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On one hand, there's the Bitcoin
Crown, who thinks Bitcoin is 

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going a lot higher. 
From here you see the price of 

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Bitcoin heading. 
Higher. 

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Higher. 
How much higher? 

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A lot. 
Higher people like Samson Mao 

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are saying the FOMO hasn't even 
started yet. 

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I would. 
Say retail is still sleeping on 

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this and anecdotally, most 
people I know have said, you 

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know, their friends and family 
are not reaching out to them yet

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00:00:21,840 --> 00:00:25,800
to ask about Bitcoin. 
So we're not even close to peak 

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retail awareness or a retail 
mania. 

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And despite all of the evidence 
to the contrary, there's still 

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people out there that say 
Bitcoin is speculative. 

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OK. 
Is Bitcoin a good investment? 

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No, it's an. 
It's a speculation which. 

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One is it. 
Today we'll look at where we are

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and look at the camps and try to
decide for yourself which one 

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would you rather be, a bull or a
bear? 

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This is Dante Coke with Bitcoin.
Simply, let's go. 

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My general framework from the 
highest level is human beings. 

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Collectively, we own about $900 
trillion worth of stuff. 

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That's equities, the things 
behind us, real estate, precious

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metals, fine art, all of the 
things that we own, half of that

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we're using as a savings 
account. 

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We're owning the portfolio of 
companies or the art or the 

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house to actually try and 
persist wealth into the future. 

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I think bitcoins going after 
that market, it's going after a 

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market of 400 to $500 trillion 
worth and right now it's 2 1/2 

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trillion. 
So I think in purchasing power 

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terms, Bitcoin can go up 100 to 
200 times more from. 

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Here Bitcoiners like Jack 
Mahler's are incredibly bullish 

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and it might be hard to hear 
that Bitcoin can 100X from here.

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Numbers like that are just too 
big and too hard for the human 

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mind to comprehend. 
It is absorbing 9, $100 trillion

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worth of assets, but those sorts
of numbers are way out there. 

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But it's even hard to hear 
people like Samson Mao who 

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thinks that FOMO hasn't even 
started yet and people are going

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to get triggered when Bitcoin 
hits 200 KA million chump 

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change, I think. 
This is not yet the rally. 

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I think they'll start waking up 
at point 2 million or 200,000 a 

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coin. 
But I would say retail is still 

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sleeping on this. 
And anecdotally, most people I 

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00:02:02,360 --> 00:02:05,080
know have said, you know, their 
friends and family are not 

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00:02:05,080 --> 00:02:06,920
reaching out to them yet to ask 
about Bitcoin. 

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00:02:07,240 --> 00:02:11,640
So we're not even close to peak 
retail awareness or retail 

46
00:02:11,640 --> 00:02:14,360
mania. 
But you know, once you cross 

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that next cognitive threshold of
.2 M, that's what people think, 

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OK, I'm missing out and I need 
to get this. 

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And that's when they start 
piling in. 

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We still need to do like a 8X 
from here to get 1,000,000 so 

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maybe 2026, but I don't discount
the possibility that we can have

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a very rapid run up in the next 
6 months. 

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It's a hard concept to wrap your
mind around and these numbers 

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00:02:38,600 --> 00:02:40,680
are way out there and 
outlandish. 

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But what are the numbers telling
you otherwise? 

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What other data out there is 
making you positive and bullish?

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Since 1971, people's purchasing 
power has been eroded as the 

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prices of assets like homes have
far outpaced the amount of 

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income that we have to pay for 
those homes. 

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00:02:55,480 --> 00:02:59,160
Since 1971. 
Not one of 100, 152 countries 

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have kept inflation below 2%. 
In 1960, housing, healthcare and

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00:03:04,440 --> 00:03:07,760
education made-up 22% of the 
average person's budget. 

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00:03:07,760 --> 00:03:12,200
Today that number is 37%. 
To date this year there have 

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been 806,000 job cuts announced,
62,000 job cuts in July alone, 

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00:03:17,400 --> 00:03:20,720
which is nearly triple the 
average that has been from 2021 

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00:03:20,720 --> 00:03:22,840
to 2024. 
Payroll numbers keep being 

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revised and cut, showing 
everybody that the economy is 

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not as strong as they say that 
it is. 

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00:03:27,200 --> 00:03:30,520
And if you did managed to keep a
job, well, if you are a low wage

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00:03:30,520 --> 00:03:34,160
earner, well your wage actually 
rose the least amount of all of 

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the different segments, actually
only 3.7% compared to the 

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national average, while the top 
percentile got even more rich. 

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It's hard for people out there. 
So when people are talking about

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Bitcoin and saying it's 
speculative flippantly, what 

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00:03:46,160 --> 00:03:47,560
else would you be more bullish 
on? 

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00:03:47,560 --> 00:03:50,400
I mean, look at this chart. 
It is the best risk adjusted 

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00:03:50,400 --> 00:03:53,600
return asset class that you can 
invest your money in, even 

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00:03:53,600 --> 00:03:55,640
better than gold. 
There's hedge fund managers out 

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00:03:55,640 --> 00:03:58,840
there like James Lavish, who 
were shifting all of their focus

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00:03:58,840 --> 00:04:02,120
from gold to Bitcoin and saying 
that it has an opportunity to 

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00:04:02,120 --> 00:04:06,320
overtake gold as the store of 
value, the dominant store of 

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00:04:06,320 --> 00:04:09,840
value globally moving forward. 
You know, I, I want to have 

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00:04:09,840 --> 00:04:15,360
assets that will appreciate as 
the dollar is devalued as it's 

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00:04:15,360 --> 00:04:18,920
debased. 
So I do own gold, but my focus 

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00:04:18,920 --> 00:04:22,000
is truly on Bitcoin as you know 
and that's why I open the, the 

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00:04:22,000 --> 00:04:27,280
Bitcoin opportunity fund. 
And so all of my excess capital 

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00:04:27,280 --> 00:04:30,200
is, is kind of pointing towards 
that personally now. 

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00:04:30,480 --> 00:04:35,480
So, but I do have nothing 
against gold though I do believe

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00:04:35,720 --> 00:04:39,960
that we are seeing the the 
beginnings of Bitcoin 

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00:04:39,960 --> 00:04:45,360
demonetizing gold and you know, 
will gold go to 0? 

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00:04:45,360 --> 00:04:47,640
Absolutely not. 
It will, it will, I think it 

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00:04:47,640 --> 00:04:53,600
will retain that store value in 
the, in the global, you know, 

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00:04:53,600 --> 00:04:57,000
universe of investable assets of
$900 trillion. 

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00:04:57,000 --> 00:05:00,040
Gold is about 18 right now and 
Bitcoin is about two. 

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00:05:00,040 --> 00:05:03,440
So, but I do believe that 
Bitcoins going to catch up to it

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00:05:03,760 --> 00:05:07,000
and be that ultimate store value
for people in the future. 

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00:05:07,240 --> 00:05:09,920
What's not to like? 
Yet we still have boomers and 

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00:05:09,920 --> 00:05:12,600
doomers who have benefited from 
the existing system. 

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00:05:12,600 --> 00:05:16,920
Interest rates falling from 17% 
down to 0%, raising the prices 

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00:05:16,920 --> 00:05:20,240
of assets, raising the prices of
stocks and making it more 

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00:05:20,240 --> 00:05:23,360
unaffordable for people like you
and me that say that Bitcoin is 

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00:05:23,360 --> 00:05:25,520
just speculative. 
You're only buying it because 

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00:05:25,520 --> 00:05:27,960
you believe that someone else 
after you will buy it for more. 

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00:05:28,600 --> 00:05:31,080
Is Bitcoin a good investment? 
No, it's an. 

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00:05:31,080 --> 00:05:34,520
It's a speculation. 
Jael, I don't. 

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00:05:34,520 --> 00:05:36,720
I mean, I love you, man, but 
you're going to get lit up on 

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00:05:36,720 --> 00:05:38,440
the Internet. 
You need to not say this. 

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00:05:39,240 --> 00:05:42,160
Well, I'm sorry, but but you 
asked me the question. 

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00:05:42,160 --> 00:05:43,640
I can only give you the answer I
have. 

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00:05:44,080 --> 00:05:45,680
So let me explain to you what I 
mean. 

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00:05:45,800 --> 00:05:51,160
Right. 
So Bitcoin, as I said earlier, 

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00:05:52,040 --> 00:05:56,520
if you, if you bought Bitcoin 
1015 years ago, it's just done 

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00:05:56,520 --> 00:05:59,880
magnificently well. 
I mean, who wouldn't want that? 

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00:05:59,880 --> 00:06:03,760
I wish I'd done that. 
I I didn't and still haven't, 

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00:06:04,440 --> 00:06:06,120
right? 
But that's not the question. 

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00:06:06,120 --> 00:06:08,040
The question is, where does it 
go from here? 

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00:06:08,600 --> 00:06:10,200
It's at 100,000 or somewhere 
right? 

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00:06:10,200 --> 00:06:12,560
Now we're talking to 100,000 and
when when I was talking to 

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00:06:12,560 --> 00:06:15,880
Dubois in the group chat, it was
at 13,000 and look at me. 

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00:06:15,880 --> 00:06:17,440
Yeah, but that was then, this is
now. 

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00:06:17,440 --> 00:06:19,040
So where does it go from? 
Not where's it going? 

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00:06:19,040 --> 00:06:20,720
Getting made fun of jail. 
And that's what you're not 

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00:06:20,720 --> 00:06:23,200
understanding. 
And I live with regret and 

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00:06:23,200 --> 00:06:25,880
they're roasting me and they 
have laser eyes and like you 

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00:06:25,880 --> 00:06:29,360
dumb ass, you're out here 
podcasting and doing ad reads 

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00:06:29,600 --> 00:06:33,640
when you could have gone all in 
on Bitcoin and 10 exed it. 

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00:06:34,000 --> 00:06:36,360
Yeah, I think you've confused me
with your psychiatrist. 

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00:06:37,240 --> 00:06:38,760
I can't. 
I can't help you with the fact 

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00:06:38,760 --> 00:06:40,080
you're being made fun of all I 
can. 

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00:06:40,320 --> 00:06:43,760
All I can tell you is that when 
you look at Bitcoin, it's a 

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00:06:43,760 --> 00:06:47,280
speculation. 
So it's not a currency. 

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00:06:48,080 --> 00:06:50,040
It's way too volatile to be a 
currency. 

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00:06:50,040 --> 00:06:53,640
A currency requires stability. 
That's why inflation is such a 

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00:06:53,640 --> 00:06:55,680
bad thing, and deflation for 
that matter. 

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00:06:55,680 --> 00:07:00,200
If you can't rely on a currency 
having a fairly consistent 

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00:07:00,200 --> 00:07:03,400
value, it doesn't work as a 
medium exchange for goods and 

137
00:07:03,400 --> 00:07:05,800
services. 
And maybe crypto will get there 

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00:07:05,800 --> 00:07:08,680
at some point, but right now 
it's not all right. 

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00:07:09,000 --> 00:07:10,720
So it may. 
Let me finish the thought. 

140
00:07:11,160 --> 00:07:14,640
So it's a speculation in the 
sense that like buying gold, 

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00:07:14,960 --> 00:07:21,920
like buying exotic cars, 
collector cars or artwork or 

142
00:07:22,000 --> 00:07:28,040
anything like that, when you buy
crypto, you are saying, I am 

143
00:07:28,040 --> 00:07:30,840
hoping and expecting that 
somebody at some point in the 

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00:07:30,840 --> 00:07:35,040
future will pay me more for 
this, that I paid for it. 

145
00:07:35,520 --> 00:07:38,600
Which side do you agree with? 
Which side do you want to be on?

146
00:07:38,640 --> 00:07:41,320
Is it just opium with no value 
that you can do nothing with? 

147
00:07:41,320 --> 00:07:43,600
I'd love to hear your thoughts 
in the comments, but before we 

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00:07:43,600 --> 00:07:46,320
go any further, let's take a 
second to thank our sponsors. 

149
00:07:46,320 --> 00:07:49,800
Let in, the leader in Bitcoin 
back loan since 2018 has issued 

150
00:07:49,800 --> 00:07:53,760
over $9 billion worth of loans 
to 10s of thousands of customers

151
00:07:53,760 --> 00:07:56,240
all across the globe. 
The process is simple, fast and 

152
00:07:56,240 --> 00:07:58,600
transparent, and you can fill 
out a loan application in less 

153
00:07:58,600 --> 00:08:02,000
than two minutes and be approved
without any hits to your credit,

154
00:08:02,000 --> 00:08:05,600
and your account is typically 
funded in in less than 24 hours.

155
00:08:05,600 --> 00:08:09,080
Go to learn dot leaden dot AO 
slash simply to get started. 

156
00:08:09,200 --> 00:08:11,960
You know, you can take 12 words,
memorize 12 words, and that's 

157
00:08:11,960 --> 00:08:13,720
enough. 
By the way, for a seed phrase, 

158
00:08:13,720 --> 00:08:14,840
that's enough. 
Entropy. 

159
00:08:15,080 --> 00:08:17,040
That's like one atom in the 
universe. 

160
00:08:17,040 --> 00:08:20,600
I mean, to determine. 
So just memorize your 12 words. 

161
00:08:20,600 --> 00:08:22,280
You can go across any border you
want. 

162
00:08:22,520 --> 00:08:23,680
Next thing you know, you're 
free. 

163
00:08:23,680 --> 00:08:25,960
You have all your wealth. 
They can strip surge you, anal 

164
00:08:25,960 --> 00:08:27,760
probe you, They can do whatever 
the hell they want. 

165
00:08:28,000 --> 00:08:30,880
But at the end of the day, when 
you cross that border, even if 

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00:08:30,880 --> 00:08:34,000
you're naked, you have all your 
wealth with you and you can't do

167
00:08:34,000 --> 00:08:37,280
that. 
There is no other asset on earth

168
00:08:37,360 --> 00:08:39,520
that you can do that with. 
Couldn't have said it better 

169
00:08:39,520 --> 00:08:42,640
myself, George. 
Bitcoin is the only asset that 

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00:08:42,640 --> 00:08:45,600
you can cross the border naked 
with and still have your money 

171
00:08:45,600 --> 00:08:47,640
on the other side. 
Might want to get some clothes 

172
00:08:47,640 --> 00:08:48,920
when you get over to the other 
side. 

173
00:08:48,920 --> 00:08:51,160
But still, the amount of 
sovereignty that you're able to 

174
00:08:51,160 --> 00:08:54,360
have with Bitcoin is unlike any 
other asset in the history of 

175
00:08:54,360 --> 00:08:56,520
the world. 
And you can learn to take full 

176
00:08:56,520 --> 00:08:59,600
custody and self custody of your
Bitcoin by working with a coach 

177
00:08:59,600 --> 00:09:02,560
at the bitcoinway.com. 
Schedule a free 30 minute 

178
00:09:02,560 --> 00:09:05,160
consultation with their team to 
help you learn how to take 

179
00:09:05,160 --> 00:09:08,680
control of your private keys, 
memorize your 12 words, and be 

180
00:09:08,680 --> 00:09:10,160
fully sovereign over your 
wealth. 

181
00:09:10,200 --> 00:09:13,440
Go to thebitcoinway.com/simply 
Bitcoin. 

182
00:09:13,440 --> 00:09:16,480
There's a flood of new digital 
dystopia coming out there like 

183
00:09:16,480 --> 00:09:20,160
this from Mexico where they say 
that you'll need a digital ID 

184
00:09:20,160 --> 00:09:22,720
and they're making it mandatory.
Same kind of news is coming out 

185
00:09:22,720 --> 00:09:26,200
of the UK with their Prime 
Minister saying this is serious,

186
00:09:26,320 --> 00:09:28,680
we need to have digital IDs 
ASAP. 

187
00:09:28,680 --> 00:09:31,560
So not only is the average 
person getting squeezed for 

188
00:09:31,760 --> 00:09:34,760
their money, for their wealth, 
they're getting and tax with 

189
00:09:34,760 --> 00:09:37,040
less benefits coming from 
governments on the other side, 

190
00:09:37,040 --> 00:09:39,720
and they're getting their 
information constricted and 

191
00:09:39,840 --> 00:09:42,560
infringed upon by the 
governments that are supposed to

192
00:09:42,560 --> 00:09:44,520
be serving us. 
And then you have this thing 

193
00:09:44,520 --> 00:09:47,800
called Bitcoin, which actually 
protects you from this digital 

194
00:09:47,800 --> 00:09:51,280
dystopia with cryptography 
giving you encryption in the 

195
00:09:51,280 --> 00:09:54,520
ability to protect your assets, 
your rights and your privacy 

196
00:09:54,680 --> 00:09:56,880
inherently in the protocol 
itself. 

197
00:09:56,920 --> 00:10:00,240
And it's also helping you rise 
out of this malaise that you've 

198
00:10:00,240 --> 00:10:03,400
been in with your income not 
growing as fast as the assets 

199
00:10:03,400 --> 00:10:06,320
that you live your life. 
And this network, Bitcoin, is 

200
00:10:06,320 --> 00:10:09,520
only getting more powerful as 
more cyber Hornets like you 

201
00:10:09,520 --> 00:10:13,840
across the globe join in. 
You know, bitcoins, the virus, 

202
00:10:13,840 --> 00:10:17,520
it's a freedom virus. 
It's based on a monetary virus 

203
00:10:17,520 --> 00:10:21,200
that's in turn based on a truth 
virus, you know, and we, we 

204
00:10:21,200 --> 00:10:24,320
think of it as a swarm creature 
because everywhere in the world,

205
00:10:24,600 --> 00:10:27,320
there's someone that's 
supporting the Bitcoin ecosystem

206
00:10:27,320 --> 00:10:30,200
with their electricity, their 
computer power, their political 

207
00:10:30,200 --> 00:10:33,560
power, their economic power. 
And it's, it's about as 

208
00:10:33,560 --> 00:10:36,960
unstoppable as a swarm of 
Hornets or unstoppable. 

209
00:10:36,960 --> 00:10:39,000
You, you can't shoot a bullet 
through it. 

210
00:10:39,040 --> 00:10:41,720
You know, it's spreading all 
throughout the world and it just

211
00:10:41,720 --> 00:10:44,720
keeps getting stronger day by 
day, week by week, month by 

212
00:10:44,760 --> 00:10:46,360
month. 
Which camp do you want to be in?

213
00:10:46,400 --> 00:10:49,440
Bullish or bearish? 
Is Bitcoin like a life raft or 

214
00:10:49,440 --> 00:10:52,600
is it like an anchor taking you 
to your financial ruin? 

215
00:10:52,640 --> 00:10:55,160
I know what I think. 
Get your tickets if you already 

216
00:10:55,160 --> 00:10:58,120
haven't, to come meet the Simply
crew down in Dallas, TX from 

217
00:10:58,120 --> 00:11:00,760
November 11th through November 
13th at the Mining Disrupt 

218
00:11:00,760 --> 00:11:02,720
conference. 
Use the promo code Simply 

219
00:11:02,720 --> 00:11:04,560
Bitcoin for 20% off your 
tickets. 

220
00:11:04,800 --> 00:11:07,240
You won't want to miss the 
largest mining Expo in the 

221
00:11:07,240 --> 00:11:08,920
world. 
It's going to be pretty cool. 

222
00:11:08,960 --> 00:11:10,840
Hope you got some value out of 
today's episode. 

223
00:11:10,840 --> 00:11:13,040
If you haven't already 
subscribed, please do. 

224
00:11:13,240 --> 00:11:15,840
We're getting close to 100K and 
we thank you for all of the 

225
00:11:15,840 --> 00:11:17,440
people that have been on the 
journey with us. 

226
00:11:17,440 --> 00:11:19,120
This is Dante Cook with Bitcoin 
simply. 

227
00:11:19,360 --> 00:11:20,160
Happy stacking.