WEBVTT 00:00:18.819 --> 00:00:21.879 Welcome back to the Bitcoin Street Journal Podcast, 00:00:22.359 --> 00:00:25.320 your daily fix for everything. Bitcoin, from 00:00:25.320 --> 00:00:28.219 market moves to institutional hoarding, memes 00:00:28.219 --> 00:00:31.870 to macro madness and beyond. I'm your host Anna, 00:00:32.229 --> 00:00:36.789 and today is Wednesday, May 21st, 2025. Bitcoin 00:00:36.789 --> 00:00:41.170 is trading at $106 ,700 with a market cap dominance 00:00:41.170 --> 00:00:44.689 of 54 .3%. If you're here to separate signal 00:00:44.689 --> 00:00:47.890 from noise, get ready, because today's episode 00:00:47.890 --> 00:00:50.429 is stuff tighter than an ETF filing during bull 00:00:50.429 --> 00:00:53.520 season. And hey, wanna dive deeper into today's 00:00:53.520 --> 00:00:55.659 stories, zap us some sats, or just say hi to 00:00:55.659 --> 00:00:58.659 fellow plebs? Join us on Nostr. Just head to 00:00:58.659 --> 00:01:01.079 the BitcoinStreetJournal .com. That's right, 00:01:01.219 --> 00:01:03.399 the top of the homepage has your easy sign up 00:01:03.399 --> 00:01:06.180 and login to Nostr. One click, one key, and you're 00:01:06.180 --> 00:01:09.079 in the conversation. Let's get into it. Michael 00:01:09.079 --> 00:01:12.840 Saylor drops the truth bomb. Just in. Michael 00:01:12.840 --> 00:01:15.219 Saylor, High Priest of the Orange Coin Gospel, 00:01:15.700 --> 00:01:17.939 released a brand new video today declaring once 00:01:17.939 --> 00:01:20.920 again, if you're going to outperform, You're 00:01:20.920 --> 00:01:23.140 going to need Bitcoin. This wasn't just another 00:01:23.140 --> 00:01:26.099 sound bite. It was a sermon. Sailor laid it out. 00:01:26.400 --> 00:01:28.680 Fiat is bleeding. Equities are volatile, and 00:01:28.680 --> 00:01:31.519 real estate is illiquid. Bitcoin? Bitcoin is 00:01:31.519 --> 00:01:34.340 the apex predator asset. Sailor's been proven 00:01:34.340 --> 00:01:37.260 right time and again. MicroStrategy's recent 00:01:37.260 --> 00:01:41.019 220 % year -to -date BTC yield speaks for itself. 00:01:41.400 --> 00:01:45.640 They just added another 7 ,390 BTC last week, 00:01:46.200 --> 00:01:48.980 bringing their total to over 576 ,000 coins. 00:01:49.239 --> 00:01:51.200 That's not a hedge. That's a declaration of war 00:01:51.200 --> 00:01:53.920 on fiat. And if you want more breakdowns of sailors' 00:01:54.180 --> 00:01:57.280 philosophy or MicroStrategy's strategy, check 00:01:57.280 --> 00:01:59.819 out our deep dive threads on Nostra again. That's 00:01:59.819 --> 00:02:02.920 at the BitcoinStreetJournal .com. Sign up, log 00:02:02.920 --> 00:02:06.250 in, stay ahead. Middle East joins the fray. Al 00:02:06.250 --> 00:02:08.169 Abraaj Restaurants Group just became the first 00:02:08.169 --> 00:02:10.490 publicly traded company in the Middle East to 00:02:10.490 --> 00:02:13.050 add Bitcoin to its treasury. This is massive. 00:02:13.610 --> 00:02:16.629 This isn't some startup. This is a legacy enterprise 00:02:16.629 --> 00:02:19.889 pivoting from paper money to digital gold. The 00:02:19.889 --> 00:02:23.270 signal is blinding. Bitcoin is becoming the global 00:02:23.270 --> 00:02:25.990 reserve asset for corporate treasuries. From 00:02:25.990 --> 00:02:29.009 El Salvador to Dubai, the dominoes are tipping. 00:02:29.530 --> 00:02:32.139 And it's not just Abraaj. The SmarterWeb company, 00:02:32.300 --> 00:02:34.560 another publicly traded firm, just announced 00:02:34.560 --> 00:02:37.599 a $1 .28 million Bitcoin buy for its treasury, 00:02:38.020 --> 00:02:41.419 scooping up 16 .4 BTC. That makes four major 00:02:41.419 --> 00:02:44.439 treasury buys in the past 48 hours alone, including 00:02:44.439 --> 00:02:47.860 QLR with its $9 million buy and a mind -melting 00:02:47.860 --> 00:02:53.319 220 .2 % BTC yield 2023. Add it up. Institutional 00:02:53.319 --> 00:02:56.039 FOMO is turning into an avalanche. Texas goes 00:02:56.039 --> 00:02:59.419 full Bitcoiner. Yeehaw, y 'all. Texas House just 00:02:59.419 --> 00:03:02.319 passed SB21, the strategic Bitcoin reserve bill, 00:03:02.419 --> 00:03:04.900 in its second reading. If it passes the third 00:03:04.900 --> 00:03:07.800 reading, Texas will officially launch its own 00:03:07.800 --> 00:03:10.520 state -level Bitcoin treasury reserve. Not a 00:03:10.520 --> 00:03:13.560 sandbox, not a test, an actual Bitcoin stack 00:03:13.560 --> 00:03:16.460 for the state. Let's not pretend this is a coincidence. 00:03:17.319 --> 00:03:21.719 SpotBitcoin ETFs are buying 26 ,700 BTC in May 00:03:21.719 --> 00:03:25.879 alone, while miners only produced 7 ,200 BTC. 00:03:26.189 --> 00:03:29.409 Let that sink in. The ETFs are hoovering up over 00:03:29.409 --> 00:03:32.409 3 .7x more BTC than the network is creating. 00:03:32.949 --> 00:03:34.830 If the state of Texas is joining the buyer's 00:03:34.830 --> 00:03:37.610 line, what happens when California gets orange 00:03:37.610 --> 00:03:39.810 -pilled? This is the great accumulation race, 00:03:39.889 --> 00:03:42.090 and it's barely begun. Exchanges are bleeding 00:03:42.090 --> 00:03:47.530 BTC. In the last 30 days, 116 ,293 BTC have been 00:03:47.530 --> 00:03:50.189 withdrawn from exchanges. That's over $1 .12 00:03:50.189 --> 00:03:52.569 billion flowing into cold storage, multi -sig, 00:03:52.669 --> 00:03:55.439 and self -custody. Why does this matter? Because 00:03:55.439 --> 00:03:57.719 when coins leave exchanges, they don't come back. 00:03:57.960 --> 00:04:00.319 Not quickly, not easily, not without a premium. 00:04:01.020 --> 00:04:03.020 We're entering a phase of acute supply shock. 00:04:03.580 --> 00:04:06.039 With demand from ETFs, corporations, sovereign 00:04:06.039 --> 00:04:09.379 states, and retail hodlers like you. We're witnessing 00:04:09.379 --> 00:04:12.580 the slow -motion extinction of cheap sats. Want 00:04:12.580 --> 00:04:14.439 more on how to secure your Bitcoin and where 00:04:14.439 --> 00:04:17.160 smart plebs are moving their coins? Noster's 00:04:17.160 --> 00:04:19.959 got you. Jump on the BitcoinStreetJournal .com 00:04:19.959 --> 00:04:22.600 and click that top link to log in. And if you're 00:04:22.600 --> 00:04:25.079 using zaps on Noster, you can tip creators directly 00:04:25.079 --> 00:04:27.939 in Bitcoin. No banks, no middlemen, just pure 00:04:27.939 --> 00:04:30.680 peer -to -peer fire. SEC shakes things up and 00:04:30.680 --> 00:04:33.399 out. SEC Chair Paul Atkins just told Congress, 00:04:33.939 --> 00:04:35.959 the era of regulation by enforcement in crypto 00:04:35.959 --> 00:04:39.259 is over. Let me repeat that, over. Atkins called 00:04:39.259 --> 00:04:42.259 for clarity, competition, and innovation. Three 00:04:42.259 --> 00:04:44.120 things that have been strangled for a decade 00:04:44.120 --> 00:04:46.660 under bureaucratic micromanagement. This isn't 00:04:46.660 --> 00:04:49.259 just regulatory relief, it's a green light. And 00:04:49.259 --> 00:04:51.939 just in time too. Bitcoin ETFs are taking in 00:04:51.939 --> 00:04:54.759 hundreds of millions in daily net inflows. BlackRock 00:04:54.759 --> 00:04:59.319 alone now holds 636 ,000 BTC, making it the second 00:04:59.319 --> 00:05:02.120 largest holder after Satoshi Nakamoto. Guess 00:05:02.120 --> 00:05:04.600 who's 57 % of the way to becoming the biggest 00:05:04.600 --> 00:05:07.420 Bitcoin whale on earth? We're not in Kansas anymore, 00:05:07.740 --> 00:05:10.759 folks. International heat check. DigiAsia, an 00:05:10.759 --> 00:05:13.240 Indonesian fintech firm, announced plans to raise 00:05:13.240 --> 00:05:16.319 $100 million to buy Bitcoin. Their stock shot 00:05:16.319 --> 00:05:19.839 up 90 % on the news. Think about that. A public 00:05:19.839 --> 00:05:22.060 company declares a treasury Bitcoin strategy 00:05:22.060 --> 00:05:24.819 and nearly doubles overnight. Meanwhile, back 00:05:24.819 --> 00:05:27.079 in Australia, a judge just ruled that Bitcoin 00:05:27.079 --> 00:05:30.139 qualifies as money, potentially shielding BTC 00:05:30.139 --> 00:05:33.579 transactions from capital gains taxes. From Jakarta 00:05:33.579 --> 00:05:35.459 to Austin to Sydney, the game is accelerating. 00:05:36.139 --> 00:05:37.920 And for our full global coverage, you know where 00:05:37.920 --> 00:05:40.279 to go. No star, the BitcoinStreetJournal .com. 00:05:40.379 --> 00:05:42.759 Don't just read, connect. Macro madness plus 00:05:42.759 --> 00:05:45.639 memes. The U .S. holds just 4 % of the world's 00:05:45.639 --> 00:05:48.600 population, but now controls over 4 -0 % of global 00:05:48.600 --> 00:05:52.000 Bitcoin ETF holdings. Let that sit. Meanwhile, 00:05:52.220 --> 00:05:54.160 President Trump's executive director declared, 00:05:54.439 --> 00:05:57.439 the U .S. must win the Bitcoin space race. What 00:05:57.439 --> 00:05:59.899 does that mean? It means Bitcoin isn't just money 00:05:59.899 --> 00:06:02.339 anymore. It's geopolitical. It's strategic. It's 00:06:02.339 --> 00:06:04.480 sovereign. And let's not forget the cultural 00:06:04.480 --> 00:06:07.240 shift. Even Steak & Shake posted a spaceship 00:06:07.240 --> 00:06:10.100 meme saying, all aboard, that's not an ad. That's 00:06:10.100 --> 00:06:12.959 a mood. Meanwhile, Fidelity's jury in Timor says 00:06:12.959 --> 00:06:15.920 Bitcoin is replacing gold again, advocating a 00:06:15.920 --> 00:06:19.600 4 to 1 gold to BTC ratio in your portfolio. If 00:06:19.600 --> 00:06:23.100 you listened to Tom Lee in 2019 and bought 1 00:06:23.100 --> 00:06:27.279 to 2 % at $5 ,000, you'd be a legend today. If 00:06:27.279 --> 00:06:30.300 you ignored him, CNBC probably made fun of you. 00:06:30.740 --> 00:06:33.660 Again, bullish indicators and beyond. Let's run 00:06:33.660 --> 00:06:37.139 the scoreboard. Spot Bitcoin ETFs $329 million 00:06:37.139 --> 00:06:40.209 in inflows yesterday. Exchange supply hitting 00:06:40.209 --> 00:06:43.389 multi -year lows. Dormant BTC 63 % hasn't moved 00:06:43.389 --> 00:06:45.610 all year. Compression builds on charts, a move 00:06:45.610 --> 00:06:47.810 is coming. Well, while it's loading up again, 00:06:48.329 --> 00:06:51.129 public companies stacking like it's 2021. This 00:06:51.129 --> 00:06:54.149 isn't hopium, it's data. Price action is consolidating, 00:06:54.350 --> 00:06:56.829 institutions are accumulating, and fiat is evaporating. 00:06:57.149 --> 00:06:59.769 Even Blackstone, a $1 trillion asset manager, 00:06:59.889 --> 00:07:02.470 just disclosed holdings in iBit. The legacy guard 00:07:02.470 --> 00:07:06.589 is buying. Quietly. Quickly. V4V plebs and Nostra 00:07:06.589 --> 00:07:09.149 shoutouts. We've got plebs stacking in Texas, 00:07:09.350 --> 00:07:12.029 Tokyo, Tanzania, and Toronto. If you're out there 00:07:12.029 --> 00:07:14.269 sharing zaps, hosting spaces, running relays, 00:07:14.290 --> 00:07:17.449 or just holding your keys, we see you. To all 00:07:17.449 --> 00:07:19.689 the creators zapping value for value, you're 00:07:19.689 --> 00:07:22.350 the new media. And if this podcast is valuable 00:07:22.350 --> 00:07:25.089 to you, consider zapping it on Nostr or supporting 00:07:25.089 --> 00:07:27.990 us at the BitcoinStreetJournal .com. Every SAT 00:07:27.990 --> 00:07:30.490 counts. That's it for today's episode of the 00:07:30.490 --> 00:07:33.370 Bitcoin Street Journal podcast. Remember, if 00:07:33.370 --> 00:07:37.350 you want more on today's stories, charts, breakdowns, 00:07:37.360 --> 00:07:40.819 global reactions, or mimetic warfare, check out 00:07:40.819 --> 00:07:44.019 the BitcoinStreetJournal .com. We post everything 00:07:44.019 --> 00:07:46.879 there, and the link to join Nostr is right at 00:07:46.879 --> 00:07:49.040 the top. You can also listen to this show on 00:07:49.040 --> 00:07:53.379 Spotify, Apple Podcasts, RSS .com, and a bunch 00:07:53.379 --> 00:07:56.019 of other platforms. Search for the Bitcoin Street 00:07:56.019 --> 00:07:58.560 Journal. We're everywhere the fiat doesn't want 00:07:58.560 --> 00:08:00.819 us to be. And hey, don't forget to like, share, 00:08:00.920 --> 00:08:03.300 and subscribe. Seriously, it helps more plebs 00:08:03.300 --> 00:08:06.040 find the signal. We'll see you next time. Until 00:08:06.040 --> 00:08:09.300 then, stay humble, stack sats, and opt out of 00:08:09.300 --> 00:08:11.860 the madness. Big thanks to our behind -the -scenes 00:08:11.860 --> 00:08:14.040 team, working around the clock to bring you the 00:08:14.040 --> 00:08:16.600 sharpest Bitcoin journalism in the game. This 00:08:16.600 --> 00:08:19.000 is Anna, signing off from BitcoinStreet. See 00:08:19.000 --> 00:08:19.879 you on the next block.