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Whales Have Bought ALL The Bitcoin?! | Bitcoin Simply · Simply Bitcoin

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  Donald Trump, Scott Besson, and the United States government
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  just signaled that a strategic Bitcoin reserve is just the
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  beginning. They're waking up to the same
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  reality that we all do. We don't have enough Bitcoin.
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  Publix and private. Every night I wake up at about
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  3:00 in the morning and I go what an idiot why didn't I
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  invest more in Bitcoin? So that is my basic view.
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  Bitcoin is a simple idea with profound implications.
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  Brian Armstrong recently made a bold prediction about Bitcoin
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  challenging the future of the dollar in the digital 21st
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  century. With Bitcoin whales buying over
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  $100 billion worth of Bitcoin over the last few weeks, someone
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  knows something's going on and we're going to get to the bottom
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  of it. This is Dante Cook with Bitcoin.
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  Simply, let's go. If I was advising the United
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  States, I would say, you know, all the capital in the world is
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  going to flow into cyberspace, into the Bitcoin network.
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  It's in the best interest of the United States to own as much of
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  it they can as they can before everybody else in the world
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  realizes what's happening. Bitcoin is a simple idea with
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  profound implications not only for us individually, but for
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  governments and nations geopolitically, especially the
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  US government. The United States government
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  understands that the person, the country, or the company that
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  owns the most digital real estate in cyberspace will be the
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  most economically advantage moving forward in the 21st
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  digital century. This is why this is one of the
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  best risk adjusted times to buy Bitcoin because the United
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  States government is essentially moving out all of the barriers
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  that once stood in the way of Bitcoin adoption.
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  They're breaking down the protective barriers that main
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  assets like Bitcoin in the past work for only Wall Street, but
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  now they're making sure that it works for Main St. as well.
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  We will take a close look at regulatory impediments to
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  blockchain, stable coins, and new payment systems, and we will
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  consider reforms to unleash the awesome power of the American
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  capital markets. Americans deserve a financial
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  services industry that works for all Americans, including and
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  especially mainstream. Donald Trump says that his
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  administration seeks to unleash the capitalism and the American
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  ingenuity and drive into this new financial asset class.
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  We ended Operation Choke .2 point.
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  OI created the first presidential working group on
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  digital assets. I named a Pro Freedom, Pro
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  Innovation SEC Chair, a great man named Paul Atkins, and we
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  created the US Strategic Bitcoin Reserve and the United States
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  Digital Asset Stockpile. But we are not done yet.
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  My administration is working with Congress to pass the Genius
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  Act supporting the creation of dollar backed stable coins, and
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  we also will be working to create clear and simple market
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  frameworks that will allow America to dominate the future
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  of crypto and Bitcoin. You don't want to be behind the
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  United States government when they start buying.
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  You want to be ahead of them. You don't want to be like this
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  $60 billion asset manager who wakes up in the middle of the
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  night wishing that he had bought more Bitcoin.
• 3:15
  Publix and privates. Every night I wake up at about
• 3:19
  3:00 in the morning and I go, what an idiot, why didn't I
• 3:23
  invest more in Bitcoin? So that is my basic view and I
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  sort of think of the world of investing.
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  Sometimes you invest on the fundamental basis, sometimes you
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  invest based on the momentum. So that's one axis and the other
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  axis is, is this an obvious idea or is this a complicated idea?
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  And my lessons after doing this for 25 years, if if it's a
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  complicated idea, it never works, so scratch those out.
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  And if it's a simple fundamental idea that tends to be like a
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  stock that's something like Bitcoin, it's actually a really
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  simple idea. The previous speaker who said,
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  Oh yeah, it's going to be the currency of the world.
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  It's just. That's as simple as it.
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  Bitcoin could become the new global reserve currency in the
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  new digital world that we're entering into.
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  And this isn't some far fetched idea from Bitcoin Bros or OG
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  Bitcoiners, but people like Brian Armstrong who run a
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  publicly traded company. Right now, democracies around
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  the world are really struggling to get their deficit spending
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  under control. And I think that Bitcoin,
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  actually, I guess my crazy little bit out there idea is
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  that I think Bitcoin is going to provide an important check and
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  balance on deficit spending. And if it gets out of control
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  too much, people will flee to it in times of uncertainty.
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  And it could actually end up that Bitcoin is the new reserve
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  currency of the world. Bitcoin is the new.
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  Reserve currency. You heard it.
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  Here first. Thank you guys.
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  This is giving businesses and institutions the confidence to
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  invest in Bitcoin and to do so in a major way.
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  This is why people like Fong Lee and the CEO of Nakamoto believe
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  that 800 companies could have Bitcoin on their balance sheet
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  by the end of the year. There's 800 companies.
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  I think as Fong mentioned, there could be 800 companies buying
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  Bitcoin. You can, you can run the numbers
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  and it's like right now there's roughly 800,000 bitcoins that
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  are owned by publicly traded companies.
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  If there's 800 companies a year from now, which I think is a
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  conservative number, honestly, if there's 800 companies a year
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  from now and they each own 1000 bitcoins, which is peanuts
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  relative to some of these Bitcoin treasuries that are out
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  there, that double s the amount of Bitcoin being held by
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  publicly public companies. So you can, you can look at how
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  much bitcoins available for sale on, on exchanges.
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  It's it's single digit millions, it's 12 million bitcoins that
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  are available for sale. Can you imagine 1000 companies
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  or 10,000 companies in the marketplace bidding every single
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  day? I mean, the price of Bitcoin
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  here is just going to absolutely run.
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  In a conversation with Pierre Rashard, Matt Cole from Strive
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  Asset Management makes a clear call to board members and
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  officers of publicly traded companies that if you're sitting
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  on cash and not buying Bitcoin, you're going to be losing out.
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  You better have Bitcoin on your balance sheet.
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  But if you're sitting there on a stockpile of cash that's losing
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  purchasing power, and we go go in depth on this.
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  I know you go in depth on this, too.
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  And inflation actually hides how much the value of a dollar is
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  being eroded, right? Because what's going up the most
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  is actually financial assets. And you see this for the
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  individuals and especially individuals that don't own
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  Bitcoin. And it's really hard to afford a
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  home. It's really hard to afford
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  having kids. One of the things that's, you
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  know, really refreshing to me at the Bitcoin conference is how
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  many people I meet that have kids that have flourishing
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  lives, that now I'm a Christian that are people of faith, right?
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  That this community has optimism because they found a a great
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  asset, right? That gives the power back to the
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  individual. Well, the same thing can happen
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  to corporations. Ways that you can execute on a
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  Bitcoin strategy is by never selling your Bitcoin.
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  That's how wealthy people have done it for centuries.
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  They buy the most scarce and desirable assets and they hold
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  on to them and pass them down for generations.
• 7:13
  They also borrow against them. You can do that with Leaden, the
• 7:16
  leader in Bitcoin back loan. Since 2018, they've issued over
• 7:19
  $9 billion worth of loans to 10s of thousands of customers all
• 7:22
  across the globe. They allow you to unlock
• 7:24
  liquidity in your Bitcoin without selling your Bitcoin and
• 7:27
  doing so in an open, fast and transparent manner.
• 7:29
  If you want $5000 loan, well, you post $10,000 in Bitcoin
• 7:33
  collateral. They typically fund your account
• 7:35
  in less than 24 hours, 18 hours to be exact.
• 7:38
  Get started with loans at just 12.4% or learn dot LED and dot
• 7:42
  AO slash simply to get .25% off your first loan.
• 7:46
  Never sell your Bitcoin. One of the things you need to do
• 7:49
  if you own Bitcoin is to remove your Bitcoin from exchanges.
• 7:52
  There's a tweet that's going around Twitter that says a guy
• 7:54
  lost 240K of his Bitcoin that he left on the coin base.
• 7:58
  You can remove all of that worry by getting a coach, a coach at
• 8:02
  The Bitcoin Way who help you remove your Bitcoin from third
• 8:05
  party exchanges confidently, safely, securely, and to do so
• 8:09
  in a way that will protect your assets from people and bad
• 8:13
  actors that might be on Coinbase that might have your
• 8:15
  information. Schedule a free 30 minute
• 8:17
  consultation with our team at the bitcoinway.com/simply
• 8:20
  Bitcoin. We have multiple people calling
• 8:22
  for Bitcoin between 150K and 250K this year, and that's
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  because they understand the multitude of people, not just
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  individuals, but institutions, country, countries, nation
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  states that are waking up to this idea that Bitcoin is a
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  scarce asset. 95% of Bitcoin has been mined, but 5% is still left
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  and very few people own it. This is an excellent tailwind
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  for you to get into Bitcoin. You know, 95% of all bitcoins
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  been mined, but 95% of the world doesn't own Bitcoin.
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  So I just think that there's still a huge demand versus
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  supply imbalance, meaning there's a lot more potential
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  buyers of Bitcoin over the next 10 years.
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  And so I think there's a lot of upside into your end.
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  In into your like. 150 target. Yeah, 150, maybe 200, even 250
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  this year. What Mike Novogratz thinks that
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  we'll hit 150 K to 180 K this year?
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  And I said where does Bitcoin go between now and December 31st of
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  2025 and you said I'm guessing 180,000, but it'll be really
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  volatile and very bumpy ride. Are you still at 180?
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  Listen, you know, we, we went down to 75 after the election
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  put a new highs. We retested where the election
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  happened. Everyone gets scared and now
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  we're making new highs. And so we're in the price
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  discovery moment. We as an American, we had hoped
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  that Scott Bessett was going to give you 3% growth, 3%, you
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  know, budget deficits. I think today he just said maybe
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  the last year I'll get to 4%. We're going to have an 8% budget
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  deficit or higher this year. We had hoped Elon Musk was going
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  to cut something from government spending and instead he left
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  with a black eye. And you know, Bitcoins price is
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  going to be correlated to how fiscally conservative and
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  prudent our government is. And it's a populist government.
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  We have a populist government on the left.
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  Now we have a populist government on the right.
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  They love spending money and therefore you can have a a
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  really nice trajectory for Bitcoin.
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  OK, so it's 180 still? 1315180 like once it goes, you
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  don't know where it's going to stop, but it's it's all within
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  the realm of possibility. In the midst of all of this,
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  uncertainty happening in the world, wars breaking out in the
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  Middle East, riots happening in LA, economic malaise and
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  collapse happening right in front of our eyes in places like
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  Japan or in China, real estate being unaffordable in Australia
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  or in Canada. If you come over here to the
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  North American side, you have economic instability everywhere
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  in the world, and it's because we all operate on the same
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  monetary system and standard. We all have a common experience
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  of life becoming more unaffordable and things costing
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  more and more that are outpacing the amount of GDP and growth
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  that's happening in in the world.
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  Even with AIAI won't save us. New politicians won't save us.
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  What will save us is a new economic standard, a new
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  currency, a new store value, and that's Bitcoin.
• 11:19
  Don't over complicate the trade. No force on Earth can stop an
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  idea whose time has come. No force can stop an idea whose
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  time has come, and that's why what's happening in the world.
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  Regardless of what goes down, it's still TikTok next block.
• 11:32
  One of the ways you can continue to level up in your Bitcoin
• 11:34
  journey is by educating yourself.
• 11:36
  And one of the ways you can do that is by learning about the
• 11:39
  machines, the makers, the manufacturers, and the keepers
• 11:43
  behind the Bitcoin network, and that's Bitcoin miners.
• 11:46
  Come hang with the simply Bitcoin team down in Dallas, TX
• 11:49
  from November 11th through November 13th at the second
• 11:53
  mining disrupt conference happening this year.
• 11:55
  Use the promo code simply Bitcoin for 20% off your
• 11:58
  tickets. If you get value from these
• 11:59
  videos, please do like, share and subscribe.
• 12:02
  This is Dante Cook with Bitcoin. Simply happy stacking.