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Could The AI JobPocalypse Send Bitcoin to $1M?! | Bitcoin Simply · Simply Bitcoin

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  Yesterday, one of the biggest tech companies in the world laid
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  off 40% of its staff, and the stock shot up 20%.
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  This signals that the AI disruption that we've been
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  talking about on this show is finally here.
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  Jack Dorsey says something has changed and that something is
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  coming for every job, every industry, and every home faster
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  than you think. AI is going to disrupt
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  everything in the digital age except Bitcoin.
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  Today, I'm going to show you why this shift is so important, why
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  it's impacting everything in the world, and how Bitcoin fits into
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  this entire scheme. Bitcoin has the only Moat that
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  AI can't touch. Change is coming, and it's time
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  to get prepared. Now, I'm going to show you how.
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  This is Dante Cook with Bitcoin. Simply, let's go.
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  It's time that you woke up and faced the facts.
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  AI is coming for your job and mine.
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  Yesterday was one of the biggest signals of how quickly the world
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  is changing. You've said AI could wipe out
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  half of all entry level white collar jobs and spike
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  unemployment to 10 to 20% in the next one to five years.
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  Yes. That is.
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  That's shocking, that is. That is the future we could see
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  if we don't become aware of this problem now.
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  Half of all entry level white collar job well.
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  If we look at entry level consultants, lawyers, financial
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  professionals, you know, many of kind of the white collar service
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  industries, a lot of what they do, you know, AI models are
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  already quite good at. And without intervention, it's
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  hard to imagine that there won't be some significant job impact
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  there. And my worry is that it'll be
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  broad and it'll be faster than what we've seen with previous
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  technology. This reality from Dario's
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  prediction came faster than anyone thought as Jack Dorsey
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  came online yesterday and announced that Square was laying
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  off 4000 of their 10,000 employees.
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  And the crazy part is Wall Street rewarded them for.
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  But this trend has been happening for the past year or
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  so. As the S&P 500 has taken off,
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  job openings have decreased. Opportunities out there,
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  especially for white collar workers, are few and far
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  between. Jobs are harder to find and
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  harder to keep. But here's the thing that stuck
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  out for me in Jack Dorsey's comment, which leads me to
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  believe that we're going to see more of this.
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  He said I had two options, cut gradually or cut all of the
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  employees all at once. The slow reduction in jobs would
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  have led to the same outcome with worse morale.
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  And so he made the hard decision sooner.
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  And I think every CEO in a large corporate company is going to be
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  faced with these same decisions. The destruction of jobs from AI
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  is just beginning. Here's one example.
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  Just yesterday, Claude released a wealth management add on which
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  basically functions as an advisor for you personally.
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  And This is why Jordy Visser has been saying for the past year
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  that Bitcoin is the best trade against this AI disruption.
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  I've said repeatedly that for me, Bitcoin is the purest AI
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  trade as AI goes through the complete disruption of all
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  businesses and the only met that the Moat that's left at the end
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  of the day is a store of value that is in the digital economy.
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  Governments cannot regulate AI faster than it's disrupting
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  markets and this backs them into the corner because the Feds
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  mandate is around employment and price stability, both of which
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  AI is coming for. Kevin Wash will have his hands
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  full when he steps into his new role.
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  The reason why Bitcoin is such a great trade for this AI
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  disruption is because it benefits disproportionately when
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  they have to turn the money printer on.
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  When unlimited money goes into a fixed asset, well, things tend
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  to correlate towards Bitcoin. And secondly, it's a global
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  asset. It's the asset of AI.
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  Listen to Bitcoin OG and tech insider Ben Horowitz, who's been
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  at the beginning of every major technological shift since the
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  Internet. I do think crypto is the natural
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  money for AI because it's the it's Internet native money and
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  it's not controlled by AI is global and and crypto is global.
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  It's not a per country idea. I, I, I would go further than
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  that then I, I think that there needs to be not just a Ledger of
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  money, but probably a Ledger of truth for AI to really fulfill
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  its potential on, on a number of things.
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  And crypto is a logical answer for that.
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  So I, I do feel like this is an underestimated phenomenon,
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  particularly now that the US has legalized stablecoins.
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  I think that of all the things we've talked about, you know,
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  many of them are like, yeah, yeah, we knew this was coming.
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  We knew this was coming. I think people are probably
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  underestimating how crypto and AI work together to form the AI
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  economy. It's a little more like kind of
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  as the Internet relates to the iPhone.
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  So, you know, networks and computers tend to grow together
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  and I think that, you know, AI is obviously a new kind of
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  computer and crypto is a new kind of network.
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  So it's not like a direct, you know, it's not quite a
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  substitute for investing in AI. But I think that, you know, a
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  lot of our new like, like we invested in a crypto bank which
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  handles all the anti money laundering and you know, other
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  kinds of nuances that you need for AI agents.
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  And I think there's going to be more and more, well, again,
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  we're in a company called Daylight Energy, for example,
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  that does energy trading, you know, but the, the, the among
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  like different people with Tesla Powerwalls, but it, it'll use AI
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  to figure out like who's low on power and who who needs power
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  and so forth. But then the exchange will be in
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  crypto. So I think there are, you know,
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  they're certainly adjacent and important to each other.
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  And I think for AI to fulfill its potential like it would help
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  a lot if you know if there was, if crypto was a pervasive
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  utility for it. Bitcoin is the currency of AI
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  and it's not just him that's talking about the role of Fiat
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  currencies. As we move forward into this
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  world of digital assets in AI, one of the highest executives at
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  BlackRock talks about the future of Bitcoin.
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  by becoming sovereign. A sovereign individual that
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  doesn't have to rely on other people for goods and services.
• 6:42
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• 6:57
  What factors most influence Bitcoins?
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  Long term value. Yeah.
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  Yeah, important questions for sure.
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  I think the first point that we need to remember is that any
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  Fiat currency like the US dollar, euro or otherwise does
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  not have intrinsic value either. There's nothing about the dollar
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  bill in your pocket that is actually intrinsically useful,
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  and the same is almost true of gold, where gold has some
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  usefulness as a industrial input, a little bit of usage,
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  and jewelry. But if that's all gold was, then
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  its valuation would likely be less than 10% as large as what
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  it is today. And in the case of Bitcoin that
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  doesn't come out of nothing. You have what is the pre eminent
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  asset riding on this new technology wave blockchain
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  technology. You have the first asset to gain
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  widespread global adoption as a plausible monetary alternative
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  in thousands of years since gold and silver achieved that.
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  And you have something that when we asked the question, how many
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  types of money should exist in the world that are not issued by
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  a government? As long as your answer is not
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  less than say 2, then there's room for Bitcoin in that
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  equation, right? Because it's basically gold and
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  it's Bitcoin that exists outside of the government issued money
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  domain and that's pretty valuable.
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  And the network effects and the brain and the liquidity and
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  adoption associated with that, those are all real things.
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  In this digital world that we're moving to, it will be 1 of the
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  only digital things that's tethered to the physical world.
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  Fiat has no inherent value, especially when everything goes
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  digital. And this makes money global.
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  This makes the world more global.
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  Being able to transact, settle and trade instantly with anyone,
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  anywhere across the globe means that we need a hard money to
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  back these digital currencies. Jeremy Alaire, the CEO of
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  Circle, knows exactly what this all about and he's long Bitcoin
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  AT65K. Yeah.
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  Look, the only, the only thing I would just say about Bitcoin is
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  right now it is, is sort of best positioned as this sort of non
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  sovereign digital commodity store of value.
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  And you've had a lot of kind of macro moves, a lot of macro
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  volatility that has affected that in different ways.
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  And I'm I'm personally long Bitcoin.
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  Ben Sigmund and Fred Krueger laid this out in their book
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  Bitcoin 1,000,000. What will the world look like
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  when Bitcoin hits 1,000,000? Or why will Bitcoin hit a
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  million? Because of what the world looks
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  like. And they talked about AI and
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  Bitcoin, how AI is going to displace every single job role,
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  drivers, doctors, surgeons, lawyers, artists, everyone is at
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  risk. And so with this, this presents
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  a historic opportunity for you to invest and get ahead of these
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  trades right now, a hard money for a digital future.
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  And right now Bitcoin is at historically low prices
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  according to the RSI price indicators, It's the cheapest
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  that it's ever been in the history of Bitcoin.
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  And right now we think it's because Bitcoin's price is being
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  suppressed. In fact, Michael Saylor is now
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  going after James St. suing them for manipulating MicroStrategy
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  in the price of Bitcoin. Donald Trump media made a claim
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  about James St. in June of 2024, and India has already banned
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  James Street from functioning in their markets and actually they
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  hold $540 million of their capital.
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  We'll see if that has an effect of bitcoins price, but
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  regardless, Bitcoin is the trade for the AI future and it's time
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  for you to wake up and start positioning yourself and your
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  portfolio for the disruption that's coming.
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  This is Dante Cook with Bitcoin. Simply one of the ways that you
• 10:54
  can continue to grow in your Bitcoin journey and by becoming
• 10:57
  more sovereign as the AI disrupts every single industry
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  today. This is Dante Coca Bitcoin
• 11:24
  Simply happy stacking.