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Did Jack Mallers Just Build Bitcoin’s FIRST $1 Trillion Company?! | Bitcoin Simply · Simply Bitcoin

• 0:00
  Did you hear that? That wasn't just the opening
• 0:08
  bell for 21 Capital going public.
• 0:10
  That was the sound of the beginning of a new revolution in
• 0:12
  banking. Uncle Jamie won't be the boss
• 0:14
  for too long. With Jack Mahler's Paulo Michael
• 0:17
  Saylor and the rest of the Bitcoin Avengers teaming up, the
• 0:20
  Thanos of Wall Street has finally met his match.
• 0:22
  You buy the metaplanet, you buy the strategy, you buy the equity
• 0:27
  and you strap on for the rocket ride.
• 0:29
  It's going to be very volatile and you're going for the next
• 0:33
  trillion dollar stock. And with it, the next trillion
• 0:36
  dollar stock is about to be minted.
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  Howard Lutnick said a year ago that we're going to see all of
• 0:40
  the big banks and the brokers move into Bitcoin and that time
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  is now. Get your popcorn ready.
• 0:45
  It's go time. This is Dante Cook with Bitcoin.
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  Simply, let's freaking go. Have you been hiding under a
• 0:54
  rock, or have you heard that Jack Mahler's Tether, SoftBank
• 0:58
  and Cantor Fitzgerald just took 21 capital public, a massive
• 1:02
  move that will shake up the balance of power in Wall Street.
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  Cantor Fitzgerald is a primary dealer with the Fed, and its
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  former CEO is the secretary of Commerce for Donald Trump in the
• 1:11
  US public administration. Tether is the largest stablecoin
• 1:13
  issuer in the world and is the 17th largest holder of U.S.
• 1:17
  Treasuries on the planet. SoftBank.
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  Yeah, it just manages $46 trillion in assets, and it's
• 1:22
  funded every major Internet and technological
• 1:25
  revolutionsincethe.com bubble. Oh, yeah, we already know about
• 1:28
  Jack Mahler's, the founder of Strike.
• 1:30
  Oh yeah, And Jack Mahler's grandfather was the CEO and
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  chairman of the Chicago Board of Trade.
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  Pretty important. Today is the beginning of the
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  revolution. It's Jack's first day on the
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  job, and he says they're just getting started.
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  Who should buy? Your stock?
• 1:42
  Why wouldn't they just buy Bitcoin then?
• 1:44
  Well, because they don't have Tether, SoftBank in the cash
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  flows that we'll produce. So, you know, I, I agree with
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  that. We, we do not want the market to
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  think of us and price us as just a treasury asset.
• 1:54
  That is not us at all. We're going to acquire as much
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  Bitcoin as we possibly can. I mean, I think it's crazy that
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  we own over 4 times the amount of Bitcoin Coinbase does.
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  And this is my first day in the, in the public markets.
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  But you know, we also want to build massive businesses and and
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  I think the markets will appreciate, you know, tethers,
• 2:11
  tethers no to that has. 21 Capital has major plans to be
• 2:15
  the largest holder of Bitcoin, even larger than micro strategy.
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  Their plans are to hold over 500,000 Bitcoin in the near
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  term, but they already hold 43,000 Bitcoin, and they're
• 2:25
  going to do that with the backing of Tether, the world's
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  largest and most profitable conglomerate.
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  We have what it takes to build massive cash generating
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  businesses within the industry. Strike is one of the most
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  profitable per employee Bitcoin companies in the world.
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  Tethers probably the most profitable per employee company
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  period in the history of mankind.
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  So we have lots of ideas and lots of future plans to build
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  cash flow within the market that gives investors an ability to
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  participate in Bitcoin's story through an operating business.
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  And then conversely, we're already the third largest
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  corporate holder of Bitcoin. We will be able to add to that
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  position substantially once we're approved.
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  And we want to be the largest holder of Bitcoin.
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  And we think, you know, we can take the best of what strategy
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  is, which is a large Bitcoin holder and ability to
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  accumulate, whether it's through monetizing volatility, cheap
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  cost of capital, access to the capital markets.
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  And the best of someone like Coinbase, which is a first mover
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  and a leader within the industries they focus, which
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  Tether and I have been in our careers.
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  So that's us. We do not necessarily want to
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  add leverage to something like our M NAV.
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  We do not want to add leverage to our common equity.
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  The funny thing about this revolution is that they're
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  actually laying down the receipts to prove that this is a
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  revolution using Bitcoin. They transfer their 43,000
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  Bitcoin on chain for a fee of $1.60.
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  How about that Jeffrey Epson, Steen's banker?
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  And Bitcoin specifically, you had the JP Morgan, JP Morgan CEO
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  and Chairman Jamie Dimon calling it essentially pet rock and once
• 3:51
  again calling into question it's worth and its value here.
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  I would love to get your reaction, especially as some of
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  the financial industry elites and and figureheads are
• 4:01
  continuing to cast some doubt here.
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  Yeah. Thanks for having me, Brad.
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  What do I think about Jeffrey Epstein banker being concerned
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  that a distributed, decentralized, open public money
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  could potentially be used for bad things sitting on a ski
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  resort in Davos? I don't really care.
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  I don't know why anyone cares. That's a clear middle finger to
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  the establishment and I know right now some of you are
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  probably saying this is the peak of the bubble.
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  Bitcoin treasury companies that don't produce anything make any
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  revenue going public and siphoning off your capital and
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  hard earned money into products that mean and do actually
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  nothing. This sounds sort of like a Tulip
• 4:42
  mania, but if you actually have heard about the Tulip mania,
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  you'll understand that Bitcoin isn't a part of that.
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  It's the most meaningful technological innovation to
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  happen. Listen to this clip like.
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  Everyone goes Bitcoin is a bubble.
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  It's tulips, OK, tulips was was the the bubble in tulips in
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  Amsterdam in 1630. That bubble in Amsterdam where
• 5:07
  is the centre of the global flower industry today?
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  It is in Holland. The Netherlands has been the
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  central, the centre of the global flower industry for 400
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  years. That Tulip bubble bought 400
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  years of prosperity to Amsterdam.
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  So to call it tulips is actually a compliment.
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  And then you go, what is a bubble?
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  Well, I'll tell you what a bubble is.
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  A bubble is a bull market in which you don't have a position.
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  It is a psychological way of justifying that you didn't
• 5:38
  invest in something to call it a bubble.
• 5:40
  So you can call it a bubble and you can dismiss it, but the
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  potential of Bitcoin to be the default cash system of the
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  Internet and the default savings vehicle of the Internet is so
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  extraordinary. I would argue that the risk is
• 5:57
  not owning Bitcoin. The risk is not owning Bitcoin,
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  if that makes sense. Everyone should have an
• 6:03
  allocation in their portfolio and don't try and use the fact
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  that I don't understand it as an excuse.
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  Because most people don't understand how the combustion
• 6:12
  engine works and they still own a car.
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  Most people don't understand Hypertext Transfer Protocol and
• 6:18
  they still use the Internet. And the most interesting thing
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  about this whole Bitcoin thing, not only that, the tulips did
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  stay around and made Norway and Sweden the largest Tulip and
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  flower industry in the world. Well, it's not being backed by
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  Tulip kind of investors. These are diehard investors that
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  ride or die with Bitcoin and aren't selling their Bitcoin.
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  This is a clip from Howard Lutnick's son, the now CEO of
• 6:39
  Cantor Fitzgerald. What would happen if bitcoin's
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  price crashed by 50%? I have.
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  Hundreds of millions of dollars. OK, OK, hundreds and hundreds of
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  millions of dollars. Exposure to Bitcoin and it will
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  be billions. Every time Bitcoin dips, I'm
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  going to be the buyer. He doesn't sound like a Tulip
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  investor to me. What about his dad?
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  That doesn't sound like a Tulip investor to me.
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  A year ago he forecasted that all of the major big banks and
• 7:05
  brokers were going to be on the Bitcoin, and he was right.
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  Except the only thing that is different about this clip than
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  the reality is he thought he was going to be the CFTC chair.
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  He's actually the secretary of Commerce.
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  But still all the big banks are coming.
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  You will see all the traditional financial service companies, the
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  big banks, big brokerage companies, they're all going to
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  go head first into Bitcoin. Pound.
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  That's what's going to happen and it's coming.
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  It's a slow, steady process, but eventually there's going to be a
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  CFTC chair who says, you know what, Bitcoin is a financial
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  asset, and we're going to treat it as such.
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  And when that happens, you're going to see Bitcoin move and
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  very, very strong positive direction.
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  So that's why I'm a fan of Bitcoin.
• 7:54
  It's going to go much higher. It always bounces around like
• 7:58
  any other financial asset, but ultimately over the next five
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  years as it gets invited into this party.
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  We go in tether along with 21 capital is going to be the
• 8:08
  biggest bank in the world. Can you imagine the amount of
• 8:11
  deposits coming into their digital bank every single day so
• 8:15
  that people can get USD T or synthetic dollars?
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  Can you imagine how much Bitcoin they will buy on the backs of
• 8:20
  those interest payments? Can you imagine all of the
• 8:23
  lending that Cantor Fitzgerald is going to do with Bitcoin
• 8:25
  products? Remember they launched their
• 8:27
  Bitcoin back lending products a year ago?
• 8:29
  Well, you probably forgot, but now you know because we dropped
• 8:31
  that alpha on this channel. But before we go any further, I
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  your sovereignty in a single asset.
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  might take a little coaching and help work with the team at the
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  the bitcoinway.com/simply Bitcoin.
• 9:33
  At the end of every episode, I like to leave leave people with
• 9:36
  a message about hope, why young people should consider Bitcoin.
• 9:39
  I can't think of a better clip than this from Jeff Walton in a
• 9:42
  conversation that he had with Brahm on Bitcoin for
• 9:44
  millennials. If you can't buy the real
• 9:46
  estate, if you can't buy bonds, if the stock market is
• 9:49
  overvalued, then where do you turn A.
• 9:51
  Lot of people don't know like I grew up like lower middle class.
• 9:54
  I'm an only, only child. Like you don't speak with my
• 9:58
  parents anymore. I've got no, like I've got
• 10:03
  nothing to fall back on. So every risk that I've had to
• 10:07
  take in my life or any like anything I've needed to build
• 10:11
  for myself is like, I like truly in the spirit of like Western
• 10:16
  America, I've had to like build it myself.
• 10:19
  And so that's required me to like be really analytical about
• 10:24
  every, everything I've done, like every risk that I've taken
• 10:27
  has been just so incredibly calculated that it's like, I, I
• 10:32
  have to like, I have to succeed this, this needs to succeed or
• 10:37
  else I'm just like, I'm screwed. I can't go live in my parents
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  basement, right? Like I, I got to go figure,
• 10:44
  figure something else out. And so that necessity is really
• 10:48
  like what's landed me where I'm at and figuring like having to
• 10:55
  go figure this out and like rationalize it.
• 10:57
  And then once you just keep digging, like I just keep
• 10:59
  digging, keep digging, keep digging and keep rationalizing
• 11:02
  things. It's like, OK, this is, this is
• 11:04
  the only, this is the only solution.
• 11:06
  Like this is the best use of time, energy, money and focus
• 11:15
  into perpetuity because it's, it's not real estate, it's
• 11:17
  decaying. There's so much monetary premium
• 11:21
  that's stuck in real estate. They're like, all these bonds
• 11:23
  look horrible. You know, 99.9% of the stocks in
• 11:27
  the stock market don't make any money.
• 11:28
  So I've got to make a bet on mag seven.
• 11:30
  I think valuations are incredibly high in, in the, in
• 11:35
  the pure equity market. OK, so PE, so I could go into
• 11:39
  private equity or private credit and like this just seems like a
• 11:44
  bunch of schmoozing and bullshit and nobody really knows anything
• 11:47
  and it's illiquid and I'm not going to get capital for
• 11:49
  10/15/20 years. So, you know, it's like none of
• 11:52
  none of that makes any sense. And so really it's like it, it
• 11:56
  is the it's what's left. It's like this is what our
• 11:59
  generation like can hold and build and be a part of and like
• 12:07
  actually make a better world, like the world can be improved
• 12:11
  here with with this instrument. So yeah, man, there's a lot
• 12:15
  here. Like, I'm glad you're doing this
• 12:17
  podcast. It's good.
• 12:18
  It's necessary. This isn't the dilemma only for
• 12:20
  Americans and American millennials.
• 12:22
  This is a problem for people globally.
• 12:24
  Listen to this clip from the Minister of State, Bilal bin
• 12:27
  Zakib from Pakistan. And I think for for many
• 12:30
  Pakistanis, Bitcoin is not theory, it's a relief.
• 12:38
  It's solve problems that traditional systems have not
• 12:43
  solved for decades. First, I think is savings.
• 12:49
  When your currency has lost over 50% of its value over the past
• 12:53
  five years, you don't need a lectures, you need a hedge.
• 12:58
  Why should you be penalized for somebody elses monetary policy?
• 13:01
  Bitcoin gives people a way to store value outside the
• 13:06
  volatility which is created by politics, printing and
• 13:10
  inflation. Second, I believe is access
• 13:14
  millions of Pakistanis, over 100 million Pakistanis are still
• 13:20
  unbacked and Bitcoin gives them a financial identity without
• 13:27
  waiting for an account that they might never be offered and I
• 13:32
  would say that third is cross-border earnings.
• 13:36
  Pakistan is home to one of the largest freelancer nations and
• 13:39
  Bitcoin and blockchain rails allows them to get paid
• 13:43
  globally, instantly and transparently.
• 13:47
  I think for many young people in Pakistan, Bitcoin is the first
• 13:50
  time they felt that their money belonged to them and not to any
• 13:54
  specific system. Bitcoin gives people a way to
• 13:57
  store value outside of politics, outside of money printing, and
• 14:01
  outside of inflation. Pakistan is coming and so is the
• 14:04
  rest of the world. Tether is at the center of the
• 14:06
  new financial system, and Jack Mahlers is the right CEO with
• 14:10
  the right financial backing and experience in order to bring
• 14:13
  this revolution about. He's been debanked by the
• 14:15
  system, He's been outside of this system, and he has family
• 14:19
  that's been inside of this system.
• 14:21
  What better person to bring about this revolution?
• 14:23
  It wouldn't be right if I didn't hit y'all with a sports
• 14:25
  reference. They call me Coach Cook after
• 14:27
  all. So let me leave you with this,
• 14:29
  Jim from Coach Cignetti the Great.
• 14:31
  Every day has a life of its own and regardless, Bitcoin treasury
• 14:34
  companies buy Bitcoin regardless of the circumstance.
• 14:38
  They're fast, physical, and relentless.
• 14:40
  Each day has a mind of its own, regardless of the circumstance,
• 14:43
  whether we're winning too much or whether we're losing, whether
• 14:46
  the government says we're going to shut it down or not, we
• 14:48
  continue to buy Bitcoin because we play to a standard.
• 14:52
  That team for about 3 straight weeks, from the first play to
• 14:57
  the last play. Fast, physical, relentless,
• 15:01
  smart, discipline, poised one play at a time, 6 seconds of
• 15:05
  play. Every play's got life in the
• 15:07
  history of its own like it's nothing.
• 15:09
  Nothing. Not affected by success, not
• 15:12
  affected by failure. On to the next play.
• 15:15
  Never satisfied. Plan to a standard, not the
• 15:18
  circumstances of the game. You're up in the fourth quarter,
• 15:22
  52 to 7, OK, It's not OK to let up because of the circumstances
• 15:27
  of the game, because you're playing to a standard, standard.
• 15:32
  The Bitcoin standard, and that's the new standard that's coming
• 15:35
  about. Strap in ladies and gentlemen.
• 15:37
  This is the beginning of the new revolution.
• 15:39
  One of the ways you can take part in the new revolution is by
• 15:42
  not just buying sats and taking sats into cold storage with
• 15:45
  partners like Lenin Partners like the Bitcoin Way.
• 15:48
  It's actually mining sets. You can buy a state-of-the-art
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  mining machine and not have it in your basement, but actually
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  contracts. You buy a rig, they manage it.
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  You get the right off the depreciation and all of the
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  things that are associated with it.
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  Use the QR code to earn SAT's while you sleep.
• 16:15
  This is Dante Coke with Bitcoin. Simply happy stacking.