Latest / Simply Bitcoin / Bitcoin Ownership is Changing FAST. Should You Be Worried? | Bitcoin Simply

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Bitcoin Ownership is Changing FAST. Should You Be Worried? | Bitcoin Simply · Simply Bitcoin

• 0:00
  Is the Bitcoin freedom revolution over Individual
• 0:03
  Bitcoin ownership peaked in 2024, and it's falling fast.
• 0:06
  Data shows that the majority of Bitcoin will be owned by
• 0:09
  governments and institutions within the decade.
• 0:12
  One of the greatest investors of all time says that Bitcoin isn't
• 0:15
  a store of value, and he wished it never happened.
• 0:18
  Crypto. I said this a long time ago and
• 0:21
  I'm going to say it again. It's a solution looking for a
• 0:25
  problem. I'm very sad that it ever
• 0:29
  happened. The former UK Prime Minister
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  says it's a giant Ponzi scheme. With all these negative
• 0:34
  narratives out there, is it time to get out of Bitcoin?
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  Were you sold a bag of goods? Is Bitcoin actually a Ponzi
• 0:40
  scheme or is it showing signs of life with gold below 5K and
• 0:43
  Bitcoin ripping to 74? We'll cover that and more today
• 0:47
  in our episode of Bitcoin Simply.
• 0:49
  Let's Go. So do you think they'll have to
• 0:55
  print more than they did in response to COVID?
• 0:58
  Probably just because of the exponential nature, because not
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  only do you have to print to solve today's problems, but you
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  have to pay back the other debt as well.
• 1:06
  And so obviously if you take a look at the amount of, you know,
• 1:08
  U.S. Treasury is outstanding, which
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  is a good chart. It's exponential, It's an
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  exponential chart. And so we're just getting
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  started. If you think about if AI is as
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  good as they say it is, I don't know, then everybody loses your
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  job, right? I don't, I don't think it's
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  going to be that way, but that is sort of your North Star in
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  terms of like, well, how bad would that be if everybody has
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  now been replaced by a robot or, you know, clawed or clawed bot?
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  How much money do they have to print?
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  The baking system essentially is completely complete.
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  So they have to print everything, right?
• 1:40
  So again, I don't think it's going to happen, but it's a sort
• 1:42
  of a mental model, like what could happen if AI is as good as
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  they say it is. They have to solve the problems
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  of today and pay off the debt for tomorrow.
• 1:51
  Arthur Hayes believes that the government will have to print
• 1:53
  more today than they did in COVID.
• 1:55
  But we've heard this story 100 times.
• 1:57
  And if that's the case, Dante, then why isn't Bitcoin pricing
• 2:00
  that in? Why hasn't it exploded in price?
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  Couple reasons. Bitcoin is actually pricing in
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  the creative destruction that AI is going to cause massive
• 2:08
  disruption to white collar jobs in the future.
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  The rest of the market just hasn't figured that out yet.
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  Andre, probably the greatest AI developer and researcher in the
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  world, just came out with a shocking report.
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  He scored every job in America based on this likelihood that AI
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  would replace it. He used to scale from zero to 10
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  and the average score was 5.3, meaning a majority of jobs are
• 2:29
  going to be wiped out. But here's what it said.
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  If you're a plumber, you're more likely to keep your job than an
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  analyst. If you're a janitor, you're more
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  likely to be around than an executive at a high-powered
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  consulting firm. Scary stuff.
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  And Bitcoin is actually sniffing this out.
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  And the next two reasons are slightly different.
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  The promise of AI and the future of AI has sucked up all of the
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  excess liquidity in the world. Hundreds of billions of dollars,
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  even trillions of dollars in capital is being poured into
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  data, energy and infrastructure related to AI.
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  With all that liquidity going into this future possibility,
• 3:01
  it's not going into things like Bitcoin.
• 3:03
  And why is gold being bit up when Bitcoin hasn't?
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  Well, it's because the United States has shown that they will
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  weaponize the system and cut you off completely if you don't
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  align with their interests. So in that world, in that
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  scenario, what else can you hold other than gold if it's not
• 3:18
  dollars? What do you think is holding
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  Bitcoin back right now when the debasement trade is being
• 3:23
  recognized more and it seems like everything going into a
• 3:26
  bear market against gold and we hope that Bitcoin wouldn't be
• 3:30
  one of those assets, but it really has been.
• 3:34
  I mean, my theory is that Bitcoin is a liquidity alarm and
• 3:37
  there's a massive deflationary tiny ticking bond under at least
• 3:42
  the United States in particular, just because of how flexible the
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  labor, the labor market is based on AI disruption and Bitcoin is
• 3:49
  along with some other technology related stocks.
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  He's giving a forecast of there is a massive amount of credit
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  destruction that's going to happen in a highly leveraged
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  thick fashion of reserve Viking system.
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  If the highest wage earners who now want, you know, a small
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  percentage of the highest wage earners don't have a job anymore
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  because they got fired for, you know, cost cutting reasons
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  because AI could do whatever they were doing better, faster,
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  cheaper. So I think that's what Bitcoin
• 4:14
  is telling us. There has not been enough dollar
• 4:18
  liquidity created against all the other uses for liquidity,
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  especially when you talk about CapEx for hyperscalers.
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  And that's why Bitcoin has underperformed over the last,
• 4:27
  call it, 6 to 9 months. Like if you look at, you know,
• 4:29
  Nasdaq's pretty flat, Bitcoin's obviously down 50%.
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  Gold continues to rise. I don't think gold is on a
• 4:36
  debasement trade. It's more because if you're not
• 4:39
  a, if you're a sovereign nation and you hold dollar assets,
• 4:42
  you've, I've been, you know, repeatedly reminded that those
• 4:45
  are not your assets. You exist at the behest of Scott
• 4:49
  Besson, whoever is the US Treasury Secretary, and then #1
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  going to inflate away your debt by issuing a lot of bonds or
• 4:54
  they're going to steal your money by basically sanctioning
• 4:56
  you. And so why would you want to own
• 4:58
  that asset with your country's savings?
• 5:00
  You should own gold. And that's why central banks
• 5:02
  have been buying gold in an increasing amount since 2008.
• 5:05
  And that's stellar rating in 2022 when US and the EU stole
• 5:09
  Russia's money. All of these things are going to
• 5:11
  lead to inflationary measures in the future and we're going to
• 5:14
  find out there's nowhere to hide other than an assets that can't
• 5:17
  be inflated, hard money assets. But even still, Harry Lloyd AKA
• 5:22
  Prime Minister Boris Johnson says that Bitcoin's a giant
• 5:25
  Ponzi scheme. This tweet got community noted
• 5:28
  into oblivion with over 4 million views currently.
• 5:32
  His former finance minister was like, bro, calling Bitcoin a
• 5:35
  Ponzi scheme is like calling the Internet a Ponzi scheme because
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  it continues to get more users realizing that Fiat or
• 5:41
  government money creation out of thin air is the real and true
• 5:45
  Ponzi scheme. Michael Saylor said the truth.
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  Bitcoin has no issuer, no promoter, no central actor.
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  It's an open, decentralized monetary network that's driven
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  by code and market demand. That's what it is.
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  And that's why Bitcoin was created.
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  It was actually a check and balance on central bank trust
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  and money printing in general. But like every market and every
• 6:02
  revolution in the past, something is misunderstood
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  before it's priced in. Like cars, like radio, like
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  airplanes, like the computer, like the mobile phone, like the
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  Internet. And as a result, people are
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  selling their Bitcoin. But given the state of the world
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  and the arrogance of leaders, instead of emitting the lies,
• 6:18
  emitting the wrongs in the sins of our past, we plunge further
• 6:21
  into lies and destruction, further into propping up a
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  system that doesn't work, that disadvantages the people
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  furthest away from the money printer, for the people that are
• 6:28
  closest to it, will paper over the losses instead of emitting
• 6:31
  the system doesn't work. And This is why they will print
• 6:34
  ego, arrogance. All of this will lead to
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  inflation. And that's why we need an asset
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  whose total value is inflation divided by 21 million.
• 6:43
  From what I've seen, silver and platinum out and gold outperform
• 6:45
  Bitcoin this year for sure. Maybe he's right, I don't know.
• 6:50
  I think Bitcoin is a long way to go.
• 6:52
  I think I've always looked at Bitcoin's final price to be
• 6:54
  inflation divided by 21 million. And what's inflation?
• 6:58
  That's Infinity, right? Like Infinity divided by 21
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  million is Infinity essentially, and it seems to be the fastest
• 7:05
  horse in the race, so I think it'll continue to go up.
• 7:08
  It might dip below $100,000 though I wouldn't be surprised.
• 7:11
  Are you still buying Bitcoin right now?
• 7:13
  Yeah, actually the last time I bought it was a couple weeks
• 7:15
  ago. I bought it at like 115,000.
• 7:18
  I just bought the IBAD ETF. Before we can go any further,
• 7:20
  let's thank our sponsors. Leaden allows you to never sell
• 7:23
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• 7:25
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• 7:28
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• 7:30
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• 7:32
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• 7:34
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• 7:38
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• 7:40
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• 7:41
  It's either you have the Bitcoin or you don't.
• 7:43
  Your Bitcoin, when you post it to the platform, is hosted on a
• 7:46
  wallet that you can see in the platform that doesn't move and
• 7:49
  doesn't change and isn't re hypothecated.
• 7:50
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  2018. They have over 1005 star
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  customer reviews and they've issued over $10 billion worth of
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  loans. Sell your Bitcoin go to learn
• 8:00
  dot letting dot AO slash simply to get started.
• 8:02
  One of the ways that you can continue to grow in your journey
• 8:05
  is by getting a coach, a coach from the Bitcoin way who will
• 8:08
  walk you through step by step how to custody your Bitcoin, how
• 8:11
  to run your own node, how to be your own bank and how to manage
• 8:14
  your own private keys. Don't outsource your future and
• 8:16
  your wealth to someone else and say I'll trust them when the
• 8:20
  rubber hits the road, that they'll do the right thing for
• 8:21
  me, my family, and my money. That's why you've got to be
• 8:24
  prepared with Bitcoin. Schedule a meeting with a coach
• 8:27
  at the bitcoinway.com/dante. Let's get back to inflation for
• 8:30
  a minute. We've seen the inflation of
• 8:32
  everything. Let's take homes.
• 8:34
  The income needed to buy a typical US home has increased by
• 8:37
  79% in the past five years. Wages didn't increase by 79%,
• 8:41
  and neither did productivity. And This is why life becomes
• 8:43
  more expensive. Inflation is literally just the
• 8:46
  excess money in the system floating around chasing fewer
• 8:49
  and fewer goods. Listen to this clip from Milton
• 8:52
  Friedman from 50 years ago. Now, the first step toward
• 8:57
  understanding the cause of inflation is to recognize that
• 9:03
  it is always and everywhere a monetary phenomenon.
• 9:08
  It's always and everywhere a result of too much money.
• 9:14
  There's too much money in the system, and that's why it needs
• 9:16
  to go somewhere. And right now it's going to AI.
• 9:19
  They believe that that's the most scarce resource in the
• 9:21
  world. But what AI is actually creating
• 9:24
  is deflation, the ability for a computer to copy, replicate, or
• 9:28
  create something that you've worked hard for at the click of
• 9:31
  a button. Bitcoin is pricing in that
• 9:33
  creative destruction, and because it hasn't gone up in
• 9:35
  price like people thought, they're selling it.
• 9:37
  Are you going to be one of the people selling the only thing
• 9:40
  that can't be replicated, copied or recreated?
• 9:42
  In this new future, energy will become more abundant, but
• 9:46
  Bitcoin will not. There's so much corruption in
• 9:48
  our system. So every time I see a politician
• 9:50
  or a rich billionaire talking about Bitcoins and Ponzi scheme,
• 9:53
  I know it's because they've benefited tremendously from the
• 9:56
  existing system and Bitcoin is the first and only legitimate
• 9:59
  way to remove those people or this system from power.
• 10:04
  This is rules for for thee but not for me.
• 10:07
  Sort of a situation like you. Look at all the corruption in
• 10:10
  the Congress and Senate right now, how much the net worth of
• 10:14
  all those guys has gone up, guys and gals, once they get elected.
• 10:18
  And, and I scratch my head and say, OK, you guys are going to
• 10:22
  continue to implement the the Bank Secrecy Act on us and
• 10:25
  continue to lock down on us not being able to spend any of our
• 10:29
  our, our validly earned money and going to crack the whip on
• 10:35
  all of us. And at the same time, this
• 10:36
  oligarchy that we call our our Congress and Senate is just
• 10:39
  going to continue to line their pockets.
• 10:41
  And nobody's going to look at that, I guess, just as the, the
• 10:45
  hypocritical nature of all of it is just so absurd.
• 10:49
  And I think that as Bitcoiners, the best thing that we can do is
• 10:53
  just opt out. The best thing you can do is opt
• 10:56
  out to continue stacking Bitcoin while the other system continues
• 10:59
  to grow. If you invest in AI, you're
• 11:02
  making the thing stronger. That's actually going to wipe
• 11:04
  you out. That clip was from the Cao SAS
• 11:07
  Mining Ken Halliburton, who's teaching you different ways to
• 11:10
  opt out of the system. Don't sell your Bitcoin.
• 11:13
  It's not a Ponzi scheme. It is the exit ramp.
• 11:16
  Nobody loves buying insurance until you need to file a claim,
• 11:20
  and that claim is coming soon. This is Dante Cook with Bitcoin
• 11:23
  simply happy stacking and like we heard words from the CEO of
• 11:26
  SAS Mining, one of the ways to opt out of the system is by
• 11:29
  mining Bitcoin. It not only continues to
• 11:31
  decentralize the Bitcoin network, but it allows you to
• 11:35
  stack SAT's continuously, but you don't have to manage Bitcoin
• 11:38
  mining machines or electricity or contracts or repairing
• 11:42
  machines in the middle of the night No, you outsource that to
• 11:44
  SAS mining, one of the leaders in Bitcoin mining hosting.
• 11:47
  There's no contracts, no middle men.
• 11:49
  They're 100% Bitcoin are aligned and you can trust them and
• 11:52
  that's why we work with them on this show.
• 11:54
  Use the QR code to get started with SAS mining and the OT out
• 11:57
  of the system. This is Dante Coke with Bitcoin.
• 11:59
  Simply hay stacking.