Latest / Simply Bitcoin / The Race for the last 2.1M Bitcoin is accelerating | Bitcoin Simply

Transcript

The Race for the last 2.1M Bitcoin is accelerating | Bitcoin Simply · Simply Bitcoin

• 0:00
  Billionaires, bankers and now hundreds of Bitcoin treasury
• 0:03
  companies are buying hundreds of thousands of Bitcoin each month
• 0:07
  because they're all coming to the same conclusion.
• 0:09
  Listen, this, this Fiat thing which is a direct consequence of
• 0:15
  Canadian economics, has to be put to death.
• 0:18
  You know, like a spike of the vampire in with a silver bullet
• 0:23
  through the heart. We really need to get rid of
• 0:26
  Fiat. The game can only go on for so
• 0:28
  long. This train never stops, and the
• 0:30
  beautiful bill will not get us out of this.
• 0:32
  And Elon is not the only person who recognizes the truth.
• 0:35
  Fiat is hopeless. The avalanche of capital flowing
• 0:38
  into Bitcoin isn't stopping. We're on the brink of a
• 0:40
  breakout, and I'm going to show that to you today.
• 0:42
  This is Dante Coke of Bitcoin. Simply, let's go.
• 0:49
  The hits keep coming and global capital continues to flow into
• 0:53
  Bitcoin. Bitcoin is at some of the least
• 0:55
  volatile levels we've ever seen. In fact, Bitcoin just made its
• 0:58
  highest weekly close ever at just over 109 K.
• 1:01
  And that's because there's a constant flow of capital coming
• 1:04
  into Bitcoin on the backs of recommendations like these from
• 1:07
  Calamos, a $40 billion hedge fund who says that you should
• 1:11
  allocate 10% of your portfolio to Bitcoin, which is going to
• 1:14
  overtake equities and gold in the future.
• 1:16
  The capital is coming from companies like MicroStrategy,
• 1:19
  who continues to find more creative ways to stack more
• 1:22
  corn, like with Stride and at the money offering, where
• 1:25
  they're going to raise $4.2 billion more to buy Bitcoin Or
• 1:29
  Bitcoin Venture capital firm Ego Death Capital, which just raised
• 1:32
  $100 million to plot more money into Bitcoin.
• 1:35
  Startups, which are transforming Fiat currencies that are
• 1:38
  becoming worth less into an appreciating fixed hard asset
• 1:42
  like Bitcoin, which is becoming worth more.
• 1:45
  And that's because, honestly, there's nowhere else to invest
• 1:47
  right now. Japan was the Earth's bond yield
• 1:50
  anchor for decades. Central bankers didn't distort
• 1:52
  the cost of capital as frequently as they do now.
• 1:55
  As you can see, around 2020, things changed and changed for
• 1:58
  the worse. Like, who's buying this crap?
• 2:01
  Well, it's the government. The Bank of Japan is the only
• 2:04
  person buying that crap. Let's go to the US.
• 2:06
  Let's take a look at Apple 2060 bonds, which are yielding 2.55%,
• 2:11
  which are trading at $0.50 on the dollar.
• 2:14
  And the story is becoming no different in the United States.
• 2:17
  The only person in buying this crap is the United States
• 2:20
  government. Just look at the Fed's balance
• 2:22
  sheet. We get high on our own supply,
• 2:24
  and that only means one thing. Money as it's measured in assets
• 2:28
  like gold and Bitcoin. Well, it's going up and to the
• 2:31
  right. And This is why Bill Miller
• 2:32
  believes that Bitcoin will be the global source of liquidity
• 2:35
  moving forward. I think Bitcoin is going to be
• 2:37
  ultimately be one of the major, I mean the, the premier source
• 2:42
  of collateral globally replacing the dollar, replacing every
• 2:47
  other reserve situation. If you think about the what
• 2:50
  money's meant to do, it serves those, those roles so much
• 2:53
  better. What you'll see over time, I
• 2:55
  think you're going to see the volatility come down over time
• 2:57
  as adoption grows and it's just going to become a much more
• 3:01
  widely used and considered asset.
• 3:04
  Warren Buffett saw the writing on the wall at the Berkshire
• 3:06
  meeting in 2025. He dropped one of the most fire
• 3:09
  gems that we all know to be true.
• 3:11
  Fiat currency becomes worth less overtime, and governments do
• 3:14
  what governments do. And obviously, we wouldn't want
• 3:17
  to be owning anything that we thought was in a currency that
• 3:22
  was really going to hell. And that's the big thing we
• 3:26
  worry about with the United States currency.
• 3:28
  I mean, it's the the tendency of a government to want to debase
• 3:38
  its currency over time is there's no system that beats
• 3:42
  that, you know, pick dictators, you can pick representatives,
• 3:45
  you can do anything. But but the people there, there
• 3:51
  will be a a push toward weaker currencies.
• 3:56
  And of course that is, I mentioned very briefly in the
• 3:59
  annual report that the, the fiscal policy is what scares me
• 4:03
  in the United States because it's, it's made the way it is
• 4:09
  and, and all the motivations are doing a lot of things that will
• 4:17
  cause can cause trouble with with money.
• 4:22
  But that's not limited to the United States.
• 4:25
  It's all over the world and some places it gets out of control
• 4:30
  regularly as I know, they know, they know, know they, they
• 4:37
  devalue at rates that are breathtaking.
• 4:40
  And that's, that's continued. I mean, people can study
• 4:44
  economics and you can have all kinds of arrangements, but in
• 4:48
  the end, if you've got people that control the currency, you
• 4:53
  can you can issue pay for money and you will, or you can engage
• 5:02
  in clipping currencies like they used to do centuries ago or.
• 5:07
  So if we know that this is the inevitable future, then why are
• 5:10
  so many people having a hard time understanding that Bitcoin
• 5:13
  treasury companies aren't running a risky strategy?
• 5:16
  They're trading worthless Fiat currency for a valuable hard
• 5:19
  currency. Why is it crazy that someone
• 5:21
  sees the writing on the wall and wants to create their own
• 5:23
  political party? OK, it might be crazy that it's
• 5:26
  the richest person in the world. Elon wants to create the new to
• 5:28
  American party because he says when it comes to bankrupting our
• 5:32
  country with waste and grift, we live in a one party system
• 5:35
  that's not a democracy. Elon knows the game.
• 5:38
  After buying Twitter in 2022, this is what he had to say about
• 5:41
  $44 billion. This is a gift.
• 5:44
  It's a, it's an IOU. Worth $44 billion.
• 5:48
  So well, you know. Pretty soon 44.
• 5:52
  Billion won't be worth that much anyway.
• 5:53
  That's a good point. So the whole Fiat game was a
• 5:56
  scam and more and more people are waking up to this reality.
• 6:00
  Listen, this, this Fiat thing which is a direct consequence of
• 6:05
  Canadian economics has to be put to death.
• 6:09
  You know, like the spike the vampire in with a silver bullet
• 6:13
  through the heart. We really need to get rid of
• 6:16
  Fiat. So the only way is to have a
• 6:21
  better option. And in that respect, that's why
• 6:24
  I'm I'm so optimistic about Bitcoin because more and more
• 6:27
  people will come to realize that the way to get insulated from
• 6:34
  inflation is through Bitcoin. Now there's another thing, you
• 6:38
  know, the government's, they're so tricky because they're the
• 6:47
  ones who measure inflation. Yeah.
• 6:49
  Of. Course.
• 6:50
  The CPI. Oh, yes, the CPI says 2.1.
• 6:55
  All precisely. Not 2.22 point 1, not 2.02.1.
• 7:01
  What the hell is this? And, and how'd they come up with
• 7:04
  that number? Who feels 2.1?
• 7:06
  No, no. But then you turn around and and
• 7:10
  you see that the car is $100,000.
• 7:12
  You know, it used to be 20. Yeah, it's such a scam and just
• 7:19
  don't believe. It's hard to to believe that
• 7:22
  that the more people don't realize it.
• 7:24
  It is actually believed that more people don't see it, but
• 7:27
  for the people that do, they've been working with companies like
• 7:29
  Letting to not actually sell the hard and valuable asset Bitcoin
• 7:33
  for Fiat currency. They unlock liquidity in their
• 7:36
  Bitcoin and not sell their Bitcoin by taking out a Bitcoin
• 7:40
  back loan from Letting. They've issued over $9 billion
• 7:43
  worth of loans to 10s of thousands of customers since
• 7:45
  2018 and have over 1 1005 star customer reviews to prove it.
• 7:49
  Loans get in your account in less than 24 hours and they
• 7:52
  started just 12.4% or .25% off of that.
• 7:56
  If you go to the link learn dot LED in dot AO slash simply Fiat
• 8:00
  currency is worthless. One of the people who've long
• 8:03
  believed that Fiat currency is worthless is the Bitcoin way.
• 8:06
  The leaders in helping you to protect and own Bitcoin the
• 8:09
  right way, which is in self custody, protected from third
• 8:12
  party exchanges and outside people who want to take your
• 8:15
  hard earned assets. Bitcoin Way will work with you
• 8:18
  to remove your Bitcoin from exchanges confidently, safely,
• 8:21
  securely and privately. Schedule a free 30 minute
• 8:24
  consultation with our coaches to protect your generational wealth
• 8:27
  the right way. Go to thebitcoinway.com/simply
• 8:30
  Bitcoin. Elon and the rest of us who
• 8:33
  actually have a brain and are paying attention saw right
• 8:35
  through the big beautiful bill. There's nothing that stops this
• 8:39
  train. Joe Consorti, A fellow Bitcoin
• 8:41
  analyst and commentarian, broke down this perfectly of what the
• 8:45
  big beautiful bill actually is and a big shining example that
• 8:48
  we cannot get rid of our debt, We have to expand our debt and
• 8:52
  try to grow our way out of it. So President Trump just told
• 8:55
  cost cutting Republicans to stand down on truth Social.
• 8:59
  He said remember you still have to get re elected.
• 9:02
  Don't go too crazy, we'll make it all up.
• 9:04
  Times 10 with growth more than ever before.
• 9:07
  The translation here is that the plan isn't to cut spending, it's
• 9:11
  to juice the economy with tax cuts, spend billions more and
• 9:14
  cover the gap by borrowing trillions because no one gets re
• 9:18
  elected by tightening belts. And that's exactly what the big
• 9:21
  beautiful bill is all about. Let's break it down.
• 9:23
  So the US Senate passed this sweeping tax and spending
• 9:26
  package in July 1st by the narrowest margin possible, 51 to
• 9:30
  50, with Vice President JD Vance breaking the tie.
• 9:33
  As of now, it's not yet law. The House still needs to approve
• 9:37
  it, but if passed, it would blow the doors off of federal
• 9:39
  finances. First, the debt ceiling.
• 9:42
  This bill raises the cap from $36.146 trillion to $46.146
• 9:47
  trillion, an increase of $5 trillion to avoid default and
• 9:51
  fund the next leg of the American debt binge.
• 9:53
  That alone tells you everything you need to know about how
• 9:55
  serious the government is about restraint.
• 9:58
  They're not. And 2nd is taxes.
• 10:00
  Rather than increasing revenue, the bill slashes it a net $3.8
• 10:03
  trillion in tax cuts over the next decade.
• 10:06
  This is phenomenal. The 2017 tax cuts are made
• 10:08
  permanent. Overtime and tips become untaxed
• 10:11
  and middle income Americans save a few 100 bucks.
• 10:14
  High earners save the most, so revenue down by trillions and
• 10:19
  the third being spending. It's going way up $350 billion
• 10:24
  for defense in the border wall and $25 billion for rural
• 10:26
  hospitals. Billions for NASA, new missile
• 10:29
  systems and a national garden of American heroes.
• 10:32
  But even after some program cuts like reductions to Medicaid,
• 10:35
  SNAP and green energy credits, the bill still adds an estimated
• 10:38
  $3.3 trillion to the national debt over 10 years.
• 10:42
  So what's the actual plan? Run it hot, stimulate demand,
• 10:47
  keep borrowing, and inflate the debt away.
• 10:50
  But here's what they won't say out loud.
• 10:52
  The deficit cannot be reduced. You can see right here, this is
• 10:57
  the federal deficit as a percentage of GDP.
• 10:59
  I'll explain this in a moment. But the deficit can't be
• 11:01
  reduced. Not politically, not
• 11:03
  mathematically, not structurally.
• 11:05
  Right now, the federal deficit is running at 6.6% of GDP.
• 11:09
  With the $28 trillion economy. That's a $1.85 trillion gap
• 11:13
  between what the government spends and what it takes in.
• 11:16
  So typically, during normal periods, the deficit can run
• 11:19
  anywhere from 2% to 4% of GDP. But during wartime it rises to
• 11:24
  6% or more. Currently it's 6.6%.
• 11:27
  But we're not at war and we're not in recession.
• 11:29
  This has just become standard practice.
• 11:32
  And if they did try to remove it, that would mean cutting
• 11:34
  spending or raising taxes, both of which pull money out of the
• 11:37
  economy. So government spending is a
• 11:39
  direct input into GDP, right? So cutting it would drag GDP
• 11:43
  down. Even small reductions in the
• 11:45
  deficit shrink output by more than the raw dollar amount
• 11:48
  because of the multiplier effect.
• 11:49
  So they won't reduce the deficit because they can't reduce the
• 11:53
  deficit. Because at the federal level,
• 11:55
  the Federal Reserve is incentivized to ensure that GDP
• 11:58
  does not go negative for two consecutive quarters, so they'll
• 12:02
  just keep borrowing to bridge it.
• 12:03
  Our incentives are completely misaligned in this country.
• 12:06
  Rather than focusing on individual prosperity, we're
• 12:09
  focusing on making GDP go up, even if it's at the expense of
• 12:12
  America's own citizens. Over a long enough time horizon.
• 12:15
  And Trump's telling you that plainly.
• 12:17
  We'll make it all up with growth, is what he said.
• 12:19
  But you can't grow out of a problem like this. the US debt
• 12:22
  to GDP ratio is already over 120%.
• 12:25
  Even if we average 3% GDP for a decade, which we won't, it won't
• 12:29
  outpace a debt load growing 8 to 10% annually.
• 12:32
  It's mathematically impossible. The only way out is devaluation,
• 12:35
  inflation, currency debasement, endless U.S.
• 12:38
  Treasury issuance that gets at some stage monetized by the Fed.
• 12:42
  The. Only way out is Bitcoin if
• 12:44
  you're in the current system. There is only one plan, tax
• 12:47
  bills and growth plans masquerading the debt problem,
• 12:50
  which is now at $37 trillion. That will not slow down.
• 12:53
  We're going to run a $2 trillion deficit every single year even
• 12:56
  with these cuts in this new growth, the coins can't be
• 12:59
  clipped, so the money must be printed.
• 13:01
  If you don't see it every time you buy coffee, every time you
• 13:04
  go on Zillow and look at home, every time you buy something out
• 13:07
  at the store that used to cost half of what it does now, well,
• 13:10
  I don't know what to tell you. But if you've been subscribed
• 13:12
  and watching this show for a while, you know what the game is
• 13:15
  and you're prepared. If you don't see Bitcoin as a
• 13:17
  solution to your problem, you're either naive or willfully
• 13:20
  ignorant. But you don't have to be.
• 13:22
  Make the hard choice. Start stacking today.
• 13:25
  One of the ways you can continue to stack is by stacking your
• 13:27
  education and your knowledge about Bitcoin.
• 13:29
  You can also stack by growing your relationships and your
• 13:32
  network. Come down to Dallas, TX from
• 13:34
  November 11th through November 13 to the largest Bitcoin mining
• 13:37
  Expo in the world, the Mining Disrupt Conference, where you
• 13:40
  can meet the makers, manufacturers, and machinists
• 13:43
  who are running the Bitcoin network behind the scenes.
• 13:46
  Get 20% off your ticket for the Mining Disrupt Conference by
• 13:49
  using the promo code Simply Bitcoin.
• 13:51
  Hopefully you're beginning to see what's actually going on out
• 13:54
  in the real world. Why everything's becoming more
• 13:56
  expensive, why most millennials in Gen.
• 13:58
  Z are becoming more and more hopeless.
• 14:00
  Why folks like Elon Musk are creating their own party.
• 14:03
  It's because when you manipulate the money, you manipulate state
• 14:06
  the world. When you fix the money, you fix
• 14:08
  the world. This is Dante Koch with Bitcoin.
• 14:10
  Simply Happy stacking.