1 00:00:00,120 --> 00:00:03,400 July 4th is behind us, but we still might see some fireworks 2 00:00:03,400 --> 00:00:05,440 this Sunday. With Bitcoin potentially 3 00:00:05,440 --> 00:00:08,680 breaking through all time highs. No surprise it's sucking the 4 00:00:08,680 --> 00:00:11,400 capital out of everything. If it's. 5 00:00:12,480 --> 00:00:14,480 Ramping up in terms of its success. 6 00:00:14,480 --> 00:00:18,160 And let's say that that's exponential, because perhaps it 7 00:00:18,280 --> 00:00:21,320 might be. Why won't Bitcoin just suck the 8 00:00:21,600 --> 00:00:23,760 investment capital out of everything? 9 00:00:24,560 --> 00:00:28,000 It is and it will. That's why I'm here. 10 00:00:28,400 --> 00:00:32,080 Sailor knows the deal and continues to stack more corn for 11 00:00:32,080 --> 00:00:34,840 their treasury. I mean, he's only made a $28 12 00:00:34,840 --> 00:00:37,200 billion profit with this strategy, but who's counting? 13 00:00:37,360 --> 00:00:40,200 Even though MicroStrategy and others are seeing huge excess 14 00:00:40,200 --> 00:00:42,680 with the playbook playing out right in front of us, there's 15 00:00:42,680 --> 00:00:45,000 going to be people who are going to try to convince you to buy 16 00:00:45,000 --> 00:00:48,560 something else, some other token people like Peter Schiff. 17 00:00:48,760 --> 00:00:52,240 Americans are facing an affordability crisis and there's 18 00:00:52,240 --> 00:00:54,160 a life raft. If you're willing to get in, 19 00:00:54,400 --> 00:00:57,360 don't miss the greatest investment opportunity of this 20 00:00:57,360 --> 00:01:00,280 generation. But I guarantee you, even this 21 00:01:00,280 --> 00:01:05,319 cycle, as we break out to 150 KA, 175 K, people will still 22 00:01:05,319 --> 00:01:06,720 deny it. But not you. 23 00:01:07,040 --> 00:01:09,680 Lock in. This is Dante Koch with Bitcoin. 24 00:01:09,680 --> 00:01:16,480 Simply, let's go. There's a story about a man 25 00:01:16,480 --> 00:01:18,520 who's floating in the ocean because his boat sank. 26 00:01:18,800 --> 00:01:21,040 And a fishing boat comes by and he says, get in. 27 00:01:21,040 --> 00:01:24,320 And he's like, no, I believe in God, and God is going to save 28 00:01:24,320 --> 00:01:26,280 me. And then there's a cruise ship 29 00:01:26,400 --> 00:01:29,040 whose captain happens to see him out in the water, who stops, 30 00:01:29,280 --> 00:01:32,120 lowers the life raft and says, hey, get in, we're willing to 31 00:01:32,120 --> 00:01:35,160 take you ashore. And he goes, no, I'm OK, God's 32 00:01:35,160 --> 00:01:37,120 going to save me. And then when the cruise ship 33 00:01:37,120 --> 00:01:40,240 docked, they caught a helicopter who flew out and offered to pull 34 00:01:40,240 --> 00:01:43,200 the man on board the helicopter. And he said, no, I'm good. 35 00:01:43,200 --> 00:01:45,720 God's going to save me. He eventually gets eaten by 36 00:01:45,720 --> 00:01:49,280 sharks and then he sees God and he said God, why didn't you save 37 00:01:49,280 --> 00:01:51,680 me? And he says I sent 2 boats in a 38 00:01:51,680 --> 00:01:54,480 helicopter. And that's the same thing going 39 00:01:54,480 --> 00:01:56,960 on with most Genzi and millennials right now. 40 00:01:57,400 --> 00:02:00,520 Despite there being a life raft right in front of them, they 41 00:02:00,520 --> 00:02:02,440 think that something else is going to save them. 42 00:02:02,640 --> 00:02:06,240 In a recent survey done by Credit Karma, 77% of Americans 43 00:02:06,240 --> 00:02:09,440 say that they're not financially secure. 49% of Gen. 44 00:02:09,440 --> 00:02:13,200 Z says that the American dream is hopeless. 26% of Americans 45 00:02:13,200 --> 00:02:16,640 feel like they need 150K or more just to feel secure, and only 46 00:02:16,640 --> 00:02:19,680 29% believe the American dream is possible. 47 00:02:19,760 --> 00:02:23,200 One in four American adults have a side hustle and you would need 48 00:02:23,200 --> 00:02:28,960 to make $124,000 today and and 100,000 dollar salary in 2020. 49 00:02:29,080 --> 00:02:32,600 And in order to have the same buying power or salary as you 50 00:02:32,600 --> 00:02:37,240 had in 2020 at 100,000 you need to be making 124K today. 51 00:02:37,480 --> 00:02:40,400 And yet Bitcoin is still not interesting to most Americans. 52 00:02:40,400 --> 00:02:43,560 According to Google search trends, most millennials in Gen. 53 00:02:43,560 --> 00:02:46,480 Z can't afford a house, but Bitcoin's still not interesting. 54 00:02:46,640 --> 00:02:51,040 OK not to be a negative Nelly but what the actual is going on 55 00:02:51,040 --> 00:02:54,600 with housing prices? I live in Charlottesville and 56 00:02:54,600 --> 00:02:59,680 there are shithole ranchers that haven't been touched since the 57 00:02:59,680 --> 00:03:05,480 1970s that are 1.4 million. Make it make sense. 58 00:03:05,640 --> 00:03:08,440 Make it make sense. But the average American home 59 00:03:08,440 --> 00:03:11,880 cost you 46 Bitcoin in January of 2020, and it only cost you 60 00:03:11,880 --> 00:03:13,800 3.7 today. It's weird. 61 00:03:13,800 --> 00:03:16,960 There's this Internet dev guy named Satoshi Nakamoto who's 62 00:03:16,960 --> 00:03:20,600 about to pass Warren Buffett as the 10th richest man in the 63 00:03:20,600 --> 00:03:22,040 world. Probably nothing. 64 00:03:22,720 --> 00:03:25,240 There was this tiny country, one of the smallest in the world and 65 00:03:25,240 --> 00:03:27,560 one of the lowest and worst performing countries in terms of 66 00:03:27,560 --> 00:03:31,240 GDP just a few years ago that was riddled by poverty and gang 67 00:03:31,240 --> 00:03:32,680 violence. And yet they started buying this 68 00:03:32,680 --> 00:03:35,840 little orange coin called Bitcoin with these advisors, Max 69 00:03:35,840 --> 00:03:40,640 and Stacy, and somehow they've turned a $440 million profit. 70 00:03:40,920 --> 00:03:45,760 But I guarantee you, even with a life raft coming, 2 boats and a 71 00:03:45,760 --> 00:03:49,880 helicopter, well there's going to be people offering you to buy 72 00:03:49,960 --> 00:03:52,800 other tokens now that Bitcoin is ripping towards all time highs. 73 00:03:52,880 --> 00:03:56,760 People who supposedly have credibility like Peter Schiff. 74 00:03:57,000 --> 00:04:00,320 Check out this interview from Peter Schiff in 2022 and you'll 75 00:04:00,320 --> 00:04:04,600 see exactly what I mean. You can have the functionality 76 00:04:05,200 --> 00:04:11,520 of Bitcoin with gold, except better, cheaper, and faster 77 00:04:11,960 --> 00:04:18,959 because anybody can custody gold and if you want to tokenize it 78 00:04:19,320 --> 00:04:24,880 and issue tokens that represent ownership of that gold, you can 79 00:04:24,920 --> 00:04:29,200 buy the token, which means you own the gold, but you can 80 00:04:29,520 --> 00:04:34,800 transact in the token. So I can send tokens or receive 81 00:04:34,800 --> 00:04:38,920 tokens and I can buy goods and services or get paid for 82 00:04:38,920 --> 00:04:40,880 providing services or producing goods. 83 00:04:41,280 --> 00:04:44,080 I can be paid in gold, I can price my products in gold. 84 00:04:44,560 --> 00:04:49,360 And we can transact with each other instantaneously using our 85 00:04:49,360 --> 00:04:51,440 our cell phones or text messaging. 86 00:04:52,080 --> 00:04:53,520 And the gold doesn't have to go anywhere. 87 00:04:53,520 --> 00:04:57,160 The gold just sits at a vault and acts as a basis for all 88 00:04:57,160 --> 00:04:59,440 these transactions. The playbook is simple. 89 00:04:59,560 --> 00:05:02,120 Just buy Bitcoin. You get to Front Run Wall 90 00:05:02,120 --> 00:05:04,400 Street. When Wall Street is 10% of 91 00:05:04,400 --> 00:05:08,040 Bitcoin, Bitcoin will be at a million a coin, and that means 92 00:05:08,040 --> 00:05:13,280 they'll be nearly $20 trillion of not Wall Street money that 93 00:05:13,280 --> 00:05:17,400 will be sitting everywhere else in the rest of the world, in the 94 00:05:17,400 --> 00:05:20,320 rest of whatever right the energy. 95 00:05:20,440 --> 00:05:25,360 It's impossible for anybody to take over Bitcoin in a hostile 96 00:05:25,360 --> 00:05:27,680 way. Bitcoin is going to be more 97 00:05:27,680 --> 00:05:31,200 impactful than the Internet itself, and yet some people are 98 00:05:31,200 --> 00:05:34,080 still going to miss it. You can't see it today, but it 99 00:05:34,160 --> 00:05:36,520 is much more impactful than it then. 100 00:05:36,520 --> 00:05:38,920 It will be much more impactful than in the Internet. 101 00:05:38,920 --> 00:05:42,760 In fact, it's rebuilding than a new peer-to-peer Internet that 102 00:05:42,760 --> 00:05:45,400 puts us all as equals and we create value. 103 00:05:45,400 --> 00:05:49,000 And the more value we create, the the more prices fall for all 104 00:05:49,000 --> 00:05:52,960 of us on that that system. And it's an equalizer around 105 00:05:52,960 --> 00:05:56,400 nations. And so now you're not, as this 106 00:05:56,640 --> 00:06:01,480 expands, doesn't matter where you're born, to be able to plug 107 00:06:01,480 --> 00:06:06,080 into a system that effectively gets its life from enslaving 108 00:06:06,080 --> 00:06:08,240 other people. You are plugged into a global 109 00:06:08,240 --> 00:06:12,560 network of people contributing ideas that has been out to you. 110 00:06:12,560 --> 00:06:15,200 So it's it's a lot bigger, but it's early. 111 00:06:15,200 --> 00:06:18,120 Because you watch shows like Bitcoin simply and subscribe to 112 00:06:18,120 --> 00:06:20,520 this channel, you're not going to be one of those that sell 113 00:06:20,520 --> 00:06:21,960 your corn. You're going to be one of the 114 00:06:21,960 --> 00:06:25,960 people that borrow against your corn, if at all, in order to not 115 00:06:25,960 --> 00:06:28,400 sell your Bitcoin. And that's exactly what Leaden 116 00:06:28,400 --> 00:06:29,800 does. They allow you to unlock liquid 117 00:06:29,800 --> 00:06:31,640 it in your Bitcoin without selling your Bitcoin. 118 00:06:31,640 --> 00:06:34,240 They've issued over $9 billion worth of loans to 10s of 119 00:06:34,240 --> 00:06:37,480 thousands of customers and have over 1005 star customer reviews. 120 00:06:37,560 --> 00:06:39,760 They were the first digital lender to do a proof of reserves 121 00:06:39,760 --> 00:06:41,680 to show that they have the Bitcoin that they say that they 122 00:06:41,680 --> 00:06:44,040 do. And the process is very simple, 123 00:06:44,040 --> 00:06:46,920 fast and transparent. Get funded in less than 24 124 00:06:46,920 --> 00:06:49,680 hours. Loans started just 12.4%, but 125 00:06:49,680 --> 00:06:53,080 you can get .25% off your first loan by going to learn dot 126 00:06:53,080 --> 00:06:56,240 letting dot AO slash. Simply, other people are wising 127 00:06:56,240 --> 00:06:58,240 up like they did with gold. They had gold and vaults. 128 00:06:58,240 --> 00:06:59,680 They have gold buried everywhere. 129 00:06:59,760 --> 00:07:01,920 Well, you don't have to do all of that digging. 130 00:07:02,000 --> 00:07:04,920 You can just learn how to safely, confidently and properly 131 00:07:04,920 --> 00:07:08,600 secure your Bitcoin by removing it from third party exchanges in 132 00:07:08,840 --> 00:07:10,960 protecting your generation to walk the right way. 133 00:07:11,320 --> 00:07:13,880 But don't do it alone. Get a coach. 134 00:07:14,080 --> 00:07:17,680 Go to thebitcoinway.com/simply Bitcoin to get started with 135 00:07:17,680 --> 00:07:19,520 yourself. Custody journey in Bitcoin. 136 00:07:19,640 --> 00:07:22,880 Bitcoiners are having their time in the sun right now for sure, 137 00:07:23,200 --> 00:07:27,280 but believe me, 10/11/12, thirteen years ago they were 138 00:07:27,280 --> 00:07:30,200 saying all of the things that are happening right now and 139 00:07:30,200 --> 00:07:32,680 people didn't believe them. Check out this interview with 140 00:07:32,680 --> 00:07:37,120 TER Domester in 2013 where you can actually see people walking 141 00:07:37,120 --> 00:07:40,040 out of his presentation, but everything that he said is 142 00:07:40,040 --> 00:07:43,000 coming true today. Going to make Bitcoin big and 143 00:07:43,000 --> 00:07:45,400 boring so that the majority can start accepting it. 144 00:07:45,800 --> 00:07:48,480 So that's why I think we are right there we have a long way 145 00:07:48,480 --> 00:07:51,800 to go in the growth of Bitcoin and let's now take a look at 146 00:07:51,800 --> 00:07:57,480 some possible future valuations. Global hedge funds for example, 147 00:07:57,480 --> 00:08:00,480 they have around 2.3 million trillion dollars, excuse me, 148 00:08:00,480 --> 00:08:03,640 under management, a part of which is cash. 149 00:08:03,680 --> 00:08:07,760 So we can imagine they might diversify just 1% into Bitcoin. 150 00:08:07,760 --> 00:08:10,640 Should that happen, according to my calculations, the Bitcoin 151 00:08:10,640 --> 00:08:16,160 price should rise to over $1000. For one Bitcoin Argentina, 152 00:08:16,160 --> 00:08:21,480 there's about $50 billion worth of paper money circulating, and 153 00:08:21,480 --> 00:08:24,120 I do mean dollars. So greenbacks circulating in 154 00:08:24,120 --> 00:08:26,320 Argentina. Should the Argentines one day 155 00:08:26,320 --> 00:08:30,880 decide, or maybe overtime decide to switch that into Bitcoin, 156 00:08:31,120 --> 00:08:36,280 Bitcoin prices will rise to rise to over $2000 per Bitcoin Gold 157 00:08:36,280 --> 00:08:38,720 bugs. Gold is money, but Bitcoin is 158 00:08:38,720 --> 00:08:41,840 money too, and it has some interesting characteristics. 159 00:08:42,080 --> 00:08:45,840 So maybe in the future, people that own gold today might want 160 00:08:45,840 --> 00:08:50,480 to divest just 1% into Bitcoin, in which case weekly prices rise 161 00:08:50,480 --> 00:08:55,880 to over $3500 for a Bitcoin. And then if we've arrived there, 162 00:08:55,880 --> 00:08:58,280 I mean, why wouldn't it just keep continuing? 163 00:08:58,280 --> 00:09:00,880 I don't see why not because the more people get involved, the 164 00:09:00,880 --> 00:09:03,880 stronger the network becomes, the more entrepreneurs that are 165 00:09:03,880 --> 00:09:06,680 there to make things very easy so that even grandmothers can 166 00:09:06,680 --> 00:09:12,640 start using it, etcetera. So let's continue our possible 167 00:09:12,640 --> 00:09:15,200 projections. We know that the global shadow 168 00:09:15,200 --> 00:09:18,560 economy, for example, has a size of around $15 trillion. 169 00:09:18,560 --> 00:09:21,960 This is 2012. If we assume that the volume of 170 00:09:21,960 --> 00:09:24,800 Bitcoin today would rise to something equal to that of the 171 00:09:24,800 --> 00:09:27,400 shadow economy. So basically people would the 172 00:09:27,400 --> 00:09:30,000 black market would become a Bitcoin based or a 173 00:09:30,000 --> 00:09:31,400 cryptocurrency based black market. 174 00:09:31,760 --> 00:09:34,880 And if I assume then that the Bitcoin price would rise equally 175 00:09:34,880 --> 00:09:38,640 so which we can talk about whether that's a good idea, then 176 00:09:38,640 --> 00:09:43,360 Bitcoin prices would rise to around $160,000 for a Bitcoin. 177 00:09:44,840 --> 00:09:47,480 Should Bitcoin become actually become the new gold? 178 00:09:47,480 --> 00:09:50,360 People talk about Bitcoin like gold 2 point O the new gold. 179 00:09:51,200 --> 00:09:55,080 They actually use that phrase quite loosely these days. 180 00:09:56,000 --> 00:09:59,400 If if this really is the case, we know that there's around 181 00:09:59,400 --> 00:10:02,480 155,000 tons of above ground gold. 182 00:10:02,600 --> 00:10:05,080 These are the most conservative estimates I could find. 183 00:10:05,080 --> 00:10:09,480 The James Tirk estimates and multiply that with the gold 184 00:10:09,480 --> 00:10:13,760 price, total valuation is around $7.2 trillion. 185 00:10:14,120 --> 00:10:17,880 So if Bitcoin really does become the new gold one, Bitcoin should 186 00:10:17,880 --> 00:10:22,640 be worth around $340,000. I mean imagine the implication 187 00:10:22,640 --> 00:10:26,040 you own 3 bitcoins today and that makes you a millionaire. 188 00:10:26,120 --> 00:10:29,480 Tomorrow you own 3000 bitcoins and you're on your way to become 189 00:10:29,480 --> 00:10:31,840 a billionaire. I mean, so you can see the kind 190 00:10:31,840 --> 00:10:34,360 of risk reward ratio we are talking about. 191 00:10:34,760 --> 00:10:36,680 Hedge funds are allocating to Bitcoin. 192 00:10:37,200 --> 00:10:41,840 Check, Bitcoin is demonetizing gold, but it's still not the 193 00:10:41,840 --> 00:10:43,320 world reserve currency of the world. 194 00:10:43,600 --> 00:10:45,720 And that's fine. We've got a long time before 195 00:10:45,720 --> 00:10:48,240 that happens, but that still doesn't mean it's not the 196 00:10:48,240 --> 00:10:51,080 greatest investment opportunity of this generation. 197 00:10:51,280 --> 00:10:54,120 He didn't predict that hundreds of companies like Micro Strategy 198 00:10:54,120 --> 00:10:57,080 will continue to buy Bitcoin on the daily in the weekly. 199 00:10:57,480 --> 00:11:00,160 He didn't predict that you'd be able to buy Bitcoin in products 200 00:11:00,160 --> 00:11:03,520 like I bet through ETFs. He probably didn't predict that 201 00:11:03,520 --> 00:11:06,720 howlers will continue to be stacking and not selling. 202 00:11:06,840 --> 00:11:09,720 Don't overcomplicate the trade. Get on the raft. 203 00:11:09,880 --> 00:11:12,840 Don't miss out on the greatest investment opportunity of this 204 00:11:12,840 --> 00:11:14,840 generation. This is Dante Cook with Bitcoin 205 00:11:14,840 --> 00:11:18,600 Simply Happy stacking. Oh, but before you go, don't 206 00:11:18,600 --> 00:11:21,480 forget you get an opportunity to hang out with the Bitcoin Simply 207 00:11:21,480 --> 00:11:24,320 team by coming down to Dallas, TX for the Mining Disrupt 208 00:11:24,320 --> 00:11:26,920 conference from November 11th through November 13th. 209 00:11:27,080 --> 00:11:30,720 Get 20% off your ticket by using the promo code Simply Bitcoin. 210 00:11:31,000 --> 00:11:33,520 You won't want to miss it. We're out.