Why Trump’s $5K Check Is Generational Wealth With Bitcoin! | Bitcoin Simply

Dante Coco (0:00)

Bitcoin's price crashed $1,200 yesterday and dropped below $77K. But why? Because, wait for it. The PPI index came in 0.1% higher than expected, and weekly jobless claims came in at $206,000 versus $205,000. And at the same time, we got the President of the United States promising generational wealth.

SPEAKER_2 (0:20)

I will issue a dividend to every adult citizen in the United States of America for $5,000.

Dante Coco (0:29)

Donald Trump is promising every American a $5,000 stimulus check if the Republicans win the midterms and you're selling Bitcoin. The $1,200 stimulus check that the government gave to everyone in 2020 is now worth almost $14,000 if you invested in Bitcoin. And this makes Trump's promise for a $5,000 check to every American one of the greatest opportunities for generational wealth for the average person that we've ever seen. That's if you had Bitcoin. And on top of this, why would you sell Bitcoin if you have one of the greatest backward backdrops that we've ever seen? If you want to create a lifetime worth of wealth, it might be time to pay attention. This is Dante Coco, Bitcoin Simply. Let's go.

All right, y'all, this is not a simulation. This is not a drill. This actually happened. This sound bite that we're about to play from the president actually came out of his mouth at the Republican National Convention in Dallas yesterday.

SPEAKER_2 (1:21)

Because we've done so well and because our country is making so much money that only I can make this promise to you. And here is my promise. If the Republicans win the House of Representatives and the United States Senate, both of them, because of our economic, tremendous economic success, like in history, we've never had anything like what's happening. But because of our tremendous strength and success economically, I will issue a dividend to every adult citizen in the United States of America for $5,000.

Very much like a successful company will do a cash distribution to its shareholders.

Dante Coco (2:26)

This may be the greatest meme and soundbite since Oprah Winfrey's You Get A Car. This would be awesome if it happened, but essentially he's bribing the American voter by saying that, if you vote for me, you're going to get a stemmy check in your pocket. This is wild and unprecedented. And you know what happened to Bitcoin yesterday? It fell. PPI came in at 5.4% versus 5.3%.

It's crazy because this might be one of the greatest opportunities for generational wealth that we've ever seen, and people are actually selling. When me and the boys heard this, you know what time we were on.

That $1,200 stimulus check that was given to us in April 15th of 2020 is now worth $14,000 if you would have bought Bitcoin. That means $5,000 worth of stimulus in 2028 money will be worth like $50 grand, enough for you to buy like a Toyota Prius or something. Or for most people, pay off their house or college debt, or actually buy their first home. With the median home price being about $400,000 in America. Like you're selling Bitcoin with the greatest macro backdrop brewing that we've ever seen. The president is saying he's going to give out a $5,000 stimulus check, oil cracking $100 a barrel, US debt reaching $40 trillion and growing at over a trillion a year. Inflation has been above the 2% target for 60 months. And when the Fed tries to raise rates, we've got the AI boom and the Fed has pressure to cut rates. Meanwhile, they haven't been below their inflation target in over five years. The crazy part is that if you look at the price of Bitcoin, you still have a chance to buy this asset at less than $80,000 a coin. It's almost comical.

And speaking of comedy, I think comedy is one of the last places in America where people can actually hear and see the truth. It's almost like comedians are able to predict the future. Let's go back to 2006 A not-so-funny movie from the creators of The Office came out called Idiocracy, starring Luke Wilson and Dax Shepard and Terry Crews as President Camacho. Listen to this clip from this video and you'll see why comedy actually is truth.

SPEAKER_3 (4:23)

What the hell is going on with this election? I hear these kids just talking about jobs all the time. Jobs this and jobs that. I don't give a damn about no jobs. People don't need no jobs. I'm gonna tell you what people need, huh? People need money. Lots and lots of money.

That's why the only jobs I'm gonna create are gonna be down at the mint. That's right. We're gonna print so much damn money, I'm gonna give every single American one million dollars.