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New FOIA Request Reveals No Strategic Bitcoin Reserve?! | Simply Originals · Simply Bitcoin

• 0:00
  Did you vote for a strategic Bitcoin reserve and all you got
• 0:04
  was this dumb statue? Well I got bad news for you.
• 0:10
  Breaking a Freedom of Information request just
• 0:13
  revealed the US government has made 0 progress.
• 0:16
  Again, zero on creating a strategic Bitcoin reserve.
• 0:21
  WTF is going on over there? And if you think this is
• 0:25
  bearish, cry harder because nothing.
• 0:29
  Absolutely nothing. Stop this train.
• 0:33
  Bitcoin Reserve or not, Arthur Hayes just dropped a $3.4
• 0:36
  million price target by 2028. What does Hayes know that the
• 0:41
  rest of the world doesn't? You're about to find out.
• 0:44
  And get this, a major global bank is now predicting central
• 0:48
  banks will be holding Bitcoin on their balance sheets by 20-30.
• 0:52
  The future is orange. We got a lot to get to today.
• 0:55
  So all right, let's start with the big one.
• 1:02
  We've all been hearing the hype. Trump signed the order.
• 1:05
  The Treasury was supposed to coordinate agency reviews on a
• 1:09
  strategic Bitcoin reserve and transferring seized assets into
• 1:13
  a digital stockpile. April deadline came and went.
• 1:16
  And guess what this new Freedom of Information request says?
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  Quote, the Treasury does not have the reports.
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  Contact IRS Homeland Security or secrets service directly.
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  In other words, it's chaos. They were supposed to show their
• 1:31
  homework by April 5th and instead the dog ate it or Janet
• 1:36
  Yellen ate it. Who knows?
• 1:38
  This is either incompetence or a deliberate stall.
• 1:41
  Because remember we exposed months ago that the US Marshals
• 1:46
  only hold about 30,000 Bitcoin, not the 200,000 that people
• 1:50
  claimed or thought or was reportedly allegedly held,
• 1:54
  though there are some discrepancies there.
• 1:57
  Senator Lummus tried to brush it off his sales, but the truth is
• 2:00
  the US doesn't have what people think it has.
• 2:04
  So no strategic reserve yet. But here is the signal.
• 2:09
  If governments can't even manage paperwork, Bitcoin doesn't stop.
• 2:12
  And state ineptitude is an incredibly bullish for Bitcoin.
• 2:16
  Satoshi doesn't wait on bureaucracy.
• 2:19
  Now let's talk. Arthur Hayes, the Bit Max Co
• 2:22
  founder just dropped one of the spiciest essays of the year and
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  he didn't hold back. Hayes argues that Trump and his
• 2:29
  Treasury Secretary, Buffalo Bill Benson are about to put the Fed
• 2:33
  in a chokehold. We're talking 1940s style yield
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  curve control. The government caps bond yields,
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  forces the Fed to print trillions, and channels cheap
• 2:43
  credit into America's industrial base.
• 2:46
  Let's break it down. From 1942 to 1951, the Fed
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  literally kept short term rates under 1% and long term bonds at
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  2.5% so the government could finance World War 2.
• 2:58
  Hayes says Trump and Besant want to rerun that playbook.
• 3:02
  Only this time, it's not to defeat Hitler.
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  It's to defeat the debt monster and try to reindustrialize is
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  America. Here's the key.
• 3:10
  Hayes says small and medium banks can't lend right now
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  because the curve is too flat. You borrow short, lend long.
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  If that spread is gone, lending dies.
• 3:19
  But if Trump forces the curve steeper, boom, credit flows to
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  Main Street, not just Wall Street.
• 3:25
  To make it work, the Fed has to buy an infinite amount of
• 3:27
  Treasuries. That's money printing on
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  steroids. And and when you print, what
• 3:32
  happens? Dollar tanks, gold pumps and
• 3:35
  Bitcoin goes vertical. Hayes, even Dick's regime
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  change, wars to keep the military industrial complex
• 3:42
  humming, Venezuela, Middle East, you name it, he's basically
• 3:46
  saying inflation will be weaponized policy.
• 3:49
  And we're going to talk more about that tomorrow or Thursday.
• 3:52
  So stay tuned. You don't want to miss that one,
• 3:54
  but hey, let's continue. So he runs the math Between now
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  and 202815 trillion in new debt, the Fed buys half with printed
• 4:02
  money. Banks juice another 7 trillion
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  in credit. That's 15 plus trillion in new
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  liquidity slides into markets. He maps it to the covadier of
• 4:11
  Bitcoin multipliers and gets $3.4 million per coin by 2028.
• 4:17
  Now, is that exact number gospel?
• 4:20
  No, Hayes admits it himself. It's a mental circle jerk.
• 4:24
  But here's the thing. The model is less about
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  precision, more about direction. And the direction is crystal
• 4:30
  clear. Money printed?
• 4:31
  Go Burr. Bitcoin go up.
• 4:32
  The dollar gets sacrificed to keep the empire alive.
• 4:36
  Your purchasing power melts unless you're holding Bitcoin.
• 4:39
  And honestly, I don't think Hayes is far off.
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  Look what's already happening. Powell cuts Trump screaming for
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  2% rates. Moran inside the Fed Literally
• 4:49
  they arguing for steep cuts Congress begging to pump 4 O1 KS
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  full of Bitcoin. The pieces are falling into
• 4:56
  place a lot faster than a lot of people realize.
• 4:59
  So whether Hayes's $3.4 million target hits or not it doesn't
• 5:03
  matter what matters is he's showing you the road map.
• 5:06
  Every step screams Bitcoin wins. Next up, this one might shock
• 5:11
  you. Deutsche Bank just put out a
• 5:13
  report saying Bitcoin could sit on central bank balance sheets
• 5:17
  by 20-30. Think about it.
• 5:19
  The same institutions that demonized Bitcoin for over a
• 5:23
  decade are now comparing it to gold.
• 5:25
  Why? Because volatility is dropping,
• 5:28
  supply is fixed, institutions are stacking.
• 5:31
  Bitcoin looks too much like gold. 2 point O to ignore.
• 5:34
  They're basically saying hey governments, hedge with both.
• 5:37
  Don't replace gold and Bitcoin. The writing is on the wall.
• 5:43
  The BIS, the ECB, the IMF, they all know it.
• 5:47
  Central banks that don't stack SAT's will be left holding
• 5:52
  worthless paper. Now before we hit these three
• 5:55
  massive announcements coming today, look at our lights 3 or 4
• 5:59
  times. Maybe I'll pump those numbers
• 6:01
  up. Those are rookie numbers in this
• 6:02
  racket. Quick word from our sponsors
• 6:04
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  points off your first loan. Now today's circus.
• 6:55
  We got three big announcements. Trump is at the UN He's
• 6:59
  literally speaking as I was finishing the show today, but a
• 7:03
  lot of bitcoiners are watching they're wanting to know will
• 7:06
  there be any mention of a strategic reserve Will he drop
• 7:08
  it? Probably not.
• 7:10
  And then we have this pals at Providence today. the Fed chair
• 7:13
  speaks post rate cut. Hawkish or dovish.
• 7:16
  A dovish pal pumps Bitcoin and gold.
• 7:19
  And hawkish pal, well, he might get overruled by Trump's crew
• 7:23
  anyway. Then breaking Dennis Porter on
• 7:26
  spaces, teasing a massive announcement.
• 7:28
  Is this the strategic reserve act or clarity act momentum.
• 7:32
  Either way, a way to think I know what it might be.
• 7:35
  We'll clarify tomorrow, but it's bullish for Bitcoin politics in
• 7:39
  Washington. Or maybe a possible nothing
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  burger. Regardless guys today is stack
• 7:44
  your popcorn day and a couple quick hits before we close.
• 7:47
  Congress is pushing the SEC to allow Bitcoin in 401K's.
• 7:51
  That's 60 trillion of retirement money.
• 7:54
  Knock knock. Knocking on Satoshi's door.
• 7:57
  Maybe this is it. The White House expects the
• 7:59
  market structure bill to pass this year.
• 8:02
  Huge. Maybe.
• 8:03
  Maybe it's all a giant scam. This isn't though.
• 8:06
  The hash rate just spiked massively.
• 8:09
  Miners are front running nation state adoption or nation state
• 8:12
  is plugging. What do you think And did scar
• 8:15
  Moochie just say 500K is fair value today?
• 8:18
  He's might tell you Mooch is actually underselling it here.
• 8:22
  Check it out just. Have to ask yourself the
• 8:24
  following question and then there's a binary move after you
• 8:28
  answer the question, is Bitcoin an asset class?
• 8:33
  Is it an asset class? If the answer is yes, then I
• 8:36
  believe therefore it should trade to the mortgage
• 8:39
  capitalization of gold. It represents an asset class.
• 8:42
  That means that a portfolio consultant will go to a large
• 8:46
  scale institutional investor and say you need to allocate the
• 8:49
  gold, you need to allocate to Bitcoin.
• 8:52
  NVIDIA, Amazon, these others are investments, they're stock
• 8:58
  investments. If Bitcoin's not an asset class
• 9:02
  and it's a collectible, OK, whatever you want to call it,
• 9:06
  then where it's priced now is probably reasonably the fairly
• 9:09
  valued, meaning it's going to be in or near the MAG 7 in terms of
• 9:14
  its market capitalization. And so I've taken the position
• 9:18
  rightly or wrongly and I can back it up I think with a lot of
• 9:22
  color and a lot of commentary that it is an asset class and
• 9:26
  it's very unique in the following respect.
• 9:28
  It's a global asset. If you look at American
• 9:31
  companies or the S&P 500, yes, people around the world own
• 9:34
  them, but they're predominantly owned by Americans.
• 9:38
  Bitcoin is got amazing distribution in terms of its
• 9:42
  ownership around the world. So if you say to if you say to
• 9:45
  yourself, if 50 or 60% of the people that currently own
• 9:49
  Bitcoin believe it's an asset class, will they continue to buy
• 9:53
  Bitcoin? Will they continue to hold
• 9:54
  Bitcoin? Well they recommended as an
• 9:57
  allocation in portfolios. If that's the case then $200,000
• 10:01
  is too low for Bitcoin. Something like a half $1,000,000
• 10:04
  would be be there so before. We wrap grab those tickets to
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• 10:29
  All right fam, no strategic reserve no problem.
• 10:32
  Bitcoin is inevitable. Hayes is calling for 3.4 million
• 10:36
  Deutsche Bank says central banks will hold it.
• 10:38
  Congress wants it in your 4O1K and short Cray harder bears
• 10:42
  nothing stops this train. Hope you guys enjoyed this one.
• 10:45
  Don't forget to like subscribe and give us a Pam and set those
• 10:48
  notifications for the best in Bitcoin news delivered to you
• 10:51
  daily. Hey, I love you guys.
• 10:52
  Catch you tomorrow if you. Prefer to go down with the ship.
• 10:57
  You.