WEBVTT 00:00:05.959 --> 00:00:08.599 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:08.599 --> 00:00:10.720 Market Update, where we bring you daily live 00:00:10.720 --> 00:00:13.339 Bitcoin market updates, current Bitcoin technical 00:00:13.339 --> 00:00:17.559 analysis, BTC price, market capitalization, and 00:00:17.559 --> 00:00:20.899 market supply. In this breaking headline news 00:00:20.899 --> 00:00:24.359 edition of episode one week, 21, Tuesday, May 00:00:24.359 --> 00:00:27.399 30th, 2023, we've got all the latest news and 00:00:27.399 --> 00:00:29.500 insights into the Bitcoin world you need to stay 00:00:29.500 --> 00:00:32.460 ahead of the game. Don't fall victim to the government 00:00:32.460 --> 00:00:35.219 or central banks. Subscribe to our podcast and 00:00:35.219 --> 00:00:38.119 stay updated on all things Bitcoin. In today's 00:00:38.119 --> 00:00:40.179 episode, we'll cover the global financial instrument 00:00:40.179 --> 00:00:42.579 market and its potential for Bitcoin, the current 00:00:42.579 --> 00:00:45.240 parity of Bitcoin with USD, retail investors' 00:00:45.240 --> 00:00:47.740 preference for Bitcoin, the US government's printing 00:00:47.740 --> 00:00:50.420 of money out of thin air, and MicroStrategy's 00:00:50.420 --> 00:00:55.880 continuous increase in Bitcoin holdings. Have 00:00:55.880 --> 00:00:58.119 you heard about the total global amount of financial 00:00:58.119 --> 00:01:01.000 instruments on planet Earth? It's roughly $400 00:01:01.000 --> 00:01:04.310 trillion. Now, imagine if Bitcoin captured just 00:01:04.310 --> 00:01:06.569 a percentage of that global amount. We could 00:01:06.569 --> 00:01:10.450 be talking about $1M, $2M per Bitcoin. Can you 00:01:10.450 --> 00:01:13.150 imagine that? It's like Satoshi Nakamoto said, 00:01:13.450 --> 00:01:16.450 it's a magical property that has yet to be discovered. 00:01:17.090 --> 00:01:19.409 In this case, it's Bitcoin's ability to be transported 00:01:19.409 --> 00:01:22.290 over communication channels. It's truly a game 00:01:22.290 --> 00:01:25.209 changer. But not everyone is on board with Bitcoin. 00:01:25.829 --> 00:01:28.250 Some have even proposed a digital asset mining 00:01:28.250 --> 00:01:31.799 energy tax. However, It seems like that proposal 00:01:31.799 --> 00:01:34.579 has been taken off the table, according to US 00:01:34.579 --> 00:01:37.140 Congressman Warren Davidson. Did you know that 00:01:37.140 --> 00:01:39.799 on February 9th, 2011, Bitcoin reached parity 00:01:39.799 --> 00:01:42.340 with the US dollar for the first time? Since 00:01:42.340 --> 00:01:44.920 then, depending on how you look at it, either 00:01:44.920 --> 00:01:47.420 dollars got way cheaper to buy or Bitcoin got 00:01:47.420 --> 00:01:50.159 way more expensive to buy. It's all about perspective. 00:01:50.299 --> 00:01:52.599 It's interesting to see which CEOs own Bitcoin. 00:01:53.079 --> 00:01:55.760 From Tesla and Uber to PayPal and Reddit, it 00:01:55.760 --> 00:01:58.079 seems everyone is following the money and investing 00:01:58.079 --> 00:02:01.780 in Bitcoin. What about retail investors? Well, 00:02:01.799 --> 00:02:04.060 according to a recent report by Bloomberg, US 00:02:04.060 --> 00:02:06.280 retail investors prefer holding Bitcoin over 00:02:06.280 --> 00:02:09.139 USD, especially if the US hits the debt ceiling. 00:02:09.780 --> 00:02:11.900 It's not surprising considering how much Bitcoin 00:02:11.900 --> 00:02:14.800 has been growing in popularity. Speaking of growth, 00:02:15.039 --> 00:02:17.280 MicroStrategy's Bitcoin holding keeps going up. 00:02:17.740 --> 00:02:20.039 Since August 2020, their Bitcoin holding has 00:02:20.039 --> 00:02:22.360 increased every quarter. It's clear that they 00:02:22.360 --> 00:02:25.340 see the value in investing in Bitcoin. And finally, 00:02:25.550 --> 00:02:27.949 It's important to remember that the U .S. government 00:02:27.949 --> 00:02:31.110 prints money out of thin air. U .S. Congressman 00:02:31.110 --> 00:02:33.750 Brad Sherman even admitted it and said, maybe 00:02:33.750 --> 00:02:36.569 we do, but we're the U .S. government. It's no 00:02:36.569 --> 00:02:39.090 surprise that people are opting out of this madness 00:02:39.090 --> 00:02:41.930 and turning to Bitcoin instead. And speaking 00:02:41.930 --> 00:02:44.129 of Bitcoin, have you heard about the Lightning 00:02:44.129 --> 00:02:47.110 Network and Liquid Network? They complement each 00:02:47.110 --> 00:02:51.409 other well and make transactions easier and faster. 00:02:58.599 --> 00:03:01.539 In today's episode, we discuss the vast potential 00:03:01.539 --> 00:03:04.900 of Bitcoin as a financial instrument and its 00:03:04.900 --> 00:03:07.780 increasing value compared to the US dollar, as 00:03:07.780 --> 00:03:10.120 well as the growing interest of retail investors 00:03:10.120 --> 00:03:13.680 and companies like MicroStrategy in this cryptocurrency. 00:03:14.919 --> 00:03:16.979 Thanks for listening to today's episode. I'll 00:03:16.979 --> 00:03:18.639 see you guys at the next one. And don't forget 00:03:18.639 --> 00:03:19.340 to subscribe.