Bitcoin has crashed TO114K as of this recording.
According to the history of how Bitcoin is performed in August,
it looks like we could be in for a rough month.
I mean, and it gets worse. Someone stole Satoshi.
That's it. I've had it with this dump.
We got no food, We got no jobs. All right, Lloyd, chill out.
But it gets worse. China has officially banned all
mining trading in any financial services related to crypto for
the one thousandth time, and the Fed has shared exactly how
they're going to pay for renovations.
How are you going to get the $2.5 billion to renovate the
Federal Reserve building? Well, you know.
OK, that's a joke. I wanted to inject a little
humor because anytime that we have one or two bad days,
everyone thinks that the world is crashing.
But the world is healing, and I have so many examples of how the
world is moving towards a Bitcoin standard that have
happened just this week. If you don't believe me, I'll
show you. This is Dante Koch with Bitcoin.
Simply let's go. Despite all the doom and gloom
news out there with Bitcoins price crashing to above where
the all time high was for six months that we were stuck at at
111 K, the world is actually healing.
Case number one, Congress is starting to hold our unelected
officials accountable, starting with the Fed.
The Federal Reserve has grown too powerful, too insulated, too
comfortable, and they are operating in the shadows, and
this is the minimum we can do to start getting this independent
agency some scrutiny. They don't even respond to FOIA
requests. You can't get an answer.
That place is whack A mole. If you try to talk to the Fed
chair about something, they'll put it on the vice chair for
banking supervision. Who will put it on the
presidents of the Federal Reserve Banks.
Who put it back on the White House, Who put it back on bank
supervision? Who put it on the lawyer of for
bank supervision? This place is a ping pong ball
when it comes to trying to get an answer to a question.
It's become a giant black hole of unaccountability.
It's time for change. This unelected shadow group of
12 private bankers run the world.
They set the interest rates and control the quality of life for
people like you and me. They dictate backdoor money
flows to other central banks, other countries, other
governments, without any of us even being able to know with
their numbers disclosed in accounting jargon.
That's a positive step. Next, Congress is finally making
sure that our elected officials are held accountable, like them
not being able to trade stocks and benefit from it.
What a novel idea, as the president said in the Roosevelt
Room yesterday, conceptually, he, of course, supports the idea
of ensuring that members of Congress and and United States
senators who who are here for public service cannot enrich
themselves. And the reason that this idea to
put a ban on stock trading for members of Congress is even a
thing is because of Nancy Pelosi.
I mean, she is is is rightfully criticized because she makes
think $174,000 a year, yet she has a net worth of approximately
413 million in 2024. Nancy Pelosi's stock portfolio,
this was a fascinating statistic to me, grew 70% in one year in
2024. And her portfolio outperformed
every single large hedge fund in that same year and even more
than doubled the returns of Warren Buffett's Berkshire
Hathaway. Somehow.
Now Nancy Pelosi is a proud supporter of not being able to
trade stocks and says that it's in the best public interest as a
public servant to serve the people without trading stocks.
Still a positive sign. The world is slowly waking up to
holding Bitcoin as a better asset, starting with a flood of
publicly traded companies who understand the true value of
Bitcoin as a digital asset and digital credit.
The nice thing there is there's 160 companies that are
capitalizing on Bitcoin in the public market, up from about 60
last year. So the Bitcoin treasury movement
is exploding, and companies like Metaplanet in Japan and Capital
B in France and Smarter Web in the UK.
And then there's a raft of them in the US, Anthony Pompliano's
company, you know, and 21, they're all capitalizing.
The big idea is I take digital capital, I issue digital credit
and a digital credit instrument can either be longer duration or
it can be higher performance. We're offering 9% dividend yield
with stretch the average money markets 4.2% dividend yield.
No one would ever want to give a 9% perpetual yield in a in a
bond that's backed by real estate or backed by gold or
backed by any conventional Fiat asset.
But we're investing in Bitcoin and and my 20 year forecast for
Bitcoin is 30% a year ARR, so it's easy for us.
This is the first opportunity for them to legally hold an
asset that is liquid under the SEC rules and guidelines, which
opens up the floodgates of possibilities.
I mean, you could hold gold and real estate on your balance
sheet, but they're illiquid assets.
Not good for a publicly traded company, no.
That all these companies, instead of holding cash or
treasuries, they would all hold their money in Bitcoin.
If that were true, what would that do to the US government and
its ability to operate? Well, I think the key to keep in
mind is Bitcoin is demonetizing foreign real estate, private
equity, public equity, other sorts of store of value assets
everywhere in the world. 20th century physical analog assets
are becoming 21st century digital assets.
These companies like Apple and Microsoft, if they could buy the
S&P index they'd be better off. It's against SEC rules.
The only if they could buy each other securities.
If the Mag Seven could buy the each other securities they would
be better off. That's against SEC rules.
The only security Apple can buy is Apple stock.
And what do they do? They buy their own security.
So in generally, if you're trying to create shareholder
value, you don't want to park it in a Fiat currency, you want to
park it in a in a tangible asset.
But gold and real estate don't make sense.
You ever see? Speaking of the SEC Chairman
Paul Atkins just reiterated his belief in Bitcoin by saying
this. The right to have self custody
of 1's private property is a core American value.
I believe deeply in the right to use a self custodial digital
wallet to maintain personal crypto assets.
What a radical thought. What's yours is yours and you
have a right to it. That's a positive sign.
Another positive sign. Liquidity is coming.
One interesting correlation that's been Bitcoin in the money
supply is that integral like, hey, we've got to chart it.
It's pretty easy. You don't have to be a charter
to see, OK, they kind of trade in tandem here.
Well, one thing we know is that they're going to continue to
debase and liquidity has been at all time highs, and that's
largely because we're running these massive fiscal deficits.
And guess what, They're going to continue the projections made
for the rest of the year is that we're going to be basically
issuing about $18 trillion worth of $18 billion worth of debt per
day for the rest of the year, for the rest of 2025.
So the thing you need is the one thing immune to currency
debasement, immune to inflation, and that is Bitcoin.
So, you know, I've got to. See Pain and Natalie, always the
beacon of hope that we always need it.
Before we go any further on to more positive news, let's take a
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Simply Speaking of Paul Atkins talking about your right to self
custody assets and your private property being a core American
value. Well, you need to actually
exercise that right for it to be a a lived value and you can do
that by removing your Bitcoin from exchanges.
But don't just do it any kind of way.
Learn how to do it the right way.
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bitcoinway.com/simply Bitcoin. Bitcoin is the S&P 500 of the
future, and for publicly traded companies, it's the S&P that
they can actually own on their balance sheet.
But for you and me, we don't have to have an index of the 500
best companies in the United States or across the world.
Bitcoin is a global index of all of the liquidity in the world
flowing into a more scarce asset.
We're moving to a global world, not just AUS dominated world,
and so it makes sense that the world needs another S&P 500 to
invest in. I view the investment in first
Bitcoin as being the S&P 500 in the future.
I've said it repeatedly. I'll continue to say it In a
world where AI disrupts all businesses, every single
business will be disrupted by artificial intelligence as we go
forward. I just don't feel people have
spent enough time on it. What Bitcoin represents is
something which is outside the current system.
It will continue to gain strength.
I think on the last program, I said it would go above 200,000
this year. I still not only believe that, I
think there's higher highs for it going forward.
I think this is something that people at least need to focus on
as a small portion of their portfolio, if for no other
reason that I think from a standpoint of what is a
certainty going forward. The current existence of the
framework we have in capitalism is changing going forward.
And if people don't believe it, they need to have some sort of a
hedge, and Bitcoin and Ethereum themselves are at least combined
a good way to. Do that and here's the thing, so
many people conflate crypto and Bitcoin.
They're 2 completely different things Bitcoin is a protocol
without an issuer. It's rules in a game that we can
all play and the foundation of this started 40 to 50 years ago
and it made a huge leap forward with a denial of counter service
measure which was created by Adam Back, which later became
Hashcash, which said that we need some sort of computational
cost in order to send e-mail so that we wouldn't be flooded with
spam. This became the foundation of
the proof of work mechanism, which means there needs to be
some accountability in the creation of money.
The protocol is just math, and This is why it's the only any
chance that we can have a monetary reset, that central
banks can actually be overthrown.
It's because there is no war that you can fight against a
protocol for the next 500 years. Can you explain?
What you mean? Sure, of course I can explain
what I mean. You have a world where the train
is leaving the station. You know, Bitcoin is changed
everything fundamentally and does with coin or the coiners
versus those without coins, the no coiners.
There will be a split in in in the world and society and we
won't be looking at the world in terms of nation states anymore.
I think the nation state becomes passe or disintermediated.
Central banks are obliterated, and you have the global tribe of
millions of Bitcoiners who have all the money, and then they'll
be everybody else who doesn't have.
They'll just be living in a different reality.
And that template will be set for 500 years because Bitcoin is
perfect money, and it's taken a million years to get to Bitcoin.
We finally achieved it, and now it's a day of reckoning.
If you have no coin, you'll probably be living in the
equivalent of hell. If you have coin, you will be
living in heaven. So it really doesn't matter if
you steal the statue of Satoshi if you run the protocol and own
Bitcoin self sovereignly. We're all Satoshi.
Forget the noise, there is no doom and gloom.
The world is moving to a Bitcoin standard.
Don't miss it. And another thing you won't want
to miss is coming down to Dallas, TX from November 11th
through November 13th to the Mining Disrupt conference, the
largest mining Expo in the world.
The Bitcoin Simply team will be down there and we hope you join
us. Use the promo code to Simply
Bitcoin for 20% off your tickets.
There's a lot of positive things happening out there depending on
how you look at it. This is Dante Cook with Bitcoin
simply. Happy stacking.