WEBVTT 00:00:00.000 --> 00:00:02.660 Hey, hey, hey, what's up, Bitcoin maximalists? 00:00:02.740 --> 00:00:04.919 Welcome to the Bitcoin Street Journal podcast, 00:00:05.299 --> 00:00:07.820 the only podcast that tells you the truth about 00:00:07.820 --> 00:00:10.839 Bitcoin, money, and why everything else is just 00:00:10.839 --> 00:00:14.660 noise. I'm Anna, and oh my God, do I have a show 00:00:14.660 --> 00:00:18.519 for you today. Bitcoin is sitting pretty at $115 00:00:18.519 --> 00:00:23.300 ,000. Strategy just added 390 more Bitcoin to 00:00:23.300 --> 00:00:27.329 their already insane stack. And bears, oh. The 00:00:27.329 --> 00:00:30.089 bears got absolutely demolished to the tune of 00:00:30.089 --> 00:00:34.310 $165 million in liquidations. We're talking institutional 00:00:34.310 --> 00:00:37.170 accumulation on steroids. We're talking about 00:00:37.170 --> 00:00:39.789 the Federal Reserve about to cut rates. We're 00:00:39.789 --> 00:00:42.530 talking about nation states mining Bitcoin with 00:00:42.530 --> 00:00:45.590 hydroelectric power. And yes, we're going to 00:00:45.590 --> 00:00:48.130 roast some altcoins so hard that Vitalik is going 00:00:48.130 --> 00:00:51.490 to feel it from wherever he is. But first, quick 00:00:51.490 --> 00:00:54.259 announcement. Head over to the BitcoinStreetJournal 00:00:54.259 --> 00:00:57.700 .com and set up your free Noster profile. Stop 00:00:57.700 --> 00:01:00.299 giving your data to centralized platforms. Be 00:01:00.299 --> 00:01:03.159 sovereign. Be free. And once you're on Noster, 00:01:03.320 --> 00:01:05.920 zap me some sats to show this podcast some lightning 00:01:05.920 --> 00:01:08.640 network love. All right, let's dive into the 00:01:08.640 --> 00:01:11.480 orange ocean of Bitcoin dominance. Buckle up, 00:01:11.500 --> 00:01:14.280 because this is going to be a ride. Anna, okay, 00:01:14.420 --> 00:01:16.959 let's talk numbers, because numbers don't lie, 00:01:17.099 --> 00:01:20.560 and these numbers are beautiful. Bitcoin is currently 00:01:20.560 --> 00:01:26.540 trading at $115 ,021. That's up 1 .12 % in the 00:01:26.540 --> 00:01:29.400 last 24 hours, which might not sound like much, 00:01:29.500 --> 00:01:35.519 but that's a $1 ,276 move on a $115 ,000 asset. 00:01:35.599 --> 00:01:39.340 Do the math on your portfolio gains. Our 24 -hour 00:01:39.340 --> 00:01:44.019 high, $116 ,032. We kissed that level and we're 00:01:44.019 --> 00:01:48.620 consolidating. The low was $113 ,083, giving 00:01:48.620 --> 00:01:52.120 us a nice healthy $3 ,000 trading range. That's 00:01:52.120 --> 00:01:55.859 not volatility. Folks, that's energy. That's 00:01:55.859 --> 00:01:58.540 Bitcoin coiling up for the next move. Market 00:01:58.540 --> 00:02:02.799 cap? Oh, just $2 .29 trillion with a T. Let me 00:02:02.799 --> 00:02:05.599 say that again because it feels good. $2 .29 00:02:05.599 --> 00:02:09.120 trillion. But here's my favorite stat. And this 00:02:09.120 --> 00:02:11.460 is the one that makes me smile every single morning 00:02:11.460 --> 00:02:14.229 when I check my phone. Bitcoin dominance is at 00:02:14.229 --> 00:02:18.810 57 .83%. That's right. While every altcoin influencer 00:02:18.810 --> 00:02:21.330 on Twitter is screaming about altseason and the 00:02:21.330 --> 00:02:24.110 flippening, Bitcoin is out here controlling nearly 00:02:24.110 --> 00:02:27.689 60 % of the entire crypto market cap. The king 00:02:27.689 --> 00:02:30.830 doesn't just reign, the king dominates. We've 00:02:30.830 --> 00:02:35.689 got 19 ,940 ,681 Bitcoin in circulation right 00:02:35.689 --> 00:02:41.060 now. Only 1 ,059 ,319 left to mine before we 00:02:41.060 --> 00:02:43.520 hit that beautiful, perfect, unchangeable number, 00:02:43.680 --> 00:02:48.479 21 million. Think about that. We're 94 .95 % 00:02:48.479 --> 00:02:51.340 of the way through Bitcoin's issuance. The scarcity 00:02:51.340 --> 00:02:54.800 is real. The supply shock is coming. Trading 00:02:54.800 --> 00:02:58.840 volume in the last 24 hours, $60 .5 billion in 00:02:58.840 --> 00:03:01.719 real volume. Not wash trading on some sketchy 00:03:01.719 --> 00:03:03.580 exchange that's going to rug pull next month. 00:03:04.060 --> 00:03:07.099 This is actual Bitcoin changing hands on real 00:03:07.099 --> 00:03:09.580 markets. And for those keeping score at home, 00:03:09.659 --> 00:03:13.620 we're only 8 .59 % down from our all -time high 00:03:13.620 --> 00:03:17.800 of $126 ,080 that we hit just three weeks ago 00:03:17.800 --> 00:03:21.400 on October 6th. Three weeks ago, people. If you 00:03:21.400 --> 00:03:23.680 bought Bitcoin when I started this podcast in 00:03:23.680 --> 00:03:29.550 2023 at $17 ,000, you're up 576%. Meanwhile, 00:03:29.729 --> 00:03:32.129 your friend who bought the Ethereum killer is 00:03:32.129 --> 00:03:35.349 down 90 % and asking to borrow money for gas 00:03:35.349 --> 00:03:38.569 fees. And I don't mean the car kind. Bitcoin 00:03:38.569 --> 00:03:41.830 is inevitable. The numbers prove it. The market 00:03:41.830 --> 00:03:44.669 proves it. And we're just getting started. All 00:03:44.669 --> 00:03:46.870 right. This is the headline that should make 00:03:46.870 --> 00:03:49.710 every CFO in America wake up in a cold sweat. 00:03:50.139 --> 00:03:53.400 Strategy has added 390 Bitcoin to their treasury. 00:03:53.580 --> 00:03:56.360 Now, before we go any further, let's talk about 00:03:56.360 --> 00:03:59.360 strategy. Formerly known as MicroStrategy, before 00:03:59.360 --> 00:04:02.000 they went full Bitcoin maximalist and literally 00:04:02.000 --> 00:04:04.259 renamed their company to reflect their conviction. 00:04:04.539 --> 00:04:10.460 Their total holdings now, 640 ,808 Bitcoin. Do 00:04:10.460 --> 00:04:12.719 you understand what that means? Let me break 00:04:12.719 --> 00:04:16.819 this down for you. That's 3 .05 % of all Bitcoin 00:04:16.819 --> 00:04:20.620 that will ever exist. Not 3 % of what's in circulation. 00:04:20.899 --> 00:04:26.800 3 % of the maximum supply. 3 .05 % of 21 million. 00:04:26.939 --> 00:04:32.040 At today's price of $115 ,021, Strategy's Bitcoin 00:04:32.040 --> 00:04:37.500 holdings are worth $73 .7 billion. That's more 00:04:37.500 --> 00:04:40.240 than most Fortune 500 companies' entire market 00:04:40.240 --> 00:04:43.019 cap. And they're not selling. They're not trading 00:04:43.019 --> 00:04:46.230 it. They're just stacking sats. Michael Saylor, 00:04:46.290 --> 00:04:48.870 and let's give credit where credit is due, this 00:04:48.870 --> 00:04:51.949 man has conviction. While every other corporate 00:04:51.949 --> 00:04:54.750 treasury is holding bonds that are getting inflated 00:04:54.750 --> 00:04:57.290 away, while they're holding dollars that lose 00:04:57.290 --> 00:05:00.610 purchasing power every single day, Strategy is 00:05:00.610 --> 00:05:02.910 converting every dollar they can get their hands 00:05:02.910 --> 00:05:06.230 on into the hardest money ever created. They're 00:05:06.230 --> 00:05:08.610 using convertible notes. They're doing equity 00:05:08.610 --> 00:05:11.569 offerings. They're refinancing debt. whatever 00:05:11.569 --> 00:05:14.569 it takes to acquire more Bitcoin. And you know 00:05:14.569 --> 00:05:17.529 what? It's working. Here's the game theory that's 00:05:17.529 --> 00:05:20.370 absolutely beautiful. Every quarter that goes 00:05:20.370 --> 00:05:23.509 by, strategy's Bitcoin holdings become a larger 00:05:23.509 --> 00:05:26.750 percentage of their market cap. They're essentially 00:05:26.750 --> 00:05:29.970 becoming a Bitcoin ETF with a software company 00:05:29.970 --> 00:05:33.790 attached. And now there's serious talk, serious 00:05:33.790 --> 00:05:37.709 talk about strategy qualifying for S &P 500 inclusion. 00:05:38.269 --> 00:05:41.560 Imagine that. A Bitcoin treasury company in the 00:05:41.560 --> 00:05:45.500 S &P 500. You know what that means? Every index 00:05:45.500 --> 00:05:48.879 fund, every pension fund, every boomer retirement 00:05:48.879 --> 00:05:52.240 account that tracks the S &P 500 would be forced 00:05:52.240 --> 00:05:55.459 to buy strategy stock. They'd be getting orange 00:05:55.459 --> 00:05:58.540 -pilled through their 401ks without even knowing 00:05:58.540 --> 00:06:01.720 it. The race to accumulate Bitcoin at the corporate 00:06:01.720 --> 00:06:04.939 level has stalled it. And strategy is lapping 00:06:04.939 --> 00:06:07.660 everyone else. They're not just winning. They're 00:06:07.660 --> 00:06:10.439 playing a different game entirely. But it's not 00:06:10.439 --> 00:06:13.660 just strategy. Let me rapid fire some other institutional 00:06:13.660 --> 00:06:17.300 moves. IBM just unveiled Digital Asset Haven, 00:06:17.439 --> 00:06:20.740 a full stack platform for institutions to manage 00:06:20.740 --> 00:06:24.439 digital assets across 40 plus blockchains. Yes, 00:06:24.500 --> 00:06:26.579 they're hedging with blockchain, not Bitcoin. 00:06:26.819 --> 00:06:30.160 But you know where this ends. When those 39 other 00:06:30.160 --> 00:06:32.899 chains fail, there's only one left standing. 00:06:33.560 --> 00:06:36.699 David Beckham -backed Prenetics just raised $46 00:06:36.699 --> 00:06:39.819 .8 million to advance their Bitcoin treasury 00:06:39.819 --> 00:06:43.199 strategy. Athletes, celebrities, tech companies, 00:06:43.439 --> 00:06:46.600 everyone is waking up. Even Japan launched a 00:06:46.600 --> 00:06:49.600 Yen Peg stablecoin. And you know what backs those 00:06:49.600 --> 00:06:53.540 stablecoins eventually? Bitcoin. All roads lead 00:06:53.540 --> 00:06:57.240 to Bitcoin. The corporate FOMO is real. The institutional 00:06:57.240 --> 00:07:01.120 FOMO is real. And once it starts, it's unstoppable. 00:07:01.560 --> 00:07:05.930 Remember. 21 million Bitcoin, 7 billion people, 00:07:06.069 --> 00:07:09.029 thousands of corporations, hundreds of nation 00:07:09.029 --> 00:07:12.610 states. You do the math. The supply shock is 00:07:12.610 --> 00:07:15.689 inevitable. Strategy just fired another shot 00:07:15.689 --> 00:07:19.029 across the bow. Every other company is now asking 00:07:19.029 --> 00:07:21.610 themselves, can we afford not to have Bitcoin 00:07:21.610 --> 00:07:24.850 on our balance sheet? The answer is no, they 00:07:24.850 --> 00:07:27.209 can't. And they're about to find out the hard 00:07:27.209 --> 00:07:30.709 way. Inna, let's talk macro. Because what happens 00:07:30.709 --> 00:07:33.670 in Washington, D .C. affects every single Satoshi 00:07:33.670 --> 00:07:36.230 in your wallet. Here's the headline that has 00:07:36.230 --> 00:07:39.629 Wall Street buzzing. There's a 98 .3 % chance 00:07:39.629 --> 00:07:43.089 of a 25 basis point rate cut happening in three 00:07:43.089 --> 00:07:46.949 days. The Fed meeting is Wednesday, October 29th. 00:07:46.970 --> 00:07:49.269 And the market is pricing in a rate cut with 00:07:49.269 --> 00:07:52.470 near absolute certainty. According to the CNE 00:07:52.470 --> 00:07:56.029 FedWatch tool, it's basically a done deal. Now, 00:07:56.029 --> 00:07:58.310 what does this mean for Bitcoin? Let me spell 00:07:58.310 --> 00:08:01.490 it out. Rate cuts equal cheaper money. Cheaper 00:08:01.490 --> 00:08:04.790 money equals more liquidity. More liquidity equals 00:08:04.790 --> 00:08:08.509 asset prices going up. But specifically for Bitcoin, 00:08:08.790 --> 00:08:11.990 which is the hardest asset ever created, rate 00:08:11.990 --> 00:08:15.509 cuts are rocket fuel. Why? Because when interest 00:08:15.509 --> 00:08:19.089 rates go down, holding dollars becomes even more 00:08:19.089 --> 00:08:22.490 painful. The opportunity cost of not owning Bitcoin 00:08:22.490 --> 00:08:26.420 goes through the roof. We just got news that 00:08:26.420 --> 00:08:29.139 Treasury Secretary Scott Besson says the U .S. 00:08:29.160 --> 00:08:31.420 has reached a substantial trade framework with 00:08:31.420 --> 00:08:34.399 China. This potentially removes the need for 00:08:34.399 --> 00:08:38.120 Trump's 100 % tariffs. Translation, more global 00:08:38.120 --> 00:08:41.620 trade, more dollars circulating, more money printing, 00:08:41.840 --> 00:08:44.840 more debasement, more reasons to own Bitcoin. 00:08:45.139 --> 00:08:47.980 And folks, this is happening right as Glassnode 00:08:47.980 --> 00:08:50.539 data shows that selling pressure has completely 00:08:50.539 --> 00:08:53.700 subsided. Long -term holders are not selling. 00:08:53.820 --> 00:08:56.460 The weak hands got shaken out during the recent 00:08:56.460 --> 00:08:59.820 pullback. And now the diamond hands are accumulating. 00:09:00.039 --> 00:09:03.320 But here's my favorite story of the day. Over 00:09:03.320 --> 00:09:07.940 $165 million in short positions got liquidated 00:09:07.940 --> 00:09:11.460 in the past four hours. Can we take a moment 00:09:11.460 --> 00:09:14.179 of silence for all the bears who thought they 00:09:14.179 --> 00:09:19.820 were smart shorting Bitcoin at $113 ,000? Okay, 00:09:19.919 --> 00:09:23.960 moment's over. They got wrecked. They got absolutely 00:09:23.960 --> 00:09:27.460 destroyed. And you know what? They deserved it. 00:09:27.539 --> 00:09:30.019 You don't short the hardest money ever created 00:09:30.019 --> 00:09:32.679 right before a Fed rate cut. You don't short 00:09:32.679 --> 00:09:35.240 Bitcoin when institutional demand be through 00:09:35.240 --> 00:09:38.080 the roof. You don't bet against the honey badger. 00:09:38.139 --> 00:09:40.940 And here's the beautiful part. When shorts get 00:09:40.940 --> 00:09:43.820 liquidated, they have to buy Bitcoin to cover 00:09:43.820 --> 00:09:46.960 their positions. That adds more buying pressure. 00:09:47.080 --> 00:09:49.899 It creates a short squeeze. Every bear that gets 00:09:49.899 --> 00:09:52.980 liquidated becomes forced buying. It's a cascading 00:09:52.980 --> 00:09:55.899 effect. And it's glorious. The fear and greed 00:09:55.899 --> 00:09:58.820 index just exited fear territory for the first 00:09:58.820 --> 00:10:01.639 time since the crash. We went from extreme fear 00:10:01.639 --> 00:10:05.179 to neutral. Sentiment is shifting. Psychology 00:10:05.179 --> 00:10:08.240 is changing. You know what's wild? Bitcoin is 00:10:08.240 --> 00:10:11.340 doing all of this before the Fed even cuts rates. 00:10:11.500 --> 00:10:14.529 Imagine what happens after. Imagine when that 00:10:14.529 --> 00:10:17.529 liquidity hits the market. Imagine when everyone 00:10:17.529 --> 00:10:20.490 realizes that dollars are melting ice cubes. 00:10:20.730 --> 00:10:23.450 Oh, and speaking of no -coiners who got it wrong, 00:10:23.590 --> 00:10:26.370 remember Peter Zahan? He went on Joe Rogan's 00:10:26.370 --> 00:10:29.730 podcast in 2023 and said Bitcoin would go negative. 00:10:29.970 --> 00:10:32.889 He literally predicted Bitcoin's price would 00:10:32.889 --> 00:10:36.549 be negative. Bitcoin was at $17 ,000 when he 00:10:36.549 --> 00:10:41.750 said that. It's now at $115 ,000. That's a 576 00:10:41.750 --> 00:10:45.230 % increase. This is why you don't listen to fiat 00:10:45.230 --> 00:10:48.350 economists who think money grows on trees. They 00:10:48.350 --> 00:10:51.149 don't understand scarcity. They don't understand 00:10:51.149 --> 00:10:54.210 decentralization. They certainly don't understand 00:10:54.210 --> 00:10:57.149 Bitcoin. Bitcoin doesn't care about Peter Zahan's 00:10:57.149 --> 00:11:00.110 opinion. Bitcoin doesn't care about Jerome Powell's 00:11:00.110 --> 00:11:02.730 opinion. Bitcoin doesn't care about anyone's 00:11:02.730 --> 00:11:05.929 opinion. Bitcoin just keeps ticking, block by 00:11:05.929 --> 00:11:09.250 block, transaction by transaction. Immutable, 00:11:09.409 --> 00:11:13.169 unstoppable, inevitable. Let's talk about something 00:11:13.169 --> 00:11:16.350 that should make every Bitcoiner smile. Nation 00:11:16.350 --> 00:11:19.929 states are stacking Bitcoin. Not companies, countries. 00:11:20.570 --> 00:11:23.149 Bhutan's state investment arm, Druke Holding 00:11:23.149 --> 00:11:26.690 and Investments, just moved 517 Bitcoin worth 00:11:26.690 --> 00:11:30.250 $59 million to new wallets. Now this isn't a 00:11:30.250 --> 00:11:33.289 sale. This is wallet management. They're probably 00:11:33.289 --> 00:11:36.590 upgrading security, rotating wallets, doing proper 00:11:36.590 --> 00:11:39.149 custody procedures. But here's what matters. 00:11:39.679 --> 00:11:42.799 Bhutan has been mining Bitcoin using their hydroelectric 00:11:42.799 --> 00:11:45.659 power. They're literally converting waterfalls 00:11:45.659 --> 00:11:48.720 into digital gold. They're taking renewable energy 00:11:48.720 --> 00:11:51.799 that would otherwise go unused and turning it 00:11:51.799 --> 00:11:54.980 into the hardest money on earth. This is a sovereign 00:11:54.980 --> 00:11:58.179 wealth fund. This is a country's treasury. El 00:11:58.179 --> 00:12:00.779 Salvador started the trend, but Bhutan's been 00:12:00.779 --> 00:12:03.379 quietly stacking in the background. And you know 00:12:03.379 --> 00:12:06.200 what this means? The nation state race has begun. 00:12:06.750 --> 00:12:09.830 Once one country starts stacking, every country 00:12:09.830 --> 00:12:13.190 has to follow or risk getting left behind. The 00:12:13.190 --> 00:12:16.330 game theory is beautiful and brutal. The first 00:12:16.330 --> 00:12:18.970 countries to adopt Bitcoin get the most benefit. 00:12:19.169 --> 00:12:22.389 They buy at lower prices. They secure larger 00:12:22.389 --> 00:12:25.269 percentages of the total supply. The last countries 00:12:25.269 --> 00:12:28.090 to adopt, they pay premium prices for scraps. 00:12:28.330 --> 00:12:31.539 They get orange -pilled the hard way. Meanwhile, 00:12:31.759 --> 00:12:34.320 the Bitcoin network just keeps getting stronger. 00:12:34.740 --> 00:12:37.960 Hash rate is at all -time highs. Mining security 00:12:37.960 --> 00:12:41.159 is at all -time highs. The network has never 00:12:41.159 --> 00:12:44.080 been more secure. And here's some good news for 00:12:44.080 --> 00:12:46.360 everyone worried about Mt. Gox selling pressure. 00:12:46.779 --> 00:12:49.399 They've extended the creditor repayment deadline 00:12:49.399 --> 00:12:53.919 to October 31, 2026. That's another year without 00:12:53.919 --> 00:12:56.480 that FUD hanging over the market. And honestly, 00:12:56.679 --> 00:12:59.539 most of those creditors are probably going to 00:12:59.539 --> 00:13:02.659 hodl anyway. They've waited 12 years. You think 00:13:02.659 --> 00:13:05.940 they're selling at 115K when Bitcoin's going 00:13:05.940 --> 00:13:09.799 to 500K plus? If you've held Bitcoin since 2013, 00:13:10.200 --> 00:13:12.980 you're not a weak hand. You're diamond forged. 00:13:13.299 --> 00:13:16.320 You're orange pilled to your core. The infrastructure 00:13:16.320 --> 00:13:19.600 is being built. The adoption is happening. The 00:13:19.600 --> 00:13:22.320 network is stronger than ever. And we're still 00:13:22.320 --> 00:13:25.970 early. Alright. It's time for my favorite segment, 00:13:26.110 --> 00:13:29.210 the segment where we take out the trash, the 00:13:29.210 --> 00:13:31.889 segment where we remind everyone why Bitcoin 00:13:31.889 --> 00:13:35.529 is the only crypto that matters. Ladies and gentlemen, 00:13:35.610 --> 00:13:39.909 it's altcoin roasting time. First up, Zcash. 00:13:40.070 --> 00:13:44.250 Oh boy, Zcash. So Zcash surged 30 % in the last 00:13:44.250 --> 00:13:47.960 24 hours after Arthur Hayes. Yes, the former 00:13:47.960 --> 00:13:50.620 BitMEX CEO who got in trouble with regulators 00:13:50.620 --> 00:13:55.419 predicted the token will reach $10 ,000. Zcash 00:13:55.419 --> 00:13:58.659 is currently at $40. So Arthur thinks it's going 00:13:58.659 --> 00:14:02.659 to 250x. That's his prediction. Let me tell you 00:14:02.659 --> 00:14:04.919 something about privacy coins. They're either 00:14:04.919 --> 00:14:07.799 useless or they're illegal. Pick your poison. 00:14:08.409 --> 00:14:11.450 Bitcoin already has privacy solutions. Lightning 00:14:11.450 --> 00:14:15.049 Network, Coinjoins, Taproot. You don't need some 00:14:15.049 --> 00:14:17.289 centralized privacy coin that's going to get 00:14:17.289 --> 00:14:20.029 delisted from every exchange. And here's the 00:14:20.029 --> 00:14:23.970 kicker. Zcash because of founder's tax. 20 % 00:14:23.970 --> 00:14:26.970 of all mining rewards go to the founders. That's 00:14:26.970 --> 00:14:29.990 not decentralized. That's a company paying themselves. 00:14:30.509 --> 00:14:34.129 That's a pre -mined scam with extra steps. Satoshi 00:14:34.129 --> 00:14:37.509 mined Bitcoin just like everyone else. And then... 00:14:37.659 --> 00:14:41.399 Disappear. No founders tax, no pre -mine, no 00:14:41.399 --> 00:14:44.759 CEO calling the shots. Next victim, Ethereum. 00:14:45.379 --> 00:14:48.820 Tom Lee from Fundstrat says ETH remains in a 00:14:48.820 --> 00:14:52.100 super cycle. He says fundamentals are now leading 00:14:52.100 --> 00:14:56.200 price, citing surging stablecoin demand and ETH 00:14:56.200 --> 00:14:59.320 transactions hitting all -time highs. Mocking 00:14:59.320 --> 00:15:03.980 voice. Supercycle. Ultra mega supercycle. Everything's 00:15:03.980 --> 00:15:06.919 a cycle with these guys. You know why ETH transactions 00:15:06.919 --> 00:15:10.820 are hitting all -time highs? Gas fees. People 00:15:10.820 --> 00:15:15.080 are paying $50 to move $100. That's not adoption. 00:15:15.460 --> 00:15:19.259 That's extortion. And stablecoin demand? That's 00:15:19.259 --> 00:15:22.080 people trying to exit. They're going from ETH 00:15:22.080 --> 00:15:25.340 into USDC so they can escape the sinking ship. 00:15:25.850 --> 00:15:29.269 Let's talk about Ethereum's fundamentals. They've 00:15:29.269 --> 00:15:32.929 changed their monetary policy 17 times. Is it 00:15:32.929 --> 00:15:36.309 proof of work? No, wait, proof of stake. Is it 00:15:36.309 --> 00:15:39.950 deflationary? No, wait, inflationary. Actually, 00:15:40.070 --> 00:15:42.850 sometimes it's deflationary depending on how 00:15:42.850 --> 00:15:45.710 busy the network is. That's not sound money. 00:15:45.929 --> 00:15:48.730 That's a company making it up as they go along. 00:15:48.889 --> 00:15:52.070 And the Ethereum Foundation sells ETH at every 00:15:52.070 --> 00:15:55.620 market top. They're literally dumping on retail 00:15:55.620 --> 00:16:00.279 investors. BNB just jumped 3 % after a $1 .69 00:16:00.279 --> 00:16:04.120 billion token burn. Oh, great. A centralized 00:16:04.120 --> 00:16:07.360 exchange token that burns supply to artificially 00:16:07.360 --> 00:16:10.139 pump the price. That's not decentralization. 00:16:10.419 --> 00:16:14.159 That's stock buybacks with worse PR. If Binance 00:16:14.159 --> 00:16:17.580 gets hacked tomorrow, BNB goes to zero. That's 00:16:17.580 --> 00:16:21.100 not an investment. That's a casino chip. Rapid 00:16:21.100 --> 00:16:24.970 Fire Roasting. XRP. Still fighting the SEC, still 00:16:24.970 --> 00:16:28.250 somehow in the top 10. It's the zombie coin that 00:16:28.250 --> 00:16:32.070 refuses to die. Aptos, the Solana killer. Down 00:16:32.070 --> 00:16:35.590 90 % from all -time high. Turns out you can't 00:16:35.590 --> 00:16:37.889 kill Solana when you're both equally centralized. 00:16:38.529 --> 00:16:41.629 Filecoin, a storage coin that nobody uses for 00:16:41.629 --> 00:16:45.629 storage. Classic. And my personal favorite, Japan's 00:16:45.629 --> 00:16:49.669 new yen -pegged stablecoin. A stablecoin pegged 00:16:49.669 --> 00:16:52.440 to a currency with negative interest rates. A 00:16:52.440 --> 00:16:55.200 stable coin pegged to a currency being printed 00:16:55.200 --> 00:16:58.720 into oblivion. It's like being the best player 00:16:58.720 --> 00:17:02.019 on the worst team. Here's the bottom line. Bitcoin 00:17:02.019 --> 00:17:05.339 is decentralized, permissionless, and has a fixed 00:17:05.339 --> 00:17:09.019 supply of 21 million. Every altcoin is either 00:17:09.019 --> 00:17:12.180 a solution looking for a problem, a centralized 00:17:12.180 --> 00:17:15.200 database pretending to be crypto, a security 00:17:15.200 --> 00:17:18.779 token trying to avoid the SEC, a pump and dump 00:17:18.779 --> 00:17:21.970 scheme, or all of the above. Bitcoin doesn't 00:17:21.970 --> 00:17:24.490 need to pivot. Bitcoin doesn't need a roadmap. 00:17:24.829 --> 00:17:28.529 Bitcoin doesn't have a CEO. Bitcoin is done. 00:17:28.710 --> 00:17:32.650 It's finished. It works. It's been working for 00:17:32.650 --> 00:17:36.269 16 years. It's like comparing gold to pocket 00:17:36.269 --> 00:17:39.450 lint. Sure, pocket lint is lighter, but nobody's 00:17:39.450 --> 00:17:42.450 using it to store wealth. Bitcoin is digital 00:17:42.450 --> 00:17:46.549 gold. Everything else is digital garbage. Okay, 00:17:46.609 --> 00:17:49.009 let's slow down and get educational for a minute. 00:17:49.450 --> 00:17:52.349 Because Bitcoin isn't just about price. It's 00:17:52.349 --> 00:17:55.369 about understanding why Bitcoin is revolutionary. 00:17:56.430 --> 00:17:59.730 Today's lesson, why Bitcoin's fixed supply makes 00:17:59.730 --> 00:18:02.410 it the hardest money ever created. Throughout 00:18:02.410 --> 00:18:05.809 all of human history, every form of money has 00:18:05.809 --> 00:18:09.569 been inflated. Gold? They discovered new mines. 00:18:09.730 --> 00:18:12.890 They improved extraction technology. The supply 00:18:12.890 --> 00:18:16.789 increased. Fiat currency? Don't even get me started. 00:18:17.029 --> 00:18:20.019 They just print more. They press a button and 00:18:20.019 --> 00:18:25.039 trillions appear. But Bitcoin? 21 million. That's 00:18:25.039 --> 00:18:28.299 it. Forever. Can't change it. Won't change it. 00:18:28.759 --> 00:18:31.619 Mathematically enforced by the protocol. Every 00:18:31.619 --> 00:18:34.960 10 minutes, a new block is mined. Currently, 00:18:35.059 --> 00:18:38.920 each block rewards the miner with 3 .125 Bitcoin. 00:18:39.279 --> 00:18:43.039 In 2028, mark your calendars, that reward gets 00:18:43.039 --> 00:18:48.490 cut in half to 1 .5625 Bitcoin. This is called 00:18:48.490 --> 00:18:52.890 the halving. The halving happens every 210 ,000 00:18:52.890 --> 00:18:56.490 blocks roughly every four years. It's predictable. 00:18:56.670 --> 00:19:00.089 It's programmed. It's inevitable. This creates 00:19:00.089 --> 00:19:04.329 scarcity, and scarcity creates value. We're mining 00:19:04.329 --> 00:19:08.650 fewer Bitcoin every day. But more people want 00:19:08.650 --> 00:19:11.910 it. More companies want it. More countries want 00:19:11.910 --> 00:19:15.730 it. That's Economics 101, Supply and Demand. 00:19:16.029 --> 00:19:18.789 The U .S. government printed trillions during 00:19:18.789 --> 00:19:22.509 COVID. Your dollars are worth less every single 00:19:22.509 --> 00:19:26.549 day. But Bitcoin, your Bitcoin is worth more 00:19:26.549 --> 00:19:29.210 because it's a fixed percentage of the total 00:19:29.210 --> 00:19:33.589 supply. If you own one Bitcoin, you own one out 00:19:33.589 --> 00:19:38.130 of 21 million. That ratio never changes. That's 00:19:38.130 --> 00:19:41.069 power. That's wealth preservation. And remember, 00:19:41.190 --> 00:19:46.470 not your keys. Not your Bitcoin. If your Bitcoin 00:19:46.470 --> 00:19:49.390 is on an exchange, you don't own it. They own 00:19:49.390 --> 00:19:51.829 it. And they can freeze it. They can lend it 00:19:51.829 --> 00:19:55.029 out. They can go bankrupt. Get a hardware wallet. 00:19:55.509 --> 00:19:58.769 Ledger. Trezor. Cold card. Move your Bitcoin 00:19:58.769 --> 00:20:01.789 to self -custody. Self -custody is financial 00:20:01.789 --> 00:20:04.529 sovereignty. It's the whole point of Bitcoin. 00:20:04.970 --> 00:20:08.809 Be your own bank. All right, Bitcoin maximalists. 00:20:08.910 --> 00:20:12.069 Let's bring this home. What a day. What a week. 00:20:12.210 --> 00:20:15.440 What a time to be alive and orange -pilled. Bitcoin 00:20:15.440 --> 00:20:20.440 at 115 ,000. Strategy stacking 390 more Bitcoin. 00:20:20.799 --> 00:20:24.200 Bears getting liquidated. The Fed about to cut 00:20:24.200 --> 00:20:27.019 rates. Nation states mining with hydroelectric 00:20:27.019 --> 00:20:30.799 power. The future is orange. Quick final numbers. 00:20:31.119 --> 00:20:37.000 Bitcoin holding strong at $115 ,021. Up 1 .12 00:20:37.000 --> 00:20:42.019 % in 24 hours. Market cap 2 .29 trillion. Dominance 00:20:42.019 --> 00:20:46.849 57 .83%. The king reigns. Before I let you go, 00:20:46.970 --> 00:20:49.470 here's what you need to do right now. Number 00:20:49.470 --> 00:20:52.630 one, go to the bitcoinstreetjournal .com and 00:20:52.630 --> 00:20:56.309 set up your free Nostra profile. Stop using centralized 00:20:56.309 --> 00:21:00.490 social media. Be sovereign. Number two, if this 00:21:00.490 --> 00:21:03.349 episode added value to your life, zap me some 00:21:03.349 --> 00:21:06.970 sats on lightning. No ads, no sponsors, just 00:21:06.970 --> 00:21:10.609 you supporting real Bitcoin content. Number three, 00:21:10.730 --> 00:21:13.809 move your Bitcoin to self -custody. Not your 00:21:13.809 --> 00:21:16.569 keys, not your Bitcoin. Get it off the exchanges. 00:21:16.950 --> 00:21:20.849 Be your own bank. Number four, share this episode. 00:21:21.230 --> 00:21:23.930 Orange pill someone today, your no -coiner friend. 00:21:24.329 --> 00:21:27.049 Your altcoin holding cousin. Your boomer parents 00:21:27.049 --> 00:21:29.970 who still think Bitcoin is fake money. Bitcoin 00:21:29.970 --> 00:21:33.029 is inevitable. The game theory is playing out 00:21:33.029 --> 00:21:35.750 in real time. You can either be part of the revolution 00:21:35.750 --> 00:21:39.049 or you can watch from the sidelines. Stay humble. 00:21:39.349 --> 00:21:43.390 Stack stats. Think long term. And remember, The 00:21:43.390 --> 00:21:46.430 best time to buy Bitcoin was 10 years ago. The 00:21:46.430 --> 00:21:49.390 second best time is right now. This has been 00:21:49.390 --> 00:21:52.329 the Bitcoin Street Journal podcast. I'm Anna, 00:21:52.430 --> 00:21:53.849 and I'll see you on the next block.