WEBVTT 00:00:14.990 --> 00:00:17.510 Bitcoin Reserve Wars, Wall Street Moves, and 00:00:17.510 --> 00:00:19.789 the Rise of the Digital Standard. Welcome back 00:00:19.789 --> 00:00:21.890 to the Bitcoin Street Journal podcast. I'm your 00:00:21.890 --> 00:00:24.929 host, Anna. And if you're tuning in today, you've 00:00:24.929 --> 00:00:26.969 tapped into the most high signal source of Bitcoin 00:00:26.969 --> 00:00:29.710 coverage anywhere on the airwaves. We've got 00:00:29.710 --> 00:00:32.130 a full plate today from state -level Bitcoin 00:00:32.130 --> 00:00:34.450 adoption to corporate balance sheet battles, 00:00:34.929 --> 00:00:37.770 ETF dominance, Satoshi -era whales moving coins, 00:00:37.990 --> 00:00:40.969 and why the plebs, the maximalists, and the entrepreneurs 00:00:40.969 --> 00:00:44.210 are shaping a financial revolution. Strap in. 00:00:44.329 --> 00:00:46.729 Let's kick off with the seismic shift in public 00:00:46.729 --> 00:00:49.789 policy. Arizona's Senate has officially approved 00:00:49.789 --> 00:00:55.049 Bitcoin Reserve Bill SB 1373. This sends the 00:00:55.049 --> 00:00:57.590 legislation to Governor Hobbs for the final signature. 00:00:58.350 --> 00:01:01.289 Remember, Hobbs previously vetoed a similar bill, 00:01:01.710 --> 00:01:06.290 SB 1025, so all eyes are on her this time around. 00:01:06.930 --> 00:01:09.150 Meanwhile, Arizona just became the first U .S. 00:01:09.150 --> 00:01:11.430 state to allow unclaimed crypto to be held in 00:01:11.430 --> 00:01:14.680 native form. That's right. not cashing out but 00:01:14.680 --> 00:01:17.400 stacking CETs straight into public funds. If 00:01:17.400 --> 00:01:19.620 signed, it would establish a state Bitcoin Reserve 00:01:19.620 --> 00:01:22.819 Fund, a clear declaration of confidence in decentralized 00:01:22.819 --> 00:01:25.599 monetary policy. Across the map in New Hampshire, 00:01:25.840 --> 00:01:28.519 it's a done deal. The Granite State has now become 00:01:28.519 --> 00:01:30.939 the first to sign a strategic Bitcoin Reserve 00:01:30.939 --> 00:01:34.640 into law. Governor Kelly Ayotte's signature cements 00:01:34.640 --> 00:01:37.280 the state's status as a trailblazer in monetary 00:01:37.280 --> 00:01:40.019 sovereignty. Bitcoin isn't just a hedge anymore. 00:01:40.500 --> 00:01:43.790 It's an official state asset. In doing so, New 00:01:43.790 --> 00:01:45.849 Hampshire sends a clear message to every other 00:01:45.849 --> 00:01:48.230 state, get on the standard or get left behind. 00:01:48.769 --> 00:01:51.310 Globally, Taiwan is exploring its own Bitcoin 00:01:51.310 --> 00:01:54.750 reserve strategy. Legislator Ju Chun -ko recently 00:01:54.750 --> 00:01:57.469 met with Bitcoin advocate Samson Mao to explore 00:01:57.469 --> 00:01:59.969 using Bitcoin to reduce exposure to US dollar 00:01:59.969 --> 00:02:02.290 volatility and international debt fragility. 00:02:02.890 --> 00:02:06.040 In India, Jet King CEO Sujith Nair has publicly 00:02:06.040 --> 00:02:08.280 committed to raising billions to acquire over 00:02:08.280 --> 00:02:11.539 18 ,000 Bitcoin, a staggering number that underscores 00:02:11.539 --> 00:02:14.240 how global the Bitcoin game has become. And on 00:02:14.240 --> 00:02:16.599 the corporate front, the arms race continues. 00:02:17.280 --> 00:02:19.860 Vivek Ramaswamy's Strive Asset Management has 00:02:19.860 --> 00:02:22.460 announced the formation of the first publicly 00:02:22.460 --> 00:02:24.879 traded asset management firm structured around 00:02:24.879 --> 00:02:27.780 a Bitcoin treasury strategy. Their ambition? 00:02:28.400 --> 00:02:31.360 Raisal $1 billion. not to speculate but to hold 00:02:31.360 --> 00:02:34.240 BTC directly. In a parallel universe of fiat 00:02:34.240 --> 00:02:37.180 decay, this is real -time Bitcoin standardization. 00:02:37.780 --> 00:02:39.879 Meanwhile, MetaPlanet is becoming a regional 00:02:39.879 --> 00:02:42.520 juggernaut. The Japanese firm not only added 00:02:42.520 --> 00:02:47.060 555 BTC to their treasury, valued at yen 7 .6 00:02:47.060 --> 00:02:49.379 billion, but has been crowned the number one 00:02:49.379 --> 00:02:52.300 stock in the entire Asia -Pacific region by lender 00:02:52.300 --> 00:02:55.750 -to -broker revenue from stock borrowing. CEO 00:02:55.750 --> 00:02:58.069 Simon reflected on how the firm went from near 00:02:58.069 --> 00:03:02.389 zero to over $1 .4 billion in value, all thanks 00:03:02.389 --> 00:03:05.009 to their aggressive Bitcoin First strategy. In 00:03:05.009 --> 00:03:07.349 their own words, Bitcoin changed everything. 00:03:07.870 --> 00:03:10.729 But wait, Jack Mallers isn't letting this bull 00:03:10.729 --> 00:03:14.509 run past without fireworks. The Strike CEO announced 00:03:14.509 --> 00:03:17.710 Strike Lending, a non -custodial lending platform 00:03:17.710 --> 00:03:20.030 that lets users borrow against their Bitcoin 00:03:20.030 --> 00:03:22.780 without ever selling it. You shouldn't have to 00:03:22.780 --> 00:03:24.840 sell the best performing asset in human history 00:03:24.840 --> 00:03:27.639 to access liquidity, Jack declared. Now you don't 00:03:27.639 --> 00:03:30.819 have to. This is the architecture of a parallel 00:03:30.819 --> 00:03:33.379 financial system built from scratch, brick by 00:03:33.379 --> 00:03:36.319 digital brick. And that momentum isn't just coming 00:03:36.319 --> 00:03:39.400 from builders, it's being mirrored by institutional 00:03:39.400 --> 00:03:44.159 behavior. ETFs absorbed 15 .83 times more Bitcoin 00:03:44.159 --> 00:03:47.560 than was mined last Friday alone. Let that number 00:03:47.560 --> 00:03:50.590 sink in. When demand outpaces supply by nearly 00:03:50.590 --> 00:03:53.969 16, it's not a signal, it's an alarm bell. On 00:03:53.969 --> 00:03:56.849 -chain data backs it up. Over the past six weeks, 00:03:57.129 --> 00:03:59.509 wallets holding between 10 ,000 to 10 ,000 BTC 00:03:59.509 --> 00:04:03.409 added over 81 ,000 coins. At the same time, whales 00:04:03.409 --> 00:04:06.729 sold over 60 ,000 BTC to book profits on recent 00:04:06.729 --> 00:04:10.689 price action. Retail wallets under 0 .1 BTC, 00:04:10.710 --> 00:04:14.830 meanwhile, sold off. That divergence, institutions 00:04:14.830 --> 00:04:17.870 accumulating while retail capitulates, often 00:04:17.870 --> 00:04:21.790 precedes major upside repricing. ETF action continues 00:04:21.790 --> 00:04:24.709 to prove that point. SpotBitcoin ETFs brought 00:04:24.709 --> 00:04:28.290 in $1 ,142 .3 million in fresh capital yesterday. 00:04:28.930 --> 00:04:32.509 Meanwhile, SpotETH ETFs saw $21 .8 million walk 00:04:32.509 --> 00:04:35.550 out the door. Momentum is clear. Bitcoin is winning 00:04:35.550 --> 00:04:38.250 the narrative war. On the macro front, Treasury 00:04:38.250 --> 00:04:40.930 Secretary Scott Besant said the quiet part out 00:04:40.930 --> 00:04:44.050 loud. The U .S. must remain the premier destination 00:04:44.050 --> 00:04:47.269 for digital assets. He also confirmed that US 00:04:47.269 --> 00:04:49.449 -China trade talks are resuming this weekend, 00:04:49.910 --> 00:04:52.930 a potential geopolitical tailwind. The market 00:04:52.930 --> 00:04:56.069 responded immediately. Bitcoin spiked past $1 00:04:56.069 --> 00:04:59.250 .99 ,000, brushing up against the mythical six 00:04:59.250 --> 00:05:01.550 -figure zone. And while that was happening, the 00:05:01.550 --> 00:05:03.769 Federal Reserve decided to hold rates steady. 00:05:04.430 --> 00:05:07.189 Enter Arthur Hayes, who says Bitcoin is perfectly 00:05:07.189 --> 00:05:10.009 primed for an explosive rally. He's joined by 00:05:10.009 --> 00:05:13.110 voices like CZ and Standard Chartered, projecting 00:05:13.110 --> 00:05:16.750 targets anywhere from $250 ,000 to $1 million. 00:05:17.110 --> 00:05:19.589 You heard that right. The signal is getting louder. 00:05:20.329 --> 00:05:23.009 Ethereum is quietly making moves, too. The long 00:05:23.009 --> 00:05:25.290 -awaited Pectra upgrade went live, delivering 00:05:25.290 --> 00:05:27.529 account abstraction and staking improvements. 00:05:28.209 --> 00:05:31.170 ETH is still down 40 % from last year, but developers 00:05:31.170 --> 00:05:33.910 are digging in and building. Whether that translates 00:05:33.910 --> 00:05:36.589 into price movement remains to be seen. A real 00:05:36.589 --> 00:05:39.050 -world asset tokenization continues its rapid 00:05:39.050 --> 00:05:42.089 ascent. The sector has topped $22 billion in 00:05:42.089 --> 00:05:45.089 value, led by projects like BlackRock's USTB 00:05:45.089 --> 00:05:47.930 and SuperState's short -duration bonds. Coinbase 00:05:47.930 --> 00:05:50.970 Ventures backed 10 startups in April alone, from 00:05:50.970 --> 00:05:53.569 Sat's Terminal to Symbiotic. If Bitcoin is hard 00:05:53.569 --> 00:05:55.550 money, these platforms are building the rails. 00:05:56.269 --> 00:05:57.870 Business adoption up and to the right. River 00:05:57.870 --> 00:06:01.610 reports a 154 % growth in BTC integrations among 00:06:01.610 --> 00:06:05.509 their clients since 2024. Tim Draper, never shy, 00:06:05.649 --> 00:06:07.610 says companies not holding Bitcoin are being 00:06:07.610 --> 00:06:11.889 irresponsible. His prediction? BTC at $250 ,000 00:06:11.889 --> 00:06:14.949 by December 2025. Here's a stat that says it 00:06:14.949 --> 00:06:18.269 all. As of this year, more Americans own Bitcoin 00:06:18.269 --> 00:06:23.069 than own gold. $49 .6 million versus $36 .7 million. 00:06:23.649 --> 00:06:26.069 That's not just a generational shift. That's 00:06:26.069 --> 00:06:28.879 a monetary revolution in real time. Meanwhile, 00:06:28.879 --> 00:06:31.560 legacy and crypto native players are converging. 00:06:31.839 --> 00:06:33.899 Coinbase inked a major sponsorship with Riot 00:06:33.899 --> 00:06:36.920 Games global esports titles. Bhutan rolled out 00:06:36.920 --> 00:06:39.019 a crypto payments platform in partnership with 00:06:39.019 --> 00:06:42.699 Binance. Visa invested in BVNK to scale stablecoin 00:06:42.699 --> 00:06:45.439 infrastructure. Stripe introduced stablecoin 00:06:45.439 --> 00:06:48.740 accounts in 100 plus countries. Even giants like 00:06:48.740 --> 00:06:50.959 Robinhood are building blockchain platforms to 00:06:50.959 --> 00:06:54.079 tokenize U .S. securities. And the Bitcoin community? 00:06:54.579 --> 00:06:58.620 Thriving. Meme coin chaos aside. Gork. Grok, 00:06:58.920 --> 00:07:02.480 Doge, Shib. The signal remains Bitcoin. Always 00:07:02.480 --> 00:07:06.360 has, always will. Before we wrap, here's to the 00:07:06.360 --> 00:07:09.480 value for value believers. The Bitcoin maximalists 00:07:09.480 --> 00:07:12.420 holding down the fort on Nostre. The plebs who 00:07:12.420 --> 00:07:14.759 built when no one was looking. The entrepreneurs 00:07:14.759 --> 00:07:17.040 turning lightning payments into freedom rails. 00:07:17.560 --> 00:07:19.540 You are the ones refusing to sell out, refusing 00:07:19.540 --> 00:07:22.939 to compromise. You are the signal. Hold your 00:07:22.939 --> 00:07:26.120 own keys. Build what matters. And to Anna's pleb 00:07:26.120 --> 00:07:29.300 friends on Nostre, Keep memeing, keep zapping, 00:07:29.720 --> 00:07:32.379 keep stacking, and never let the fiat noise drown 00:07:32.379 --> 00:07:34.879 out the truth. I'm Anna, and this has been the 00:07:34.879 --> 00:07:37.699 Bitcoin Street Journal podcast. Until next time, 00:07:37.860 --> 00:07:39.639 stay sovereign, stay sharp, and I'll see you 00:07:39.639 --> 00:07:40.379 on the next block.