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Is Bitcoin Dead? | Beyond Bitcoin · Simply Bitcoin

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  Bitcoin recently crashed from holding it down from the mid 80s
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  to a pathetically low 70s. Actually, it made it all the way
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  down to the 60s. It's in the 60s, meaning
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  thousands of people watch their portfolios drop 30 to 60% or
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  more. You've heard the headlines.
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  Bitcoin is dead. A bubble popped.
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  The narrative is over. But here's the first truth.
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  Bitcoin's life was never defined by a number on a screen.
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  If it were, than anyone who bought at 126,000 is already
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  dead money. And by the way, am I being
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  disrespectful for filming this at a cemetery?
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  Most normal people would stop listening at this point because
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  they anchor their perception of Bitcoin on price.
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  But you're not normal, right? Bitcoin is so much more than
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  just price. It's a new form of money.
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  So the question isn't is Bitcoin dead?
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  Question is, even after the recent price drop, does Bitcoin
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  still transform the way we think about money on oceans?
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  This is beyond Bitcoin. Look alive.
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  First, let's all bow our heads for a moment of silence for the
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  Bitcoin price. The Bitcoin Ogs actually aren't
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  that excited about Bitcoin anymore.
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  I mean first the index is at 0 so which is extremely varied
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  territory and it has been between like 0 and 10 for the
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  last maybe month and 1/2. Many hodlers must feel
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  frustrated after hearing these lines over and over again, but
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  this is kind of where you have to eat some humble pie and put
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  on your big boy pants. The main thing we must all
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  understand is Bitcoin isn't a chart.
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  So let's stop pretending the price chart is the full story.
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  Because if Bitcoin was just a price chart, then it died at
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  3000, it died. At 16,000.
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  It died at 30,000, and supposedly it's dying again
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  right now. But Bitcoin doesn't die.
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  What dies is people's misunderstanding of what it
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  actually is. And here's the uncomfortable
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  truth. Don't you just love those
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  ChatGPT lines? Before Bitcoin, most of us never
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  even questioned what money was. We questioned the banks, we
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  questioned government. We even questioned inflation.
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  But we never questioned the very thing that lies underneath all
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  of it. Even Michael Saylor said that
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  before Bitcoin, nobody actually understood what money was at
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  all. Take a look.
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  My observation with Bitcoin is before Robert asked me on his
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  show what is money, I had never questioned what is money and
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  then we explored it together for many, many hours and it.
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  And when I finished that expiration, my conclusion was
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  money is economic energy and and there has never been a perfect
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  vessel for the transfer, a perfect asset for the
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  transference of money in the history of humanity.
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  Therefore, every other academic before Bitcoin never understood
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  what money was. Not really, because at best, all
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  they could do was conceptualize A theoretical A theoretical
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  money. And no one in the history of the
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  world ever actually implemented A monetary system with a with a
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  proper money. They were always defective.
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  And because they were always defective, whether they're
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  seashells or glass beads or the like, that meant that all
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  economics was in essence mysticism and an art and
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  politics, but none of it was engineering.
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  You could, you could never engineer a proper economic
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  system until you had a proper understanding of money.
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  But even if I had a, if I had a proper understanding of money,
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  like it's like asking the question, what is steel 4000
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  years ago? And then you say, well, I
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  conceptualize a mineral that's so hard that it won't deflect.
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  Even if I pile up 100 story building.
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  I conceptualize that. And you say, I can imagine that.
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  I can imagine his magic. But then now you build 1.
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  Sailor isn't saying money was mismanaged.
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  He's saying money was never properly understood.
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  And if you don't understand money, you can't understand
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  economics, you can't understand politics, you can't understand
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  power. So when people are questioning
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  why Bitcoin is crashing, they're still asking the wrong question.
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  The question isn't why did Bitcoin go down, The question is
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  why did money work this way for 5000 years and suddenly stop
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  working? And this is where Bitcoins value
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  becomes obvious, not to markets, but to belief systems.
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  Because Bitcoin doesn't just give you a new asset, it gives
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  you a new lens to look through. It gives you a new lens to look
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  through. I thought I was a crypto savant,
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  you know? Every garbage coin I invested in
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  seemed to be doing incredibly well, but it was toxic Maxis on
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  Twitter at the time that convinced me that I needed to
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  study Bitcoin. You know, my ego told me I
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  already knew everything I needed to know, but it wasn't until I
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  read the Bitcoin Standard that I realized I knew nothing.
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  And so that sort of got me on my way to learning more about
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  Bitcoin and really understanding, I think, more
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  about economics and the world and investing and just how much
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  the system was rigged. Man, if that story doesn't sound
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  familiar, do you have a similar story?
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  Let me know in the comments. Basically invites you to rethink
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  everything you've learned in your entire life.
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  Satoshi opened a portal into cyberspace.
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  And when you go through it, potentially, in fact, when you
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  go through it, it offers the promise that you can remake and
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  perfect your property rights, your political rights, your
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  intellectual, you know, self, you know, there's this like, not
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  your keys, not your coin. And you talked about not your
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  keys. And I'm saying not your keys,
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  not yourself, you know, and, and, and so I guess the portal
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  invites you to reimagine yourself and reimagine
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  everything you ever learned. Listen to what Sailor's actually
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  saying. Bitcoin doesn't ask you to
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  optimize your portfolio, it asks you to re evaluate reality.
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  That's why people who have been through multiple cycles stop
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  reacting to price. Somehow I'm still reacting to
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  price. And this is exactly why people
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  like Jack Mallers don't flinch when Bitcoin drops 3040 or even
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  60% because they're not building for this quarter.
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  They're not building for this year, they're building for
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  decades to come. Before we go any deeper into
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  even when the world glitches. I also want to take a moment
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• 7:13
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• 7:18
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• 7:21
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• 7:24
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• 7:27
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  building financial sovereignty with confidence.
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  And are now nursing some pretty serious losses.
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  What would you say to them? I'd say the same thing for
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  people that bought Bitcoin at 126,000 is that, you know, we
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  are building for the long term, right?
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  This is a business that I plan to be the CEO of forever.
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  Bitcoin is a technology that's way bigger than just me or just
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  this company. It's going to last way longer
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  than any of our lives. And so this is a long term
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  mission to fix the money and fix the world.
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  And I don't really have any advice or tips for day traders
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  or, you know, Robin Hood option punters.
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  You know that those people are way smarter than I am at picking
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  the right stocks and picking the right times.
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  I build for the long term. I'm looking to rebuild society
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  and recapitalize society on sound money that nobody can
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  control and manipulate. And that's what I would say is
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  that this is a long term business.
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  I'm building for decades. We have no problem with the
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  volatility and nothing about who we are, our mission and what
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  we're building has changed. Did you catch that?
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  He didn't say fix the price, he said the money.
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  And that distinction changes everything.
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  If Bitcoin was just about price, volatility would kill it.
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  But Bitcoin is about monetary transformation.
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  Volatility is just the growing pains.
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  And even people who don't fully commit to Bitcoin, even
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  skeptics, are forced to admit something fundamental has
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  changed when they face the properties of Bitcoin.
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  Well, the evolution of Bitcoin over the years is 1 of the
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  things that has influenced changes in my view.
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  It has proven itself something like 10-11 years ago.
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  Imagine the programming of this. And here's the you throw it out
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  and that's the idea. It has not been hacked.
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  It has operated. It is built.
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  It has come an amazing way over that 11 years to be maybe
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  probably the most excited topic among a lot of people and has
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  been used and and is now has obtained, you know, the status
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  of having imputed value. At the same time, it is one of
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  those assets that is an alternative money.
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  I think we're entering an era where there's going to be a
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  competition of monies because of the printing of Fiat money and
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  the depreciated value. There will be a competition of
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  monies and Bitcoin is part of that competition.
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  Hey buddy, when Ray Dalio says competitions of monies, what
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  he's really saying is the current monopoly on the money
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  system is breaking down. But we all know monopolies don't
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  die quietly. They fight, they smear, and they
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  scare. So when you see fear in the
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  market, ETF selling, liquidations, panic, that
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  doesn't mean Bitcoin is failing. It means that the old system
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  probably feels threatened. Bitcoin isn't asking for
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  permission. It doesn't care about approval,
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  it doesn't care about your entry price, and it doesn't read the
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  headlines because it doesn't have eyes.
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  Unless you consider that we all are the eyes of Bitcoin.
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  The people who understand money and are more attuned money
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  already understand and like Bitcoin right now.
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  The people who are more preoccupied with like number go
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  up in the legacy system, have ETFs to go through it all.
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  Like we are slowly replacing feds, right?
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  Like and and on the Internet like nothing beats a lightning
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  payment, right? Like it's better than visa, it's
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  better than everything else. So like it's going to happen.
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  It's it's, it's just like you just got to exist in this and
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  make it pleasant. Let me show you this right like.
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  Because once you understand what Bitcoin is, you can't Unsee it.
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  You can't go back to believing money is neutral, you can't go
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  back to believing inflation is accidental, and you can't go
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  back to believing that the system is broken by mistake.
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  So no, Bitcoin isn't dead, guys. What's dying is the illusion
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  that money was ever fair, neutral, or stable to begin
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  with. Before I sign off, I want to
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  mention Club orange.org, formerly the Orange Pill app,
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  the global social network built exclusively for Bitcoiners.
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  Connect with fellow SAT stackers like yourself, find local
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  events, meetups and merchants, and grow your Bitcoin community
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  in real life. I'm on club Orange too and you
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  can reach out to me directly there.
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  If you want to you can DM me, I'm at oceans.
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  Special shout out to Mr. Michael out there in Jersey.
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  Thank you so much for your support and connecting with me
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  so far on cluborange.org. You got to remember bitcoins
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  value isn't in short term price action, it's in long term truth
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  discovery. Ask yourself these questions.
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  If the money changes, what else changes?
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  If trust in our system changes, what else changes?
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  And if your ability to be sovereign changes, what else
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  changes? Price is volatility, but truth
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  endures. Diamonds are forever, but are
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  they? Though?
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  Bitcoin is not dead, it's revealing more of itself every
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  single cycle. Thank you so much for watching
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  this video. If you like what you see and you
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  want to see more, make sure you hit that like button below.
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  Or you can subscribe to the Simply Bitcoin channel for more
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  content like this. We're coming out with it every
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  single day, guys, every single day.
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  Also, if you want to leave us a comment, feel free to.
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  We get many many comments from our chat bot friends in the poop
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  coin community. Also, don't forget to hit that
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  notification bell. I'm oceans this is beyond
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  Bitcoin. Until next time.