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Will BlackRock’s Bitcoin ETF Fork Bitcoin’s Price?! | Simply Originals · Simply Bitcoin

• 0:00
  Now picture this Bitcoin split in 2.
• 0:03
  Not a fork of the network, a price fork.
• 0:05
  One approved Bitcoin wrapped in an ETF tracked and packaged for
• 0:10
  Wall Street, and another Bitcoin free self custody,
• 0:14
  unconfiscatable, living in cyberspace outside the reach of
• 0:18
  any government. It's not just a thought
• 0:20
  experiment, Samson Maus says. We could see it and if it
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  happens we might get 2 Bitcoin prices just like Argentina's
• 0:28
  official dollar rate versus is the black market blue dollar?
• 0:31
  We did about Bitcoin being split bifurcated into approved
• 0:36
  Bitcoin. The Bitcoin is in ETFs and in
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  funds versus free Bitcoin, which is the self custodied freely
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  circulating Bitcoin outside of the control of institutions.
• 0:49
  And I think that possibility is still there.
• 0:53
  We'll see how it plays out for sure, but I don't see Bitcoin
• 0:57
  possibly being captured because Bitcoin will always exist
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  outside the outside the system. Bitcoin within the system within
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  the financial system is an arbitrary construct.
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  But the natural state of Bitcoin is free flowing outside of
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  anyone's control and I don't think that will change.
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  At any time you might have a a good portion of Bitcoin locked
• 1:21
  up in ETFs and whatnot or in nation state treasuries, but you
• 1:25
  also have a good portion not in treasuries.
• 1:28
  So I don't see it as an existential risk.
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  There could be this separation in the future, but then you'll
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  just have two different prices for Bitcoin, just like Argentina
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  has two different prices for the dollar, the dollar blue, and
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  then the real, the official dollar rate.
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  ETF's, governments, corporate treasuries and exchanges already
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  hold nearly 1/3 of the known Bitcoin supply, and that number
• 1:51
  is growing. So what happens if Wall Street's
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  Bitcoin is 1 price in your bitcoins?
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  Another. We're breaking it down, then
• 1:58
  diving into the monster bullish signals this week.
• 2:01
  Price action, Sailor stacking again, Harvard stacking big, the
• 2:05
  feds next move, and Oh yeah, Trump's move to abolish the IRS.
• 2:15
  All right, let's start with the big one.
• 2:17
  Samson Mao says the institutionalization of Bitcoin,
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  ETFs, corporate treasury, sovereign buys could cause
• 2:24
  what's called an Argentine split.
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  That's what you get when you get an official market price and a
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  free market price. Argentina had it with the US
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  dollar. The official rate was cheaper.
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  The blue dollar was way more expensive because it was the
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  real rate in a free market. Now imagine Blackrock's I bit,
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  Fidelity's FBTC, micro strategies holdings, all
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  approved, custodied and controlled.
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  That's one price. Then there's your Bitcoin on
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  your hardware wallet, your multi cig outside the system.
• 2:55
  That's another price. And remember already by
• 2:58
  December, ETF's government's exchanges, strategy and
• 3:01
  treasuries already held nearly 1/3 of the known Bitcoin supply.
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  If that creeps up to 4050%, Wall Street has their pool and we
• 3:10
  have ours. This makes self custody even
• 3:13
  more valuable because the day those two prices diverge, you
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  don't want to be the one holding the approved paper claim on
• 3:20
  Bitcoin. And at the end of the day, with
• 3:22
  Bitcoin and self custody, everything is bullish for
• 3:25
  Bitcoin. The great Fiat exploitation will
• 3:28
  continue the. Strategy has shown us that there
• 3:31
  is a glitch in the matrix and you can get infinite money.
• 3:36
  Basically that's what it is. 0 interest loans are infinite
• 3:40
  money. So as more companies find these
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  kind of glitches, they'll they'll tap into them.
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  Metaplan it's another example it, it's partially regulatory
• 3:52
  based because buying spot is punitive.
• 3:56
  So people will just buy Metaplanet for exposure.
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  So I think there are different glitches in different regions
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  and jurisdictions that let companies tap into this money
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  glitch. And that is good for Bitcoin
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  because it accelerates hyper bitcoinization.
• 4:11
  It accelerates the global wealth is flowing into Bitcoin.
• 4:17
  Well, let's talk price. Bitcoin is sitting just under
• 4:20
  its all time high as of this recording, but it's already
• 4:23
  hitting new highs in the UK, Canada, Japan, Argentina,
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  Nigeria and more. And the bears, They're getting
• 4:29
  slaughtered. 333 million in shorts just got wiped AT125K.
• 4:35
  Another 14 billion get liquidated.
• 4:38
  That's a trap door to Valhalla. Oh, did you see Harvard's in?
• 4:42
  Yeah, the Harvard endowment just disclosed a $116 million
• 4:47
  position in Blackrock's I Bit, their fifth biggest holding
• 4:50
  bigger than Alphabet and NVIDIA. Brown University's in Emory's in
• 4:55
  Michigan's pension fund nearly tripled its Bitcoin ETF stack.
• 4:59
  Even Abu Dhabi's sovereign wealth fund is in Blackrock's I
• 5:03
  Bit is now the second largest holder of Bitcoin in the world,
• 5:06
  behind only Satoshi. And the ETFs are already holding
• 5:11
  more than 7% of all Bitcoin. This is hyper Bitcoin ization
• 5:16
  creeping in through the front door.
• 5:17
  It's happening at broad daylight.
• 5:19
  And Michael Saylor's at it again, $18 million more in
• 5:23
  Bitcoin added to the pile. Five years ago he started with
• 5:26
  250 million. Today, 628,791 BTC.
• 5:32
  That's almost 3% of all Bitcoin. And MicroStrategy stock is up
• 5:37
  2600% in those five years. And he's not slowing down.
• 5:41
  He said he's going to raise another 84 billion over the next
• 5:44
  two years to keep buying. Like he said, if you don't stop
• 5:48
  buying Bitcoin, you won't stop making money.
• 5:50
  And he also said this. On some of the other big news
• 5:54
  from today, a lot has certainly happened on this Friday, but one
• 5:57
  of those is what's going on in the gold market right now.
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  You have the Trump administration ruling that gold
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  bars will be subject to tariffs as well, these reciprocal
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  tariffs. So imports of gold will be
• 6:08
  tariffed and that's really sending shock waves through the
• 6:11
  gold ecosystem. Gold and Bitcoin are also often
• 6:15
  compared to one another of their Bitcoin, called digital gold for
• 6:18
  example. I wonder if you think this has
• 6:20
  any ripple effects, positive or negative for Bitcoin?
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  It it does, Bitcoin is digital gold.
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  It's going to accelerate the migration of capital from
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  physical gold to digital gold. You know, Bitcoin lives in
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  cyberspace. No tariffs in cyberspace.
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  The big appeal of Bitcoin is it's not physical.
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  It doesn't have weight. You can settle anywhere with
• 6:44
  anybody in a few minutes. And so gold has always been too
• 6:48
  heavy, too slow, you know, and you can't really ship it across
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  an ocean. And if you do, now you're
• 6:54
  getting tariffs. So I really think it just
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  reminds everybody why the digital version of gold is
• 7:00
  better than the than actual physical gold.
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  And, and I think it's going to catalyze a new wave of
• 7:06
  institutional adoption of Bitcoin.
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  All right, crypto is stateless. It's hard to tariff, Michael.
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  Have to leave it there. Really enjoyed speaking with
• 7:14
  you, though. That is Strategy executive
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  chairman Michael Saylor. You can't tariff digital corn.
• 7:19
  And now JP Morgan now says the Fed will cut rates in September
• 7:23
  and four more times this year. Markets have almost 90% odds of
• 7:28
  September cuts all. Right Fox News alert now as we
• 7:30
  take a look at the markets. With just a couple hours left in
• 7:34
  trading, the Dow is up 223 points.
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  This says JP Morgan is now forecasting an interest rate cut
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  in September and four more by the end of the year.
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  OK, So markets are taking all of this in.
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  In the meantime, Charles Payne is here to make sense of this.
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  Charles Payne of making money because people are looking to
• 7:54
  make money in this environment. And it seems even though we ran
• 7:58
  our very unscientific poll on our our show Twitter account,
• 8:03
  what is most concerning to you right now?
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  Is it prices? Is it employment?
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  The overwhelming majority said it's interest rates coming down.
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  So do you believe that this is the case, that we're going to
• 8:15
  see several cuts by the end? Of the year.
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  Everything changed on a Friday morning at 8:30 when those job
• 8:19
  numbers came down and those revisions came down because
• 8:22
  right at that point the consensus was September.
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  There's maybe a 4030% chance of a rate cut.
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  Overwhelmingly, everyone sees that.
• 8:29
  Now, you talk about four, that means there's going to be at
• 8:31
  least 150 basis point cut. That starts to add a sense of
• 8:34
  urgency. That really tells you, by the
• 8:36
  way, if the Fed has to do that, that will really be so damning
• 8:40
  for Jay Powell, you know, because it his position, anytime
• 8:44
  you have to do more than 25 basis points, it means that
• 8:46
  they're behind, right? It was sort of cement the notion
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  that, yeah, Jay Powell was late yet again.
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  And to your point, why are there so many people care?
• 8:53
  This is this is what makes me so angry with the Federal Reserve.
• 8:57
  They always look at us as a whole nation, you know, small
• 9:00
  businesses, you know, we have to refinance under this, under
• 9:03
  these higher rates this year. Many can't do it.
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  They can't make payroll. So you have small businesses
• 9:08
  that are hurting. You have individuals that are
• 9:10
  hurting. We just got a couple days ago
• 9:12
  from the New York Fed delinquency rates, all of them
• 9:14
  are spiking. So it's one of these things that
• 9:17
  Main Street America needs it. Now you're seeing more evidence
• 9:19
  in the labor market, which is one of their key jobs, of
• 9:22
  course, for the Federal Reserve. And remember, Trump already
• 9:24
  unlocked retirement accounts for Bitcoin exposure.
• 9:27
  That's 1.2 trillion in capital that just got the green light.
• 9:31
  And the IRS, well, they appear to be on the chopping block.
• 9:34
  We're about to bring it home today.
• 9:35
  But before we do, look at our likes 3 or 4 times.
• 9:39
  Maybe I'll. Pump those numbers.
• 9:40
  Up. Those are rookie numbers in this
• 9:41
  racket. Hey, don't forget to like,
• 9:43
  subscribe and give us a PAMP while we take a moment to wreck.
• 9:46
  Recognize our sponsors powering this show over at the Bitcoin
• 9:49
  Way while the institutions keep stacking and the government
• 9:52
  might approve their Bitcoin. You know what's better than
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  approved? Free, Free from control, free
• 9:58
  from confiscation, and free from anyone telling you when you can
• 10:01
  spend, send, or anything for that matter.
• 10:04
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• 11:11
  Big finish time. And this one's wild.
• 11:13
  Trump installs Scott Besant as IRS commissioner same day Dan
• 11:18
  Scavino calls to abolish the IRS.
• 11:21
  And, you know, I was thinking back to things Lutnick had said,
• 11:24
  actions they've taken, hints that they've dropped.
• 11:27
  And my friends, the abolishment of the IRS is on the table.
• 11:31
  Think about it. Donald Trump announces the.
• 11:33
  External Revenue Service and his.
• 11:36
  Goal is very simple to abolish his.
• 11:39
  Goal is to. Abolish the.
• 11:40
  Internal. Revenue Service and.
• 11:42
  Let all the outsiders pay. Do you believe at some point in
• 11:45
  time we could find a way once the country's back on its feet
• 11:48
  and getting enough revenue and paid off?
• 11:50
  Our debt. Do you think it's possible to
• 11:52
  find a way to eliminate federal taxes?
• 11:54
  For there is a way. There is a way.
• 11:57
  I mean, if we, if what I'm planning comes out, it's a great
• 12:00
  question by the way. And yeah, I have a real shot.
• 12:06
  We're taking in tremendous amounts of money.
• 12:08
  The answer is, yeah, there's AI think there's a real shot.
• 12:12
  I actually say there's a shot at, you know, we have the
• 12:14
  Internal Revenue Service. We could use the external
• 12:17
  Revenue Service and we wouldn't even need the Internal Revenue
• 12:20
  Service. Can we reform taxes to eliminate
• 12:23
  the need to? File.
• 12:25
  Well, it's possible. You know, if the tariffs work
• 12:28
  out really well, you wouldn't need income tax.
• 12:30
  You know that if tariffs work out well, our country at its
• 12:34
  richest was during from 1870 to 1913.
• 12:38
  That was the richest and that was we were an all tariff nation
• 12:42
  and it's possible. We'll do.
• 12:43
  A complete tax cut, because I think the tariffs will be enough
• 12:46
  to cut. Scotty B is already on the
• 12:50
  record saying the US is going big on Bitcoin.
• 12:53
  Imagine cutting rates, nuking the IRS, and rolling out a
• 12:57
  strategic Bitcoin reserve all in the same year.
• 13:01
  We are going big on digital assets.
• 13:03
  So Trump administration has made digital assets for priority.
• 13:10
  Past administration starved and almost made extinct a lot of
• 13:14
  these companies and pushed it offshore.
• 13:17
  So what we want to do is apply the highest US regulatory and a
• 13:24
  AML standards to digital assets. Well, it is definitely not
• 13:29
  impossible. Look, Max Keiser says put your
• 13:32
  net worth in Bitcoin and we'll get World Peace.
• 13:35
  Robert Kiyosaki says bonds are a scam and bitcoins go into a
• 13:38
  million. And look around.
• 13:40
  Institutions are stampeding in, sailors stacking like a madman,
• 13:44
  and the Fed is about to flood the market with cheap money.
• 13:47
  We are watching the great migration of wealth from the
• 13:50
  Fiat system into the Bitcoin system.
• 13:52
  And if you want to see the future of Bitcoin in action, the
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• 14:18
  Oh and don't forget to use promo code simply Bitcoin for 20% off
• 14:22
  Arjun teen split or not, there's only one Bitcoin that matters.
• 14:25
  The one you control Wall Street can have their approved coins.
• 14:29
  We'll take the freedom. Hey hope you guys enjoyed this
• 14:32
  one. Don't forget to like subscribe
• 14:33
  and give us a pan by sharing the sound money gospel set those
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  notifications for the best in Bitcoin news delivered to you
• 14:39
  daily and let us know what you think of the Argentine split
• 14:42
  below and I'll catch you all next time love you guys if you.
• 14:46
  Prefer. To go down with the ship.