Welcome back to the Bitcoin Street Journal podcast.
I'm Autumn, and I am literally buzzing with energy
today because Bitcoin just did something absolutely
insane. And I'm Darren, here to tell you that
October 8th, 2025 will go down in Bitcoin history
as one of the most significant days ever. We've
got BlackRock making waves, Deutsche Bank orange
pilling, and Bitcoin demolishing all -time highs
like they're nothing. Before we dive into this
absolute tsunami of bullish news, remember to
visit thebitcoinstreetjournal .com and set up
your free Nostra profile. The orange pill revolution
is accelerating and you need to be part of the
decentralized future. Now, let's get into the
numbers because what I'm about to tell you is
going to blow your mind. Bitcoin is currently
sitting at $122 ,584. And before you say... Darren,
that doesn't sound like an all time high. Let
me tell you what happened in the last 24 hours.
Bitcoin smashed through $126 ,000, a new all
-time high. The king of cryptocurrencies just
proved once again why it's the only digital asset
that matters. Market cap is at $2 .44 trillion.
That's bigger than most countries' entire economies.
And Bitcoin dominance? A beautiful 56 .97%. The
king maintains his throne. While we're seeing
a slight pullback today, down 1 .45%, this is
completely normal profit -taking after such a
massive run. The 24 -hour volume is sitting at
$80 .4 billion, which shows real institutional
-grade liquidity. The total crypto market cap
hit $4 .29 trillion, an all -time high. But here's
the thing, Bitcoin is leading this charge, not
some random altcoin casino chips. And can we
talk about what's driving this? It's not retail
FOMO. It's not meme coin mania. It's institutions
recognizing that Bitcoin is the hardest money
ever created. Exactly. Now let's dive into the
news that's making traditional finance finally
understand what we've been saying for years.
All right. Buckle up because this segment is
going to be packed. The institutional adoption
wave isn't coming. It's already here. Let's start
with the bombshell from Deutsche Bank. They just
said Bitcoin and gold may both appear on central
bank balance sheets by 2030. The same institutions
fighting Bitcoin are now admitting it belongs
alongside gold as a reserve asset. Deutsche Bank
cited declining volatility, fading skepticism,
and US -led adoption as reasons why this is inevitable.
We've been saying this for years. And while we're
talking about massive institutions, let's talk
about BlackRock. Their Bitcoin ETF, iBit, is
now just a hair away from $100 billion in assets
under management. $100 billion. This is BlackRock's
most profitable ETF ever, and it launched less
than a year ago. Eric Balchenas from Bloomberg
pointed out that the rest of BlackRock's top
10 ETFs took decades to build their asset bases.
And on October 8th alone, US spot Bitcoin ETFs
saw $1 .19 billion in net inflows. That's the
second highest single day inflow since launch.
BlackRock's iBit alone pulled in $970 million
in a single day. That's not retail investors
buying $100 worth. That's major institutions
loading up on Bitcoin. But wait, there's more.
SpaceX, yes, Elon Musk's SpaceX, reportedly holds
$1 billion worth of Bitcoin. The company that's
literally building rockets to Mars understands
that the most important mission is escaping Earth's
fiat monetary system. Strategy continues their
relentless accumulation. Their Bitcoin treasury
is now valued at nearly $80 billion, putting
them alongside Amazon, Google and Microsoft in
terms of cash reserves. And they're ranked as
the fifth. largest corporate treasury among S
&P 500 companies. A company built entirely on
a Bitcoin standard is competing with tech giants.
Meanwhile, Robinhood is joining the S &P 500,
though strategy missed out this time. The fact
that crypto forward companies are entering the
most prestigious stock index shows how far we've
come. Let's rapid fire some more corporate treasury
news because there's just so much happening.
Bitmine now holds over 2 .83 million ETH tokens
with total crypto and cash holdings of $13 .4
billion. Though honestly, I wish they'd just
buy Bitcoin instead. We'll roast that decision
later. KindlyMD just issued $250 million in convertible
debt to buy more Bitcoin for their treasury.
Orange BTC, South America's largest Bitcoin treasury
company, is now live and trading on the B3 Brazilian
stock exchange. Bitcoin adoption is going global.
And Anthony Pompliano's ProCap BTC just appointed
a former U .S. House Financial Services Committee
chair as senior advisor. This is serious institutional
infrastructure being built. The corporate world
is waking up to what Michael Saylor figured out
years ago. Bitcoin is the best Treasury Reserve
asset in human history. The regulatory landscape
is shifting faster than ever, and it's overwhelmingly
Bitcoin positive. The SEC, under Chair Atkins,
has completely scrapped Gary Gensler's crypto
enforcement agenda. The days of regulation by
enforcement are over. Atkins is aiming to formalize
an innovation exemption by the end of 2025, which
would let crypto projects experiment under supervision
instead of facing immediate lawsuits. Though
with the current government shutdown, that timeline
might slip to early 2026. But the important thing
is the direction towards clarity, not hostility.
The SEC has also approved the generic listing
standard that will greatly accelerate the approval
process for crypto ETFs. We're going to see a
flood of new products. Canary just filed S -1
amendments for Litecoin and Hedera, HBAR, spot
ETFs with finalized tickers and fees. Bloomberg's
Eric Balkchunas says this is typically the final
step before launch. Though let's be real. Do
we really need ETFs for every random altcoin?
Bitcoin ETFs are printing money because Bitcoin
is the only cryptocurrency with true scarcity
and decentralization. Fair point. But the regulatory
acceptance of crypto as a legitimate asset class
is huge for Bitcoin. Rising tide lift all boats,
even if most of them are leaky. The Bank of England
is reconsidering its proposed stablecoin caps
after intense industry pushback. Regulators worldwide
are realizing they can't stop this technology.
And get this, NASDAQ just filed with the SEC
for tokenization of stocks. Traditional finance
is starting to understand that blockchain settlement
is the future. Senator Lummis continues pushing
for a strategic Bitcoin reserve, saying acquisition
of funds can start... any time. Imagine the U
.S. government hodling Bitcoin alongside gold.
The political will is there, the technology is
proven, and the institutions are buying. Bitcoin
is inevitable. Let's talk about the technical
side because the Bitcoin network is stronger
than ever. Bitcoin exchange net flows just hit
a three -year low. Do you know what that means?
People are taking their Bitcoin off exchanges
and into self -custody. Not your keys, not your
Bitcoin is finally becoming mainstream wisdom.
This signals strongholder conviction and reduced
selling pressure. Long -term holders are accumulating,
not distributing. Over 95 % of Bitcoin's circulating
supply is now in profit with BTC above $117K.
But here's the crazy part. People aren't selling.
That's because Bitcoiners understand time preference.
We're not here for short term gains. We're here
because Bitcoin is the hardest money humanity
has ever created. The Bitcoin network mining
difficulty is at an all time high. The network
has never been more secure. Miners are holding
more Bitcoin than they've held in months. The
people closest to the protocol are bullish. And
while we're talking about network strength, let's
mention that network network adoption continues
growing organically. No marketing campaigns needed,
just real utility driving real adoption. Okay,
we have to talk about gold because something
massive just happened. Gold hit $4 ,000 for the
first time ever, a new all -time high for the
yellow metal. And of course, the Bitcoin skeptics
are out in full force saying, see, gold is the
real safe haven. Bitcoin is losing the digital
gold race. Let's break down why this narrative
is completely backwards. First, gold hitting
$4 ,000 is bullish for Bitcoin. Exactly. It proves
that people are looking for alternatives to fiat
currency. When central banks are printing money
like crazy, both gold and Bitcoin benefit. But
here's the key difference. You can't send gold
across the internet. You can't verify gold's
authenticity with cryptographic proof. You can't
easily divide gold into Satoshis. Bitcoin is
everything gold wishes it could be. It's scarce
like gold, but it's also portable, divisible,
verifiable, and resistant to confiscation. Peter
Schiff is out there predicting Bitcoin will crash
while gold soars. But let's remember, Bitcoin
is up from $16 ,000 to $122 ,000 in just a few
years. Gold went from $1 ,600 to $4 ,000. Bitcoin
is up 662 percent, while gold is up 150 percent.
And Bitcoin did it in a fraction of the time
with a fraction of the market cap. The fact that
both are rising proves that we're in a debasement
trade. Governments are destroying the value of
fiat money and smart investors are fleeing to
hard assets. Bitcoin and gold can both succeed,
but only one of them can be sent to someone in
another country in 10 minutes without asking
permission. Deutsche Bank agrees with us. They're
saying Bitcoin will be on central bank balance
sheets by 2030 alongside gold. The debate is
over. All right. It's time for everyone's favorite
segment, the all -coin roast, where we remind
everyone why Bitcoin is king and everything else
is just complicated. Ethereum is up, approaching
$5 ,000, but it's still not at its 2021 all -time
high. Bitcoin is making new all -time highs,
showing the difference between a scarce asset
and one with unlimited supply. And all of these
Ethereum killers, Solana, Cardano, promising
to be faster and cheaper, miss the point. Bitcoin's
job is to be the most secure, decentralized,
hardest money ever created. Fast transactions
are for Lightning Network, not the base layer.
Altcoin projects try to be everything, money,
smart contracts, NFTs, DeFi protocols, and end
up doing nothing well. Bitcoin does one thing
perfectly, be unstoppable, sound money. Speaking
of which, let's talk about XRP. It's been pumping
lately and the XRP army is celebrating like they've
won something. It just got flipped by BNB in
market cap. While BNB has utility, what does
XRP actually do? Meanwhile, Bitcoin is quietly
being adopted by those same banks as a treasury
reserve asset. No permission needed, no lawsuits,
no CEO making promises. And let's not forget
about all these meme coins, Dogecoin, Pepe, Bonk.
It's gambling, not investing. If your investment
thesis depends on a tweet, you're playing roulette.
The beautiful thing about Bitcoin is its simplicity.
21 million coins, proof of work consensus, no
CEO, no marketing team, no pre -mine. While altcoin
projects are having governance drama, token unlock
controversies and founder disputes, Bitcoin just
keeps working block after block every 10 minutes
for 16 years straight. Remember, if it has a
marketing budget, it's not decentralized. If
it has a foundation managing the protocol, it's
not truly permissionless. Bitcoin has none of
these problems. Before we wrap up, let's take
a moment to understand why all these institutions
are suddenly loading up on Bitcoin. It's not
just about number go up. These are sophisticated
treasury managers at major corporations making
calculated decisions. First, it's about scarcity.
Every publicly traded company has access to the
same playbook. Buy shares, issue bonds, hold
cash, buy real estate. But Bitcoin is the only
asset with provable mathematical scarcity. Only
21 million will ever exist. And that cap is enforced
by cryptography, not human promises. Second,
it's about inflation protection. When governments
print trillions of dollars, cash becomes toxic.
Your treasury is literally losing value every
day. Strategies, Bitcoin holdings appreciated
by $3 .9 billion in Q3 2025 alone. Show me a
cash account that did that. Third, it's about
network effects. The more institutions that adopt
Bitcoin, the safer it becomes for the next institution
to adopt Bitcoin. When Strategy does it, they're
crazy. When MicroStrategy and Tesla do it, they're
visionary. When MicroStrategy, Tesla, SpaceX,
and dozens of other companies do it, it's prudent
treasury management. Fourth, it's about taking
responsibility for your own monetary future.
Holding dollars means trusting politicians not
to debase the currency. Holding Bitcoin means
trusting mathematics, cryptography, and decentralized
consensus. Which would you trust? The institutions
that are moving early are going to look like
geniuses in 10 years. The ones that wait are
going to be explaining to shareholders why they
missed the biggest wealth transfer in history.
What an incredible day for Bitcoin. Let's recap
the absolute tsunami of bullish news. Bitcoin
smashed through $126 ,000 to new all -time highs.
BlackRock's iBit is about to hit $100 billion.
ETF inflows are breaking records. Deutsche Bank
says Bitcoin will be on central bank balance
sheets by 2030. SpaceX holds a billion dollars
in Bitcoin. Corporate treasuries are going orange.
The regulatory environment is improving. The
SEC is pivoting toward clarity. The political
will is building for a strategic Bitcoin reserve.
The network is stronger than ever. Holders are
accumulating. Exchange balances are at three
-year lows. And most importantly, none of this
was an accident. Bitcoin was designed to be exactly
what it's becoming, the global reserve asset
for the digital age. Remember to visit thebitcoinstreetjournal
.com, set up your Noster profile, start zapping
sats, and join the decentralized revolution.
Study Bitcoin, understand why it works, and if
you're not already, consider getting some exposure.
We're still early. Most importantly, not your
keys, not your Bitcoin. Take custody of your
own wealth. Be your own bank. The 21 million
Bitcoin cap doesn't care about your skepticism.
The proof of work consensus doesn't care about
your opinion. Bitcoin is inevitable. Keep stacking
sats, keep hodling through volatility, and keep
spreading the orange bill. Thanks for joining
us on the Bitcoin Street Journal podcast. This
is history being made in real time. See you on
the next block.