WEBVTT

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Alright, welcome everyone to another episode

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of the Bitcoin Street Journal Market Update.

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I'm Avery and I'm here with the brilliant Eden

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filling in today for the amazing Hannah. How's

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it going Eden? Hey Avery, doing great, thanks.

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You know, just trying to keep up with everything

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happening in the world of Bitcoin. It's like

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a full -time job these days. So what do you think

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about all of these bullish signals? Increased

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search volumes, Cynthia Luna saying Bitcoin is

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going to increase dramatically. It's like, what's

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not to love? Yeah, it's definitely looking pretty

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positive, right? I mean, when you see search

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interest going up, it suggests that more people

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are like actually paying attention and considering

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Bitcoin, which, you know, is always a good sign.

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And Lamis, she's been like a major advocate,

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hasn't she? So, you know, that's that's always

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good to hear. Oh, I forgot one. Tom Lee still

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saying Bitcoin could hit like two hundred and

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fifty thousand dollars this year. Two hundred

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and fifty thousand? Seriously? What's he basing

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that on? Uh huh. He's saying it's because Bitcoin's,

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you know, responding to global liquidity. Global

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liquidity? What even is that? It's basically

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how much, you know, cash is floating around in

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the global financial system. Like when there's

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more of it, there's, you know, more money for

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investments like Bitcoin. It's, you know, kind

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of like a rising tide lifts all boats kind of

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thing. Well, meta shareholders rejected some

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kind of treasury assessment. Like 95 % voted

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against it. Is that bad? Well, it's hard to say

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for sure. I mean, on the one hand, it could show

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that they're not really ready to, you know, fully

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embrace crypto, you know? And that's definitely

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a setback for corporate adoption overall. Yeah,

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it's like they're saying, nah, we're good with

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the regular stuff. Yeah, exactly. It's like a

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vote of no confidence in crypto treasury strategies,

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I guess. Okay, so maybe corporate crypto adoption

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is slowing down? So it's not all doom and gloom

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for crypto in the corporate world, right? I saw

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Tether is investing in some chalan company to

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grow digital asset infrastructure in Latin America.

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That's cool, isn't it? Yeah, I saw that too.

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That's actually pretty interesting. It's like...

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Okay, maybe the big U .S. tech companies aren't

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so sure, but, you know, other players are definitely

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seeing the opportunity. Right. Like, there's

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still demand, even if it's not, like, the cool

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thing to do in Silicon Valley. Exactly. Latin

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America has a huge need for alternative financial

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systems because of, you know, limited banking

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access and, like, high inflation. I think it's

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a smart move for Tether. Yeah, Similar Scientific

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bought more Bitcoin, like a lot more. But I also

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saw something about a Q1 loss. What's going on

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there? Okay, yeah, Similar Scientific. They're

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interesting. They added like 185 Bitcoin, bringing

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their total holdings to over 4 ,000. But yeah,

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you're right. They did report a Q1 loss of like

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31 .1 million. Ouch. So like... Is this a good

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thing or a bad thing? I'm confused. Well, it's

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complicated, right? Their Bitcoin holdings yielded

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like 27 .7 % year -to -date, which is awesome.

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But the Q1 loss probably comes from, you know,

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accounting stuff. You know, like mark -to -market

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adjustments or things like that, I think. So

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it's like a paper loss, not a real loss. Pretty

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much. They're playing the long game and... You

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know, they're clearly bullish on Bitcoin. It's

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like a strategic move, even if it looks a little

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rough on the quarterly reports, you know? Uh

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-oh. California just passed the bill, right?

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About seizing Bitcoin left on exchanges? What's

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the deal with that? Like, is my Bitcoin safe?

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Okay. So this is like a very important thing

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to understand, Avery. California... just passed

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a bill that lets the state seize Bitcoin, you

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know, and like other crypto left on exchanges

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after three years. Three years? Seriously? Yeah,

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it's under something called the unclaimed property

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law, which like, okay, what does that even mean?

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I have no idea. So the state just like takes

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your Bitcoin? Yeah, basically. If it's sitting

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there, untouched for three years, then poof,

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California says thank you very much and just

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snatches it. Okay, that's terrifying. What do

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I do? This is where that saying comes in, you

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know, not your keys, not your coins. If you don't

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control the private keys to your Bitcoin, you

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don't really own it. You know, it's like you're

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trusting the exchange to hold it for you. And

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well, well, I mean, anything is possible, right?

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I think it would take Like a major shift in how

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the world sees money and the whole financial

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system. Semmler Scientific bought another 20

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million in Bitcoin. Seriously, these guys are

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all in. How much do they even have now? Well,

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BlackRock's saying nice things about Bitcoin,

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too. This is crazy. It's like everyone's finally

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realizing what's up. But what does it mean? And

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now Trump's getting in on the ETF game. Troop

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Social filed for a Bitcoin ETF? What? Wait, seriously?

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I hadn't seen that. So is this like a political

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play or is he like actually bullish now? I thought

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he was, you know, kind of wishy washy on crypto

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before. So what about Circle's IPO? Like 1 .1

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billion. That's huge. What's that say about the

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stablecoin market in general? Well, it means,

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you know, stable coins aren't just some niche

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thing anymore. They're becoming like a really

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integral part of the crypto ecosystem, right?

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I mean, institutional investors are obviously

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seeing the potential. Wrapping up with some final

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bullish takes, sailors saying Bitcoin will cost

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a million dollars when banks tell you to buy

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it. Right. And Tim Draper, 250k this year. OK.

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Alright Eden, thanks for breaking all of this

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down with me. Yeah, no problem. It's always fun

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to try and make sense of all this craziness.

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And thank you everyone for tuning in to the Bitcoin

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Street Journal Market Update. We'll keep you

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posted on everything Bitcoin.