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Did Jerome Powell Just Kick Off the Bitcoin Bull Run? | Bitcoin Simply · Simply Bitcoin

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  For the past several weeks Bitcoin has been crashing that
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  was until yesterday morning when Jerome Powell delivered a
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  landmark presentation at Jackson Hole that said the Fed might be
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  pivoting frameworks that the current conditions may warrant
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  interest rate cuts. Is this the moment right before
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  we smash through all time highs again today we're going to talk
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  about the implications of Jerome Powell's words and what it means
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  for bitcoins price going through the rest of 2025 and beyond.
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  The printer is coming. This is Dante Coke with Bitcoin.
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  Simply, let's go. In the near term, risks to
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  inflation are tilted to the upside and risks to employment
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  to the downside, A challenging situation when our goals are
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  intention like this. Our framework calls for us to
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  balance both sides of our dual mandate.
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  Our policy rate is now 100 basis points closer to neutral than it
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  was a year ago and the stability of the unemployment rate and
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  other labor market measures allows us to proceed carefully
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  as we consider changes to our policy stance.
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  Nonetheless, with policy and restrictive territory, the
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  baseline outlook and the shifting balance of risks may
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  warrant adjusting our policy stance.
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  When Jerome Powell made these comments, Bitcoin absolutely
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  exploded, going from 1-12 K to 116 K in a matter of minutes.
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  And it wasn't just Bitcoin, it was the entire market as the Dow
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  in the SP500 made or at all time highs and the VIX dropped over
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  12 percentage points. But if we review the tape,
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  nothing that he actually said was that remarkably favorable.
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  But still, Bitcoiners are going to take their WS whenever we get
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  them. Regardless.
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  Got to love Jameis Winston. Uncle Rome is between a rock and
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  a hard place. Employment risks are rising with
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  inflation numbers rising and payroll set to be revised down
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  between 35 and 50%. In fact, Goldman Sachs believes
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  that a million jobs are going to be revised this year on the
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  payroll number, which means the labor supply is softening.
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  And we're just now beginning to see the impact of the tariffs on
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  prices, which Jerome Powell indicated is flowing through the
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  majority of service goods and other essential goods that we
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  need that are calculated in the CPI that's somehow below 2%.
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  If he lowers rates, the things that were unaffordable for most
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  Americans these days, like homes, are now going to become
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  even more unaffordable. Private equity and commercial
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  lenders are going to offload all of their bad debt and all of
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  their bad companies that are stuck with paper valuations on
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  to hold Code Bros and Search Fund Bros graduating from
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  Harvard. Employers are going to have to
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  pay employees more and they're going to get squeezed even more
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  as their profits are eroding at a faster clip than we've ever
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  seen. But if he doesn't lower rates,
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  everything continues to stagnate.
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  That's what they call stagflation.
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  But if they do print well, things get out of control.
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  And this is just pointing out a simple fact that we all know and
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  especially if you subscribe to this channel, this system
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  doesn't work. I mean, take a look at this.
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  Stocks are at all time highs, home prices all time highs,
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  Bitcoin all time highs, gold all time high money supply all time
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  high national debt all time high the CPI inflation 4% since 2022%
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  above their actual target and the Fed is going to cut interest
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  rates. Make it make sense and this
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  that's why stable coins are even a thing in the 1st place.
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  People are talking about why do we need stable coins?
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  We already have payment system. It's because stable coins are a
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  mechanism through which the United States government can
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  fund their Fiat Ponzi. This is why senators like
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  Cynthia Lemus are saying the market structure bill is going
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  to get done this year. We'll go back to work in the
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  Senate on September 3rd. We are working market structure
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  with the goal of having it out of committee, out of the Senate
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  Banking Committee by the end of September.
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  And then the AG Committee, the Senate AG Committee hopefully
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  will work their part of it, the Commodity Futures Trading
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  Commission part of market structure through the month of
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  October. And we will have market
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  structure to the Presidents desk before the end of the year.
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  I hope it's before Thanksgiving. So that's that's our goal.
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  So we will have market structure done this year and.
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  And Preston Pish explains the dilemma that stablecoins solve
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  beautifully. They take all of their extra
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  coupon payments and sweep them into Bitcoin risk free.
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  They were tripping over themselves to pass the Genius
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  Act and you have to ask yourself why?
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  Why were these politicians tripping over themselves to get
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  this thing passed? And the answer is really simple.
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  They needed a buyer for all their debt.
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  And the buyer is, is the stablecoin issuers.
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  And it's, it's really kind of interesting to see how that all
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  really transpired and really kind of came to a head is, you
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  know, the government had to start issuing shorter and
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  shorter duration paper because there was no buyers for anything
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  that was long duration because there was so much inflation
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  risk. So they, they're down there like
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  issuing like one month money. And it's like, well, who's going
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  to buy all this one month money? Well, you know what the
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  stablecoin issuers literally like, they love that because
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  they can back everything. They can gobble up all this new
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  issuance. They don't have the inflation
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  risk that if they were buying 30 year paper, they don't want that
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  inflation risk because they don't know if it's going to be
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  fully backed right or they'd have to keep rolling it to, to
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  try to like manage that. But if it's really short
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  duration, it's actually perfect for them.
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  And then the really smart ones, what are they going to do with
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  all the coupons that they're receiving?
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  They're just going to sweep it into Bitcoin.
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  And then it's really backed, 'cause that thing's going up at
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  40 to 50% annualized. It's like extra over
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  collateralized. What I find so interesting with
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  all of this is you literally have BlackRock and all these
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  other banks that are playing a fractional reserve game.
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  They don't even have what they're issuing in the vault,
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  but yet you have a company that's fully collateralized with
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  extra Bitcoin in the vault and they're making more profit than
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  the ones that are playing the Ponzi game.
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  And they're getting the issue like literally from thin air and
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  they're making more money than them.
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  If that doesn't show you like the natural market forces that
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  nature's trying to heal itself, I don't know what does because
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  it's just it's miraculous to me that you can have something
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  that's over collateralized just whipping the pants off of the
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  ones that are literally cheating as if it's a total Ponzi scheme.
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  And this all points to the fact that the train doesn't stop.
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  It can't stop. The Fiat money system is sort of
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  like a shark. If it stops swimming, if it
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  stops creating debt, it dies. And that's why Bitcoiners
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  celebrate Infinity Day, which is just a simple symbol or a simple
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  formula, which means there's an infinite money supply going into
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  a fixed supply asset. And This is why Bitcoin is the
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  only opportunity out there right now.
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  Here's why. Smart investors like Bill Miller
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  believes that we're just getting started on Bitcoin becoming the
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  global reserve currency in the world that all excess capital
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  will flow into. I think Bitcoin is going to be
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  ultimately be one of the major, I mean the, the premier source
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  of collateral globally, replacing the dollar, replacing
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  every other reserve situation. If you think about the what
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  money's meant to do, it serves those, those roles so much
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  better. What you'll see over time, I
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  think you're going to see the volatility come down over.
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  Time and so I do believe that Jerome Powell's comments when
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  you combine them with the M2 growth, which is just going
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  absolutely bonkers not only in the US but globally right now
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  and you compare to where Bitcoin is relative to where it's been
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  and how it's priced in other cycles.
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  Well, it looks like this 110K range may be the new floor and
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  that all time highs, the 150K175K that other analysts and
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  people have predicted on this channel are actually around the
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  corner between now and the end of the year.
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  There's not a lot of negative catalysts out there for Bitcoin
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  because if the market gets bad for the real world and they do
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  in fact cut rates in print, well Bitcoin goes to the moon.
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  So if Bitcoin is going to the moon, and it is what people say
• 8:24
  it is, do you want to sell the best asset for an asset that is
• 8:27
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  And if Bitcoin is becoming the most valuable asset in the
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  world, well, it would make sense that you learn how to protect it
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  properly. We have all sorts of protections
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  for things that we deem valuable in our lives already.
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  bitcoinway.com/simply Bitcoin. Back to our show.
• 9:43
  Here's how people like Jack Muller's are thinking about
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  this. And I mean, he's got a pretty
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  good advantage point as the CEO of Strike and the New 21
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  Capital. How does Bitcoin play out
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  relative to the $500 trillion or $900 trillion of capital that is
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  being stored and used as a savings vehicle in other asset
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  classes already? I fundamentally believe Bitcoin
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  is the only opportunity in this marketplace and that will
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  continue to be proven out. The way that we conceptualize
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  Bitcoin at both companies is under a trillion dollars worth
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  of wealth and we're just trying to take it with us tomorrow.
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  To me that's Bitcoins opportunity to take because you
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  know, you really shouldn't own a basket of real estate, not to
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  live in, but to save in. That's not the point of that
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  market. Good.
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  And so to think of these other cryptos, you know, we don't get
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  distracted because if you were to give Ethereum credit that I
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  don't think it actually deserves and say, oh, it's actually
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  disrupting Apple or Amazon, I don't know, it's hard for me to
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  keep up with the narratives, but let's make that assumption.
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  That's a 2 to $3 trillion opportunity according to the
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  market today. So I, I do think that at a point
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  in cryptos journey and life cycle and story, it was
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  questionable if you could build a high margin, high growth cash
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  generating business on Bitcoin only.
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  And if there was the opportunity and the margins and the upside
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  to just focus on this one asset and see through what I think the
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  forest for the trees, which is this $500 trillion opportunity
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  in today's purchasing power terms.
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  And so I think that, you know, the market, we're starting to
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  prove that. And I would just encourage the
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  room to not equate Ethereum and Dogecoin and Bitcoin not only as
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  the same, but like remotely similar.
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  I think even if you give each of them the full benefit of the
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  doubt, one can solve half the world's problem and the other
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  might replace, I don't know, Amazon or something.
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  Yeah, the picture looks pretty good.
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  And here's the crazy thing. People like Alan Greenspan have
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  gotten it into people like Jerome Powell and other boomers
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  and other unelected leaders heads that we can't default as
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  the United States. If we create the currency, well,
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  we can just print more of it. There's no such thing as debt or
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  bad debt. Are U.S.
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  Treasury? Bonds still.
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  Safe to invest in? Very much so.
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  I think there's a This is not an issue of credit rating. the
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  United States can pay any debt it has because we can always
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  print money to do that. So there is 0 probability of
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  the. We all know that this isn't true
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  and that there's always consequences.
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  You reap and you sow, and we're reaping a whole lot of
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  destruction for future generations and people that are
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  coming after us as we continue to inflate the prices of asset
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  classes that we need to live in. Real estate is not a good
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  investment class only because of the fact that it's a utility
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  ability asset class. If Jerome Powell does in fact
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  lower rates, well, the people who are already hurting are
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  going to be hurting even more unless they have Bitcoin.
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  Bitcoin is able to take any excess liquidity or savings and
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  wrap it in a fixed supply savings technology that is
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  outside of the existing system that we don't need for utility
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  like to live in. I'm not going to give you
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  investment advice, but there's a great chart from Andre, the head
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  of research at Bitwise, where he shows your likelihood of having
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  a negative outcome depending upon how long you hold Bitcoin.
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  Let's take a look at the chart. If you hold Bitcoin for one day,
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  your chance of loss is 46.9% one week 44.3% one month 42.2% one
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  quarter 36.5% one year 23.5% three years .7% five years .2%
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  ten years 0. The simple investment advice
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  from this chart, and I'm not giving any investment advice.
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  It's just huddle. Hold the best asset and have a
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  long term horizon in perspective when you think about when and
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  how you're going to sell, which should be never.
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  Jerome Powell probably just signalled the floor for Bitcoins
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  price moving forward this year. We're going after a $500
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  trillion opportunity and we've got a long time to absorb more
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  assets in a system that is breaking right in front of our
• 13:45
  eyes. Keep it simple, don't
• 13:47
  overcomplicate the trade. One of the ways that you can
• 13:49
  continue to level up on your Bitcoin journey is by investing
• 13:52
  into your Bitcoin education. One of the best ways you can do
• 13:54
  that is by coming down and meeting bit corners in real
• 13:57
  life. And one of the best conferences
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  that are really fun to go to are the mining conferences, the
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  mining disrupt conference, in particular, the largest Bitcoin
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  mining Expo conference in the world, where you can see the
• 14:06
  makers, machines and people behind the infrastructure that
• 14:10
  runs the Bitcoin network. Get 20% off your ticket by using
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  the promo code simply Bitcoin. Hope you got some value out of
• 14:16
  today's episode. And if you do, please do like
• 14:19
  and share. And if you haven't already done
• 14:21
  so, subscribe. This is Dante Cook with Bitcoin.
• 14:24
  Simply happy stacking.