Latest / Simply Bitcoin / Why This Bitcoin CRASH Is Just the Beginning | Bitcoin Simply

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Why This Bitcoin CRASH Is Just the Beginning | Bitcoin Simply · Simply Bitcoin

• 0:00
  On days like today with Bitcoin AT110K, Norris will look at the
• 0:03
  chart and say it's down 6% over the past month.
• 0:06
  They'll look at the chart action and say it's too volatile.
• 0:09
  The obvious fact is that Bitcoin started the year at 93 K and
• 0:13
  even grifters like CZ realize that we're going to be saying
• 0:16
  Bitcoin is crashing when it falls from $1 million to 985,000
• 0:21
  a coin. Everyone has this blind spot.
• 0:23
  This blind spot is they're worried about the risk of owning
• 0:27
  Bitcoin when they don't realize the risk of not owning it.
• 0:30
  They're missing the point with the lines between money and
• 0:32
  state being blended with Donald Trump firing a Federal Reserve
• 0:35
  chair and the US government taking a 10% stake in a company,
• 0:39
  Bitcoin represents our last and only chance at money being
• 0:42
  separate from the state. In a time when we're all focused
• 0:45
  on price, let's focus on the things that really matter.
• 0:47
  Sovereign money. Freedom money.
• 0:49
  Like always, today we're going to break down Bitcoin simply
• 0:52
  where we are and where we're going.
• 0:54
  This is not to coke with Bitcoin.
• 0:55
  Simply let's go, OK, everybody calm down.
• 1:02
  Bitcoin AT110K is at a price that we've only been for three
• 1:07
  days in the history of Bitcoin. And for context, September is
• 1:10
  the worst performing month for Bitcoin in historical terms.
• 1:13
  It's the only month where we've averaged negative price over
• 1:16
  bitcoins history and the next two months, October and no shave
• 1:20
  November are Bitcoins best performing months.
• 1:22
  Calm down. And this isn't even just in
• 1:24
  terms of Bitcoin in the context of the broader market.
• 1:26
  Whenever the VIX drops like it has this month, over 60 percent,
• 1:30
  well forward-looking returns for the SP500 average over 100% the
• 1:35
  next five years. Stay calm and stack on.
• 1:37
  One of the most massive pieces of news happened yesterday,
• 1:40
  regardless of price. Donald Trump, a sitting
• 1:43
  president, fired a Federal Reserve chair member, Lisa Cook
• 1:46
  for alleged fraud and falsifying information to purchase and
• 1:49
  acquire property. I'm not taking any sides here.
• 1:52
  There's a 100% possibility that there could be misconduct.
• 1:55
  I mean, these are high-ranking officials and people that are in
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  the government, in the president is certainly setting a precedent
• 2:01
  for wielding power with unilateral control that I also
• 2:05
  don't agree with. Mean, say what you want about
• 2:06
  Uncle Rome, Jerome Powell, he's made it very clear that the Fed
• 2:10
  is to not be controlled by the US government for good reason.
• 2:13
  Even though the Federal Reserve's controls the flow in
• 2:16
  the capital of money in the world for people like you and
• 2:18
  me, they are not controlled by the United States government.
• 2:21
  And soon Donald Trump will have influenced the election of the
• 2:24
  majority of the Federal Reserve Board.
• 2:26
  Slippery slope, sort of like the government taking a 10% stake in
• 2:29
  and Intel. Yeah, Donald Trump says that
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  they did it for free by using money from the CHIPS Act and
• 2:34
  other leftover federal funds. But you're still picking winners
• 2:37
  and losers. You can see this blending
• 2:39
  between the money of the state happening right before our eyes.
• 2:42
  I mean, look at Tether, an organization, a technology that
• 2:45
  was once known for being freedom money for the undeveloped
• 2:47
  nations, giving people access to financial tools and systems that
• 2:51
  they didn't have before. Well, now they're on a crash
• 2:53
  course for getting in bed with the United States government,
• 2:56
  specifically with the hiring or appointing of Bo is the US
• 3:00
  director for Tether. I'd be lying if I didn't say we,
• 3:02
  we want to dominate. You know, I think that entering
• 3:04
  the, the US market, we feel as if, again, we're uniquely
• 3:07
  positioned to, to be the stalwart in space.
• 3:09
  And that's what attracted me to Tether.
• 3:11
  You know, I wanted to go somewhere I could build, have
• 3:13
  fun, and obviously work with the most intelligent, brightest
• 3:16
  people. And I feel like I've found a
• 3:17
  home here at Tether to do that. You know, we'll be moving
• 3:19
  quickly and I know Paulo's indicated like we're obviously
• 3:22
  considering the US product. We'll see in time what that
• 3:24
  looks like. We'll be ready to reveal that in
• 3:26
  due time. But you know, my mission is to
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  be the number one player in this space as well to match what
• 3:31
  they're doing and with the rest of the globe.
• 3:33
  And I think that we're going to get that done.
• 3:35
  I think we're going to move quickly to get it done.
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  And I think that it's really exciting not only for our
• 3:39
  country, but for the rest of the space.
• 3:40
  And, you know, I'll go back to your question you asked Paulo
• 3:42
  about some of the other players. You know, I think that many of
• 3:45
  these players are are positioned in a way that they're almost
• 3:49
  cannibalizing themselves. And I think that our mission
• 3:51
  here is 1 to educate other people and to bring more people
• 3:54
  into the ecosystem because that's better for everyone and
• 3:56
  we can grow all together as we do that.
• 3:59
  And so, you know, you'll see some of the initiatives that we
• 4:01
  push are keenly focused on on doing just that.
• 4:04
  And just, you know, also, you know, rising tides raise all
• 4:07
  ships. I do believe that I just want to
• 4:09
  be the leader of those ships, and I think that we're going to
• 4:12
  accomplish that in short. Order.
• 4:14
  It's clear with this sort of collaboration, there's going to
• 4:17
  be cooperation, there's going to be surveillance and tracking of
• 4:20
  money. There's going to be the ability
• 4:21
  for the government and government agencies to pick
• 4:23
  winners and losers, people who can have access to this money
• 4:27
  and people who don't. Need I remind you again, that's
• 4:29
  the whole plan for stable coins in the 1st place is for them to
• 4:32
  be buyers of the US Treasury in the US debt and for them to be a
• 4:37
  shadow money printer. Michael Howell explains this
• 4:39
  well on his latest podcast with TFTC.
• 4:41
  What you can see in the data right now is that the growth of,
• 4:45
  looking at the growth of bank balance sheets, it's being
• 4:48
  driven a lot by purchases of government debt.
• 4:51
  This is monetization. So, you know, what we're doing
• 4:54
  is we're embarking down the route of monetary inflation.
• 4:57
  I mean, these are the fears that everyone's got and that monetary
• 5:00
  inflation is ultimately going to come through in terms of
• 5:03
  devaluing people's wealth or just increasing the cost of
• 5:06
  living. And So what you need is
• 5:08
  dedicated monetary inflation hedges and that means gold, it
• 5:11
  means Bitcoin, etcetera. And I think that, you know, the
• 5:14
  whole, I mean, Bitcoin in my view, is definitely the future.
• 5:18
  And I think that the US officially has to endorse that
• 5:22
  pretty quickly before somebody else does.
• 5:25
  And I think that, you know, if you, if the US wants to maintain
• 5:27
  control of the global financial system and the dollar, it makes
• 5:30
  every sense to get on board with Bitcoin pretty quickly.
• 5:33
  Because you know, if what would happen if China did, for
• 5:37
  example, I think that would be, it would be important to get
• 5:40
  that, you know, to get that stake in quickly.
• 5:42
  For those of you who don't know how this works, yes money is
• 5:45
  actually created out of thin air and it was done through
• 5:47
  fractional reserve banking. In a video posted 13 years ago,
• 5:51
  this is actually explained of how this works and how money is
• 5:54
  yes in fact created out of thin air.
• 5:56
  This is possible because of what's referred to as fractional
• 5:59
  reserve lending. The way it works is that the
• 6:03
  Federal Reserve or the central bank in any country is legally
• 6:07
  allowed to determine the amount a bank must have on reserve.
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  In the US, it's currently around 10%.
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  So if you deposit $10,000 into the bank, the bank sets aside
• 6:19
  10% or $1000 and then loans out the rest of your money.
• 6:25
  The way it works is say another person comes into the bank and
• 6:29
  asks for a car loan of $9000. At this moment the bank loans
• 6:34
  out the $9000 from your original deposit.
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  It isn't there anymore. The borrower then pays the
• 6:41
  person selling the car and they go deposit the money into
• 6:45
  another bank which is part of the same central banking system.
• 6:49
  This $9000 is treated as a new deposit and the process
• 6:54
  continues. The money gets re deposited and
• 6:57
  re loaned until the initial deposit of $10,000.
• 7:01
  It comes $100,000. Well since 2020 they don't even
• 7:05
  need to hold 10% reserves. Their fractional reserve
• 7:08
  requirements are 0%. So literally infinite money
• 7:11
  printing. Even Grok knows it's a scam and
• 7:13
  says that Bitcoin is the only option out.
• 7:15
  Bitcoin was created to solve a problem to separate money from
• 7:19
  the state, that there would not be a central party in between
• 7:21
  people that want to transact and move value.
• 7:24
  All you have to do is look at the first page of the White
• 7:26
  paper, which I encourage everyone to do, which is it only
• 7:29
  sought out to solve one problem, which is verifying that there's
• 7:35
  no double spending. You're not spending twice
• 7:39
  without having to rely upon a third party.
• 7:41
  Like it literally is. Just how do we transmit money
• 7:46
  without having to rely on a Visa or MasterCard or bank to tell us
• 7:50
  that this was not a double transaction.
• 7:53
  That was it. That was the innovation.
• 7:55
  And the title of the white paper is Electronic Peer-to-peer Cash.
• 8:01
  That was the dream, that was the intention.
• 8:04
  And it was supposed to be a way to transmit money rotocol for
• 8:08
  the Internet to transmit money anywhere without a Visa or
• 8:11
  MasterCard or a bank or any gatekeeper whatsoever.
• 8:14
  That's the mission and that's what we're after Sure, Bitcoin
• 8:17
  is held as a store of value and it will continue to gain value
• 8:20
  overtime, but let's realize on days like today, it's not all
• 8:23
  about price. Let's take a quick break and
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  One of the reasons that you can protect your corn from the state
• 8:57
  is by removing it from third party exchanges like Coinbase
• 9:01
  and others. Take self sovereignty and self
• 9:03
  custody of your financial future and your wealth.
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  meeting at the bitcoinway.com/simply Bitcoin.
• 9:22
  Let's get back to the show. When you look at what's
• 9:24
  happening in the broader market, you need to understand the long
• 9:27
  term implications of what's happening and why the biggest
• 9:30
  risk is not owning Bitcoin. Everyone has this blind spot.
• 9:33
  This blind spot is they're worried about the risk of owning
• 9:37
  Bitcoin when they don't realize the risk of not owning it.
• 9:39
  And so this blind spot can be explained with two assets.
• 9:43
  Think about real estate. Real estate is the best
• 9:46
  performing asset class in the world, particularly in the US,
• 9:50
  but generally in the world. And if you really think about
• 9:54
  it, it has tons of write offs, it has tons of depreciation.
• 9:58
  It has tons of reasons to make it look like the asset actually
• 10:01
  is falling apart, which it is because actually property needs
• 10:05
  lots of maintenance. So how could it possibly be that
• 10:09
  real estate continues to go up in value when actually it's
• 10:12
  getting all these favorable tax treatments?
• 10:15
  Is the wood becoming organically polymerized into super wood by
• 10:20
  itself? Is it becoming titanium and
• 10:22
  steel over time organically? No, it's actually not.
• 10:25
  And I would say the same thing with gold.
• 10:27
  Gold by it's definitional element is not changing.
• 10:30
  So how is this thing constantly just going up in value?
• 10:33
  And if you really think about it, they're not going up in
• 10:36
  value. It's the dollars that are going
• 10:39
  down. Once you see that, it becomes
• 10:44
  really obvious that Bitcoin is actually a better asset
• 10:49
  imaginable to own for those same reasons of real estate and gold.
• 10:53
  It's the dollars that are going down, and they will continue to
• 10:56
  go down when measured against hard assets.
• 10:58
  There's endless amounts of money being created in the banking
• 11:01
  system and that's why Bitcoin is a hedge against the future
• 11:04
  inflation that will come. What?
• 11:06
  You can see in the data right now is that either the growth of
• 11:09
  looking at the growth of bank balance sheets, it's being
• 11:12
  driven a lot by purchases of government debt.
• 11:15
  This is monetization. So you know what we're doing is
• 11:18
  we're embarking down the route of monetary inflation.
• 11:21
  I mean, these are the fears that everyone's got and that monetary
• 11:24
  inflation is ultimately going to come through in terms of
• 11:27
  devaluing people's wealth or just increasing the cost of
• 11:30
  living. And So what you need is
• 11:32
  dedicating monetary inflation hedges and that means gold, it
• 11:35
  means Bitcoin, etcetera. And I think the, you know, the
• 11:38
  whole, I mean, Bitcoin in my view is definitely the future.
• 11:42
  And I think that the US officially has to endorse that
• 11:46
  pretty quickly before somebody else does.
• 11:49
  And I think that, you know, if you, if the US wants to maintain
• 11:51
  control of the global financial system and the dollar, it makes
• 11:54
  every sense to get on board with Bitcoin pretty quickly.
• 11:57
  Because you know, if what would happen if China did, for
• 12:01
  example, I think that would be, it would be important to get
• 12:04
  that, you know, to get that staking quickly.
• 12:06
  Once you understand these core concepts, you're not going to be
• 12:09
  wondering about what bitcoins doing today, this week, this
• 12:11
  month, but what bitcoins doing this decade, this century.
• 12:15
  The impacts are astounding. Don't overcomplicate the trade.
• 12:18
  Continue to invest in your Bitcoin journey by coming to
• 12:20
  hang with the Simply Bitcoin crew at the Mining Disrupt
• 12:22
  conference from November 11th through November 13th in Dallas,
• 12:25
  TX. Get 20% off your tickets by
• 12:27
  using the promo code Simply Bitcoin.
• 12:29
  I hope you learned something new and I hope you learn how to zoom
• 12:31
  out on days like today. Stop looking at the price.
• 12:34
  Look at the big things that are happening in the market and the
• 12:36
  blending between the money and the state.
• 12:38
  Bitcoin is freedom money. Opt out.
• 12:40
  This is Dante Koch with Bitcoin. Simply Happy stacking.