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They Are Coming For Your Bitcoin (New 36% Tax?) | Bitcoin Simply · Simply Bitcoin

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  Capitalism in the world as we know it today is dying.
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  Ray Dalio wrote an article. The world order is officially
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  breaking down and it has almost 80 million views.
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  And he might be right. In the Netherlands, where the
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  stock market was first created in 1602, Dutch lawmakers have
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  approved a 36% tax on all crypto stocks and bond gains without
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  you selling them insane. The Congressional Budget
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  analysis just came out with estimates that the US debt will
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  reach $64 trillion by 2036. That's going at 2.4 trillion a
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  year over the next decade. And Logan Paul just made it
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  clear that money is officially broken.
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  He just sold his Pikachu card for 16 and a half million
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  dollars. We have now officially reached a
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  stage where money is broken and the world is moving into a world
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  that none of us could have imagined just even a few years
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  ago. But if that's true and the world
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  order is also breaking down, don't you want to move into a
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  money with no counterparty? Bitcoin has no top because the
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  debasement of Fiat in the age of AI has no bottom.
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  In a world where robots are more agile and athletic than humans,
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  you don't think they're going to displace jobs?
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  You don't think governments are going to be implementing tools
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  to tax their citizens like the Netherlands?
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  You don't think that there's going to be universal basic
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  income? You don't think that they're not
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  going to need to print money to solve these societal problems?
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  We're going to talk about the role of Bitcoin in the changing
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  world order and in the world of AI.
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  And we're going to talk about something that isn't priced, AI
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  actually bidding up the price of Bitcoin.
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  This is Dante Coco Bitcoin. Simply, let's go.
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  So Logan Paul Logan. You get.
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  It Ken Golden, tonight you sold the PSA 10 Pikachu Illustrator
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  card for $16,492,000. On behalf of Guinness World
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  Records, I can now confirm you have achieved a new record title
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  for the not only for the most expensive Pokémon card ever sold
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  at auction, but also the overall record for the most expensive
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  trading card ever sold at auction.
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  Oh. My God.
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  It's ironic that people are storing their money in their
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  value in trading cards right now, considering that the
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  trading card companies like Hasbro are being sued by their
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  shareholders for creating and printing too many cards.
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  And this is the problem that we all have with Fiat money.
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  You can print it endlessly devaluing the hard assets that
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  people are relying on as savings accounts.
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  Moving forward, as we move forward into this era of AI in
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  abundance, where AI is going to be everywhere, energy is going
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  to be abundant, jobs are going to be lost.
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  And we also have declining demographics in almost every
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  country around the world. People are underestimating the
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  shifts that this is going to have and the need for
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  governments around the world to print more money in the absence
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  of these job losses that are coming from the people that AI
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  is displacing. And as a result, people are
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  massively undervaluing Bitcoin. This conversation between Pierre
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  Diamanis and Elon Musk highlights exactly where we are
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  in this conversation about AI abundance in the need for hard
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  assets. Well, one like side
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  recommendation I have is like, don't worry about like
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  squirreling money away for retirement in like 10 or 20
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  years. One matter.
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  OK, either either we're not going to be here or.
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  It just like it's it's, it's you.
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  You won't need to save for retirement.
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  If and if any of the things that we've said are true, saving for
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  retirement will be irrelevant. The services Services will be
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  there to support you. You'll have the home, you'll
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  have the healthcare, you'll have the entertainment.
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  Yeah, the government's going to solve healthcare, housing and
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  all of these challenges, but at what cost?
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  The cost of your freedom? We're going to live in a place
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  like the Netherlands where when the value of the assets that you
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  hold valued in the currency that they print to oblivion goes up,
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  well, you're going to be taxed on the value of assets that you
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  haven't even sold. What kind of world is this?
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  We need some sort of assets, some sort of Ledger, some sort
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  of money tied and tethered to energy in the real world.
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  And as we move into this world of AI and digital abundance,
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  what kind of money will AI use? That being said, when we talk
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  about that intersection between cryptocurrencies and blockchain
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  technologies and AI, what does that look like and how does it
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  evolve? AI can't touch cash, so I'm
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  pretty sure that AI is going to be using some form of digital
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  asset. Cryptocurrency stable points
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  have emerged. It's a great way to do payments.
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  They're one to one back, but easily understood.
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  They run 365 days a year. So when you think about how AI
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  is going to interface with us when it comes to money, of
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  course it's going to be digital. At Pico, we're building
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  infrastructure to make it easier for robots to use wallets, have
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  wallets, and have those, of course, controlled by the folks
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  that are behind those AI bots as well.
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  This is just emerging now and it's going to grow.
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  It will be digital. It won't be gold.
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  Then it won't be cash. Bitcoin is the only scarcity in
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  an elastic AI world. Wouldn't you want to position
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  your portfolio for a world where robots are fighting with humans
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  to buy the only scarce asset left?
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  Something I hadn't considered, what we want the only thing that
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  will be considered as currency in the world of AI and energy.
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  Listen to these two clips from Elon where he talks about work
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  as energy and energy as currency.
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  Yeah, I think like I think the future currency will essentially
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  just be wattage. Yeah, I was thinking is it is it
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  is the ability of a person to control energy and compute or
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  just energy? I mean the two two translate.
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  Just like harness energy. Yeah, like so Or like basically
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  how much power is being turned into work of some kind, right?
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  Intelligence or matter manipulation, energy is the
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  real, is the true currency. This is why I said Bitcoin is
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  based on energy. You, you can't legislate energy.
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  You can't just, you know, pass a law and suddenly have a lot of
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  energy. You it's very difficult to to
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  generate energy, especially to harness energy in a, in a useful
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  way to do useful work. So, so I think that's probably,
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  probably we won't have money and probably we'll just have energy,
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  you know, power generation as the de facto currency.
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  This is why you can't be worried about pricing Bitcoin relative
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  to gold for the world that we're moving into the addressable
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  market for gold when comparing it to the addressable market for
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  Bitcoin moving forward in this digital world looks like Kevin
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  Durant's hand compared to Kawhi Leonard's.
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  Hugh Hendry lays this out in his latest article Bitcoin in the
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  Problem of Hardness, and although I don't agree with rug
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  pull Raoul Powell often, I agree with his premise that Bitcoin is
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  severely they're valued right now.
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  Bitcoin today should be at 160,000, so that's the discount
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  we are to fair value according to liquidity.
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  So that was the feature of the year.
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  It was a technical year. Because of what happened, it
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  should have been a lot stronger finish to the year.
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  If Bitcoin is undervalued, well, you then you don't want to sell
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  it. You want to borrow in an asset
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  that is going down in value with an asset that's going up in
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  value. It's what people have done for
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  years with real estate. The price of the home goes up as
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  measured in dollars in the debt that you took it out in.
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  And you can do this same sort of strategy with a company like
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  letting, the leader in Bitcoin back loans, which allows you to
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  borrow against your Bitcoin without selling your Bitcoin.
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  Letting has issued over $10 billion worth of loans to 10s of
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  thousands of customers all across the world.
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  The process takes just two minutes to get started with an
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  application and Fiat is in your account in less than six hours.
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  It's because you either have the Bitcoin or you don't.
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  You post it in a wallet address that's posted publicly in the
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  dashboard. So you can always see that your
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  Bitcoin is not re hypothecated or lent out to other places.
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  You then can borrow up to 50% loan to value for 12.4% or .25%
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  off of that. If you go to learn dot Lennon
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  dot AO slash simply to get started.
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  Don't sell your Bitcoin. It's going up forever, Laura.
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  One of the ways you could be sovereign in this new world is
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  by not holding your Bitcoin on exchanges, by holding it
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  privately, holding your keys, and being sovereign over your
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  assets. Well, you can learn how to do
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  this the right way from the team at The Bitcoin Way.
• 8:20
  Members of their team will walk you through step by step how to
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  set up your first node, how to hold your own keys, how to
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  manage your Bitcoin, how to send a transaction, how to sign the
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  transaction. Schedule a free 30 minute
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  consultation with their team if you want to become truly
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  sovereign at the bitcoinway.com/simplybitcoin.
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  Can you consider Bitcoin to be an alternative savings account?
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  You can consider it to be like gold, where it's shown a track
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  record over 16 years of just going up.
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  It has its ups and downs and people say it's volatile, but
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  like if you look at the long range, if you go to your stocks
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  app and you look at all, you see the every four years, it does
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  the same thing. And it just consistently goes up
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  fairly predictably because it's math.
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  And I think companies have understood that.
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  And they're like, this is a hedge against the dollar.
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  I know the dollars I keep in the banker losing value, so instead
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  of having that, why don't I have Bitcoin that's gaining in value?
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  So right now, people are looking at Bitcoin the wrong way.
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  Jack Dorsey has it right. When you zoom out to all on your
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  stock ticker screen, you see that Bitcoin, yeah, dips, but it
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  continues to go up overtime because it's just math.
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  When you're pricing scarce energy into a scarce asset and
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  measured in an unlimited Fiat currency, well, the value of
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  that thing should continue to go up overtime.
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  I liken Bitcoin right now to this guy in the Winter Olympics.
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  My favorite clip maybe of all time from the Winter Olympics.
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  We're a little off balance right now, but we're going to stick
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  the landing and get right back on track.
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  Here we go. Into this middle section, side
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  by side and Paige skiing out of his line, not able to hold on
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  but Poroshima also. Skiing out of.
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  His line. Oh my goodness.
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  What is going? On here.
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  In the video. Oh, Oh my goodness.
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  And although I'm not a shareholder in MicroStrategy or
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  Strategy, I do admire what they do because I love that their
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  approach is not looking at Bitcoin in the price of Bitcoin
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  today. Their average price of Bitcoin
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  that they purchase is $76,000, but they believe that Bitcoin is
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  a multi 100,000 multi $1,000,000 asset over the next 10 to 20
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  years. So what does 76,000 matter today
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  or 68,000 which we're at currently?
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  Our business. We have been buying and holding
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  Bitcoin since the third quarter of 2020.
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  Every single quarter. We now have 713,502 Bitcoin with
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  the total acquisition cost of $54 billion and a $76,000
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  average Bitcoin purchase price. Recognizing now that Bitcoin's
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  below the average Bitcoin price, you might ask the question, what
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  does that mean? It really doesn't mean anything,
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  right? It doesn't mean that we have any
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  issues servicing our debt or paying the dividends on our
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  preferreds. We don't have any covenants or
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  triggers that say when Bitcoin price goes below our average
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  Bitcoin purchase price that anything has to occur other than
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  we continue with our strategy. Bitcoin is hard money for an AI
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  future sound money where there's nothing sound.
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  This coffee table was made out of Bitcoin get tough take a long
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  term approach and realize that the world order is changing
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  position your portfolio for an AI future with Bitcoin.
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  One of the ways that you could do that is by getting started
• 11:35
  with Bitcoin mining. A great way to dollar cost
• 11:37
  average into the Bitcoin network.
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  But instead of trying to figure out how do I buy machines, how
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  do I manage power? How do I repair them?
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  How do I keep them up? How do I set up this connection
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  to my wallet? Well, you can outsource that to
• 11:47
  SAS Mining. Members of their team will walk
• 11:49
  you through step by step, helping you to select the right
• 11:52
  Bitcoin mining machine, helping you to set up your wallet, and
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  then seamlessly running the process so that you get stats
• 11:58
  directly to your wallet. Use the QR code on the screen to
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  get started with Bitcoin mining today.
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  This is Dante Coke with Bitcoin. Simply happy stacking.