Latest / Simply Bitcoin / Will Bitcoin CRASH to $55K After the Super Bowl?! | Bitcoin Simply
Transcript
- 0:00What's up y'all, this is Dante cook with Bitcoin simply coming
- 0:02at y'all with a special Super Bowl edition.
- 0:04You're probably with family and friends.
- 0:06So many of you are going to be getting trolled because bitcoins
- 0:08AT701K. We will definitely see a Dos
- 0:10Eckes Bitcoin commercial. I don't always buy the Bitcoin
- 0:13dip, but when I do it dips even more.
- 0:16Not sure why I had a Spanish accent there, probably because
- 0:19I'm thinking about having to translate into Spanish with the
- 0:22bad Bunny halftime show. I know if you're like me, this
- 0:24is probably the least interested you've ever been in a Super
- 0:27Bowl. Let's start off with the simple
- 0:29fact that the ocean for this Super Bowl has been absolutely
- 0:32trash. Who did the design for this
- 0:34Super Bowl? I'm an Eagles fan, obviously,
- 0:36and still salty. Seeing a Seahawk in the Super
- 0:39Bowl is like having your crackhead cousin or your drunk
- 0:42uncle come to your wedding. They made it, but you know that
- 0:45they shouldn't be there. Who picked this lineup?
- 0:47Ain't nobody trying to listen to Green Day for the opener and
- 0:50have Google Translate open to watch the halftime show.
- 0:53I was hating on the Seahawks earlier, but I used to love
- 0:55Russell Wilson. But the true national treasure
- 0:57of the Seahawks, who I think are going to win tonight, is
- 1:00Marshawn Lynch. And like Marshawn Lynch, Bitcoin
- 1:03is going to be the last thing standing at the end of the Fiat
- 1:05collapse. Proud.
- 1:06Silent now as opposed to when? The Saints have the ball.
- 1:10Oh, look at this run. What a run.
- 1:13Marshawn Lynch still has blockers.
- 1:18Now he's dancing his way for the touchdown.
- 1:25Now, honestly, there's people at your Super Bowl party that still
- 1:28believe that Bitcoin is still $69,000 too high, like Aunt
- 1:32Jemima Kelly who wrote this article for the Financial Time.
- 1:35She's like many misinformed people that the only way to make
- 1:38truly outsize gains in any market is to have some sort of
- 1:41arbitrage and informational arbitrage.
- 1:44What we are experiencing right now, Danny, is an as an
- 1:48information or a knowledge arbitrage.
- 1:51And so people just do not yet understand how Bitcoin is
- 1:54different and why it is the ultimate store value and the
- 1:59ultimate debasement asset. They just don't understand it
- 2:02yet. There's a lot of confusion
- 2:04there. You know, the, the, the
- 2:06mainstream media puts out confusing and, and hit pieces
- 2:09about it all the time. They commingle it with all the
- 2:12other cryptocurrencies and they just call them all the same
- 2:16thing. And so I have friends who say,
- 2:17Oh yeah, I own that. I own Bitcoin, I own the, the,
- 2:20the Solana one. And it's like they just don't
- 2:23get it. And it's OK.
- 2:24It's not their fault. They're, they're just not
- 2:27interested in doing the doing the research themselves.
- 2:30And they're listening to mainstream media and getting
- 2:32their, their news off of Facebook or their research off
- 2:35of Facebook. They're just not getting it.
- 2:37And so there is an information arbitrage that you and I are
- 2:40experiencing right now. It feels bad and it makes you
- 2:44feel like, am I an idiot? Am I just stupid that I'm, how
- 2:49early am I here? And the answer is you're still
- 2:52pretty early because I, I think that that Bitcoin is going to
- 2:55trade above $1,000,000 in early 20 thirties, 20322033.
- 3:00I would be very surprised if we're not touching $1,000,000
- 3:04Bitcoin. That's me.
- 3:06That's my thesis. That's why I believe this thing
- 3:08is going. The gap between reality and
- 3:12perception, between what you know and understand about the
- 3:14world and what other people believe.
- 3:17And that's exactly where we are in Bitcoin right now.
- 3:19If you believe there's no value, then Bitcoin should go to zero.
- 3:22There is no appropriate price. But the best Bitcoin analysts
- 3:25out there, and if you're like me and are a Bitcoiner, well, he
- 3:29says that we're near the end of this bear market.
- 3:31If you truly believe that Bitcoin is now dead and the path
- 3:34is towards 0, then this bear market has no flaw and therefore
- 3:38turn it all off, walk away, you know it's over.
- 3:41Who cares, None of this matters. If on the other hand, and I
- 3:44would wager the pretty much everyone listening to this
- 3:46except for you, Peter Schiff, everyone listening to this
- 3:48believes the other path, which is it's probably not dead, then
- 3:51you go, well, where are we in the bear?
- 3:54We're in the bottom 20% based on every mean reversion model you
- 3:58can possibly imagine. Technical, on chain, the whole
- 4:00thing. Are we at the bottom?
- 4:02Who knows? This is probably likely to
- 4:04inspire some capitulation based on the fear that we've got.
- 4:06So like we've got a lot of the recipes in there for and the
- 4:08ingredients for creating that capitulation.
- 4:11It'll take time. It'll probably go down more,
- 4:14it'll be choppy, it'll be painful.
- 4:15You get bear market rallies, you get the hope back in, you'll buy
- 4:18it at that rally, then it will sell back off again.
- 4:20It's going to be a process, but unless your decision trees of
- 4:23Bitcoin is dead, this bear market has an end.
- 4:28And we've done a lot of the work in my view, we've done a lot of
- 4:31the work. I used it in my my piece
- 4:33recently. I used 2 analogies 1.
- 4:35I like the idea of like the the bison bison when the storm comes
- 4:39a snowstorm or a storm, they turn and face it and they
- 4:42basically go through it because it's the fastest way to get to
- 4:44the other side or everything else runs away from the storm
- 4:47and gets rinsed the whole way. And the other one is you've got
- 4:50your, you know, your mate on a desert island and he swims 80%
- 4:53of the way back to shore, gets tired, decides to turn back
- 4:56around. It's like go to the last 20%,
- 4:58push through. I'll give you 2 reasons why I
- 5:00believe that we're at the end of this Bitcoin bear market.
- 5:02People don't understand that we're at the end of a 70 year
- 5:05cycle after post World War 2 where the United States was able
- 5:08to dominate the global financial markets.
- 5:10And what they did to make the dollar supreme is that they
- 5:13outsource American manufacturing to other countries in order to
- 5:16prop up the dollar into the dollar debt.
- 5:18They then use their military to protect sovereign nations in
- 5:21countries and waterways to open up global trade.
- 5:24This decreased manufacturing from the United States and
- 5:27outsource it to other places in the world.
- 5:29This also decreased the United States share of global GDP as
- 5:32other nations have stolen IPS, stolen our information, stolen
- 5:35our jobs, and gotten wealthy in the process.
- 5:37Now, I'm not saying that in a negative way or facetious way.
- 5:40I'm just looking at the number in the data and I'm speaking
- 5:43from an American perspective. And so heavy is the head of the
- 5:46king that wears the crown. The dollar has gotten so big
- 5:49that it's now collapsing on itself.
- 5:50And so now Trump is implementing policies in order to earn back
- 5:53revenue from partners via tariffs.
- 5:55This is step one of his plan. Step 2, to increase the value of
- 5:58the dollar in global markets, they're going to start to
- 6:00decrease the value of the dollar so that the value of other
- 6:03people's currencies goes up. And they don't want that.
- 6:05That makes their debt more expensive and their markets less
- 6:07attractive. So what they're going to do in
- 6:09order to regain balance is they're going to have to buy
- 6:11more long dated United States Treasury debt.
- 6:14Step #3 decrease the United States's need to have other
- 6:18countries own our own debt through United States Treasuries
- 6:21in a traditional form. And what they're going to do is
- 6:23they're going to create a new market entirely through stable
- 6:27coin in digital assets. A good compromise as everyone
- 6:30leaves a little bit unhappy, right?
- 6:32But I, I think what's going to happen is that after market
- 6:34structure passes, the banks are going to get fully into the
- 6:37crypto industry. So we're not going to have a
- 6:38separate banking industry and crypto industry.
- 6:41It's going to be 1 digital assets industry.
- 6:43And I think their opinions are going to evolve over time.
- 6:46And I bet you over time, the banks like the idea of paying
- 6:49yield because they're going to be in the stable coin.
- 6:51Business, but will they also be regulated the same way?
- 6:53And I guess that's a big, I mean, the banks will say, hey,
- 6:56if they get to do all the same things we do, how come and they
- 6:58don't get regulated the same way?
- 6:59Well, I guess because they're offering slightly different
- 7:01products, right. So, but I mean everyone offering
- 7:03the same products should be up, should be regulated in the same
- 7:05way and we want to get to that harmonization.
- 7:08In the big gap that's happening between that and where we are
- 7:12now is the Clarity Act. And when that happens, there's
- 7:15not going to be a banking industry in a crypto, in digital
- 7:17assets industry. There's going to be just the
- 7:20digital assets industry, the big gatekeeper for bitcoins price
- 7:23going to the moon. Well, it's going to be big
- 7:25institutions getting into Bitcoin, and they're not not
- 7:27going to do that without clarity.
- 7:29That's why next week, this meeting on the Digital Clarity
- 7:31Act and all of the open discussions between senators
- 7:33like Senator Lummus and even the conversation she had with Scott
- 7:36Besson are really telling that we are near the finish line of
- 7:40getting this Clarity Act across the line.
- 7:42It's important for the United States to rebuild the economic
- 7:45system upon which they want to build their sovereignty in the
- 7:48global sphere. The gatekeeper from trillions of
- 7:50dollars flowing into the industry through big
- 7:52institutions and banks is the Clarity Act.
- 7:54One of the real gatekeepers here is it's the Clarity Act.
- 7:58I think there's a lot of fence sitters, institutions,
- 8:02commercial banks and otherwise that are really not going to
- 8:05move on Bitcoin until they get clarity from the US government.
- 8:08And so I think it's a coin toss now whether or not that gets
- 8:13approved. Some of the Democratic senators
- 8:15I've spoken to say that it will, but I think that's one of the
- 8:18big gating factors here and and this is typical volatility for
- 8:21Bitcoin. There are trillions of dollars
- 8:24waiting on the sideline, and if you had to dream up a perfect
- 8:26scenario if you're a bitcoiner for mass adoption moving
- 8:29forward, whether you believe that the bank should be involved
- 8:31or not, it's a pro Bitcoin regulatory framework and it's a
- 8:35pro digital asset industry with United States banking systems on
- 8:39our side. Listen to what Michael Saylor
- 8:40had to say about the next two big catalysts.
- 8:43The second topic is, is really one of the catalyst for for
- 8:47Bitcoin price to improve like I, I think the the fundamental
- 8:52catalysts are regulatory support.
- 8:56We have a very, we have the most constructive, constructive set
- 9:03of financial regulators in the history of the industry right
- 9:06now. The head of the Fed, the head of
- 9:07the Treasury, the head of the CFTC, the head of the SEC and
- 9:12the White House has a digital assets czar, right?
- 9:16Those five things are massive gold flags.
- 9:20They're all very positive and and generally you would expect
- 9:26that something goodwill come probably out of the CFTC or the
- 9:30SEC as they are constructive about facilitating financial
- 9:34companies to innovate in the digital asset space, right.
- 9:38I, I would been skeptical about that two years ago, but I think
- 9:43I think for you to be skeptical about their support for digital
- 9:47innovation today would be, would be ignoring all the words from
- 9:52everybody in those positions. And I think that the second, the
- 9:56second catalyst will be banking adoption, the formation of the
- 10:00banking credit networks as, as the large banks and as companies
- 10:06like Schwab, they start to allow you to trade Bitcoin, custody
- 10:11crypt Bitcoin, borrow against Bitcoin.
- 10:16They're going to legitimize the asset and, and they're going to
- 10:20decrease the volatility of the asset.
- 10:22They're going to improve the usefulness of the asset.
- 10:27You know, you're, you're aware of the announcement of the Black
- 10:31Rock Bitcoin volatility income fund that came like about a week
- 10:35ago where they said they were going to sell volatility or
- 10:37generate income. And a lot of people that
- 10:40speculate that will decrease the volatility of Bitcoin and and
- 10:43put more a more stable floor into the asset.
- 10:48So I think the actions by big finance, the actions by the big
- 10:53banks and the actions by the financial regulators are the
- 10:57fundamentals. I mean, those are the
- 10:59fundamental things. And if you were to light a
- 11:01candle and pray, you know, to the gods of the crypto sphere,
- 11:06you know, you would say, I want pro digital assets regulators, I
- 11:11want pro digital assets banks, and I want pro digital assets
- 11:15financial innovations like Blackrock's bringing in the
- 11:19market like we're bringing to the market, right?
- 11:21You know, like STRC. But fundamentally, the
- 11:26industry's going to move forward because of enlightened
- 11:29regulation, engage thoughtful banking and then innovative
- 11:35finance. And that's what we're doing and
- 11:38that's what we see right now. Great.
- 11:43Thank you, Michael. Before we go any further on what
- 11:45the best analyst says is the bottom floor, which bitcoins
- 11:48price is going to go, let's thank our sponsors.
- 11:50If you don't want to sell your Bitcoin and you want to get Fiat
- 11:54because you want to live your life and we still live in a Fiat
- 11:55world, well, you can borrow against your Bitcoin stack
- 11:58responsibly through letting the leader in Bitcoin back loan
- 12:01Since 2018, they never lost a single centre set of customer
- 12:04money allow you to borrow up to 50% loan to value to your
- 12:07Bitcoin that you put onto their platform.
- 12:09If you put a $2000 Bitcoin deposit on their platform where
- 12:12you're allowed to borrow up to $1000 in Fiat loan started just
- 12:1512.4%. There's no credit checks, the
- 12:17application takes just two minutes and there's Fiat in your
- 12:19account in less than six hours. You should use leverage at any
- 12:22point responsibly. You shouldn't just borrow
- 12:24against your Bitcoin stack unless you're comfortable with
- 12:27your ability to lose it during a downturn.
- 12:29And that's why only a portion of your Bitcoin stack should be put
- 12:32into products like these. Invest responsibly, get started
- 12:35and get .25% off of your first let in loan by going to learn
- 12:38dot let in dot AO slash. Simply one of the ways you can
- 12:40prepare yourself for a future as to when banks do get into
- 12:43Bitcoin and they might try to pull a 1934 gold act, which is
- 12:47we're going to seize your Bitcoin assets.
- 12:49Well, not yours because you're going to schedule a free 30
- 12:51minute consultation with the team at the Bitcoin Way and
- 12:54they'll show you exactly what to do in a scenario like this.
- 12:56You're going to run your own node, you're going to run it
- 12:58privately and you're going to be sovereign over your own Bitcoin
- 13:00keys. Schedule a free 30 minute
- 13:02consultation with our team at the bitcoinway.com slash simply
- 13:05Bitcoin. Well, where does Bitcoin go from
- 13:07here? I'm not a genie, but I do
- 13:09believe that it can go lower from here.
- 13:10One thing I know about real estate or other assets is people
- 13:13don't tend to sell their assets at a loss one everybody hates
- 13:17taxes and that's why you're putting it off right now when
- 13:19you should be doing them, but the other reason is it's largely
- 13:22psychological. We don't like to take else and
- 13:24that's why the best analysts in Bitcoin says that the realized
- 13:27cap in Bitcoin is 55 K and he doesn't believe that we're
- 13:30meaningfully going to fall below those levels.
- 13:32Listen to what he has to say about this, the real.
- 13:34Realized cap is actually, in my opinion, the most important
- 13:36metric in Bitcoin because it is a measure of how much people
- 13:40have saved. Actually dollar value saved in
- 13:43Bitcoin. The coins you bought back in
- 13:452019 at 8K, they're saved at 8K, they're saved at the price when
- 13:49they were last moved on chain. Not a perfect measure, but even
- 13:53if you run the most magical entity adjustments and all that
- 13:57kind of stuff, the realized cap never deviates to more than 5%.
- 14:00It's one of those things where like at an individual level,
- 14:02there's error bars around it, but in aggregate, doesn't matter
- 14:05if finance is a consolidating staff, doesn't matter if you're
- 14:07moving from a cold card to a Ledger or back.
- 14:10The overall aggregate doesn't move by more than 5% over all
- 14:14its history. So that number, the amount of
- 14:17capital the Bitcoiners have saved in Bitcoin measurably is
- 14:21$1.1 trillion. That is about a 52.
- 14:25Oh no, sorry, be 5555 K. So if we go down to 55 K, you've
- 14:30got the 200 week moving average of like 57.
- 14:32That's like every bear market Wicks on that level.
- 14:34And by the way, there's no reason that every bear market of
- 14:36the past is indicative of the future.
- 14:39There are those classic things in markets.
- 14:41But if you just think about this from a core fundamental
- 14:43standpoint, it's kind of nice, the 200 week moving average.
- 14:47So all the technical boffins out there are going to look at that
- 14:49and say that's where it's going to bottom.
- 14:50The realized price of 55. That is where everyone has
- 14:54invested their capital. Let's think about this from a
- 14:56value investor perspective. You know a company like
- 15:00ExxonMobil is trading at an M NAV, right?
- 15:03An equivalent book value of 0.9. They've spent all this money
- 15:07building all of the infrastructure to pump oil.
- 15:11They've got all the smarts, all the people, all the the
- 15:13hardware, all the drilling rigs, all the pumps, everything.
- 15:17And you're going to sell that to me for less than what people
- 15:19paid for it. That's where Bitcoin is at 55 K.
- 15:23We as Bitcoiners have invested $1.1 trillion into this thing.
- 15:27AT55K you are buying Bitcoin at its all time book value, the
- 15:32actual book value for people who are real, like not Satoshi who
- 15:36doesn't transact and move and lost minor coins and all that
- 15:39stuff. That's the true market mean
- 15:40AT80K. So we're already below the
- 15:43average cost basis for normal people who are actually alive in
- 15:46the cycle and active. So we're in that I would say, I
- 15:50mean, in my opinion, personally, I think we're in the deep value
- 15:54zone below 70 I deemed to be deep value because we're in that
- 15:57bottom 20% of all price history across all models.
- 16:02Once you get down to the low fifties, you're now the
- 16:05territory where it's like, please make me a case that isn't
- 16:09a bottom. You are.
- 16:10You have to actually really go down the first path and say no,
- 16:13Bitcoin is dead. Once you get down to those low
- 16:1650s, you're now saying something is wrong with Bitcoin and we are
- 16:20truly going to 0. So that's kind of that's the
- 16:23framework here. Now if we go below 50, imagine
- 16:26the capitulation week, but you're still going to ask
- 16:28yourself that question, am I buying an asset that's truly
- 16:31going to 0 or are people just kind of overselling this thing
- 16:36and it comes back? Didn't stay humble.
- 16:38At this point, what am I doing? My closing remarks, the United
- 16:42States are sort of like the Patriots.
- 16:43You can go on winning for years and have a dynasty, but
- 16:46eventually that crown gets too heavy.
- 16:48You have big salary caps. You have big stars to get old.
- 16:51You have old systems that used to work that need to change.
- 16:54And that's what happened with the Patriots.
- 16:55They became the greatest. Tom Brady and Gronk left and
- 16:58they went to Tampa Bay and won some more.
- 17:00However, the Patriots were left in shambles.
- 17:03They went through several different quarterbacks, bad
- 17:05defenses, no stars on offense until they drafted Drake May out
- 17:08of North Carolina two years ago. And just like that, they had to
- 17:12collapse the system that worked for the past to create the
- 17:15system for the future. And that's what's going on.
- 17:18There's new blood, there's new leadership, there's a new change
- 17:20of direction in Mike Vrabel. And that's what's happening with
- 17:22the Patriots and that's what's happening in the US economic
- 17:25financial system. United States has dominated the
- 17:27global markets for 70 years under a certain regime.
- 17:30We're going to export jobs, we're going to export energy,
- 17:32we're going to protect everybody else without taking in any
- 17:35payment. And now we're reversing that
- 17:37with security payments, with tariffs, with onshoring
- 17:40manufacturing, with bringing down the price of oil, with
- 17:43having other currencies be valued higher against the
- 17:45dollar. And so what's that going to do?
- 17:47That's going to set up an opportunity to rebuild, rebuild
- 17:50under a new economic financial system.
- 17:52This is going to kick off around midterm elections in June of
- 17:55this year. So right now, I do believe
- 17:57Bitcoin is in deep value. This is the time to buy.
- 17:59When you buy low on the Patriots, when they have the
- 18:01number one or #2 overall pick. They're a great franchise.
- 18:04They're a great organization. Their system clearly works.
- 18:07Even though they do cheat, they did cheat in the past.
- 18:09They knew a lot of plays. I'm still a little bit salty
- 18:11about my guy Russ not winning his second Super Bowl in a row,
- 18:13which probably would have put him in the Hall of Fame versus a
- 18:15journeyman with the Giants where he is now.
- 18:17It's kind of weird if they didn't cheat and know the play
- 18:19that was going to happen at the 1 yard line.
- 18:20They didn't cheat, they just made a great play.
- 18:22Malcolm Butler, shout out and Congrats.
- 18:24That's a little football one-on-one for you here.
- 18:26This is a Super Bowl edition and I'm giving you the reasons why
- 18:29Bitcoin is in deep value right now and there are catos on the
- 18:32future that are going to propel Bitcoin even higher.
- 18:35Understand the big game. Understand that we are in an
- 18:37informational arbitrage between and what people believe.
- 18:41Some people believe that Bitcoin should go to zero.
- 18:42And if you do short it, well, the rest of us, we think it's
- 18:45going to $1,000,000 a coin. And one of the ways you can
- 18:47participate in that after Bitcoin has had one of its
- 18:50largest crashes in the history of Bitcoin over the past several
- 18:54days. Well, when that typically
- 18:55happens, miners capitulate. That's why the Bitcoin
- 18:59difficulty adjustment or how much Bitcoin you can get per
- 19:02mining hash that you put out there has gone down by 11%.
- 19:05That's the 10th largest in history.
- 19:06And that means that miners are going offline.
- 19:08And So what that means for people like you and me is that
- 19:10we can earn more Bitcoin sats if we were to get into Bitcoin
- 19:13mining. But how do you do that?
- 19:15Well, you don't set up a miner in your basement.
- 19:16You work with a company like SAS Mining who's able to help you
- 19:20mine Bitcoin with state-of-the-art mining machines
- 19:22and rigs. They look at them, they keep
- 19:23your uptime up above 99% and they just send you sats to your
- 19:26wallet. You get potential capital gains
- 19:28benefits like capital depreciation of those assets and
- 19:32you get sats flowing directly to your wallet, DCA ING every
- 19:35single month. Use the QR code on the screen to
- 19:37get started. This is down to cook with
- 19:39Bitcoin, Simply happy stacking and happy Super Bowl Go Eagles.