America’s DEBT Problem Just Got WORSE | Why Bitcoin Matters NOW! | Bitcoin Simply

Dante Cook (0:00)

Japan just dumped 90 billion in US treasuries to defend its own currency. And now, the US treasury is also signaling distress, saying that it's gonna buy back $14.5 billion of its own treasuries using its own currency. And the deficit spending situation is going from bad to worse.

Luke Gromen (0:17)

US true interest expense, which is gross interest plus entitlements plus Veterans Affairs are 105% of US receipts through fiscal third quarter of 2026 And they are growing 7.5% while receipts are growing 4%.

Dante Cook (0:35)

Interest payments on the debt hit $763 billion in the first 10 months of the fiscal year. And here's what's crazy. It's even more than defense spending, which is $728 billion. The last time that interest payments surpassed US military spending was in the late 1920s. And we all know what happened next after that. The fiscal situation is going from bad to worse. And some people think it's gonna explode, but I don't think it's gonna go down the way you think it will. What happens is these safe assets are becoming the source of risk. But I'm going to tell you why Bitcoin is taking their place, from the risky asset to being the safe asset, and why Bitcoin companies will be the most valuable companies on the planet. This is Dante Cook of Bitcoin Simply.

Let's go.

Fong Li (1:19)

Decades from now, I'd like Strategy to be the biggest company in the world.

And I would like us to be a fundamental part of bringing Bitcoin to all corners of the world, to people in third world countries, first world countries, to banks, to individuals, to institutions. And really making Bitcoin a mainstream asset class in life, potentially the most important one.

SPEAKER_4 (1:49)

Okay, like the biggest company in the world, bigger than NVIDIA, Meta, Google.

Fong Li (1:54)

Yeah, biggest in the world.

Dante Cook (1:55)

How can Fong Li be this confident in Bitcoin? How can he say that they're going to be one of the largest companies in the world? Bigger than NVIDIA, Meta, Google? It's because he sees the writing on the wall and the rewriting of the financial system. He understands that as a company, even his company, which was disrupted by tools and BI and AI and other technologies, can be disrupted. That is predictable, that they can put their capital behind as a company. But he's not the only one with that opinion. Before we go any further in our episode to show you why Bitcoin is becoming the safest and most valuable asset in the world, do subscribe if you get value from this content. We drop fire content like this seven days a week. And if you want to be as bullish as Fong Li, well, consider subscribing to Simply Bitcoin.

Let's get back to the episode. According to Prediction Markets, there's a 72% chance that Bitcoin closes higher than 82,500 this month. And that's because there's a macrostructural trade that's going on right now. The major capital markets are starting to turn to Bitcoin as the safe asset. Listen to Matt Cole, the CEO of Strive, one of the largest Bitcoin treasury companies.

Matt Cole (2:54)

But a structurally weaker dollar that could be down, call it 30% from its current levels as like a rough target over the next, you know, three to seven years, would be something we've never seen in Bitcoin's history. And it would, in my view, ignite a bull run in Bitcoin that we haven't seen before. Now, the next question becomes, you know, it's not just going to be Bitcoin that will likely benefit, scarce assets will benefit.

As much as I'm a Bitcoin maxi, I think gold will do really well. I think silver will likely do really well. But the question becomes, who is the fastest horse within these scarce assets? And I think, again, the technicals are starting to point towards Bitcoin reclaiming its role as its fastest horse during this best macro backdrop for scarce assets in Bitcoin short history, which then comes to point to like, well, if those things are happening, what should that mean for the price of Bitcoin? Which is why I've been saying that I think that $250,000 is too bearish for Bitcoin in this bull market. I mean, obviously, like, there's no cap to how high Bitcoin will go eventually because VIA continues to be debased and it's worthless, right? So in a sense, it's like, it doesn't, you know, Bitcoin will go to infinity, right? But over the next few years, I think it's structurally set up for a move to call it 500,000 to a million plus, which I think is more bullish than most of the market is now.