Hey everyone. and welcome to the Bitcoin Street
Journal Market Update. I'm Melody. And I'm Laura.
We're super excited to be back with you today,
diving into all the latest and greatest happenings
in the world of Bitcoin. Absolutely. We've got
a jam -packed show for you today, Laura. We're
going to be dissecting Bitcoin's reaction to,
well, you know, all the global craziness that's
going on. I mean, the tensions and inflation
and how Bitcoin might actually be a safe haven
in all of this. It's kind of wild. Totally. And
we're also going to be talking about some like
really interesting corporate plays we're seeing?
I mean, you see all these companies now like
putting Bitcoin on their balance sheet, similar
interactive strength. It's becoming a trend,
right? We got to unpack that. Oh, yeah. And we
definitely can't forget about regulation or,
well, trying to figure it out, at least from
stablecoin bills to, you know, meta facing some
heat about their plans. We'll break down what
it all means for us. Totally. And some cool innovation
stuff. We're going to look at how companies like
Stripe are getting even more into crypto. And
just, you know, all those rumors about Apple
X and Google finally playing ball with stablecoins.
Major, if true. And for all of you hodlers out
there, we're going to be diving deep into why
Bitcoin's, well, you know, potentially the ultimate
generational wealth play. Pretty exciting stuff,
right? Yeah. And last but not least, we're going
to be chatting about the Noster Protocol and
how it is integrated with the Bitcoin ecosystem
moving forward. It's a game changer, and all
of you can set up Noster profiles and check it
out today by visiting thebitcoinstreetjournal
.com and clicking login at the top of the page.
So buckle up, folks. It's going to be a fun ride.
We're going to try to keep it educational, but
you know. Also super entertaining. Let's get
started. All right. So let's kick things off
with the big picture. Right. Like how is Bitcoin
reacting to everything happening in the world?
I mean, we've got headlines about like geopolitical
tensions and then inflation all over the place.
Exactly. I saw one that said Bitcoin drops as
world tensions rise. But then another that says
200K still in play. It's like so confusing. Right.
So how do we even. make sense of that? Well,
it's it's that classic push and pull, you know,
on one hand, when there's like crazy stuff happening
globally, people tend to, you know, flock to
safe havens. Traditionally, that's been gold.
But now more and more people are seeing Bitcoin
as a digital alternative. Right. But then the
tensions also cause uncertainty and people like
sell off risky assets, which. Bitcoin still is
in a lot of people's minds, right? Yeah, exactly.
So it gets caught in the crossfire. But what's
interesting is how it's also reacting to inflation
news. I saw Bitcoin climb slightly as U .S. reports
inflation slowed in May. So when inflation looks
like it might be cooling down, there's this hope
that the Fed might cut rates. Oh, yeah. Lower
rates, more risk on behavior. And suddenly Bitcoin
looks a lot more attractive again. It's like
this whole complex dance, you know? Totally.
And that article also mentioned easing tariff
fears and cooling inflation may boost Bitcoin,
potentially prompting Fed rate cuts and renewed
retail crypto interest. It's like people are
waiting on the sidelines, ready to jump back
in if things look even a little bit better. Right.
So it's not just about being a hedge against
fiscal crises. It's also about. Like reading
the tea leaves of macroeconomics and trying to
predict what the Fed's going to do kind of makes
you wonder, like, is Bitcoin just becoming another
part of the traditional financial system? OK,
so speaking of companies getting involved, did
you see what Sumler Scientific is doing? Like
they're just going all in on Bitcoin. Oh, yeah.
Sumler. Wasn't that the one Tom Lee was talking
about as a granny shot portfolio pick? The Bitcoin
treasury company's market cap has tumbled below
the value of its BTC holdings. That's pretty
wild. Yeah. I mean, they just keep buying more.
The headline says they expanded their Bitcoin
holdings to like 4 ,449 BTC. I mean, that's a
serious commitment. It is. I think it sends a
message, right? Like they're clearly betting
big on Bitcoin as a long term store of value.
It's like they're putting their money where their
mouth is. Literally. But it's not just Sumler,
right? I saw that Nasdaq listed Interactive Strength,
yeah, I've never heard of them, plans to invest
$500 million in Fetch .ai's FET token to build
an AI -focused crypto treasury. What's that about?
Yeah, that's a little different, right? It's
not just Bitcoin, but it's investing in an AI
-related crypto asset. So it sounds like they're
trying to, you know, kind of tie into the whole
AI narrative, too. So it's like, OK, we get crypto
and now we get AI, too. Does it make sense for
companies to do that? Well, it's interesting
because it signals a growing trend of, you know,
public companies seeing digital assets. I mean,
not even just Bitcoin. Right. As a strategic
investment. Like it's not just about holding
cash. It's about diversifying their treasury
with assets that. they think will appreciate
and value or even tie into their core business.
So are we going to see every company putting
Bitcoin on their balance sheet? Is that the future
of corporate finance or just something that these
kind of niche companies are doing? I don't know
if every company will do it, but I think it shows
that the conversation around corporate treasury
management is changing. It's like they're thinking
more creatively about how to deploy their capital.
And Bitcoin is definitely part of that conversation
now. Definitely. And it just seems like more
and more companies are starting to realize that,
you know, this isn't just a fad. Bitcoin is here
to stay. Okay, let's switch gears a little bit
and talk about regulation, right? Because, you
know, it's not all sunshine and rainbows with
Bitcoin. There's definitely that whole regulatory
aspect that everyone's watching. Oh, yeah, the
R word. It's always looming, isn't it? So what's
been happening? Well, the Senate's, you know,
actually making progress on a stablecoin bill.
I mean, can you believe it? It feels like it's
been talked about forever, but it's actually
moving forward now. Right. I saw that. Finally,
something concrete -ish. But, you know, on the
other hand, Meta's stablecoin plans are still
facing a ton of scrutiny, like Senators Warren
and Blumenthal are all over them asking all sorts
of questions about lobbying and how it will all
work. Yeah, Elizabeth Warren is definitely not
a fan. No, no, definitely not. But it's not just
the U .S. either, right? The Philippines are
like enacting crypto rules, too. So, you know,
it's a global thing. Everyone's trying to figure
out how to regulate the space. Right. Makes sense.
I mean, you know, when you have all the scams
and hacks, people are going to start paying attention
and want to do something about it. Totally. I
mean, you know, it's about protecting consumers,
right? maintaining financial stability. It's
a balancing act. You want to foster innovation,
but you also need to make sure people aren't
getting ripped off. What about those Circle IPO
rumors we keep hearing? Is that actually going
to happen? Well, Circle did reject Ripple's $5
billion buyout, and now they're valued at over
$20 billion. So whether it's rumors or not, these
public offerings, definitely legitimize the market.
Oh, totally. So like more and more normies might
start investing in crypto when they see big names
like that going public. Exactly. And there's
also talk about potential Solana ETFs. Can you
imagine? Oh, wow. Another ETF? I mean, everyone's
jumping on the ETF bandwagon, it seems. That
would be huge for Sol, right? I think so. Could
give Solana the boost to be the next ETF for
institutions after ETH. So, Laura, speaking of
adoption, did you catch that Stripe is cozying
up to crypto even more? They're acquiring Privy.
Oh, yeah. The crypto wallet tech firm. What's
the deal with that? Well, Stripe's basically
trying to supercharge their Web3 capabilities.
They want to make it easier for businesses to
integrate crypto payments and, you know, manage
digital assets and stuff like that. Ah, OK. Makes
sense. Because. Stripe's huge, right? Huge. And
this move, it kind of signals that they're really
serious about crypto becoming mainstream, right?
I mean, think about it. They process payments
for like a gazillion companies. OK, that's pretty
big news. What else is brewing in the land of
innovation? Well, there's all this buzz about
Apple X and Google like actually holding talks
with crypto firms about stable coin integration.
No way. Seriously? Yes. Seriously. Imagine, you
know, being able to use a stable coin to pay
for stuff on Twitter or in the Apple App Store.
I mean, it would be kind of revolutionary. OK,
see, that's what I'm talking about. That's like
real world adoption. I mean. We've been talking
about this for years, right? But it feels like
it's finally starting to happen. Totally. It's
like the big tech companies are finally waking
up to the potential of crypto and realizing that
they can't ignore it anymore. Right? Right. And
speaking of which, like, didn't PayPal expand
their PYSD stablecoin thingy to Stellar? Like,
they're joining Ethereum and Solana, right? Right.
They're trying to make it easier for people to
use their stablecoin in different ecosystems,
you know, and reach more users. It's like they're
laying the groundwork for the future of payments.
I guess all those retail investors need a little
bit of innovation to hop on the Bitcoin maximalism
train. Right. Well, the most important thing
to take away from this is that we're going to
see more and more integration of crypto into
our... everyday lives. It's not just some niche
thing for tech nerds anymore, right? It's actually
kind of exciting thinking about all the possibilities.
Yeah, it really is. OK, so like stepping back
a bit, I keep hearing about this idea of Bitcoin
is like generational wealth. What's the deal
with that? Well, it's kind of simple, actually,
in an age where, you know, fiat currencies are
being devalued left and right and traditional
investments seem kind of shaky. Bitcoin's emerging
as like a solid store of value, you know? Right,
because like there's only going to be 21 million
of them ever, right? Exactly. Scarcity is a big
part of it. It's almost like digital gold, right?
So people are starting to see it as something
they can pass down to their kids and grandkids.
Huh. So instead of... you know, leaving them
stocks that might tank or like real estate that
could get hit by a hurricane. You leave them
Bitcoin. Yeah. Or, you know, a little bit of
both. But the idea is that Bitcoin, theoretically,
at least it can hold its value, if not increase
over the long term. It's a hedge against like
government money printing and all that jazz.
OK, I see where you're going with this. So it's
like a long term play, not just a get rich quick
scheme. Exactly. And, you know, people are starting
to think about Bitcoin as something they can
hold on to for decades, kind of like a digital
inheritance. It's pretty wild when you think
about it. Speaking of a censorship resistance
to our value, what about Noster? Like, I'm starting
to hear more and more about it. What's the deal?
Okay, NOSTR. So it stands for notes and other
stuff transmitted over relay, which I know sounds
super techie, but basically it's a protocol built
for censorship resistant social media. And well,
more than just social media, actually. So how
does it fit with Bitcoin exactly? Is it like
another one of those side chains or? No, it's
not a side chain or anything like that. It's
more like a way to build apps that are. truly
decentralized and resistant to, well, you know,
anyone trying to shut them down. So think Twitter,
but like on steroids where nobody can really
control the content. Oh, huh. So kind of a free
speech haven. Exactly. And it's attracting a
lot of Bitcoiners, too, you know, because they
really value that censorship resistance. Plus,
there are already a bunch of cool apps being
built on Noster that integrate Bitcoin. Think
Lightning Network Payments, for example. OK,
that makes sense. So it's not just about, you
know, shouting into the void, but actually building
stuff that uses Bitcoin. Yep. And it empowers
individual users. No one company controls the
whole network, which is a big deal. So if people
wanted to check this out, where should they start?
Well, we've made it super easy for them. They
can just head over to the bitcoinstreetjournal
.com and click log in at the top of any page.
You'll see a button to set up a Nostra profile
really quickly, and then they can dive into that
whole world. So as we've covered a lot today,
we're curious what you, our listeners, think
about all this. Yeah. Like, how are you approaching
Bitcoin as part of your overall investment strategy?
Are you thinking long term generational wealth
or are you, you know, playing the shorter term
volatility game? And what are your thoughts on
the evolving regulatory landscape? Are you excited
about the potential Solana ETFs or are you a
little nervous about the government getting more
involved? Because it's like it's a double edged
sword, right? Clarity is great, but sometimes
not all the rules are friendly to what we want.
Exactly. And speaking of what's coming next,
we've got some super interesting stuff lined
up for future episodes. We're going to be diving
deeper into Bitcoin mining, the whole energy
debate around that. And we're also going to be
doing a deep dive into some of the most innovative
projects being built on Bitcoin. So stay tuned.
All right. So that's a wrap for this week's Bitcoin
Street Journal market update. Yeah, we covered
a lot today from global tensions impacting Bitcoin
to major corporations diving in headfirst to
the evolving regulatory scene. It's like Bitcoin's
not just. digital asset. It's like it's a whole
ecosystem that's constantly changing. Absolutely.
It's it's wild and a lot to unpack. So a huge
thank you to everyone for tuning in. We really
appreciate you spending your time with us. Seriously,
we love having you. And don't forget to visit
the Bitcoin Street Journal dot com for all the
latest updates, news and analysis. And. And most
importantly, head over there to set up your Nostr
profile. Get connected, you know, be part of
the real Bitcoin social network. Yeah, get on
Nostr and join us there. We'll see you on the
decentralized web. Until next time, stay safe,
stay informed and keep stacking those stats.
See you on the next one. Peace out, Bitcoiners.