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What the heck is going on? 
Why is Bitcoin below 80 K after 

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a 40% drawdown, which is its 
biggest since 2022? 

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Why do some believe that it's 
going to get worse? 

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With prediction markets calling 
for 59 K Bitcoin this year, 

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something big is happening under
the surface. 

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We just saw the Bitcoin mining 
adjustment adjust down by more 

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than 3% and projected to go down
by almost 15% in six days. 

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This means that someone in the 
Bitcoin mining world is even 

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blowing up. 
Is it because the market is 

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spooked by Kevin Wash, the new 
Fed chair, shrinking the Fed 

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balance sheet? 
Is it because of the fact that 

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Epstein emails show that Elise 
have been trying to suppress 

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Bitcoin since 2011 and maybe now
they're able to do it? 

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Is it because a $1 billion 
Bitcoin position was liquidated 

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in 5 minutes? 
Or is it because we're living 

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through the repricing of all 
assets in light of a global 

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monetary reset in less than 15 
minutes? 

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I'm going to highlight what 
Bitcoin is collapsing and play a

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clip from an exclusive Simply 
Bitcoin interview with Jack 

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Mahlers, who shows us exactly 
what's happening right now and 

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why you need to pay attention. 
This is Dante Cook with Bitcoin.

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Simply let's go. 
Bitcoiners are shocked right 

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now. 
On Friday they thought Kevin 

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Wash, the first Bitcoin Fed 
chair, was going to send Bitcoin

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prices up. 
Kevin even owns 9 Bitcoin 

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himself. 
Instead of calls of 

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congratulations from the homies 
with the price ripping, you were

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getting margin call and you 
thought your 10K margin call was

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bad. 
Well what about the dude that 

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got liquidated for $1 billion on
Friday which sent Bitcoin prices

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off a Cliff? 
We even dipped below 78 K. 

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The Bitcoin market is in shame 
right now. 

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Bitcoiners are fighting for 
their lives like Leonardo 

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DiCaprio in The Revenant right 
now with bears mauling us to 

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oblivion. 
Bears like Peter Schiff who are 

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getting active right now. 
He's highlighting the decline in

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Bitcoin, which is down 40% from 
all time highs. 

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But he's also neglecting the 
fact that silver was down by 

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over 30% on Friday, the largest 
drawdown in a single day in 75 

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years in gold. 
Oh yeah, it was down by 15%. 

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That's $4 trillion. 
Something bigger than just 

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normal market moves is happening
right now. 

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So here's my first thought on 
why the market is imploding. 

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It's reacting to the news of 
Kevin Wash. 

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People are going back and 
playing old clips from him 

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talking about his stance on the 
Fed balance sheet being way too 

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big. 
And they're being spooked by it 

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because the market has been ran 
by central banks over the past 

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40 and 50 years. 
As they print money, asset 

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prices go up. 
But that's not the new regime 

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that he's signalling based on 
his past history and policy 

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thoughts. 
Listen to this clip and 

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understand exactly why the 
market was spooked. 

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It's. 
In the room, it hasn't been that

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big of a deal. 
We know it when we go to the 

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grocery store. 
We also own financial assets. 

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Maybe we own some Bitcoin. 52% 
of our fellow Americans own no 

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financial assets. 
They don't have equity in their 

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house. 
They don't have an account at 

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Schwab. 
They don't have an account at 

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Coinbase. 
They're living off their W2 

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income. 
And this surge in prices have 

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destroyed them. 
It's the most regressive tax any

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government could ever come up 
with. 

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Imagine if we had a central bank
that had been deadly focused on 

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that. 
I think we wouldn't have taken a

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divided country, made it more 
divided. 

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When we have a big balance 
sheet, we're asking for the 

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inflation that came. 
And as a final point, my own 

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judgement is the story that I 
hear from many of my peers was 

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the inflation. 
Well, that's not really the 

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central bank's fault. 
That's because of Putin and the 

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pandemic. 
Nonsense. 

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A change in prices happens in a 
market economy because of shocks

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in the world. 
Changes in prices happen every 

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day. 
That's not what inflation is. 

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Inflation is when that change in
prices become embedded. 

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It's 2nd and 3rd order effects 
and that's what's been the 

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biggest harm to the country. 
My recommendation is a smaller 

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balance sheet takes the Fed back
to a a, a more manageable size, 

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a more serious job. 
And interestingly, if you can 

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have a smaller balance sheet, 
you can have lower interest 

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rates back to you. 
How much smaller? 

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So when I joined the Fed, 
balance sheet was about $880 

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billion, included a bunch of 
foreign currencies. 

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We do need some balance sheet to
take to do our underlying 

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business, to help run the 
Treasuries, to help be a good 

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counterparty to the rest of the 
central banks in the world. 

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The economy has obviously grown 
since then. 

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I wouldn't want to put a precise
number on it, but right now the 

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Fed balance sheet is about $7 
trillion. 

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They are participating in almost
every banking market almost 

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every day. 
The world has come to rely on 

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the central bank's massive 
imprimatur. 

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I would say it is trillions 
larger than it needs to be. 

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We can't make this change 
overnight, but if markets knew 

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that our objective was to get to
a balance sheet that was as 

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riskless as possible and as 
small as possible, and we would 

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get there in due time and with a
strategy, I think markets and 

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market participants could well 
adjust to it. 

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The central bank could then be a
powerful central bank, but a 

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more limited 1 and I would argue
wouldn't find its way in harm's 

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way politically or economically.
Let me tell you why this is the 

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wrong take. 
People think that the Fed's 

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balance sheet getting smaller 
means the US is no longer pro 

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growth. 
They're going to cut interest 

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rates. 
That is a fact. 

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But what they're doing is 
they're shifting power from the 

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Fed to the Treasury. 
Scott Beson is going to have 

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more power than he's ever had, 
which is what it's been like in 

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more parts of history. 
Think about Alexander Hamilton, 

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Lower interest rates are going 
to facilitate higher growth, 

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which is actually good for 
Bitcoin. 

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And analysts out there has 
actually predicted that bitcoins

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price movement actually aligns 
with the economic and business 

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growth. 
As the PMI goes up or the 

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business cycle goes up, well, so
does Bitcoin and this 

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administration is pro growth. 
This chart the correlation 

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between Bitcoin and M2 money 
supply growth has been the Bible

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for bitcoiners and investors for
the past decade, But I believe 

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that this is no longer the case 
because central banks are no 

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longer mainly the US central 
bank is no longer going to be 

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printing money the same way that
it has in past decades. 

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The deficit has gotten out of 
order and inflation will rise if

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we do that, making the 
affordability crisis in the 

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United States that much worse 
for everyone in the middle 

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class. 
And the United States is pulling

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out of the global sugar daddy 
roll. 

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Treasuries will have to defend 
their own currencies on their 

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own, and that's why they're 
buying hard assets like gold and

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silver. 
But here's the gangster move 

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that the US is doing that no one
is still paying attention to. 

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They're building a new global 
banking reserve through the form

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of Tether, and it's happening 
right in front of our eyes. 

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Tether just released our Q4 
attestation, which showed that 

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they had over $10 billion in 
profits and they have over $141 

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billion in United States 
Treasuries. 

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They are the fastest growing 
central bank in the world that 

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is not a central bank. 
They there are the people 

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backing the United States 
Treasury apparatus, not other 

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global central banks anymore. 
They're shrinking the Fed's role

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and increasing the Treasury's 
role. 

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And they are going to roll these
assets into hard assets like 

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Bitcoin, which is just a 1 1/2 
trillion dollar asset class. 

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And this is all part of a larger
theme. 

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And I'm going to show you 
exactly what's going on. 

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And I think Jack Mahlers hits 
this on the head in an exclusive

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interview between Nikko and Jack
Mahlers at the Plan B conference

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earlier this year. 
You have to understand where 

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Bitcoin is at in this monetary 
cycle and what's happening in 

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00:07:09,600 --> 00:07:12,000
the larger picture. 
But before we get to that, let's

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thank our sponsors. 
Lenin has been the leader in 

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You're allowed to borrow up to 
50% loan the value of the 

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Bitcoin you post onto the 
platform, and that's why they 

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00:07:24,560 --> 00:07:26,720
can lend so fast. 
You either have the Bitcoin or 

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you don't. 
Fiat will land in your account 

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in less than six hours. 
Application takes just two 

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00:07:31,000 --> 00:07:32,880
minutes. 
They never lost a single cent or

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set of customer money because 
they put your Bitcoin in a cold 

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storage wallet that you can see 
directly in the in the 

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00:07:38,240 --> 00:07:41,040
dashboard. 
Loan started just 12.4% and half

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00:07:41,040 --> 00:07:43,960
of what you will with a credit 
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go to learn dot LED and dot AO 
slash simply to get started. 

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One of the ways you can avoid 
this monetary collapse coming up

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is by ensuring that your assets 
are removed from the system. 

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The way that you can do that is 
you can become your own bank, 

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you can run a node, you can do 
it securely, privately, and 

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00:07:57,400 --> 00:07:59,520
confidently. 
But you need the help of an 

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00:07:59,520 --> 00:08:02,440
expert to do this the right way.
And that's why we partnered with

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00:08:02,440 --> 00:08:04,560
The Bitcoin Way to help you 
remove your Bitcoin from 

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00:08:04,560 --> 00:08:07,760
exchanges, to run a node, to do 
so privately, and to hold your 

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00:08:07,760 --> 00:08:10,320
private the key so that if and 
when the system collapses, 

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you're ready and you're 
prepared. 

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00:08:11,680 --> 00:08:15,320
Go to thebitcoinway.com/simply 
Bitcoin to have a meeting with 

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an expert to walk you through 
what this means and how you can 

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do this properly. 
And here's the clip we've all 

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been waiting for. 
So, you know, call it for round 

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numbers. 100 years ago, we 
entered A monetary standard 

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built on top of the US dollar. 
So Bretton Woods, almost 100 

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years ago. 
And the idea was after the world

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wars, the world is utterly and 
completely destroyed, right? 

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There's never been more human 
destruction and just general 

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destruction globally than the 
World wars. 

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And so the United States. 
And listen, history is written 

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by the victors. 
I'm 31, I have no fucking idea 

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what actually happened, but I 
can only recite what I was told.

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OK, so that's my disclaimer. 
But Bretton Woods was the United

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States saying, hey, we have the 
strongest economy, the strongest

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manufacturing base. 
If there was a winner in the 

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global destruction of the World 
War, it was us. 

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And we want to help the world 
build back better. 

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So we have all the world's gold.
We have all the world's 

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productivity and the strongest 
economy. 

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How can we export our strength 
to the rest of the world? 

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Japan, Europe, Eastern Asia, all
destroyed. 

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And so they said, well, we will 
export the dollar, our currency.

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That's the way of us exporting 
our strength, OK? 

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And the rest of the world can 
produce stuff for us. 

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And so we will stop producing so
much domestically and locally. 

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And yes, it will harm our 
domestic production, our 

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economy. 
It surely will hollow out some 

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of the industrial base 
internally in the United States.

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But it's in an effort to help 
everyone around the world get up

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off their feet. 
And that was the new global 

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order at the time to help a post
World War 2. 

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And it was a very simple 
agreement. the US would simply 

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print more dollars than they 
earn and ship them out all over 

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the world and import stuff, 
food, electronics, production 

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materials, everything that we 
consume. 

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So I consume as an American. 
OK. 

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I would say that the world is 
now back on its feet. 

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And unfortunately, what comes 
with that agreement is the 

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United States has to run 
persistent deficits. 

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What comes with that is a 
tremendous amount of debt. 

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And eventually you run into a 
dead end where you have $38 

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trillion worth of debt. 
Nobody wants to own your 

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sovereign debt anymore. 
And So what we're seeing is a 

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new monetary reordering where 
the what we know as Fiat 

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currency is dying before our 
eyes. 

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00:10:51,600 --> 00:10:54,160
Now you have to ask yourself 
very practical questions. 

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These sovereign debt markets, 
these nation state treasury 

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markets, they're 10s of 
trillions of dollars in size. 

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OK, Bitcoin is 1 1/2 trillion 
dollars in size. 

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00:11:06,280 --> 00:11:09,640
To give you guys context, 
China's trade surplus last year 

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was over a trillion dollars. 
So if China simply just tried to

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pour in their productivity from 
the calendar year 2025, they 

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00:11:17,800 --> 00:11:20,440
would have ruined the Bitcoin 
market entirely. 

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They almost made more money in 
2025 than Bitcoins entire market

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cap. 
And So what is an asset? 

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A neutral asset that gives you 
relative property rights that 

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can absorb the size of sovereign
debt as we transition. 

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And the answer is gold. 
Now, do I think gold is going to

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solve the world's problems? 
In fact, I know gold's not going

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to solve the world's problems 
because it already failed at 

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solving the world's problems. 
And we haven't made gold anymore

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decentralized any faster, any 
lighter. 

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It hasn't gotten any smart 
contract capabilities. 

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I can't submit a pull request to
the gold repository on GitHub. 

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So I already know gold is going 
to fail at this role. 

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But it's the only instrument 
that has the relative size to 

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help a Russia, a China. 
I mean, the United States is, is

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very open right now that it is 
US. 

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First, globalism is dead. 
We don't care about you more 

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than us anymore. 
And we are willing to violate 

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your property rights in order to
do what we think is important 

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for us. 
Oh, your country is Venezuela? 

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Not anymore. 
Oh, you have Greenland? 

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Not anymore. 
Oh, Russia, you have reserves 

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with us, Not anymore. 
And so countries need to find 

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something that can grow to $50 
trillion in size in a, in a 

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reasonably painless way that, 
sorry, this is the long man. 

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That's what's happening with 
gold. 

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And as a Bitcoiner, I'm OK with 
that. 

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Listen, I wish this was 
happening when Bitcoin was 

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ready, but it's not Bitcoins the
size of Tesla. 

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So I've consistently thought 
today where we are right now, 

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not where I think the world is 
going, not where I hope the 

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world is going today. 
Bitcoin is some combination of 

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technology plus Fiat liquidity. 
The Fiat liquidity piece makes 

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it debasement trade esque it is.
It is very expressionist of 

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currency debasement. 
It tracks USD liquidity almost 

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00:13:24,040 --> 00:13:27,280
to AT, which means when dollars 
get tight, it goes down. 

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When dollars get abundant, it 
goes up. 

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But there's also a technology 
piece to it. 

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It does trade like a tech stock.
It's the size of big tech. 

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It trades like monetary big 
tech, like as if big tech 

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invented better money. 
And that's where we are right 

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now. 
And so I think gold front runs 

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liquidity. 
If you look at U.S. dollar 

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liquidity, it's actually going 
down right now. 

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It markets are getting tight, 
OK. 

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And so I think Bitcoin will 
respond to the inevitable 

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liquidity that's coming during 
this monetary regime change. 

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And gold is front running it 
because it's the only neutral 

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tool available for sovereign 
nations to reorganize themselves

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at the scale required. 
Here's where we are in the 

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process. 
Here's what's happening on the 

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global scale and what's been 
happening the last 80 years. 

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Bitcoin is at the beginning of a
new monetary revolution. 

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Bitcoin is the size of Tesla 
right now. 

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It trades like a tech stock, but
it is going to be the future 

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absorber of global liquidity. 
And what's happening with gold 

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00:14:27,280 --> 00:14:30,680
and silver is actually a good 
leading indicator that people 

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00:14:30,680 --> 00:14:33,880
all over the world, it's not 
just us on podcasts and Twitter 

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00:14:33,880 --> 00:14:36,520
and everywhere else, do not 
believe in Fiat currencies 

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00:14:36,520 --> 00:14:39,240
moving forward. 
Otherwise, gold and silver would

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not be ripping the way that they
are. 

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00:14:40,880 --> 00:14:44,520
Their $8 trillion asset class, 
$35 trillion asset class that is

291
00:14:44,520 --> 00:14:47,720
doubled overnight, which means 
that Bitcoin can double in a 

292
00:14:47,720 --> 00:14:50,160
blink of an eye. 
The global flows that will move 

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00:14:50,240 --> 00:14:53,120
when the system collapses on 
itself and trust is no longer 

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00:14:53,120 --> 00:14:56,640
abetted in the digital economy 
is going to be massive. 

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00:14:57,000 --> 00:14:58,720
You don't understand the moves 
that are going to happen in 

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00:14:58,720 --> 00:15:00,840
Bitcoin. 
So it going from a $1 trillion 

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00:15:00,840 --> 00:15:04,520
asset to a $10 trillion asset 
class is more likely than you 

298
00:15:04,520 --> 00:15:06,760
think. 
We are in the early stages of 

299
00:15:06,760 --> 00:15:09,640
the reset that's happening 
globally and Tether is a 

300
00:15:09,640 --> 00:15:13,520
signpost into the new digital 
world and the digital sovereign 

301
00:15:13,520 --> 00:15:16,560
central bank that we're moving 
into invested in Warsh, know 

302
00:15:16,560 --> 00:15:18,320
what's happening. 
They're going to let the old 

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00:15:18,320 --> 00:15:21,080
system meltdown and they're 
building a new system behind 

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00:15:21,080 --> 00:15:23,800
closed doors. 
The question is, do you have 

305
00:15:23,800 --> 00:15:26,640
this sort of resolve that's 
going to be able to allow you to

306
00:15:27,000 --> 00:15:29,880
experience the gains that happen
when this does, or are you going

307
00:15:29,880 --> 00:15:32,440
to be a short term thinker? 
This is Dante Coke with Bitcoin 

308
00:15:32,440 --> 00:15:35,040
simply and one of the ways that 
you can get into Bitcoin mining 

309
00:15:35,040 --> 00:15:36,760
right now. 
Even though the big miners are 

310
00:15:36,760 --> 00:15:39,840
capitulating, this is a great 
opportunity for individual 

311
00:15:39,840 --> 00:15:43,080
miners because you're able to 
earn more profits per the 

312
00:15:43,080 --> 00:15:45,840
Bitcoin that you have or the 
Bitcoin mining equipment that 

313
00:15:45,840 --> 00:15:49,720
you put into the network because
the mining difficulty is going 

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00:15:49,720 --> 00:15:52,400
down, which means there are less
miners for you to compete with. 

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00:15:52,520 --> 00:15:54,400
Well, you don't have to worry 
about any of that. 

316
00:15:54,600 --> 00:15:56,480
Just send your money to SAS 
Mining. 

317
00:15:56,520 --> 00:15:58,960
They'll set up have a mining rig
in exchange and have stats 

318
00:15:58,960 --> 00:16:01,760
flowing directly to your wallet.
There's all sorts of benefits 

319
00:16:01,760 --> 00:16:04,320
that you can experience through 
Bitcoin mining and not just 

320
00:16:04,320 --> 00:16:07,000
buying spot Bitcoin. 
Use the QR code to get started 

321
00:16:07,000 --> 00:16:08,320
today. 
Thanks for rocking with me 

322
00:16:08,320 --> 00:16:10,400
today. 
This is why Bitcoin is crashing 

323
00:16:10,400 --> 00:16:13,120
right now and you have to 
understand the larger picture. 

324
00:16:13,120 --> 00:16:15,640
This is not to coke a Bitcoin. 
Simply happy stacking.