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Is Anyone Still Bullish on Bitcoin and MicroStrategy? | Beyond Bitcoin · Simply Bitcoin

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  Currently everything is getting wrecked including my bank
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  account. Crypto winner headlines are back
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  and everyone I know is asking the same thing.
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  With Bitcoin down nearly 50% from its all time high, who the
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  hell is still bullish on Bitcoin?
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  Well, I'm still kind of bullish on Bitcoin.
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  And with Bitcoin treasury companies like MicroStrategy or
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  Metaplanet being down nearly 60 to 70% of their all time highs,
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  why would anyone still be bullish on Bitcoin treasury
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  companies? Imotions.
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  This is beyond Bitcoin. Let's discuss.
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  Like I said in the intro, yeah, everything's getting wrecked
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  right now, including our bank accounts.
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  Bitcoin is down nearly 50% from its all time high.
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  And Bitcoin treasury plays like strategy and metaplanet are
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  crushed even harder, down 60 to 70% from their peaks.
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  So who the hell is still bullish are you?
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  Let me know in the comments below.
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  But me, I'm still bullish. And one of the biggest reasons
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  is Bitcoin isn't like any other asset we've ever seen.
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  Bitcoin has a hard cap of just 21 million coins.
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  No more of it can be printed. And if the buying pressure keeps
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  stacking from my $20 DCA buys all the way up to Wall Street
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  giants like Michael Saylor loading up big, then how long
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  can this dip that we're experiencing really last?
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  The math doesn't lie. The man keeps climbing while
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  supply literally is capped forever.
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  Listen to Sailor break it down himself how he sees Bitcoin
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  recovering from this dip, why allocation to Bitcoin is the
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  ultimate move in this environment, and why people
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  modeling this aren't guessing. Roll the clip.
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  I'm thinking that the next $50 billion won't get me 3.2, it'll
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  probably get me 1% or less. And I'm thinking if I come up
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  with a few 100 billion, I might, you know when what I've said is,
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  is if we get to 5% of the network, bitcoins going to be a
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  million a coin. If I get to 7 1/2% of the
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  network, it'll be 10 million a coin.
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  So think of it as I'm buying something getting exponentially
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  more expensive using exponentially more money and
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  where, where do we top out? You know, I I think we top out
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  between 5 and 7 1/2% and then we just exponentially slow.
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  Down. This isn't a price prediction.
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  This isn't supply saturation. Sailors not asking what's
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  Bitcoin going to be worth. He's asking how much of the
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  network can anyone realistically own before price stops
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  cooperating. That's an allocation problem,
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  not a trading one. And this isn't isolated to 1
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  balance sheet. The same kind of thinking is
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  showing up all over the Bitcoin ecosystem.
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  You know, what I'll tell listeners is use your
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  imagination, right? Like the business is founded by
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  myself in Tether. And you know, if we have 12345
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  percent of the Bitcoin network and you know, with the Tether
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  network and a lot of experience and lessons at Strike and my
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  life lived there, we think the combination of all, it's going
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  to be really interesting. There's a lot of good we can do
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  for the world. So.
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  Mallard's may sound a bit extreme here, but here's what
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  comes next. Even as price is slogging away
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  like it's crossing the Atlantic with a rowboat, allocation of
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  Bitcoin is an entirely different beast.
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  And as Sailor puts it, this isn't about one company.
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  There will be thousands and thousands of treasury companies,
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  just like there's thousands of insurance companies, thousands
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  of funds, thousands of banks. And why would they exist?
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  They will exist because the risk free Fiat credit rate is 50
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  basis points in Japan and -50 basis points in Switzerland and
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  200 basis points in Europe and 400 basis points in the US,
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  going to 300 basis points soon. And the world wants 10%.
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  Notice what's missing. No talk of charts.
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  No talk of tops, no talk of timing, just percentage
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  ownership of a finite system. Different companies, different
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  models, same constraint. 21 million coins.
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  Let's just see where things stand to start the year off.
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  Bitcoin having a rough start to the year, down close to 13% so
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  far this year. You actually look back to Sunday
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  right here, you can see that Bitcoin fell to its lowest going
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  back to November 7th of 2024. You know what, scratch that.
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  Now we're even further below than that at 76,382.
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  Back then, there was a lot of optimism in November of 2024.
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  President Trump had just won the election.
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  Hopes were high for what Bitcoin would do intimate, though right
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  now not improving because analysts are warning that
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  without a fresh catalyst or narrative to reignite interest
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  sentiment, Scarlet becomes self defeating.
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  All right, let's zoom out as well, because this negative
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  sentiment has really been the case.
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  Since the start of the fourth quarter, Bitcoin is down more
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  than 35%, almost 40% from its peak back in October.
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  Of course, drawdowns of this magnitude not exactly uncommon
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  for Bitcoin. Sentiment becomes self
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  defeating. That line matters more than
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  price. And yes I know these clips are a
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  bit outdated. I'm sure when if you watch this,
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  Bitcoin will be at a much lower price that way.
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  You can dunk on me in the comments.
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  I get it. But while sentiment collapses
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  from retail buyers, it just so happens to be the condition
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  institutions require for an entry point.
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  Here's the mistake that most people make.
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  They think price is the signal. It isn't.
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  They think a chart plans the course.
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  It doesn't. They think Jersey Mike's
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  sandwiches are voluminous. They're not.
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  Price is emotional, structure is intentional.
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  Jersey Mike sandwiches are soggy.
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  It's just the truth, guys. You know, I look at the chart,
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  70 to 100 is probably the new range and you know, we're at 76.
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  So I think we're towards the bottom end of of the range.
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  There's a lot of pessimism out there.
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  A lot, a lot of leverage has been taken out of the system.
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  Bitcoin was not supposed to act like this, right?
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  You had gold prices higher, the NASDAQ higher, rates going
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  lower. This was a yeah, the Trump
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  administration was very pro crypto.
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  And so, you know, something went wrong.
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  You know, the Bitcoin, the crypto market is still less than
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  20 years old, right, right. Think Bitcoin O 9.
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  So we're we're 16 years old and it's immature.
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  We had had a huge run up from, you know, where people bought at
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  at 50, a hundred, a thousand, 2010 thousand all the way to a
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  hundred 130,000. And I think what end up
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  happening was people finally started taking profits after we
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  crossed 100. It felt like the community had
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  won. And it was that sigh of relief,
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  like we did it. We created this amazing
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  ecosystem, this amazing asset, and there's been kind of like a
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  seller's virus that got into the market.
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  People blamed it on Quantum. I don't think Quantum in the
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  long run is really the reason. I think there was selling and
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  that selling is getting, you know, executed in the market.
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  There was buying. Sure.
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  Lots of new institutions are coming in.
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  A lot of leverage has been taken out.
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  When leverage exists in the system, price doesn't fall
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  because Bitcoin failed once again.
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  Price falls because weak positioning is being removed.
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  Weak hands, Salad fingers. This is how markets reset and it
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  sure is looking like Bitcoin is resetting at the moment, right
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  guys? Just a reset.
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  We we couldn't possibly go any lower than this.
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  Now let's talk about the most misunderstood part of this
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  cycle, Bitcoin treasury companies.
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  I mean, that's what's on your mind, right?
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  Because right now they all look like failures, much like I look
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  like to my family. And that's exactly why they
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  matter. But just look at these
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  headlines. Public companies now controlled
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  nearly 5% of Bitcoin supply. Over 3% of all Bitcoin is held
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  by treasury companies. AMDEX targeting 1% of total
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  Bitcoin supply. Solidian Technology, whoever
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  that is, allocating 60% of excess cash flow into Bitcoin.
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  Bitcoin strategic partnership with Metalfa.
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  Meta Alpha or Metalfa just announced allocating up to 20%
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  of annual net profit. These stories keep coming on X
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  anyway. Does the feed ever stop while
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  price bleeds? Supply is being removed quietly,
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  systematically, and with quiet systematics.
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  Oh yeah, quiet systematics. There are too many digital asset
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  treasury companies today with no differentiation.
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  Too many digital asset treasury companies today with no
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  differentiation trading below the value of the Bitcoin that
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  they hold. This reads more like natural
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  selection than a warning to retail.
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  Here's the truth. And it's going to be
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  uncomfortable because Chachi PT told me it is.
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  Public markets price cash flow today, Bitcoin strategies price
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  optionality tomorrow. Until Bitcoin reprices higher.
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  These companies look inefficient, they look reckless,
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  they look wrong, which is why only the strongest survive.
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  Given how much sentiment and momentum on crypto has really
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  shifted since last October. Well, I think over the last week
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  or two we've we've certainly seen deleveraging and probably a
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  little bit of a risk off trade. You know, I think it's one of
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  the reasons why we're so excited about Hyper Liquid, which I
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  always try and simplify things a little bit Scarlet.
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  But if you think about Bitcoin and the volatility of Bitcoin,
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  it's really a store. Of value volatility is not the
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  same as business value. This isn't failure, this is
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  consolidation, and consolidation always happens before repricing.
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  If you're beginning to understand why institutions are
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  buying up Bitcoin and banks are afraid of Bitcoin, then you'll
• 9:48
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  consultation and take control of your money the way Bitcoin was
• 10:45
  designed. Here's the real divide.
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  Main Street is price sensitive. Wall Street is structure
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  sensitive. Retail exits.
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  When price falls, opium disappears.
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  It'll never disappear here folks, and your wifes patience
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  runs out, but institutions enter when volatility discourages
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  participation, sellers are forced to sell, and accumulation
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  doesn't move price against them. All right, let's zoom out as
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  well because this negative sentiment has really been the
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  case. Since the start of the fourth
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  quarter, Bitcoin is down more than 35%, almost 40% from its
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  peak back in October. Of course, drawdowns of this
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  magnitude not exactly uncommon for Bitcoin, but this time
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  around it has failed to respond to typical drivers like U.S.
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  dollar weakness or political risk.
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  And on top of that, Bitcoin is decoupling from other assets,
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  leaving it increasingly directionless and almost just
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  kind of drifting. Tim.
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  So while price grabs attention, the magic happens in the
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  background like a card trick. Listen, there's a couple things
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  that could help, right? Market structure, Bill passing
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  would be a big deal. You know, people are really
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  pessimistic on it right now. I actually am a little more
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  optimistic that things get done because I think both sides want
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  it done, but we'll see. So what is the catalyst that
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  turns the tide right now? You mentioned a market
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  structure, Bill, maybe that will bring some optimism, but I don't
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  know. Is there anything else that
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  could turn around this trade? Yeah, Alyssa, part of this
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  acceleration recently downwards is the thought that that Kevin
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  Wash is going to be very hawkish.
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  Listen, what I think Kevin did is he took out the tail risks
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  for inflation. The Republican senators have put
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  a lot of time in this and have a lot at stake, right?
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  Trump is the, quote, crypto president.
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  You, you, you've got the House and the Senate.
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  You better be able to pass a crypto bill or you look pretty
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  weak. Give us your, well give us your,
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  your view on when you think that market structure bill will pass.
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  And the Democrats have the same, you know, the Democrats don't
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  want the the crypto pack, which just came out and said we've got
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  $190 million of a bazooka ready to ready to shoot at people that
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  stand in the way of crypto. And so the dam is just want to
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  pass this thing and have crypto off the table in politics.
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  And it never should have been political.
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  It always should have been a bipartisan issue.
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  Elizabeth Warren made it political, Gary Gensler made it
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  political. And so listen, I think this is,
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  you know, 2, two weeks, it's six weeks.
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  And I think, OK, my hope is we have something done.
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  Market structure bill passing would be a big deal, and I
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  wonder if it's passed already by the time you see this, but I
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  feel like it's been passing for like the last month already or
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  it's passed already. I don't know.
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  There's always a tweet about Trump signing something at 3:00
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  regarding the market structure bill.
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  I don't know, but I digress. Capital doesn't need excitement,
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  it needs permission. And it appears the market movers
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  aren't trying to reward you, they're trying to exhaust you.
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  They're exhausting people who need confirmation, momentum,
• 13:45
  applause, and they're rewarding people who don't need these
• 13:47
  things. This isn't a transfer from poor
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  to rich. It's a transfer from the
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  impatient to the indifferent. You like that one?
• 13:54
  Bitcoin isn't just money, it's also the people.
• 13:56
  Club Orange, formerly the Orange Pill app, is where Bitcoiners
• 14:00
  actually talk, learn, and share ideas without all the noise.
• 14:03
  Now Shadow bands just signal you can find meetups over there, any
• 14:07
  kind of Bitcoin events. Download the app or visit
• 14:10
  cluborange.org today and if you do, you've got to reach out to
• 14:14
  me directly. You can DM me I'm at oceans.
• 14:16
  I read all of my messages there shout out to all you guys that
• 14:18
  have been meeting up with recently.
• 14:20
  Thank you so much for watching these videos and reaching out to
• 14:22
  me on Club orange. This time in the market does not
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  feel good because losing economic energy purchasing power
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  never feels good unless you're buying then my friend, you're
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  probably feeling pretty sweet. But if you're one of the folks
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  out there where this does not feel good, keep in mind this is
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  what allocation looks like before repricing low sentiment
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  supply being removed while attention fades and then boom,
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  ripped to 1,000,000, right? Samson Mao I'm oceans.
• 14:46
  This is beyond Bitcoin. You can also reach out to me
• 14:48
  further at Rundance Bitcoin on X.
• 14:51
  Thank you so much for watching this video.
• 14:52
  And if you like what you see and you want to see more, make sure
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  you hit that like button below. Or you can subscribe to the
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