Latest / Simply Bitcoin / Bitcoin Hits $700K After THIS!? | Simply Originals
Transcript
- 0:00You better strap on those wartime stack bases it's on,
- 0:03ladies and gentlemen, and it is time to get prepared.
- 0:06Hey, he said it. And if you recall what happened
- 0:10after Larry Fink said this? This rally is way beyond the
- 0:14rumor. I think the the rally today is
- 0:16about a flight to quality with all the, you know, all the
- 0:20issues around the Israeli war, now global terrorism.
- 0:26And I think there's more people running into a fight.
- 0:29The quality, whether that is in treasuries, gold or crypto,
- 0:33depending on how you think about it.
- 0:34And I believe crypto will play that type of role as a flight to
- 0:38quality. Then we have a sign of things to
- 0:40come, and the bombs are flying and Bitcoin hasn't flinched.
- 0:45So what happens next? I'll tell you what happens next.
- 0:48They're going to print so much money it'll make your eyes
- 0:51bleed. And Bitcoin is a proxy for how
- 0:54basically the Fiat world disintegrates and the clock just
- 0:57got speed up massively. Make no mistake, fiat's
- 1:01reckoning is upon us. War makes us absolutely sick
- 1:06because we know the truth, don't we?
- 1:08War is a racket and now they have real consequences and real
- 1:12problems on their hands. Capital rules are being gutted
- 1:16in silence while state media channels scream about world
- 1:20changing surprises and existential threats.
- 1:23The mask is coming coming off and the system is trying to
- 1:27ignite theater to distract us from the fire beneath the floor.
- 1:31Not only is stealth QE taking place, but stealth yield
- 1:35control. And just in, Iran's biggest bank
- 1:38has been wiped out in a cyber attack and Iranian crypto
- 1:41exchange Nobatex has been hacked for 81.7 million.
- 1:45Not your keys, not your cheese. We have an absolutely massive
- 1:50Newsday today and by the end of the video you, like Larry Inc,
- 1:55will not be surprised when Bitcoin hits 700K.
- 1:58Welcome back. I'm Rustin and it's time the
- 2:01second. Part of the game of the dollar
- 2:10is that it looks stable, but it's leaching value.
- 2:15Every second of every day from your hard work is being leached
- 2:19away. Bitcoin is the opposite in that
- 2:23you are gaining purchasing power for your hard work every single
- 2:26day. And yes, the price vacillates in
- 2:29Fiat money terms is an indication of the weakness of
- 2:31Fiat money. It has nothing to do with the
- 2:34wakeness or relative strength of Bitcoin.
- 2:36One Bitcoin equals one Bitcoin, just like 1 ounce of gold equals
- 2:401 ounce of gold. You know, gold is now hitting
- 2:42new all time highs. It's still one ounce of gold
- 2:46that the amount the supply, the global supply, which is roughly
- 2:50up maybe 3% a year, It's not dramatically changed from a year
- 2:55ago, two years ago, three years ago, but the price is up
- 2:58dramatically. What what's that telling us
- 3:00that's telling us that the Fiat money world is, is that losing
- 3:04confidence? OK.
- 3:06Now, if you look at Bitcoin versus gold, well, gold's been
- 3:10around for a long time. It's got a total market cap of
- 3:12roughly 1314 trillion dollars Bitcoin to maybe one $1.2
- 3:16trillion. You know, Bitcoin's going to at
- 3:19least equal the market capitalization of gold in dollar
- 3:22terms. So you've got now a 1314 X just
- 3:26to get to gold, which is a lot higher than the current price.
- 3:29And then of course, it should exceed gold.
- 3:31It should also demonetize not only gold, but demonetize the
- 3:35bond market, demonetize the property market, demonetize the
- 3:38stock market. So now you're talking about
- 3:41Bitcoin worth 100 trillion, 200 trillion, 300 trillion.
- 3:45These are all completely within the realm of highly probable
- 3:51going forward. And so therefore don't look at
- 3:58the price. The price is the least
- 4:00interesting data point of Bitcoin.
- 4:02It tells you just about nothing versus the hash rate or the
- 4:09difficulty adjustment or any of the other underlying metrics of
- 4:14of the protocol are much more telling and informative about
- 4:18what's happening than the price. The price is just a proxy for
- 4:21how about how quickly the Fiat money world is disintegrating?
- 4:26And the Fiat money world is losing confidence and
- 4:29disintegrating in real time. And with everything happening
- 4:32now, not only has the Deagle report crossed my mind, but I'm
- 4:36sure you guys remember when Ray Dalio said this.
- 4:40I think that right now we are at a decision making point and very
- 4:46close to recession and I'm worried about something worse
- 4:50than a recession if this isn't handled well.
- 4:53A recession is 2 negative quarters of GDP and whether it
- 4:56goes slightly there, we always have those things.
- 5:00We have something that's much more profound.
- 5:02We have a breaking down of the monetary order.
- 5:06We are going to change the monetary order because we cannot
- 5:09spend the amounts of money. So we have that problem.
- 5:12And when we talk about the dollar and we talk about
- 5:15tariffs, we have that we are having a profound changes in our
- 5:19domestic order, how ruling is existing and we're having
- 5:23profound changes in the world order.
- 5:26Such times are very much like the 1930s.
- 5:29I've studied history and this repeats over and over again.
- 5:32So if you take tariffs, if you take debt, if you take the
- 5:36rising power, challenging the existing power, if you take
- 5:40those factors and look at the factors that those changes in
- 5:44the orders, the systems are very, very disruptive.
- 5:48How that's handled could produce something that is much worse
- 5:52than a recession. Remember when we talked in the
- 5:54intro about stealth yield curve control?
- 5:57This is what just went down. the US quietly pulled the financial
- 6:00sleight of hand. Banks no longer need to hold as
- 6:03much capital when trading U.S. Treasuries.
- 6:05Translation. Less risk on paper, more room to
- 6:08hoard government debt. Instant demand boost for
- 6:11treasuries, just not the organic kind.
- 6:14It's not policy. It's more like a SOS and what it
- 6:17really means. Well, the Treasury market, the
- 6:20global financial spine is wobbling hard.
- 6:23It's got some massive scoliosis going on.
- 6:26And here's the ugly math 1 to 2 trillion in new US debt every
- 6:30quarter. Foreign buyers are leaving the
- 6:32party and domestic buyers can't keep up.
- 6:35Hence the genius act. Yields are getting weird.
- 6:38So they changed the rules to force feed banks more debt.
- 6:41Stealth yield curve control is now live and the message is the
- 6:46system can't stand on its own anymore.
- 6:48So enters the Iran distraction. What's a collapsing debt system
- 6:53to do? Cue the chaos.
- 6:55War equals an excuse for more spending.
- 6:58It's also an attention magnet. It can provide a moral cover for
- 7:01printing money. And war is the delay button on
- 7:04facing hard truths. Iran headlines help shift the
- 7:08public gaze away from the fiscal rot.
- 7:11And the truth is the US dollar system now runs on belief.
- 7:14And when belief starts cracking, forget economics.
- 7:17Welcome to narrative warfare. And the narrative warfare isn't
- 7:22going well for the military industrial complex.
- 7:25This clip is nuts. Check it out.
- 7:27How many people live in around by the way?
- 7:29I I don't know the population. At all.
- 7:32No, I don't know the population. You don't know the population of
- 7:35the country you seek to topple. How many people live in around?
- 7:3992 million, OK, Yeah. How could you not know that?
- 7:44I I don't sit around memorizing population tables.
- 7:47Well, it's kind of relevant because you're calling for the
- 7:49overthrow of the government. Why is it relevant, whether it's
- 7:52because 90 million or 80 million or 100 million, what?
- 7:54Why is that? If you don't know anything about
- 7:56the country, I. Didn't say.
- 7:57I don't know anything about OK. What's the ethnic mix of Iran?
- 8:01They are Persians and predominantly Shia.
- 8:03OK, there's no it's. Not even you don't know anything
- 8:06about Iran, so OK. I am not the the Tucker Carlson
- 8:10expert on Iran. You're a senator who's calling.
- 8:12You're the one who's the government, the one who claims
- 8:15you. Let the country.
- 8:16No, you don't know anything about the country.
- 8:17You're the one who claims they're not trying to murder
- 8:19Donald Trump. You know I'm not saying that.
- 8:21Who can't figure out a saying you don't get to kill General
- 8:24Soleimani and you said it. Was bad if they're trying to
- 8:26murder Trump, yes I do because you're not calling for military
- 8:28strikes against them in retaliation.
- 8:30If you really. We're carrying out military
- 8:32strikes today. You said Israel was right.
- 8:34With our help, I've said we Israel is leading them, but
- 8:38we're supporting them. Well, this you're breaking news
- 8:40here because the US government last night denied the National
- 8:43Security Council spokesman Alex Pfeiffer denied on behalf of
- 8:46Trump that we were acting on Israel's behalf in any offensive
- 8:49capacity. We're not bombing then Israel's
- 8:51bombing them. You just said we were.
- 8:54We are supporting. Israelism, Sierra Senator, if
- 8:56you're saying the United States government is at war with Iran
- 8:59right now, people are listening. I haven't seen the Fool, but
- 9:01there was another clip released and it didn't do old Ted any
- 9:04favors either. But hey, maybe we should cut Ted
- 9:07some slack, guys. I mean, he's been spanking
- 9:10plank, putting in 40 hours per week.
- 9:12He didn't have time for all this nonsense, but while he was
- 9:15putting in those forty hours per week, maybe he missed a couple
- 9:18clips. And these clips are absolutely
- 9:20critical to understanding the importance and significance of
- 9:24of Bitcoin. Here we go.
- 9:25People are parking their capital in it so that market cap
- 9:29increases and it's a real attack on Fiat money.
- 9:34I think this is what what's really shaping the global
- 9:37economy right now, Jimmy, is that central banks are freaking
- 9:41out because they realize that their model of central bank is
- 9:45now being disintermediated by Bitcoin.
- 9:49And that the central banks and particularly the US central
- 9:52bank, the Fed is nervous because not only are the bricks and
- 9:57other nations now getting out of the using the dollar completely,
- 10:00they're using their own currencies.
- 10:02So usage of the dollar is declining, but Bitcoin offers
- 10:06things that the dollar can't do. For example, it's unsensible.
- 10:09Whereas in the dollar, using a SWIFT system of global
- 10:13transactions, if you recall, the US put a sanction on Iran not
- 10:17too long ago or the US sees some Russian assets recently.
- 10:21With Bitcoin, that's impossible. You can't do it.
- 10:23It's just a free market and it's a pure free market.
- 10:26And it, and this is another key point that I say, which I don't
- 10:29think anyone else in the space really pushes this point so much
- 10:32as I do, but Bitcoin demonetizes violence and it demonetizes war
- 10:38because it is unconfiscatable. So there's no point in trying to
- 10:42rob you of it of your property if it's impossible for me to
- 10:46obtain your property if you have a seat phrase to your wallet and
- 10:50it's protected by multi signatures and it's impossible
- 10:54to get your Bitcoin so therefore the whole.
- 10:56Idea of. Using violence to obtain wealth
- 11:00or to obtain property is demonetized, It's diminished,
- 11:04and I think this is one of the most profound aspects of
- 11:06Bitcoin. And we're going to.
- 11:08We see that in El Salvador there is a real abhorrence by the
- 11:12president of violence. You put 70,000 gangsters in
- 11:15jail, terrorists, you put them in jail and there's an outbreak
- 11:19of love and peace. I think in part because of
- 11:22Bitcoin is really the attitude here is fantastic.
- 11:24People are often. Short, what our friend Ted must
- 11:28understand is that Bitcoin makes violence expensive and peace
- 11:32profitable, and also this. Euros are going to 0, the yen's
- 11:36going to 0, the Chinese currency is going to 0.
- 11:38It's all going to zero against Bitcoin.
- 11:41You don't understand that yet. You're going to be impoverished.
- 11:44You're going to be on the street, you're going to be
- 11:46begging, you're going to be out of business.
- 11:48You're going to be toast. Next.
- 11:49Do you know that it's a? Criminal offense.
- 11:51To tear up. Do you know that with the
- 11:53Bitcoin I have, I can buy any freaking senator or congressman
- 11:57I want. I make the laws.
- 11:58He who has the Bitcoin makes the laws ran We're we're not going
- 12:01to just sit around and let the God damn God tell us what to do.
- 12:05We've got the capital, we make the laws.
- 12:07We've got the Bitcoin thing, don't we?
- 12:10Got it. They don't, you understand?
- 12:13There is no stopping this train, it actually just speed up.
- 12:16Everyone's models are about to be destroyed.
- 12:19This is why Eric Sembler and many others are expecting a
- 12:22violent repricing of Bitcoin in the near future.
- 12:25The big print is here. This may be the last print that
- 12:29totally crushes the system. But before I reveal my strategy
- 12:33to end this war and why $1,000,000 Bitcoin is coming
- 12:37sooner than expected, look at our Likes 3.
- 12:39Four times maybe? I pump those numbers out.
- 12:41Those are rookie numbers in this racket.
- 12:44Don't forget to like, subscribe and give us a PAMP while we
- 12:46recognize our sponsors powering this show over at the Bitcoin
- 12:50way. You saw the news in the intro.
- 12:52Nation states are hacking banks and crypto exchanges.
- 12:55Now is not the time to fack around with your generational
- 12:58wealth. And if you are looking to learn
- 13:00how to get your Bitcoin off exchanges and into self custody.
- 13:04If you want to learn to run a node and take back your privacy,
- 13:07you're going to want to head over to the Bitcoin Way and
- 13:09begin your journey towards sovereignty today.
- 13:11If you're looking to get started, you can schedule a free
- 13:1330 minute consultation using that link in the show notes.
- 13:17Oh, and have you ever tried to explain this to your friends and
- 13:20they just roll their eyes and ask if you caught the game last
- 13:23night? Well, boom, we got you covered.
- 13:25The Orange Pill app is the single largest repository of
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- 13:40Go ahead and meet up and who knows the connections you make
- 13:42could last a lifetime. Big finish time.
- 13:45Now let's begin with a simple low cost game plan to end the
- 13:49wars. Now this strategy is bold and a
- 13:52bit, how should we say creative, but I present to you the
- 13:56strategy. Now this will come at a slight
- 13:58expense to the taxpayer, but nothing near what we're doing
- 14:01now. It's peanuts we're talking about
- 14:03here. We parachute him in and he
- 14:05bankrupts the company by annoying people and the
- 14:08government into Yoloing into shit coins.
- 14:11It's a bold strategy, but a strategy nonetheless.
- 14:14Possibly worth, you know, taking a look at now, since that option
- 14:18isn't likely to be implemented and the big print likely is.
- 14:23Well, that's why Ricky Salinas sees $1,000,000 Bitcoin on the
- 14:26horizon. Bitcoin is a new global reserve
- 14:29asset. It will surpass gold.
- 14:32So take that as take home values from this talk.
- 14:36One thing Bitcoin will be more valuable than gold shortly.
- 14:43Now today, you know, at the $105,000 per Bitcoin, the 2
- 14:51billion, the 20 million bitcoins that are out there, well,
- 14:55they're worth, you know, 2 point something trillion gold is worth
- 14:59like 16 trillion. So Bitcoin should go up at least
- 15:04eight times to equate the storehouse or the, the, the
- 15:10value storage capacity of gold. And I have no doubts that it
- 15:14will happen very shortly. I mean, I wouldn't say what, but
- 15:17if, I mean, if you look at any trend gold in, in terms of
- 15:22Bitcoin, that trend is going down.
- 15:24And, and it's so, so easy to see, you know?
- 15:28The war machine now has consequences and nothing stops
- 15:32the train of consequences. Oh and guys, don't forget to get
- 15:35those tickets to Mining Disrupt 2025.
- 15:38It's obvious the hash war is heating up and the biggest
- 15:41Bitcoin mining event of the year is heading to Dallas, TX
- 15:44November 11th through the 13th. See the latest innovations, hear
- 15:48from industry leaders and catch Simply Bitcoin at the news desk.
- 15:51We hope to see you there. And don't forget to use promo
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- 15:57It's been 1 hell of a week my friends.
- 15:59I know it's rough but we know who wins in the end.
- 16:02Hope you guys enjoyed this one. Don't forget to lack subscribe
- 16:05and give us a PAMP by sharing the sound money gospel and set
- 16:08those notifications for the best in Bitcoin delivered to you
- 16:11daily. Hey, love you guys.
- 16:12Catch you next time. If you prefer to go down with
- 16:15the ship. You.