1 00:00:00,080 --> 00:00:01,560 Some would say that Bitcoin has been. 2 00:00:01,560 --> 00:00:04,360 Perpetually stuck in the 90s like our parents. 3 00:00:04,440 --> 00:00:06,400 All right, Sorry Boomer, sometimes I'm a little rough on 4 00:00:06,400 --> 00:00:08,880 y'all one. Reason for this might be because 5 00:00:08,880 --> 00:00:11,240 Bitcoin is bracing for a market drop. 6 00:00:11,320 --> 00:00:14,160 Ahead of an announcement on December. 18th Japan is going to 7 00:00:14,160 --> 00:00:17,000 raise interest rate. 75. Basis points, the last. 8 00:00:17,000 --> 00:00:20,240 Time they did this, Bitcoin dumped. 20% in 12 hours. 9 00:00:20,240 --> 00:00:22,080 But it could be manipulation too. 10 00:00:22,200 --> 00:00:23,760 It seems kind of odd that every time we. 11 00:00:23,760 --> 00:00:26,520 Have a 2 to 3%. Bump in bitcoins price we see 12 00:00:26,520 --> 00:00:28,480 the amount go down by two. To 3%. 13 00:00:28,680 --> 00:00:31,160 In the following 24. Every day. 14 00:00:31,160 --> 00:00:33,160 Bitcoin has been dumping 2. To 3%. 15 00:00:33,160 --> 00:00:35,880 At market open like clockwork. And some people. 16 00:00:35,880 --> 00:00:39,040 Are pointing towards Jane St., a classic market manipulator. 17 00:00:39,200 --> 00:00:40,520 Who actually owns? One of the. 18 00:00:40,520 --> 00:00:42,080 Largest positions. In ibit they. 19 00:00:42,080 --> 00:00:45,000 Dump the price at the. Open, reenter lower and buy 20 00:00:45,000 --> 00:00:47,680 Bitcoin at a discount. This same firm has literally 21 00:00:47,680 --> 00:00:50,440 been banned from the Indian stock market exchange for 22 00:00:50,440 --> 00:00:52,280 manipulating. Prices Regulators. 23 00:00:52,280 --> 00:00:54,240 Are seizing. Almost a billion dollars for 24 00:00:54,240 --> 00:00:56,240 manipulating. Securities is Jane. 25 00:00:56,240 --> 00:00:58,440 Street behind bitcoins price stagnation. 26 00:00:58,560 --> 00:01:00,320 CIO Jeffrey Parker. Pro Cap. 27 00:01:00,320 --> 00:01:02,360 Financial has another. Opinion, he's saying. 28 00:01:02,360 --> 00:01:05,280 It's partly. Due to Bitcoin Ogs and I bid 29 00:01:05,280 --> 00:01:06,480 options. Others. 30 00:01:06,480 --> 00:01:08,480 Say it's because we're heading into a midterm election. 31 00:01:08,480 --> 00:01:11,440 So the question is, is this normal market mechanics? 32 00:01:11,440 --> 00:01:13,400 Or is this? Market manipulation and. 33 00:01:13,400 --> 00:01:15,720 Should you be worried Today we're going to break this down 34 00:01:15,720 --> 00:01:17,880 simply to help you. Understand what's going on 35 00:01:17,880 --> 00:01:19,880 behind the scenes. This is not to cook with. 36 00:01:19,880 --> 00:01:21,600 Bitcoin simply. Let's go. 37 00:01:25,480 --> 00:01:27,040 It's a fact. Bitcoin dumps. 38 00:01:27,040 --> 00:01:28,320 At the. Open regularly. 39 00:01:28,320 --> 00:01:31,080 Consistently. And oddly. 2:00 to. 3%. 40 00:01:31,120 --> 00:01:32,280 In fact. Most of. 41 00:01:32,280 --> 00:01:35,040 Bitcoins gains happen after hours, after all. 42 00:01:35,320 --> 00:01:38,120 It only trades for 30. Percent of the time during 43 00:01:38,120 --> 00:01:41,400 normal market hours, but 70% of the time out of the market 44 00:01:41,400 --> 00:01:42,560 hours. So literally. 45 00:01:42,560 --> 00:01:44,520 If you just. Bought Bitcoin intraday? 46 00:01:44,600 --> 00:01:47,240 Well you're making less gains. And if you just waited till the 47 00:01:47,240 --> 00:01:48,280 market closed? And you bought? 48 00:01:48,280 --> 00:01:50,600 It after hours. Someone is even looking at 49 00:01:50,600 --> 00:01:52,800 opening an ETF to take advantage of this. 50 00:01:53,040 --> 00:01:56,120 The NGHT. Or Night Bitcoin ETF. 51 00:01:56,120 --> 00:01:58,360 Where it harvests the volatility that happens after. 52 00:01:58,360 --> 00:01:59,800 Hours. And this could just be. 53 00:01:59,800 --> 00:02:01,840 Market manipulation tactics from firms like. 54 00:02:01,840 --> 00:02:02,760 Jane St. Who? 55 00:02:02,760 --> 00:02:04,880 Like we said, have. Been manipulating markets in 56 00:02:04,880 --> 00:02:06,080 India. And other places. 57 00:02:06,080 --> 00:02:08,639 Across the world. And are starting to be fine in 58 00:02:08,639 --> 00:02:12,200 band for these same activities. This sort of market arbitrage 59 00:02:12,320 --> 00:02:14,080 has been. Happening behind closed doors 60 00:02:14,280 --> 00:02:16,320 and we don't have the. Tools as everyday retail 61 00:02:16,320 --> 00:02:18,480 investors to do this, but I recently watched a clip. 62 00:02:18,480 --> 00:02:21,240 From Samir Varma. A theoretical physicist turn 63 00:02:21,240 --> 00:02:23,040 hedge fund trader who. Talked about this. 64 00:02:23,040 --> 00:02:25,760 Same exact opportunity. That I think could be taking 65 00:02:25,760 --> 00:02:28,080 place in Bitcoin. Just from bigger players who 66 00:02:28,080 --> 00:02:29,440 have. Better access to capital. 67 00:02:29,680 --> 00:02:36,680 If you take, say, the S&P 500ETF SPY and you divide it up into 68 00:02:36,720 --> 00:02:40,800 its day, into its intraday return open to close and it's 69 00:02:40,800 --> 00:02:45,640 overnight return close to open, you will find that more than 70 00:02:45,640 --> 00:02:51,880 100% of the return of the SP Y takes place overnight, IE the 71 00:02:52,200 --> 00:02:55,040 the on average, the SP Y goes down during the day. 72 00:02:56,760 --> 00:02:58,000 Interesting. Yeah, exactly. 73 00:02:58,360 --> 00:03:01,720 But taking advantage of that is pretty difficult. 74 00:03:02,080 --> 00:03:04,560 And the reason is you can certainly buy, you know, market 75 00:03:04,560 --> 00:03:08,120 on open and then at least. Yeah, no, no, buy market and 76 00:03:08,120 --> 00:03:11,160 close, sell, market and open. You can do that, but there's 77 00:03:11,160 --> 00:03:12,520 only a limited amount that you can do. 78 00:03:13,120 --> 00:03:15,680 That's the first issue before you start to move the market too 79 00:03:15,680 --> 00:03:17,640 much. And the second is, of course, 80 00:03:17,800 --> 00:03:21,080 that you are then subject to. The reason it's positive, of 81 00:03:21,080 --> 00:03:23,280 course, is that you're getting paid for taking overnight risk. 82 00:03:26,320 --> 00:03:30,520 So that's that's an example of an edge that exists in the 83 00:03:30,520 --> 00:03:33,360 market that's pretty difficult to arbitrage and yet it's right 84 00:03:33,360 --> 00:03:34,800 there and you can see it in the data. 85 00:03:35,200 --> 00:03:37,280 Jeffrey Parks, former CIO at Bitwise. 86 00:03:37,280 --> 00:03:41,640 And now CIO at Pro Cap Financial has a different opinion about 87 00:03:41,640 --> 00:03:43,920 what might be going on. There's a divergent. 88 00:03:43,960 --> 00:03:47,520 In how much people are willing to pay or the premium for upside 89 00:03:47,520 --> 00:03:49,760 potential in Bitcoin? AKA the. 90 00:03:49,760 --> 00:03:52,000 Options and spot Bitcoin and when you. 91 00:03:52,000 --> 00:03:52,960 Couple this. With the fact. 92 00:03:52,960 --> 00:03:54,280 That OG. Bit corners aren't. 93 00:03:54,280 --> 00:03:56,600 Necessarily selling. All their Bitcoin that wouldn't 94 00:03:56,600 --> 00:03:58,400 account for the selling that we're seeing in the market. 95 00:03:58,600 --> 00:04:00,600 They're actually. Selling covered calls. 96 00:04:00,840 --> 00:04:03,400 Meaning they want to earn income on the Bitcoin that they've 97 00:04:03,400 --> 00:04:05,560 actually accumulated. Over the years. 98 00:04:05,600 --> 00:04:08,120 When they sell calls, that's downward pressure. 99 00:04:08,120 --> 00:04:10,600 It's monetization, but it also kills. 100 00:04:10,600 --> 00:04:12,800 Momentum market makers. On the other. 101 00:04:12,800 --> 00:04:15,440 Side have to hedge. This potential upside? 102 00:04:15,440 --> 00:04:17,079 Scenario. And this creates. 103 00:04:17,079 --> 00:04:19,079 What they call a. Reversion to the. 104 00:04:19,079 --> 00:04:21,000 Mean meaning. That if Bitcoin were to go. 105 00:04:21,000 --> 00:04:23,960 Too high, too fast or too low too fast? 106 00:04:24,080 --> 00:04:26,680 Well, the price would. Blow out, and so they. 107 00:04:26,680 --> 00:04:28,640 Hedge. When Bitcoin dips. 108 00:04:28,800 --> 00:04:30,720 They buy. When Bitcoin rips. 109 00:04:30,880 --> 00:04:32,360 Well, they. Sell to hedge. 110 00:04:32,360 --> 00:04:34,920 Their protection? And the options interest in I. 111 00:04:34,920 --> 00:04:37,320 Bit from Jeffrey. Parks article is absolutely 112 00:04:37,320 --> 00:04:39,000 massive. Almost 50 billion. 113 00:04:39,000 --> 00:04:42,480 Dollars, or half of the total. Assets under management in I. 114 00:04:42,480 --> 00:04:45,080 Bit total this means that a lot of price action that's. 115 00:04:45,080 --> 00:04:47,920 Happening in I bit in Bitcoin in general is being driven by 116 00:04:47,920 --> 00:04:50,000 options and not. Actually spot buying. 117 00:04:50,080 --> 00:04:52,240 That's one theory. Free market capitalism 118 00:04:52,240 --> 00:04:53,600 happening. It could be. 119 00:04:53,600 --> 00:04:55,120 Japan every time. Japan. 120 00:04:55,240 --> 00:04:56,200 Yikes. Rates well. 121 00:04:56,320 --> 00:04:58,080 Bitcoin sells off. This is called. 122 00:04:58,080 --> 00:05:00,480 The unwinding of the Japanese yen carry trade. 123 00:05:00,520 --> 00:05:02,880 For years, investors. Borrowed cheap yen and they 124 00:05:02,880 --> 00:05:04,920 plowed that into stocks, Bitcoin and other. 125 00:05:04,920 --> 00:05:06,880 Assets which inflated. The asset prices. 126 00:05:06,880 --> 00:05:09,400 When the. Cost of that capital goes up, 127 00:05:09,400 --> 00:05:10,760 they have to. Sell that yen. 128 00:05:10,840 --> 00:05:12,640 And unwind those. Leveraged positions. 129 00:05:12,880 --> 00:05:14,480 Meaning they then have to. Sell. 130 00:05:14,480 --> 00:05:17,680 Off the other assets to pay for their liabilities. 131 00:05:17,680 --> 00:05:19,800 In the yen and Bitcoin like. Always is. 132 00:05:19,800 --> 00:05:20,680 The first to. Be hit. 133 00:05:20,680 --> 00:05:23,400 In global markets, when things unwind or when things change. 134 00:05:23,520 --> 00:05:25,640 These are all short. Term things and what? 135 00:05:25,640 --> 00:05:26,920 You should. Understand as a long term 136 00:05:26,920 --> 00:05:29,200 Bitcoin investor is that these things shouldn't matter. 137 00:05:29,200 --> 00:05:31,360 What you should be thinking about are the long term 138 00:05:31,360 --> 00:05:33,640 structural. Advantages and opportunities 139 00:05:33,640 --> 00:05:35,000 that are being presented in the market. 140 00:05:35,320 --> 00:05:38,600 Listen to this clip from Coinbase CEO Brian Armstrong. 141 00:05:38,760 --> 00:05:41,040 About the structural changes. Happening in Bitcoin. 142 00:05:41,160 --> 00:05:43,000 Specifically with the US government. 143 00:05:43,120 --> 00:05:45,760 Is it fair to say the sophistication and the maturity 144 00:05:45,760 --> 00:05:49,640 of this market has really reached a more advanced stage 145 00:05:49,640 --> 00:05:52,480 now though people are more trusting in the trade ability of 146 00:05:52,480 --> 00:05:55,040 these assets? 100% and I'd like to think 147 00:05:55,040 --> 00:05:57,200 Coinbase has helped move that along a little bit over the last 148 00:05:57,200 --> 00:05:59,360 decade, but we're in a much better place. 149 00:05:59,360 --> 00:06:00,960 It's regulatory clarity emerging. 150 00:06:01,200 --> 00:06:03,120 I mean, the United States government has a strategic 151 00:06:03,120 --> 00:06:05,360 Bitcoin reserve now, right? Like what bigger kind of 152 00:06:05,360 --> 00:06:07,480 endorsement might you have of like this is here to stay? 153 00:06:07,840 --> 00:06:09,920 And then the largest financial institutions and fintech 154 00:06:09,920 --> 00:06:12,720 companies in the world are all integrating crypto in some way, 155 00:06:12,720 --> 00:06:15,280 shape or form, whether it's stablecoin payments or 156 00:06:15,280 --> 00:06:18,200 eventually they'll be raising money on chain, you know, doing 157 00:06:18,360 --> 00:06:21,640 corporate debt on chain. So I think at this point, crypto 158 00:06:21,640 --> 00:06:23,840 is here to stay. And we'll look back at 2025 is 159 00:06:23,840 --> 00:06:26,040 that year where the regulatory clarity finally happened? 160 00:06:26,120 --> 00:06:27,000 You also. Then have to. 161 00:06:27,000 --> 00:06:28,120 Listen. To what's happening. 162 00:06:28,120 --> 00:06:30,360 Behind the scenes. From this clip with Michael 163 00:06:30,360 --> 00:06:32,640 Saylor when he presented in the middle. 164 00:06:32,640 --> 00:06:34,640 East. To Bitcoiners and people looking 165 00:06:34,640 --> 00:06:36,200 to get into Bitcoin all across. The world. 166 00:06:36,440 --> 00:06:37,520 Why is? Bitcoin. 167 00:06:37,520 --> 00:06:42,480 Digital Capital. First of all, because Donald J 168 00:06:42,480 --> 00:06:48,760 Trump is the Bitcoin president. Donald J Trump says he is intent 169 00:06:48,760 --> 00:06:52,960 on making America the Bitcoin superpower, the crypto capital 170 00:06:52,960 --> 00:06:55,480 of the world, the leader in digital. 171 00:06:55,480 --> 00:06:58,520 Assets. And David Sachs, who works for 172 00:06:58,520 --> 00:07:03,840 him in March of 2025 this year said Bitcoin is special. 173 00:07:03,920 --> 00:07:06,320 Bitcoin. Is an asset without an issuer. 174 00:07:06,320 --> 00:07:09,840 It is the dominant digital commodity in the world. 175 00:07:10,240 --> 00:07:14,080 This administration designated Bitcoin as digital gold. 176 00:07:14,880 --> 00:07:16,800 And of course, it's not just the president. 177 00:07:17,640 --> 00:07:20,760 It's the vice president who I've met who said that. 178 00:07:21,040 --> 00:07:24,920 It's the secretary of Treasury who I've met who has said that. 179 00:07:25,240 --> 00:07:28,960 It is the head of the SEC who I've met who has said that. 180 00:07:29,360 --> 00:07:32,800 It is the head of National intelligence, Tulsi governed, 181 00:07:33,000 --> 00:07:36,560 who I've met who said that it's the head of commerce. 182 00:07:36,720 --> 00:07:39,720 A small business. Administration Kelly Loffler, 183 00:07:39,720 --> 00:07:43,560 who I've met, who said that it's Bill Pulte who runs the Federal 184 00:07:43,560 --> 00:07:48,200 Housing Administration and regulates 5 trillion or $6 185 00:07:48,200 --> 00:07:50,160 trillion of home. Mortgages. 186 00:07:50,520 --> 00:07:53,120 Who I've met who said that it's RFK. 187 00:07:54,040 --> 00:07:58,600 Who Who not that long ago wanted the US government to buy 4 188 00:07:58,600 --> 00:08:01,840 million Bitcoin? Who I've met who believes it, 189 00:08:02,280 --> 00:08:05,240 it's the incoming head of the CFTC, Mike Selig. 190 00:08:05,240 --> 00:08:09,000 It's David Sachs himself, the cryptos are and the bitcoins 191 00:08:09,000 --> 00:08:11,200 are. It's Howard Lutnick, the 192 00:08:11,200 --> 00:08:16,800 commerce Secretary, and it's Kash Patel, the head of the FBI. 193 00:08:17,120 --> 00:08:21,960 So you have a profound consensus amongst everyone running the 194 00:08:21,960 --> 00:08:25,840 United States. And the most important thing is 195 00:08:25,840 --> 00:08:29,200 that the United States is the most influential financial. 196 00:08:29,200 --> 00:08:31,040 Regulator in the world and whatever. 197 00:08:31,040 --> 00:08:35,120 The US banking system does and the US security market does, 198 00:08:35,520 --> 00:08:39,880 ripples through South America, it ripples through Africa, it 199 00:08:39,880 --> 00:08:42,919 ripples through Europe, it ripples through the Middle East. 200 00:08:42,919 --> 00:08:46,440 It goes to Canada, goes to Australia, it even goes to Hong 201 00:08:46,440 --> 00:08:49,720 Kong. Even the Chinese will copy what 202 00:08:49,720 --> 00:08:53,160 the US is doing. So it's very, very profound 203 00:08:53,160 --> 00:08:55,160 inflection. Every major. 204 00:08:55,160 --> 00:08:57,200 Official and appointed. Leader in the United States 205 00:08:57,200 --> 00:08:59,360 government is on board with. Bitcoin saying that. 206 00:08:59,360 --> 00:09:00,920 It's a unique. Asset with. 207 00:09:00,920 --> 00:09:02,640 Potential that we should capture and. 208 00:09:02,640 --> 00:09:04,880 Recognize in the United States. This clip is. 209 00:09:04,880 --> 00:09:07,240 Profound and if this doesn't cause you to be bullish on. 210 00:09:07,240 --> 00:09:08,640 Bitcoin, then I don't know what will. 211 00:09:08,720 --> 00:09:10,840 As we go any further as to why? These short term. 212 00:09:10,840 --> 00:09:12,280 Price. Movements should not matter to 213 00:09:12,280 --> 00:09:13,880 you and your long thesis in Bitcoin. 214 00:09:14,000 --> 00:09:15,640 Well, let's thank our sponsors, Lenin. 215 00:09:15,640 --> 00:09:18,760 Has been the leader in Bitcoin back alone since 2018, allowing 216 00:09:18,760 --> 00:09:21,000 you to unlock liquidity in your Bitcoin without selling your 217 00:09:21,000 --> 00:09:22,200 Bitcoin. Something we talked. 218 00:09:22,200 --> 00:09:24,880 About earlier in the episode. One of the ways you can do that 219 00:09:24,880 --> 00:09:27,160 is if you. Want a $1000 Fiat loan without 220 00:09:27,160 --> 00:09:29,400 getting a credit check? Or needing credit approval. 221 00:09:29,600 --> 00:09:30,560 Will. You post 2000. 222 00:09:30,560 --> 00:09:33,560 Dollars in Bitcoin collateral Your loan is funded in less than 223 00:09:33,560 --> 00:09:34,720 6. Hours typically. 224 00:09:34,880 --> 00:09:35,760 And it's because. Do. 225 00:09:35,760 --> 00:09:37,640 You have the Bitcoin, or don't you have the Bitcoin? 226 00:09:37,960 --> 00:09:40,480 Your Bitcoin is in. Held in cold storage in a wallet 227 00:09:40,480 --> 00:09:41,880 address that. You can see live. 228 00:09:41,880 --> 00:09:44,960 Direct in the platform and you can repay the loan at any point 229 00:09:44,960 --> 00:09:46,480 in time and when you. Want to? 230 00:09:46,480 --> 00:09:48,560 You just withdraw. That Bitcoin that you posted? 231 00:09:48,560 --> 00:09:50,000 Directly to your. Wallet I've done. 232 00:09:50,000 --> 00:09:51,280 This myself. It literally. 233 00:09:51,280 --> 00:09:53,360 Happens in hours. They've done this. 234 00:09:53,360 --> 00:09:55,760 For 9 billion. Dollars worth of loans to 10s of 235 00:09:55,760 --> 00:09:58,480 thousands of customers. Go to learn dot Lennon dot. 236 00:09:58,480 --> 00:10:00,480 AO slash. Simply to get started. 237 00:10:00,520 --> 00:10:01,960 One of the. Ways you can become sovereign. 238 00:10:01,960 --> 00:10:04,160 In your journey. Is by working with a coach to 239 00:10:04,160 --> 00:10:05,920 help. You to learn how to get your 240 00:10:05,920 --> 00:10:08,920 Bitcoin from exchanges. Remove your Bitcoin so that you 241 00:10:08,920 --> 00:10:11,280 have actual Bitcoin in cold. Storage. 242 00:10:11,440 --> 00:10:14,480 That you can verify and you can. Pass down to future generations. 243 00:10:14,800 --> 00:10:16,200 Get a coach from the Bitcoin Way. 244 00:10:16,520 --> 00:10:18,040 They'll walk you through how to do this step. 245 00:10:18,040 --> 00:10:20,160 By step, confidently. Safely and securely. 246 00:10:20,240 --> 00:10:23,240 Go to thebitcoinway.com/simply Bitcoin to get started. 247 00:10:23,280 --> 00:10:25,440 You've got credit spreads at all time types, you've got the 248 00:10:25,440 --> 00:10:29,000 reflation trade going on, I strongly believe PM. 249 00:10:29,040 --> 00:10:32,200 Is are going higher and. For me, that means that Bitcoin 250 00:10:32,200 --> 00:10:35,560 is just kind of whether it stays here between 85 and 92 for 251 00:10:35,560 --> 00:10:38,760 another couple weeks when we get into the beginning part of Next. 252 00:10:38,760 --> 00:10:41,520 Year I think we're going to see Bitcoin back above 100 and I 253 00:10:41,520 --> 00:10:44,000 think the surprise will be back to all time highs in the 1st. 254 00:10:44,000 --> 00:10:46,960 Quarter. Cody Visser has a theory as to 255 00:10:46,960 --> 00:10:49,400 why he believes. That we're stuck between 85 and 256 00:10:49,400 --> 00:10:51,840 92 K and what he. Sees for what's? 257 00:10:51,840 --> 00:10:54,560 Coming in Q1 of 2020. Six, he believes. 258 00:10:54,560 --> 00:10:57,200 That we're going to hit all time highs and I don't disagree with 259 00:10:57,200 --> 00:10:57,720 him. One of the. 260 00:10:57,720 --> 00:11:00,040 Reasons that long term you should be structurally bullish. 261 00:11:00,040 --> 00:11:02,960 On Bitcoin is because Bitcoin. Is digital gold. 262 00:11:03,000 --> 00:11:05,200 It is the. Digital version of a. 20th 263 00:11:05,200 --> 00:11:06,440 century. Asset that we. 264 00:11:06,440 --> 00:11:10,280 Used and relied upon for years in order to have checks and 265 00:11:10,280 --> 00:11:12,080 balances. In a system that is increasingly 266 00:11:12,080 --> 00:11:13,800 moving to Fiat, well. How do you? 267 00:11:13,800 --> 00:11:15,760 Have checks and balances in a digital world when? 268 00:11:15,760 --> 00:11:17,400 You can. Create Fiat dollars. 269 00:11:17,400 --> 00:11:21,000 At infinum by pressing a button. Well, you have a digital 270 00:11:21,000 --> 00:11:23,240 backstop or security. That can't be minted out of thin 271 00:11:23,240 --> 00:11:24,400 air that. Requires energy. 272 00:11:24,400 --> 00:11:27,040 To do so, which is. Bitcoin and This is why, 273 00:11:27,040 --> 00:11:27,920 Michael. Saylor says. 274 00:11:27,920 --> 00:11:31,120 That it will be. 10X1. 100 X larger than gold. 275 00:11:31,240 --> 00:11:32,720 Because we're not going back from. 276 00:11:32,800 --> 00:11:35,200 Digital to analog. Digital gold. 277 00:11:35,200 --> 00:11:38,480 It's going to accelerate the migration of capital from 278 00:11:38,480 --> 00:11:42,480 physical gold to digital gold. You know, Bitcoin lives in 279 00:11:42,480 --> 00:11:45,360 cyberspace. No tariffs in cyberspace. 280 00:11:45,720 --> 00:11:48,720 The big appeal of. Bitcoin is it's not physical, it 281 00:11:48,720 --> 00:11:52,080 doesn't have weight. You can settle anywhere with 282 00:11:52,080 --> 00:11:56,600 anybody in a few minutes. And so gold has always been too 283 00:11:56,600 --> 00:12:00,440 heavy, too slow, you know, and you can't really ship it across 284 00:12:00,440 --> 00:12:01,880 an ocean. And if you do, now you're 285 00:12:01,880 --> 00:12:04,440 getting tariffs. So I really think it just 286 00:12:04,440 --> 00:12:08,240 reminds everybody why the digital version of gold is 287 00:12:08,280 --> 00:12:10,840 better than the than actual physical gold. 288 00:12:10,880 --> 00:12:14,200 And, and I think it's going to catalyze a new wave of 289 00:12:14,200 --> 00:12:15,840 institutional adoption of Bitcoin. 290 00:12:17,240 --> 00:12:20,880 Bitcoin to emerge as the dominant digital monitoring 291 00:12:20,880 --> 00:12:22,880 network in the world, and it is the. 292 00:12:23,000 --> 00:12:26,080 The world's reserve capital, so. I think it'll grow from the 2 293 00:12:26,080 --> 00:12:30,840 trillion to 20 trillion to $200 trillion over the next 20 to 30 294 00:12:30,840 --> 00:12:33,040 years. I don't think gold will do that. 295 00:12:33,040 --> 00:12:35,720 I think that I think that Bitcoin will be 10X bigger than 296 00:12:35,720 --> 00:12:37,280 gold. One of the reasons why you 297 00:12:37,280 --> 00:12:38,280 should also be. Bullish on. 298 00:12:38,280 --> 00:12:40,360 Bitcoin is because. It helps us get out of debt 299 00:12:40,360 --> 00:12:42,440 slavery. John Adams has a great quote. 300 00:12:42,600 --> 00:12:43,400 There are two. Ways to? 301 00:12:43,400 --> 00:12:46,080 Enslave a country. One with the sword and another. 302 00:12:46,080 --> 00:12:48,200 With debt, we are a country laden with that. 303 00:12:48,640 --> 00:12:51,000 And one of the ways that you can get out of debt is by having 304 00:12:51,000 --> 00:12:52,360 assets. And increasing in. 305 00:12:52,360 --> 00:12:56,000 Productivity that outpaces. Your debt an asset that inflates 306 00:12:56,000 --> 00:12:56,960 faster. Than your money. 307 00:12:56,960 --> 00:12:59,240 Deflates you. Short the dollar whenever you 308 00:12:59,240 --> 00:13:02,160 take out the loan and you go long and whatever asset you put 309 00:13:02,160 --> 00:13:03,560 into. Whether that's real. 310 00:13:03,560 --> 00:13:05,400 Estate. Or in this case, Bitcoin, it's 311 00:13:05,400 --> 00:13:06,960 something that you. Should be considering. 312 00:13:07,000 --> 00:13:09,080 Regardless of whether. We're stuck at 90K at this 313 00:13:09,080 --> 00:13:09,920 moment. We won't be. 314 00:13:09,920 --> 00:13:11,760 Stuck here for forever. One of the ways you can. 315 00:13:11,760 --> 00:13:14,920 Continually grow in your Bitcoin stack in your Bitcoin journey is 316 00:13:14,920 --> 00:13:17,160 by continuing to accumulate Bitcoin 24. 317 00:13:17,160 --> 00:13:18,560 Hours a day. And you can do that through 318 00:13:18,640 --> 00:13:21,440 Bitcoin mining by working with a company like SAS Mining you. 319 00:13:21,440 --> 00:13:22,320 Buy a state. Of the art. 320 00:13:22,320 --> 00:13:23,840 Mining machine which they manage and they. 321 00:13:23,840 --> 00:13:25,400 Host with no middle men, No. Markup. 322 00:13:25,400 --> 00:13:27,200 SAS flow directly. To your wallet. 323 00:13:27,200 --> 00:13:30,040 You can get tax write offs by depreciating the assets. 324 00:13:30,040 --> 00:13:32,800 Themselves and. You also get SAS while you 325 00:13:32,800 --> 00:13:34,200 sleep, so. That you're earning Bitcoin 326 00:13:34,200 --> 00:13:36,680 after hours and not just when it's manipulated during market 327 00:13:36,680 --> 00:13:39,040 hours, which. We covered earlier go to the. 328 00:13:39,040 --> 00:13:40,320 QR. Code on the screen to get 329 00:13:40,320 --> 00:13:42,320 started with SAS mining. Thank you for joining in. 330 00:13:42,320 --> 00:13:44,160 Today, regardless of what happens. 331 00:13:44,160 --> 00:13:46,480 With Bitcoin, whether it's. Market manipulation. 332 00:13:46,480 --> 00:13:48,200 From Jane St. Whether it's. 333 00:13:48,760 --> 00:13:51,400 Options in Bitcoin OG selling. Cover calls. 334 00:13:51,560 --> 00:13:53,200 You should be. Structurally long term bullish 335 00:13:53,200 --> 00:13:53,880 on. Bitcoin. 336 00:13:53,880 --> 00:13:56,680 This is Dante Cook with Bitcoin. Simply happy stacking.