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Bitcoin CRASHES $10K In a Day! Did the U.S. Buy the Dip?! | Bitcoin Simply · Simply Bitcoin

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What the heck is going on? Bitcoin posted its first ever
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10K decline Day in History. We're only 10% into 2026 and
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people have already lost 90% of their wealth.
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Bitcoin dipped TO60K and reversed to above 70K in less
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than 24 hours. Jim Cramer dropped the rumor
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that the United States government filled their Bitcoin
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reserves AT60K. So you think that the president
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is going to fill the Bitcoin reserve?
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I don't know that will. Well, that's what I heard.
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Sixty. I heard at 60.
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He's going to fill the Bitcoin reserve.
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You better cover. Did Donald Trump and the US
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government fill their Bitcoin reserves while the market was
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sleeping? Was it because this
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administration was afraid of the 58K gang like the rest of
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bitcoiners? Something large is happening in
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markets right now. Market vets are saying they've
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never seen anything like this. Some say it's the Japanese yen
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carry trade unwinding and it's affecting everything from silver
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to Amazon. But one thing I know is this.
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Bitcoiners don't care, can take a beating with bears on our back
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and not flinch. When markets crashed, all we saw
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was cheap sets. Today, we're going to make sense
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of the crash and I'm going to share what I think this market
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crash has to do with a potential war in Iran at the end of the
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show. And as always, we cover what
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this means for Bitcoin. This is Dante Cook with Bitcoin.
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Simply, let's go. Messages to hold on, right?
1:18
We've been through Bitcoin downturns in the past.
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In 2022, Bitcoin got up to 7068. K went down to 16.
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That was a 75% drawdown. Now Bitcoin went up to 125, K
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got down to 60. That's a 50% drawdown. 7 years
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from now, when Bitcoin's at a million and goes to 750K, it'll
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be a 25% drawdown. Everyone will think it's the end
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of Bitcoin and I'll say hold on then too.
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This is the message from a guy whose company just posted a $17
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billion loss for the quarter. Seven years.
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When Bitcoin goes from 1,000,000 to 750 K, we know one thing is
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for certain. They're going to say that you
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should never invest in Bitcoin because that's the right adage.
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If it crashes, you should never invest in it.
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And we know Bitcoin is going to crash.
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This one time Bitcoin went from six cents all the way to 36
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cents and then it crashed down to $0.21.
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And then another time Bitcoin went from $0.85 all the way to
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$29.00 and then it crashed to $3.
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And then another time Bitcoin went all the way to 213 dollars
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and then it crashed all the way to $70.
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And then another time Bitcoin went all the way to $1100 and
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then it crash all the way to $239.
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So the moral of the story is don't buy Bitcoin because you
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know it's going to crash again. Let me pick up where he left
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off. There was a time in January of
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2017 when Bitcoin went from 1K to 17K, and then it crashed.
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And then there was a time in March of 2020 when Bitcoin was
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at six K, and then it went to 60K in March of 2021, and then
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it crashed to 30K. And then there was this one time
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when Bitcoin went from 69 K to 16 K after the Sam Bankman fraud
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dude crashed the whole crypto market in 2021.
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And it's at precisely this moment when we get one of the
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greatest clips in the history of Bitcoin.
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What's Bitcoin at 16 K? It has 17K more to go.
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There's no intrinsic value to this asset, and now it's
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starting to be priced appropriately.
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So it has a, you know, what's Bitcoin at 16,000?
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It has another 17,000 to go down.
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Really. Yeah, There's no intrinsic value
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to this product. And do you think that people
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just inherently like lost faith in the idea behind crypto
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because of FTX? It's.
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Because of it became an ideology, and whenever you
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invest based on an ideology, you're going to make some
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decisions that are a little divorced from math.
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And how? What do you mean by ideology?
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Well, they're the people who really like crypto, are
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convinced that it's the currency of the future and that a
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decentralized Ledger is the way to go, and that anything that is
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controlled by a government entity is by definition and
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negative. And if it's done by the private
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sector freely, it will be better.
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And that's just not how currency works.
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Currency is a method of exchange and a store of value.
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And for that there has to be a degree of trust and you have to
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have it managed in terms of volume.
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I mean, one of the the craziest things about Bitcoin is that
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there will never be more than X number of units of Bitcoin.
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Well, by default that means it can't be used for trade because
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the whole idea of economic activity is that there's
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expansion, which means you need more currency to lubricate and
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manage that expansion. If currency is locked into the
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specific number, you get monetary inflation.
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And that is one of the fastest ways to destroy an economic
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model. So because of the lack of
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Bitcoin, because there's a certain controlled number, the
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only thing that can happen is Bitcoin becomes more expensive.
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Right. And, and that means that the
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people who hold it are the ones that make the money, but
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everyone else suffers. I'm sorry, that's not viable.
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The alternative is you have some private dude out there who
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generates the coins on a whim. How is that different from the
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monetary reserve or the monetary authorities that we have at the
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Federal Reserve? Except for the point that
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there's no accountability. No.
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No. And then we all know Bitcoin
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went back to 69 K and then it crashed to 56 K in September of
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2024. And here we are today, Bitcoins
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gone from 125K and it crashed down to 62 K.
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During the COVID crash, there was a 1.2 billion in
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liquidation. During the FTX crash, 1.5
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billion in liquidations on a random Tuesday in February, 1.7
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to $2.4 billion in liquidation. Bitcoin posted its first ever
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daily decline of $10,000 or more, but that's only in dollar
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terms. In relative terms or percentage
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terms, well, that's chump change.
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Bitcoin is falling 37% in a single day.
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And when that happened, the 58K game was pulling up like Debo
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soon as Bitcoin dropped below 60 K.
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And JD Vance, of course, pulled up and said, have you said thank
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you once? There's an anonymous poster on
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Twitter who called that this would happen.
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His handle SBC 7H7 LA. He predicted that the top of
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Bitcoin would be in October of 2025, saying that we ride up for
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exactly 1060, 64 days and we collapse and go down for 364
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days exactly like clockwork. So that means that the Bitcoin
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is going to continue to crash or make an all time low at October
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of 2026. He could be right.
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What will that all time low be? Well, there's an analyst out
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there that says that the Bitcoin production cost is what sets the
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floor. That's the price that it cost
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miners to make a Bitcoin or to mine a Bitcoin.
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So that that that's going to be the new floor wherever that
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estimated Bitcoin production cost is going to be.
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Some people are saying this as an exchange called Bit Thumb
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sent a bunch of Bitcoin to their users accidentally and then had
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to sell it, causing the price of Bitcoin on their exchange to
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fall for more than $10,000. One thing is for certain market
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vets, guys like Mark Usko who are in the digital asset game
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who are bitcoiners have said they've never seen anything like
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this in markets. These are not normal functioning
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markets and some are saying it's because of the Japanese yen
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carry trade. Unwinding 40 years of Japan
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having 0 percent or negative interest rates is now unwanted
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finding itself in causing havoc in markets everywhere.
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So I had this thesis that, you know, there would be a credit
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event that Japan will be the catalyst.
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And, and I said repeatedly since then that number of things I
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said, Japan will panic. And we'll talk about what I mean
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by that. I said repeatedly that it's only
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a matter of time until the yen does surge and that the real
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catalyst for a disruption would be oil.
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Why? Because Japan imports all of its
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oil, oil is denominated in dollars.
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If the yen weakens and the oil oil strengthens, that makes oil
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priced in yen even more expensive, which then means they
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have to save the yen, which then reverses all the leverage that
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has come out from Japan, right? And that causes a cascading, you
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know, marginal, right, effectively.
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We'll cover what this means and what this crash means and what
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this actually has to do with the potential war in Iran.
8:17
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ups and crashes. I sleep pretty well it's because
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I had run my own bank and I run my own node and manage my own
9:11
keys. Well, if you don't do that, if
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9:16
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Schedule a free 30 minute meeting at the
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bitcoinway.com/simplybitcoin. I tell people all the time I'm
9:32
not bearish on stocks. I'm just bullish on a tail
9:35
event. I think there is a dislocation
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coming. I think it's going to last
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longer than two days and the dislocation will come out of
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Japan. Right, because no country has
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enabled leverage more than Japan has.
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Japan has had zero to negative rates for the longest time.
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They have the last to raise rates post COVID and had the
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most debt in the system. So effectively what's happened
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for a number of years, decades, is money, rather than borrowing
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in at US rates, money goes or investors or borrowers go to
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Japan at 0 to negative rates. They take that money, they
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convert it to yen, they convert them back to their currency and
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they deploy that leverage elsewhere.
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People forget that money can be deployed any which way, but also
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be can be borrowed any which way from anywhere.
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So if you really want cheap capital, you go to Japan.
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OK, Now, if you're borrowing money from Japan, you're
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borrowing it in their currency, the yen drops.
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That means that whatever you borrowed from Japan, as the yen
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is dropping, you're actually, when you need to repay it,
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paying back less because you're doing it from your stronger
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currency. So you as the borrower love a
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weekend, right? It makes the the payback
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actually less. You know, on the currency
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conversion, the opposite also holds true.
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If the yen appreciates, now that debt load is actually higher
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because you need more of your currency to pay it off, because
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your currency is weak relative to the yen, right?
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So you need to have the yen strengthened aggressively to
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'cause that panic of Oh my God, this leverage that I took from
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Japan is now so much more expensive.
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I got to pay it back. OK, here's a little bit of
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explanation as to what I believe is behind the crash.
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When you see red across the market everywhere in a single
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day, you know that there's something large going on behind
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the scenes. This was in Bitcoin, this was in
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AI, this was in MAC7 stocks. Everything got hit.
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Volatility was at historic highs in.
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If you listen to what he's saying about the Japanese yen
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carry trade, Japan does not make any of its own oil.
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It has to import all of it. So when oil goes up, the cost of
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their economy, the cost of living in their world goes way
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up. So what do they do?
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They devalue their yen and cause it to spike.
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Now what happens when someone else is on the other side of
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this trade, the Japanese yen carry trade?
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Well, the cost of their debt has now gone up dramatically.
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And in order to pay back more expensive debt, they need to
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sell the assets that they bought on the other side of that trade.
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So when the United States tells all of their citizens that they
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need to get out of Iran, that there could be potential
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conflict in war, what do you think that's going to do to the
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price of oil? Well, it's going to go up.
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What is that going to cause people to do?
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Preemptively sell their Japanese yen debt?
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But for bit corners, none of this matters because when
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Bitcoin crashes, bit corners get excited like Opti.
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We know what Opti was looking at when the price of Bitcoin
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crashed. The only hard part is when
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Bitcoin crashes, we typically don't have any cash to buy the
12:26
dip. But bit corners know 70K might
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look like this one day and then look like this the next.
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Bitcoin has been declared dead 461 times, and if you would have
12:35
invested just $100 every single time the Bitcoin was dead, well,
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you'd be worth about $68 million.
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That's why I know people who are selling chairs to buy the dip.
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If you see someone standing up on your next Zoom call, you know
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that they're a bitcoiner. And this dude from Barstool, he
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gets it. He's selling his chairs right
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now. All right, Bitcoin, I guess
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people want to know what I think about Bitcoin.
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I've said the same thing from the very beginning.
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I first wanted to buy Bitcoin at 5:50.
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I didn't buy it. I finally bought it at 8000.
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And here's the thing I said I would rather take the chance in
13:07
life to get rich off Bitcoin than to sit on the sidelines and
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not get rich on Bitcoin. And I have rode this roller
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coaster up and down, up and down, up and down for 10/11/12
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years. Whatever it is, we've seen it
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all. We saw it crash during COVID
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2020. We've seen it go up to 120.
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Now it's back down at 60. We've ridden this ride so many
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times it does not affect me anymore.
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All you have to do is buy more and hold and believe in Bitcoin
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and that's what I choose to do. If it goes to 0 and I was wrong,
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so be it. I decided a long time ago I'd
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rather take the chance on Bitcoin then not take the chance
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on Bitcoin. And that's all it is to me is I
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keep buying more and people always say I wish I had a chance
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to buy Bitcoin low. Well, here's your chance.
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Everybody wants to buy Bitcoin low until they have the chance
13:53
to buy Bitcoin low. So go ahead and buy Bitcoin low
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and it'll go back up. I don't know how else to put it.
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I've always been a believer in Bitcoin.
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I'm not going to stop now. We've seen it go down before.
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We've seen it go up. I've I've bought stuff with
14:08
Bitcoin, I bought more Bitcoin. Bitcoins been very good to me.
14:11
I've no reason to stop believing in it now.
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As Michael Saylor says. Volatility is Satoshi.
14:15
'S gift to the faithful. Volatility is Satoshi's gift to
14:19
the faithful. So like Tio crying on national
14:22
television talking about that's my quarterback, we ride with
14:25
Bitcoin, that's my store value. We know that in the short term
14:29
there's going to be crashes, there's going to be short term
14:31
setbacks. But over the long term, this is
14:33
the digital store value moving forward for the world.
14:36
And we know that they're saying it's happening behind the scenes
14:38
that are going to cost trillions of dollars in capital to flow
14:40
into Bitcoin like this update as to who can hold reserves when it
14:44
comes to stable coins from the CFTC.
14:46
The plumbing for digital assets in the United States economy is
14:48
being late. And you don't want to be on the
14:50
wrong side of the trade because you think that Bitcoin is dead
14:52
and Bitcoin is crashing. Stay humble, stack sets, stay
14:56
warm and have fun at the Super Bowl party tomorrow.
14:59
We're going to go through exactly what catalysts are being
15:01
put in place right now for Bitcoin to explode as we move
15:04
further and further into 2026 and beyond.
15:06
This is don't take coke a Bitcoin simply and if you get
15:09
value from these shows, do subscribe.
15:11
And if you want to take the next step in your Bitcoin journey,
15:13
don't just buy Bitcoin on an exchange mine Bitcoin.
15:16
There's all sorts of benefits, but one of the things is you're
15:19
continually dollar cost averaging into Bitcoin and as
15:22
the price it costs to make a Bitcoin goes down as miners
15:25
capitulate well, you get to earn more and more SAS for your
15:27
dollars. Don't manage any of this
15:29
yourself work with a team like SAS mining who will allow you to
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buy whatever rig you want and they'll just send SAT directly
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to your wallet. Use the QR code to get get
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started. This is Dante Coke with Bitcoin.
15:38
Simply happy stacking.