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We're all excited about Bitcoin 
hitting a new all time high, but

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what if I told you that this 
rise might be scarier than you 

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think? 
It may mean Lambos and vacations

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for some, but for many, it means
that the market is anticipating 

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a money printing event in a big 
way. 

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Today, I'm going to break down 
why Bitcoin's price rise might 

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be the beginning of tough times 
ahead. 

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Stick around to the end of this 
video and find out why being 

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bullish might actually be 
bearish imotions. 

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This is beyond Bitcoin. 
Let's dive in. 

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All time highs always feel good.
You wake up 1 morning and see 

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that price ripping, getting 
texts from friends. 

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Like damn I should have listened
to you. 

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And you think about how much 
closer you are to reaching 

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escape velocity. 
But this price doesn't come 

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without a cost. 
You probably know this already 

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because you keep up with all the
Bitcoin news, right? 

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You better, but we are in the 
age of money printing. 

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Did you know that 80% of all 
dollars in existence were 

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printed in the last five years? 
You probably knew that, right? 

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You better. 
The dollar is inflating at a 

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rapid pace and we have a limited
time to get on the Bitcoin 

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train. 
So you can say that as Bitcoin 

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rises in value and hits new all 
time highs, it's almost like 

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Bitcoin tracks inflation. 
Florida State. 

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So as these prices rise in 
Bitcoin and it makes its new all

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time highs, It means that on the
back end that more and more 

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dollars are being printed or are
in anticipation of being 

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printed. 
The higher Bitcoin goes, the 

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more of an indicator we are 
getting debased and the speed in

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which that is happening. 
You know what else bitcoins new 

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all time high tells us about the
state of the economy. 

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What's that? 
I'll tell you right after the 

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OK, so let me tell you what I 

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think bitcoins new all time high
tells US1 we are going to get 

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the base faster. 
When bitcoins hitting new all 

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time highs starts to happen more
and more frequently, it's an 

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indicator of the speed of the 
print. 

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Don't it just feel like a print 
is coming? 

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2 If more printing is coming, 
what does it mean for the people

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who don't hold their own keys? 
What does it mean for the no 

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quarters? 
It could be the beginnings of an

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accelerated loss in the quality 
of life when it becomes too 

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expensive for shelter or clean 
food. 

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Money is broken, class systems 
arise, and freedom becomes 

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expensive. 
But I'm getting off topic. 

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Here's a Michael Saylor clip 
while I gather my thoughts. 

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The problem starts with 
continually changing the 

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definition of the Market Basket.
But in my opinion, that's not 

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the biggest problem. 
The more the more egregious 

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problem is the the fundamental 
idea that assets aren't products

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or services. 
Assets can't be inflated. 

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What's an asset? 
A house, a share of Apple stock,

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a bond, a Bitcoin is an asset. 
Or a Picasso painting so. 

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Not a consumable good. 
Not a not not not an apple that 

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you can eat. 
Right. 

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If I throw away an asset then 
I'm not on the hook to track the

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inflation rate for it. 
So what happens if I change the 

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policy such that let's let's 
take the classic example, 

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$1,000,000 bond at a 5% interest
rate gives you $50,000 a year in

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risk free income. 
You might retire on $50,000 a 

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year in a low cost jurisdiction.
So the cost of Social Security 

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or early retirement is $1 
million when the interest rate 

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is 5%. 
During the the crisis of March 

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of 2020, the interest rate went 
on a 10 year bond went to 50 

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basis points. 
So now the cost of that bond is 

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$10 million. 
OK. 

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The cost of Social Security went
from $1,000,000 to $10 million. 

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So if you wanted to work your 
entire life, save money and then

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retire risk free and live 
happily ever after on a $50,000 

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salary living on a beach in 
Mexico, wherever you wanted to 

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go, you had hyperinflation. 
The cost of your aspiration 

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increased by a factor of 10 over
the course of, you know, some 

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amount of time. 
In fact, in that case, that was 

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like over the course of about 12
years, right? 

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As the inflation rate ground 
down, the asset traded up. 

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But the, you know, the 
conventional view is, oh, that's

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not a problem because it's good 
that that assets, that it's good

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that the bond is highly priced 
because we own the bond or what?

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What's the problem with the 
inflation rate in housing being 

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19%? 
It's an awful problem for a 22 

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year old that's starting their 
first job, that's saving money 

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to buy a house. 
But it would be characterized as

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a benefit to society by a 
conventional economist who would

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say, well, housing asset values 
are higher because of interest 

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rate fluctuation, and now the 
economy's got more wealth. 

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Buying Bitcoin today means you 
have a money that matches up 

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with the rate of inflation, not 
what the federal funds rate says

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the inflation rate is. 
Bitcoin is an inflation meter, 

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if you will, forever ticking 
upward. 

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If you think about it, the Fiat 
price continuing to climb will 

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bring prosperity to few but well
health to many. 

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And the more you get into 
Bitcoin the more you stay into 

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Bitcoin. 
Bitcoin is a one way Rd. with 

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off ramps. 
If you had the human race doing 

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stuff and if you ask the 
question how much more 

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efficiently will we do the stuff
next year than this year or how,

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what's the value of all of our 
innovations and inventions and 

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investments in the past 12 
months, you'd be hard pressed to

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say we get 2% better. 
Typical investor thinks they 

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they're 10% better every year. 
So if you look at what's going 

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on, really when you're holding 
$1,000,000 of stocks and you're 

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getting a 10% gain a year, you 
really get a 7% expansion of the

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money supply. 
You're getting a 2 or 3% gain 

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under best circumstances. 
And another way to say that is 

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if the money supply stopped 
expanding at 7% a year, the S&P 

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yield might be 3% and not 10%. 
It probably should be. 

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Now that that that gets you to 
start to ask a bunch of other 

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fundamental questions like if I 
borrow a billion dollars and pay

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3% interest and the money supply
expands at 7 to 10% a year and I

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ended up making a 10% return on 
a, you know, billion dollar 

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investment paying 3% interest. 
Is that fair? 

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And who, who, who suffered so 
that I could do that? 

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Because in an environment where 
you're just inflating the money 

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supply and you're holding the 
assets constant, it stands to 

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reason that the price of all the
assets is going to appreciate 

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somewhat proportional to the 
money supply. 

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And the difference in asset 
appreciation is going to be a 

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function of the scarce desirable
quality of the assets. 

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And to what extent can I make 
more of them? 

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And to what extent are they? 
Are they truly limited in 

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supply? 
If you're not in Bitcoin, an all

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time high could mean that you're
getting deeper and deeper into 

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debt. 
Bitcoin might be the only thing 

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that could pull you out of it. 
Higher Bitcoin prices means 

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higher inflation, which means 
higher chances of war, poverty 

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and corruption. 
A widening of the wealth gap. 

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There will be more concentration
of wealth in the hands of the 

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few, but maybe, just maybe, the 
pie will grow, Bitcoin gets 

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adopted, and the wealth will 
spread. 

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Buy some Bitcoin, study Bitcoin,
do what you got to do. 

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But whatever you do, don't get 
caught on the wrong side of this

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trade. 
Thank you so much for watching 

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the show. 
I just want to take a moment and

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Thank you so much for watching 

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this show. 
I'm oceans. 

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00:09:00,240 --> 00:09:02,480
This is beyond Bitcoin. 
If you like the channel and you 

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