Are you sitting down? the US national debt just
crossed $37 trillion for the first time in history. the US
budget deficit is projected to hit 9% of GDP by 2034.
These are wartime levels. These are crisis levels.
And this is resuming. No recessions.
Deficits are the new normal as cities like Chicago are
budgeting a $211 million deficit from the jump.
The head of global macro at a $7 trillion asset manager just said
what we've been feeling but haven't been able to articulate
visually with data. Nobody really wants to buy the
dollar. People are preferring gold, the
euro and the yen over the dollar in the US bonds.
Where have we heard this before? I.
Think in the intermediate term, nothing really stops this train.
I think this is kind of locked in for quite a while and it's
not like calling for something major by next year or the year
after. But I do think that we are now
more structurally in this period where we can't necessarily
assume that the Ford sector is going to be buying a lot of our
treasuries. We can't assume that the private
sector is always ready to going to step in with reasonable
yields and even to the extent that they do, basically anyone
holding those is likely to get, you know, gradually devalued in
terms of their purchasing power over the next 5-10, fifteen
years. The world is gradually, then
suddenly, moving to a new standard, the Bitcoin standard.
As Lynn Alden says, nothing stops this train.
This is Dante Cook with Bitcoin. Simply, let's go.
Confidence in the US dollar is dropping faster than OKC players
looking for fouls in the NBA Finals.
And like refs, it's amazing that people still continue to buy
this crap, but more and more people are waking up to the
reality of a broken system 1 system.
The dollar system has an unlimited supply of dollars that
can be created. 30% of all dollars have been created in the
last five years, and the decisions to create more of them
are from unelected bureaucrats. Contrast this with Bitcoin.
There's a 21 million fixed supply cap.
There's only 5% more supply left to be mined or minted and it's a
decentralized system. What do you think is better?
People know this and they're rushing to buy Bitcoin and
that's why Bitwise CIO Matt Hogan says that there's going to
be 30X more demand for Bitcoin then there's going to be supply
this year. If you look at the supply demand
characteristics of Bitcoin right now, I hate to be really simple,
but the amount of new Bitcoin being produced next year is
164,250 and we think ETFs will buy half a million, corporations
will buy 350,000, and governments will buy between
somewhere between 0 and 2 million Bitcoin.
So far on a year to date basis through March 6, this is what's
happened. There's been 57,000 new Bitcoin
produced, ETFs have bought all of it and then corporations have
bought another 3X and I think governments have bought about
40,000 Bitcoin as well. More and more people are buying
and huddling and not selling as Bitcoin has continued to be over
100K for 43 consecutive days. Here's a cool stat, in 16 years
of bitcoins existence there have only been 16 days with prices
higher than today. Meaning that if you randomly
bought Bitcoin at anytime during that history, well you'd be up
99.4% of the time. And that's because there's more
than just individuals buying Bitcoin now, there's companies
like similar Scientific who just hired Joe Burnett.
Congrats Joe to head up their Bitcoin strategy saying that
they're going to buy and have 10,000 Bitcoin by the end of
2025, forty 2000 Bitcoin by the end of 2026 and 105,000 Bitcoin
by the end of 2027. These corporate buyers are
buyers, toddlers and not sellers as the buy to sell activity in
buys versus sells has been over 99 to 1.
And this isn't true for just corporations.
Individuals have been waking up to Bitcoin and the reality that
can have for them in their portfolios $11 trillion.
Asset manager BlackRock spills the tea on what they're seeing
from buying from individuals who are just waking up to the
reality of what Bitcoin can mean for them.
We enabled through those boring old capital markets, we enabled
people to have institutional quality, to have BlackRock
quality Bitcoin exposure. And that became the first, the
the fastest exchange traded funds to hit 30 billion, 40
billion, fifty billion, 60 billion, and last week, $70
billion.72 billion, $72 billion in assets.
I was going to say, but who's counting?
I guess he's counting more than we're counting $72 billion in
assets. And I think that proved how many
people wanted these exposures but actually wanted them within
their boring old whole portfolio of the capital markets.
So that was that bridge strategy in terms of enabling that
crossover between the two. And personally, I believe that's
still just getting started. An interesting fact about I bit
that I think is quite remarkable is that of the 25 largest ETFs
in the world, the youngest one aside from I bit is 12 years
old. I bit is 18 months old.
And I think that's a great demonstration to this ecosystem.
I also think it's a great demonstration to be candid.
Just everything in the world is happening faster.
Franklin Templeton, CEO, just echoed a similar sentiment.
Bitcoin is being incorporated into model portfolios, meaning
for every dollar that flows into these retirement accounts or
investment vehicles, well, they're automatically buying
Bitcoin. Right.
So the big move in the industry has been toward model portfolios
which bring together equity exposure, fixed income exposure
and alternative exposure. And and these crypto ETFs are
being used as a form of alternative exposure in these
model portfolios. So if I give my advisor $100 and
it has a 6% allocation to Bitcoin ETFs in it, $6 of that
$100 is going into Bitcoin ETFs every time I add money to that
account, right? So these model portfolios have
just been a gun to emerge from the leading financial players
like ourselves. And this is what is allowing the
wealth platforms to now start to really put that out in front of
their advisors. And this is just beginning.
And I firmly expect that over the next 18 months, you're going
to see more and more and more of these platforms add these
products. It's going to be automatic
allocations every time new money comes in, in part going to these
ETFs. And you're going to just see
demand continue to ramp up pretty dramatically, I think,
for at least the next two to five years.
And just like these two examples of people buying Bitcoin and not
selling it, well, you have the opportunity to join that crew.
But if you want liquidity from your Bitcoin, sort of like
everyone's always done with Helox in real estate, you don't
sell your house, you just unlock liquidity from that asset
without selling the asset. And you can do that with leaden,
the leader in Bitcoin back loan since 2018.
Get worthless Fiat dollars in your account in less than 24
hours by posting Bitcoin collateral.
It's pretty simple, fast and transparent is the name of the
game, which is why they have over 1005 star customer reviews.
They've never lost a single cent or set of customer money and
loan started just 12.4%. But for you, you can get .25%
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Simply, people are also also waking up to the reality that if
they leave their money on exchanges like I bid or Franklin
Templeton or these other platforms, well, it's likely to
get stolen or hacked. Case in point, 16 billion
passwords from Google, Apple and Facebook were just leaked.
And according to River, only 50% of Bitcoin is held in self
custody, which means there are trillions of dollars worth of
assets out there that people are leaving up to risk.
Case in point, hackers just hacked the largest Iranian
crypto exchange and simply destroyed $90 million worth of
people's assets. If this doesn't want to make you
schedule a meeting with the Bitcoin way, I don't know what
will. Schedule a free 30 minute
consultation with their team so this doesn't happen to you or
your assets. Confidently, safely and securely
remove your Bitcoin from third party exchanges and manage your
own private keys. But get a coach and don't do it
alone. Go to thebitcoinway.com/simply
Bitcoin to get started with a meeting.
The world is experiencing A regime change.
They're going from analog to digital, from physical space to
cyberspace, from controlled media to decentralized media of
the people. And This is why you see things
like Twitter CEO saying that they're not only going to have
peer-to-peer messaging, but peer-to-peer payments in a store
of value natively built into their platform.
Imminently, literally imminently could happen during this talk.
It's going to be. Unlimited.
Video right in the US we're. About to launch X Money?
You've seen the enhancements with.
X chat. For premium users off.
The charts capabilities, so think about what we're doing
instead of getting distracted by click bait noise you're thinking
about. More people.
Coming to the platform to spend more time to do more things.
You know soon you're going to be able to live.
Your whole financial life on the platform.
Peer-to-peer payments, Stored value.
Pay a creator, watch a paper. You know, pay-per-view.
I mean. Come on this we're talking about
what's next, not what stuff you talk about.
It's like a fantasy of the. Past so I wouldn't.
Be here spending jam packed five days if we didn't have
tremendous partners. Along with us, for you newbies
out there, this has actually been done in a decentralized
way, and that's Noster. But that's neither here nor
there. The signal is still pretty big.
the US has a debt problem and even media companies are
understanding that they have to remove themselves from the
existing systems of operations. The system cannot function
without more money being printed into the system.
Manipulation is the new normal. Fiscal irresponsibility is the
new standard. And they will continue to print
and print and print until the Fiat currency is worthless.
This is all unless you move to a Bitcoin standard.
Don't listen to Ricky Bobby's dad who said if you're not
first, you're last. There's still plenty of time to
get on board, but you don't want to miss the train when it leaves
the station. It's not too late, but we're
getting closer and closer to the moment of inevitability when one
Bitcoin will be the new American dream.
But that's for another episode. The Simply team is looking
forward to meeting you and reconnecting with you down in
Dallas, TX from November 11th through November 13th at the
Mining Disrupt conference. 20% of your tickets off, we're going
to hook you up by using the promo code Simply Bitcoin.
As always, thanks for locking in and hopefully you learn
something new. Subscribe to the channel if you
already haven't, this is Dante Cook with Bitcoin simply.
Happy stacking.