Bitcoin Derangement Syndrome Is REAL | Here's How You Spot It... | Bitcoin Simply

I've never once considered that we're living in a simulation.

Until now, the world is crazy.

The President of the United States is discussing World War III next to an Easter Bunny.

An oil tanker just exploded under a bridge in the Panama Canal, confirming our worst

fear that the energy crisis may actually be getting worse.

But even crazier than those things, another economist just said that he thinks that Bitcoin

is going to zero.

Today, we're going to break down a new viral infection spreading across the globe, infecting

millions and infecting your portfolio, Bitcoin derangement syndrome.

We're going to show you what it means, how to spot it, and why it means we're still

early.

This is a spicy episode, but I'm excited for it.

This is down to Coca-Cola Bitcoin simply.

Let's go.

Here comes Peter Coddentale, popping down the bunny trail.

When I walk down into the lobby of my hotel and I see an Easter Bunny fighting like this,

it only makes sense that I would have him right by my side as I'm discussing World War

III with the rest of the world.

Make no mistake, there is a clinically diagnosed disease called Trump derangement syndrome.

It's where there's no accountability in the world over things that happen under previous

administrations and everything in the world is Trump's fault, but also make no mistake

about it.

Let me pause for a second and do my Drusky wipe.

This dude is pure comedy.

The sound bites from this dude are endless, like trolling Joe Biden in front of elementary

school kids is legendary.

But the volatility he creates in markets is endless, and just like there is Trump derangement

syndrome in the world and Trump is deranged, Bitcoiners may actually be a little bit deranged,

but there is also a clinically diagnosed disease called Bitcoin derangement syndrome.

When people get insane when Trump is discussed, well, the same thing happens with Bitcoin.

I'm going to try to pick a bottom on crypto right now.

I think they're insane.

I think that they underestimate the volatility.

I mean, I might pick up some Bitcoin at 50,000 there.

I said it because I hate my money, but I think when people listen, this is just a risky

asset like everything else.

You really think that if the broader markets and earnings fall apart, the crypto is going

to be your savior.

That we're going to have these young guys in college sitting around, you know, making

prediction bets all day long at the broader economies in recession, they won't have any

money.

So this idea that there's this part of the market that's going to be insulated from anything

is laughable.

The earnings are non-existent.

And I think as far as this brave new hope, it's just as old as the AI trade right now.

I think what people need to do is sit back, start counting their cash, and think about

doing some strategic buying in real things with real earnings because this whole crypto

tokenization prediction market.

This is gambling and you're going to have regulators start coming out.

It's full of insider trading.

It's got a lot of fleas on it.

I'd rather have companies that actually earn money.

I'd rather be long and exon mobile right now because oil is going to stay high for a little

bit.

I'm not saying 200, but you know what I mean.

Whoa, whoa, whoa buddy.

There's a little foam on your mouth.

I'm about to flash this cross on you, you vampire.

This is a clinic diagnosis case study for BDS, Bitcoin to Rangement Syndrome.

Bitcoin has got fleas on it.

You might as well burn your money.

This dude is insane.

I could tell he was crazy by how fast his mouth was moving and the fact that his hair didn't

move at all.

That's entirely too much product, my man.

You can tell someone has Bitcoin to Rangement Syndrome when they fly off the handle about

things that get a very simple question.

Bitcoin is an asset that is a protocol.

That'd be like you getting pissed off about people being excited about the internet or

Wi-Fi.

You can also tell someone has Bitcoin to Rangement Syndrome if they're constantly talking

about how Bitcoin is outperforming every other asset and they're a bit bitter in their

post about how they didn't invest in it back when it was early enough and they had an opportunity

to do so.

When you act people like sailor who are much more successful than you, you're either engagement

baiting or you're crazy.

But dudes like him aren't alone.

There's people like Peter Schiff, like the economist Stephen Keen who missed out on Bitcoin

early.

Who now says Bitcoin has no value because it requires energy to maintain and to create.

I wanted to come back to something you actually said earlier.

You talked about Bitcoin briefly.

I've heard you say that you think Bitcoin's going to zero.

Yeah.

Okay, this is worrying.

I think I have some Bitcoin.

You're an economist.

You're saying that Bitcoin is going to zero?

Why?

Because, ultimately, because of its reliance upon energy.

I mean, you know, you know, Max, you know, Max Karser and Stacey Herbert, if you met

them at all.

No.

They were sort of the original proselytizers for Bitcoin and they're now living in,

I think, El Salvador, which has adopted Bitcoin as a form of currency.

When they told me about Bitcoin, I could have bought it for a pound of Bitcoin, which would

have been, I would have been a bloody, maybe wealthier than you if I'd done that.

The reason I didn't, as they explained it, the way that the public ledger has kept

safe is that it takes too much energy to break it.

So each transaction requires 10 minutes of computer processing time globally, but it looks

of it to actually create an extra Bitcoin.

And that means it's too expensive for somebody to try to break the ledger.

That means it's got a huge requirement for energy use.

And I believe, knowing what I know from climate scientists, that at some point we're going

to realize we're using far too much energy on the planet, we've got to cut the energy

consumption.

And the two easy things to cut out to reduce energy consumption, cryptocurrencies and international

travel.

Let me give you another perspective.

A perspective from a $1.7 trillion asset manager.

They don't think that crypto is dead.

They think that people are crazy who think that it will be.

Name one overhyped and underhyped crypto narrative.

Overhyped crypto narrative crypto is dead.

I'm going to answer.

Every time there's a market pull back, crypto is dead.

This is the end of it.

Never happens.

Crypto is going to be around long after any of us are.

Underhyped?

Tradify coming into crypto is going to make crypto better.

Spicy.

Very spicy.

Yeah, overhyped.

I struggle with that one because I think fundamentally crypto is still very much underhyped.

Like it's just, it doesn't, the true innovation that it represents.

People have not appreciated it at all just yet.

This is something that Bitcoin hotlers don't know until it's too late, until they realize

that they're sitting on a gold mine of wealth that's going to be around a lot longer than

they are.

They realize that they can't unlock wealth from their Bitcoin without selling it.

And you know what?

Selling means taxes.

Selling means exiting your position and selling means that you lose.

And that's why let in fixes that.

Let in is tradify coming to Bitcoin, but for everybody else.

Let in allows you to get wealth from your Bitcoin without selling your Bitcoin.

It's a Bitcoin back loan.

You keep your stack.

You repay it at any time.

There's zero penalty, zero capital gains and zero monthly payments.

Let in just drop their lowest rates ever.

No fine print, no complexity, the larger your loan, the lower the rate.

Here's why I trust let in personally.

Bitcoin is custodyed all times and never lent out.

You get LTV or lifetime to value alerts so that you never get margin called out of your

position.

You can auto top up your loan at any time.

They've done $10 billion worth of loans and never lost a single center set of customer

money.

And that's why you should use the link below to get started.

Alright, people are a little bit crazy out there are people who trust the banks with

their wealth and believe that it's all safe and it's all theirs.

It's not.

It's called fractional reserve banking.

Bitcoiners have taken the other crazy approach, which is they take self custody of their Bitcoin.

But some of them have learned through YouTube videos and how to do it on their own in the

hard way, but you can get a coach at the Bitcoin way.

Members of their team will walk you through step by step of how to custody your Bitcoin like

a crazy person so that you can protect your wealth sovereignly.

Go to the Bitcoin way.com slash partner slash Dante dash cook to get started and a member

from their team will reach out and walk you through self custody and why it's so crazy.

There's some people out there who believe that the only way to have a world that is sustainable

is to move to net zero.

People like Mark Carney, the Canadian Prime Minister, we're having this ruthless relentless

focus on net zero because in the end, look, we can't stabilize the climate unless we

get to net zero.

And it's as simple.

These are hard numbers.

Your emissions are either A or B. They're going up or down.

And if they're going down, are they going down consistent with the science?

We can anchor it in the science.

The same science the UN and others use for the one and a half grade.

We're anchored in science.

We've heard that before.

Those people only want one thing, which is control over you, your decisions, and the

money that they're able to print to infinity.

What's more to range, sound money, spinning less than you earn, using the resources that

God gave us on this earth to power humanity in the things that we need to survive?

Or the fact that you can with a straight face, like leaders in California, say that you

need $125 billion to finish a project that's already lost tens of billions of dollars and

is not laid a single track.

What's more to range?

As we speak right now are the funds there to complete LA to San Francisco.

The entire amount of money we need, not there today.

How much do you estimate it's going to cost to connect high-speed rail San Francisco

LA?

We estimate with the right optimization just over $125 billion.

We need about $125 billion, but we have an understanding of how to get there.

So it's okay.

When you see the M2 money supply tripling since 2008 in the value of the dollar going down

38%, who's more deranged?

The people who believe in the dollar or people who have invested in Bitcoin?

When you see the Colorado Rockies rolling out the glizzilla, a 1 pound 23-inch hotdog

on a 19-inch sub-roll, it's retailing at $45 as a family meal.

You're going to call Bitcoiners crazy who want to save and invest their money in Bitcoin

because inflation is going through the roof?

What about the Texas Rangers who are rolling out nachos and brairos in order to make the

economics work for running a concession stand at a major league baseball game?

You're telling me inflation is not out of control?

You're telling me that people who invest in Bitcoin are crazy?

On a side note, of all the crazy things that I've seen this week, this one actually

had me questioning my own sanity.

Were dinosaurs ever real?

I got questions after looking at this graphic.

Bitcoin is deranged, yes, there is Trump's arrangement syndrome, yes, Bitcoiners are a

little bit crazy, yes, but there is Bitcoin's arrangement syndrome, but are we more crazy

than the people that are printing $39 trillion worth of debt like its water?

Do debts mean nothing?

Does endless war mean nothing?

Does volatility in markets mean nothing?

Do the fact that bonds have returned negative 17% over the last five years mean nothing

to you in real terms?

Bitcoiners are crazy, but we might be the most sane people on the planet right now.

And where are the people who predicted a lot of the stuff that's going on in the world

right now?

That's actually happening.

Maybe you should pay attention.

This is Dante Cocoa Bitcoin simply.

Happy stacking.

And if you're a crazy person who wants to get set at all hours of the day, when you sleep,

when you wake, when you're at work, well, you're probably mining Bitcoin like a crazy person.

But instead of doing it in your basement, you outsource it to satis mining.

The leaders in Bitcoin mining will help you buy a machine, keep it up and running and

send sets directly to your wallet.

They do it with 100% clean, renewable energy.

So crazy people like Mark Carney can actually be satisfied with a net zero mandate.

We're not going to run out of energy like Stephen Keen may make you to believe.

And if you believe those things, use the QR code to get started with satis mining.

That's BDS.