Bitcoin Ownership is Changing FAST. Should You Be Worried? | Bitcoin Simply

0:00Is the Bitcoin Freedom Revolution over? Individual Bitcoin ownership peaked in 2024, and it's falling fast. Data shows that the majority of Bitcoin will be owned by governments and institutions within the decade. One of the greatest investors of all time says that Bitcoin isn't a store of value and he wish it never happened. Crypto? I said this a long time ago and I'm going to say again, it's a solution looking for a problem. I'm very sad that it ever happened. The former UK Prime Minister says it's a giant Ponzi scheme. With all these negative narratives out there, is it time to get out of Bitcoin? Were you sold the back of goods? Is Bitcoin actually a Ponzi scheme? Or is it showing signs of life with gold below 5K and Bitcoin ripping to 74? We'll cover that in more today in our episode of Bitcoin Simply. Let's go. So do you think they'll have to print more than they did in response to COVID? Probably just because of the expenditure. Not only do you have to print to solve today's

1:02problems, but you have to pay back the other debt as well. Obviously, if you take a look at the amount of US Treasury without standing, which is a good chart, it's exponential. It's an exponential chart. So we're just getting started. If you think about if AI is as good as they say it is, I don't know. Then everybody loses their job, right? I don't think it's going to be that way, but that is sort of your north star. I was like, well, how bad was that be if everybody has not been replaced by a robot or a quad, or a quadbot? How much money do they have to print? When the biggest effort essentially is to put the foot so they have to print everything, right? So I don't think that's going to happen, but it's just sort of a mental model of what could happen if AI is as good as they say it is. They have to solve the problems of today and pay off the debt for tomorrow. Arthur Hayes believes that the government will have to print more today than they did in COVID, but we've heard this story a hundred times. And if that's the case, Dante, then why isn't Bitcoin pricing that in? Why hasn't it exploded in price? Couple reasons. Bitcoin

2:04is actually pricing in the creative destruction that AI is going to cause massive disruption to white collar jobs in the future. The rest of the market just hasn't figured that out yet. Andre Capathe, probably the greatest AI developer in the researcher in the world, just came out with a shocking report. He scored every job in America based on this likelihood that AI would replace it. He used a scale from zero to 10 and the average score was 5.3, meaning a majority of jobs are going to be wiped out. But here's what it said. If you're a plumber, you're more likely to keep your job than an analyst. If you're a janitor, you're more likely to be around than an executive at a high power consulting firm. Scary stuff. And Bitcoin is actually sniffing this out. And the next two reasons are slightly different. The promise of AI and the future of AI has sucked up all of the excess liquidity in the world. Hundreds of billions of dollars, even trillions of dollars in capital is being poured into data, energy, and infrastructure related to AI. With all that liquidity going into this future possibility, it's not going into things like Bitcoin. And why is gold being bit up when Bitcoin hasn't? Well, it's because the United States has shown that

3:08they will weaponize the system and cut you off completely if you don't align with their interest. So in that world and that scenario, what else can you hold other than gold if it's not dollars? What do you think is holding Bitcoin back right now when the debatement trade is being recognized more? And it seems like everything's going into a bear market against gold. And we hope that Bitcoin wouldn't be one of those assets, but it really has been. I mean, my theory is that Bitcoin is a liquidity alarm. And there's a massive deflationary high-end ticking bomb under at least the United States, in particular, just because of how flexible the labor market is based on AI disruption. And Bitcoin is along with some other technology-related stocks. It's giving a forecast of there is a massive amount of credit destruction that's going to happen in a highly leveraged, professional reserve banking system if the highest wage earners who now want new loans, you know, a small percentage of the highest wage earners don't have a job anymore because they got fired for, you know, cost-cutting reasons because AI could do whatever

4:11they were doing, better, faster cheaper. So I think that's what Bitcoin is telling us. There has not been enough dollar liquidity created against all the other uses for liquidity, especially when you talk about CapEx for hyperscalers. And that's why Bitcoin isn't performed over the last six to nine months. Like if you look at, you know, NASX pretty flat, Bitcoin is obviously down 50 percent gold continues to rise. I don't think gold is on a debatement trade. It's more because if you're not a, if a sovereign nation and you hold dollar assets, you have been, you know, repeatedly reminded that those are not your assets. You exist at the best of Scott Besson, whoever is the US Treasury Secretary, and the number one going to inflate away your debt by issuing a lot of bonds, or they're going to steal your money by basically sanctioning you. And so why would you want to own that asset with your country savings? You should own gold, and that's why Central Banks have been buying gold in an increasing amount since 2008, and it's still degrading in 2022 when US and the EU stole Russia's money. All of these things are going to lead to

5:12inflationary measures in the future. And we're going to find out there's nowhere to hide other than in assets that can't be inflated, hard money assets, but even still, Harry Lloyd, aka Prime Minister Boris Johnson says that Bitcoin's a giant Ponzi scheme. This tweet got community noted into oblivion with over four million views currently. His former Finance Minister was like, bro, calling Bitcoin a Ponzi scheme is like calling the Internet a Ponzi scheme because it continues to get more users. People are realizing that fiat or government money creation out of thin air is the real and true Ponzi scheme. Michael Saylor said the truth. Bitcoin has no issuer, no promoter, no central actor. It's an open decentralized monetary network that's driven by code and market demand. That's what it is, and that's why Bitcoin was created. It was actually a check and balance on central bank trust and money printing in general. But like every market and every revolution in the past, something is misunderstood before it's priced in, like cars, like radio, like airplanes, like the computer, like the mobile phone, like the Internet. And as a result,

6:12people are selling their Bitcoin. But given the state of the world and the arrogance of leaders, instead of admitting the lies, admitting the wrongs in the sense of our past, we plunge further into lies and destruction, further into propping up a system that doesn't work that disadvantages the people furthest away from the money printer for the people that are closest to it. We'll paper over the losses instead of admitting the system doesn't work. And this is why they will print ego, arrogance. All of this will lead to inflation. And that's why we need an asset whose total value is inflation divided by 21 million. From what I've seen silver and platinum outperformed Bitcoin this year, for sure. Maybe he's right. I don't know. I think Bitcoin is a long way to go. I think I've always looked at Bitcoin's final price to be inflation divided by 21 million. And what's inflation? That's infinity, right? Like, infinity divided by 21 million is infinity, essentially. And it seems to be the fastest horse in the race. So I think it'll continue to go up. It might dip below $100,000 though. I wouldn't be surprised. Are you still buying Bitcoin right now?

7:13Yeah. Actually, the last time I bought it was a couple weeks ago. I bought it at like 115,000. I just bought the IBIT ETF. Before we go any further, let's thank our sponsors. Letten allows you to never sell your Bitcoin. That's what the rich people do. They don't sell assets that are valuable. They borrow against them. And that's exactly what the individual can do at an institutional grade with letten. Barrow against your Bitcoin without selling it. Get access to fiat liquidity in your account in less than six hours. The application takes just two minutes and there's no credit checks. It's either you have the Bitcoin or you don't. Your Bitcoin when you post it to the platform is hosted on a wallet that you can see in the platform that doesn't move and doesn't change and isn't re-hypothicated. That's why you can trust Letten. They've been doing this since 2018. They have over 1,000 five star customer reviews and they've issued over 10 billion dollars with the loans. Don't sell your Bitcoin. Go to learn.letten.al slash simply to get started. One of the ways that you can continue to grow in your journey is by getting a coach, a coach from the Bitcoin way who will walk you through step by step how to custody your Bitcoin, how to run your own node, how to be your own bank and how to manage your own private keys. Don't outsource your

8:16future and your wealth to someone else and say I'll trust them when the rubber hits the road that they'll do the right thing for me, my family and my money. That's why you got to be prepared with Bitcoin. Schedule a meeting with a coach at the bitcoinway.com slash Dante. Let's get back to inflation for a minute. We've seen the inflation of everything. Let's take homes. The income needed to buy a typical US home is increased by 79% in the past five years. Wages didn't increase by 79% and neither did productivity and this is why life becomes more expensive. Inflation is literally just the excess money in the system floating around chasing fewer and fewer goods. Listen to this clip from Milton Friedman from 50 years ago. Now the first step to our understanding the cause of inflation is to recognize that it is always and everywhere a monetary phenomenon. It's always and everywhere a result of too much money. There's too much money in the system and that's why it needs to go somewhere and right now it's going to AI. They believe that that's

9:19the most scarce resource in the world but what AI is actually creating is deflation. The ability for a computer to copy, replicate or create something that you've worked hard for at the click of a button. Bitcoin is pricing in that creative destruction and because it hasn't gone up in price like people thought they're selling it. Are you going to be one of the people selling the only thing that can't be replicated copied or recreated in this new future? Energy will become more abundant but Bitcoin will not. There's so much corruption in our system so every time I see a politician or a rich billionaire talking about Bitcoins upon this game I know it's because they've benefited tremendously from the existing system. And Bitcoin is the first and only legitimate way to remove those people or this system from power. This is rules for for the but not for me as sort of a situation. I look at all the corruption in the Congress and send it right now. How much the net worth of all those guys has gone up guys and gals once they get elected and I scratch my head and say okay your guys are going to continue to implement the Bank Secrecy Act on us and continue

10:25to lock down on us not being able to spend any of our validly earned money and going to crack the whip on all of us and at the same time this oligarchy that we call our Congress and send it is just going to continue to line their pockets and nobody's going to look at that. I guess just is the hypocritical nature of all of it is just so absurd and I think that as Bitcoiners the best thing that we can do is just opt out. The best thing you can do is opt out to continue stacking Bitcoin while the other system continues to grow. If you invest in AI you're making the thing stronger that's actually going to wipe you out. That clip was from the C.A.L. SaaS mining Kent Halliburne who's teaching you different ways to opt out of the system. Don't sell your Bitcoin it's not a Ponzi scheme. It is the exit ramp. Nobody loves buying insurance until you need to file a claim and that claim is coming soon. This is down to Cook with Bitcoin simply happy stacking and like we heard worse from the C.E.O. of SaaS mining. One of the ways to opt out of the system

11:28is by mining Bitcoin and not only continues to decentralize the Bitcoin network but it allows you to stack Sats continuously but you don't have to manage Bitcoin mining machines or electricity or contracts or repairing machines in the middle of the night. No you outsource that to SaaS one of the leaders in Bitcoin mining hosting. There's no contracts no middlemen they're 100% Bitcoin or aligned and you can trust them and that's why we work with them on this show. Use the QR code to get started with SaaS mining and to opt out of the system. This is down to Cook with Bitcoin simply happy stacking.