looks like.
• 14:17
  That's what diamond hands looks like.
• 14:19
  That's what believing at your core actually looks like.
• 14:23
  So in the end, you can die with all the Bitcoin in the world,
• 14:25
  and though your future may be secure on a blockchain here on
• 14:28
  Earth, what happens after that? You might want to find the
• 14:31
  person who has the key to allow you to hop on the next immutable
• 14:34
  Ledger, my friend. Leave a note in the comments.
• 14:37
  I'm interested to hear what you all see and what you all
• 14:39
  believe. You don't have to believe what I
• 14:41
  believe, but I'm sharing my why behind what I do in this show.
• 14:44
  And I'm so thankful that I get to be real and authentic with
• 14:46
  people out there, that I have an impact on people out there in
• 14:49
  the real world. And I hope this is useful.
• 14:59
  Jesus Christ. Before we go, this show wouldn't
• 15:04
  be possible without our sponsors.
• 15:06
  This is how the team is supported.
• 15:07
  This is how people edit the videos.
• 15:09
  This is how we do what we do. The team at SAS Mining, they
• 15:13
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• 15:16
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  you find a machine, they maintain it, they keep it up,
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  they keep it repaired. Use the QR code to get started
• 15:35
  with SAS mining today. This is Dante Cook with Bitcoin.
• 15:38
  Simply happy stacking and happy Easter.