WEBVTT 00:00:19.079 --> 00:00:21.399 Only ones talking about the only cryptocurrency 00:00:21.399 --> 00:00:24.960 that matters. I'm Anna, and holy hell, do we 00:00:24.960 --> 00:00:27.079 have some spicy developments to cover today. 00:00:27.500 --> 00:00:29.980 Now, before all the paper hands out there start 00:00:29.980 --> 00:00:32.359 freaking out about today's price action, let 00:00:32.359 --> 00:00:34.560 me tell you something. This episode is going 00:00:34.560 --> 00:00:37.899 to absolutely blow your mind. While the weak 00:00:37.899 --> 00:00:40.939 hands are panic selling, institutions are vacuuming 00:00:40.939 --> 00:00:43.820 up Bitcoin like there's no tomorrow. We've got 00:00:43.820 --> 00:00:46.380 Michael Saylor doing what he does best, buying 00:00:46.380 --> 00:00:49.119 the dip. We've got stake and shake. Yes, you 00:00:49.119 --> 00:00:51.600 heard that right. Stake and shake. Launching 00:00:51.600 --> 00:00:54.759 a strategic Bitcoin reserve. We've got BlackRock 00:00:54.759 --> 00:00:57.380 moving massive amounts of Bitcoin around. And 00:00:57.380 --> 00:00:59.520 we've got the Federal Reserve printing money 00:00:59.520 --> 00:01:02.060 like it's going out of style. And here's the 00:01:02.060 --> 00:01:05.200 kicker. Bitcoin's hash rate just hit a new all 00:01:05.200 --> 00:01:08.439 -time high. Think about that for a second. Miners 00:01:08.439 --> 00:01:11.079 are more confident than ever, while normies are 00:01:11.079 --> 00:01:14.000 selling to them at a discount. But first, and 00:01:14.000 --> 00:01:17.280 this is important. Head over to the BitcoinStreetJournal 00:01:17.280 --> 00:01:21.000 .com and set up your free Noster profile. Zap 00:01:21.000 --> 00:01:23.739 us some sats if you love what we're doing. Support 00:01:23.739 --> 00:01:26.900 real Bitcoin media, not those corporate shills 00:01:26.900 --> 00:01:29.560 talking about blockchain technology and Web3. 00:01:29.760 --> 00:01:32.700 We're talking about Bitcoin, baby. All right, 00:01:32.760 --> 00:01:35.439 let's dive into the numbers that matter. Anna, 00:01:35.540 --> 00:01:38.459 okay, moment of truth. Where is Bitcoin right 00:01:38.459 --> 00:01:44.280 now? Bitcoin is trading at $100 ,974. Now. I 00:01:44.280 --> 00:01:46.079 can already hear the FUD merchants screaming, 00:01:46.280 --> 00:01:50.400 Anna, we're down 3 .42 % in the last 24 hours. 00:01:50.519 --> 00:01:54.920 We're 17 .5 % below the all -time high of $126 00:01:54.920 --> 00:01:59.200 ,080. The sky is falling. Wrong. Let me tell 00:01:59.200 --> 00:02:01.640 you what's actually happening here. Bitcoin's 00:02:01.640 --> 00:02:05.739 market cap, a cool $2 .07 trillion. That's trillion 00:02:05.739 --> 00:02:08.740 with a T. And our dominance, sitting pretty at 00:02:08.740 --> 00:02:13.550 58 .59%. That means Bitcoin owns nearly 60 % 00:02:13.550 --> 00:02:16.830 of the entire crypto market cap. All those shitcoins 00:02:16.830 --> 00:02:19.409 combined, they can't even match half of what 00:02:19.409 --> 00:02:24.469 Bitcoin is worth. We had a 24 -hour high of $108 00:02:24.469 --> 00:02:31.490 ,137 and a low of $103 ,656. That's volatility, 00:02:31.669 --> 00:02:34.389 baby. That's Bitcoin doing what Bitcoin does, 00:02:34.650 --> 00:02:37.409 shaking out the weak hands so the strong hands 00:02:37.409 --> 00:02:41.930 can accumulate more. Daily volume, $85 .3 billion. 00:02:42.889 --> 00:02:45.729 That's institutional money moving around. That's 00:02:45.729 --> 00:02:48.210 real liquidity. And you want to know the funniest 00:02:48.210 --> 00:02:51.090 part? The fear and greed index just dropped to 00:02:51.090 --> 00:02:54.750 21. Extreme fear. You know what that means, right? 00:02:56.289 --> 00:02:59.409 It means it's time to buy. When there's blood 00:02:59.409 --> 00:03:01.569 in the streets, even if it's your own blood, 00:03:01.750 --> 00:03:05.120 that's when fortunes are made. Remember. Bitcoin's 00:03:05.120 --> 00:03:08.719 max supply is fixed at 21 million coins. We've 00:03:08.719 --> 00:03:14.539 already mined 19 ,944 ,128 of them. That means 00:03:14.539 --> 00:03:18.659 we're 94 .97 % of the way there. Every Bitcoin 00:03:18.659 --> 00:03:21.319 that gets mined. Every Bitcoin that gets lost. 00:03:22.680 --> 00:03:25.580 Every Bitcoin that gets huddled by diamond hands 00:03:25.580 --> 00:03:28.319 like you and me. That's one less Bitcoin available 00:03:28.319 --> 00:03:31.840 for everyone else. Supply is shrinking. Demand 00:03:31.840 --> 00:03:34.639 is growing. and institutions are finally waking 00:03:34.639 --> 00:03:37.360 up to what we've known all along. Now let's get 00:03:37.360 --> 00:03:39.900 into the news that's going to make your jaw drop. 00:03:40.159 --> 00:03:42.879 Anna, all right, buckle up because this segment 00:03:42.879 --> 00:03:45.919 is pure fire. Let's start with the king of Bitcoin 00:03:45.919 --> 00:03:48.719 accumulation, Michael Saylor and his company 00:03:48.719 --> 00:03:52.659 Strategy. Just today, this absolute legend announced 00:03:52.659 --> 00:03:56.219 that Strategy bought another 397 Bitcoin for 00:03:56.219 --> 00:04:00.060 $45 .6 million. Now, some of you might be thinking, 00:04:00.159 --> 00:04:03.919 Anna, 397 Bitcoin? That doesn't sound like that 00:04:03.919 --> 00:04:06.680 much. Oh, but it is. Because here's the thing. 00:04:06.780 --> 00:04:11.360 They bought at an average price of $114 ,771 00:04:11.360 --> 00:04:14.439 per Bitcoin. That means Saylor literally bought 00:04:14.439 --> 00:04:17.360 above today's price. He's not waiting for some 00:04:17.360 --> 00:04:20.319 magical dip. He's buying now because he knows 00:04:20.319 --> 00:04:24.920 where this is going. Strategy now holds 641 ,205 00:04:24.920 --> 00:04:29.939 Bitcoin. Let me say that again. 641 ,205 Bitcoin. 00:04:30.339 --> 00:04:33.819 That's 3 .05 % of the entire Bitcoin supply. 00:04:34.060 --> 00:04:37.660 And they've got a 26 .1 % year -to -date gain. 00:04:37.920 --> 00:04:40.660 You know what I love about Saylor? While everyone 00:04:40.660 --> 00:04:43.100 else is talking about timing the market, this 00:04:43.100 --> 00:04:46.360 man is just stacking sats. He bought the dip 00:04:46.360 --> 00:04:48.740 today, and you know he'll buy the rep tomorrow. 00:04:49.240 --> 00:04:52.819 He's not trading. He's accumulating. He's building 00:04:52.819 --> 00:04:56.060 generational wealth. And he said something brilliant 00:04:56.060 --> 00:04:59.220 recently. He said Bitcoin is going to surge to 00:04:59.220 --> 00:05:05.060 $180 ,000 and then crash to $140 ,000. And people 00:05:05.060 --> 00:05:07.819 are going to freak out. But you know what? If 00:05:07.819 --> 00:05:10.259 you're a Bitcoin maximalist, you don't care. 00:05:10.759 --> 00:05:14.199 Because you understand that a crash to $140 ,000 00:05:14.199 --> 00:05:20.199 from today's $103 ,974 is still a 34 % gain. 00:05:20.439 --> 00:05:23.579 This is the volatility we signed up for. This 00:05:23.579 --> 00:05:26.560 is the rocket ship to financial freedom. Now, 00:05:26.560 --> 00:05:28.680 here's a story that's going to make you smile. 00:05:29.000 --> 00:05:31.879 Steak and Shake, the classic American restaurant 00:05:31.879 --> 00:05:34.860 chain, just became the first major restaurant 00:05:34.860 --> 00:05:37.600 chain to launch a strategic Bitcoin reserve. 00:05:38.120 --> 00:05:40.560 i'm not joking they're funding it with bitcoin 00:05:40.560 --> 00:05:43.259 payments via the lightning network they're reporting 00:05:43.259 --> 00:05:46.100 lower fees increased customer engagement and 00:05:46.100 --> 00:05:48.579 they're stacking sats from every bitcoin payment 00:05:48.579 --> 00:05:51.540 they receive this is exactly how bitcoin adoption 00:05:51.540 --> 00:05:54.819 happens it's not through some complicated blockchain 00:05:54.819 --> 00:05:57.959 solution or some enterprise consortium nonsense 00:05:57.959 --> 00:06:01.519 it's through real businesses accepting real bitcoin 00:06:01.519 --> 00:06:04.480 for real products you want a burger and fries 00:06:04.480 --> 00:06:07.800 pay with bitcoin and now steak and shake is holding 00:06:07.800 --> 00:06:10.420 that bitcoin they're not immediately converting 00:06:10.420 --> 00:06:12.819 it to dollars like the cowards they're hodling 00:06:12.819 --> 00:06:16.779 it this is sound money principles in action this 00:06:16.779 --> 00:06:19.720 is austrian economics in the real world this 00:06:19.720 --> 00:06:23.319 is beautiful and speaking of giants blackrock 00:06:23.319 --> 00:06:28.139 just deposited 1198 bitcoin worth 129 million 00:06:28.139 --> 00:06:31.620 dollars to coinbase prime in the past hour Let 00:06:31.620 --> 00:06:34.480 that sink in for a second. The world's largest 00:06:34.480 --> 00:06:38.180 asset manager with $10 trillion in assets under 00:06:38.180 --> 00:06:40.699 management is moving massive amounts of Bitcoin 00:06:40.699 --> 00:06:43.680 around. And guess what else? They just announced 00:06:43.680 --> 00:06:47.339 plans to launch a Bitcoin ETF in Australia. The 00:06:47.339 --> 00:06:49.939 BlackRock Bitcoin ETF has been one of the most 00:06:49.939 --> 00:06:53.500 successful ETF launches in history. And now they're 00:06:53.500 --> 00:06:56.660 taking it global. Australia is just the beginning. 00:06:56.860 --> 00:06:59.540 You know what this means? It means that every 00:06:59.540 --> 00:07:02.600 Australian with a retirement account, every Australian 00:07:02.600 --> 00:07:05.399 financial advisor, every Australian institution, 00:07:05.620 --> 00:07:07.939 they're about to get orange -pilled whether they 00:07:07.939 --> 00:07:10.500 like it or not. Here's another institutional 00:07:10.500 --> 00:07:13.639 move that's brilliant. Vivek Ramaswamy's company, 00:07:13.819 --> 00:07:16.660 Strive, is offering its first perpetual preferred 00:07:16.660 --> 00:07:19.779 stock via IPO. And guess what they're doing with 00:07:19.779 --> 00:07:23.259 the proceeds? Buying more Bitcoin. They're modeling 00:07:23.259 --> 00:07:26.060 this after strategies approach, creating a credit 00:07:26.060 --> 00:07:29.470 market Bitcoin pipeline. This is financial engineering 00:07:29.470 --> 00:07:32.129 that makes sense. Instead of some complicated 00:07:32.129 --> 00:07:35.009 derivatives nonsense, they're using traditional 00:07:35.009 --> 00:07:37.490 financial instruments to acquire the hardest 00:07:37.490 --> 00:07:40.529 money that's ever existed. This is how Bitcoin 00:07:40.529 --> 00:07:43.589 becomes the global reserve asset, not through 00:07:43.589 --> 00:07:46.009 government mandates, but through market forces, 00:07:46.230 --> 00:07:49.069 through people and companies realizing that holding 00:07:49.069 --> 00:07:51.670 dollars is a losing game and holding Bitcoin 00:07:51.670 --> 00:07:55.449 is winning. Now, let's talk about the macro picture. 00:07:55.959 --> 00:07:58.339 because this is where things get really interesting 00:07:58.339 --> 00:08:02.220 the federal reserve just injected 29 .4 billion 00:08:02.220 --> 00:08:05.220 dollars into the u .s banking system via overnight 00:08:05.220 --> 00:08:09.639 repos let me repeat that 29 .4 billion dollars 00:08:09.639 --> 00:08:12.720 and according to the data that's more than what 00:08:12.720 --> 00:08:15.500 we saw at the height of the dot -com bubble but 00:08:15.500 --> 00:08:18.300 don't worry everyone the fed says it's totally 00:08:18.300 --> 00:08:21.920 normal nothing to see here just casually injecting 00:08:21.920 --> 00:08:24.620 tens of billions of dollars to keep the banking 00:08:24.620 --> 00:08:27.540 system from imploding. And they wonder why people 00:08:27.540 --> 00:08:30.560 are buying Bitcoin. This is exactly why Bitcoin 00:08:30.560 --> 00:08:34.259 exists. This is exactly why Satoshi Nakamoto 00:08:34.259 --> 00:08:37.580 created a monetary system with a fixed supply. 00:08:37.899 --> 00:08:40.440 Because when central banks can just print money 00:08:40.440 --> 00:08:42.940 whenever they want, when they can bail out their 00:08:42.940 --> 00:08:45.179 banker friends whenever they want, when they 00:08:45.179 --> 00:08:47.580 can devalue your savings whenever they want, 00:08:47.659 --> 00:08:50.919 that's not a monetary system. That's a scam. 00:08:51.139 --> 00:08:54.360 Bitcoin is the exit from this madness. Now, let's 00:08:54.360 --> 00:08:56.980 talk predictions. Fundstrat's Tom Lee just came 00:08:56.980 --> 00:09:00.779 out and said Bitcoin can still reach $150 ,000 00:09:00.779 --> 00:09:04.720 to $200 ,000 by the end of the year. That's right. 00:09:04.799 --> 00:09:07.759 End of year. We're in November, and he's saying 00:09:07.759 --> 00:09:10.120 we could see Bitcoin double from here in the 00:09:10.120 --> 00:09:13.620 next two months. Is that crazy? Maybe. Is it 00:09:13.620 --> 00:09:16.820 possible? Absolutely. And you know who else is 00:09:16.820 --> 00:09:20.320 talking big numbers? Samson Mao. He says Bitcoin 00:09:20.320 --> 00:09:24.019 is still far from real price discovery. He thinks 00:09:24.019 --> 00:09:26.679 the fair market value could already be around 00:09:26.679 --> 00:09:31.320 $200 ,000 given demand and inflation. He says 00:09:31.320 --> 00:09:33.360 we're just keeping up with inflation right now, 00:09:33.460 --> 00:09:36.779 tracking M2 and gold, but we're nowhere near 00:09:36.779 --> 00:09:39.600 where we should be. Think about that. We're at 00:09:39.600 --> 00:09:42.960 $104 ,000 and people are saying the fair value 00:09:42.960 --> 00:09:47.559 is $200 ,000. That means Bitcoin is still undervalued, 00:09:47.559 --> 00:09:50.360 even at six figures. And here's something that's 00:09:50.360 --> 00:09:52.019 going to make you chuckle. There's currently 00:09:52.019 --> 00:09:55.700 $8 billion in Bitcoin shorts that would be liquidated 00:09:55.700 --> 00:10:01.720 if Bitcoin rallies just 5 % to 117 ,000. $8 billion 00:10:01.720 --> 00:10:06.120 worth of traders betting against Bitcoin. You 00:10:06.120 --> 00:10:08.100 know what happens when those shorts get liquidated? 00:10:08.220 --> 00:10:11.200 They have to buy Bitcoin to close their positions. 00:10:11.519 --> 00:10:14.580 That creates a cascade effect, a short squeeze 00:10:14.580 --> 00:10:17.850 that could propel Bitcoin to new heights. These 00:10:17.850 --> 00:10:20.169 gamblers are betting against the hardest money 00:10:20.169 --> 00:10:23.149 in human history. They're betting against math. 00:10:23.470 --> 00:10:25.629 They're betting against the most secure network 00:10:25.629 --> 00:10:28.649 ever created. And they're about to learn a very 00:10:28.649 --> 00:10:32.210 expensive lesson. In the last 24 hours, we saw 00:10:32.210 --> 00:10:36.309 $1 .32 billion worth of contracts liquidated. 00:10:36.389 --> 00:10:40.889 Of that, longs liquidated $1 .17 billion and 00:10:40.889 --> 00:10:44.830 shorts liquidated $142 million. Now the bears 00:10:44.830 --> 00:10:47.659 are going to say, see? The longs got wrecked. 00:10:47.659 --> 00:10:50.399 But here's what they're missing. Those weak longs 00:10:50.399 --> 00:10:53.259 got flushed out. The leverage got cleared. And 00:10:53.259 --> 00:10:55.740 now we have a cleaner market structure. And you 00:10:55.740 --> 00:10:58.120 know what else happened yesterday? Spot Bitcoin 00:10:58.120 --> 00:11:03.059 ETFs had net outflows of 186 .5 million. You 00:11:03.059 --> 00:11:05.799 know what that means? That means Bitcoin is going 00:11:05.799 --> 00:11:08.419 on sale. That means there are sellers at these 00:11:08.419 --> 00:11:10.740 prices. And you know who's buying from those 00:11:10.740 --> 00:11:14.120 sellers? Michael Saylor. BlackRock. The smart 00:11:14.120 --> 00:11:17.389 money. Anna. Now let's talk about something that 00:11:17.389 --> 00:11:20.169 should make every Bitcoin maximalist smile from 00:11:20.169 --> 00:11:23.129 ear to ear. Bitcoin's hash rate just hit new 00:11:23.129 --> 00:11:26.009 all time highs, while the price is still down 00:11:26.009 --> 00:11:29.649 15 % from its all time high. Let me explain why 00:11:29.649 --> 00:11:32.649 this is absolutely massive. The hash rate is 00:11:32.649 --> 00:11:35.289 the total computing power securing the Bitcoin 00:11:35.289 --> 00:11:38.169 network. When the hash rate goes up, it means 00:11:38.169 --> 00:11:40.909 miners are investing more money into mining equipment. 00:11:41.070 --> 00:11:43.990 It means they're more confident about Bitcoin's 00:11:43.990 --> 00:11:46.850 future. It means the network is more secure than 00:11:46.850 --> 00:11:48.870 it's ever been. And they're doing this while 00:11:48.870 --> 00:11:51.629 the price is down. That means miners see something 00:11:51.629 --> 00:11:54.509 that the paper hands don't. They see the long 00:11:54.509 --> 00:11:56.929 -term value. They're not scared of short -term 00:11:56.929 --> 00:11:59.710 volatility. You know what the saying is? Follow 00:11:59.710 --> 00:12:03.149 the miners. And the miners are saying, buy. This 00:12:03.149 --> 00:12:05.169 is like having the world's most sophisticated 00:12:05.169 --> 00:12:08.049 security system protecting your money. And that 00:12:08.049 --> 00:12:12.070 security system just got even stronger. No altcoin 00:12:12.070 --> 00:12:14.909 can compete with this. No Ethereum killer has 00:12:14.909 --> 00:12:18.110 anywhere close to this level of security. Bitcoin's 00:12:18.110 --> 00:12:21.090 network is a fortress, and every day it gets 00:12:21.090 --> 00:12:23.529 stronger. And while we're talking about technical 00:12:23.529 --> 00:12:25.769 developments, the Lightning Network continues 00:12:25.769 --> 00:12:28.889 to grow. We're seeing more adoption, more integration, 00:12:29.190 --> 00:12:32.289 more real -world use cases. Stake and Shake accepting 00:12:32.289 --> 00:12:35.210 Lightning payments is just one example, but all 00:12:35.210 --> 00:12:37.710 over the world. Merchants are realizing that 00:12:37.710 --> 00:12:40.220 Lightning offers instant settlement. practically 00:12:40.220 --> 00:12:43.600 zero fees and the ability to accept bitcoin payments 00:12:43.600 --> 00:12:46.779 at scale this is bitcoin scaling solution working 00:12:46.779 --> 00:12:49.820 in real time not some theoretical white paper 00:12:49.820 --> 00:12:53.100 actual adoption happening right now here's a 00:12:53.100 --> 00:12:55.740 story that'll warm your heart someone who dig 00:12:55.740 --> 00:13:00.120 50 weekly dollar cost averaging since 2022 that's 00:13:00.120 --> 00:13:03.779 200 weeks just posted their results cash invested 00:13:03.779 --> 00:13:07.259 ten thousand dollars if they bought gold four 00:13:07.950 --> 00:13:13.909 Buy 56 ounces worth $18 ,383. If they bought 00:13:13.909 --> 00:13:20.690 Bitcoin, 0 .2614 BTC worth $28 ,643. Bitcoin 00:13:20.690 --> 00:13:24.009 crushed gold and both crushed just holding cash. 00:13:24.309 --> 00:13:26.889 This is the power of consistent accumulation. 00:13:27.750 --> 00:13:30.870 This is the power of not trying to time the market. 00:13:31.210 --> 00:13:34.070 This is the power of having a low time preference. 00:13:34.350 --> 00:13:37.090 You don't need to be Michael Saylor buying millions 00:13:37.090 --> 00:13:41.070 of dollars worth. You can buy $50 a week. You 00:13:41.070 --> 00:13:45.269 can buy $10 a week. Just start. Just begin your 00:13:45.269 --> 00:13:48.429 journey to financial sovereignty. Anna, all right, 00:13:48.490 --> 00:13:50.929 it's time for everyone's favorite segment where 00:13:50.929 --> 00:13:53.190 we talk about all those Bitcoin alternatives 00:13:53.190 --> 00:13:56.769 that are totally going to flip Bitcoin this time. 00:13:57.159 --> 00:14:00.720 I saw a chart today showing the top 15 Layer 00:14:00.720 --> 00:14:04.340 1 blockchains by fully diluted valuation launched 00:14:04.340 --> 00:14:07.620 in 2025. You know what's hilarious about this? 00:14:07.820 --> 00:14:11.639 15 new Layer 1 blockchains launched this year 00:14:11.639 --> 00:14:15.100 alone. 15 different teams all claiming they've 00:14:15.100 --> 00:14:18.220 solved what Bitcoin couldn't solve. We have faster 00:14:18.220 --> 00:14:22.039 transactions. Who cares when you sacrifice decentralization? 00:14:22.360 --> 00:14:26.289 We have smart contracts. cool story how centralized 00:14:26.289 --> 00:14:29.289 is your validator set we're more eco -friendly 00:14:29.289 --> 00:14:32.529 because you have 12 no's run by the founders 00:14:32.529 --> 00:14:35.750 every single one of these chains has the same 00:14:35.750 --> 00:14:40.129 playbook one create lots of hype two launch with 00:14:40.129 --> 00:14:44.389 insane valuation three slowly unlock tokens and 00:14:44.389 --> 00:14:48.460 dump on retail four team gets rich five chain 00:14:48.460 --> 00:14:51.980 becomes a ghost town six announce a 2 .0 version 00:14:51.980 --> 00:14:55.759 rinse and repeat speaking of altcoin nonsense 00:14:55.759 --> 00:15:00.120 stream finance just lost 93 million dollars and 00:15:00.120 --> 00:15:02.539 according to analysts hundreds of millions of 00:15:02.539 --> 00:15:05.320 dollars in loan and collateral positions could 00:15:05.320 --> 00:15:08.299 be indirectly affected across multiple networks 00:15:08.299 --> 00:15:12.700 the contagion risk is everywhere in d5 You know 00:15:12.700 --> 00:15:15.379 why? Because these systems are built on top of 00:15:15.379 --> 00:15:18.240 each other like a house of cards. One protocol 00:15:18.240 --> 00:15:21.460 fails and it cascades through the entire ecosystem. 00:15:21.879 --> 00:15:24.220 But you know what doesn't have this problem? 00:15:24.500 --> 00:15:27.679 Bitcoin. Because Bitcoin doesn't pretend to be 00:15:27.679 --> 00:15:30.759 something it's not. Bitcoin is sound money. It's 00:15:30.759 --> 00:15:33.559 not trying to be a casino. It's not trying to 00:15:33.559 --> 00:15:36.840 offer you 20 % APY on your stablecoin deposits. 00:15:37.559 --> 00:15:40.950 Bitcoin ended October slightly down. And all 00:15:40.950 --> 00:15:43.629 the Ethereum holders were celebrating, finally. 00:15:43.750 --> 00:15:46.389 Maybe Ethereum can catch up. Good luck with that. 00:15:46.529 --> 00:15:49.149 While Bitcoin miners are accumulating, while 00:15:49.149 --> 00:15:52.409 institutions are stacking Bitcoin, Ethereum holders 00:15:52.409 --> 00:15:55.169 are desperately hoping for the flippening. That's 00:15:55.169 --> 00:15:57.929 never going to happen. Ethereum had its chance. 00:15:58.210 --> 00:16:01.110 It had the first mover advantage in smart contracts. 00:16:01.350 --> 00:16:03.970 And what did it do? It abandoned proof of work. 00:16:04.129 --> 00:16:07.490 It became more centralized. It created a monetary 00:16:07.490 --> 00:16:10.429 policy that changes with the wind. Bitcoin's 00:16:10.429 --> 00:16:14.789 monetary policy? Fixed. 21 million. No inflation. 00:16:15.129 --> 00:16:18.570 No surprises. No emergency hard fork that changes 00:16:18.570 --> 00:16:21.590 the rules. And here's something rich. Tether 00:16:21.590 --> 00:16:24.870 just released their Q3 attestation showing they 00:16:24.870 --> 00:16:29.289 hold $135 billion in U .S. treasuries. Think 00:16:29.289 --> 00:16:31.850 about that. The biggest stablecoin in crypto 00:16:31.850 --> 00:16:35.090 is literally backed by government debt. They're 00:16:35.090 --> 00:16:37.350 holding the very thing that Bitcoin was created 00:16:37.350 --> 00:16:41.139 to replace. This is why Bitcoin is the only true 00:16:41.139 --> 00:16:43.980 cryptocurrency. Everything else is just dollars 00:16:43.980 --> 00:16:46.879 with extra steps. Anna, let me take a moment 00:16:46.879 --> 00:16:49.360 here to educate our newer listeners about something 00:16:49.360 --> 00:16:52.779 important. Why Bitcoin is different. Bitcoin 00:16:52.779 --> 00:16:56.100 has three core features that no altcoin can replicate. 00:16:56.399 --> 00:17:00.039 Number one, true decentralization. Bitcoin has 00:17:00.039 --> 00:17:03.639 no CEO, no company, no foundation that can change 00:17:03.639 --> 00:17:06.920 the rules. Satoshi disappeared. That was by design. 00:17:07.400 --> 00:17:10.059 Because for money to be truly neutral, it can't 00:17:10.059 --> 00:17:13.220 be controlled by anyone. Number two. Thick supply. 00:17:13.660 --> 00:17:16.940 21 million Bitcoin. That's it. That's all there 00:17:16.940 --> 00:17:19.660 will ever be. No governance proposals can change 00:17:19.660 --> 00:17:22.339 this. No community vote can inflate the supply. 00:17:22.619 --> 00:17:26.059 It's mathematics. Number three. Proof of work. 00:17:26.259 --> 00:17:29.740 Bitcoin is secured by energy. Real world physics. 00:17:29.960 --> 00:17:32.279 You can't fake it. You can't social engineer 00:17:32.279 --> 00:17:35.279 it. You either did the work or you didn't. This 00:17:35.279 --> 00:17:38.220 is why Bitcoin is inevitable. This is why all 00:17:38.220 --> 00:17:41.240 roads lead to Bitcoin. This is why every cycle 00:17:41.240 --> 00:17:44.200 more people realize that everything else is just 00:17:44.200 --> 00:17:47.500 noise. And here's your regular reminder. If your 00:17:47.500 --> 00:17:50.759 Bitcoin is on an exchange, it's not your Bitcoin. 00:17:51.079 --> 00:17:54.859 It's an IOU. Get a hardware wallet. Learn how 00:17:54.859 --> 00:17:58.160 to self -custody. Take responsibility for your 00:17:58.160 --> 00:18:01.440 own financial sovereignty. The whole point of 00:18:01.440 --> 00:18:03.599 Bitcoin is that you don't need to trust anyone. 00:18:04.250 --> 00:18:06.910 So don't blow it by leaving your Bitcoin in someone 00:18:06.910 --> 00:18:10.349 else's hands. All right, Bitcoin maximalists, 00:18:10.470 --> 00:18:13.089 let's bring this home. Today we covered Michael 00:18:13.089 --> 00:18:16.549 Saylor and Strategy buying another 397 Bitcoin, 00:18:16.849 --> 00:18:20.410 bringing their total to over 641 ,000 Bitcoin. 00:18:21.009 --> 00:18:23.630 Steak and Shake becoming the first major restaurant 00:18:23.630 --> 00:18:26.910 chain with a strategic Bitcoin reserve. BlackRock 00:18:26.910 --> 00:18:29.509 moving massive amounts of Bitcoin and launching 00:18:29.509 --> 00:18:33.750 an ETF in Australia. The Fed injecting $29 .4 00:18:33.750 --> 00:18:36.750 billion into the banking system, proving once 00:18:36.750 --> 00:18:39.890 again why we need Bitcoin. Bitcoin's hash rate 00:18:39.890 --> 00:18:42.009 hitting all -time highs while weak hands are 00:18:42.009 --> 00:18:46.529 selling. And predictions of $150K to $200K before 00:18:46.529 --> 00:18:49.309 the end of the year. Bitcoin is currently trading 00:18:49.309 --> 00:18:53.569 at $100 ,974. Remember, this is not financial 00:18:53.569 --> 00:18:55.710 advice, but if you're paying attention to what 00:18:55.710 --> 00:18:58.329 the smart money is doing, you'll notice they're 00:18:58.329 --> 00:19:01.089 buying while everyone else is panicking. The 00:19:01.089 --> 00:19:04.950 fear and greed index is at 21 extreme fear. You 00:19:04.950 --> 00:19:07.710 know what we say? Be greedy when others are fearful. 00:19:07.950 --> 00:19:11.930 Before I let you go, number one, go to the bitcoinstreetjournal 00:19:11.930 --> 00:19:15.309 .com and set up your free Nostra profile. Join 00:19:15.309 --> 00:19:18.049 us on the only truly decentralized social network. 00:19:18.329 --> 00:19:20.970 Number two, if you got value from this episode, 00:19:21.150 --> 00:19:24.349 zap us some sats. Support real Bitcoin content 00:19:24.349 --> 00:19:27.609 creators. Number three, share this podcast with 00:19:27.609 --> 00:19:29.650 someone who needs to hear the truth about Bitcoin. 00:19:30.299 --> 00:19:33.039 orange pill your friends and family number four 00:19:33.039 --> 00:19:36.319 not your keys not your bitcoin get your bitcoin 00:19:36.319 --> 00:19:39.039 off exchanges and into cold storage remember 00:19:39.039 --> 00:19:41.940 bitcoin is not just an investment it's a movement 00:19:41.940 --> 00:19:45.160 it's a revolution against central banking it's 00:19:45.160 --> 00:19:48.420 a return to sound money it's your path to financial 00:19:48.420 --> 00:19:51.480 sovereignty the price will go up the price will 00:19:51.480 --> 00:19:55.039 go down michael saylor will keep buying Institutions 00:19:55.039 --> 00:19:57.579 will keep accumulating and we'll keep huddling 00:19:57.579 --> 00:20:00.299 because we understand that Bitcoin is inevitable. 00:20:00.759 --> 00:20:03.539 Don't let the volatility shake you out. Don't 00:20:03.539 --> 00:20:06.299 let the FUD get to you. Stay focused on the long 00:20:06.299 --> 00:20:09.759 -term vision. 21 million Bitcoin. Fixed supply. 00:20:10.579 --> 00:20:13.279 Decentralized network. The hardest money that's 00:20:13.279 --> 00:20:16.420 ever existed. This is Anna from the Bitcoin Street 00:20:16.420 --> 00:20:19.720 Journal podcast reminding you. Stack sats, stay 00:20:19.720 --> 00:20:21.619 humble, and we'll see you on the next block. 00:20:22.119 --> 00:20:24.900 Music Bitcoin themed outro with triumphant forward 00:20:24.900 --> 00:20:27.160 looking energy. 15 seconds fade out.