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The White House Is Buying Bitcoin | $150K Incoming! | Simply Originals · Simply Bitcoin

0:00
Whether you own Bitcoin or not, everyone has advanced notice of
0:03
what's coming. No excuses.
0:05
This is it. But I've said at nauseam, you
0:07
know, we do believe in accumulation, obviously in
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budget neutral ways as the President's outlined, but there
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are countless ways that we can engage in that will act on those
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that I can be most expeditiously implemented.
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And I think that, you know, people will be very pleased with
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the direction that we go and and we'll start moving on that in
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short order. But obviously in this report, if
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you read the first digital assets EO, we're tasked with
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creating a clear and robust regulatory framework.
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And so that's what we focus on here.
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We understand the importance of the strategic Bitcoin reserve.
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We're, you know, enormous fans of of Bitcoin in the Bitcoin
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community and we want to deliver for them as well.
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And I'm certain that we will. We're not in Kansas anymore,
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Toto. What are you doing?
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The White House just went orange and today we got confirmation of
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AUS Bitcoin strategic reserve and plans for America to
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literally stack sats. It's not just bullish, it's one
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of the most bullish Newsweek's in the history of Bitcoin.
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Welcome back. I'm Sophie filling in for Rustin
1:03
and I've always wanted to say this.
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Send it. Yup, you heard that right. the
1:12
US just admitted in an official report that they're looking to
1:15
acquire a lot more Bitcoin. They even quoted us plebs
1:19
directly. FN 496 baby stacking sats.
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We memed it into existence. This is like the Pentagon saying
1:27
huddle or the CIA tweeting number go up technology.
1:31
I'm so proud Bo Heinz just gave the entire Bitcoin community a
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Valentine. We're enormous fans grow, we
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know and we know. Y'all been stacking stats under
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the table. How?
1:42
Much Bitcoin does the federal government have?
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I can't discuss that right now. Give.
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Us a ballpark. I can't.
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Is it going to be there are there are several reasons in
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which we're we're not disclosing that at this time.
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There might be a time in which we do, but what I will say is,
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you know, we want as much as we can possibly get and that's what
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I continue to say and we're going to continue to work on
2:00
that. Treasury Secretary Scott Bessett
2:02
used to manage George Soros money.
2:05
Now he's tweeting crypto. Welcome home.
2:08
That's not a pivot, that's a prophecy.
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This afternoon I'm laying out my plan to ensure that the United.
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States will be the. Crypto.
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Capital of the planet. We are.
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Going big on digital assets, so. Trump administration has made.
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Digital assets a priority? With the passage of the genius
2:36
legislation last week. I I think that we could see
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several trillion dollars of demand.
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The strategic Bitcoin Reserve at this point has a lot more plot
2:51
development than a Christopher Nolan film.
2:53
We went from Bannet to Let's honor Hal Finney.
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Oh, and in other news, it looks like Nancy Pelosi is out here
3:00
looking like they found her unreported Bitcoin stash.
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Yeah, it it. Was but.
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Let me just read what he said. I'm sorry.
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That that we had some sort of technical issue.
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Nancy Pelosi became rich. Why do you have to read that?
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We're here to talk about the 60th anniversary of Medicaid.
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That's what I agreed to come to talk.
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Yeah, but I want. What that means in the election
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I? Wanted to give you.
3:18
A chance just. To respond, he.
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Accused you of. Insider trading What's your?
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Response to that. That's ridiculous.
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In fact, I very much support the stop the the trading of members
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of Congress. Not that I think anybody's doing
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anything wrong. If they are, they are prosecuted
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and they go to jail. But because of the confidence
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that it stills in the American people don't worry about this.
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But I have no concern about the obvious investments that had
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been made over time. I'm not into it.
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My husband is. But it isn't anything to do with
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anything insider. But the president has his own
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exposure. So he's always projecting.
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He's always projecting. And let's not give him any more
4:01
time on that, please. We're going forward here.
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And I'm very proud of my family. And while he might make fun of
4:09
us while somebody inspired by him breaks into our home and
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hits my head in a deadly fashion, hits my husband over
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the head, and he thinks that's a riot, I'd rather not go into
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some of my other complaints about him right now, rather to
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talk about the 60th anniversary of Medicaid.
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Ma'am link twice if the orange man is at the door.
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I like it conceptually. And, you know, Nancy Pelosi
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became rich by having inside information.
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She made a fortune with her husband and I I think that's
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disgraceful. So in that sense, I'd like it,
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but I'd have to really see the I'd have, you know, I studied
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these things very carefully and this just happened.
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So I'll take a look at it. But conceptually I like it.
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And what I do think is Nancy Pelosi should be investigated
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because what she has the highest return of anybody practically in
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the history of Wall Street, save a few.
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And how did that happen? It happened by she knows exactly
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what's going to happen, what's going to be announced.
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She buy stock and then the stock goes up after the announcements
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made and she ought to be investigated.
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JP Morgan Coinbase Bitcoin. That's like Gordon Gekko and
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Satoshi grabbing beers. You can now buy ETF shares with
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Bitcoin and redeem those shares back in real Bitcoin.
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No more cash settled clown world.
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This is physical. This is digital.
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This is Bitcoin takeover. What's the end game for you?
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Is it just to buy as much Bitcoin as you can and hold it
5:40
for as long as possible and never sell it?
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That's one of the goals, yes, But I think what it makes us
5:47
different than a lot of these other businesses is we plan to
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build Bitcoin products as well. I mean, the founding group is
5:52
Tethering. Myself, I founded in lead strike
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is one of the bigger Bitcoin financial services firms in the
5:57
world. Tether obviously is one of the
5:59
most impressive companies in the history of humanity, but
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specifically in building massive cash flows within the space.
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So Paulo and I, before we were CE OS, we were engineers.
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We built a lot of products. And so we plan to not only
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acquire as much Bitcoin as possible, raising capital and
6:13
all sorts of deep capital pools, but also build products, build
6:16
technology, build tools. I think when people eventually
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think of 21, it's are they a competitor to Coinbase?
6:21
Are they competitor to strategy for us?
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Why not both? We think we have that potential.
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Do you envision a future where Bitcoin treasury companies such
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as Strategy, Mara and you guys end up buying so much Bitcoin
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that there really isn't actually much left out there on the open
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market for people to trade? After all, it is a fixed number
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of bitcoins, so no more will be created once it reaches that
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number. Right.
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You know what's fascinating about the asset, and it's not
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intuitive because it's so rare, is that to your point, it is
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definitively scarce. So if everyone in the world
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wanted an iPhone, Apple could make more.
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If everyone in the world wanted a McDonald's cheeseburger,
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McDonald's could make more. The fact that Bitcoin cannot
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increase its supply means the new supply comes from the
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market. If you want more Bitcoin, you
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don't go to the Bitcoin factory to get one.
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You have to go up in price. Is there enough Bitcoin for me
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at 120,000? No, OK130140150.
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So I tell you what, there's always Bitcoin available, just
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depends on what you're willing to pay for it.
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And So what I think will happen is this price will continue to
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discover higher because Bitcoin is the scarcest thing.
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It's inelastic to the amount of demand that searches for it.
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So the amount of buying power that we're seeing from the
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capital markets, from the ETFs and potentially from nation
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states like the United States, I think they'll find the supply
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they're looking for. They're just going to have to go
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get it at a high. Mahler's has more energy than
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the Lightning network. The man saying 150K is coming in
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hot and that was before the feds dropped their orange papers.
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The point of Bitcoin just for the people who have it now to
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get wealthier and wealthier. The largest holders of Marathon,
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of you guys and of strategy convinced them that there is a
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use case beyond just buying and holding, that this is a useful
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technology. Well, I think the use case for
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Bitcoin from the highest level possible is I've created value
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and I want to keep it. That's it.
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I got a chuckle out of you. That's true.
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I got up out of bed. I sacrificed, I worked, I
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commuted, I did tasks, I created products, I created value for
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those around me. I want to keep that value.
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But but even though it's called a cryptocurrency, it's not used
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widespread as a currency. It's used as something that will
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accumulate or that people think will accumulate in value.
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Yes, I think the definitions of currency and money and how we
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think of medium of exchange, store of value, I think it gets
8:43
too complicated and sometimes Bitcoin is so simple that people
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don't believe it can be that simple.
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The reality is money is what you acquire in exchange for your
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effort, your time, your energy. It's our time and energy in
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abstracted form. And I exchange my work hours for
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it so that I can later get this stuff I need in my life.
9:00
I want to go to Whole Foods and get a steak.
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I want to go on vacation. I need to pay rent.
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That's what money's for, is to allow me to create value and
9:05
take it with me tomorrow. And that's the use case.
9:08
And today it's increasingly difficult to achieve that.
9:10
I can't save it in dollars. We all know that.
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OK, You're going to force me to understand Japanese central bank
9:15
monetary policy. You're going to force me to
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understand what tech stocks to pick?
9:18
No. How about something that's
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definitively scarce? No one can inflate.
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I can store for free. I can move cheaply.
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And that I I could put it in my brain.
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And that's the use and we all have that use case, nation,
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state, corporations, families, individuals.
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Simply put, I think everyone can find value in a technology that
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is open source and solve that for everybody.
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Forget Lambos, forget Gucci. Bitcoin is how you keep your
9:44
value. No middle men, no taxes, no
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unrealized dreams. OK, we're about to bring it home
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today and breakdown why sovereign Bitcoin game theory
9:53
has gone nuclear. But before we breakdown what
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happened to those poor, unfortunate nation states who
9:58
don't adopt Bitcoin, look at our likes.
10:00
Three or four times maybe I pump those numbers up.
10:02
Those are rookie numbers in this racket.
10:05
Don't forget to like and subscribe while we take a moment
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11:07
The states will disintegrate because states don't have any
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Bitcoin. So they will disintegrate and
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they will, they'll go to war with each other.
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I was speaking with a a gentleman last night from
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Pakistan and, you know, Pakistan and India recently got into a
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bit of a kerfuffle, a jet fight in the air.
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He was saying, well, you know, the Pakistani jets cost us like
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50 million and their jets cost 250 million and we shot down
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their jets and our bombs are 50 million.
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And I said, let me explain to you how a Bitcoiner sees this.
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A Bitcoiner looks at you two countries going into debt to buy
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weapons to kill each other, which you then have to pay for
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by printing more money or borrowing more money.
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That means my Bitcoin goes higher.
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So I mean, I could try to get you to buy Bitcoin and save you,
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but I'm conflicted, you know, because the more you kill each
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other, the more my Bitcoin is worth.
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So you know, I'm conflicted and you want me to help you, but you
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have to bottom out in the Fiat money world.
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You have to bottom out on warmongering.
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You have to bottom out on your religious nonsense, you know, to
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accept Bitcoin. If you're not going to, I don't
12:10
care because you're just going to print money to add into ad
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nauseam to Infinity. And it just means Bitcoin goes
12:17
to, it keeps going higher and higher.
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So, you know, we'll see that the solution is here for you.
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But if you don't want it, I don't care.
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Max said the quiet part out loud.
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The states that don't have Bitcoin will disintegrate and
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just until Texas and New Hampshire are smashed buying
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Bitcoin along with the Saudis, it.
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Is the most. Powerful force in the world
12:38
right now it's growing nearly. 60% it's it's.
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Become the 7th. And the 8th largest asset in the
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world is about to become the largest asset in the world in
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the next 48 months. The large largest asset in the.
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World in the next. 48 months. Saylor doesn't say things
12:52
lightly. When he says Bitcoin will be the
12:55
largest asset in the world, he means it'll vaporize gold, real
12:59
estate, and every broken treasury bond in its way.
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And in just roughly 46 months. Strap in.
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Pretty sure after yesterday we can confirm.
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As always, fuck your puts, fuck your calls.
13:11
Jay Powell has you by the balls. God bless my money printer.
13:16
Jay Powell has us by the balls. But hey, he's just upset that
13:19
they no longer hold any relevance.
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The Fed is stuck, and Powell looks like he's doing a Wordle
13:24
live when he's asked about inflation.
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What kind of economic data does the Fed need to see before
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you'll be ready to cut? I mean, do you need inflation
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back nearly to target? Are there other things in the
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pricing that you look for? Do you need to see weakening in
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the job market? What kind of things are you are
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you looking for? I mean, ultimately it's, it
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could be any, it could be any of those things, right.
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But but you know, if you saw that the risks to the two goals
13:54
were moving into balance, if they were fully in balance, that
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would imply that you should move toward a more more neutral
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stance of policy. This is this is the special
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situation we're in, which is we have two sided risk, risk to
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both of our goals. When we paused inflation was was
14:12
above target and the labor market was pretty good.
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So, so you know, that was a time when policy policy was
14:19
restrictive when we when we pause and to be restrictive is
14:22
to be to be supporting a return to our inflation target, right.
14:26
So as the two targets get back into balance, you would, you
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would think he'd move in, in, in a way closer to neutral and that
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the next, the next steps that we take are likely to be in that
14:36
direction. What will it take?
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You know, it'll just take, it'll be the totality of the evidence.
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As I mentioned, there's quite a lot of data coming in which
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before the next meeting will it be dispositive of that?
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I, you know, it's really hard to say.
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We don't make those decisions and right now.
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So we'll have to see. Well, I guess just in terms of
14:55
inflation though, for example, like Will some people would
14:59
point to if it remains only in goods and it doesn't bleed over
15:02
to services, then maybe that's evidence that the tariff effect
15:06
is going to be a temporary one time thing.
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Is that kind of thing affect your thinking or do you just
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need to see the number come down?
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I think closer to two, we'll look at everything.
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You know, it's as I mentioned, you know, a pretty reasonable
15:20
base case is that this will be a one time price increase and in
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the end we'll make sure that that's the case.
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We're we're just trying to do that efficiently.
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We're and efficiently means getting the timing right.
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So we don't, we don't again, if we go, if we cut rates too soon,
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maybe we didn't finish the job with inflation, there's history
15:38
is dotted with examples of that. If you cut too late, then maybe
15:42
you're doing unnecessary damage to the labor market.
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So we're trying to, we're trying to get that timing right and
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that's effectively what we're doing.
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They can't raise, they can't cut and Bitcoin is just chilling
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near all time high. Peter Schiff at this point has
15:55
called Bitcoin a bubble more times than the Fed has printed
15:58
billions. He's like the anti Oracle of
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Omaha. Every time he tweets Sailor buys
16:04
another billion. What a Chad.
16:05
Visa CEO says Bitcoin adoption looks like the e-commerce boom
16:10
in the 90s and this move by Visa is preparing them for the next
16:14
decade. The US is stacking jacks
16:17
stacking, Sailor is stacking. And if you're not bullish,
16:21
you're foolish. What the hell do you think this
16:24
is? You think this is tulips?
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You think this is a bubble? Think again, Buttercup.
16:30
Ladies and gentlemen, bubbles have 3 characteristics.
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They tend to be a single cycle boom than bust relatively short
16:38
in duration and crash back down to the baseline which is either
16:42
zero or the inflation adjusted place of where they were before
16:47
the boom. The Dutch Tulip mania was like
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this. So was the housing
16:51
bubblesowasthe.com bubble, and so was pretty much every other
16:55
bubble ever. So what about Bitcoin?
16:58
Well, Bitcoin it's actually hard to see the price cycles because
17:01
it's increased such radically in value over time.
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So we're going to use a logarithmic scale to look at
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what it looks like on a price cycle where you go from zero to
17:11
a dollar, then to $10 a hundred. It's called the logarithmic
17:14
scale, which is often used for assets with this level of
17:17
upside. So in the first price cycle,
17:19
Bitcoin went from about $0.05 up to $32 back to $2.00.
17:25
Now if we were having this debate in 2011, you could be
17:28
forgiven for believing it met two of the three criteria of a
17:31
bubble, except that it landed at a price that was 40 times as
17:36
high as the $0.05 that it started at.
17:38
What happened next? It didn't go to zero.
17:40
It went up to $1200, came back to 92, meeting now none of the
17:45
criteria of a bubble. Then what did it do?
17:48
Well, it zoomed up to $19,000, down to 3200, meeting once again
17:53
none of the criteria of a bubble. 35 times the previous
17:57
low price. Then it zoomed up to $69,000,
18:01
down to $15,000, once again meeting none of the criteria of
18:06
any historical bubble we have ever seen.
18:09
Bubbles look like the bottom left of this chart.
18:12
They do not look like the orange line.
18:15
So what does look like that orange line?
18:17
Well, it turns out every high value asset that has ever become
18:21
a trillion dollar industry or asset looks just like that on a
18:24
logarithmic chart. Apple, Amazon, Netflix, even
18:28
gold when you zoom out goes through the same pattern.
18:31
And all of these assets do it for the same reason.
18:34
The marketplace is trying to figure out how big of a deal is
18:37
this asset, how big of a deal is this industry, and what role
18:40
will this commodity, technology or company impact in the global
18:45
world? Bitcoins doing the same thing
18:48
for the very same reason, which is the opposite of how any
18:52
bubble in human history has ever behaved.
18:56
So why is it valuable? Well, for the first time in
18:59
human history, we have a borderless, predictable and
19:03
scarce monetary asset. So what do I mean borderless?
19:07
Because Bitcoin is decentralized.
19:09
It's not controlled by any country, company, or anybody.
19:13
And that means Bitcoin is not like Fiat currencies, which is
19:17
nothing but a bunch of fiefdoms all over the world.
19:20
And borderless because you don't have to have the government's
19:23
permission to cross the border with more than $10,000.
19:27
Bitcoin is a decentralized and borderless currency that is
19:31
valuable because the world has never had a universal worldwide
19:34
currency that worked like Bitcoin.
19:37
Bitcoin is also predictable, absolutely completely unlike the
19:41
Federal Reserve where even the experts get it wrong every time.
19:45
And having a money that is absolutely predictable is a very
19:49
valuable characteristic. Also, Bitcoin is scarce, truly
19:52
scarce. There will never be more than 21
19:55
million Bitcoin, ever. As opposed to Fiat, which is as
19:59
infinite as a politician's promises.
20:02
This is not a drill. This is not a test.
20:05
The Bitcoin strategic reserve is real.
20:08
The old system is cracking. You don't fix Bitcoin.
20:12
Bitcoin fixes you and my friends.
20:15
Before I sign off today, you don't want to miss Mining
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20:57
Hey, I hope you guys guys enjoyed this one.
20:59
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We love you guys. Ruston will be back on Monday
21:11
might have a special episode from Bitcoin Alaska.
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So stay tuned and keep your head on a swivel because we have tons
21:18
of content coming to you this week.
21:19
Catch you next time, peace. If you.
21:22
Prefer to go down with the ship.