Only ones talking about the only cryptocurrency
that matters. I'm Anna, and holy hell, do we
have some spicy developments to cover today.
Now, before all the paper hands out there start
freaking out about today's price action, let
me tell you something. This episode is going
to absolutely blow your mind. While the weak
hands are panic selling, institutions are vacuuming
up Bitcoin like there's no tomorrow. We've got
Michael Saylor doing what he does best, buying
the dip. We've got stake and shake. Yes, you
heard that right. Stake and shake. Launching
a strategic Bitcoin reserve. We've got BlackRock
moving massive amounts of Bitcoin around. And
we've got the Federal Reserve printing money
like it's going out of style. And here's the
kicker. Bitcoin's hash rate just hit a new all
-time high. Think about that for a second. Miners
are more confident than ever, while normies are
selling to them at a discount. But first, and
this is important. Head over to the BitcoinStreetJournal
.com and set up your free Noster profile. Zap
us some sats if you love what we're doing. Support
real Bitcoin media, not those corporate shills
talking about blockchain technology and Web3.
We're talking about Bitcoin, baby. All right,
let's dive into the numbers that matter. Anna,
okay, moment of truth. Where is Bitcoin right
now? Bitcoin is trading at $100 ,974. Now. I
can already hear the FUD merchants screaming,
Anna, we're down 3 .42 % in the last 24 hours.
We're 17 .5 % below the all -time high of $126
,080. The sky is falling. Wrong. Let me tell
you what's actually happening here. Bitcoin's
market cap, a cool $2 .07 trillion. That's trillion
with a T. And our dominance, sitting pretty at
58 .59%. That means Bitcoin owns nearly 60 %
of the entire crypto market cap. All those shitcoins
combined, they can't even match half of what
Bitcoin is worth. We had a 24 -hour high of $108
,137 and a low of $103 ,656. That's volatility,
baby. That's Bitcoin doing what Bitcoin does,
shaking out the weak hands so the strong hands
can accumulate more. Daily volume, $85 .3 billion.
That's institutional money moving around. That's
real liquidity. And you want to know the funniest
part? The fear and greed index just dropped to
21. Extreme fear. You know what that means, right?
It means it's time to buy. When there's blood
in the streets, even if it's your own blood,
that's when fortunes are made. Remember. Bitcoin's
max supply is fixed at 21 million coins. We've
already mined 19 ,944 ,128 of them. That means
we're 94 .97 % of the way there. Every Bitcoin
that gets mined. Every Bitcoin that gets lost.
Every Bitcoin that gets huddled by diamond hands
like you and me. That's one less Bitcoin available
for everyone else. Supply is shrinking. Demand
is growing. and institutions are finally waking
up to what we've known all along. Now let's get
into the news that's going to make your jaw drop.
Anna, all right, buckle up because this segment
is pure fire. Let's start with the king of Bitcoin
accumulation, Michael Saylor and his company
Strategy. Just today, this absolute legend announced
that Strategy bought another 397 Bitcoin for
$45 .6 million. Now, some of you might be thinking,
Anna, 397 Bitcoin? That doesn't sound like that
much. Oh, but it is. Because here's the thing.
They bought at an average price of $114 ,771
per Bitcoin. That means Saylor literally bought
above today's price. He's not waiting for some
magical dip. He's buying now because he knows
where this is going. Strategy now holds 641 ,205
Bitcoin. Let me say that again. 641 ,205 Bitcoin.
That's 3 .05 % of the entire Bitcoin supply.
And they've got a 26 .1 % year -to -date gain.
You know what I love about Saylor? While everyone
else is talking about timing the market, this
man is just stacking sats. He bought the dip
today, and you know he'll buy the rep tomorrow.
He's not trading. He's accumulating. He's building
generational wealth. And he said something brilliant
recently. He said Bitcoin is going to surge to
$180 ,000 and then crash to $140 ,000. And people
are going to freak out. But you know what? If
you're a Bitcoin maximalist, you don't care.
Because you understand that a crash to $140 ,000
from today's $103 ,974 is still a 34 % gain.
This is the volatility we signed up for. This
is the rocket ship to financial freedom. Now,
here's a story that's going to make you smile.
Steak and Shake, the classic American restaurant
chain, just became the first major restaurant
chain to launch a strategic Bitcoin reserve.
i'm not joking they're funding it with bitcoin
payments via the lightning network they're reporting
lower fees increased customer engagement and
they're stacking sats from every bitcoin payment
they receive this is exactly how bitcoin adoption
happens it's not through some complicated blockchain
solution or some enterprise consortium nonsense
it's through real businesses accepting real bitcoin
for real products you want a burger and fries
pay with bitcoin and now steak and shake is holding
that bitcoin they're not immediately converting
it to dollars like the cowards they're hodling
it this is sound money principles in action this
is austrian economics in the real world this
is beautiful and speaking of giants blackrock
just deposited 1198 bitcoin worth 129 million
dollars to coinbase prime in the past hour Let
that sink in for a second. The world's largest
asset manager with $10 trillion in assets under
management is moving massive amounts of Bitcoin
around. And guess what else? They just announced
plans to launch a Bitcoin ETF in Australia. The
BlackRock Bitcoin ETF has been one of the most
successful ETF launches in history. And now they're
taking it global. Australia is just the beginning.
You know what this means? It means that every
Australian with a retirement account, every Australian
financial advisor, every Australian institution,
they're about to get orange -pilled whether they
like it or not. Here's another institutional
move that's brilliant. Vivek Ramaswamy's company,
Strive, is offering its first perpetual preferred
stock via IPO. And guess what they're doing with
the proceeds? Buying more Bitcoin. They're modeling
this after strategies approach, creating a credit
market Bitcoin pipeline. This is financial engineering
that makes sense. Instead of some complicated
derivatives nonsense, they're using traditional
financial instruments to acquire the hardest
money that's ever existed. This is how Bitcoin
becomes the global reserve asset, not through
government mandates, but through market forces,
through people and companies realizing that holding
dollars is a losing game and holding Bitcoin
is winning. Now, let's talk about the macro picture.
because this is where things get really interesting
the federal reserve just injected 29 .4 billion
dollars into the u .s banking system via overnight
repos let me repeat that 29 .4 billion dollars
and according to the data that's more than what
we saw at the height of the dot -com bubble but
don't worry everyone the fed says it's totally
normal nothing to see here just casually injecting
tens of billions of dollars to keep the banking
system from imploding. And they wonder why people
are buying Bitcoin. This is exactly why Bitcoin
exists. This is exactly why Satoshi Nakamoto
created a monetary system with a fixed supply.
Because when central banks can just print money
whenever they want, when they can bail out their
banker friends whenever they want, when they
can devalue your savings whenever they want,
that's not a monetary system. That's a scam.
Bitcoin is the exit from this madness. Now, let's
talk predictions. Fundstrat's Tom Lee just came
out and said Bitcoin can still reach $150 ,000
to $200 ,000 by the end of the year. That's right.
End of year. We're in November, and he's saying
we could see Bitcoin double from here in the
next two months. Is that crazy? Maybe. Is it
possible? Absolutely. And you know who else is
talking big numbers? Samson Mao. He says Bitcoin
is still far from real price discovery. He thinks
the fair market value could already be around
$200 ,000 given demand and inflation. He says
we're just keeping up with inflation right now,
tracking M2 and gold, but we're nowhere near
where we should be. Think about that. We're at
$104 ,000 and people are saying the fair value
is $200 ,000. That means Bitcoin is still undervalued,
even at six figures. And here's something that's
going to make you chuckle. There's currently
$8 billion in Bitcoin shorts that would be liquidated
if Bitcoin rallies just 5 % to 117 ,000. $8 billion
worth of traders betting against Bitcoin. You
know what happens when those shorts get liquidated?
They have to buy Bitcoin to close their positions.
That creates a cascade effect, a short squeeze
that could propel Bitcoin to new heights. These
gamblers are betting against the hardest money
in human history. They're betting against math.
They're betting against the most secure network
ever created. And they're about to learn a very
expensive lesson. In the last 24 hours, we saw
$1 .32 billion worth of contracts liquidated.
Of that, longs liquidated $1 .17 billion and
shorts liquidated $142 million. Now the bears
are going to say, see? The longs got wrecked.
But here's what they're missing. Those weak longs
got flushed out. The leverage got cleared. And
now we have a cleaner market structure. And you
know what else happened yesterday? Spot Bitcoin
ETFs had net outflows of 186 .5 million. You
know what that means? That means Bitcoin is going
on sale. That means there are sellers at these
prices. And you know who's buying from those
sellers? Michael Saylor. BlackRock. The smart
money. Anna. Now let's talk about something that
should make every Bitcoin maximalist smile from
ear to ear. Bitcoin's hash rate just hit new
all time highs, while the price is still down
15 % from its all time high. Let me explain why
this is absolutely massive. The hash rate is
the total computing power securing the Bitcoin
network. When the hash rate goes up, it means
miners are investing more money into mining equipment.
It means they're more confident about Bitcoin's
future. It means the network is more secure than
it's ever been. And they're doing this while
the price is down. That means miners see something
that the paper hands don't. They see the long
-term value. They're not scared of short -term
volatility. You know what the saying is? Follow
the miners. And the miners are saying, buy. This
is like having the world's most sophisticated
security system protecting your money. And that
security system just got even stronger. No altcoin
can compete with this. No Ethereum killer has
anywhere close to this level of security. Bitcoin's
network is a fortress, and every day it gets
stronger. And while we're talking about technical
developments, the Lightning Network continues
to grow. We're seeing more adoption, more integration,
more real -world use cases. Stake and Shake accepting
Lightning payments is just one example, but all
over the world. Merchants are realizing that
Lightning offers instant settlement. practically
zero fees and the ability to accept bitcoin payments
at scale this is bitcoin scaling solution working
in real time not some theoretical white paper
actual adoption happening right now here's a
story that'll warm your heart someone who dig
50 weekly dollar cost averaging since 2022 that's
200 weeks just posted their results cash invested
ten thousand dollars if they bought gold four
Buy 56 ounces worth $18 ,383. If they bought
Bitcoin, 0 .2614 BTC worth $28 ,643. Bitcoin
crushed gold and both crushed just holding cash.
This is the power of consistent accumulation.
This is the power of not trying to time the market.
This is the power of having a low time preference.
You don't need to be Michael Saylor buying millions
of dollars worth. You can buy $50 a week. You
can buy $10 a week. Just start. Just begin your
journey to financial sovereignty. Anna, all right,
it's time for everyone's favorite segment where
we talk about all those Bitcoin alternatives
that are totally going to flip Bitcoin this time.
I saw a chart today showing the top 15 Layer
1 blockchains by fully diluted valuation launched
in 2025. You know what's hilarious about this?
15 new Layer 1 blockchains launched this year
alone. 15 different teams all claiming they've
solved what Bitcoin couldn't solve. We have faster
transactions. Who cares when you sacrifice decentralization?
We have smart contracts. cool story how centralized
is your validator set we're more eco -friendly
because you have 12 no's run by the founders
every single one of these chains has the same
playbook one create lots of hype two launch with
insane valuation three slowly unlock tokens and
dump on retail four team gets rich five chain
becomes a ghost town six announce a 2 .0 version
rinse and repeat speaking of altcoin nonsense
stream finance just lost 93 million dollars and
according to analysts hundreds of millions of
dollars in loan and collateral positions could
be indirectly affected across multiple networks
the contagion risk is everywhere in d5 You know
why? Because these systems are built on top of
each other like a house of cards. One protocol
fails and it cascades through the entire ecosystem.
But you know what doesn't have this problem?
Bitcoin. Because Bitcoin doesn't pretend to be
something it's not. Bitcoin is sound money. It's
not trying to be a casino. It's not trying to
offer you 20 % APY on your stablecoin deposits.
Bitcoin ended October slightly down. And all
the Ethereum holders were celebrating, finally.
Maybe Ethereum can catch up. Good luck with that.
While Bitcoin miners are accumulating, while
institutions are stacking Bitcoin, Ethereum holders
are desperately hoping for the flippening. That's
never going to happen. Ethereum had its chance.
It had the first mover advantage in smart contracts.
And what did it do? It abandoned proof of work.
It became more centralized. It created a monetary
policy that changes with the wind. Bitcoin's
monetary policy? Fixed. 21 million. No inflation.
No surprises. No emergency hard fork that changes
the rules. And here's something rich. Tether
just released their Q3 attestation showing they
hold $135 billion in U .S. treasuries. Think
about that. The biggest stablecoin in crypto
is literally backed by government debt. They're
holding the very thing that Bitcoin was created
to replace. This is why Bitcoin is the only true
cryptocurrency. Everything else is just dollars
with extra steps. Anna, let me take a moment
here to educate our newer listeners about something
important. Why Bitcoin is different. Bitcoin
has three core features that no altcoin can replicate.
Number one, true decentralization. Bitcoin has
no CEO, no company, no foundation that can change
the rules. Satoshi disappeared. That was by design.
Because for money to be truly neutral, it can't
be controlled by anyone. Number two. Thick supply.
21 million Bitcoin. That's it. That's all there
will ever be. No governance proposals can change
this. No community vote can inflate the supply.
It's mathematics. Number three. Proof of work.
Bitcoin is secured by energy. Real world physics.
You can't fake it. You can't social engineer
it. You either did the work or you didn't. This
is why Bitcoin is inevitable. This is why all
roads lead to Bitcoin. This is why every cycle
more people realize that everything else is just
noise. And here's your regular reminder. If your
Bitcoin is on an exchange, it's not your Bitcoin.
It's an IOU. Get a hardware wallet. Learn how
to self -custody. Take responsibility for your
own financial sovereignty. The whole point of
Bitcoin is that you don't need to trust anyone.
So don't blow it by leaving your Bitcoin in someone
else's hands. All right, Bitcoin maximalists,
let's bring this home. Today we covered Michael
Saylor and Strategy buying another 397 Bitcoin,
bringing their total to over 641 ,000 Bitcoin.
Steak and Shake becoming the first major restaurant
chain with a strategic Bitcoin reserve. BlackRock
moving massive amounts of Bitcoin and launching
an ETF in Australia. The Fed injecting $29 .4
billion into the banking system, proving once
again why we need Bitcoin. Bitcoin's hash rate
hitting all -time highs while weak hands are
selling. And predictions of $150K to $200K before
the end of the year. Bitcoin is currently trading
at $100 ,974. Remember, this is not financial
advice, but if you're paying attention to what
the smart money is doing, you'll notice they're
buying while everyone else is panicking. The
fear and greed index is at 21 extreme fear. You
know what we say? Be greedy when others are fearful.
Before I let you go, number one, go to the bitcoinstreetjournal
.com and set up your free Nostra profile. Join
us on the only truly decentralized social network.
Number two, if you got value from this episode,
zap us some sats. Support real Bitcoin content
creators. Number three, share this podcast with
someone who needs to hear the truth about Bitcoin.
orange pill your friends and family number four
not your keys not your bitcoin get your bitcoin
off exchanges and into cold storage remember
bitcoin is not just an investment it's a movement
it's a revolution against central banking it's
a return to sound money it's your path to financial
sovereignty the price will go up the price will
go down michael saylor will keep buying Institutions
will keep accumulating and we'll keep huddling
because we understand that Bitcoin is inevitable.
Don't let the volatility shake you out. Don't
let the FUD get to you. Stay focused on the long
-term vision. 21 million Bitcoin. Fixed supply.
Decentralized network. The hardest money that's
ever existed. This is Anna from the Bitcoin Street
Journal podcast reminding you. Stack sats, stay
humble, and we'll see you on the next block.
Music Bitcoin themed outro with triumphant forward
looking energy. 15 seconds fade out.