Latest / Simply Bitcoin / The MSTR Short Squeeze EXPLOSIVE ENDGAME!? | Bitcoin Simply

Transcript

The MSTR Short Squeeze EXPLOSIVE ENDGAME!? | Bitcoin Simply · Simply Bitcoin

• 0:00
  Legendary short investor Jim Chanos is calling Michael Saylor
• 0:04
  a salesman and initiating a short trade against micro
• 0:07
  strategy. Michael Saylor.
• 0:08
  Is is a wonderful salesman, but that's.
• 0:10
  What he is, he's a. Salesman and what he's selling
• 0:13
  investors is the concept that you.
• 0:15
  Give me your money. And I'm just going to go.
• 0:17
  Buy Bitcoin and hopefully the value of my stock trades at a.
• 0:21
  Premium to the. Value of that.
• 0:22
  Bitcoin and so as long as I can keep.
• 0:25
  Doing that I generate value. Jim, here's my question, and
• 0:30
  this is true for any other major investor right now.
• 0:32
  Where else would you invest your money or other people's money
• 0:36
  right now? The dollar is on track for its
• 0:37
  worst performance in three decades. the United States
• 0:41
  public debt to GDP looks like a developing nation, and the stock
• 0:45
  market is at its highest valuation measured against GDP
• 0:48
  of all time. You remember that movie
• 0:50
  Everything Everywhere All at Once?
• 0:52
  Well, Everything, Everyone, Everywhere all at Once is
• 0:56
  beginning to converge onto Bitcoin.
• 0:58
  There are no value trades left out there.
• 1:01
  It's the universal value investment for corporations,
• 1:04
  billionaires and regular people like you and me.
• 1:07
  Oh, and even crypto Bros like Charles Hoskinson.
• 1:10
  There's some data showing that the dollar is collapsing.
• 1:13
  What do you want to own right now?
• 1:15
  This is Dante Cook with Bitcoin. Simply, let's go.
• 1:24
  I run into crypto people that have been the business for a
• 1:27
  decade and they have very complicated ideas that don't
• 1:30
  work. Yes.
• 1:32
  And and Ioffer them a simple idea.
• 1:35
  I'm like, here's an idea. You're a public company, sell
• 1:38
  your equity, buy the Bitcoin. They're like, no, that'll never
• 1:41
  work. OK, well, I guess it might work.
• 1:43
  Well, what if the Bitcoin goes down?
• 1:45
  Well, blah, blah, blah. OK, I guess it worked, you know,
• 1:48
  and you know what the latest pushback is, Jeff?
• 1:51
  The latest pushback is, well, it worked for you and it worked so
• 1:56
  well that you're the winner. And there's no room for another
• 1:59
  company to do it in the market. So we literally went from I
• 2:02
  don't think it'll work at all to it might to it did.
• 2:06
  Oh, it worked too well. That's my excuse for why I'm not
• 2:10
  going to do it. And people just come up with
• 2:13
  these giga brain excuses for why they won't.
• 2:16
  Don't want to do the simplest thing in the world?
• 2:18
  And one of the most shocking and insane pieces of news that I've
• 2:21
  seen. Crypto Bros have completely
• 2:23
  given up and have started waving the white flag of their
• 2:26
  worthless tokens and moving to Bitcoin.
• 2:28
  Charles Hoskinson, the founder of Cardano, says that he's going
• 2:31
  to sell some of his tokens in order to build a stable coin and
• 2:35
  Bitcoin treasury. I do believe that it will not
• 2:38
  materially impact Cardano by doing a conversion of five to
• 2:41
  10% of the treasury into stable assets and assets like Bitcoin.
• 2:45
  And in doing this, we can create a yield and that yield on an
• 2:49
  annual basis can be used to purchase ADA and overtime
• 2:52
  replenish the treasury. And if this program is
• 2:55
  successful, then we can actually continue that strategy on an
• 2:58
  annualized basis and over a period of five to 10 years
• 3:01
  potentially grow to a billion dollar plus stable coin treasury
• 3:05
  and Bitcoin treasury to augment and enhance the ADA value in the
• 3:08
  treasury that we have. This sets us up for great
• 3:12
  returns and for a pretty stable floor for the ecosystem as a
• 3:16
  whole, like you would want in any good sovereign wealth.
• 3:19
  Fund, the crypto founder, is realizing, like most crypto
• 3:21
  founders, that he is operating a zombie company, sort of like
• 3:24
  Michael Saylor in 2020. But if you saw that there was
• 3:27
  the best performing asset in the world 11 out of the last 14
• 3:30
  years that could also become the medium of exchange and that very
• 3:35
  few people own right now, wouldn't you want to buy it as
• 3:38
  well? This is what got Michael Saylor
• 3:40
  to flip from saying that Bitcoins days are numbered.
• 3:43
  It seems like just a matter of time before it suffers the same
• 3:45
  fate as online gambling. He said that back in 2013 and 12
• 3:50
  years later, he's replying to Adam Back, one of the people
• 3:53
  mentioned in the original Bitcoin white paper, saying that
• 3:55
  Bitcoin is the new hurdle rate. Saylor became so bullish and so
• 3:59
  outspoken that he was even getting calls from athletes like
• 4:02
  Say Kwan of My Eagles and on Brand.
• 4:05
  He told him not to just put his endorsement money, which he did,
• 4:08
  into Bitcoin in 2021. He told him to put all of his
• 4:11
  money into Bitcoin in 2021. For me, I felt like it was the
• 4:15
  right time to get involved, me and my, my manager cuz and
• 4:20
  having conversation with, you know, with Pomp and and Jack.
• 4:23
  I felt like that was a perfect time to do it.
• 4:25
  And I was able to get on a phone call with Michael Saylor.
• 4:29
  And, you know, back then he told me that I should take all my
• 4:33
  money and put it in. I think he's doing pretty well.
• 4:37
  I probably should listen to him. MicroStrategy has gone from a
• 4:39
  $500 million company to $105 billion company, yet people
• 4:44
  still think that Bitcoin is going to crash.
• 4:46
  People still think that it's a bad strategy.
• 4:48
  But Michael Saylor believes that it's just the opposite, that the
• 4:51
  bear markets are over and right now is the best risk adjusted
• 4:54
  time to buy Bitcoin that you possibly can.
• 4:57
  How do you expect the asset to continue a price increase at
• 5:02
  these levels that we've seen? I mean, can it keep that up over
• 5:06
  the next five years, over the next 10 years?
• 5:08
  And at what point do we see, you know, winter coming again,
• 5:12
  because that's been a a permanent fixture of of this
• 5:18
  asset class, right? It's gone from 0 or 1000 to 20
• 5:23
  and then back down to three or four and then up to 50 and then
• 5:27
  back down to 15 and now up to 110.
• 5:29
  Like when does it drop again? Winners not coming back, we're
• 5:35
  past that. We're past that phase.
• 5:37
  If bitcoins not going to 0, it's going to $1,000,000 and you have
• 5:41
  all the evidence you need to determine that, right?
• 5:44
  The president of the United States has determined he
• 5:46
  supports Bitcoin. The cabinet supports Bitcoin.
• 5:49
  Scott Pesson supports Bitcoin. Paul Atkins has shown himself to
• 5:54
  be an enthusiastic believer of Bitcoin and digital assets.
• 5:58
  Kentaaz at CFTC feels the same. Ray, the the banks are going to
• 6:03
  custody Bitcoin. Bitcoin is has gotten through
• 6:08
  its riskiest period. The accounting has been
• 6:11
  corrected. There's now only 450 Bitcoin a
• 6:14
  day available for Sale by natural sellers.
• 6:16
  That's the miners. At this level, that works out to
• 6:19
  about $50 million of Bitcoin available for sale every day.
• 6:23
  If that $50 million is bought, then the price has got to move
• 6:27
  up to find any natural, any any seller that's price sensitive.
• 6:32
  Now, if you do the math, you'll actually see the Bitcoin
• 6:35
  treasury companies by themselves are buying the entire natural
• 6:38
  supply. BlackRock and the ETFs are
• 6:41
  buying another measure of that. And we've got nation state
• 6:46
  actors coming into the space. So I think when Bitcoin rallies,
• 6:52
  if it surges to 500,000 or $1,000,000, then maybe we could
• 6:56
  talk about it crashing down by a $200,000 a coin.
• 7:00
  But at the current price levels, it only takes $50,000,000 to
• 7:04
  turn the entire drive shaft of the crypto economy.
• 7:07
  One turn and you've got the Trump Media Organization
• 7:11
  announcing 2 1/2 billion. You've got GameStop announcing
• 7:14
  500 million. You've got my company that's
• 7:17
  raising billions and billions of dollars.
• 7:20
  So the writing is on the wall. Bitcoin's moving.
• 7:22
  Higher. As I mentioned before, the
• 7:24
  dollar's on track for its worst performance in 30 years. the US
• 7:27
  dollar is showing signs of collapse following its typical
• 7:29
  10 year historical cycles. And our stocks and our debt as
• 7:33
  measured in GDP well, the charts don't look good right now.
• 7:37
  Tavi Costa is showing us that equity values are rising much
• 7:41
  faster than our actual growth. And what's interesting to see is
• 7:44
  that the dollar is collapsing while the 10 year yields are
• 7:46
  also rising. The decoupling.
• 7:48
  And This is why legendary investors like Paul Tudor Jones
• 7:51
  pulled the siren this week, saying that policy makers are in
• 7:54
  between a rock and a hard place and that the typical portfolio
• 7:57
  that you should own should have stocks, gold and Bitcoin in
• 8:01
  order to outpace the high inflation that we're going to
• 8:03
  see. Like the 1950s, investors are
• 8:05
  waking up to the reality that Bitcoin is not just going to be
• 8:09
  the best performing store of value, but it can also be a
• 8:12
  medium of exchange and more moving forward.
• 8:15
  And so if you think about today, the average finance user, they
• 8:18
  have a savings account, they have a checking account and they
• 8:21
  have a brokerage account. That's what we're basically
• 8:23
  seeing recreate in the digital world.
• 8:25
  You're saving in Bitcoin, you're spending in stable coins and
• 8:27
  then you are going and you're speculating on whatever assets
• 8:30
  you want your portfolio. What I think the big question
• 8:32
  becomes, and I don't have the answer, I don't think anyone
• 8:34
  does yet, is as we continue to see the destruction of the
• 8:38
  purchasing power of the US dollar, are we going to see
• 8:41
  people start who price things in Bitcoin?
• 8:42
  Now, I don't think that's something that's going to happen
• 8:44
  in 1-3, maybe even five years. But I do think that there is a
• 8:47
  growing group of people who say, look, this thing called Bitcoin
• 8:51
  is ultimately going to be a store value as it already is,
• 8:54
  but it will become a medium of exchange as well.
• 8:56
  It just needs to get to a point where the world all agrees on
• 8:59
  what is it worth. And if you think in 2018 the
• 9:02
  world thought it was worth $3000 a coin, Today the world thinks
• 9:05
  it's worth $105,000 a coin, it's going to continue to go higher
• 9:09
  and at some point it will reach some market equilibrium.
• 9:11
  And then when you see that switch over into, OK, now things
• 9:14
  are priced in Bitcoin, I think that's kind of the hyper
• 9:16
  bitcoinization that the bitcoiners are waiting for.
• 9:18
  But there is a long path to get there.
• 9:20
  And the sequence right now is why would I want to spend my
• 9:23
  Bitcoin if it's going to be worth more in the future, right?
• 9:26
  I want to spend the dollars that are going to be worth less in
• 9:27
  the future. And This is why micro strategy
• 9:29
  isn't just going to be 1 of 79 companies that hold Bitcoin on
• 9:32
  its balance sheet, but there's going to be thousands at some
• 9:35
  point. And this is a mega trend that's
• 9:37
  just beginning that as of March 30. 1st of this year. 79 public
• 9:42
  companies. Hold a collective. 57 billion.
• 9:44
  Dollars in Bitcoin on their balance sheets.
• 9:47
  That's a nearly 160% rise over the past year.
• 9:50
  What do you attribute that bump to?
• 9:52
  And generally. Speaking, Why do you think
• 9:55
  public companies are betting? Big on Bitcoin?
• 9:58
  Yeah, I think there are a few reasons for that.
• 9:59
  We think this is a mega trend, by the way, that's going to
• 10:01
  accelerate into the future. One, of course, is increased
• 10:05
  worries about the dollar. Corporations globally are
• 10:08
  sitting on records amount of cash and what they've
• 10:11
  historically done is park it in short term U.S.
• 10:14
  Treasuries or in fact in cash accounts.
• 10:17
  With the huge money printing and growing deficits, that no longer
• 10:20
  seems like a valid approach. They need another way to protect
• 10:23
  their wealth from degradation, and they're turning to the best
• 10:26
  horse in that race, which is Bitcoin.
• 10:29
  Beyond that, the investing audience has just recognized
• 10:33
  that this is a positive strategy, and so companies are
• 10:36
  being rewarded for taking this bold step of putting Bitcoin on
• 10:39
  their balance sheet. We think there will ultimately
• 10:41
  be thousands of companies that do this.
• 10:43
  We think we're in inning one or two of this megatrend period,
• 10:48
  but you're seeing it accelerate over time.
• 10:50
  It's very exciting. One of the things that these big
• 10:53
  companies do that you now have the ability to do as an
• 10:55
  individual is not to sell your Bitcoin, but to borrow against
• 10:59
  your Bitcoin, borrow against the assets on your personal balance
• 11:02
  sheet. And you can do that with letting
• 11:04
  the leader in Bitcoin back loan. Since 2018, they've issued over
• 11:07
  $9 billion worth of loans to 10s of thousands of customers and
• 11:10
  have done so in a fast, transparent and smooth manner,
• 11:13
  which is why they have over 1005 star customer reviews.
• 11:17
  They've never lost a single sat or cent of customer money and
• 11:20
  they were the one of the first digital lenders to do a digital
• 11:23
  proof of reserves so that you know that they have the assets
• 11:25
  that they claim to loan started this 12 point four and you can
• 11:29
  get 25 off your first loan by going to learn leaden AO.
• 11:33
  Simply one of the things that the most wealthy people do is
• 11:36
  they don't sell their assets. They continue to pass them down
• 11:38
  to future generations and one of the things that they do is they
• 11:41
  put them into trust. They have them as part of their
• 11:43
  estates and they protect them. Well.
• 11:45
  One of the ways you can protect your assets from forfeiture or
• 11:49
  being stolen or plain just not being given to you from an
• 11:52
  exchange like Coinbase is by removing your keys from the
• 11:54
  exchange. Work with a consultant and a
• 11:56
  partner to teach you how to do it the right way.
• 11:58
  And that's the Bitcoin way. Schedule a free 30 minute
• 12:01
  consultation with their team to remove your keys from exchanges
• 12:04
  the right way, confidently, safely and securely.
• 12:07
  Schedule a free 30 minute meeting at the bitcoinway.com
• 12:10
  Simply Bitcoin. There's not just a wave of
• 12:12
  publicly traded companies like MicroStrategy and others, even
• 12:16
  crypto tokens like Cardano. Now I can't believe that I'm
• 12:18
  saying that that are moving to buy Bitcoin as part of their
• 12:21
  balance sheet in their treasuries.
• 12:23
  But it's also real estate investors, investors like Donald
• 12:26
  Trump Junior and the Trump family, who realized that the
• 12:29
  scheme that they were once a part of and benefiting from is
• 12:32
  in fact a Ponzi scheme. A pyramid scheme in that on a
• 12:37
  flip of a switch or a blink of an eye, they can be just like
• 12:40
  the rest of us on the outside looking in.
• 12:43
  Because he did these things. The reason we got into crypto
• 12:46
  and we're all in on crypto and we're doing American Bitcoin and
• 12:48
  we have World Liberty Finance and USD One was because there
• 12:52
  was a time and probably I'd been on this show where there was AI
• 12:55
  could call any single banker in New York City.
• 12:58
  They'd pick up the phone. I'd be able to get a loan for
• 13:00
  whatever real estate project I was doing across the street.
• 13:03
  Then we got into politics and all of a sudden they wouldn't
• 13:05
  take your call. You couldn't get financing.
• 13:07
  We were debanked. And what I realized and my
• 13:10
  brother realized because we were the recipients of every subpoena
• 13:13
  imaginable, was that you know what?
• 13:15
  We were actually just the top of this sort of pyramid scheme that
• 13:17
  we didn't realize we were a part of, that the financial system
• 13:20
  was totally undemocratized because we had a certain balance
• 13:24
  sheet and whatever, we could kind of do whatever we wanted.
• 13:26
  The regular guy was messed up. Now we were all of a sudden in
• 13:29
  the shoes of the regular guy that wouldn't be able to take
• 13:32
  advantage of the markets. And we said, what's the solution
• 13:35
  for that? The answer is crypto.
• 13:37
  You know, these decentralized platforms where you're not
• 13:39
  beholden to this, where you create efficiencies as a guy
• 13:42
  that did real estate, you know, why am I paying points in and
• 13:44
  out for title insurance that could be done on the blockchain?
• 13:46
  So we got into crypto not because it was like, hey, this
• 13:50
  is the next cool thing. We got into it out of necessity.
• 13:53
  We got into it because we understood just how quickly we
• 13:55
  could be turned off, even as an incredible developer from New
• 13:58
  York. I mean, I don't think anyone
• 14:00
  would argue that we didn't change the skylight of New York
• 14:03
  City. But that disappeared in an
• 14:05
  instant. I mean, we're getting sued by
• 14:08
  the New York State AG, half a billion dollar fees for paying
• 14:10
  back loans on time with interest.
• 14:13
  These aren't, you know, fair markets.
• 14:15
  There's no nothing egalitarian about any of that.
• 14:18
  So we actually, as innovators, as people who understand these
• 14:21
  things, we went on all, all in on a concept that makes total
• 14:25
  sense because we'd actually been the recipient.
• 14:27
  Well, how quickly that can be shut off.
• 14:28
  And here's the big thesis. The next technological
• 14:31
  revolution isn't in some other form of technology.
• 14:35
  It's in money. And Bitcoin is the bedrock of
• 14:38
  it, whether we're talking about Bitcoin and whether we're
• 14:40
  talking about layer twos like lightning and stable coins that
• 14:43
  are being built on top of Bitcoin, according to people who
• 14:45
  live, breathe and eat this stuff, like Jack Mahler's, we're
• 14:48
  just at the beginning. And $2 trillion is scratching
• 14:51
  the surface for the hundreds of trillions of dollars that are
• 14:54
  out there for Bitcoin to consume in the future.
• 14:56
  You're talking about humans have created and are looking to store
• 15:00
  and later exchange anywhere between 300 to $500 trillion
• 15:04
  worth of purchasing power today. And for me, that's the
• 15:08
  opportunity Bitcoin is going after, is that people forget
• 15:12
  money is a technology just like any other technology we've
• 15:16
  invented. We invented it to scale society
• 15:19
  and solve for barter. And so the technology performs a
• 15:23
  very, very specific use case in the marketplace.
• 15:26
  And that use case is an ability to store and later exchange
• 15:31
  value within the market. Money is the one market good
• 15:34
  that you do not consume. You know, your Coca-Cola, your
• 15:38
  cheeseburger, your airplane, your car.
• 15:40
  You consume those things. You consume the car to to move
• 15:43
  you around. You consume the airplane to fly
• 15:44
  you around. You consume the cheeseburger and
• 15:46
  the coke as food and calories. Money is the one you don't
• 15:50
  consume. You acquire it to save it, not
• 15:53
  consume it until later, exchange it for the things you need.
• 15:56
  And so under all of that logic, I personally believe in today's
• 16:00
  purchasing power terms, Bitcoin is competing over 300 to $500
• 16:03
  trillion worth of value and right now it's at 2.
• 16:07
  So in purchasing power terms, I think it's got no one to no 2300
• 16:14
  X left in it and that's not in dollar terms because obviously
• 16:17
  as the dollar gets debased, it's distorting your understanding of
• 16:20
  purchasing power. You have to be able to see it
• 16:22
  and be patient because these things will take much longer
• 16:25
  than you think, and you can get mad or upset or hate on people
• 16:28
  like Michael Saylor for seeing what's obvious.
• 16:30
  The dollar is losing its value, and there's not a lot of good
• 16:34
  places for you to invest your capital right now.
• 16:36
  They're turning to Bitcoin and they're not investing into 10
• 16:39
  things. They're investing into one thing
• 16:41
  and focusing on that egg in the basket.
• 16:43
  With all of their focus and attention, it might be wise for
• 16:47
  you and me to do the same. One of the ways that they're
• 16:49
  focusing all of their attention on this one asset class is by
• 16:51
  learning everything that they can about it.
• 16:53
  You can learn about all the makers, manufacturers, and
• 16:56
  builders in the space by coming down to Dallas, TX from November
• 16:59
  11th through November 13th at the Bitcoin Mining Disrupt
• 17:02
  Conference, the largest mining Expo conference in the world.
• 17:06
  Get 20% off your ticket by using the promo code Simply Bitcoin.
• 17:09
  If you got value from this episode like always, please
• 17:12
  like, do and share. And as always, happy stacking.