Latest / Simply Bitcoin / Bitcoin Did NOTHING This Year (That’s Insanely BULLISH) | Bitcoin Simply

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Bitcoin Did NOTHING This Year (That’s Insanely BULLISH) | Bitcoin Simply · Simply Bitcoin

• 0:00
  Yo, what's up everybody? This is Dante Cook, your host of
• 0:03
  Bitcoin Simply, and I wanted to not do a super produced video,
• 0:07
  but just go through the year, give you some of my thoughts and
• 0:10
  give you a breakdown of what I'm looking at going into 2026.
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  So the big thing for this year that we want to talk about is
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  obviously the flat price. Bitcoin has been down about 7 to
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  9% year to date. And honestly, it's been a bit
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  disappointing for many people. But when you zoom out and you
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  look at the larger picture of what Bitcoin has done over the
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  last 16 years, well, it's been the best performing asset in the
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  world 12 out of the last 16 years.
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  And it has an annualized growth, compounded annual growth rate of
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  121% when you zoom out to that far.
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  So when you're thinking about Bitcoin and you're looking at
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  the price of gold and silver, it's saying there's a silver
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  short squeeze. Remember that silver produced a
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  2 to 3% annual return for the last 20 years if you held
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  silver. So let's not go ahead and say
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  silver's been the best performing asset.
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  Let's not confuse short term price momentum for long term
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  investing wisdom. The same thing with gold.
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  There was long periods. Let's talk about 1990 through
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  2005 where gold did absolutely nothing.
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  So you have to look at are these assets having their time in the
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  sun because there's a commodity short squeeze, because it's a
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  risk offseason, because we have high interest rates with slow
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  growth around the world, with increasing debt from sovereign
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  wealth nations to individuals. Well, people want physical
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  things that they can hold, let alone, well, they say that they
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  can hold gold, but they're not actually physically holding
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  gold. They're holding an IU from some
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  exchange that says that they have the gold.
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  And that's exactly what we're seeing in the silver market
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  right now, specifically with Shanghai, specifically with the
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  gold market in Shanghai where they're actually allowing people
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  to take physical receipt of the gold that they have in storage.
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  This caused the gold price to move from the high threes to 46
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  to $4700 an ounce, which we see now.
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  And one of the things that I like, I'm not a Big Ben Cowen
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  fan, but he hits US on the nail right here when he says that we
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  don't want Bitcoin to trade like gold.
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  Because if Bitcoin traded like gold, a stable asset that grows
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  3 to 5% a year and sometimes has a 20% year, then nobody would be
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  interested in it Bitcoin. Has never traded like gold,
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  right? And a lot of people think it's
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  digital gold, but it's never traded like gold.
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  If it had traded like gold, no one would care about Bitcoin
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  right now because it would have been it hadn't done anything for
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  the last 15 years. You know, we don't want it to
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  trade like gold, right, because we're we're, we're more often in
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  risk on times than risk off. So it makes more sense to want
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  it to trade like a risk on asset, not like a risk off
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  asset. It's just that when you go, you
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  know, when you go into risk off times, certain things like gold
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  can rally for really long periods of time.
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  A lot of times the gold bull markets can last like 10 years.
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  You know, like this was a 10 year bull market from 2000 until
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  like 2011, and this was a 10 year bull market from 1970 until
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  1980. So gold's rallying probably just
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  because of all the macro uncertainty, all the mistakes
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  that you could perceive that the Federal Reserve is doing, the
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  fact that there's no fiscal responsibility at all, right?
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  Like everyone just wants to inflate our problems away, print
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  more money. It's going to likely cause the
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  bond vigilantes to to revolt at some point and send the long in
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  the yield curve higher. I think that look, when you're
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  in times of uncertainty, people want to buy real physical assets
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  and not they're, they're not as attracted to more dubious paper
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  assets or just more speculative things because they're things
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  are uncertain, you know, and the reality is, is gold's been
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  around forever. You know, the market for gold
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  has been around far longer than any other thing that we've
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  created, right? I mean, it's just the market for
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  it existed for a long time. Over a longer period of time, we
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  can look at the gold chart and see that it just goes up and to
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  the right, you know? I have 4 young kids and let me
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  tell you, there's volatility in my house all the time.
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  If there was no volatility, then these kids would not grow Arms,
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  bruises, scrapes, heads getting split open on the stairs That
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  happened last week. If they didn't have this sort of
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  volatility, then they would not grow and mature as people.
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  The same thing is true for asset classes.
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  They need a time to mature. They need new investors.
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  They need new products built around them and when I look at
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  Bitcoins flows, when you look at ibits year to date flows, I
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  think I bet was the 6th or 7th highest performing ticker in
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  terms of inflows or year to date increase inflows despite it
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  being down 9% year to date. So what does that tell me?
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  That tells me that people are not looking at Bitcoin as a
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  speculative trade or a speculative asset.
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  All of the other assets on this chart are in fact green.
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  And So what you have to understand is that this isn't a
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  move about speculation. This is a move of institutions
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  and the smart money is moving into Bitcoin.
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  We saw JB Vance, we saw Scott Bessett, we saw Donald Trump, we
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  saw Mike Selleck, we saw all of these people saying Bitcoin is
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  going to be the pillar and America is going to be the
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  crypto capital of the world. So you have to keep that in mind
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  when you're thinking about investing for the long term.
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  Is America going to be the leader in Internet?
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  Well, that's what Alan Greenspan said in the 1990s when he let
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  the economy run hot. Scott Besson just talked about
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  this and our need to re establish ourselves as an
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  industrial superpower. So Scott Besson is going to with
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  the power of the Fed and in May of 2026, through this
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  administration, they're going to implement a new Fed chair.
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  And when that happens, inflation is going to be the story of
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  2026. And when inflation happens, what
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  you need to understand is that you need assets that outpace
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  inflation. Silver commodities in general,
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  they are great predictors of inflation, but when the times of
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  inflation was happening in this country, well, the things that
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  you needed to buy were actually growing faster than the rate of
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  return that you received in those asset classes.
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  They typically catch up in short periods of time.
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  And So what you need to understand when you see Bitcoin
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  lagging behind gold and silver is not to panic.
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  It's to understand that when inflation actually does run,
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  when the Fed does print, which they have to print, you have to
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  understand that Bitcoin is going to be the most superior asset.
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  I don't care if people look at it as a risk on asset.
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  I want the fastest horse in the race.
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  The next thing that you have to understand is that this
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  administration has been taking steps in order to combat the
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  debt problem that we have. One of the things that they
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  could do is they could reflate gold.
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  One of the things that they are doing is that they're growing
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  the GDP. One of the things that they are
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  doing is that they're shrinking the deficit.
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  But the major thing that we need in this world, in this economy
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  is new assets that other countries don't have, which we
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  have a lead and head start on, which for us is infrastructure.
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  For us it is energy. For us, it is our Bitcoin
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  strategic reserve. Because if we inflate gold,
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  well, what advantage does that give us over China or other
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  countries that have just as much, if not more gold than us?
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  It doesn't give us a relative advantage.
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  That's what you have to think about and understand.
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  If the US government was going to reflate gold to 10,000 or
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  $20,000 an ounce, sorry, Luke Grimman, I don't think that
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  that's going to happen. What they need to do is create a
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  new asset class where they have a material advantage.
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  And right now that is AI, that is energy, that is
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  infrastructure. And right now from a strategic
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  reserve perspective, that is Bitcoin.
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  So that is where I think that they press the pedal and they
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  try to create a new sort of revenue stream for what they're
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  going to do. Scott Besson talks about
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  shrinking the deficit from 6% to 3 to 4%, and that's going to
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  happen through growth. Grow, grow, grow.
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  New assets, new money, new parts of the economy.
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  One of the other things that you have to think about in 2026,
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  when the Genius Act passes, what's going to happen is
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  they're going to be a major shift in capital flows out of
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  retirement assets and other vehicles, which account to about
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  $45 trillion. If you're looking at real
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  estate, you're looking at about $300 trillion into this $1.7
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  trillion asset class because they realize right now real
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  estate is in a pickle. Real estate is at a point where
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  new home buyers can't buy them. They can't afford it.
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  People who have 2% interest rates from COVID during that
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  time are not going to trade across for the same asset class
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  that they could have, even if they have equity in their
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  capital accounts. The other thing that's not going
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  to happen is boomers aren't going to move out of their
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  homes. And because if you've ever read
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  the fourth turning from near, how they are a little bit of a
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  selfish generation, no offense, boomers.
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  What the problem is, is they've actually earned most of their
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  income in their wealth, not through the growth of their
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  salaries or those other things. What because of the gap between
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  their expenses and what they were able to earn and save and
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  the growth in the stock market in the economy from 1980 when
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  interest rates were 19 to 18% down to the early 2000 and 10s
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  when they were at 0%. So anyone who owned assets
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  benefited materially in an outsides way.
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  And So what we're seeing is the hollowing out of the middle, the
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  the middle class in the economy. So what they're going to see,
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  what they're going to realize is that real estate isn't a viable
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  option for people to gain the American Dreamer to earn wealth.
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  They're also seeing that their retirement accounts are now
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  filled heavily indexed in stocks like NVIDIA or companies that
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  need to produce 200 times price to earnings in order to earn
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  back the return on that particular stock.
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  The MAG 7 dominates the flows in the returns in the stock market.
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  And so a lot of people, investor savvy investors are looking to
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  diversify out of those classes into other classes.
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  They also realize that bonds are not going to outpace inflation.
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  So you have this asset class that received 40% of a 6040%
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  portfolio that's now going to move into other asset classes.
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  And I think benefit Bitcoin is going to be a big beneficiary of
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  it. One of the major things you also
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  saw in 2025 was companies like MicroStrategy stamping Bitcoin,
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  treasury companies as a strategy being a legitimate thing.
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  They created 4 products, stretch, Stream, Stride, strife,
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  strike and have taken about $9 billion worth of inflows.
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  That is unprecedented in the history of creating new products
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  on Wall Street. And what you have to realize is
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  when the market understands that they can get great returns like
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  Yale, like insurance companies, like other people with
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  endowments that are looking for steady streams of returns when
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  they allocate out of bonds into other asset classes,
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  collaterally backed asset classes like Bitcoin, well,
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  that's going to be trillions of dollars in flows.
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  And so micro strategies already beating them to the punch.
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  They're giving them an equity, they're giving them a preferred
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  dividend strategy to invest into that thesis.
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  A lot of capital is going to flow there that otherwise would
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  have flown to bonds or other assets.
• 10:41
  I want to thank our sponsors this year letting they've
• 10:43
  supported this show. They've supported this.
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  I know we read these ads every single time, but they are truly
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  a great partner. They've been one of the people
• 10:51
  that have helped to make this show possible.
• 10:53
  We've grown almost doubled this year from 60 to 70 K at the
• 10:57
  beginning of the year to 115,000 subscribers.
• 11:00
  Thank you for riding along with the journey.
• 11:01
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• 12:00
  Bitcoin. You won't regret it.
• 12:02
  One of the major things that I'm looking for in 2026 is that
• 12:05
  Bitcoiners continue to be a people of resolve.
• 12:08
  They continue to be a people of conviction.
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  And one of the things that I created in 2025, like Bitcoiners
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  are truly some of the most amazing people that I've met in
• 12:16
  my life. I actually met a Bitcoiner who
• 12:18
  reached out to me and he said that there's a barrel out there
• 12:23
  of a 10 year. I can't say the name of the,
• 12:26
  the, the company, but it makes a certain gold type of bourbon
• 12:30
  that has a barrel out there that was commissioned for one of John
• 12:33
  Wayne's sons. It ended up on the secondary
• 12:35
  market and that's how we created this thing called Laura Bourbon.
• 12:38
  This is a 10 year bourbon that we created specifically for bit
• 12:42
  corners. We created the protocol series.
• 12:43
  It's super cool. We're going to commemorate some
• 12:45
  of the most amazing moments in Bitcoins history and we're going
• 12:49
  to stamp them with a proof of work type of juice that can't be
• 12:53
  faked. And this one is called Laura.
• 12:55
  It comes from Michael Saylor's moment with Laura Shin in
• 12:57
  January of 2021 saying if you have the superior asset, it's
• 13:00
  going up forever. Laura, one of the cool things
• 13:03
  about bourbon, as you see some people that drink it, you see
• 13:05
  some people that hold on to it forever.
• 13:07
  The same thing can be true for Bitcoin.
• 13:09
  You can huddle Bitcoin forever and not spend it because it's
• 13:13
  money and it grows in value. You can also spend it.
• 13:15
  You can spend your sats because they're going up in value
• 13:18
  relative to other things. And so you can drink it, you can
• 13:21
  hold on to it. It can be a commemorative thing
• 13:23
  and that's why we wanted to creative, we wanted to
• 13:25
  commemorate that moment. We wanted to say thank you to
• 13:27
  all the people in Bitcoin who make this such a special thing
• 13:30
  in a special place. And so there's 210 bottles.
• 13:33
  Sorry to the people that went on there.
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  We released 50 in the first batch and literally they sold
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  out in like 2 1/2 hours. I'm not making any money from
• 13:41
  this, but I wanted to do it as a cool project in line with
• 13:44
  another Bitcoiner who wanted to put something cool out into the
• 13:46
  world. And that just goes to speak to
• 13:47
  the Bitcoin community where people of conviction, we're not
• 13:51
  speculative traders, we're not people that are looking for the
• 13:54
  greatest spike in Bitcoin. You know, Bitcoin went to
• 13:56
  $112,000 on pizza day in May earlier this year and went to
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  126,000 in October. And people still continue to buy
• 14:04
  with conviction. And that's the thing about this
• 14:06
  community. It's not going to fade away.
• 14:09
  It's not going to go away easily.
• 14:10
  It's not going to be easily Co opted by Wall Street because
• 14:13
  we're going to call out and we're going to call the people
• 14:15
  who we elect and give responsibility to show the
• 14:18
  receipts for what we've given them the power for.
• 14:21
  That's what the big community, Bitcoin community is all about.
• 14:24
  It's not just number go up, it's freedom go up.
• 14:26
  It's a mindset shift. It's a change in how you think
• 14:28
  about the world and how you think about the future and
• 14:30
  storing value, saving more, not spending as much as you earn,
• 14:35
  thinking about future generations and not just what's
• 14:37
  in front of you. And that's what I'm excited for
• 14:40
  in 2026. Sure.
• 14:41
  We had a flat year, down 5%. Okay.
• 14:44
  Are you an investor or are you a trader?
• 14:46
  And I know what kind of person that I am.
• 14:48
  I know what kind of future that I want, and I know what kind of
• 14:51
  assets that I want to invest in that align with those beliefs in
• 14:54
  that behavior. So thank you for rocking with us
• 14:57
  in 2025. It's been such an amazing year
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  and I think 2026 is going to be an extraordinary year.
• 15:02
  And 1:00 that's going to be defined by inflation and the
• 15:05
  inflation trade. Look out for that when you come
• 15:08
  up. And one of the ways that I'm
• 15:09
  looking to get involved in Bitcoin, I personally haven't
• 15:11
  stacked sats through mining, but I will in 2026 as a tax
• 15:16
  advantage strategy where I can depreciate a state-of-the-art
• 15:18
  mining machine, earn sats while I sleep with no middle men
• 15:21
  through a company like SAS Mining.
• 15:23
  And I can depreciate the total value of the asset in the rig
• 15:27
  through Section 179 and other tax strategies and earn this
• 15:31
  Bitcoin while I sleep. So I'm going to be working with
• 15:34
  SAS Mining. Use the QR code if you want to
• 15:37
  get started as well. Thank you for rocking with us
• 15:39
  this year. Thank you for rocking with me.
• 15:41
  As always, this is Dante Coke with Bitcoin.
• 15:43
  Simply happy stacking.