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Fed JUST Admitted They BROKE The Markets!? | Bitcoin Simply · Simply Bitcoin

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  In an interview yesterday, Jerome Powell just admitted that
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  the Fed broke the financial system and unleashed volatility
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  onto the world. And we see the effects all
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  around us. Traditional stores in value like
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  real estate operate only in boom and bust cycles.
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  These days. GDP estimates can swing from
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  negative to plus 4.6% in just one quarter.
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  And this has created the opening for Bitcoin.
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  Like Pasco Siakam taking over the Knicks, Bitcoin is the
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  captain of Trap Fire. Now, Bitcoin adoption continues
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  to grow globally, and it's on its way to becoming a $450
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  trillion asset. We got a lot of news to cover
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  today. This is Dante Cook with Bitcoin.
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  Simply, let's go. I won't bury the lead.
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  Jerome Powell yesterday just dropped what we all know to be
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  true. the Fed is the reason for the problems that the world is
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  facing right now in finance. We are now at the end of the
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  Bretton Woods era. Ted.
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  Emerged from World War 2 as a global economic superpower.
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  The Bretton Woods Agreement placed the US and the Fed in a
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  central position in the global economy.
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  Our mission then, as it is now, was to serve the American
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  people, but it was clear at that moment that the Fed needed to
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  have better knowledge of global global developments to achieve
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  our dual mandate goals, a 1948 memo proposing to create the
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  division stated, quoting. Problems of international
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  economics and finance have become increasingly large,
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  complex and significant in recent years, and our foreign
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  economic relations will undoubtedly continue to give
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  rise to issues of the first magnitude, that rare economic
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  forecast that has turned out to be spot on 75 years later.
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  It remains critical that the Fed understand the policies and
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  practices of other governments and central banks and their
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  implications for the US economy and for financial markets.
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  Exchange rate policy, of course, is now firmly in the hands of
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  the US Treasury. However, the end of the Bretton
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  Woods era in the 1970s fundamentally changed the
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  conduct of monetary policy, as policymakers had to understand
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  the effects of potentially more volatile movements of the US
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  dollar on American families and businesses.
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  Understanding global trade and capital movements has only grown
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  in importance since 1950, as we saw during the pandemic.
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  People are finally starting to wake up to why things in markets
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  don't work anymore. I saw this article from Redfin.
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  People are trying to sell $700 billion worth of homes right
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  now. There's two main problems with
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  this. Nobody wants to buy them and
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  nobody can afford them. Bitcoin is just a better store
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  of value, and financial advisors are starting to wake up to this
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  reality. Well, we're seeing a lot of
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  advisors have started that educational journey around what
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  is Bitcoin and what is the role that it could play in
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  portfolios. And I think what's really
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  spurred this along is 2 things. One is their clients are asking
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  them about Bitcoin, particularly millennial clients who have been
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  digital asset native. And then secondly, in this
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  environment where you have more global uncertainty, there's more
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  interest in assets that behave differently from traditional
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  assets like gold and like Bitcoin.
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  The. Average investor holds just .3%
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  of their portfolio in Bitcoin and I think that number has a
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  long way to go. And it's not just for the
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  individual investor. This is for the country, $120
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  billion Asset manager. Van Eck just came on and said
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  that countries are starting to wake up to the realities of the
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  global debt cabal that they've been subject to with the IMF and
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  are now mining Bitcoin as a source of freedom and a way to
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  get out of their current financial struggles.
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  I think the biggest change is, again, the government shift and
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  let's move outside the US. The number of countries who are
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  mining Bitcoin at the central government level.
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  This was two countries in 2021, El Salvador overcame the third.
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  In 2024, we had three new countries join the club.
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  All of them have debt deals with the IMF.
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  So you start to scratch your head here, like what do they
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  have in common? They are tired of this never
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  ending cycle of debt that has been facilitated by the IMF.
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  This extend and pretend where countries lose their
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  sovereignty. So all three countries last
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  year, Kenya, Ethiopia, Argentina, who are now mining
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  Bitcoin, you know, with government resources, they had
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  IMF deals. Then look at the countries this
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  year. Pakistan, another country with
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  an IMF deal. But this right here, this is a
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  small press release, but this is one of the biggest signals in
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  Signpost that the world is moving towards a Bitcoin
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  standard. The largest bank in Russia just
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  launched one of the first global Bitcoin bonds.
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  This will allow Russian investors to experience the
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  upside price action of Bitcoin while also getting paid in
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  dollars, which is a more valuable currency versus the
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  ruble. It's a triple win.
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  Announcements like this are subtle, but they communicate
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  alpha and a lack of confidence that institutions and investors
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  globally have in the normal tratfi system.
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  Jordy Visser, in a great interview with Pomp, talks about
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  the implications of Bitcoin bonds and what it could mean for
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  other countries, the US government, and institutions
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  globally. But before we get to that, let's
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  control over the assets that you own well, they can get printed
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  at infinitum with no accountability.
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  your own assets is by removing them from third party exchanges.
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  traditional financial system that can also integrate back
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  Right, Jordy, I thought a great place to start this conversation
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  is the idea of a bit bond, this bond concept with Bitcoin
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  backing it. We now have the mayor of New
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  York City saying he is going to use this.
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  So this is no longer theory. It's no longer kind of academic,
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  you know, kind of pontificating. We now are saying there's a city
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  who's going to use a bit bond. What is a bit bond and do you
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  think these are a good idea? Well, first of all, I think
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  they're a great idea and that's not just from someone who
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  believes in Bitcoin. We have the merging of of two
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  systems. And so, you know, we've talked
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  extensively not only about what's going on, but I kind of
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  look at the world right now as the old Fiat economy that's very
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  industrialized, the digital economy, which is been growing
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  rapidly, doesn't need debt and then the payment side and using
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  this new capital structure of the new system.
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  So I've always viewed since the day that I kind of embraced
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  Bitcoin as not a currency in any way, shape or form for me, but
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  really as kind of the idea of the new capital structure.
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  And because you have these separate economies, you have an
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  enormous amount of capital that people want attached to Bitcoin.
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  Michael Saylor's obviously done this extensively.
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  So why shouldn't governments be doing it?
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  As someone who grew up in the financial markets, you're trying
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  to issue structures, whether they're bonds, whether they're
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  equities, whether doesn't really matter towards where the demand
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  is. So we've talked about how it's
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  been very difficult for people to sell private equity.
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  There's been IP, OS are just not coming through, M&A still slow,
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  but yet anyone that raises money for anything related to crypto
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  oversubscribed. And that's where the demand is.
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  And so the great thing about capital markets is you start
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  migrating towards where the demand is.
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  Now, the great thing about the bond is on the one side, New
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  York and the whole country has a problem.
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  They need to fund at lower interest rates to be able to
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  deal with the budget problems. And if people are willing to
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  take a lower coupon and get participation in Bitcoin as a
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  way to get higher returns and at the same point are guaranteed
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  their principal, there's going to be demand for that at this
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  point because Bitcoin has such a great track record.
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  And that's the part I, I, I don't.
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  Did you go to the Bitcoin conference?
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  You did not. You did not.
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  OK, So one of my favorite lines I saw Matt Siegel, who I've I've
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  known for a long time because he's another tratified person
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  that that went into this route. He wrote about Bitcoin is the
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  hurdle rate for innovation. That's kind of what bit bonds
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  are. At the end of the day, you're
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  incorporating the hurdle rate, which in this case the Bitcoin
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  returns. It doesn't mean in the future we
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  won't have the returns, but when you're using any kind of
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  structure, you're looking for demand people going, I want to
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  get involved, but you know what I kind of want to get involved
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  in in Bitcoin, but I want to have my principal protected.
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  So give me the chance of making 15%, but protect my principal.
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  So I think this is step one of eventually the United States
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  government figuring a way to do this and tapping the demand
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  that's out there. The New York, the United States
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  government, they all have a problem.
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  There's almost no equity left in all of the existing capital
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  structures. Meaning where's the additional
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  growth going to come from other than more printed money?
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  Manipulation of the money creates boom and bust cycles.
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  And the only people that are really benefiting from this are
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  people that already have assets or people who are traders, who
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  are scalpers. And this is rooting out the
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  middle class, people who want to just work hard, save their
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  money, and invest so that their kids and future generations can
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  have a better life than they did.
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  And the only asset class that's making this possible, not just
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  for US investors in the middle class, but for people globally,
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  is Bitcoin. And that's why people like Jack
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  Molars believe that Bitcoin is going to a $450 trillion asset
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  class. 900 trillion. Dollars Roundabout is the.
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  Worth of stuff that humans own. Equities, currencies, sovereign
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  debt, real estate, art, metals, collectibles, 900 trillion,
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  about half of that we've monetized.
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  So you own the art, not to put it on your wall and.
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  Consume so that your toddler can throw spaghetti on it and ruin
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  your fancy Van Gogh piece. But you're owning it because?
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  You're trying to store value. You own the real estate not
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  because you're living in it, because you're trying to store
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  value. You own the index of portfolio.
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  Stocks not because. You believe in leadership.
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  You understand the products. You believe in earnings per
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  share growth? But because you're trying to
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  store value. So that's about 400 to 5. $100
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  trillion of savings that humanity, there's a problem
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  there. This.
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  Capital is leaking, it's looking for a new home and so the way we
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  view ourselves is offering a transition into what we believe
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  is the answer, which is Bitcoin and giving fixed income, giving
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  the the equities markets worth 100.
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  And $50 trillion, by the way, in Apple and Amazon, these
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  companies are worth 1234 trillion. $150 trillion
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  globally, There's a. Big appetite.
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  For a new home through this regime change and so.
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  I think we're. Solving a noble problem for lots
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  of people. I mean, what do you say to the?
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  No coiner that. Has all their savings in a 401K?
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  Well, how about making sure that there's some Bitcoin?
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  Exposure in there is that a? Good noble deed to do.
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  I think so. And who are you to say that
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  they're not allowed to? So anyway, that's my opinion on
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  that. I think Wall Street has access
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  to Bitcoin just like the guy I met at the meetups 13 years ago.
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  Betting against Bitcoin now is like betting against the
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  Internet in 2000. It's a mature asset class with
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  16 years of history. Yet it's still misunderstood.
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  It's still too risky and still complex for the average
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  investor, but that doesn't mean that the people who just took a
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  little bit of risk, who had a little bit of conviction, who
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  watched shows like these liked and subscribe to channels like
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  these, understood the value that the Internet or Bitcoin is going
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  to have in the future financial system.
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  I hope you continue to get more and more confidence every day
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  and don't over complicate the trade.
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  One of the ways that you can continue to grow in your Bitcoin
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  journey is by meeting bit corners that you watch on shows
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  like this in real life. And one of the ways you can do
• 12:59
  that is by learning about Bitcoin mining at the largest
• 13:02
  Bitcoin mining Expo in the world, Mining disrupt #2 in
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  2025, which is happening in Dallas, TX from November 11th
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  through November 13th. Use the promo code Simply
• 13:13
  Bitcoin for 20% off. It was amazing getting to meet a
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  lot of you down at Mining Disrupt earlier this year and we
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  can't wait to meet you again. This is Dante Cook with Bitcoin.
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  Simply happy stacking.