Latest / Simply Bitcoin / ALL MARKETS Are Breaking At Once. Here's Why Bitcoin Is Still Cheap! | Bitcoin Simply

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ALL MARKETS Are Breaking At Once. Here's Why Bitcoin Is Still Cheap! | Bitcoin Simply · Simply Bitcoin

• 0:00
  How bad does it have to get before the market realizes that
• 0:02
  these aren't just temporary problems, it's a global reset?
• 0:06
  Things aren't just bad, they're really bad.
• 0:09
  Israel just hit Iran's two biggest steel factories.
• 0:12
  Trump is threatening to bomb or obliterate electric plants, oil
• 0:17
  wells, and desalina tion plants if Iran doesn't strike a deal.
• 0:20
  Oil is ripping, bonds are bleeding, and Japan is importing
• 0:23
  inflation right through its energy bills.
• 0:26
  This is not a drill. And it's also not the end of the
• 0:28
  story because historically, more fear has created more
• 0:31
  opportunity. And I want to show you today,
• 0:33
  while although this setup is terrifying for the rest of the
• 0:36
  world, it's exactly the setup that you want because Bitcoin is
• 0:39
  still cheap. And I'm going to show you why.
• 0:41
  This is Dante Cook of Bitcoin. Simply, let's go.
• 0:47
  Let's just start with the craziest clip that you may ever
• 0:50
  see. You have to remember this is the
• 0:52
  leader, Jerome Powell of Global Policy and Interest Rates.
• 0:56
  What's clear is that our debt is growing much faster.
• 1:00
  The federal government debt is growing substantially faster
• 1:03
  than our economy, and that ratio is going up.
• 1:06
  And, you know, in the long run, that's kind of the definition of
• 1:09
  unsustainable. The level of the debt is not
• 1:12
  unsustainable, but the path is not sustainable.
• 1:15
  And so it's, it's really important that we get back to,
• 1:19
  we don't have to pay the debt down.
• 1:21
  We just need to, to, to have, you know, primary balance and,
• 1:25
  and begin to have the economy actually growing better, growing
• 1:29
  more quickly than the economy. It will, it will not end well if
• 1:33
  we don't do something fairly soon.
• 1:35
  This is not the Fed's job, of course.
• 1:38
  And I pretty much limit myself to those high level points which
• 1:42
  which essentially everyone ignores.
• 1:44
  Did you hear that? We're on an unsustainable path
• 1:47
  that will not end well if we don't do something soon.
• 1:50
  And to make matters worse, we've got a war going on.
• 1:53
  Israel just hit Iran's two largest steel factories, one of
• 1:56
  Iran's biggest non oil revenue sources.
• 1:58
  Iran produces 32,000,000 tons of steel every year.
• 2:01
  And those steel factories account for over 50% of that
• 2:04
  output. And then Trump basically comes
• 2:06
  out and says this, if you don't reach a deal, we're going to
• 2:08
  bomb every other piece of infrastructure that you count
• 2:11
  near dear to your economy. So let's not act like mainstream
• 2:14
  media acts like saying that things are calming down because
• 2:17
  they're having discussions. And if the Strait of Hormuz
• 2:20
  continues to stay closed for longer, well, things are going
• 2:23
  to get worse. As Lynn Alden says, who's much
• 2:25
  smarter than me, Each day the Strait of Hormuz remains closed
• 2:28
  is a growing global catastrophe that people are sleepwalking
• 2:30
  into. So yeah, this is the headline,
• 2:32
  Brent, above $115.00. But that's not the story.
• 2:36
  Here's all of the ripple effects that have happened since the war
• 2:38
  in Iran started. Heating oil up 77%, European
• 2:42
  natural gas up 71%, diesel up 44%, sulfur 43%, fertilizer 29%.
• 2:49
  This isn't just inflation of one or two things.
• 2:51
  This is going to cause total supply chain inflation.
• 2:54
  And if you want to know what happens when things get scary,
• 2:56
  watch Japan. The yen just hit its lowest
• 2:59
  level against the dollar in 21 months.
• 3:01
  And Japan as an example of what happens when things get really
• 3:03
  bad, when you become dependent on too many other countries
• 3:06
  because 87% of their energy is imported from other places. 70%
• 3:11
  of it close to the Strait of Hormuz and that's why you're
• 3:13
  seeing global bonds sell off in a huge way $4.7 billion in
• 3:18
  outflows that's the second largest on record only second to
• 3:21
  the great pandemic in 2020. The bond market needs help and
• 3:25
  so if Japan begins selling U.S. Treasuries, well, Lookout and
• 3:28
  everybody's always got something to say about Bitcoin.
• 3:31
  As if Bitcoin's the only thing selling off right now.
• 3:33
  Matter of fact, Bitcoin actually looks pretty good bouncing
• 3:36
  between 60 and 70 right now. You know what's beginning to
• 3:39
  flip? Well, things that are selling
• 3:40
  off that were once stores of values like gold.
• 3:43
  The Mac 7 is getting cooked this year.
• 3:45
  From Apple to Microsoft, they're all underperforming the S&P 500.
• 3:49
  But everybody seems to just focus on Bitcoin for whatever
• 3:52
  reason. But you know what I think when I
• 3:54
  see sell offs, more fear equals more opportunities.
• 3:57
  Here's a great chart from Charlie Bilello.
• 3:59
  When the VIX is sitting within 10% of its highs, well, you
• 4:02
  typically see five year returns forward of 85% or more.
• 4:07
  So when the world sees volatility, I think Bitcoin is
• 4:09
  still cheap. And don't just take it from me,
• 4:12
  take it from one of the greatest investors of all time, probably
• 4:15
  the greatest investor of all time, Warren Buffett, who says
• 4:17
  that during wars you shouldn't be holding cash.
• 4:20
  During every single war, cash has lost its value.
• 4:23
  You need to own assets. When people start to think,
• 4:26
  well, this could be the beginning of something really
• 4:28
  bad. It could be even a World War
• 4:30
  Three situation. It could be a return to the Cold
• 4:32
  War. Does any of that ever go through
• 4:35
  your mind? Well, if you tell me all of
• 4:37
  that's going to happen, I will still be buying the stock.
• 4:41
  You're going to invest your money in something over time.
• 4:44
  The one thing you could be quite sure of is if we went into some
• 4:47
  very major war, the value of money would go down.
• 4:50
  I mean, that, that's happened in virtually every war that I, that
• 4:53
  I, that I'm aware of. So the, the last thing you'd
• 4:57
  want to do is hold money during a war.
• 4:59
  And you might want to own a farm, you might want to own an
• 5:01
  apartment house, you might want to own securities.
• 5:04
  But I mean, during, during World War 2, you know, the stock
• 5:07
  market advanced and, and the stock market's going to advance
• 5:12
  over time. American businesses are going to
• 5:15
  be worth more money. Now, dollars are going to be
• 5:17
  worth less. So that money won't buy you
• 5:20
  quite as much, but you're you're going to be a lot better off
• 5:24
  owning productive assets over the next 50 years then you will
• 5:28
  be owning pieces of paper or I'm throwing bitcoins.
• 5:32
  He makes fun of Bitcoin in this clip, but he's been absolutely
• 5:35
  demolished by Bitcoin's returns since he posted that out loud.
• 5:38
  You want to preserve your purchasing power.
• 5:40
  You want to think about your monetary survival, not just
• 5:43
  during the war, but across decades.
• 5:45
  Because if the world is going to more debt, more shocks, more
• 5:47
  war, more interventions, you're going to want something that
• 5:49
  doesn't lose its economic energy and power.
• 5:52
  And that's exactly why Sailor believes in Bitcoin long term.
• 5:55
  He's thinking like an engineer. What's going to lose less
• 5:58
  purchasing power and less economic energy over time?
• 6:01
  The answer is Bitcoin. The fully diluted Bitcoin count
• 6:04
  was 21 million, and the significance of that is that
• 6:07
  means the inflation rate 0. But the inflation rate on gold
• 6:11
  is 2% and the fully diluted gold account is infinite because if I
• 6:16
  keep increasing the amount of gold by 2% a year, that's
• 6:20
  infinite amount of gold. If you, if you want to figure
• 6:24
  out practically how you value it, well, when you increase the
• 6:29
  supply of something by 2% a year, that means that you're
• 6:32
  doubling the supply every 36 years.
• 6:35
  That means the economic half life of your money is 36 years.
• 6:39
  That means the half life is 36 years.
• 6:42
  That means you're going to live 70 years.
• 6:44
  OK, well what's the half life of the inflation rate?
• 6:46
  0 Infinity. So what's your life expectancy?
• 6:51
  If you if the inflation rate is 0, your life expectancy is
• 6:55
  infinite. You're immortal.
• 6:56
  You're living for a billion trillion years.
• 6:57
  Like that idea 0 is a billion trillion years.
• 7:00
  You're a God. 2% is you're going to die.
• 7:05
  Half of you dies in 36 years, the other half dies in the next
• 7:08
  36 years. Maybe you make 100 years and
• 7:10
  you're pretty much done for, right?
• 7:12
  And so it's the difference between a mortal life of a human
• 7:16
  being versus economic immortality.
• 7:21
  We can dismiss it if we just think in the next 12 month time
• 7:24
  frame. But you know, if you're an
• 7:26
  engineer, it's like, well, what's the difference between
• 7:29
  you lose 2% of your energy every cycle versus you lose none of
• 7:32
  your energy every cycle? None of your energy, every cycle
• 7:36
  is perpetual motion. You last forever, 2% of your
• 7:38
  energy every cycle and you spend it 100 times.
• 7:40
  There's nothing left, right? You burn out the motor.
• 7:43
  OK, so I like the idea of gold, but digital gold is better and
• 7:47
  how much better? Infinitely better, right?
• 7:50
  Infinitely better. Quick pause, let's thank our
• 7:52
  sponsors. If you've been following this
• 7:54
  show for any amount of time, you know one of the things that we
• 7:56
  always sell is never sell your best asset for a worst asset.
• 7:59
  It's going to go up forever. Laura, never sell your Bitcoin.
• 8:02
  And you can do that by working with a vendor like Lenin, who
• 8:05
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• 8:09
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  Application just takes 2 minutes.
• 8:34
  And if you've been following along for any amount of time, we
• 8:37
  talk about not just number go up technology, but freedom go up
• 8:40
  technology. You never get that freedom
• 8:42
  unless you truly break free from the system.
• 8:44
  And you can't break free if you can't have the keys to unshackle
• 8:48
  your chains from the existing banking system.
• 8:50
  And one of the ways you can do that is by working with a leader
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  at The Bitcoin Way. Members of their team will help
• 8:55
  you unshackle from the banking system today and own your
• 8:58
  private keys, own your sovereignty, and own your
• 9:00
  future. Schedule a free 30 minute
• 9:02
  consultation with their team at the bitcoinway.com/partner/dante
• 9:06
  Dash Cook. The biggest thing that you need
• 9:08
  to optimize for during war isn't just number go up, it's
• 9:11
  survival. And that's why I love this clip
• 9:13
  from this conversation between Tucker Carlson and the CEO of
• 9:17
  Telegram, who's had hundreds of billions of Bitcoin in his
• 9:20
  account for years. But the number one thing he
• 9:22
  cares about is freedom. So for me, it was never about
• 9:25
  money, right. So I have a few $100 million in
• 9:30
  my bank account or in Bitcoin since 10 years ago and I don't
• 9:35
  do anything with it. I don't own any real estate jets
• 9:41
  or yachts. I don't think those this
• 9:45
  lifestyle is for me. I like to focus on what we're
• 9:48
  doing. With Telegram, you don't own
• 9:51
  anything like big assets, you don't.
• 9:54
  Own No. Big assets An island in Hawaii
• 9:57
  or no? No land, no real estate,
• 10:01
  nothing. Why?
• 10:03
  Because for me, my number one priority in life is my freedom.
• 10:07
  So when you see volatility, when you see the war going on,
• 10:10
  understand that Bitcoin is still cheap from a monetary
• 10:12
  perspective because as Jerome Powell says, we're on an
• 10:15
  unsustainable path. A path that leads to either
• 10:18
  recognizing that the system doesn't work and admitting it to
• 10:20
  everybody that they've been fooling people for years, or
• 10:23
  print more money, kick the can down the road.
• 10:25
  That's the more likely option. And when they do that, they're
• 10:28
  not just going to give away money for free.
• 10:30
  Something always has a cost attached to it, and that cost
• 10:34
  shouldn't just be evaluated on the monetary asset value that it
• 10:38
  has, but on the amount of freedom that it provides you
• 10:41
  when things hit the fan. And that's why we advocate for
• 10:44
  Bitcoin on the show. It's not just number go up
• 10:46
  technology, it's freedom go up technology.
• 10:48
  And so while the world is sleepwalking into a catastrophe,
• 10:51
  Bitcoin is still cheap for more than one reason.
• 10:53
  If you get value from this show, as always, subscribe.
• 10:56
  We're dropping new value, new fire every single day of the
• 10:59
  week. And if you haven't already
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  Use the QR code to get started. This is Dante Cook with Bitcoin.
• 11:22
  Simply happy stacking.