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Own Bitcoin? Why A.I. Dystopia Is Closer Than You Think! | Bitcoin Simply · Simply Bitcoin

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  Day by day, the economy is getting worse for the middle
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  class. The divergent between the haves
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  and the have nots continues to get bigger.
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  Every chart indicates that the 4th turning is on the horizon
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  and AI is only making matters worse for the middle class.
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  Are you prepared for a future where AI is coming for your job?
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  Today I'm going to show you what I'm seeing out there in the
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  market as it relates to AI and disruption for the middle class.
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  And if you're in the middle class, what you can do to avoid
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  this disruption. This is Dante Coke with Bitcoin.
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  Simply let's go. The middle class is being
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  decimated and this isn't hyperbole or hyperbolic.
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  Hear what McDonald's CEO had to say about what's happening in
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  the economy and. Part of what we also saw was
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  that particularly with middle and lower income consumers,
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  they're feeling under a lot of pressure.
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  But he said. I think there's a lot of, you
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  know, commentary about what's the state of the economy, how's
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  it doing? And, and what we see is it's
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  really kind of A2 tier economy. If you're upper income earning
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  over $100,000, things are good. Stock markets are near all time
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  highs. You're feeling, you know, quite
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  confident about things, you're seeing international travel, all
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  those barometers of upper income consumers are, are doing quite
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  well. What we see with middle and
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  lower income consumers is actually a different story.
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  It's that consumers under a lot of pressure in our industry,
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  traffic for lower income consumers is down double digits.
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  And it's because people are either choosing to skip a meal,
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  so we're seeing breakfast, people are actually skipping
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  breakfast, or they're choosing to just eat at home.
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  And so for our business, which has a significant group of
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  consumers which are in that middle and lower income, we
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  needed to step in with something like what?
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  We're doing one of the signposts that makes me very fearful for
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  the middle class is all of the videos coming out about the robo
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  taxis down in Austin, TX. The videos coming out are
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  absolutely insane, but the data that's coming out is even more
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  shocking right now. Prices for robo taxis, or about
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  1/5 of the amount that they are for, or Uber, Lyft or any other
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  ride sharing servers. It's obvious the stunning
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  effects that this is going to have on the gig economy.
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  Predominantly staffed by middle and low income workers who are
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  trying to make ends meet with a second and third gig job.
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  Anthropic CEO says that AI is not only coming for gig workers,
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  but it's going to wipe out 10 to 20% of every white collar entry
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  level job. And this is already happening as
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  10 1/2% of people between the ages of 16 and 24 are
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  unemployed. Basically the economy relies on
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  spending from baby boomers in the rich.
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  The top 20% drive 50% of the spending.
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  And this is just the beginning. AI is coming for more jobs, so
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  the. Super intelligence is where
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  things could get really nutty and we're already starting and
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  that's where like the doomsday scenarios, Terminator ones kind
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  of come out of that group. So what happens if you know all
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  drivers go away? Well, every self driving car is
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  for full time jobs and every humanoid robot in a factory has
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  five jobs, maybe 6 because those jobs you can only, you can work
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  for maybe 7 hours as a just physical limitation as humans
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  were driving. You can work a 12 hour shift and
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  those are those are going to be here folks.
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  And before 20-30 you're going to see Amazon, which has massively
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  invested in this, replace all factory workers and all drivers.
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  The idea that when you order something from Amazon, a human
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  would touch it at any point in that supply chain is insane.
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  It will be 100%, you know, a robotic, which means all of
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  those workers are going away. Every Amazon worker, all those
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  jobs, UU PS:, gone, FedEx gone, every all of those are going to
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  be gone. And those companies will be more
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  profitable. And when you order something,
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  it's going to come faster and cheaper and better and your Uber
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  will be half as much. But somebody needs to retrain
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  these people. And that's actually a very valid
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  fear. That technologist will tell
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  somebody like you, don't worry about it.
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  They'll just be more jobs created.
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  The question is what happens to those people who get caught in
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  the gap, right. And when we had this happen in
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  the Industrial Revolution, that happened over 40 years, 50
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  years. And, you know, the agricultural
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  revolution, you know, again, that was multi decades.
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  This one will happen in a decade.
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  And so it'll be very different. And yeah, you should be.
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  Concerned. The reality of the situation is
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  you have to be an owner of assets. the Fed is backed into a
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  corner and the economy has nowhere to go other than to pad
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  the profits of big companies. Earnings look good, but job
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  growth is at a halt. They have to print money in
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  order to get us out of this Great Depression that's coming.
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  They can't let the system fail. They will run the economy high.
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  We're just in a situation where everyone who's involved in the
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  crypto world, So if you separated your audience by
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  people that knew me from the macro world and people that have
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  grown up with you on the crypto world, the basement is the major
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  story. They have to run the economy hot
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  and then rates need to be lower than where inflation is going to
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  be. And that's where we're headed.
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  So instead of trying to fight it, I'll use Darius Dale's
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  comment that he said to you, focus on the destination.
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  The feds going to be more dovish going forward.
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  They're going to be running the economy hot.
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  Make your investments based on that.
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  Listen to this great clip from Mel Madison from the TFTC
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  podcast on where he thinks things will go when the Fed, not
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  if the Fed lowers rates and the President enacts their policies
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  to run this economy on fire. Think the new Fed dynamic that's
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  going on is actually bullish bonds, which is a little anti
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  consensus right now. And I think that, you know,
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  we're we've got a president and an administration that is hell
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  bent on creating an economic boom come hell or high water.
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  He wants housing to soar. He wants lower rates, he wants
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  higher equities. And he is going to push, push,
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  push. And I think a lot of people are,
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  you know, raising their hands in the air saying this is all going
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  to collapse. And I'm not saying that's not
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  impossible, but my bet is that it's actually going to happen.
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  And that, you know, a year from now, we're going to be at an S
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  and P / 7000. We're going to be a Bitcoin over
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  150. We're going to be a gold over
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  4000. We're going to have a 10 year
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  with A3 handle on it. And the economy is going to be
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  booming. So short term, there's going to
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  be bumps in the road, but long term, I think the trends
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  continue. Hey, hold on one second.
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• 7:16
  Every 4th turning is characterized by a desire for
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  more order and a lack of ability to supply it from institutions
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  and people in leadership. Disruption in technology and
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  right now in the form of AI is happening faster than any
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  policies that can be changed from our leaders.
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  No matter who you elect, you cannot fight digital disruption
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  with a policy. But you have to fight it with a
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  protocol, one that's designed to absorb digital chaos and create
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  digital order. You have to fight digital
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  abundance with digital scarcity. Here's a great clip from Stephen
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  Bartlett's podcast with AI Researcher about why Bitcoin is
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  the only thing that we know has a fixed supply in this new world
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  of AI. Free labor.
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  What's money? Is it now Bitcoin?
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  Do you invest in that? Is there something else which
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  becomes the only resource we cannot fake?
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  So those things are very important research topics.
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  So you're investing in Bitcoin, aren't?
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  You, yeah. Because it's a.
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  It's the only scarce resource. Nothing else has scarcity.
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  Everything else, if price goes up, we'll make more.
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  I can make as much gold as you want.
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  Given a proper price point. You cannot make more Bitcoin.
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  Some people say Bitcoin is just this thing on a computer that we
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  all agreed was valuable. We are a thing on a computer,
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  remember? OK, so I mean not investment
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  advice, but investment advice. It's hilarious.
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  So that's one of those things where they tell you it's not but
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  you know it is immediately there is a your call is important to
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  us. That means your call is of 0
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  importance and investment is like that.
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  Yeah, yeah. When they say no investment
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  advice, it's definitely investment advice, but it's not
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  investment advice. OK.
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  So you're bullish on Bitcoin because it's it can't be messed
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  with? It is the only thing which we
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  know how much there is in the universe.
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  It's the only thing in the universe that they can't make
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  more of, and there's very few people that understand this,
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  even people like Stephen Bartlett who interview some of
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  the top people in minds in the world.
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  This is your alpha and your opportunity.
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  This is your lifeboat. If you're in the middle class
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  and you're struggling, you need to own assets and you need own
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  assets that are going to appreciate faster than the
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  debasement that's happening in the currency.
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  And the only way that you can do that is with Bitcoin.
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  Take your extra discretionary earnings and income and think
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  about saving it in a technology that's designed to fight AI.
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  Before you go. You can learn about AI and
• 9:36
  digital disruption and how Bitcoin leverages machines or
• 9:40
  proof of work in order to combat digital abundance.
• 9:43
  You can learn about that by going to the largest digital
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  happening in Dallas, TX from November 11th through November
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  13th. Get 20% off your tickets by
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  using the promo code Simply Bitcoin.
• 9:54
  This is Dante Cook with Bitcoin. Simply Happy stacking.