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BITCOIN CRASHES BELOW $114K | Bitcoin Simply · Simply Bitcoin

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  Bitcoin has crashed TO114K as of this recording.
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  According to the history of how Bitcoin is performed in August,
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  it looks like we could be in for a rough month.
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  I mean, and it gets worse. Someone stole Satoshi.
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  That's it. I've had it with this dump.
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  We got no food, We got no jobs. All right, Lloyd, chill out.
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  But it gets worse. China has officially banned all
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  mining trading in any financial services related to crypto for
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  the one thousandth time, and the Fed has shared exactly how
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  they're going to pay for renovations.
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  How are you going to get the $2.5 billion to renovate the
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  Federal Reserve building? Well, you know.
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  OK, that's a joke. I wanted to inject a little
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  humor because anytime that we have one or two bad days,
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  everyone thinks that the world is crashing.
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  But the world is healing, and I have so many examples of how the
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  world is moving towards a Bitcoin standard that have
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  happened just this week. If you don't believe me, I'll
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  show you. This is Dante Koch with Bitcoin.
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  Simply let's go. Despite all the doom and gloom
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  news out there with Bitcoins price crashing to above where
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  the all time high was for six months that we were stuck at at
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  111 K, the world is actually healing.
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  Case number one, Congress is starting to hold our unelected
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  officials accountable, starting with the Fed.
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  The Federal Reserve has grown too powerful, too insulated, too
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  comfortable, and they are operating in the shadows, and
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  this is the minimum we can do to start getting this independent
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  agency some scrutiny. They don't even respond to FOIA
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  requests. You can't get an answer.
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  That place is whack A mole. If you try to talk to the Fed
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  chair about something, they'll put it on the vice chair for
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  banking supervision. Who will put it on the
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  presidents of the Federal Reserve Banks.
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  Who put it back on the White House, Who put it back on bank
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  supervision? Who put it on the lawyer of for
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  bank supervision? This place is a ping pong ball
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  when it comes to trying to get an answer to a question.
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  It's become a giant black hole of unaccountability.
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  It's time for change. This unelected shadow group of
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  12 private bankers run the world.
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  They set the interest rates and control the quality of life for
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  people like you and me. They dictate backdoor money
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  flows to other central banks, other countries, other
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  governments, without any of us even being able to know with
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  their numbers disclosed in accounting jargon.
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  That's a positive step. Next, Congress is finally making
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  sure that our elected officials are held accountable, like them
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  not being able to trade stocks and benefit from it.
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  What a novel idea, as the president said in the Roosevelt
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  Room yesterday, conceptually, he, of course, supports the idea
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  of ensuring that members of Congress and and United States
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  senators who who are here for public service cannot enrich
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  themselves. And the reason that this idea to
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  put a ban on stock trading for members of Congress is even a
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  thing is because of Nancy Pelosi.
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  I mean, she is is is rightfully criticized because she makes
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  think $174,000 a year, yet she has a net worth of approximately
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  413 million in 2024. Nancy Pelosi's stock portfolio,
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  this was a fascinating statistic to me, grew 70% in one year in
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  2024. And her portfolio outperformed
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  every single large hedge fund in that same year and even more
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  than doubled the returns of Warren Buffett's Berkshire
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  Hathaway. Somehow.
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  Now Nancy Pelosi is a proud supporter of not being able to
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  trade stocks and says that it's in the best public interest as a
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  public servant to serve the people without trading stocks.
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  Still a positive sign. The world is slowly waking up to
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  holding Bitcoin as a better asset, starting with a flood of
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  publicly traded companies who understand the true value of
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  Bitcoin as a digital asset and digital credit.
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  The nice thing there is there's 160 companies that are
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  capitalizing on Bitcoin in the public market, up from about 60
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  last year. So the Bitcoin treasury movement
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  is exploding, and companies like Metaplanet in Japan and Capital
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  B in France and Smarter Web in the UK.
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  And then there's a raft of them in the US, Anthony Pompliano's
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  company, you know, and 21, they're all capitalizing.
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  The big idea is I take digital capital, I issue digital credit
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  and a digital credit instrument can either be longer duration or
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  it can be higher performance. We're offering 9% dividend yield
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  with stretch the average money markets 4.2% dividend yield.
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  No one would ever want to give a 9% perpetual yield in a in a
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  bond that's backed by real estate or backed by gold or
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  backed by any conventional Fiat asset.
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  But we're investing in Bitcoin and and my 20 year forecast for
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  Bitcoin is 30% a year ARR, so it's easy for us.
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  This is the first opportunity for them to legally hold an
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  asset that is liquid under the SEC rules and guidelines, which
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  opens up the floodgates of possibilities.
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  I mean, you could hold gold and real estate on your balance
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  sheet, but they're illiquid assets.
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  Not good for a publicly traded company, no.
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  That all these companies, instead of holding cash or
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  treasuries, they would all hold their money in Bitcoin.
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  If that were true, what would that do to the US government and
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  its ability to operate? Well, I think the key to keep in
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  mind is Bitcoin is demonetizing foreign real estate, private
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  equity, public equity, other sorts of store of value assets
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  everywhere in the world. 20th century physical analog assets
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  are becoming 21st century digital assets.
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  These companies like Apple and Microsoft, if they could buy the
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  S&P index they'd be better off. It's against SEC rules.
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  The only if they could buy each other securities.
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  If the Mag Seven could buy the each other securities they would
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  be better off. That's against SEC rules.
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  The only security Apple can buy is Apple stock.
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  And what do they do? They buy their own security.
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  So in generally, if you're trying to create shareholder
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  value, you don't want to park it in a Fiat currency, you want to
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  park it in a in a tangible asset.
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  But gold and real estate don't make sense.
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  You ever see? Speaking of the SEC Chairman
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  Paul Atkins just reiterated his belief in Bitcoin by saying
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  this. The right to have self custody
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  of 1's private property is a core American value.
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  I believe deeply in the right to use a self custodial digital
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  wallet to maintain personal crypto assets.
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  What a radical thought. What's yours is yours and you
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  have a right to it. That's a positive sign.
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  Another positive sign. Liquidity is coming.
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  One interesting correlation that's been Bitcoin in the money
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  supply is that integral like, hey, we've got to chart it.
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  It's pretty easy. You don't have to be a charter
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  to see, OK, they kind of trade in tandem here.
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  Well, one thing we know is that they're going to continue to
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  debase and liquidity has been at all time highs, and that's
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  largely because we're running these massive fiscal deficits.
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  And guess what, They're going to continue the projections made
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  for the rest of the year is that we're going to be basically
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  issuing about $18 trillion worth of $18 billion worth of debt per
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  day for the rest of the year, for the rest of 2025.
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  So the thing you need is the one thing immune to currency
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  debasement, immune to inflation, and that is Bitcoin.
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  So, you know, I've got to. See Pain and Natalie, always the
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  beacon of hope that we always need it.
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  Before we go any further on to more positive news, let's take a
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  second to thank our sponsors, our first sponsor being let in.
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  If liquidity is coming, if publicly traded companies are
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  piling into the asset because it's a better and liquid asset,
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  then why would you want to trade it?
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  Well, you don't have to. You can use it to fund other
• 8:00
  things in your life without selling it, unlike liquidity in
• 8:02
  your Bitcoin without selling your Bitcoin by working with
• 8:04
  letting the leader in Bitcoin back loans.
• 8:06
  And if you don't believe that they have the Bitcoin that they
• 8:09
  say they do, well, they're the first digital lender to do the
• 8:12
  proof of reserves. They show the stamps that they
• 8:14
  actually have the Bitcoin. The process of getting dollars
• 8:16
  in your account happens in less than 24 hours and the
• 8:20
  application takes just two minutes.
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  Head over to learn dot leadin dot AO slash simply to get
• 8:25
  started with loans that started just 12.4% or .25% off.
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  If you go to that link learn dot leadin dot AO slash.
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  Simply Speaking of Paul Atkins talking about your right to self
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  custody assets and your private property being a core American
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  value. Well, you need to actually
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  exercise that right for it to be a a lived value and you can do
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  that by removing your Bitcoin from exchanges.
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  But don't just do it any kind of way.
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  Learn how to do it the right way.
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  Schedule a free 30 minute consultation with the team at
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  the bitcoinway.com and they'll teach you exactly how to remove
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  your Bitcoin and take self custody of your sovereign assets
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  in private property the right way.
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  Schedule a free 30 minute consultation by going to the
• 9:04
  bitcoinway.com/simply Bitcoin. Bitcoin is the S&P 500 of the
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  future, and for publicly traded companies, it's the S&P that
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  they can actually own on their balance sheet.
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  But for you and me, we don't have to have an index of the 500
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  best companies in the United States or across the world.
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  Bitcoin is a global index of all of the liquidity in the world
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  flowing into a more scarce asset.
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  We're moving to a global world, not just AUS dominated world,
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  and so it makes sense that the world needs another S&P 500 to
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  invest in. I view the investment in first
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  Bitcoin as being the S&P 500 in the future.
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  I've said it repeatedly. I'll continue to say it In a
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  world where AI disrupts all businesses, every single
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  business will be disrupted by artificial intelligence as we go
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  forward. I just don't feel people have
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  spent enough time on it. What Bitcoin represents is
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  something which is outside the current system.
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  It will continue to gain strength.
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  I think on the last program, I said it would go above 200,000
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  this year. I still not only believe that, I
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  think there's higher highs for it going forward.
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  I think this is something that people at least need to focus on
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  as a small portion of their portfolio, if for no other
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  reason that I think from a standpoint of what is a
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  certainty going forward. The current existence of the
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  framework we have in capitalism is changing going forward.
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  And if people don't believe it, they need to have some sort of a
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  hedge, and Bitcoin and Ethereum themselves are at least combined
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  a good way to. Do that and here's the thing, so
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  many people conflate crypto and Bitcoin.
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  They're 2 completely different things Bitcoin is a protocol
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  without an issuer. It's rules in a game that we can
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  all play and the foundation of this started 40 to 50 years ago
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  and it made a huge leap forward with a denial of counter service
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  measure which was created by Adam Back, which later became
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  Hashcash, which said that we need some sort of computational
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  cost in order to send e-mail so that we wouldn't be flooded with
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  spam. This became the foundation of
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  the proof of work mechanism, which means there needs to be
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  some accountability in the creation of money.
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  The protocol is just math, and This is why it's the only any
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  chance that we can have a monetary reset, that central
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  banks can actually be overthrown.
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  It's because there is no war that you can fight against a
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  protocol for the next 500 years. Can you explain?
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  What you mean? Sure, of course I can explain
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  what I mean. You have a world where the train
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  is leaving the station. You know, Bitcoin is changed
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  everything fundamentally and does with coin or the coiners
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  versus those without coins, the no coiners.
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  There will be a split in in in the world and society and we
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  won't be looking at the world in terms of nation states anymore.
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  I think the nation state becomes passe or disintermediated.
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  Central banks are obliterated, and you have the global tribe of
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  millions of Bitcoiners who have all the money, and then they'll
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  be everybody else who doesn't have.
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  They'll just be living in a different reality.
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  And that template will be set for 500 years because Bitcoin is
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  perfect money, and it's taken a million years to get to Bitcoin.
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  We finally achieved it, and now it's a day of reckoning.
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  If you have no coin, you'll probably be living in the
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  equivalent of hell. If you have coin, you will be
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  living in heaven. So it really doesn't matter if
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  you steal the statue of Satoshi if you run the protocol and own
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  Bitcoin self sovereignly. We're all Satoshi.
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  Forget the noise, there is no doom and gloom.
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  The world is moving to a Bitcoin standard.
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  Don't miss it. And another thing you won't want
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  to miss is coming down to Dallas, TX from November 11th
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  through November 13th to the Mining Disrupt conference, the
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  largest mining Expo in the world.
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  The Bitcoin Simply team will be down there and we hope you join
• 12:50
  us. Use the promo code to Simply
• 12:52
  Bitcoin for 20% off your tickets.
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  There's a lot of positive things happening out there depending on
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  how you look at it. This is Dante Cook with Bitcoin
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  simply. Happy stacking.