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Middle East Nations Buying BILLIONS in Bitcoin | Bitcoin Simply · Simply Bitcoin

• 0:00
  Coinbase's chief investment Officer just announced that
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  several Middle Eastern countries are going to be disclosing large
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  Bitcoin treasury purchases. Is this going to break Bitcoin
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  out of its sleepy sideways price action?
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  Gold already broke out, breaking out over $3500 an ounce and
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  hitting all time highs. Gold is by far and away the best
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  performing asset in the world this year, even beating Bitcoin
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  and Silver just broke out for the first time over $40.00 an
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  ounce since 2011, producing an average return of 2% per year
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  for the past decade. Boomers have been waiting their
• 0:29
  whole lives to to do the silver, Jake.
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  Meanwhile, the dollar's strength as a global reserve asset is
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  dwindling. Are we crossing back into the
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  sound money era? Has the US government lost all
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  of its goodwill around the globe?
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  What does this rally in gold mean for Bitcoin?
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  Let's find out. This is Dante Coco Bitcoin.
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  Simply, let's go. You got these large pools of
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  capital that look around and say, well, God, I am I really
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  going to buy, you know, Bitcoin at at 100,000 or 110 or 115 or
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  120. And even if it goes back to 80
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  fives like they can't, they just can't, they're, they haven't
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  been able to do it, but they can go out and buy a stock.
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  They, you know, and, and, and so that's the type of thing that I
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  think you're seeing. They've put money into VCs, but
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  they haven't really come in. So I think that they, you know
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  that they will. But this, this to me, this is
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  exciting. It's like this is you want a
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  market where you're where you can look out a couple years and
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  say, yeah, I, I know who's going to be buying this stuff from me.
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  And, you know, in, in a few years time at what I think will
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  be substantially higher prices. You want to know who that is?
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  If the answer is you don't really know, you should probably
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  be thinking about selling right now, You know, but there are
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  plenty of people who who I think will will be buying at at higher
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  prices, but they'll first make bigger and bigger investments in
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  infrastructure. And maybe in the end, maybe they
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  won't hold huge amounts of these tokens.
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  I think that they they at least some of them will.
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  And it's it is possible that crypto to degree becomes part of
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  some new monetary standard. Not that Bitcoin takes over the
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  dollar, but that I get it's it's possible.
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  You know, you see the US talking about a strategic digital asset
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  or Bitcoin reserve. And there certainly are are
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  countries around the world in the Middle East who've made
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  large investments that are probably bigger than the ones
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  that they've disclosed. And so it's possible that
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  they're even do become some monetary standards that are at
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  least in part backed by by crypto, just like they might be
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  backed by gold or other commodities.
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  And so there could be narratives out there.
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  I think there probably will be narratives that will ultimately
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  suck some of these big players in at higher prices.
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  Did you hear that? This is massive news.
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  Financial markets as we know them or as we've known them
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  since 1971 are experiencing disruption.
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  Foreign countries no longer trust the full faith and credit
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  of the United States and the United States government.
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  And they're making moves in their assets, their long term
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  strategic assets and buying assets like Bitcoin, which have
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  rules without rulers to back their sovereign treasury
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  reserves. But let's face it, more than
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  Bitcoin, they're buying gold, which has been the OG on the
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  block for the past 5000 years, and they're gobbling that up to.
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  Preeminent reserve asset from call it 1973 to 2018 was long
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  term Treasury bonds and that was the reserve asset that gold
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  competed with. And so if gold goes up against
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  long term Treasury bonds, gold is winning.
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  And if gold goes down against long term Treasury bonds, gold's
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  losing. Gold is won by knockout.
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  It's over. It's over.
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  Like like it is like throw in the towel, you know he's going
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  to kill him. It's over.
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  So gold has already defeated long term Treasury bonds as the
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  primary global reserve asset over the last 10-11 years.
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  Again, central banks have not bought a Treasury on net in 11
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  years and they bought a trillion dollars worth of gold and they
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  continue to buy gold and they continue to not buy Treasuries.
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  So you know, I think that is, you know, that is they're
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  telling us which way the system is going, which is multi
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  currency energy pricing, right? So the Chinese can buy the
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  marginal ton of oil in yuan and then they can settle any
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  offshore balances in yuan in Chinese goods and anything
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  leftover gets settled into gold. And they have quietly but very
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  efficiently set up a a system where the Chinese capital
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  account is open on a very limited basis through gold.
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  And you know, if you have oil being priced in multiple
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  currencies and one of them is net settling in gold, then gold
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  becomes the de facto oil currency.
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  Gold has been the best performing asset in the world
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  this year and it's been up 83% since 2020 and up over 70% since
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  the beginning of 2024. Sometimes the old man got to
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  roll up on the young boys and show him he's still got it.
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  All right, back to the signal. Gold is signaling something very
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  important to us, and we need to pay attention.
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  If you were watching the past show, we showed you this chart
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  where gold actually passed U.S. Treasuries as a percentage of
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  foreign reserves for the first time in 30 years.
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  And the dollar continues to lose its status in global
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  international reserves in long rates or long term borrowing.
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  Percentages continue to rise as the dollar weakens.
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  And because this show is Bitcoin simply, I want to explain this
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  simply. People are requiring that they
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  get paid more money because U.S. debt is more risky for the
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  longer that they hold these notes, and the dollar is getting
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  weaker relative to other currencies.
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  This is a basket of calamity for people like Scott Besson in the
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  United States government. But gold is having its time in
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  the sun, and people like Peter Schiff will continually,
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  selectively select times where it's advantageous to post how
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  gold is outperforming Bitcoin, saying that Bitcoin is poised to
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  go much lower from 1:08. It's already back at 109.
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  Bitcoin is up 977 percent since 2020 versus 83% for gold.
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  And gold even being on this historic run, is only up half of
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  the return that Bitcoin is produced in the last 12 months.
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  But nonetheless, gold does sniff uncertainty, and the correlation
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  between gold and Bitcoin is nothing new.
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  When Bitcoin runs, it typically runs 60 to 90 days after gold.
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  The smart money told us about this trade last October.
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  Listen to this clip from Paul Tudor Jones on Squawk Box where
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  he says all roads lead to inflation.
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  Given all of the things you're saying, I think all I think.
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  All roads lead to inflation. We're going to end up if you so.
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  But does all roads lead to inflation?
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  Therefore, gold is a good investment.
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  Is Bitcoin a good investment to you I.
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  I I'm long gold, I'm long Bitcoin.
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  I think commodities are so ridiculously under owned.
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  So I'm long commodities. I think most young people find
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  their inflation hedges via the NASDAQ.
• 7:00
  That's also been great. It's probably some combination.
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  I probably have some basket of gold, Bitcoin, commodities and
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  NASDAQ, something like that. And on A0 fixed income, if I had
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  my cash, it'd be very short term.
• 7:14
  The playbook to get out of this, you see it in Japan right now,
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  they have 2% inflation, 30%, thirty basis points overnight.
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  They don't want to raise rates. The playbook to get out of this
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  is that you inflate your way out.
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  In a world where there is inflation and there's money
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  printing in order to try to correct the mistakes of the
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  past, the best thing to own is this scarcest asset.
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  And the last time that I checked, Bitcoin is still the
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  scarcest asset in the world. And that's why smart money,
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  money like Eric Simler, people from similar scientific are
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  stacking Bitcoin because they believe it's undervalued
• 7:44
  relative to gold. We really buy into that.
• 7:46
  So we want to own a lot of digital real estate and we think
• 7:50
  it's really important to do that now because Bitcoin believe it's
• 7:54
  is incredibly undervalued relative to gold and and it's
• 7:58
  worth more than gold we believe. So we should be aggressively
• 8:02
  purchasing Bitcoin on that thesis.
• 8:04
  Are you buying digital real estate at 110th of gold's value?
• 8:07
  If you are, don't sell your real estate.
• 8:09
  Don't sell your digital real estate.
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  they allow you to just take a piece of your digital real
• 8:17
  estate and unlock liquidity in it like a home equity line of
• 8:20
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  thousands of customers all across the world.
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• 8:33
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• 8:52
  you to have even more sovereignty than gold because
• 8:54
  gold is something that you cannot take with you when you
• 8:57
  cross a border. Bitcoin allows you to be even
• 8:59
  more sovereign than people who own gold because try crossing
• 9:03
  the border with your gold bars and see if they aren't
• 9:05
  confiscated. Bitcoin allows you to have true
• 9:07
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• 9:21
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• 9:25
  Bitcoin In the AI driven future, jobs like healthcare
• 9:29
  administration, education administration, cashiers, data
• 9:32
  entry, translators all going to be wiped out by AI.
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  And this is the classic science of the 4th turning.
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  The disruption happens at the bottom and then it moves to the
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  middle and then the pitchfork comes for the people at the top.
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  And the government isn't going to just allow this to happen.
• 9:47
  They're going to continue to kick the can down the road.
• 9:49
  And when that happens, they're going to paper over their
• 9:52
  mistakes versus admitting their and moving to a sound money
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  system and the. Problem is, is that this gets
• 9:58
  back to the 4th turning of like elite over production.
• 10:02
  You went to college, you've got $100,000 in student loans,
• 10:05
  you're a healthcare administrator, you've got a
• 10:06
  mortgage, you've got kids in school, you've got 2 car loans,
• 10:09
  you got a credit card. And now AI just took your job
• 10:14
  and his job and her job and their job.
• 10:17
  What do you do? You stop paying on your
• 10:20
  mortgage, you have to. I saw this in the Rust Belt when
• 10:23
  we sent the jobs to China. It's no different than sending
• 10:25
  the jobs to China. Then what do you do?
• 10:28
  Well, they're gonna let the banks fail.
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  They're gonna let these consumer credit card companies fail
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  because they just have a sliver of equity.
• 10:38
  Well, guess what the banks hold as their equity to sell for loan
• 10:41
  losses? It's treasury banks.
• 10:44
  So now we're gonna have a recession where employment's
• 10:46
  going up and rates are going up. So the US government's receipts
• 10:50
  are going down and their interest are going up.
• 10:54
  So paradoxically to me, like to me, I don't know, on AI, to me,
• 10:59
  it's it's two things are very obvious in my opinion, at the
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  low end and into the medium end of white collar, it's going to
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  be extremely disruptive and deflationary to wages.
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  And we're in a highly leveraged system where everybody's got a
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  loan on something and they will not be able to pay it.
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  And so when that happens, the authorities are going to be
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  right back to O8, print the money or let the system fail.
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  And for my gold holdings, my Bitcoin holdings, I don't care
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  either way. I win either way.
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  And that's why I sort of, you know, I've really been harping
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  around AI, like I'm not smart enough to know the technological
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  stuff about what it will do, but I can see what it's doing.
• 11:45
  And I have this unique ability for whatever reason, I see the
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  exponential function happen better than most humans.
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  I don't know why, and I can't tell you exactly where it is,
• 11:56
  but I can just see what's happening.
• 11:57
  Say, Oh my God, that's a huge problem because there's going to
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  be 2nd and 3rd and 4th derivative Daisy chain events.
• 12:03
  And in this world, in this reality, both gold and Bitcoin
• 12:06
  win. Gold is going to win moving
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  forward. Bitcoin is going to win moving
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  forward. Commodities are going to win
• 12:12
  moving forward. Energy and scarce energy assets,
• 12:15
  I believe, will continue to win moving forward.
• 12:18
  And that's because you can't print more of them as they print
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  into hard and scarce assets. Well, the world is going to
• 12:24
  continue to need them, so you should own them before everyone
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  else comes to gobble them up first.
• 12:28
  And it's too expensive. It's a pretty simple, simple
• 12:30
  trade. Don't over complicate the trade.
• 12:32
  This is Dante Cook with Bitcoin simply Oh, and before you go,
• 12:35
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• 12:50
  today. Happy stacking.