Is Bitcoin going to 0 or 1,000,000?
Because depending on who you listen to, it's either the
biggest fraud ever invented or it's the most important
invention since the Internet. Don't.
Listen to the crypto Kitty, he's leading you astray.
Don't buy Bitcoin. If you have any Bitcoin, sell it
all right now. Buy gold, buy yes, buy gold for
sure. Buy gold, buy silver, Buy
something real. Get out of Fiat into something
real and tangible that has value.
Don't buy into a scam magic into that money.
Right. It's not even money, it's just
this BS. When you buy Bitcoin, all you're
doing is making the person who's selling it rich.
Don't be a bag holder. It's hilarious because this guy
can't even tell whether a gold bar is real or not.
So I have a nice box here. What is that?
He has some. I think it's Kurkis language.
I took it back from Kyrgyzstan. He has a certificate.
I got it. I got this from a very important
person from Kyrgyzstan very recently, just completely by
luck. So we take it out.
It's pretty heavy. I'll put this down.
You can see like it says, Turkistan 1000 grams, fine gold
99.9 point 9 and a serial number.
Try it. Yes, yeah.
It's heavy. Is it real gold or no?
Well, I don't. Know I mean I, you know I mean.
Is this what you're trying to I mean?
And here's the crazy thing. We've heard this exact debate
before. The Internet is a fad.
Amazon will fail. No one will ever do commerce
online. Nobody will ever stream movies.
The iPhone is a toy. e-mail isn't for serious communication.
So if you're new to Bitcoin and you're confused, welcome.
You're not dumb. You're just stuck between
history and the people who never learned from it.
And today, I'm going to show you that we're in one of those
moments with Bitcoin. This is Dante Coco Bitcoin.
Simply, let's go. If I'm a new investor to
Bitcoin, I'm confused because every day you're hearing clips
like this about how much of a fraud it is.
This is the first interview that famed investor Michael Berry has
done in decades, and he had this to say about Bitcoin.
I think that Bitcoin at 100,000 is the most ridiculous thing.
That same people are sitting on TV talking about Bitcoin.
There's casually it's 100,000 down, now it's 98,000.
It's not worth anything. Everybody's accepted it.
It's a Tulip bulb of our time. It's worse than a Tulip bulb
because this has enabled so much criminal activity to go deep
under under. And you'll hear clips like these
from Larry Fink, the largest asset manager in the world and
the most important person in finance on the globe.
He changed his tune about Bitcoin, and he admitted that he
was wrong. Called crypto an index for money
laundering. BlackRock.
And thieves. And thieves.
Yes, money laundering and thieves.
You now have the biggest Bitcoin ETF.
So what happened here? I have very strong views, but
that doesn't mean I'm not wrong. I but you, by having strong
views, you have to test yourself and ask yourself.
And you know, in my role, I see, you know, thousands of clients a
year. I have, you know, governmental
leaders and we have these conversations that my, my
thought process always evolves. And this is a a very glaring
public example of of a a big shift in my opinion.
You'll hear quotes like this from Michael Saylor, who said
that all of the major banks have flipped their tune on Bitcoin in
the last 6 to 12 months. What we've what we've seen is
BNY Mellon, PNC Bank, Citibank, JP Morgan, Wells Fargo, Bank of
America, Vanguard, all of these have flipped from a hostile,
negative or skeptical view to a positive view in the last 12
months, right? We have announcements Schwab is
going to custody Bitcoin and extend credit against crypto
assets early next year. Citi is doing the same thing.
But you'll also hear things like this from Brad Gerstner, A famed
Silicon Valley investor in VC who says that Bitcoin is a
speculative asset with no utility.
MicroStrategy could go to 0 in quantum computing could break or
hack the blockchain. It is a risk asset.
You should treat it appropriately in your portfolio
because if MicroStrategy is forced to delever, yeah, if
there's an unwind there, it could get really messy in the
short run, which is probably why I would be waiting to see how
this plays out. Doesn't go to.
Zero does it. No.
I mean, I think I, I think the black, the, the Black Swan,
right, is that somebody hacks, you know, crypto, whether it's
quantum or otherwise. There was some news out
overnight about, you know, Anthropic running some
vulnerability tests on the black chain.
Those things I think will be important if this is to have
durability. But then I saw on December 3rd,
Rick Worser, the CEO of $12 trillion, Charles Schwab, said
that they're going to begin allowing their investors to buy
Bitcoin in Ethereum starting in January of 2026.
Bank of America said that they're going to begin
recommending A1 to 4% allocation of Bitcoin in 2026 as well.
And this is the comment from the CEO of Fidelity, a $6 trillion
asset manager. She says that she kind of likes
Bitcoin. Kind of like.
Bitcoin I, I don't own tons of coins, but I own Bitcoin and I
think it will continue to play a role in the savings hierarchy of
lots of people. And it's, it is the gold
standard, so to speak, you know, in the crypto world and it's
been around and it's solid and it's persisted and it's a it's a
good system. So I'm long term very
comfortable and I think that that will continue to be
something that we will factor into our thinking and our quest
to provide options for our customers.
And but then you'll look at the price and then you'll say,
Dante, all of these things are true.
Then why is Bitcoin flat in 2025?
It's not a store of value relative to gold, with it being
down a few percent this year and gold being up 50 to 60%.
Is it just a speculative asset with no utility?
Bitcoin this year is down 10%. Gold is up 50 or 60%.
I hope we can dispel the myth, right?
1 is a risk asset and one is not, right?
And so it doesn't mean that you shouldn't own Bitcoin.
I own some Bitcoin and I might might be buying a little bit
more, you know, as it as it comes down.
But it is a speculative asset that over time we'll have more
and more utility. But we have to be honest with
what it is today, OK? Let me give you the real we've
seen this before. Here's the famous clip from
Steve Ballmer, the president and CEO of Microsoft, saying that
the iPhone will never work, it's just a toy, laughing out loud at
$500 iPhones. Yet while today we spend 1600
two, $1000 on this device that we can't put down.
Steve, let me ask you about the iPhone and the Zune.
If, if I may, the Zune was getting some traction.
Then Steve Jobs goes to Macworld and he he pulls out this iPhone.
What was your first reaction when you saw that $500 fully
subsidized with the plan? I said that is the most
expensive phone in the world and it doesn't appeal to business
customers because it doesn't have a keyboard, which makes it
not a very good e-mail machine. What about Blockbuster being
able to buy Netflix for $50 million and then laughing them
out of the room saying that streaming will never happen?
What about Newsweek saying that no online database is ever going
to replace your daily newspaper? They were actually right that
they said no computer network will change how the government
works, and that is true today. History has taught us what
people say about new innovations.
They're scams, they're frauds, they're speculative assets until
they aren't, until they take over the world.
We're seeing an asset that's here to stay and it's
fundamentally going to change the world as we move forward
into this new digital era. We're in between this stage
where people think it's a fad or a fraud and some people think
it's an invention that's going to change the world and I
believe that it's the latter. We'll get right to that after we
thank our sponsors. Lenin has been the leader in
Bitcoin back loan since 2018, issuing over $9 billion worth of
loans to 10s of thousands of customers across the world.
They understand one fundamental thing.
You never sell your Bitcoin and they allow you to do just that.
Don't sell your Bitcoin, but borrow against it with a no
credit check loan starting at just 12.4%.
Keep your sovereignty and borrow in cut bugs or Fiat.
The dollars can be in your account in less than 24 hours
and the application takes just two minutes.
Go to learn dot LED and dot AO slash simply to get started, and
I want to thank the Bitcoin way the leaders in helping you to
protect your generational wealth the right way.
They will have a member of your team walk you through step by
step why Bitcoin is Revolution asset, why you can hold 12 words
in your head and be sovereign anywhere in the world, and how
you can do this privately, safely and securely.
Schedule a free 30 minute consultation with their team at
the bitcoinway.com/simply Bitcoin.
Back to the show, if we. Open the borders tomorrow and
gave everyone one day around the planet to come to America.
We'd have a line of seven and a half billion people to come in.
And the second he said it, I completely agree.
Whatever people's views on immigration are, people want to
come here and they want to come here for a reason.
And if you've lived overseas like I have in Brazil, it
resonated with me. I think that is the way people
think of Bitcoin to a degree, is the way we as Americans remember
America as this place of freedom, this place to go where
the government literally is not on top of you the way it was in
my country. So Bitcoin is still going to be
a place that people are going to go into, and I still think that
7 1/2 billion people on the planet will eventually be
putting money in at a fast pace. Stable coins to me, are going to
accelerate that move in a very, very big way.
And that's why I believe in the network effects for Bitcoin
right now as the same thing that happened in the network effects
for all the platform stocks that have become major parts of all
of our portfolios if we own the S&P 500, I believe.
That this is true. I believe that 7 1/2 billion
people across the world believe that Bitcoin isn't a fad, it's a
life raft against their debasing currency that's getting debased
faster than the US dollar. Government regimes that take and
confiscate assets whenever and however that they like.
As we move into a world where everybody's going to have USDT
or stablecoins or USDC on their phone, they're going to want a
place to store that. And that's not going to be at a
traditional bank. That's going to be in the
Bitcoin investment vehicle right within their digital wallet.
They're going to store their value over time, not in a gold
bar that you can't actually verify, like Peter Schiff, but
in Bitcoin, this revolutionary asset that provides access
freedom in the American dream to 7 1/2 billion people across the
globe. It's not a fad.
This is something that's here to stay and it's not going to 0.
So you might as well get that out of your head.
But the question is, are you going to be one of the people
that called the Internet a fad or Amazon a bomb or a fail?
Or are you going to be be one of the people that are on the right
side of history? Then understand where money is
going, where the arrows of progress are going and
understanding that we're not going backwards to a Fiat
standard. I don't know what do you think
in the comments? One of the ways you can continue
to be sovereign is by stacking sats while you sleep
continuously around the clock. If you have extra cash or
assets, buy a state-of-the-art mining rig that's going to be
mining Bitcoin 24/7 with renewable carbon free energy.
And you don't have to do this yourself.
You can hire someone like SAS Mining to do it for you.
They have no middle men, no markups, and make it stupid
simple for people like you to invest into Bitcoin.
Get started today by using the QR code on your screen.
If you're a new investor, welcome.
We're in this period where you don't know what to believe.
But if you subscribe to channels like this, you'll get the signal
overtime, and overtime, you'll probably be on the right side of
history. This is down to Cook with
Bitcoin. Simply happy stacking.