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Did The Fed Just Signal $250K Bitcoin?! | Simply Originals · Simply Bitcoin

• 0:00
  Jerome Powell has once again told Trump to GFY.
• 0:04
  Oh, you want to cut rates? How about no?
• 0:07
  OK, Jay Powell. When the Fed leave rates
• 0:10
  unchanged and Trump is furious, he doesn't know what to do.
• 0:14
  Yes. Is it too late though?
• 0:16
  Do you think it's too late to now?
• 0:17
  Really, Nothing's too late. The only thing too late is
• 0:20
  Powell. Powell's too late.
• 0:22
  Too late Powell or does he the genius act has passed and the
• 0:26
  orange man is pretty excited about it.
• 0:29
  Where we go one we go, he said lightning.
• 0:34
  Did you see it? Do you see it?
• 0:36
  What the hell is going on? Is the orange man sending coded
• 0:40
  messages and breaking AUS state just erased Bitcoin capital
• 0:45
  gains on micro payments and despite the Fed and despite
• 0:50
  America doing hey America, what do you?
• 0:53
  What are you doing over there? What are you doing?
• 0:56
  Huh? What are you doing?
• 0:58
  Nothing. Me just hanging.
• 1:05
  Around, just hanging around, he says.
• 1:07
  Well, Despite that World War Three looming, apparently solar
• 1:12
  flares, impossible stagflation, Bitcoin is standing strong and
• 1:17
  sniffing all time highs in X payments is set to go live, and
• 1:21
  Arthur Hayes just gave 9 trillion reasons why Bitcoin is
• 1:25
  set to hit 250K and before the end of this year.
• 1:29
  Welcome back. I'm Rustin and we've got a lot
• 1:31
  to get to today. Send it.
• 1:40
  Well, the Fed just hit the snooze button again.
• 1:43
  The Federal Reserve just held rates steady exactly as
• 1:46
  expected. But what they didn't change
• 1:48
  might cause more heat than what they did.
• 1:51
  And I think we all know one guy who's definitely not happy about
• 1:54
  it. You guessed it.
• 1:55
  And well, he's, and now too late, Jerome Powell, well, he's
• 1:59
  even later. But let's go ahead and talk
• 2:00
  about what changed since the last FOMC in May, because it's a
• 2:05
  lot. Global trade policy uncertainty
• 2:08
  has crashed, but geopolitical uncertainty has skyrocketed,
• 2:11
  especially post FOMC. That's pushed crude oil soaring,
• 2:16
  bonds and the dollar down, and gold just flatlining but stocks
• 2:20
  ripping. Meanwhile, the soft data is
• 2:23
  perking up, but hard data is rolling over.
• 2:25
  And now the Fed's own expectations for rate cuts in
• 2:28
  2025. Not so fast.
• 2:30
  Since March, more Fed members have gotten hawkish. 7 officials
• 2:34
  now expect no cuts at all in 2025, up from 4.
• 2:37
  Just two still see one cut, 8C2 cuts and 2C3.
• 2:42
  So while median projections for 2025 is still 4.1%, the
• 2:46
  distribution shifted hard to the right.
• 2:49
  And here's where it gets weirder.
• 2:50
  New projections are screaming stagflation.
• 2:54
  GDP for 2025 cut to 1.4%, down from 1.7.
• 2:59
  Unemployment forecast jumps to 4.5%.
• 3:02
  PCE inflation for 2025 up to 3% and core inflation to 3.1%.
• 3:08
  Translation. The Fed sees worse growth,
• 3:10
  higher unemployment and hotter inflation and still won't cut.
• 3:14
  And get this, markets are still betting on way more cuts in 2026
• 3:18
  and 2027 than the Fed wants to admit.
• 3:21
  So what is the big take away? the Fed held rates.
• 3:24
  They now expect stagflation and Powell is still too late
• 3:29
  apparently. We can go ahead and I think it's
• 3:31
  safe to say this is not the pivot markets were hoping for.
• 3:35
  The battle lines are drawn and the next move?
• 3:38
  It might not come from the Fed, it it might come from Trump or
• 3:42
  the market itself. Oh wait, it did.
• 3:45
  Here is Treasury Secretary Scott Besant on the Genius Act.
• 3:49
  There's a new book called King Dollar, a journalist who's
• 3:53
  followed Treasury for about 40 years, and he talks about every
• 3:59
  time there was a narrative that the US was going to lose reserve
• 4:05
  currency status, why it's never happened and.
• 4:09
  Because crypto that I mean that seems to be a threat to the
• 4:13
  dollar, doesn't it? I think it's the opposite.
• 4:16
  Oh really? I think stable coins could
• 4:19
  reinforce dollar supremacy because with stable coins,
• 4:26
  stable coins could end up being one of the largest buyers of
• 4:31
  U.S. Treasuries or T-bills.
• 4:33
  So all of a sudden, if you are using a stable coin in Nigeria
• 4:39
  that's backed by the US dollar, you don't actually have to have
• 4:43
  dollars. It's it's on your phone, you can
• 4:45
  transact. So I think there's a very good
• 4:48
  chance that crypto is actually one of the things that locks in
• 4:53
  dollar supremacy. And is that why it was crucial
• 4:56
  that Donald Trump get involved in crypto rather than trying to
• 5:00
  constrain it like Joe Biden? Was I, I think constraints to my
• 5:05
  little word, I, I think make it extinct.
• 5:08
  So this administration's commitment to digital assets,
• 5:13
  it's innovation because there's so many other things that happen
• 5:16
  around digital assets. And also it, it's, it's one of
• 5:22
  those things that it, it's one of the most important
• 5:26
  phenomenons that's happening in the world.
• 5:28
  And the US just ignored it. Now we've talked about this and
• 5:32
  what it means, this fake backed by fake to induce fake demand on
• 5:37
  U.S. Treasuries.
• 5:38
  Make no mistake, this is yield curve control in a sense, a
• 5:42
  slight means to obfuscate the Fed and global demand dwindling
• 5:45
  for U.S. Treasuries through stable coin
• 5:48
  issuers. All in all, very bullish for
• 5:51
  Bitcoin and further verification.
• 5:53
  Nothing, not even the all power powerful Jerome Powell stops
• 5:57
  this train. In other news, Boom X Payments
• 6:00
  is set to launch. Imminently, literally imminently
• 6:04
  could happen during this talk. It's going to be unlimited
• 6:07
  video, right? In the US, we're about to launch
• 6:11
  X Money. You've seen the enhancements
• 6:15
  with X Chat for premium users, off the charts capabilities, so
• 6:19
  think about what we're doing instead of getting distracted by
• 6:22
  click bait noise. You're thinking about more
• 6:25
  people coming to the platform to spend more time to do more
• 6:31
  things. You know, soon you're going to
• 6:33
  be able to live your whole financial life on the platform.
• 6:36
  peer-to-peer payments, stored value, pay a creator, watch a
• 6:40
  paper, you know, pay-per-view. I mean, come on this we're
• 6:44
  talking about what's next, not what stuff you talk about like a
• 6:47
  fantasy of the past. So I wouldn't be here spending
• 6:51
  jam packed five days if we didn't have tremendous partners
• 6:55
  along with. Kind of looks like Elon is about
• 6:58
  to enable some orange pill app posture type features.
• 7:01
  This could be massive for value for value and Bitcoin as a
• 7:05
  medium of exchange through micro payments.
• 7:07
  The Bitcoin revolution is gaining momentum.
• 7:10
  This is bullish. Kind of like Arthur Hayes who
• 7:14
  sees Bitcoin at a humble 250K by December.
• 7:18
  And spoiler alert, it won't stop there.
• 7:21
  By end of the year. Is that still your timeline?
• 7:23
  Yeah. So I think.
• 7:23
  That we get to 250,000 by the end of the year, it'll be might
• 7:26
  be along the way obviously, but that's sort of my end of year
• 7:29
  price target. And then $1,000,000 Bitcoin is
• 7:32
  like just got off stage talking about how they're going to print
• 7:35
  I think in the realm of 9 trillion ish dollars between now
• 7:39
  and in that period of time. And that is?
• 7:42
  You know. Fannie and Freddie, the
• 7:44
  government support entities that are allowed to create mortgages
• 7:47
  in the US. They they will print 5 trillion.
• 7:50
  You will have probably up to a trillion dollars purchased by
• 7:53
  the banking system due to supplemental leverage ratio
• 7:57
  exemptions and purchasing thing that the foreigners are selling.
• 7:59
  And I think the banks are going to free because they're now
• 8:02
  don't have to hold all this equity capital against their
• 8:03
  treasury book. They can lend more into the real
• 8:07
  American economy. If they print double what they
• 8:09
  did during the 2020 scam, Arthur Hayes is right, $1,000,000
• 8:13
  Bitcoin is pretty easy. That's how omegas are formed.
• 8:17
  And we have more big news to get to out of Ohio.
• 8:20
  But before we bring it home today, look at our likes 3 or 4
• 8:24
  times. Maybe I'll pump those numbers
• 8:25
  up. Those are rookie numbers in this
• 8:27
  racket. Don't forget to like, subscribe
• 8:29
  and give us a PAMP while we recognize our sponsors powering
• 8:33
  this show over at the Bitcoin Way.
• 8:35
  Now is not the time to play around with your generational
• 8:38
  wealth. Nation states are hacking banks
• 8:40
  and exchanges. Money printers are set to
• 8:42
  explode, and now is the time to learn how to get your Bitcoin
• 8:46
  off exchanges and into self custody.
• 8:48
  If you want to learn to run a node and take back your privacy,
• 8:51
  you're going to want to head over to the Bitcoin Way and
• 8:53
  begin your journey towards Bitcoin sovereignty today.
• 8:56
  If you're looking to get started, you can schedule a free
• 8:58
  30 minute in a consultation using that link in the show
• 9:00
  notes. A lot of people ask what's the
• 9:02
  best hardware wallet or signing device to keep your Bitcoin
• 9:06
  secure. You're going to want to check
• 9:07
  out the cold card queue. This thing is an absolute beast
• 9:10
  and you throw in the tap signer for easy multi sig or on the go
• 9:13
  payments and it's tough to beat. So check out coin kite and the
• 9:17
  cold card queue today. And guys, have you ever tried to
• 9:20
  explain Bitcoin self custody to your friends, but they say
• 9:24
  they're fine saving and paper Bitcoin so they can afford taxes
• 9:28
  Boom we got you covered with the orange pill app connect with
• 9:31
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• 9:34
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• 9:37
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• 9:40
  download the orange pill app today go hit a local meet up and
• 9:42
  who knows the connections you make could last a lifetime.
• 9:46
  Here we go X payments is going live and Bitcoin micro payments
• 9:50
  are about to go mainstream just in Ohio's HB 116 passes the
• 9:55
  house with a massive bipartisan support 60 8 to 26 dammit, we
• 10:01
  couldn't get that 69 come on. The bill protects self custody,
• 10:05
  safeguards mining and running nodes inst taxes on Bitcoin
• 10:08
  payments under $200 and positions Ohio as a national
• 10:12
  leader in quote UN quote digital assets.
• 10:14
  Check it out. He has agreed 2.
• 10:16
  Bills for 3rd. Consideration Substance bill 116
• 10:18
  Representative Dimitri and others to minute to an accident,
• 10:20
  I could enact the Ohio blockchain basic sector to
• 10:21
  address mining, taxation and regulation of digital assets.
• 10:24
  The question is, shall the bill pass?
• 10:25
  The chair recognizes Representative Dimitrio.
• 10:28
  Thank you, Mr. Speaker, Colleagues, today is pretty cool
• 10:31
  day. We're getting ready to show the
• 10:33
  country that Ohio's ready to embrace the future of our
• 10:38
  economy and blockchain technology and digital assets.
• 10:42
  Once we pass this bill will become one of the first states
• 10:44
  in the country to create a common sense regulatory
• 10:47
  framework for for these cutting edge technologies and
• 10:51
  industries. It's going to show the nearly
• 10:55
  2,000,000 Ohioans that owned digital assets, as well as
• 10:58
  entrepreneurs and the blockchain and digital asset industries
• 11:01
  that we stand with them and that we support this growing
• 11:05
  technology and industry. Like I said previously, House
• 11:10
  Bill 116 creates a common sense regulatory framework that allows
• 11:14
  this body and future General Assemblies to create future
• 11:19
  blockchain and digital asset regulations in Ohio.
• 11:22
  That bad boy is now headed to the Senate.
• 11:25
  But how many times? Bitcoin, not crypto, but the
• 11:29
  times they are changing my friends and guys, I think we
• 11:32
  have a little bit of a situation on our hands.
• 11:36
  Who the fuck is Jeff? I think we found him No Sir, no,
• 11:43
  absolutely no problems here Carry on.
• 11:46
  If you guys know the biggest Bitcoin mining conference on the
• 11:49
  planet is heading to the Bitcoin mining capital of America.
• 11:52
  Mining disrupt takes over Dallas, TX November 11th through
• 11:55
  the 13th and the simply team will be on site holding it down
• 11:59
  at the news desk and we hope to see you there.
• 12:01
  So grab your tickets today and don't forget to use promo code
• 12:04
  simply Bitcoin for 20% off. Hey, hope you guys enjoyed this
• 12:08
  one. Don't forget to like, subscribe
• 12:09
  and give us a PAMP by sharing the sound money gospel and set
• 12:12
  those notifications for the best in Bitcoin news delivered to you
• 12:16
  daily. Hey, I love you guys.
• 12:18
  Catch you next time. If you.
• 12:20
  Prefer. To go down.
• 12:21
  With the ship.