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Billionaire Reveals How To 10X Your Money With Bitcoin | Bitcoin Simply · Simply Bitcoin

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  In an interview yesterday, Jerome Powell just admitted that
• 0:02
  the Fed broke the financial system and unleashed volatility
• 0:06
  onto the world. And we see the effects all
• 0:08
  around us. Traditional stores of value like
• 0:10
  real estate operate only in boom and bust cycles these days.
• 0:14
  GDP estimates can swing from negative to plus 4.6% in just
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  one quarter. And this has created the opening
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  for Bitcoin. Like Pasco Siakam taking over
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  the Knicks, Bitcoin is the captain of Trapfi.
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  Now, Bitcoin adoption continues to grow globally, and it's on
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  its way to becoming a $450 trillion asset.
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  We got a lot of news to cover today.
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  This is Dante Cook with Bitcoin. Simply, let's go.
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  I won't bury the lead. Jerome Powell yesterday just
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  dropped what we all know to be true. the Fed is the reason for
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  the problems that the world is facing right now in finance.
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  We are now at the end of the Bretton Woods era.
• 0:58
  Ted 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
• 1:19
  our dual mandate goals, a 1948 memo proposing to create the
• 1:25
  division stated, quoting. Problems of international
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  economics and finance have become increasingly large,
• 1:32
  complex and significant in recent years, and our foreign
• 1:35
  economic relations will undoubtedly continue to give
• 1:38
  rise to issues of the first magnitude, that rare economic
• 1:43
  forecast that has turned out to be spot on 75 years later.
• 1:47
  It remains critical that the Fed understand the policies and
• 1:51
  practices of other governments and central banks and their
• 1:54
  implications for the US economy and for financial markets.
• 1:58
  Exchange rate policy, of course, is now firmly in the hands of
• 2:02
  the US Treasury. However, the end of the Bretton
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  Woods era in the 1970s fundamentally changed the
• 2:09
  conduct of monetary policy, as policy makers had to understand
• 2:13
  the effects of potentially more volatile movements of the US
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  dollar on American families and businesses.
• 2:19
  Understanding global trade and capital movements has only grown
• 2:23
  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 they're clients are
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  asking them about Bitcoin, particularly millennial clients
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  who have been digital asset native.
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  And then secondly, in this environment where you have more
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  global uncertainty, there's more interest in assets that behave
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  differently from traditional assets like gold and like
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  Bitcoin, 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. Vanek just came on and said that
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  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.
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  This right here. This is a small press release,
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  but this is one of the biggest signals in Signpost that the
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  world is moving towards a Bitcoin standard.
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  The largest bank in Russia just launched one of the first global
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  Bitcoin bonds. This will allow Russian
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  investors to experience the upside price action of Bitcoin
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  while also getting paid in dollars, which is a more
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  valuable currency versus the ruble.
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  It's a triple win. Announcements like this are
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  subtle, but they communicate alpha and a lack of confidence
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  that institutions and investors globally have in the normal Trat
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  5 system. Jordy Visser, in a great
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  interview with Pomp, talks about the implications of Bitcoin
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  bonds and what it could mean for other countries, the US
• 5:10
  government, and institutions globally.
• 5:13
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  AO slash simply today, the end of the Bretton Woods era signal
• 6:13
  that not only do you not have control over the assets that you
• 6:16
  own well, they can get printed at infinitum with no
• 6:19
  accountability. One of the ways that you can
• 6:21
  have accountability over your own assets is by removing them
• 6:24
  from third party exchanges. Bitcoin is the only asset that
• 6:27
  operates outside of the traditional financial system
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  that can also integrate back into the financial system when
• 6:32
  you need it. One of the best ways to exercise
• 6:35
  your authority and your ability to control your money is by
• 6:38
  removing it from third party exchanges.
• 6:39
  Well, you can do that now with confidence by getting a coach at
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  the Bitcoin Way. Schedule a free 30 minute
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  consultation with their team at the bitcoinway.com/simply
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• 6:49
  the right way, all. Right, Jordy, I thought a great
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  place to start this conversation is the idea of a bit bond, this
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  bond concept with Bitcoin backing it.
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  We now have the mayor of New York City saying he is going to
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  use this. So this is no longer theory.
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  It's no longer kind of academic, you know, kind of pontificating.
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  We now are saying there's a city who's going to use a bit bond.
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  What is a bit bond and do you think these are a good idea?
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  Well, first of all, I think they're a great idea and that's
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  not just from someone who believes in Bitcoin.
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  We have the merging of of two systems.
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  And so, you know, we've talked extensively not only about
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  what's going on, but I kind of look at the world right now as
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  the old Fiat economy that's very industrialized, the digital
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  economy, which is been growing rapidly, doesn't need debt and
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  then the payment side and using this new capital structure of
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  the new system. So I've always viewed since the
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  day that I kind of embraced Bitcoin as not a currency in any
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  way, shape or form for me, but really as kind of the idea of
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  the new capital structure. And because you have these
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  separate economies, you have an enormous amount of capital that
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  people want attached to Bitcoin. Michael Saylor's obviously done
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  this extensively. So why shouldn't governments be
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  doing it? As someone who grew up in the
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  financial markets, you're trying to issue structures, whether
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  they're bonds, whether they're equities, whether doesn't really
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  matter towards where the demand is.
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  So we've talked about how it's been very difficult for people
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  to sell private equity. There's been IP, OS are just not
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  coming through, M&A still slow, but yet anyone that raises money
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  for anything related to crypto oversubscribed.
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  And that's where the demand is. And so the great thing about
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  capital markets is you start migrating towards where the
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  demand is. Now, the great thing about the
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  bond is on the one side, New York and the whole country has a
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  problem. They need to fund at lower
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  interest rates to be able to deal with the budget problems.
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  And if people are willing to take a lower coupon and get
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  participation in Bitcoin as a way to get higher returns and at
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  the same point are guaranteed their principal, there's going
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  to be demand for that at this point because Bitcoin has such a
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  great track record. And that's the part I I, I
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  don't. Did you go to the Bitcoin
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  conference? You did not.
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  You did not. OK, So one of my favorite lines
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  I saw Matt Siegel, who I've I've known for a long time because
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  he's another Tratify person that that went into this route.
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  He wrote about Bitcoin is the hurdle rate for innovation.
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  That's kind of what bit bonds are.
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  At the end of the day, you're incorporating the hurdle rate,
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  which in this case the Bitcoin returns.
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  It doesn't mean in the future we won't have the returns, But when
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  you're using any kind of structure, you're looking for
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  demand and people going. I want to get involved, but you
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  know what I kind of want to get involved in in Bitcoin, but I
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  want to have my principle protected.
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  So give me the chance of making 15%, but protect my principle.
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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 is the additional growth going to come
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  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 money
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  and invest so that their kids and future generations can have
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  a better life than they did. And the only asset class that's
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  making this possible, not just for US investors in the middle
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  class, but for people globally, is Bitcoin.
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  And that's why people like Jack Mallers believe that Bitcoin is
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  going to a $450 trillion asset class. $900 trillion roundabout
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  is the worth of stuff that humans own.
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  Equities, currencies, sovereign debt, real estate, art, metals,
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  collectibles. 900 trillion. About half of that we've
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  monetized. So you own the art, not to put
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  it on your wall and consume so that your toddler can throw
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  spaghetti on it and ruin your fancy Van Gogh piece.
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  But you're owning it because you're trying to store value.
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  You own the real estate, not because you're living in it,
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  because you're trying to store value.
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  You own the index of portfolio stocks not because you believe
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  in leadership, you understand the products, you believe in
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  earnings per share growth, but because you're trying to store
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  value. So that's about 400 to $500
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  trillion of savings. That humanity, there's a problem
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  there. This capital is leaking.
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  It's looking for a new home. And so the way we view ourselves
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  is offering a transition into what we believe is the answer,
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  which is Bitcoin and giving fixed income, giving the the
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  equities markets worth $150 trillion.
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  By the way, in Apple and Amazon, these companies are worth 1234
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  trillion, $150 trillion globally.
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  There's a big appetite for a new home through this regime change.
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  And so I think we're solving a noble problem for lots of
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  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 exposure in
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  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
• 12:31
  investor, but that doesn't mean that the people who just took a
• 12:35
  little bit of risk, who had a little bit of conviction, who
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  watch 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
• 12:53
  journey is by meeting bit corners that you watch on shows
• 12:57
  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
• 13:07
  2025, which is happening in Dallas, TX from November 11th
• 13:10
  through November 13th. You said promo code Simply
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  Bitcoin for 20% off. It was amazing getting to meet a
• 13:16
  lot of you down at Mining Disrupt earlier this year, and
• 13:19
  we can't wait to meet you again. This is Dante Cook with Bitcoin.
• 13:22
  Simply happy stacking.