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Did Gold Just Signal a 557% Bitcoin Eruption?! | Simply Originals · Simply Bitcoin

0:00
All right, anyone claiming this Bitcoin cycle is just like the
0:03
others needs to put down the peace pipe.
0:06
We have entered uncharted territory, a new game, but the
0:11
ending is the same. The four year cycle.
0:14
It might have broken. But despite it all, this could
0:17
be Bitcoins most bullish moment ever.
0:20
The banks are in trouble and more cockroaches are coming.
0:24
Even Jamie Dimon said it. And while the bears are running
0:27
victory laps, they're about to get absolutely wrecked.
0:30
Because not only is the SP500 collapsing against Bitcoin, but
0:35
global M2 is exploding and Bitcoin is definitely going to
0:38
close that gap. But there's more gold.
0:42
Yeah, old man gold just did something that could mean a 557%
0:47
Bitcoin eruption is on deck. Check this out.
0:51
The last time gold topped out in 2020, Bitcoin ran 557%.
0:56
Over the next 12 months, ladies and gentlemen, Bitcoin flies
1:01
once gold slides. All right, so a 557% run would
1:05
send Bitcoin to roughly 618,270 cut bucks.
1:10
So could the longest Bitcoin consolidation be setting up the
1:15
most violent bull run in history?
1:17
We'll strap in and smoke them if you got them, because a fist
1:20
full of bullishness is coming your way.
1:28
For the directional bets, so we're going to a million and
1:32
after that we're going to 10 million.
1:33
So it's just a matter of time from that standpoint.
1:36
I'm taking a long term view and everyone you know, I've been
1:40
advising people to get into Bitcoin at 20 dollars, 200
1:43
dollars, $20,000 and $120,000 because at the end of a day it
1:48
is a scarce value. It's a digital gold and has all
1:52
the properties to be anti inflationary and anti sort of a
1:55
centralized government spending. So it's a directional bet.
1:59
And you always believed in Bitcoin.
2:01
I mean, we spoke with you. CNBC Squawk Box interviewed you
2:05
back in 2014 when the price of Bitcoin was around $450.
2:10
And here we are with Bitcoin above $120,000.
2:14
So how do you explain what happened between then and now in
2:18
the 11 years since that interview?
2:20
Well, I think first and foremost the global debt of the
2:23
governments has increased dramatically.
2:26
You know, the continuation of spending by OECD countries has
2:32
continued on and the central banks, quantitative easing and
2:35
printing, releasing more Fiat. And when you have all of this
2:39
combination of factors, then you have Bitcoin shining.
2:42
That's one. Second, it has been
2:44
institutional adoption. So I think what BlackRock has
2:48
done for the industry has been profound and fidelity in terms
2:52
of allowing the access to Bitcoin in a very easy manner
2:55
because that was not never not the case before.
2:58
All right, so now what's really happening behind the scenes?
3:02
John Malden just dropped a piece called The Final Crisis.
3:05
This is our future. And let me tell you if he's
3:07
right, the Federal Reserve is running out of ammo and fast.
3:11
Turn out the lights. The party's over.
3:14
Even Willie Nelson saw it coming.
3:16
At 92 years old, he's seen more cycles than Powell and Yellen
3:21
combined. Debt driven growth feels good
3:24
until the lights go out and Molden says we're stumbling in
3:27
the dark again. Ray Dalio calls it the big debt
3:30
cycle, an 80 year credit binge that ends the same way every
3:35
time. Currency collapse and a reset.
3:37
And here's Dalio's playbook in plain English. 1 Private and
3:41
public sectors get deep in debt. 2 The private sector implodes,
3:45
so the government prints money to bail it out.
3:47
Three. Then the government itself hits
3:50
a debt wall and nobody wants its bonds.
3:53
Holy shit, 4. So they print more and five,
3:58
boom, the currency dies. Sound familiar?
4:01
Take a look around. We've already checked off steps
4:04
one through 4. Stage 5 is underway right now.
4:07
That is trying to cut rates without reigniting inflation
4:10
while Washington spends like a drunken sailor.
4:13
Dalio calls the end game the death spiral for central banks
4:17
when they have to print money just to cover the interest on
4:19
the money they already printed. That's not policy, that's a
4:23
Fonzie. And guess what happens next?
4:25
Stage 7 debt restructuring and currency devaluation.
4:29
A quote. Beautiful deleveraging if you're
4:31
lucky, a hyperinflationary recession if you're not.
4:35
In other words, the final crisis has begun.
4:38
You can't stop the cycle, but you can front run it.
4:42
Michael Saylor just did it again.
4:44
Breaking micro strategy, buys 168 BTC for 18.8 million.
4:49
They're now up to 640,418 BTC total.
4:53
Well, Wall Street's playing with paper sailors buying the hardest
4:56
asset on earth. It's almost like he knows how
5:00
this movie ends. If you're more open minded about
5:03
the entire thing and you just embrace the idea that this is a
5:08
new kind of company, a new, it's not a bank because it doesn't,
5:14
it's not regulated, doesn't take consumer and and commercial
5:18
deposits. It's not that kind of bank.
5:20
It is a financial kind of company, right?
5:23
And it's a new form of company. There are banks, there are
5:25
insurance companies, you know, etcetera.
5:28
So a treasury company is a company that issues securities
5:34
in order to acquire capital, a commodity really you're issuing
5:40
securities to buy a commodity. And if you pick a commodity that
5:44
happened to be scarce, you create a a very powerful
5:48
feedback loop, right? Work through your mind.
5:51
If I, if I do this on Bitcoin going at 50% a year, I can
5:55
easily pay 10% capture the 40% spread that is an amplifier.
6:00
Yeah. If I issued the credit to buy
6:03
soybeans. Yeah, without the Kegar, you
6:06
know. Or natural gas or crude oil or
6:10
some other, you know, commodity that returns three 5%, anything
6:16
less than the cost of the credit.
6:18
Then I've run the feedback loop in the opposite direction.
6:21
I'm destroying capital as fast as I can.
6:24
The business is not really much more complicated than that.
6:27
It's just no one's ever seen it before, which is why people just
6:31
have a hard time getting their head around it.
6:34
And if they don't believe in Bitcoin, now you've talked about
6:37
the different preferreds and how even?
6:38
Just one could work and it. Gives you leverage.
6:40
That right there is why sailors playing 4D financial chess while
6:44
Wall Street still stuck on Monopoly money.
6:47
He's literally turning Bitcoin into the new foundation of
6:50
global finance. A bank replacement built on
6:53
truth, not trust. You know what's crazy?
6:55
Gold just pulled the classic move, and every time this metal
6:58
spikes, Bitcoin loads the spring.
7:01
The last time gold topped in 2020, Bitcoin ripped 557%.
7:06
If history rhymes, that means a run from 111 K to roughly 618K
7:12
could be on the table. Gold is screaming, Fiat's days
7:15
are numbered, and bitcoins just sitting over here like hold my
7:19
brewski. Because gold is the floor,
7:21
Bitcoin is the ceiling. Fiat trends toward Infinity,
7:25
Bitcoin trends toward freedom. And what we're seeing right now
7:28
has played out before. Check this out.
7:30
Doing fundamental training. And he, he hated the model
7:33
building. He said, I, I, you know, but he
7:35
loved the fundamental training. He loved reading the newspapers
7:39
and reading the tickers and, and, and the news tickers and
7:43
getting ideas. And it turned out he was for a
7:46
while, very, very good. So we put the models aside for a
7:51
while and we traded and we, we did very well.
7:57
We did very well, but it was a gut wrenching experience.
8:01
You don't it's, you know, one day you walk in and you think
8:05
you're a genius. Oh, my positions are in my way.
8:08
Look, and the next day you walk in and they're against you and
8:10
you feel you're, you're a dope. How could I have done what I did
8:14
and so on. There was no rhyme or reason.
8:16
It was just, you know, you put your finger in the air and you
8:18
try to sense which way the the wind is blowing.
8:21
I'll tell you one story to illustrate the craziness.
8:25
So it was a time when gold was going up.
8:30
Gold had be, had been, you couldn't buy or sell gold.
8:34
And finally you could. And it was, the price was rising
8:37
and it was rising. And we had a, a deal where
8:43
Lenny, Lenny Baum and I, well, we'd each have the same, we each
8:46
have our own account. I was the boss, but we each had
8:49
our own account. And in our own account, in fact,
8:51
we both bought gold. We're supposed to be
8:53
independent. We both like gold.
8:54
The gold was going up. It was, it started at 200 and
8:58
304 hundred $500. It got to $500, which by today's
9:02
standards would be like 15 or $1800.
9:07
And I said, you know, this is, this is a very high price.
9:09
I'm getting out and I sold my half.
9:13
But Lenny, I think you should no, you don't know how high this
9:16
is going to go. You can't.
9:17
This is going to this is going to go very, very high.
9:21
I said, OK, So he stayed. It was 600, it was 700, it was
9:27
800. Got to $800 That day.
9:31
I happened to be talking to a friend of mine on the phone who
9:35
was a stockbroker. And in fact, he was my
9:37
stockbroker. And I said, how are things,
9:40
Dick? And he said, Oh, well, they're
9:42
fine. This morning my wife Lucy came
9:46
into my closet and cleaned out all of my all tie clasps and
9:53
cufflinks and went downtown to sell them.
9:56
They were gold. They were gold.
9:58
See, I said, well, are you having a hard time in your
10:02
family? Why is she?
10:03
Your wife says, oh, he says, you know, she's a jeweler.
10:06
I said, yes, I know that. So he said, so she only has to
10:08
stand in the short line. I said, what do you mean the
10:11
short line? He says, don't you know that
10:13
people are lining up and standing for hours selling their
10:17
gold? I said, no, I didn't know that.
10:21
Thank you very much. We had a phone in those days.
10:27
If you picked it up, it was a different phone.
10:29
If you picked it up, you went right to the floor of the
10:32
Commodity Exchange. And I got Lenny in the office
10:35
and I put the phone up to his ear and I said, Lenny, sell the
10:39
gold. In fact, I And he said, no, no,
10:43
no, no. I said, Lenny, I'm the boss.
10:44
Sell the blankety blank gold. I was more emphatic than that.
10:50
He said, all right, all right, He sold the gold and maybe it
10:54
was $810. Oh, he was mad.
10:58
And the next day we came in and it opened at $830.
11:03
And always, I told you, by the end of that day it had dropped
11:09
25%. It was down to $600.00 all in
11:12
one day. And it never, of course, went
11:15
back up. So that is an example of common
11:21
sense and very good luck. The good luck.
11:24
If I hadn't called my stockbroker the day I did, Lenny
11:29
would have held on to that goal, would have gone, it went back to
11:32
200 after a while. We would have wrote it out,
11:35
written it all the way down, I think.
11:37
And so it was just plain luck that I have.
11:40
But it was at least common sense that I thought, if everyone in
11:42
the world is trying to sell that gold, how long can it be going
11:45
up? You know, there is such a thing
11:47
as supply and demand. So there it was.
11:52
So that was what it was like to be a fundamental trader.
11:54
It was stomach wrenching. That's the same setup Jim
11:58
Simmons saw in his early gold trade parabolic run.
12:01
Then a new asset takes the throne.
12:03
Only this time the throne is digital.
12:05
And right now, Bitcoin is sitting where gold was in 1976,
12:10
undervalued, misunderstood, and ready to melt faces.
12:14
Bitcoin is the truth machine. It moves first.
12:16
Yields are puking. Spreads are blowing out.
12:19
Banks are sweating through their suits and Bitcoins, sniffing
12:22
what's next, Forced printing. And when they turn those
12:25
printers back on, Bitcoin will front run the Fed and leave
12:28
every other asset gasping for air.
12:31
Let's not depend on the government officials and central
12:35
bankers who sort of pushed us down this road to think that
12:38
they're going to solve it themselves or feel the pressure
12:41
to solve it without any external pressure is a bit wishful, a bit
12:45
of wishful thinking in my books. We need the individual American
12:49
citizens and businesses to adopt this better money and opt into
12:53
it, and I think that's how we get through this at the end of
12:56
the day. Yeah, I think that's exactly
12:58
what's going to happen. I think it's really encouraging
13:00
to hear things like that square. I mean it is it is be quickly
13:03
becoming a matter of utmost importance.
13:07
I won't go all the way to life and death, but you know,
13:09
depending on events, it could become a matter of life and
13:11
death for businesses to do exactly what you just described,
13:14
which is just put a little and individuals put a little bit
13:17
into, into Bitcoin because you can see what, you know, the
13:22
corollary to the genius act and, and the stablecoin gambit to
13:25
support the treasury market that we talked about earlier is
13:28
you're not going to support the stablecoin marker that the
13:31
stablecoin market's not going to be big enough to support the
13:33
treasury market with Bitcoin at 200,000 or 500,000.
13:38
Like he needs like $1,000,000 Bitcoin, $2,000,000 Bitcoin to
13:43
pull along the number of stable coins to pull along the, you
13:48
know, the, the T bill issuance. It basically, you know, we wrote
13:52
it as, you know, the, the US, the treasury seems to be
13:54
standing up Bitcoin de facto as a competing reserve asset to
13:58
gold. And then they can Duke it out,
14:00
gold and Bitcoin can Duke it out.
14:02
You know, we'll see that's exactly what has and that that
14:06
will rebalance things that will take things away from the
14:10
financialized guys that will take power away from the Fed
14:14
that will do all the kind of things that you need to.
14:16
It's a mark to your point, it's a market.
14:19
It will be a market driven incentive system that we really
14:24
it will narrow wealth inequality.
14:26
It will, but to get the only way narrows wealth inequality is if
14:29
people start buying some every week and self custody it because
14:35
otherwise if you don't self custody it, you they're just
14:38
going to rug pull you like they rug pull like you know, you
14:41
custody with you know, you just you just have to custody it
14:44
yourself. You just, you know, alert, you
14:45
know, it's so easy to do. There's very good services.
14:49
It'll help you do it like just do it like just because
14:52
otherwise you're just re centralizing it elsewhere and
14:56
you know you it, it opens up the risk for rug pull down the road.
15:00
That's Luke Grumman, the guy the Treasury actually reads.
15:03
And when he says bitcoins, A competing reserve asset, he's
15:06
hinting the US is already quietly positioning it next to
15:10
gold. And it's not just gold.
15:12
The so-called safe S&P 500 is melting when priced in Bitcoin.
15:17
Since 2021, the S&P has lost 80% of its value.
15:21
In Bitcoin terms. That's not a dip.
15:23
That is a revolution of the denominator.
15:26
For decades, the S&P was the yardstick of wealth.
15:29
Now the yardstick is on fire because when the measuring stick
15:32
melts, everything measured by it looks fine until you price it in
15:36
Bitcoin. Some call me Chicken Little,
15:39
others Bubble Boy. I'm a bit changed, but sounds
15:42
familiar, right? Let me tell you a hard truth.
15:45
The S&P isn't rising. The dollar's falling.
15:48
That's the trick. Monopoly money.
15:50
It's ice melting by the second. Your savings, your salary, your
15:54
time worth less every second. Everyone's using the wrong
15:57
measuring stick. Switch the denominator.
15:59
Price the S&P into Bitcoin. Hard, fixed, unprintable.
16:04
Suddenly your unstoppable index, it's collapsing.
16:07
And while you're clinging to dollars, well, Wall Street on
16:10
the switch before you needed. 2 rollers.
16:13
Still getting. My ninja bonus though, right?
16:14
Fuck. Plenty of spreadsheets and my
16:21
quant. I hate this part I.
16:25
Was right. And I'll be right again.
16:28
If I were you, I'd thank me. We have reached the mean phase
16:35
of the 4th, turning people literally trading gold in stocks
16:39
against Bitcoin. What's next?
16:40
Buying burgers with Satoshi's? Oh wait, we already do Steak and
16:45
Shake Baby. Now before we land this rocket
16:48
ship, look at our likes four times.
16:50
Maybe I'll pump those numbers up.
16:51
Those are rookie numbers in this racket.
16:53
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Loan I also have another theory called Max Payne theory and that
17:45
is like the most painful outcome for the most people is the most
17:48
likely outcome. So if we think that Bitcoin
17:52
volatility is always going to be low and we just gradually stair
17:56
step up to 1,000,000 and to 10 and to dollar parity with SAT's,
18:01
that is the best case for the world.
18:03
Everyone has a long time frame to accumulate.
18:06
Everyone has time to buy and I don't think that's going to be
18:09
the case. And I think a lot of people
18:11
realize this. If you look at Sailor and
18:12
strategy, he's buying any time like it.
18:16
It doesn't matter if it's a top, he's doesn't care about dips
18:19
because there is this urgency because the time is running out
18:23
to buy Bitcoin at these low prices.
18:27
So we're going to see a fast run up and gold is a good parallel
18:31
for what we're likely to experience with Bitcoin.
18:34
If you look at the pictures circulating right now on the
18:36
Internet, there are people lining up forming queues to buy
18:40
gold and gold is at an all time high.
18:43
So nobody wants Bitcoin when it's in the low 100 KS.
18:46
But once we get to like half $1,000,000 per Bitcoin, I think
18:51
the world's going to wake up, central banks are going to wake
18:54
up, and nation states are going to start joining the race.
18:58
And that's when you go to 1,000,000 very quickly and
19:01
beyond. You see that?
19:03
That's called the writing on the wall. the US has added 400
19:06
billion this month alone. That's 25 billion a day.
19:10
And at this pace, we're going to hit 40 trillion by 2026.
19:14
Debt to GDP, 124%. That's Banana Republic math in a
19:19
pinstripe suit. We are living through the end of
19:22
the Fiat illusion. Every chart that looks bullish
19:26
in dollars is a funeral chart in Bitcoin.
19:29
And as Michael Saylor said, Bitcoin is the new form of
19:32
money, a new form of wealth, and a new form of freedom.
19:35
Gold is the past. Fiat's the problem, Bitcoins the
19:39
future. The old world runs on paper
19:41
promises. The new one runs on proof.
19:44
The cycle is ending, the reset is beginning, and the writing on
19:48
the wall is in fluorescent orange.
19:51
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Hey hope you guys enjoyed this one.
20:20
Smash the like. Subscribe and give us a pimp by
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we got tons of great stuff coming your way Sophie Dante
20:29
oceans all dropping heaters, so keep your head on a swivel.
20:33
Hey, I love you guys. Catch you next time if you.
20:36
Prefer to go down with the. Ship.