Latest / Simply Bitcoin / Bitcoin to $10 Million? | The $1 Quadrillion Market Bitcoin Is About To Devour! | Bitcoin Simply

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Bitcoin to $10 Million? | The $1 Quadrillion Market Bitcoin Is About To Devour! | Bitcoin Simply · Simply Bitcoin

0:00
Big opportunities in life have to be seized.
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We. Don't do very many things, but
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when we get the chance to do something that's right and big,
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we've got to do it. And even to do it in a small
0:11
scale is just as big a mistake almost.
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As not doing. It at all.
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I mean, you've really got to, you got to grab them when they
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come and because they you're not going to get 5. 100 great
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opportunities. In the world of government
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overreach, sanctions, unlimited money printing, the single
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greatest investment opportunity right now is Bitcoin.
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For boomers that were coming of age duringthe.com bubble, that
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was Amazon. Today we're going to walk
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through the valuation of Bitcoin through a value investors lens.
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Why Bitcoin can reach 10 million a coin, why it's going after the
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one quadrillion settlement market and why Bitcoin would be
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the number one investment for some of the legendary value
0:47
investors in the world like Warren Buffett if they were our
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age today. For all you value investors out
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there, this one's for you. This is Dante Coca Bitcoin.
0:55
Simply, let's go. People who look at this and are
1:04
saying, Oh, well, once it gets to a million, I'm going to sell
1:07
and I'm going to take some massive, you know, returns.
1:11
They don't. What they're really saying is
1:14
they have no clue what's actually playing out here 'cause
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if this, if, if this goes to a million, it's going to 10
1:20
million, it's going to 100 million.
1:22
It's going to look like a Zimbabwe note of 100 trillion
1:26
units. And that's what I think if you
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think it's just going to go up to 500,000 and then it's going
1:35
to kind of stop there. And that's kind of like where
1:38
where it ends and like that's the end of Bitcoin.
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It's now, you know, stabilized at 500,000.
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You really do not understand like what's playing out here.
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And, and I think the higher that you go like that, the more, the
1:52
more aggressive the bid is actually going to get and, and
1:56
kind of get away from legacy policy makers and people
2:00
controlling currencies, Fiat currencies as, as we know them.
2:05
Now. When, when does that happen?
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I don't know when that happens. I don't know if it's this cycle,
2:09
next cycle or whatever. I, I don't know, but people that
2:13
are that are suggesting that Bitcoin is going to have smaller
2:17
and smaller returns into the future, I think are getting
2:22
duped a little bit as to like what kind of plays out in the
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middle of that S curve. I I think that's what's
2:29
happening with with those kind of ideas and comments.
2:35
That was a clip from Preston Pish, one of the legends in
2:38
value investing in Bitcoin education.
2:40
Preston stepping out of the game after 12 years to focus on his
2:43
family. After all, that's what we're all
2:46
after from making these investments, the ability that
2:49
the wealth provides for us to spend time with the people that
2:52
matter the most. I want to dedicate this episode
2:54
to Preston because he's the reason that I got into Bitcoin.
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2015 was the first time I'd ever heard about Bitcoin.
3:00
A friend of mine was mining Bitcoin and Ravencoin in their
3:03
rent to own furniture store. And at the same time, I was big
3:07
into value investing. I read and listened to
3:09
everything I could to study the greats and my number one source
3:12
of info was Stig and Preston. They dropped their first episode
3:16
of the Investors Podcast back in November of 2024.
3:19
I started to learn everything about takeovers, about value
3:22
investing, cigar butt investing, the Fed, how currency works, and
3:26
that in April of 2015 they dropped this episode.
3:29
What in the World is Bitcoin? He explained the problem that
3:32
Bitcoin solves in the world of unlimited money printing.
3:35
They talk. About the different forms of
3:36
money and how the best type of money to use.
3:40
And so when you go back into you know hundreds of years ago, the
3:44
type of money that they that they'd always try to use was
3:47
something that was very durable something that could hold up
3:49
over time. Something else that they wanted
3:51
to use was something that couldn't be replicated or, or
3:54
just, you know, produced on a whim like paper.
3:57
And so that kind of talks to the reason why cryptocurrency has
4:01
really emerged is because you can't increase the supply of the
4:06
money. So that's what they're trying to
4:07
get around here is all these governments, they're printing
4:09
money through the nose. They're just printing as much
4:12
money as they can because then that drops the value of their
4:15
currency, increases their exports out of the country,
4:17
which produces their GDP to go up.
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And So what you have is this race around the world for people
4:22
to devalue their currency by printing more.
4:25
And so this cryptocurrency solves that problem by stopping
4:29
that by having a fine amount, a limit, a cap if you will, on the
4:34
amount of currency that's in the system.
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Bitcoins value stems from its finite supply in the world of
4:40
unlimited money printing. That's why it's the ultimate
4:42
value investment. And even still, it's still
4:46
misunderstood. So Bitcoin is full of lies, it's
4:50
full of misinformation, it's full of.
4:51
Lies. It's also.
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Full of criminals. Jeffrey Epstein funded Bitcoin
4:56
development in 2015 secretly via the MIT Media Lab.
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Only 5:00 to. 6%. Of the population is really,
5:02
really into crypto, if you got the polling, there's another
5:04
about 10% that are sort of playing around with it.
5:07
If you're. Part of the 84% of the country
5:09
that is never crypto. Congratulations, right?
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No, Bitcoin is not full of lies. It's actually a transparent
5:15
Ledger where you can actually see every transaction and thing
5:18
that's ever happened in the history of the network from
5:20
beginning to end, and it updates itself every 10 minutes.
5:24
It's unhackable, unchangeable, unsensorable, and unforgeable.
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So how is it full of lies? This is the common perception
5:31
among most investors in mainstream media talking heads
5:34
like Ben McKenzie across the world.
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And This is why Bitcoin is still incredibly misunderstood.
5:38
One thing that people don't understand is that in a world
5:41
where the dollar in the financial system is weaponized,
5:43
more and more people are going to go into assets like Bitcoin.
5:46
Bitcoin is a way out. Yeah, I, I think that's the not
5:50
a correct characterization. Yesterday we announced Operation
5:54
Economic Fury and we for over a year we have had maximum
5:59
pressure on the Iranians both on blocking payments into the
6:05
Iranian state and going after the accounts of the IRGC.
6:09
One of the what may prove to be fatal mistakes that the Iranians
6:14
made was bombing their GCC neighbors and who are now
6:19
willing to be much more transparent in terms of the
6:22
funds or do a deeper dive in investigating the funds that are
6:27
held within their banking system.
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So we have pushed out to them the request that we want to
6:34
freeze more funds of the leadership of of the IRGC and
6:40
any members of Iranian leadership.
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The other thing that we have done is we have told company, we
6:45
have told countries, they that if you are buying Iranian oil,
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that if Iranian money is sitting in your banks, we are now
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willing to apply secondary sanctions, which is a very stern
6:58
measure. And the Iranians should know
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that this is going to be the financial equivalent of what we
7:04
saw in the kinetic activities. Bitcoin is not only a tool for
7:09
sovereign nations globally, it's also going to be a tool for the
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future federal governments around the world.
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Currently, Fedwire is primarily the largest source for where
7:17
central banks and large institutions settle money
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globally. It actually settles about 1
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quadrillion dollars worth of settlements every single year in
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Bitcoin. There's about half a trillion
7:28
already and it's just getting started.
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This makes it one of the ultimate value investments that
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we have an opportunity to take part of right now, the one
7:37
quadrillion dollar market. Listen to this conversation
7:40
between Marty Bent and Matt Mazinkus.
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What people say inflation is, or don't admit that inflation is.
7:46
The bottom line is central bank balance sheets over the course
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of a year on average since 1970 have grown at an exponential
7:55
rate of 12.5% per year. So Bitcoin growing at 40% per
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year, though volatile, though we go through these bear markets,
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Stillwell outperforms that as long as you hold it for four
8:10
years, as long as you hold it for about that four year number,
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get through a cycle, get through having you're going to be
8:15
winning and you're going to be winning against all central bank
8:18
balance sheets in the world. So that's really the bottom
8:21
line. Of course, I don't have like too
8:22
many charts here, but I do have your favorite one.
8:24
I do have your favorite one, which is the the flow of base
8:28
money. So this one, just to show you
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again, this is the dollar value transacted on the network really
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peaked in 2021, still interestingly at 63 trillion.
8:42
So 63 trillion over the course of 12 months in dollar terms.
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So it's actually just Bitcoin flowing through the network in
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dollar terms. Now it's only about 25 trillion.
8:57
And if you think about that versus what Fedwire does, which
9:00
is still the big boss, it's very small.
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As you know, we've talked about this many times.
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You know, you, you like this chart and I wanted to get it
9:09
updated for you. So it's 1.1 quadrillion dollars
9:14
trailing 12 month in Fedwire. So we got we got a long way to
9:16
go. But still if you if you just did
9:20
a little ratio of that, we're getting there, we're getting
9:24
there only 46 times smaller than Fed wire.
9:27
But if you just look at that number and if you look at the
9:30
general trend, we're in the right direction.
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Bitcoin is a globally decentralized asset.
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That is the only thing that can maintain its scarcity in the
9:39
world of AI. As a value investor, this is a
9:42
pretty good Moat, A Moat that can't be disrupted.
9:45
Not only does it have a finite supply of coins, it also has a
9:48
finite supply of energy that it utilizes to provide a utility
9:52
for 8 billion people across the globe.
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And this energy source, this energy network, well, it
9:58
participates willingly, not with coercion, not out of necessity.
10:03
And it secures this nearly $1 trillion asset class that
10:06
provides the store value, meaning that it's going to be
10:09
incredibly difficult for this thing to go away because there's
10:12
always going to be incentive to people who want to mine Bitcoin
10:15
to receive the rewards from that mining.
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Therefore, the network will continue to sustain itself.
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So what's going to kill Bitcoin? What's the execution risk?
10:24
This is the kind of thinking that a value investor would
10:26
have. Value investors don't tend to
10:28
sell their winners when they understand something is
10:30
misunderstood. They go in and they go in
10:32
heavily. They put their eggs in one
10:33
basket and they watch it closely.
10:35
And when the value of their investments go up, while they
10:38
don't sell their investments, the richest people in the world
10:41
like Jeff Bezos and Elon Musk, they don't sell their Amazon and
10:44
Tesla stock. When the value of it goes up in
10:47
dollar terms, they borrow against it.
10:49
They continue to borrow against that asset and then they pass it
10:52
to their heirs with a step up in cost basis.
10:54
This is exactly what the normal person can do now with Bitcoin.
10:57
With Leaden, you can borrow against your Bitcoin stack
11:00
without realizing capital gains and just pay back the interest
11:04
that you owe on that loan. You can repay it back anytime.
11:08
Loans are about half of what you could get with a credit card,
11:10
and there's no credit checks at all.
11:12
You pay back your Bitcoin whenever you want to.
11:14
Fiat gets in your account in less than six hours and that's
11:17
why people globally trust Leaden as the leader in this market.
11:21
Go to learn dot leaden dot AO slash simply to get started.
11:23
One of the things that the richest people do is they
11:26
control their assets. They put them in trust, they put
11:28
them in safes, they put them in gold vaults that are protected
11:31
24/7 by guards. Well, you can have that same
11:34
thing with Bitcoin. Just like the richest people in
11:36
the world, you can manage your own private keys and own your
11:39
sovereignty in your own hands, but you could do so with the
11:41
coaching from the experts. The team at The Bitcoin Way will
11:44
walk you through exactly how to maintain your sovereignty with
11:47
Bitcoin, just like the richest people in the world.
11:49
Go to thebitcoinway.com/partner/dante
11:52
Dash Cook to get started. Like we talked about on this
11:55
show, the richest people, well, when they make their gains, they
11:58
don't sell. If you were to invest in the IPO
12:00
of Walmart when it started, you would have made 500 extra gains.
12:04
But if you had waited 10 years, you might have thought that you
12:06
were late. You weren't late, you still
12:08
would have made 30X for money. You're not too late to the game,
12:12
and when you make your gains, the biggest mistake that you can
12:15
make is selling too soon. This memo on selling out, I told
12:18
the story of Amazon. And as I recall, yes, I think
12:23
Amazon was 90 in 99 on the tech bubble.
12:29
And then when the bubble burst in 2000 or 2001, it was 6.
12:34
So it went from 90 to six. It was down 93%.
12:39
So what if you were smart enough to buy it at six?
12:43
Would you have held it at 12? Or would you have said, well,
12:47
I've doubled my money, I'm going to take my take some off the
12:50
table. I'm going to take out my cost
12:52
and let my profits ride. And let's say you held it at 12.
12:59
You're tough. What about when it got to 60 and
13:03
you've made 10 times your money? Would you sell it?
13:07
Most people would. What about when it got to 600
13:12
and you made 100 times your money?
13:13
Would you sell half? Would you sell 3/4?
13:16
Would you sell 90%? And you know, at the time I
13:19
wrote it, as I recall, Amazon was 3300.
13:24
So if you sold it at 600 when it was up 100 times, you left
13:28
basically 85% of the money on the table.
13:33
So you should. It should not be your negative,
13:40
your natural inclination to sell because things are up.
13:44
And you know, Buffett says he made all his money on 12 ideas.
13:51
Guy invested for 70 years, says he made all his money in 12
13:56
ideas. Charlie Munger, who is a friend
13:57
of mine, Warren's partner, used to say he made all his money in
14:00
four ideas. He didn't have as many good
14:02
ideas as there were, so it, but it so if you if you tend to
14:08
think that a great idea or what what nowadays they call a
14:13
compounder, if you if you if you realize how scarce they are and
14:19
that you're not going to find a lot of them, then the big
14:22
mistake is getting off too soon. So I think that is that is
14:27
something that has to be redressed.
14:29
That was Howard Marks, one of the greatest value investors of
14:32
all time. People will say just because
14:33
Bitcoin has increased thousands of percent for other people,
14:36
well, it's too late for me to get in.
14:38
No network effects have their way of continuing to get larger
14:41
and larger over time. Most of the time, you don't
14:44
recognize how fast they're getting and how big they're
14:46
getting until it's Amazon and there's a thousand boxes on your
14:49
doorstep and your neighbour's doorsteps every single day.
14:53
Then you realize that this value investment has a market effect
14:56
that allows it to not be displaced.
14:58
And that's exactly where we are with Bitcoin.
15:01
Bitcoin is sort of like the Internet back in the day, The
15:03
Internet deal, that memory deal, that Internet deal.
15:07
Yeah, it turned out to be a pretty big thing.
15:09
Listen to this conversation between David Letterman and Bill
15:11
Gates. Shout out the Bitcoin Archive
15:13
for pulling this back up. You know, I think about this and
15:16
what about this Internet thing? Do you do you know anything
15:17
about that? Sure.
15:19
What? What?
15:20
The hell is that exactly? Well, it's it's become a place.
15:24
Where people are. Publishing information so
15:26
everybody can have their own. Homepage companies are there the
15:30
latest. Information.
15:31
It's wild what's going on. You can send electronic mail to
15:34
people. It is the big new thing.
15:37
Yeah. But, you know, it's easy to
15:39
criticize something you don't fully understand, which is my
15:41
position here. Go ahead.
15:42
But I I can remember a couple of months ago, there was like a big
15:45
breakthrough announcement that on the Internet or on some
15:48
computer deal, they were going to broadcast a a baseball game.
15:52
You could listen to a baseball game on your computer.
15:55
And I just thought to myself, does radio ring a bell?
16:02
You know what I mean? It's just.
16:06
There's. There's a difference.
16:07
There's a difference. It's not a huge difference.
16:09
What is the difference? But you can, you can listen to
16:12
the baseball game whenever you want right to.
16:14
Oh, I see. So it's stored in one of your
16:16
memory deals and then you. Can.
16:18
Come back a year later, we talked.
16:19
About earlier. Yeah, do tape recorders ring a
16:22
bell? Yeah, I just, I just don't know
16:28
what what can you just knowing me the little you know me now
16:31
what? How what am I missing here?
16:33
What do I need? What if you want to learn about
16:35
the latest? Cigars or auto?
16:37
Racing right statistics. You know.
16:40
I've got that covered. I subscribe to two British
16:43
magazines that devoted entirely to Motorsports, and I call the
16:47
Quaker State Speed Line about 2 * 1/2 hour.
16:51
So now now would the computer give me more than I'm getting
16:53
that way where you could find other?
16:55
People. Who have the same unusual
16:57
interests you do. And you mean you mean the
17:07
troubled loner chat room on the Internet?
17:11
Absolutely. I think one day I'll get one of
17:18
these deals, but I, you know, I've played with them and then
17:20
you, you know, you type it in and then you get that thing,
17:22
that little arrow. Is that the arrow?
17:23
You bet. And then it's just, you know,
17:25
it's like, oh, I get it. It's an eye test.
17:27
What are we? Don't sell your winners in order
17:30
to diversify to the losers. From a great conversation
17:33
between Peter Lynch and Warren Buffett.
17:35
It's like cutting the grass and watering the weeds. 89 I'm at
17:38
home and the phone rings and those were my friends but one of
17:41
my daughter's your 6 year old and he picked up and said she
17:44
guessed there's a Mr. Buffett on the line.
17:45
I said this got to be a joke. I pick it up and this Warren
17:49
Buffett, I'm from Omaha, NE you know I read your book.
17:51
My airport's two and two weeks. I use the line.
17:53
He said it all about 7 seconds and I said that's great I'd love
17:57
to do it. What's the line?
17:59
He said I love this. It's been waiting to do this.
18:02
When you sell your great companies and add to the losers,
18:07
it's like water in the weeds and cutting the flowers, he said.
18:10
I want to put it in, he said if you ever come to Nebraska, you
18:12
don't call me. You nailed me mud all over
18:14
Nebraska. So did you call?
18:15
Him. Oh yeah, I've said several times
18:17
we play bridge together. We've had several meetings.
18:19
Great guy. The grass in this case is
18:21
Bitcoin and the weed is every other cryptocurrency that you
18:24
think you need to get into. Some people think the big winner
18:26
in this whole cryptocurrency thing is going to be file
18:28
storage, a proof of work coin like Litecoin.
18:32
Like every other crypto scam, they experience a major hack
18:35
where 13 blocks were reorganized.
18:37
If you paid attention, insiders were telling you that the best
18:40
thing that you should do is not to invest into Litecoin, but
18:43
into Bitcoin. This comes from the founder of
18:46
Litecoin himself. My advice for myself were just
18:49
to be, I think this would be surprising to a lot of people,
18:53
but which is to be buy like buy Bitcoin, story away, don't sell
18:59
anything and don't do anything else related to crypto and just
19:03
sit on it and and be anonymous. That would be my advice.
19:08
So don't. Follow in your.
19:09
Footsteps. Correct.
19:11
Like I mean. Creating Litecoin did not really
19:14
make me more money. It was a lot of headache.
19:19
Yeah, it was. Yeah.
19:20
Just if you just buy, buy Bitcoin, keep it away, stay
19:24
anonymous, sit on it, don't sell anything.
19:28
It would be better off. Bitcoin is the ultimate
19:30
investment that doesn't have investment risk, shareholder
19:32
risk, management risk. You just invest into this asset
19:35
that's becoming more scarce every single day like
19:38
MicroStrategy buying up all the Bitcoins through preferred
19:40
investment in vehicles like Stretch or others that are
19:43
coming public like the Bitcoin Standard Treasury Company
19:46
through Adam Back. They say they're going to be the
19:48
second largest investment ahead of 21 Capital, which is Jack
19:51
Muller's and Tethers Investment Company that is also public.
19:54
The race is just now beginning. You have a dwindling supply with
19:57
an increasing demand. That seems like a good
19:59
investment opportunity that I'm willing to take a bet in every
20:02
day that Bitcoin stays alive. Like Hal Finney says, it's going
20:05
to reach that $1,000,000 or $10 million coin mark.
20:08
Bitcoin is the ultimate value investment.
20:10
And shout out to Preston Pitch for helping me to recognize that
20:14
so many years ago. Thanks for all you've done for
20:16
the community and I wish you and your family the best.
20:19
This is Dante Cook with Bitcoin. Simply happy stacking.
20:23
And if you haven't already done so, subscribe to the channel.
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20:28
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