Why Bitcoin’s 22% Rise Is Just The Beginning! | Bitcoin Simply

**Jordy Visser** (0:00)
I'm gonna keep quiet on Bitcoin until the tape tells me that it's time to be loud again. It's time to be loud again.

**Dante Cook** (0:05)
If you've been sleeping on Bitcoin, it's time to wake up, 22%.
That's how much Bitcoin ripped in the last couple days. And according to Jordy Visser, this wasn't just another week, it was historic.

**Jordy Visser** (0:16)
So far, this is a seven sigma week in Bitcoin. There's only been three in the last decade that were greater than five.

**Dante Cook** (0:25)
We just experienced the type of statistical move where Bitcoin is only done three times in the last 10 years. And here's where it gets interesting, because the biggest catalyst hasn't even happened yet. The Clarity Act is still sitting in Washington awaiting a vote. Institutional money is just starting to pour back into the ETFs. Something big is happening. Ray Dalio, who's been one of the biggest critics of Bitcoin, is now saying that people should invest in the Bitcoin. In five days from now, Bitcoin could get the biggest boost that it's ever seen, because the Fed Chair, Kevin Warsh, presents a Jackson Hole for the first time. If he signals easier money, things could get absolutely nutty. Today, we're going to answer two questions. Why did Bitcoin jump 22% in the last few days? And is this rally sustainable? Even if Kevin Warsh is more hawkish than people expect. If Jordy is right, and I think he is, it's time to get loud again. This is Dante Cook with Bitcoin Simply. Let's go.
Before we talk about $77,000 Bitcoin, I want you to hear this clip.

**Joe Kernan** (1:25)
I had a guy call it a worth less than a bucket full of piss, is what he called it. That was at $58,000. That was right at $58,000.
And it's a guy who's been a perma bear in a lot of different areas. And that was enough for me to think this is a great time to buy.

**Dante Cook** (1:43)
My guy, Joe Kernan, says that he knows someone that says Bitcoin wasn't worth a bucket of piss. That and Jim Kramer saying he sold all his Bitcoin should have been all of the ammo that you needed to back up the truck. But that dude was probably one of the big money players who got wiped out, because Bitcoin moved from 63,000 to 72,000 like that. And that means someone probably got caught off sides with a huge short position. This is Bitcoin Simply, so I'm going to explain to you what it means when they say traders get wiped out who were short. When people are bearish or negative on an asset, they can take what's called a short position. They can borrow shares which are sold immediately by an exchange. You can do this illegally if you're a market maker and do what's called a naked short, but that's not here or there for this episode. Traders were piling into short Bitcoin positions with all of the negative news. The war in Iran, the Clarity Act not being passed, Michael Saylor and Strategy selling Bitcoin. They were expecting Bitcoin's price to continue going lower. But when the price goes against you, exchanges need to call those shares that you borrowed short and they sell them, which creates higher prices and then more short traders get liquidated, creating a waterfall, which is exactly what happened. This was the largest short squeeze since November of 2024, which registered just 5.38 according to this research analyst. And this one was 6.94, a short squeeze for the ages. But it wasn't just a short squeeze. It was the big players, the big institutions, Fidelity and BlackRock getting back into the game. Of the 20 largest inflows within a week into Bitcoin ETFs, this one was 18th. So this means although it was big, we're just getting started. But there's something bigger going on. And when Jordy speaks, I tend to listen. This is why what he said caught my attention.

**Jordy Visser** (3:19)
Bitcoin needs to be in people's portfolio because it is a hedge against abundance. It cannot be destroyed because it is built on beliefs.
Beliefs that it will have a store of value, just like gold, except for one thing, it's digital.
And so I think everyone needs to adjust their views. And my job has always been, I'm going to keep quiet on Bitcoin until the tape tells me that it's time to be loud again. It's time to be loud again.

**Dante Cook** (3:44)
He's been the one saying that he's going to wait for the tape. He's going to wait for things to meaningfully change before he gets back onto the bull of being a Bitcoin bull again. But he said it's time to get loud again. But there's one thing that could be standing between Bitcoin's price right now and another massive bull market. And that's Kevin Warsh. In five days, the biggest play in macro theater is happening. The Fed chair goes and speaks at the Jackson Hole and the market moves wildly based upon what he says or what he doesn't say. Three potential outcomes. Does Warsh blink and actually cut rates from 3.75% to something lower? Well, if that happens, Bitcoin goes to the moon. But here's two other scenarios. He tells the market that inflation is dangerous, yields are going to climb, the dollar is going to strengthen, and rates actually go up. That's a possibility. Another possibility is he says nothing and we continue to chop sideways. But I'm completely okay with that. This has been one of the most negative periods in Bitcoin's history. And Bitcoin's been unaffected.