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Bitcoin is about to EXPLODE!? | Bitcoin Simply · Simply Bitcoin

• 0:00
  All right, y'all, we're officially in the most
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  depressing time of the year. There's 73 days to the NFL
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  returns, 106 days to the NHL returns and 120 for the NBA.
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  There's just absolutely nothing going on.
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  But that's not true for the markets.
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  It's getting wild out there. Just when you thought we might
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  have some peace in the Middle East, conflict is brewing again.
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  And the president had some choice words for Israel and
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  Iran. That have been fighting so long
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  and so hard. That they don't.
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  Know what the they're doing. Do you understand that?
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  As a parent, I can relate hearing the kids fighting
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  downstairs. Donald Trump came out the Oval
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  Office like me coming down the steps in the morning.
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  And there's not just the fight going on in the Middle East.
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  There's a fight happening at the Federal Reserve.
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  Fed Chair Broman is urging Jerome Powell to cut rates,
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  saying that inflation is well below the Feds inflation target.
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  And while things are looking bleak out there in trad fine
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  markets, things are all looking pretty bullish for Bitcoin.
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  Bitcoin bounced back from the threat of war like nothing
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  happened. Bitcoin Treasury companies are
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  taking flight and we have more like Pro Cap Financial raising a
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  billion dollars to buy Bitcoin despite everything going on out
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  there in the news. I'll walk you through why you
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  should be bullish on Bitcoin right now.
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  This is Dante Cook with Bitcoin. Simply, let's go.
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  I think it's a great question. I think all these geopolitical
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  issues highlight a theme we've been talking about for a decade,
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  the separation of money and state.
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  Back in the day, money was separate from the state.
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  It was hard assets like gold. We've had this era where
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  governments print money, They're printing a lot of it now.
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  And I think we are going back to people trying to store their
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  wealth in hard assets. Gold's great, gold's doing very
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  well, but digital gold, Bitcoin is also relevant for people's
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  portfolios and it it can't be undermined by policies, tariffs,
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  wars, it's you can't print more of it.
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  It has all those attributes of gold head.
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  With conflict rising in the Middle East, there seems to be
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  some part of the market that's starting to recognize that
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  Bitcoin is a safe haven. Like Dan Morehead said, we might
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  be finally seeing the separation between money and state.
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  So much so that the CME Group chairman was shocked to see the
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  resilience of Bitcoin in spite of all of the things going on in
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  the normal markets. The.
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  Rest of the people on Saturday were following the crypto market
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  also because that's a 20 47 market and the cash side, as you
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  just alluded to, Liz. So I was following it as well.
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  So watching it go from one O 3, one O 4 down to 9898 1/2
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  overnight and then coming bouncing back up today, it's
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  pretty resilient market and it's pretty wild the way the market.
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  Has traded. But in Tri fi markets things are
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  looking so good. The cracks are starting to show.
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  Literally it's so hot that the cracks are starting to form.
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  And this isn't sci-fi. We actually have flying cars.
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  No, but seriously, the dollar has less support than Isaiah
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  Hartenstein son's neck during the postgame interview. 43% of
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  central banks expect gold reserves to increase next year
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  and 73% expect their dollar reserves to go down, meaning
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  they don't trust the dollar. And this lack of confidence,
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  this lack of buyers for the dollar or for debt is causing
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  the Fed to become uneasy. And that's why Governor Bowman
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  thinks that we should cut rates as soon as July.
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  And the markets are signaling this too, as the odds for a rate
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  cut in the September FOMC meeting rose by 79%.
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  People inside the Fed aren't the only ones calling for rate cuts,
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  saying that Powell is sitting on his heels for too long.
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  Analysts from Wells Fargo and our very own Tom Lee are saying
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  the same thing whole. Belief that we're going to see
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  this inflation shock. I don't think it's really well
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  founded if you're looking at the data, if you look at what
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  companies. Are doing right?
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  Here right now and what you expect them to do inflation?
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  Is not going to be a. Problem.
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  I think, Tom, you agree with that, don't you?
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  I do, you know, one of the things that I think helps us if
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  you go to the May CPI report, core inflation was .13% month
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  over month. The goods component was in
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  deflation, which is affected by tariffs.
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  And then if you look at core, the two biggest contributors
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  were housing and auto insurance that was .14.
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  So outside of housing and auto insurance, we had deflation in
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  the May CPI report. I don't think tariffs are going
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  to cause housing prices to go up, nor is it going to cause
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  auto insurance. So to me, the Fed is, I think
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  shifting to looking at expected tariffs but not realizing the
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  real driver of inflation. 75% of inflation since 20/19 was
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  housing and auto insurance. Those are both actually starting
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  to cool. And for those of you out there
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  who don't know what the Fed is, this show is called Bitcoin
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  simply for a reason. Let me give you a good primer on
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  who the Fed is and what they actually do.
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  What about the? Federal Reserve.
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  What is it? And is it?
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  Can us the Federal Reserve is the central bank.
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  It's technically not even a part of the government.
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  It is it's the worst of the government and and the worst of
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  not the government right. So it was created by an act of
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  Congress in 1913. OK.
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  It's the treasurer. The head of the Federal Reserve
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  is appointed by the president. So it's in that sense, very much
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  a part of the government. However, it gets to maintain its
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  status as a private, independent company.
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  They print the money and then lend it to us.
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  So they charge us for using dollars.
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  Now they lend it out to what are called their member banks,
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  meaning all the big banks, so Schwab, Chase, Bank of America,
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  all these Fargo, Yes. So they lend it out to them.
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  And then those banks lend money to the rest of us at a much
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  higher interest rate than they got it for.
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  So all of the banks now are in the business essentially of
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  getting free money. They just get the money at low
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  interest and lend it out to us at higher interest.
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  It's a huge scheme. It's privately owned.
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  We don't even have real information on it.
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  There's never been a full audit of the Federal Reserve.
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  There was. Ron Paul was the only one in
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  Congress who was really pushing for an audit.
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  I think Thomas Massie also was but never got it done.
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  They're non federal, unelected, unregulated, audited, and they
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  make their money by creating wealth out of thin air while you
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  and I have to work for it. And This is why people Bitcoin,
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  This is why people like Hal Finney said that Bitcoin was
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  going to be $10 million a coin in 2009.
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  And I take a moment, I take a moment to go back to someone
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  that was bullish when none of us were here, when none of us had
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  this information. January 10th, 2009, the network
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  launched technically January 3rd, but it was kind of clicking
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  away by January 9th. And the next day, the next day,
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  a certain genius estimates that Bitcoin could be $10 million a
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  coin. And this is so humbling.
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  It took the rest of us 16 years, $2 trillion in order to come to
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  a conclusion that, yeah, this is going to happen.
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  Thank you, Hal. This is why the 8th largest
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  economy in the world in Texas is building their Bitcoin strategic
• 7:42
  reserve with a $10 million purchase of Bitcoin.
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  This is why companies like Similar Scientific are up over
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  40% after announcing A Bitcoiner to their executive team to run
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  their Bitcoin treasury. They're buying and not selling.
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  And This is why crypto companies like Digital Commodities are
• 7:58
  selling their XRP to buy Bitcoin.
• 8:00
  And This is why hardcore Bitcoiners all across the
• 8:03
  country have learned one thing, never sell your Bitcoin.
• 8:06
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• 8:09
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• 8:12
  Bitcoin stack. They've issued over $9 billion
• 8:14
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• 8:19
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• 8:33
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• 8:36
  letting dot AO slash simply, well, you get .25% off.
• 8:40
  We've got you hooked up. And another rule that hardcore
• 8:42
  bank corners out there understand is not your keys, not
• 8:44
  your coin. Well, one of the ways that you
• 8:46
  can finally understand how that works and to do it privately,
• 8:50
  safely, securely, confidently is by working with a coach, a coach
• 8:54
  at the bitcoinware.com. They'll walk you through step by
• 8:57
  step how to buy your first Bitcoin, but how to remove it,
• 9:00
  how to run your own node, how to have a hardware wall and the
• 9:03
  seed phrase. All of these things might be
• 9:05
  foreign to you, but not after you schedule a free 30 minute
• 9:08
  consultation with their team at the bitcoinway.com/simply
• 9:12
  Bitcoin. Back to the show.
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  There's a reason that people like Anthony Pompliano, who's
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  been one of the leaders in the Bitcoin space, are launching A
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  publicly traded company to buy $1 billion worth of Bitcoin in a
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  treasury. In Pro Cap Financial, they're
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  raising $750 million and $250 million in a convertible note.
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  And as Anthony Pompliano says, if you can't beat it.
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  Now the Pompariano sort of empire between the SPAC which
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  you're working on between this effort.
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  Between your media. Efforts be all How is it?
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  How are you going to devote yourself to these different
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  activities? Well, today we're announcing
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  what is the largest initial fundraise for a publicly traded
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  Bitcoin treasury company in history.
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  We've raised over $750 million. It's a billion dollar merger
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  with the Columbus Circle, A SPAC.
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  And the idea here is we want to really be successful in the
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  financial services sector. And so if you think about this
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  pro Cap SPAC that is a dollar denominated vehicle to go and do
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  an acquisition. The pro Cap Financial is the
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  exact same thing. It's a publicly traded company
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  where we can go and we can acquire Bitcoin.
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  And so I think that that is where my entire career has set.
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  I sit at the intersection between the Internet and the
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  Bitcoiners and the institutional world.
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  We've been very fortunate to have a lot of institutional
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  investors participate in this round.
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  But also I think that there there is a dollar denominated
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  world and there's a Bitcoin denominated world.
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  And what I want to do is continue to sit at the
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  intersection of that and provide ability not only for myself and
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  our shareholders operating that. These businesses I.
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  Mean are you? Are you the effectively the CEO?
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  Operating them or are. You going to have teams that are
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  doing this for. You.
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  How's this? Going to work some some of the
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  different vehicles. Obviously we will hire entire
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  dedicated teams in the private market.
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  That's what we've done. We own a lot of businesses.
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  We have you know CEO's and executive teams that run those
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  businesses. I will be the CEO of Pro Cap
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  Financial, which is the business combination with Columbus Circle
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  and what I believe is the opportunity there is you're able
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  to acquire Bitcoin, but then not only just acquire Bitcoin.
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  Buying Bitcoin and allowing it to go up in price obviously has
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  been a successful strategy. But I believe that the future of
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  these companies is going to be how do you build revenue and
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  profit the financial services on top of that.
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  No different than if you look at the traditional financial
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  services firms, they have a balance sheet of dollars and
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  they go and they build these financial services on top that
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  drive revenue and profit. I think that you still have to
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  build a business on top of a big pile of Bitcoin.
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  At the end of the day, we end up growing in our phases, in our
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  maturity in Bitcoin until we understand what Bitcoin's
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  actually about. People like Max Kaiser who've
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  been giving away 10s of thousands of Bitcoin since
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  Bitcoin was $0.25, well, he understands that Bitcoin is a
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  tool for hope and not for fear. Bitcoin is a.
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  Path to love Fiat money is a path to fear.
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  Everyone who's against Bitcoin is a.
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  Fearful, full of. Fear that there.
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  Will be something will be taken away from.
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  Them. That they'll lose power.
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  That they're understanding of how the world works might get
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  crushed. I know it may be risky, but this
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  might be the time to dive in, to start to learn, to educate
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  yourself, to subscribe to channels like these and take the
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  risk because that's where the smart money is going.
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  Billionaires like Ricardo Salinas are adding more and more
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  to their Bitcoin stack. Mainly because, you know, the
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  the authors of the fraud are the people in government and
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  positions of power and they're the number one beneficiaries of
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  all this money printing. Of course, the normal people are
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  the ones that lose their savings through inflation and
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  debasement. So yeah, Bitcoin is is here to
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  stay. I really don't care about its
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  price daily. You know, as a matter of fact,
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  it's funny because I heard in your intro, the billionaires who
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  buy happens to be that we're in a buying this precise week
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  unrelated to this war. But yeah, we've been increased
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  our our Bitcoin holdings considerably just in this past
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  week because I'm not going to be waiting to time the perfect
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  moment to get in. I just know what's going to
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  happen down the road and I don't want to miss out on that.
• 13:08
  And one of the bullish signals that you always see, even when
• 13:12
  bitcoins price dips is Bitcoin corners gathering in real life.
• 13:15
  And you can gather with hundreds of other bit corners from across
• 13:17
  the country at the Bitcoin mining Expo happening in Dallas,
• 13:20
  TX from November 11th through November 13th.
• 13:23
  Get 20% off your tickets by using the promo code simply
• 13:26
  Bitcoin. I hope you got value out of
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  today's show and you're able to decipher the alpha from all of
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  the noise happening out there in the markets.
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  It's pretty bullish for Bitcoin right now.
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  What do you think? Give me your ideas in the
• 13:36
  comments. This is Dante Coke with Bitcoin.
• 13:37
  Simply happy stacking.