[Music] Bitcoin just smashed through a brand new all-time high the asset is now worth over $2 trillion it's the seventh largest financial asset in the world Bitcoin is up 150% year-to date and now I'm going to tell you exactly what you need to know moving forward Bitcoin is the decentralized currency that has taken the World by storm we've watched five different factors play into why Bitcoin has done so well bitcoiners have been on the internet for years telling you buy some Bitcoin and wait bitcoin's going up in price but there was plenty of detractors the
critics had their way there was this battle of ideas were the bitcoiners right or were they wrong I think now we have the verdict bitcoiners were not only right but bitcoiners drastically underestimated just how high and how fast bitcoin's price would appreciate one of my favorite stats is that Bitcoin is on a seven-week winning streak that is the longest winning streak that Bitcoin has had since 2021 if you go back to that bull market enthusiasm was palpable everyone thought Bitcoin was going up forever and so to have lived through the last years of a bare
market and to have experienced all the volatility mostly to the downside it's fun to be winning again having seven straight weeks of Bitcoin going up is a great sign that we are in a bull market Bitcoin will continue higher again things in motion tend to stay in motion and if you go and you look at the stock market it's a great signal that buying all-time highs you would think that that is a negative but actually those days if you go forward 3 6 months 12 months or 3 years tend to actually outperform buying any other
day of the market market and so naturally Bitcoin hitting an all-time high has momentum the more momentum that we see and the more media coverage we see means that we will lead to more Bitcoin prices now what do I mean by more media coverage if you go this morning and you look at Bloomberg three four five different articles on the front page every single mainstream Outlet they've got to talk about Bitcoin whether they're critics or they're Bulls Bitcoin is the story in finance it continues to go higher it has infiltrated all of the Wall Street
firms some of the smartest investors in the world like Paul tutor drones Stanley duck Miller and many others they're buying Bitcoin they're holding Bitcoin and they're talking about Bitcoin everyone wants to know what is bitcoin how high can it go and should I own some naturally bitcoin's price is the marketing campaign bitcoin's a decentralized entity there is no marketing team but when price goes up people pay attention and then they talk and the more word of mouth spreads the more people that get interested in Bitcoin the more people interested the more Capital Flows In and
if you got a finite asset and you got Capital flowing then naturally the price goes up so let's dig in why is Bitcoin hitting a brand new alltime high price of $16,000 and why is this $2 trillion asset likely still undervalued first let's talk about President Trump he's the first Bitcoin president and he's showing up to the White House with Pro Bitcoin policies there's talk of a strategic Bitcoin Reserve they would hold on to the 200,000 Bitcoin that we already have in our possession but also they would start to buy Bitcoin which which would diversify
the Holdings of the central bank if we can create a Bitcoin strategic Reserve it's going to kick off a global race to accumulate Bitcoin remember bitcoin's price used to be too small the large pools of capital like countries and Sovereign wealth funds and central banks they didn't buy Bitcoin because they couldn't put enough money into it but now that Bitcoin is more than $2 trillion anyone can buy Bitcoin and if the countries The Sovereign wealth funds and the central banks start to buy obviously the price is going to go up significantly on top of the
Bitcoin strategic Reserve president Trump is also talking about a number of policies that he may put in place which would be a big Tailwind for Bitcoin investors things like addressing the capital gains tax or also trying to incentivize for there to be more minors in the United States any president that goes into the White House and says I'm going to protect Bitcoin I'm going to protect your right to bitcoin and I am a Bitcoin president that's likely to be good for Bitcoin on top of that President Trump has historically measured the health of the United
States economy using the stock market but there's rumors being reported now that he also is using the price of Bitcoin when Bitcoin crossed over $100,000 president Trump tweeted saying bitcoiners you're welcome that's the type of thing that you would expect a president not to do but the fact that the president of the United States is going to be watching the price of Bitcoin says that it's likely to continue to go up on top of President Trump going and assuming office we also have a number of companies in the public markets that are buying Bitcoin and
putting it on their balance sheet micro strategy is obviously the most famous and the one who has done this with the most conviction just today Michael sailor announced that they've bought another 15,000 Bitcoin for approximately $1.5 billion this means that micro strategy now owns more than 400,000 Bitcoin which is more than 2% of the total supply of all Bitcoin that will ever be in circulation it doesn't look like that he's stopping anytime soon and so anytime you have a public company that is buying billions of dollars of Bitcoin per week obviously the price is probably
going to go up on top of that we also saw similar scientific announced that they bought Bitcoin as well over the last week or so and then you've got companies like metap Planet you've got Riot Marathon HUD eight and many many other public companies putting Bitcoin on their balance sheet we now have companies that have hundreds of millions or billions of dollars on their balance sheet and they're actively trying to convince other public companies to go ahead and buy Bitcoin as well we saw Rumble CEO come out and say should we put Bitcoin on the
balance sheet and then later he confirmed that they're going to put Bitcoin on their balance sheet if more public companies continue to buy Bitcoin the price is going to go up because Bitcoin is a finite Supply asset demand increases and the supply can't respond then obviously the price has to appreciate in order to accommodate everyone and so Michael sailor is buying billions of dollars of Bitcoin and many other public companies are also buying a lot but not only do I see these existing companies continue to buy more and more Bitcoin in the future I also
think we will see more companies starting to buy Bitcoin and put it on their balance sheet for the first time you get an expansion of the number of companies but you're also going to get an expansion of the number of dollars being put towards this strategy today's episode is brought to you by Gemini the future is being built today and the future of currency isn't dollars Euros pounds or Yen it's crypto and Gemini thinks that's a great thing because a future where money is decentralized inclusive and globally accessible that's a future that we are anxious
to be a part of Gemini teamed up with futurists technologists and designers like award-winning artist Matt Griffin known for his illustrations for Dune to craft a vision of the future with crypto at its core the creative theme go where dollars won't emphasizes exploration growth and the crypto Market's Limitless potential whether it's going on that Martian Safari to capture an unforgettable photo of a herd of woolly mammoths grazing the red planet or using Bitcoin to pay for your lift pass to go strata skiing down the mountain peak of a breathtaking Comet whatever Adventures we be living
one thing is for sure in a future this fantastic the limits of traditional currency simply cannot keep up Financial Innovation will usher in this new frontier and so go where dollars won't with Gemini go check them out at gemini.com slgo where dollar won't again go check it out at gemini.com slgo where dollars won't the third point that is driving bitcoin's price right now is the Federal Reserve we already have seen the Federal Reserve step in and drop interest rates by about 75 basis points year-to date on top of that we also see the M2 money
supplies expanding anytime you get interest rates dropping and the money supply expanding that's quantitative easing and when you have quantitative easing occurring that means that more capital is Flushing into the Market as that Capital comes into the market investors will push out on the risk curve and they will go and they will buy assets that previously were reserved for the risk asset now on top of that what we see is that Bitcoin in particular continues to keep Pace with this money printing if you look about every 100 days the United States is increasing the national
debt by a trillion dollars as the national debt grows to the sky bitcoin's price continues to go up as well a couple of weeks ago I was on national television and I said it's basically a race between the national debt and the price of Bitcoin looks like Bitcoin is doing a pretty good job of keeping up now one of the interesting things is that Fidelity jiren Timmer recently came out and he said if you take Gold's market cap and bitcoin's market cap and put them together it equals about $20 trillion why is that interesting because
that is about the market cap of US Dollars which means that gold and Bitcoin which are both store value assets they are continuing to keep Pace with the growth of dollars anytime that you see dollars growing to the sky and bitcoin's price growing to the sky it's likely to continue that trend things in motion stay in motion and I think that the Federal Reserve is only going to continue to cut interest rates they're likely to do it here in December again to get us to 100 basis points of total cuts for the year 2024 but
also we will continue to see that money supply expand and that means that bitcoin's price is well positioned we had a supply shock coming from the having back in earlier of 2024 now we have the demand shock people see what the Federal Reserve is doing cutting rates printing money that's pushing people towards Bitcoin again if Supply is not going to move and demand increases for Bitcoin the price goes up speaking of demand increasing we had one of the greatest access tools in the world created for Bitcoin in 2024 we saw the ETFs get approved in
January almost immediately we saw the price of Bitcoin go up by 50% today Bitcoin is up more than 100% since those ETFs got approved there's been tens of billions of dollars from Wall Street that's been put into Bitcoin and the beauty of these ETFs is now not only do people not have to go sign up for coinbase Gemini Kraken binance or some other Exchange but on top of that they now can do it right in that same brokerage account where they have their other assets the beauty of the ETFs is that we put Bitcoin in
a wrapper that is familiar to many of the largest pools of capital whether you are Fidelity you are Franklin Templeton you're Black Rock you're bitwise or any other provider you now have the ETF rapper which is highly popular on Wall Street but it now gives you exposure to bitcoin what most people on Wall Street want is they want price exposure to bitcoin they're not true bitcoiners they don't want to necessarily take custody they don't trust Bitcoin as a bearer asset but they do believe that the price of Bitcoin is going higher and so the ETFs
allowed them to be able to go and do this now one of the interesting things is that black rock has been the big leader here Larry fin came out and he said that he believes people are buying Bitcoin because it's a flight to Quality but more importantly is not just Larry Fink's personal comments or the fact he continues to go on national television and act as the CMO of Bitcoin it's that black rock has put out to all of their financial advisers a Target percentage ownership of Bitcoin and a portfolio around 2% if 2% of
the world's portfolio all start to buy Bitcoin and the supply of Bitcoin doesn't change again a reoccurring theme in this entire video is the fact that Bitcoin is going to go up because you have an increase in demand and so the ETFs have been one of the leaders of accessing Bitcoin in 2024 and now we see that more and more Capital continues to flow into these funds and I do not see that changing going into 2025 now last but not least the fifth point is the geopolitical environment we saw Russian president Vladimir Putin come out
and say that he believes Bitcoin cannot be censored by anybody no one can debase it no one can control it those types of comments coming from somebody like Putin obviously are going to draw the global attention to why is this specific guy talking about this specific asset on top of that we have the United States considering that Bitcoin strategic Reserve Japan is also looking at Bitcoin as how it could be used in their monetary policy Andor in their central bank and then there are a number of places around the world where we are seeing Bitcoin
adoptions start to increase in places like Nigeria and Pakistan where Bitcoin has actually been banned we see adoption increasing in other places around the world like Venezuela and Argentina where they have a massive issue when it comes to their currencies or their specific economies we see Bitcoin adoption increasing and so naturally whenever you get conflict or you get geopolitical issues playing out in the global economy you're going to see people say you know what maybe I should go and buy a little bit of Bitcoin Bitcoin is a political it is not unique to any one
country as long as you have an internet connection you can play the game of Bitcoin it does not care who you are where you come from what your religion is what your education or your wealth status Bitcoin is available for anyone and anytime you have a programmatic monetary policy that endear trust over time if I asked you what do you think the Federal Reserve is going to do later this week nobody knows all anyone can do is guess if I asked you what's going to happen over the next 6 months or the next year nobody
knows that's not true just in the United States it's true of any human monetary policy but where I have utmost confidence is I can tell you exactly what is going to happen with Bitcoin and its monetary policy today tomorrow a week from now a year from now or a decade from now it is pre-programmed into the code I can audit it at any time and I can actually plan my life based on that programmatic monetary policy this is a new era a new monetary regime there is only so often that a new monetary asset comes
around and as we transition from the old monetary regime into a new one people historic thought that the Bitcoin and dollar were going to compete with each other but instead we are seeing something different we are seeing dollars and Bitcoin both rise and popularity together people want stable coins and so we continue to see hundreds of billions of dollars of market cap ACR to those assets but people also want Bitcoin they want that digital savings account where they can store their wealth and they can leave it there without having to worry about what's going to
happen will it be devalued or can someone take it from me ultimately Bitcoin hitting a new all-time high price is a story that you should get used to to it continues to hit new all-time high after new alltime high we are in a Bitcoin bull market crossing over a $2 trillion market cap is important because people look at that and they say well I remember when it was 200 billion or I remember when it was 20 billion we've come so far but I would tell you no we still have a lot of work to do
gold is sitting at less than 20 trillion and I believe that Bitcoin is a 10x Improvement on gold and so at a minimum Bitcoin and gold will meet those market caps will be equivalent one day and so that means that Bitcoin still has a massive amount of opportunity to appreciate and value there will only ever be 21 million in circulation and if we're only at 2 trillion today that means the price of Bitcoin has to continue to go up now when will it happen and how fast will it happen I have no idea there are
plenty of people with the predictions out there you see van X saying that they believe that it'll hit somewhere between 150 200,000 in 2025 you see Max Kaiser saying it'll hit 220,000 in 2025 you see Michael sailor saying he believes in the next 21 years Bitcoin is going to hit somewhere around $113 million these predictions may be true or they may not nobody knows but what I do know is the market cap of the asset is going to continue to appreciate because Bitcoin is an asset that we have never seen before it provides certain properties
to an individual to a company to a nation state that they desire it is going to suck up liquidity it is going to demonetize other assets and Bitcoin is going to continue winning ultimately Bitcoin now over $100,000 is in full price Discovery how high can it go how fast can it go your guess is as good as mine but what I do know is that if it is the seventh largest asset in the world there's a good argument that one day it just may be number one
