Latest / Simply Bitcoin / Is Bitcoin Entering a DECADE-LONG SUPERCYCLE? | $5 Trillion Says YES | Bitcoin Simply
Transcript
- 0:00$5 trillion asset manager Fidelity just dropped some
- 0:03research saying Bitcoin could be entering A decade long super
- 0:06cycle. The article says we could be
- 0:07entering a super cycle that could last years into the
- 0:10future, like the commodity super cycle that spanned a decade in
- 0:13the 2000s. But on the other hand, we've got
- 0:16major Bitcoin bulls like Luke Groman who sold the majority of
- 0:19his Bitcoin stack at 95 K, saying that we could be going a
- 0:22lot lower. Then you've got others like
- 0:24Sailor or the Prime Minister of the UAE saying that Bitcoin is
- 0:28the capital asset of the future. What's it's the truth.
- 0:30There's a lot of people out there who are worried and need a
- 0:32little ammo for their father-in-law who's waiting to
- 0:35say I told you so next week at Christmas, you need a few
- 0:37talking points as to why Bitcoin isn't a failure, why we're at
- 0:41the beginning of a major upcycle trend.
- 0:43Don't worry, I got your back. This is Dante Cook with Bitcoin.
- 0:46Simply, I got you and let's go with Bitcoin at 87 K.
- 0:53You're worried about walking in the door at the holidays and
- 0:56having everybody that you talked to about Bitcoin last year
- 0:59hitting you with the I told you it was a scam.
- 1:01The only people feeling worse than Bitcoiners right now with
- 1:04Bitcoin at 87 K are Kansas City Chiefs fans.
- 1:07Praise God, I don't have to hear Taylor Swift all week with my
- 1:10girls and watch her on Sundays. But back to the story bit.
- 1:13Corners are down bad right now, especially with predictions that
- 1:16we saw early in the year at Bitcoin AT-475-K250K even 160K
- 1:22thought was super conservative and right now we're sitting at
- 1:25half that. But let me let you in on a
- 1:26secret. In financial markets, there are
- 1:28times when things are grossly mispriced.
- 1:31That doesn't mean that they're bad assets.
- 1:32There's just a major gap in between what others believe and
- 1:35what you know to be true. Let me hit y'all with some truth
- 1:37first. A couple stories come to mind
- 1:39and Matthew 13 starting in verse 44, Jesus hits US with two
- 1:42parables, the parable about the hidden treasure and the parable
- 1:45of the Pearl of great value. He says the Kingdom of heaven is
- 1:49like a treasure hidden in a field which a rich man found in
- 1:52and cover it up and with joy sold everything he had in order
- 1:55to acquire the field. It tells me two things.
- 1:57He valued what was in that field more than what he had already
- 2:00acquired. And secondly, it teaches me
- 2:02something about value and mispricing.
- 2:04This is pertinent for value in investing.
- 2:06Michael Saylor in this clip that I'm about to show you, he
- 2:09believes that what he's already acquired Fiat isn't nearly as
- 2:12valuable as the Bitcoin that he gets to buy at 1 price of sales
- 2:16that's going to grow at 30% a year.
- 2:17He doesn't enjoy and he's already rich.
- 2:20Bitcoin is the new hurdle rate. Throw $1 million, Michael, where
- 2:25will you invest and give you a percentage, please?
- 2:28Bitcoin. I bought 960 million of Bitcoin
- 2:30last week. I bought nothing of.
- 2:32Any that's the company money. I want to know your money.
- 2:35I would buy Bitcoin. The whole $1,000,000.
- 2:37Whenever I have money, I buy Bitcoin.
- 2:40Oh my God. I don't sell the Bitcoin, I just
- 2:42buy the Bitcoin because for me, if you believe in Bitcoin,
- 2:46Bitcoin as I said it, I expect it to go up 30% a year.
- 2:50That's the risk free rate. So is it.
- 2:53So every investment I could consider would have to be 30%
- 2:57without risk for me to consider it.
- 2:59So if you promised me 40% returns for the next 20 years on
- 3:03a monopoly, that would be about equivalent to what I'd get from
- 3:08Bitcoin, but I couldn't be sure, so I'd probably still buy the
- 3:10Bitcoin. Bitcoin is a digital monopoly on
- 3:14capital growing 30% a year. You can buy it at one times
- 3:18revenue. Any CEO, any investor given a
- 3:22chance to buy a monopoly growing 30% a year at one times revenue
- 3:25would think that's the best deal they've ever had in their life.
- 3:28We've done that deal over and over again.
- 3:30I will do that deal over and over again.
- 3:32And I would I would tell everybody else it's the best
- 3:34deal in the world if you're a financial investor.
- 3:38Thank you, Michael. Thank you.
- 3:39Thank you very much. It's very difficult to argue
- 3:42that honestly. I'm a Bitcoin maximalist.
- 3:45I know, I know you are. Thank you.
- 3:47You know why? Yeah.
- 3:48Thank you. Thank you for joining us A.
- 3:50Lot of people don't give this dude enough credit.
- 3:51He's literally the longest publicly traded officer there is
- 3:55out there. He's seen 99% of his peers come
- 3:57and go. He's been running a publicly
- 3:59traded company for 30 years. And right now he believes that
- 4:02Bitcoin, just like he did with Apple and the Internet and the
- 4:05mobile wave and technology to be mispriced.
- 4:07But Polymarket believes that there's a greater chance that
- 4:09Bitcoin hits 80 K than it does 150K miss pricing.
- 4:13The finance guy, and I love his take from time to time had this
- 4:16to say. I was buying the SP 500 at 3500
- 4:19when everyone was panicking about a sell off.
- 4:20I was buying gold at $2500 an ounce.
- 4:23I was buying Google stock at $180 a share when they said the
- 4:26AI bubble was about to pop. And right now I'm buying Bitcoin
- 4:28at 86 K miss pricing. In his mind, the head of
- 4:31quantitative equity at Vanguard, John Amarex, says that Bitcoin
- 4:35is a digital labooboo doll. But the Prime Minister of the
- 4:38richest nation on the planet says that it's the new asset in
- 4:41their economy and they're going to be monetizing it is pricing.
- 4:44Speaking of oil, an ounce of silver is now worth more than a
- 4:48barrel of oil. In fact, $6.50 more than a
- 4:51barrel of oil. This has only happened once and
- 4:53it happened in the late 70s. And we know what happened after
- 4:56that. Inflation in a commodity super
- 4:58cycle. But honestly, do you think that
- 4:59silver has more utility value than a barrel of oil heading
- 5:03into winter? I don't think so.
- 5:04But right now, that's how the market is pricing it.
- 5:06Does it mean that oil is a bad asset or has no value?
- 5:09No, and this is the opportunity. What happens in a commodity
- 5:12super cycle is simple. The reality between our wants
- 5:15and our needs converge together. We get addicted to the money
- 5:18printer and we want the new hottest thing.
- 5:20It could be the Internet, it could be tech, it could be AI.
- 5:23But the needs are commodities. All of the raw materials that we
- 5:26need to produce the things that we want.
- 5:28Well, we know that we need them more than we need the things
- 5:31that we want. And we see a flip and what
- 5:33happens is we have these tech AI want booms and then the need
- 5:37booms tend to meet each other. This is the mispricing that's
- 5:41happening in the market. It's like, why have coffee
- 5:43prices gone up per actually for the last decade?
- 5:45Well, it's because coffee has gone from a want to a need, and
- 5:48the supply of coffee hasn't grown as fast as the demand
- 5:52driven from Starbucks in Seven Brew and every other coffee shop
- 5:55with a line wrapped around the block.
- 5:57And structurally, we are here for Bitcoin.
- 5:59The amount of money that people have in retirement accounts
- 6:01pales to the amount of value that's stored in Bitcoin
- 6:03wallets. I don't use a lot of clips from
- 6:05Tom Lee at this point because he's one of the main guys that
- 6:08put out a ton of those predictions that have people a
- 6:09little worried and a little pissed off and anxious right
- 6:11now. But he is true about this point.
- 6:14The amount of capital that is going to flow into Bitcoin is
- 6:16staggering and people are under pricing it mispricing.
- 6:19In crypto, the best years are definitely ahead because today
- 6:22there's only 4 million Bitcoin wallets with $10,000 in it.
- 6:26There's 900 million IRA and brokerage accounts globally that
- 6:30have $10,000. So there's, that's 200 times
- 6:33larger market. I, I think that there has been
- 6:37some concerns about, you know, quantum and then there was that
- 6:42huge deleveraging event on October 10th.
- 6:44But the crypto fundamental story, I mean, is exiting on a
- 6:47really high note this year. You know, the US government
- 6:50passed legislation and regulations favorable for crypto
- 6:54and we know Wall Street has expressed a lot of interest in
- 6:57building products on the blockchain.
- 6:59So it's almost like they both have great visibility, but the
- 7:04price levels are just what's being unserved.
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- 7:42understand what they actually value, the mispricing between
- 7:45what the exchange values your Bitcoin at and what you should
- 7:48value your Bitcoin at for your future generations.
- 7:51Getting a coach from their team. They'll explain this to you
- 7:53easily, succinctly, and in a patient way to help you to
- 7:57understand that you need to take your Bitcoin from exchanges and
- 8:00hold them yourself. Schedule a free 30 minute
- 8:02consultation with their team and they'll walk you through step by
- 8:04step showing you the value of what you truly own and why it's
- 8:07mispriced in the market. Energy markets and capital
- 8:10markets are the two places where markets are ruthlessly
- 8:13efficient. Over time, Energy and money
- 8:15always find the most efficient places to store themselves and
- 8:18you see this playing out right now in the markets where Ford
- 8:20had to write down $19.5 billion of their EV investments.
- 8:25And they're also going to stop producing the electric F-150.
- 8:28But do you know how many pensions are allocated to Ford,
- 8:32the blue chip stock of the past and not to Bitcoin?
- 8:35You have to understand what these capital rotation flows are
- 8:38going to mean. Ford cannot allocate capital as
- 8:40efficiently into AI technology, electricity and self driving as
- 8:45Tesla, but it still gets the lion's share of the investments
- 8:48in pension funds and portfolios. And the same thing is happening
- 8:51with Bitcoin. And this is like the coffee
- 8:53analogy that I gave you earlier and why we will enter into A to
- 8:57a a digital commodity super cycle.
- 8:59Bitcoin is a more efficient vehicle for savings as we have
- 9:03more and more Fiat debasement. Listen to this conversation from
- 9:06Matt Cole or this clip where he talks about Fiat debasement.
- 9:09And mind you, he managed funds for one of the largest pensions
- 9:12in the world. He knows what's happening behind
- 9:14the scenes. Before making the argument for
- 9:17Bitcoin, I think it's important to understand the problem of
- 9:20Fiat currencies. So most Fiat currencies
- 9:22throughout history have a lifespan of about 80 to 100
- 9:25years. The dollar post being backed by
- 9:28but gold standard is approaching that kind of lifespan and now it
- 9:33doesn't mean that it can't last longer.
- 9:35And I think as Americans, you know, it's definitely in all of
- 9:37our interests, including mine as a as a bitcoiner to preserve
- 9:40dollar dominance. But what I want to believe is
- 9:43true with dollar dominance is also has to be met with facts
- 9:45and the facts of the debt crisis, the facts that it is
- 9:49bipartisan in this country to increase the deficit, that
- 9:53fiscal conservatism is not happening.
- 9:56And my hope was that doge was going to come in and slash
- 10:00government spending that we would take real, you know, a
- 10:03real approach to reduce the deficit.
- 10:05But but that's just not what we see.
- 10:06So with that as, as reality, my view is that the dollar and
- 10:11other Fiat currencies, but the dollar as a reserve currency has
- 10:14the most to lose, are going to continually be debased.
- 10:18And that's a viewpoint that I've had by it since 2017.
- 10:21The the debasement trade has now become popular in Wall Street
- 10:24circles with gold rising to new all time highs.
- 10:27But the question becomes, OK, if Fiat currencies are being
- 10:30debased, what is the, the best solution in our digital economy?
- 10:36And my belief is that the actually the only answer to that
- 10:40is, is Bitcoin that it actually has the properties of, of
- 10:43perfect money. It's the first hard asset that
- 10:46actually is not inflationary, but actually deflationary.
- 10:50It has a 21 million hard cap supply, but the reality is, is
- 10:53that coins are lost every single day.
- 10:56So the actual true supply is actually true supply tap is
- 10:59going down every single day. Bank of America says all
- 11:03commodity charts will look like gold soon and I agree Bitcoin
- 11:06the digital commodity will soon look like gold because every
- 11:09time that gold runs Bitcoin sprints.
- 11:11Let me leave you with a note, a note from 1957 as to why people
- 11:15Bitcoin and it's not just to do about the financial gains and
- 11:18has to do with some things that are happening in society.
- 11:21Iron Rand warned us in 1957 when she had this to say.
- 11:24When you see that in order to produce, you need to obtain
- 11:26permission from men who produce nothing.
- 11:28When you see that the money is flowing to those who deal not in
- 11:31goods but in favors. When you see that men get richer
- 11:34by graft and by pull than by work and your laws don't protect
- 11:37you against them, but protect them against you.
- 11:39When you see corruption being rewarded and honesty becoming a
- 11:42self sacrifice, you may know that your society is doomed.
- 11:45Interesting. This is exactly what happens at
- 11:47the late stages of capitalism in Fiat debasement collapses in
- 11:51Keynesian economics every single time.
- 11:54And This is why people Bitcoin because they don't want their
- 11:56society to be doomed. They want hope, they want
- 11:59something that they can invest in that will protect them
- 12:02against the Fiat debasement system that rewards people who
- 12:06do no work, that rewards people who are closest to the deals
- 12:09that are happening behind closed doors.
- 12:11This is why we Bitcoin and not just about the price.
- 12:14Soon you'll understand. Love this chart from Marty and
- 12:16TFTC. Stay humble and stack stats.
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- 12:27exchange and have them exchange you Bitcoin every time you send
- 12:30them dollars. You can actually buy a Bitcoin
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- 12:46being mined from 100% carbon free renewable energy sources.
- 12:50Use the QR code to get started and understand exactly what I'm
- 12:53talking about. This is Dante cope with Bitcoin
- 12:55simply and hopefully I gave you a little bit of ammo for the
- 12:57conversations with the told you so father-in-law or any other
- 13:01Bitcoin hater in your family for next week.
- 13:03Happy stacking.