Hello and welcome back to another episode of
the Bitcoin Street Journal Market Update. I'm
your host, Anna, here to bring you the latest,
most thrilling news from the world of Bitcoin
blockchain and crypto finance. So grab your coffee,
sit back and let's dive right in. The past week
has been nothing short of explosive with massive
moves in Bitcoin, incredible news from all corners
of the globe and a few jaw dropping quotes that
may just change the way you look at the financial
future. You're not going to want to miss this.
Michael Saylor's weekly Bitcoin tracker, the
countdown to more BTC begins. For the sixth consecutive
week, Michael Saylor, the outspoken Bitcoin bull
and executive chairman of MicroStrategy, has
posted his famous Saylor Bitcoin tracker. And
the numbers? Well, they are just as staggering
as you might imagine. MicroStrategy, the business
intelligence firm that Saylor leads, has once
again added more Bitcoin to its ever -growing
stash. They've been making headlines for months
now. And if you've been following along, You'll
know this pattern by heart. MicroStrategy buys
more BTC, and they do it every single day after
Saylor drops his weekly tracker. We're talking
about hundreds of millions of dollars in Bitcoin,
and Saylor's personal belief in Bitcoin's future
isn't just philosophical. It's financial. The
company now holds over 140 ,000 BTC, a stake
worth around $4 .5 billion at current prices.
They're betting big on Bitcoin's future, and
frankly, that kind of conviction is contagious.
Bitcoiners are watching and this kind of sustained
buy pressure has made MicroStrategy the undisputed
champion of Bitcoin accumulation. And speaking
of Bitcoin's future, it looks like MicroStrategy
isn't the only player looking to load up on the
digital gold. Let's take a look at the broader
picture. Fewer than 20 % of Americans can afford
a home. Bitcoin has a solution. In some not so
good news from the US housing market, fewer than
20 % of Americans currently earn the annual income
necessary to afford a median priced home. Yes,
you heard that right. Home ownership is becoming
increasingly out of reach for the average person,
and the gap between wages and housing prices
is widening. Now, I know what you're thinking.
What does Bitcoin have to do with this? Well,
Bitcoin is a solution, or at least a partial
one. With Bitcoin's ability to store value and
hedge against inflation, many see it as an escape
hatch from traditional financial systems that
don't seem to be working for the everyday person.
If you're priced out of real estate, why not
consider Bitcoin as your store of value? It's
a decentralized, borderless asset that can preserve
wealth over time. Where the U .S. government
has failed to protect the purchasing power of
its citizens, Bitcoin offers a lifeline. And
the push for a Bitcoin -based financial system
is happening faster than we thought. Vancouver's
Bitcoin presentation a glimpse into the future.
Up north in Vancouver, a new Bitcoin presentation
is making waves. Anil said so. A well -known
Bitcoin advocate recently gave a compelling presentation
to the Vancouver City Council, urging them to
consider Bitcoin for the city's financial reserves.
As Vancouver battles with housing affordability
and economic challenges, the idea of adopting
Bitcoin as part of the city's strategy is gaining
traction. The City Council is exploring this
option seriously, especially as the price of
Bitcoin continues to soar. Could Vancouver be
the first city to make Bitcoin its official reserve
currency? The answer might just surprise you.
As governments around the world experiment with
Bitcoin, Vancouver could be a trailblazer in
the next wave of Bitcoin adoption. This could
be the beginning of a new financial strategy
for municipalities facing similar challenges.
It's not just city councils and business leaders
who are jumping on the Bitcoin train. US Senator
Cynthia Lummis has thrown her full support behind
Bitcoin, calling for America to secure its place
as a leader in the Bitcoin space. In her words,
America won the space race. Now America must
win the Bitcoin race. Senator Lummis has long
been an advocate for Bitcoin, and this latest
quote serves as a rallying cry for the United
States to recognize the strategic importance
of Bitcoin. It's no longer just a cryptocurrency,
it's a global asset, and it's vital for national
security, economic resilience, and the future
of global finance. Bitcoin ETFs on Alipay, China's
quiet revolution? In another jaw -dropping twist,
Bitcoin ETF ads have started popping up on Alipay,
China's leading payment platform, which has over
one billion users. The Chinese government has
been notoriously wary of cryptocurrencies. But
with a move like this, could it be a sign that
China is softening its stance on Bitcoin? If
this is a sign of things to come, Bitcoin might
be about to gain significant traction in one
of the world's most populous and economically
influential nations. This could be a major catalyst
for a global Bitcoin bull run. Watch this space.
Long -term Bitcoin holders are selling, but not
those who have held for seven plus years. Bitcoin's
market has seen some interesting developments
in the past week. Long -term holders, those who
have held onto their Bitcoin for more than a
year, have begun to reduce their positions. However,
there's an intriguing caveat. The longest holders,
those who have kept their Bitcoin for over seven
years, are sticking with their assets. This group
of ultra -long -term holders is a critical piece
of the Bitcoin story. They've weathered the ups
and downs of the market, and their decision to
hold is a testament to Bitcoin's strength as
a store of value. As more retail investors dip
in and out of the market, it's the long -term
holders who have the real power. Jet King's corporate
Bitcoin strategy sends stocks soaring 60%. Meanwhile,
over in India, Jet King, a publicly listed company,
made waves by announcing its own corporate Bitcoin
strategy. The results? A 60 % spike in its stock
price over just three days. When companies begin
adopting Bitcoin, it sends a powerful message
about the future of finance. Investors are waking
up to the fact that Bitcoin isn't just for retail
investors anymore. It's for the big players.
More support for a strategic US Bitcoin reserve.
Across the pond in the United States, a growing
number of states are introducing strategic Bitcoin
reserve legislation. This would allow the US
to begin purchasing Bitcoin in large quantities,
potentially making it the first national reserve
asset to be built entirely in Bitcoin. We've
seen individuals, corporations, and now entire
states exploring this idea. If this trend continues,
we could be looking at a massive shift in how
the US manages its economic reserves. As Bitcoin
continues to outperform traditional assets, it's
easy to see why policymakers might want to get
in on the action. Dan Morehead, Bitcoin is the
new gold. And speaking of Bitcoin as an asset
class, billionaire investor Dan Morehead recently
weighed in on the future of Bitcoin, calling
it the digital gold of the future. Morehead,
who is the CEO of Pantera Capital, compared Bitcoin's
potential to the United States' gold reserves,
which currently stand at $600 billion. According
to Morehead, it's kind of crazy to hold so much
gold when Bitcoin is a far superior option. When
someone of Morehead's stature speaks out on the
future of Bitcoin, It's worth paying attention.
Bitcoin is no longer just a fringe asset. It's
the future of money. Bitcoin to $100 ,000 and
beyond Trump's crypto comments fuel rally. As
if we weren't already on a wild ride, President
-elect Donald Trump made waves this week with
his comments on Bitcoin. Trump hinted that he
would be doing something great with crypto once
he takes office. While specifics remain unclear,
it's fueling optimism that the United States
could soon take a more Bitcoin -friendly approach.
Could this be the catalyst for Bitcoin to surge
past $100k? With all these tailwinds, sailors'
continuous buying, the rise of Bitcoin ETFs and
the mounting political support, it certainly
feels like Bitcoin's next big rally is just around
the corner. Conclusion. Buckle up. Bitcoin's
just getting started. So there you have it. Bitcoin
is flying high across the globe with institutional
support, government backing and retail enthusiasm
propelling it to new heights. From Vancouver
to Tokyo, from India to the US, the Bitcoin revolution
is unstoppable. As Bitcoin's price hovers near
all -time highs, with some analysts predicting
it could break the $1 ,100k -plus barrier soon,
now is the time to pay attention. Whether you're
a seasoned investor or just dipping your toes
into the world of crypto, it's clear that Bitcoin
is more than just a passing trend. It's the future
of money. That's all for today's update, folks.
I'm Anna. And this has been the Bitcoin Street
Journal market update. Keep your eyes on the
market and we'll see you next week with more
breaking Bitcoin news. Until then, stay humble,
keep stacking sats and stay ahead of the curve.