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Is $1M or $50M Bitcoin Even Possible? The Math Says YES. | Bitcoin Simply · Simply Bitcoin

• 0:00
  All right y'all, sometimes we get some crazy Bitcoin price
• 0:03
  predictions, but yesterday an analyst said that by 2041 the
• 0:07
  amount. Will be $50 million. $50
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  million, and don't you think you kidnapped Chelsea Clinton?
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  Yeah, he said. 50 million and didn't even flinch.
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  Your Bitcoin thesis for 2041 is $50 million.
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  Right. Is there any validity to this?
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  How can he say a number like this with a straight face?
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  I'll show you how and I'll also show you why the tokenization
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  hype that we've been hearing about from the SEC and others is
• 0:32
  not the big investment that you need to be considering.
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  Think 2 trillion versus 150 trillion.
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  I'm going to break it down. This is Dante Cook from Bitcoin.
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  Simply, Let's go. $38 trillion in debt is not something that
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  they can ignore for much longer. So they do need to build a
• 0:52
  Bitcoin reserve, a sizeable 1 to mitigate that debt because
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  people are kind of used to the number now, but 38 trillion is a
• 0:59
  crazy big number and you're pretty bankrupt and you know who
• 1:06
  wants to own more of your debt. I don't think it's possible to
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  keep continuing it on that track, but also just compounding
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  of the interests is going to be ridiculous too.
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  So something has to be done. And I think they realize the
• 1:20
  solution is Bitcoin, yeah. And this is just in the US We've
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  racked up $38 trillion like it's nothing.
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  Since 1985, a pound of ground beef has gone from a dollar to
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  six. Let me hit you up with a stat,
• 1:31
  some cultural relevance. Last night in downtown
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  Indianapolis, IU won its first Big 10 championship since 1967.
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  The mistress from Indiana, Signetti Mendoza, Becker.
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  They left Ohio State. It's what the only O that we
• 1:45
  want to see. That's the from our faces being
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  in shock from catching that L 13 to 10.
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  They pulled up the greatest upset in Indiana history since
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  Gene Hackman and Hoosiers starting a team with 4 1/2
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  players. But let's go back to 1967 for a
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  quick second. In 1967, the average household
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  income was 7 grand a year. But you could buy a new house
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  for $14,000, you could buy a new car for about $2000, a tank of
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  gas was $0.33, and a loaf of bread was 22 cents.
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  Oh, and gold was literally fixed at 35 bucks an ounce today.
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  Those numbers sound like typos, and that's not because life got
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  10 times better, it's because the money got 10 times worse.
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  Think about this. Let's talk about college for a
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  second since we're talking about college football.
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  In 1967, the average cost for tuition and fees for a private
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  College in the United States was about $1500.
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  Room and board was $2000, meaning you could go to college
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  for about 3500 bucks a year at an elite institution like
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  Harvard. Today, the cost for tuition and
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  fees is 39 for a private institution and 10 for a public
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  institution. When you tack on room and board,
• 2:44
  well, you're looking at 25,000 to about 50 to $60,000 a year.
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  So when you hear Bitcoin is a scam, a fraud, a bubble, cool.
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  The real scam is happening behind closed doors, the slow
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  rug pull on the dollar and the question that everyone is asking
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  is how many more 1960 sevens do you think your dollar can
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  survive The reason your dollar won't survive is because of this
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  global shadow debt system. This is what undergirds our
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  current financial system. So even beyond the $38 trillion
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  in debt that the United States has, well, there's there's
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  another 100 to $150 trillion sitting out there in euro
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  dollars in this other shadow system that's propping up our
• 3:20
  economy. And This is why Bitcoin will get
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  to 50 million by 2041, as this analyst predicts.
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  The penny dropped for me when I realized that, you know, what
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  under undergirds A lot of the value in our system is a sort of
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  like there's something I call the, the, the global collateral
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  layer, which is like, what do we, what do we rely on to borrow
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  against when we're a rich kind of sovereign nation or when
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  we're, we're a central bank for a long time, like it was gold
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  like back in the day. And then in the 60s there, there
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  emerged something called the euro dollar.
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  And that, that sort of like underscored a lot of the, the,
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  the, the economic system. And then on top of that, there's
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  obviously like U.S. Treasuries and like the US
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  dollar that we use for our day-to-day.
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  But, and, but, but something has to kind of underlie that.
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  And I think Bitcoin, we are on a track to in 15 years from now.
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  And I have this thing I call Vision 2041 by by 2041, I
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  believe. Like it seems obvious to me that
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  like Bitcoin is going to replace like the euro dollar of that
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  that we saw in the 60s to, you know, 2000s.
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  And then after that, there was this, you know, shadow banking
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  system you used to hear about talked about today.
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  There's like, there's like sovereign debt.
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  So all the countries around the world issue debt and then they
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  kind of borrow against that and they, they do their daily like
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  government transactions. But like there are problems with
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  that. And in, in some ways, like
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  Bitcoin is much superior to kind of any of those in the sense
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  that it's, it's, it's digital. It's, you know, it has like this
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  kind of apolitical nature. So it sits outside of central
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  banks. It sits outside, you know, the
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  influence of whoever the latest Treasury Secretary here is in
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  the US and it's not, you know, so euro dollar wasn't a threat
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  to the US dollar, Euro dollar wasn't a threat to U.S.
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  Treasuries. People still still use that.
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  But there's like there's some like underlying thing that a lot
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  of other countries and the financial systems borrows
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  against to kind of do things. And so today, like the UAE,
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  they, they issue debt or, or some, you know, random country
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  issues debt, but they could rely on, on Bitcoin.
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  And I think they're, they're going to see like over time,
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  like that's much more logical. So that sovereign debt world is
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  like is an enormous financial world.
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  Every family, I don't care what economic situation that you're
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  in right now, understands that you have to invest and you have
• 5:56
  to invest in something quickly in order to have your dreams
• 5:59
  realize whether it's a dream to retire, whether it's the
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  American dream or whether it's just to make ends meet.
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  And so a lot of people are looking at investments right
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  now, and one of the big major themes is should I invest into a
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  hard asset like real estate, like gold, like Bitcoin, or
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  should I invest into crypto? The financialization of the
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  markets, the tokenization of the modern financial system,
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  messages like these from SEC Chair Paul Atkins makes people
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  believe that this crypto financialization of the markets
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  trend is one that's investable. And I'm here to let you in on a
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  secret. It's not.
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  Tokenization is the idea of using them smart contracts or,
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  or you know, tokens on chain to be able to that represent say a
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  underlying security. And so then that tokenized
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  security is a security and would be subject to SEC rules by law.
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  But the idea is that it's, if it's on chain on a blockchain,
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  then there's much more transparency as to where it is
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  right now. There's a bit of capacity as to
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  you know who owns what and where the the company usually doesn't
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  even know where it's shareholder, who its
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  shareholders are and where the where you know where the
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  shareholders reside, where the shares reside.
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  So, so tokenization has the benefit of potentially having
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  instead of T + 1 now trade date plus one for clearance and
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  settlement, the prospect of maybe T0 now depending on the
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  instrument. And you know, there's we, we
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  have to, you know, think about netting and all sorts of other
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  things with respect to some instruments.
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  But in principle, the idea of on chain delivery versus payment
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  and receipt versus payment DVPRVP on chain is a prospect of
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  de risking the markets making them much more transparent.
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  And then sure as far as clearance and settlement,
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  because it's always that's the, the, the gap between clearance
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  and settlement and then delivery and payment is the the real
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  introduces risk into the system. Do you expect this is where
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  financial services are is going? Are the major banks and the
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  brokers out there today moving increasingly toward
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  tokenization? Absolutely.
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  And it's the the way the world will be, you know, here in that
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  I mean, maybe not even in 10 years, maybe even a lot less
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  time, maybe a couple of years from now, so.
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  This is for the lower level investors.
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  Lower level investors are going to be able to think that they're
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  going to be able to buy a crypto token and make their dream or
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  their goals realized to get out of this financial system that
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  we're in that I described earlier.
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  Higher level investors know that there's nothing else, there's
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  just poo poo coins. And then there's people like
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  Kevin O'Leary who are saying there's Bitcoin and Ethereum.
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  But here again, I disagree. That's all you have to own to
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  capture 90% of all of the crypto markets.
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  Alpha or pricing volatility is simply Bitcoin and Ethereum.
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  You don't need anything else. And so this is really, really
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  hard medicine for all of the people that sponsored all of
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  these other chains and other platforms, because now they face
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  the reality, which I think is a cleansing, a good thing, a
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  spatula cleaning from all that poo poo coin out there.
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  That's just pure speculation. But it also says the maturity of
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  the market is looking at the numbers because the big money's
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  about to come in. So if you were just in Bitcoin
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  in Ethereum over the last eight weeks, you've done so much
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  better than own the poo poo coins.
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  And the poo poo coins aren't going to come back unless they
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  can give you a use case and you get they have to have 10s of
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  millions of dollars in marketing you, Jack, you just called for
• 9:48
  the price of Bitcoin. That is universal around the
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  world. The only other call is on
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  Ethereum and no one else gets that ticker.
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  You just called, right? They have to market.
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  They have to buy it. Made that case from the
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  beginning of this that Bitcoin really was the be all and end
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  all and that all these poo. Poo, now you have the.
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  Infrastructure you. Have the infrastructure saying
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  I'm an institution, what do I need to own?
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  No poo poo coins, just Bitcoin and Ethereum.
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  All right, no poo poo coins. You've graduated from a trader
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  in trading and hope IAM to Bitcoin and Ethereum.
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  But let me give you some game as to why you don't want to invest
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  into a true trillion dollar asset class.
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  You want to invest into something that might be worth
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  150 trillion. Let me put you on game when we
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  talk about the tokenization of the financial system.
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  Let's talk about four key parties, exchanges and trading
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  platforms, 1-2 brokerages, three data and index vendors, and four
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  asset managers. Now I'm going to give you the
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  market caps of some of the large players in these industries and
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  tell you the total market cap of this entire market.
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  ICE, which owns the New York Stock Exchange, worth about $70
• 10:52
  billion. The CME Group, depending on what
• 10:55
  commodities are doing, is worth 70 to $85 billion, NASDAQ, about
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  $50 billion, the CBOE, $40 billion.
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  Let's go to the brokers. Charles Schwab 135 to $140
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  billion. Interactive Brokers $50 billion,
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  Robin Hood $33 billion. So the ballpark for this asset
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  class is about $200 billion. What about the data vendors like
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  Bloomberg, $70 billion. What about the S&P Global $50
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  billion? When you add up this group,
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  including MSCI, you get this layer that's worth about $250
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  billion. Asset managers like BlackRock,
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  the biggest, are taking about $14 billion in in fees.
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  So maybe they get a little bit more efficient with the
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  tokenization of this asset class.
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  So the rough total, when you add up 300 to 400 billion, $200
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  billion in 250 billion dollars, well, and then the private
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  brokers, all the black rocks and ETFs and big players out there,
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  you get another 100 to $200 billion in total.
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  If I'm generous, this is a 1 1/2 trillion to $2 trillion asset
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  class. So if Ethereum takes this entire
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  market, you get a $2 trillion investable asset class.
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  Maybe let's put a 10X multiple on it.
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  It's a $20 trillion asset class. But Bitcoin is going after a $38
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  trillion asset class in the United States debt problem alone
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  and 150 when you expand globally 2 trillion or 100. 150 Before we
• 12:09
  go any further as to why some experts believe that this is
• 12:12
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  Think about how mind blowing this is.
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  The CEO of one of the largest companies in the world, in the
• 13:23
  backbone of our entire infrastructure understands that
• 13:26
  Bitcoin is a wildly innovative discovery.
• 13:29
  We can take excess energy and convert it to currency and then
• 13:32
  transport it around the world globally, from place to place.
• 13:36
  Essentially what Bitcoin is doing is taking excess energy,
• 13:40
  storing it into a new form. It's called currency, and you
• 13:44
  take that currency and you take it wherever you like.
• 13:47
  And so you took energy from one place, and now you've
• 13:50
  transported it everywhere. Bitcoin is global capital.
• 13:54
  When you think about these different banks needing another
• 13:56
  form of collateral, needing another undergirding to the
• 13:59
  current financial system that isn't a dollar based system
• 14:02
  anymore. While you need a hard asset, a
• 14:04
  hard asset that's a political. And This is why Bitcoin is the
• 14:07
  prime candidate. It's going after multiple
• 14:10
  trillions of dollars, hundreds of trillions of dollars of
• 14:12
  capital that need another place to park in to refinancialize the
• 14:16
  system. And that's why it's so important
• 14:18
  that people understand Bitcoin because it's not just an asset
• 14:21
  that the richest and wealthiest can get.
• 14:23
  It's accessible to all of us into 8 billion people around the
• 14:26
  world. It provides hope in a
• 14:27
  conversation with Preston Pitch where she's talking about how
• 14:29
  Bitcoin is truly hope for people that are struggling, for trying
• 14:33
  to get out of the situation, for trying to get back to a place
• 14:36
  where we might feel like 1967 or the last time that the IU
• 14:40
  Hoosiers won a Big 10 Championship.
• 14:42
  I do say Bitcoin is hope a lot, right?
• 14:44
  It's this antidote, it's this ultimate solution.
• 14:46
  But it's so funny, human nature, like you can tell someone, hey,
• 14:49
  don't worry, everything's going to be great.
• 14:50
  And they'll sort of just like shrug and not pay attention,
• 14:53
  tell them that the world is on fire and something bad is about
• 14:56
  to happen and you have their full undivided attention.
• 14:59
  And believe me, I know that really well from working in
• 15:01
  news. Because if it bleeds, it leads.
• 15:03
  And it's like, you can really sell panic.
• 15:06
  And I'm actually trying to do the opposite because I think the
• 15:08
  thing that people most need is a feeling of I can do this, the
• 15:12
  future can be better than the present.
• 15:14
  I can make it, I can achieve, I can empower myself.
• 15:18
  And that's really ultimately kind of the underlying message
• 15:22
  of the book is like, it's not too late and you can take
• 15:25
  control over your time again. And that's what I think is what
• 15:29
  money allows us to do, is control our time again when we
• 15:33
  feel this constant pressure on our backs.
• 15:36
  You've actually talked about this, I think, on my show before
• 15:38
  or another show. I think it's led to so much of
• 15:41
  the decay morally that we see in society when every single member
• 15:45
  of the household has pressure on them to provide.
• 15:48
  And it never feels like enough. Now you need 3 incomes for what
• 15:52
  you used to be able to afford on one income.
• 15:55
  And you see us getting more and more divided and negative
• 15:57
  online. And we all use social media, I
• 15:59
  think as, as this tool. Like if you're in a great place,
• 16:02
  you use it as a tool to get more information and, you know,
• 16:06
  improve yourself, create businesses.
• 16:08
  But if you're in a bad place, you use it to vent your
• 16:10
  frustration and probably find scapegoats and find other
• 16:13
  people. You know, misery loves company.
• 16:15
  And we're in this very, very divided.
• 16:18
  And I think just like a place of mental angst where people just
• 16:22
  feel so resentful and frustrated of how far they've fallen
• 16:26
  behind. And it's not your fault.
• 16:28
  Like part of the book is saying like, you are working hard.
• 16:31
  I'm acknowledging the fact that, like, you have put in this work
• 16:34
  and you deserve to feel like you have control over your time and
• 16:39
  your future. And that's what Bitcoin offers
• 16:41
  you. And Bitcoin is, in my opinion,
• 16:43
  the best solution. But it's really just
• 16:45
  representative of a good form of money that allows you to save
• 16:48
  for the future because it cannot be debased, because it is
• 16:51
  scarce, because it is divisible, because it is portable, because
• 16:54
  it, you know, answers to all of these defects that came before
• 16:57
  and other forms of money. That's like the whole message is
• 17:00
  for the first time in human history, we have a form of money
• 17:03
  where the average person can start to accumulate a political
• 17:07
  globally traded capital to start to have a seat at the table and
• 17:11
  plan for their lives. Their families dropped their
• 17:13
  time preference. And and that's what makes me so
• 17:16
  excited, and also why I think that it's so important to share
• 17:19
  this message with the average person who feels left behind.
• 17:22
  So let me ask you this question. When you're thinking about where
• 17:25
  and how to invest, how do we get out of this rat race?
• 17:27
  Do you want to invest into crypto, the tokenization of the
• 17:30
  financial world that's worth about $2 trillion, or if we're
• 17:33
  generous, 20 trillion? Or do you want to invest in an
• 17:35
  asset class that's worth 150 trillion, $200 trillion?
• 17:39
  I don't know but one of the ways is that people on this platform
• 17:42
  can continue to invest in the Bitcoin is by diversifying how
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  you buy Bitcoin. Buying Bitcoin in on an exchange
• 17:48
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