WEBVTT 00:00:19.050 --> 00:00:21.850 Ladies and gentlemen of Bitcoin Street, it's 00:00:21.850 --> 00:00:24.510 time to buckle your seatbelt, secure that hardware 00:00:24.510 --> 00:00:27.469 wallet, and grab the finest orange juice Saties 00:00:27.469 --> 00:00:30.629 can buy because we are back broadcasting across 00:00:30.629 --> 00:00:33.869 the Nostra Galaxy, the RSS rabbit hole, and the 00:00:33.869 --> 00:00:36.170 YouTube time chain with the Bitcoin Street Journal 00:00:36.170 --> 00:00:39.170 podcast. Today's top story, when you finally 00:00:39.170 --> 00:00:41.649 become the whole coiner in the family. You know 00:00:41.649 --> 00:00:44.310 that moment. Your cousin is still shilling index 00:00:44.310 --> 00:00:47.009 funds, your brother -in -law just maxed his Roth 00:00:47.009 --> 00:00:50.130 IRA with bond ETFs, and your sister's bragging 00:00:50.130 --> 00:00:52.729 about her high -yield savings account. But you? 00:00:53.369 --> 00:00:55.250 You're sitting at Thanksgiving like a digital 00:00:55.250 --> 00:00:58.630 asset warlord with your full Bitcoin. No KYC. 00:00:58.890 --> 00:01:01.409 No regrets. You are him. You are her. You are 00:01:01.409 --> 00:01:04.590 whole coin or prime. But hold up. This isn't 00:01:04.590 --> 00:01:06.950 just a personal milestone. It's a geopolitical 00:01:06.950 --> 00:01:09.409 one. Because President Trump's executive director 00:01:09.409 --> 00:01:11.629 is now saying it out loud, the United States 00:01:11.629 --> 00:01:14.510 wants to win the space race to accumulate as 00:01:14.510 --> 00:01:17.650 much Bitcoin as possible. Let that sink in. The 00:01:17.650 --> 00:01:20.030 new space race isn't Mars. It's not satellites. 00:01:20.430 --> 00:01:22.890 It's not weapons. It's who can stack more sats 00:01:22.890 --> 00:01:25.250 faster than the fiat system collapses under its 00:01:25.250 --> 00:01:28.409 own bloated spreadsheet. And spoiler, the ETFs 00:01:28.409 --> 00:01:31.290 are winning. Market metrics, BTC price plus dominance. 00:01:31.579 --> 00:01:33.620 Let's check the vital signs before we dig in 00:01:33.620 --> 00:01:38.200 deeper. Bitcoin price, $107 ,942. Market cap 00:01:38.200 --> 00:01:42.500 dominance, 53 .6%. Supply on exchanges, a record 00:01:42.500 --> 00:01:46.239 low under 7 .1%. Percentage of Bitcoin unmoved 00:01:46.239 --> 00:01:50.079 in the last year, 63%. A new all -time high for 00:01:50.079 --> 00:01:53.439 HODL conviction. ETFpocalypse. It's happening 00:01:53.439 --> 00:01:57.340 faster than anyone expected. SpotBitcoin ETFs 00:01:57.340 --> 00:02:01.640 bought 26 ,700 BTC just in the first few weeks 00:02:01.640 --> 00:02:05.659 of May. And miners? They've only produced 7 ,200 00:02:05.659 --> 00:02:08.379 in that same time. Ladies and gentlemen, we now 00:02:08.379 --> 00:02:11.280 have a full -blown supply crunch. BlackRock alone 00:02:11.280 --> 00:02:15.479 added 1 ,250 BTC this week and now holds over 00:02:15.479 --> 00:02:20.259 633 ,000 BTC worth $66 billion. That's not just 00:02:20.259 --> 00:02:23.199 accumulation. That's invasion. Corporate America 00:02:23.199 --> 00:02:25.639 is hoovering up Bitcoin like it's wartime steel. 00:02:26.259 --> 00:02:29.419 Even MetaPlanet in Japan added 1 ,004 BTC this 00:02:29.419 --> 00:02:33.180 week. Their total stack is now 7 ,800 BTC, and 00:02:33.180 --> 00:02:35.560 their stock just leapfrogged Toyota, SoftBank, 00:02:35.659 --> 00:02:39.120 and Nintendo in trade volume. El Salvador quietly 00:02:39.120 --> 00:02:43.139 stacking up to $644M in BTC reserves, sixth largest 00:02:43.139 --> 00:02:45.389 sovereign holder on Earth. Steak and Shake even 00:02:45.389 --> 00:02:48.050 posted a rocket ship GIF. So if you were wondering 00:02:48.050 --> 00:02:50.550 when Normie Brands would get on board, congrats! 00:02:50.930 --> 00:02:53.270 We're officially in the burger joint goes interstellar 00:02:53.270 --> 00:02:55.849 phase of Bitcoin adoption. Michael Saylor versus 00:02:55.849 --> 00:02:59.289 the mob. MicroStrategy, excuse us, Strategy, 00:02:59.789 --> 00:03:03.569 dropped another $7 ,390 BTC this week for a cool 00:03:03.569 --> 00:03:07.430 $764 million, pushing their total holdings to 00:03:07.430 --> 00:03:12.189 $576 ,230 BTC. That's over $1 .40 billion in 00:03:12.189 --> 00:03:14.389 raw digital gold. But wait, what's that sound? 00:03:14.909 --> 00:03:17.930 Oh right, that's the sound of the SEC, a class 00:03:17.930 --> 00:03:20.229 action lawsuit, and half of Wall Street foaming 00:03:20.229 --> 00:03:23.509 at the mouth. The charge? Alleged misleading 00:03:23.509 --> 00:03:25.750 disclosures around Sailor's aggressive Bitcoin 00:03:25.750 --> 00:03:29.509 treasury tactics. Our take? If buying BTC at 00:03:29.509 --> 00:03:31.830 every price point since $1 .10 ,000 is a crime, 00:03:32.389 --> 00:03:34.800 then Sailor is guilty of being a legend. The 00:03:34.800 --> 00:03:39.259 man has a 16 .3 % YTD yield, an average buy price 00:03:39.259 --> 00:03:43.699 of $69 ,000, and he's now in the S &P 500 qualification 00:03:43.699 --> 00:03:47.960 zone. Respect? Custody is political. Jamie Dimon 00:03:47.960 --> 00:03:50.439 of JP Morgan Chase, yes, the man who once called 00:03:50.439 --> 00:03:53.020 Bitcoin a fraud, just said his clients can now 00:03:53.020 --> 00:03:56.020 buy Bitcoin. But wait, he refuses to custody 00:03:56.020 --> 00:03:59.620 it. Translation? You can buy the digital asset 00:03:59.620 --> 00:04:01.819 I told you not to buy, but... I won't hold it 00:04:01.819 --> 00:04:03.860 for you because I don't want your private keys 00:04:03.860 --> 00:04:06.740 getting anywhere near my fiat throne. Meanwhile, 00:04:06.900 --> 00:04:09.240 an Australian judge ruled that Bitcoin is legally 00:04:09.240 --> 00:04:11.900 money, potentially exempting it from capital 00:04:11.900 --> 00:04:15.439 gains tax. Imagine that. Clarity from the courts 00:04:15.439 --> 00:04:18.259 while US regulators delay every ETF decision 00:04:18.259 --> 00:04:20.860 like a broken vending machine. Plastic goes peer 00:04:20.860 --> 00:04:23.500 to peer. Now to the future of spending. Visa 00:04:23.500 --> 00:04:26.470 and MasterCard just went full on crypto. They've 00:04:26.470 --> 00:04:29.089 partnered with Aqua Wallet and MoonPay to launch 00:04:29.089 --> 00:04:31.410 Bitcoin and stablecoin spending cards usable 00:04:31.410 --> 00:04:35.110 at 150 million -plus merchants worldwide. Stablecoin's 00:04:35.110 --> 00:04:37.550 at the gas pump. Saytee's at your smoothie shop. 00:04:38.029 --> 00:04:40.050 Permissionless peer -to -peer commerce is live 00:04:40.050 --> 00:04:42.569 on the rails of TradFi. It's not quite lightning, 00:04:42.689 --> 00:04:45.370 but it's a start. Global game theory goes nuclear. 00:04:45.910 --> 00:04:48.189 Let's connect the dots. Trump's executive director 00:04:48.189 --> 00:04:50.649 says we're in a Bitcoin space race. The Texas 00:04:50.649 --> 00:04:52.689 House is debating a state -run Bitcoin reserve. 00:04:52.970 --> 00:04:56.269 US senators are publicly saying Bitcoin ETF issuers 00:04:56.269 --> 00:04:58.230 will be the largest holders of US treasuries 00:04:58.230 --> 00:05:00.990 on earth. You heard that right. The people selling 00:05:00.990 --> 00:05:03.009 debt will be holding the hardest money on the 00:05:03.009 --> 00:05:05.329 planet. If that's not poetic justice, I don't 00:05:05.329 --> 00:05:08.449 know what is. Meanwhile, the Genius Act, a bill 00:05:08.449 --> 00:05:11.110 to regulate stablecoins, is moving fast through 00:05:11.110 --> 00:05:14.189 the US Senate. Circle wants to IPO, Ripple's 00:05:14.189 --> 00:05:16.269 trying to buy them, and CZ is out here reminding 00:05:16.269 --> 00:05:18.750 us that not investing in crypto is also risky. 00:05:19.310 --> 00:05:22.689 Amen. Ethereum and the altcoin side quest. Let's 00:05:22.689 --> 00:05:24.850 not forget the rest of the digital asset arena. 00:05:25.470 --> 00:05:28.149 Ethereum saw 205s in ETF inflows post -PECTRA 00:05:28.149 --> 00:05:30.490 upgrade. Solana's bleeding a bit with weekly 00:05:30.490 --> 00:05:33.310 outflows under $1 million. Tron passed Ethereum 00:05:33.310 --> 00:05:36.670 in USDT circulation. That's right. Justin Sun's 00:05:36.670 --> 00:05:39.050 blockchain is now the world leader in stablecoin 00:05:39.050 --> 00:05:41.649 volume. Pi Network just hit a new all -time high, 00:05:41.670 --> 00:05:43.810 but apparently it's not what you think. And in 00:05:43.810 --> 00:05:45.649 altcoin news that makes us wonder how this is 00:05:45.649 --> 00:05:49.500 still legal, CRO dumped 6 % despite a major partnership, 00:05:50.040 --> 00:05:53.060 and XRP futures are now live on the CME. But 00:05:53.060 --> 00:05:56.699 here's the TLDR. Bitcoin dominance is back, and 00:05:56.699 --> 00:05:58.660 everything else is background noise until we 00:05:58.660 --> 00:06:02.199 break $110k. Bitcoin culture conviction and the 00:06:02.199 --> 00:06:04.420 whole coin are creed. So let's go back to where 00:06:04.420 --> 00:06:07.620 we started. 63 % of all Bitcoin hasn't moved 00:06:07.620 --> 00:06:10.459 in over a year. That's the highest level of conviction 00:06:10.459 --> 00:06:13.620 in history. Santiment reports just 4 .9 % of 00:06:13.620 --> 00:06:17.139 Ethereum and 7 .1 % of BTC remain on exchanges. 00:06:17.740 --> 00:06:21.139 A generation of hodlers, stackers, plebs, and 00:06:21.139 --> 00:06:23.060 sovereign individuals are locking in their stacks 00:06:23.060 --> 00:06:25.680 like it's wartime rationing. This is not a bear 00:06:25.680 --> 00:06:28.459 market. This is not sideways. This is the beginning 00:06:28.459 --> 00:06:31.180 of the end of fiat. And when you realize your 00:06:31.180 --> 00:06:34.899 single Bitcoin puts you ahead of 99 .9 % of Earth, 00:06:35.399 --> 00:06:37.879 you stop asking permission and you start living 00:06:37.879 --> 00:06:40.720 differently. That's why we say it here. every 00:06:40.720 --> 00:06:43.180 single week. Teach your kids about money before 00:06:43.180 --> 00:06:47.639 the state does. Big shout out to every pleb out 00:06:47.639 --> 00:06:50.319 there stacking quietly, to the guy selling eggs 00:06:50.319 --> 00:06:53.139 for sats, to the girl mining with a USB stick, 00:06:53.620 --> 00:06:55.839 to the node runners, the zap streamers, the meme 00:06:55.839 --> 00:06:58.420 lords on Noster. You are the resistance. You 00:06:58.420 --> 00:07:00.740 are the Bitcoin street. And if this show gives 00:07:00.740 --> 00:07:03.680 you value, return the favor. We're value for 00:07:03.680 --> 00:07:06.759 value. Zap us on Fountain, toss us some sats 00:07:06.759 --> 00:07:09.829 on Noster, and share the signal. Don't just consume, 00:07:09.829 --> 00:07:13.850 contribute. Fountain .fm now powers over 4 million 00:07:13.850 --> 00:07:16.930 podcasts and emerging artists. Discover, share, 00:07:17.329 --> 00:07:19.790 and support the content that moves you. Powered 00:07:19.790 --> 00:07:23.029 by Bitcoin and Nostr. Closing thoughts. The news 00:07:23.029 --> 00:07:25.129 cycle is accelerating. The institutions are here. 00:07:25.389 --> 00:07:27.850 Governments are scrambling. Retail is still in 00:07:27.850 --> 00:07:30.509 disbelief. And the having cycle is barely getting 00:07:30.509 --> 00:07:33.110 started. We're not in the first inning. We're 00:07:33.110 --> 00:07:35.399 in the eye of the storm. This is your weekly 00:07:35.399 --> 00:07:37.839 dose of reality in a clown world of fiat fog. 00:07:38.079 --> 00:07:40.740 This is the Bitcoin Street Journal podcast. I'm 00:07:40.740 --> 00:07:43.139 Anna, signing off. Stay sovereign, stay orange 00:07:43.139 --> 00:07:45.560 -pilled, and as always, zap responsibly.