Latest / The Paul Barron Crypto Show / Saylor Selling $1.25 Billion $BTC!?🔥Bitcoin Civil War🚨
Transcript
- 0:00Speaker 1: Sailor is selling more bitcoin today. We'll break it down
- 0:03Speaker 1: for you because this is going to have huge implications
- 0:06Speaker 1: on things that are happening within the bitcoin network, and
- 0:08Speaker 1: I'll go right into it. Before we go there, I
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- 0:33Speaker 2: Golden, all right. So I want to start off with
- 0:35Speaker 2: this right here.
- 0:36Speaker 1: This, of course, is Michael Sailor going in on it
- 0:38Speaker 1: over the weekend. We're going to need more charts. Last
- 0:40Speaker 1: time he's been doing these actually frequently. What happens when
- 0:44Speaker 1: he pops these orange bubble charts up there is it
- 0:46Speaker 1: usually means I'm going to acquire more bitcoin. And of
- 0:49Speaker 1: course right after this we get an announcement coming in
- 0:53Speaker 1: from Strategy that is pretty amazing strategy is announcing a
- 0:57Speaker 1: digital credit and capital framework now basically monetize bitcoin. What
- 1:02Speaker 1: does that mean, Well, there's a few points that they
- 1:04Speaker 1: outlined within the article. They're going to be jacking the
- 1:07Speaker 1: dividends on Stretch up to twelve percents. This is such
- 1:09Speaker 1: adjustments will have no effect on previously declared but unpaid
- 1:12Speaker 1: dividends on Stretch, so if you're out there on it,
- 1:15Speaker 1: but going forward, you're going to see the twelve percent.
- 1:17Speaker 1: The other thing is this repurchase program one billion aggregate
- 1:21Speaker 1: purchase of its common stock. That is another area. And
- 1:24Speaker 1: then of course this right here which is the big news,
- 1:27Speaker 1: and that is generating one point twenty five billion to
- 1:31Speaker 1: fund the.
- 1:32Speaker 2: USD dollar Reserve.
- 1:34Speaker 1: That simply means, guys, what do you want to call
- 1:35Speaker 1: a bitcoin monetization program or what it means.
- 1:38Speaker 2: We're going to sell it.
- 1:39Speaker 1: The difference is is that the board has approved this,
- 1:43Speaker 1: but it hasn't been done just yet, so that's a
- 1:46Speaker 1: real question mark going into the market on a Monday.
- 1:49Speaker 1: I want to go to a clip because this is
- 1:51Speaker 1: where bitcoiners actually think raising the dividend might help stretch.
- 1:55Speaker 3: Take a look and this Monday, either marginally raise the
- 1:58Speaker 3: dividend or do nothing. Other reason I say marginally raised
- 2:01Speaker 3: end is because do you think that that sends STRC
- 2:04Speaker 3: up back towards one hundred or not? Yeah, I think so, Joe.
- 2:09Speaker 4: I'll bet you that that that STRC never gets to
- 2:11Speaker 4: one hundred again, I'll I'll give you ten thousand dollars
- 2:14Speaker 4: bit right now.
- 2:14Speaker 3: Well, I said, you know, even if it does, Vinnie,
- 2:16Speaker 3: I said, it sends it up towards one hundred, it
- 2:20Speaker 3: doesn't need to be to one hundred. But what I'll
- 2:21Speaker 3: say here is that just ninety nine doesn't need So.
- 2:25Speaker 1: One thing you have to question is do you think
- 2:27Speaker 1: it was a good idea? And of course to the
- 2:29Speaker 1: point of the chart, it would look as though it
- 2:31Speaker 1: was at least going to fend off the vultures. Right now,
- 2:34Speaker 1: remember stretch hit seventy one pin forty, and of course
- 2:38Speaker 1: over the day right now as we're trading, it has
- 2:41Speaker 1: spiked slightly up to eighty three, so that's a little bit.
- 2:44Speaker 2: Of a return.
- 2:45Speaker 1: But I think this is in much more deep trouble,
- 2:48Speaker 1: and there's many reasons why. We'll break it down for you.
- 2:51Speaker 1: The first thing I want to do is go through
- 2:54Speaker 1: and look at the concept of sentiment. Often what happens
- 2:57Speaker 1: in these markets, it's really not the market dynamic or
- 3:00Speaker 1: even the utility or the functional method that's happening around
- 3:05Speaker 1: crypto trading in general, it's sentiment. It boils down to
- 3:08Speaker 1: what you and I and the market thinks is happening.
- 3:11Speaker 2: Here's a clip to explain that.
- 3:13Speaker 5: Forensic means you listen to the price, not the press release,
- 3:18Speaker 5: and capital is voting. It's rotating out of STRC and
- 3:21Speaker 5: into rival bitcoin treasury prefers like strives SATA that pay
- 3:26Speaker 5: more and carry less structure. When one mere power instrument
- 3:30Speaker 5: holds one hundred and STRC sits eleven or fifteen percent
- 3:34Speaker 5: below that, that gap is the market pricing the difference.
- 3:38Speaker 5: So every price movement of STRC is a sentiment indicator,
- 3:42Speaker 5: and it leads because it's a yield bearing product that
- 3:46Speaker 5: makes it a forecast.
- 3:47Speaker 1: Then, of course you have the whole issue between what's
- 3:50Speaker 1: been going on with Peter Schiff and also Michael Sayler,
- 3:54Speaker 1: because there's been a very public battle on the value
- 3:57Speaker 1: of bitcoin, and Shift has a whole thesis of where
- 4:00Speaker 1: he thinks this has had it.
- 4:01Speaker 6: Take a look, he's three and a quarter billion worth
- 4:04Speaker 6: a bitcoin to sell right, which is and that's just
- 4:07Speaker 6: the beginning.
- 4:08Speaker 3: So the market lights it.
- 4:09Speaker 6: You're talking about a knee jerk reaction to shure up
- 4:12Speaker 6: the preferreds. You know, the dividend just got raised to
- 4:15Speaker 6: twelve percent. But the significance of this for bitcoin itself
- 4:20Speaker 6: is that Sailor basically just surrendered. Strategy has now gone
- 4:24Speaker 6: from the biggest bitcoin buyer having they're.
- 4:26Speaker 3: Now a seller.
- 4:27Speaker 6: They you know, he can hide and say we're still
- 4:30Speaker 6: a net buyer.
- 4:31Speaker 3: He's not.
- 4:31Speaker 6: He's going to be a net seller now and to
- 4:34Speaker 6: buy back stock. I don't see how the market is
- 4:37Speaker 6: going to absorb this shift. A lot of people bought
- 4:41Speaker 6: knowing that Strategy was going to buy. That was kind
- 4:44Speaker 6: of their comfort, their safety buyer. Now that the markets
- 4:47Speaker 6: are anticipating that strategy is a seller, it's going to
- 4:50Speaker 6: be the reverse.
- 4:51Speaker 2: Oh, strategy is going to sell.
- 4:52Speaker 6: Let me get out first. Go to Sailor's page on
- 4:56Speaker 6: X and read through the comments. Yeah, I mean he's
- 4:58Speaker 6: not the vitriol they are now that your Sailor. I've
- 5:03Speaker 6: never seen this before on his page. Sailor is a
- 5:06Speaker 6: much bigger villain now than me.
- 5:08Speaker 2: Technically, shift is correct.
- 5:10Speaker 1: This is the pressure that of course, is being put
- 5:12Speaker 1: onto the market mainly because everybody was looking at Sailor
- 5:16Speaker 1: as being a net buyer, and I think unfortunately Shiff
- 5:20Speaker 1: is right on this. He has become a net seller
- 5:22Speaker 1: first time. And remember he has said this openly and
- 5:25Speaker 1: publicly that they would never be in a net selling position.
- 5:29Speaker 1: That of course is not the case. The other concern
- 5:33Speaker 1: is how does the market start to address this, because
- 5:36Speaker 1: as we start to see this pressure, it usually means
- 5:39Speaker 1: that there's going to be a lot of pressure on
- 5:42Speaker 1: the capital structure itself.
- 5:43Speaker 2: Listen to what Tom Lee had to say.
- 5:45Speaker 7: So I think as long as bitcoins price recovers, strategy
- 5:50Speaker 7: is going to stage a big recovery. But as we know,
- 5:54Speaker 7: markets are like war. Imagine like a formation of B
- 5:59Speaker 7: seventeen bombers is flying over Germany and there's a plane
- 6:03Speaker 7: that's falling a little behind. That's who the fighters are
- 6:07Speaker 7: going to attack and try to take down. And so
- 6:10Speaker 7: I think investors are viewing strategies public capital structure, which
- 6:16Speaker 7: is available to public markets, right and they're going to
- 6:20Speaker 7: test his capital structure. So I think that's the test
- 6:23Speaker 7: he's facing right now. The best defense for him is
- 6:28Speaker 7: to re raising and increasing his cash balance provides a
- 6:33Speaker 7: cushion to the entire cap. Step now again, raising cash
- 6:36Speaker 7: without selling bitcoin, right, because I think that's poops mortgage.
- 6:39Speaker 7: When he sells bitcoin. He's sort of a central bank
- 6:41Speaker 7: of bitcoin. When he sells it creates a spooking, you know, correct.
- 6:46Speaker 7: So if I was Michael Sailor, I would probably think
- 6:49Speaker 7: that raising cash through selling the common might be the
- 6:53Speaker 7: best strategy. But I'm not Michael Sailor.
- 6:56Speaker 1: This didn't necessarily go that way. With the way strategies
- 6:59Speaker 1: approach it. They're actually raising cash through the sale of
- 7:02Speaker 1: bitcoins modestization, and then actually repurchasing the commons, So I
- 7:06Speaker 1: don't know there are This is going to get very,
- 7:09Speaker 1: very unusual, and I think this puts an immediate amount
- 7:13Speaker 1: of stress on bitcoin in general. And there's more reasons why,
- 7:16Speaker 1: because there's a lot happening behind the scenes that I'll
- 7:19Speaker 1: explain in a minute, but I want to go to
- 7:21Speaker 1: this right here, because this is one of the things
- 7:23Speaker 1: you can kind of count on Ethereum Treasury companies continue
- 7:25Speaker 1: to go down, yes, but bitmine is something to keep
- 7:28Speaker 1: an eye on. And I would agree with this statement
- 7:30Speaker 1: by Ted Pillows.
- 7:31Speaker 2: And the reason is is that.
- 7:33Speaker 1: Remember eth is pulling in, of course, revenue. Anytime that
- 7:38Speaker 1: you're holding Ethan, you've got its stake, you're getting revenue.
- 7:40Speaker 2: This is a flywheel that will.
- 7:42Speaker 1: Continue to play out, which is why Tom Lee's position
- 7:46Speaker 1: is completely different than Sailor's. Sailor, of course, is a
- 7:49Speaker 1: whole new scenario right now. Stretch in general is very complicated.
- 7:53Speaker 1: We've had them on the show. We're trying to figure out.
- 7:55Speaker 2: How do they do it?
- 7:57Speaker 1: You know, we get the explanation from their senior execus team.
- 8:00Speaker 1: I still don't get it. I kind of thought maybe
- 8:02Speaker 1: I just understand. But guess what, here's another one.
- 8:05Speaker 2: Take a look.
- 8:07Speaker 3: Are you concerned.
- 8:08Speaker 8: I'll be very honest. I took multiple attempts trying to
- 8:11Speaker 8: understand Stretch. I just I don't. I don't think I
- 8:13Speaker 8: understand it. Fully, when this type of products become to
- 8:17Speaker 8: come to complex, it's very hard. It becomes very hard
- 8:19Speaker 8: to understand. Yeah, part of it becomes black boxes, et cetera,
- 8:22Speaker 8: to the point where if I can't understand it, I'm
- 8:25Speaker 8: not very smart guy, but I'm not super dumb.
- 8:27Speaker 3: So it does worry me that if you're sitting here
- 8:28Speaker 3: saying that this is over complicated.
- 8:31Speaker 8: There may be a few other guys who don't understand
- 8:33Speaker 8: that either. Right So, but there's also the market perception
- 8:36Speaker 8: where the uh uh, the market either makes makes him
- 8:40Speaker 8: a hero or makes them a villain. The guy so
- 8:41Speaker 8: like the guy who's like, what close to a million
- 8:43Speaker 8: big poins, now he's a thirty two uh and the
- 8:46Speaker 8: market reacts and people people, people, people, people blame him.
- 8:50Speaker 8: It might be like a coinstance, It might be like
- 8:52Speaker 8: a trigger.
- 8:53Speaker 1: That was cz and it kind of it kens me
- 8:57Speaker 1: back to the last time he didn't really understand something
- 8:59Speaker 1: spec and that was the ftx books in general. So
- 9:03Speaker 1: it is something that you have to kind of take
- 9:05Speaker 1: into considerationcies he's been in the market for a very
- 9:07Speaker 1: long time and not being able to get there is
- 9:10Speaker 1: I think reasonable. Kevin over Virtual Bank and said something
- 9:14Speaker 1: that I thought was interesting here, Sailor, the man who's
- 9:16Speaker 1: the brand will be never sell bitcoin, just gave himself
- 9:20Speaker 1: board approval to sell bitcoin.
- 9:22Speaker 2: We've just been talking about that.
- 9:23Speaker 1: But what I want you to focus in on is
- 9:25Speaker 1: this right here, an authorization is not a sale. When
- 9:30Speaker 1: they actually sell a meaningful amount of bitcoin, that's when
- 9:33Speaker 1: I think you'll see short term and I agree with
- 9:36Speaker 1: Kevin in general, this will be the case where bitcoin
- 9:39Speaker 1: starts to get very, very volatile because.
- 9:43Speaker 2: Of the activity that's going to take.
- 9:44Speaker 1: We're talking about one point two billion potentially in here
- 9:47Speaker 1: that is going to be selling at some and there's
- 9:50Speaker 1: no guarantee that it's going to stop there. This is
- 9:52Speaker 1: simply a model that they may use going forward. So
- 9:57Speaker 1: a lot of situations that are right in the middle
- 10:00Speaker 1: of the market right now. Oodie came in and said
- 10:03Speaker 1: this right here once again, Saylor needs to do the
- 10:05Speaker 1: absolutely just.
- 10:06Speaker 2: You know, screw the bitcoin chart.
- 10:09Speaker 1: Sell five billion on the market NonStop for a week
- 10:12Speaker 1: until it's done at any price. And that means even
- 10:16Speaker 1: if it goes down to forty k So stop announcing
- 10:18Speaker 1: and telegraphing. Just get it over with because right now
- 10:20Speaker 1: I think there's a lot of orders that are probably
- 10:22Speaker 1: going to be shorting this for some time. And to
- 10:24Speaker 1: Tom Lee's point, this only isolates Sailor into a position
- 10:29Speaker 1: where he could be attacked in a lot of different areas,
- 10:32Speaker 1: basically challenging the capital structure in general. So the other
- 10:36Speaker 1: consideration right now is there is a bit of a
- 10:39Speaker 1: civil war that is brewing behind the scenes. And it's
- 10:42Speaker 1: built around a particular a particular vote that's going to
- 10:46Speaker 1: be coming up in the bitcoin community, and it's called
- 10:48Speaker 1: BIP one ten.
- 10:49Speaker 2: This is how nodes are run.
- 10:51Speaker 1: And essentially you've got one side of the community, the
- 10:54Speaker 1: Bitcoin faithful, who says we don't want any of the spams,
- 10:56Speaker 1: so none of the other non serious projects that are
- 11:00Speaker 1: available on bitcoin are out. And then of course you
- 11:04Speaker 1: have the alternate side of that who says, you know,
- 11:06Speaker 1: we want you know, other things that can run within
- 11:09Speaker 1: the Bitcoin network. And this is essentially getting down to
- 11:12Speaker 1: a vote, which means we're going to see volatility dramatically,
- 11:16Speaker 1: we get end up with two bitcoins. That's what it
- 11:18Speaker 1: really boils down to. So that alone, and this is
- 11:21Speaker 1: coming in August just down the road, so be on
- 11:24Speaker 1: the lookout guys.
- 11:25Speaker 2: Right there it is Eta.
- 11:27Speaker 1: Fok setting in at eight seven August seventh, at eleven
- 11:31Speaker 1: oh seven pm. This is something that I think we
- 11:33Speaker 1: will see a lot of talk about. But more importantly,
- 11:38Speaker 1: it is very important to watch what people do and
- 11:42Speaker 1: how they are looking at BIP one ten.
- 11:44Speaker 2: This could be a huge issue going forward. Here's Paul Stork.
- 11:48Speaker 1: We've had him on the show before, talking about this,
- 11:51Speaker 1: and he says, listen, but instead we got the worst
- 11:54Speaker 1: of worst virtue signaling class, which includes BIP one ten.
- 11:58Speaker 1: And then he's also talking about SWA and this is
- 12:02Speaker 1: essentially causing a potential civil war that could put bitcoin
- 12:07Speaker 1: on an absolute destruction destination. So those kind of issues
- 12:12Speaker 1: are facing and happening all the same time. Guys of
- 12:16Speaker 1: where this is happening with stretch and micro strategy in general.
- 12:19Speaker 1: I want to go to a clip here because now
- 12:21Speaker 1: there are certain bitcoin community members that are now thinking, hm,
- 12:26Speaker 1: maybe we do go the VIP one ten route.
- 12:28Speaker 2: Take a look.
- 12:29Speaker 9: This war, the civil war if you every want to describe, it,
- 12:33Speaker 9: will come to its conclusion in August. There could be
- 12:38Speaker 9: some market uncertainties reverberating into strategy and to strive and
- 12:43Speaker 9: then maybe even into the prefs. For me personally, I
- 12:47Speaker 9: am running knots with bit one ten.
- 12:49Speaker 10: The chaos that is going to ensue when bitcoe ten
- 12:53Speaker 10: goes in. We have no idea what's going to happen.
- 12:56Speaker 10: What are the bad guys win? The next change split
- 13:00Speaker 10: the side that the market picks to be more valuable.
- 13:03Speaker 10: That's the one that all the institutions are going to
- 13:05Speaker 10: go with the mining hash power is going to migrate
- 13:09Speaker 10: to right because that's worth more for their hash power.
- 13:12Speaker 7: It literally takes the monetary maximalist out of the network.
- 13:15Speaker 9: Yeah, and I think bitcoin itself will be the worse
- 13:19Speaker 9: off because of it.
- 13:20Speaker 10: That is my position in a nutshell.
- 13:22Speaker 1: So as you can see, this is set on a
- 13:25Speaker 1: destination course that could really harm bitcoin in general. Here
- 13:29Speaker 1: is Fred Krueger talking about this right here in terms
- 13:31Speaker 1: of who would actually stand on the side of BPP
- 13:35Speaker 1: one ten. Now branted, this is a group that is
- 13:38Speaker 1: very narrow that I think fall more in the boot
- 13:42Speaker 1: on the true bitcoiner support.
- 13:44Speaker 2: Side of things.
- 13:45Speaker 1: But the fact that they're still getting forty five percent
- 13:48Speaker 1: on the other side is interesting. And remember this is
- 13:51Speaker 1: all boiling down to being able to use the network
- 13:53Speaker 1: for something else. So I don't think that institutions would
- 13:56Speaker 1: follow into the BP one ten market. If you don't
- 13:59Speaker 1: have itstions doing that, then essentially you don't have a chain.
- 14:05Speaker 1: And I think that is the concern that is going
- 14:07Speaker 1: to be facing a lot of this coming down the pipe,
- 14:10Speaker 1: and it's coming down the pipe very quickly.
- 14:12Speaker 2: Guys.
- 14:12Speaker 1: We're talking about literally a week or six weeks away
- 14:15Speaker 1: for this to happen.
- 14:16Speaker 2: So, just as a reminder, this is Sailor's position. He
- 14:19Speaker 2: is very pro.
- 14:21Speaker 1: Against VIP one ten because his theme and thesis is,
- 14:25Speaker 1: you know, pro rooms pro ordinals. This of course is
- 14:28Speaker 1: still very driven around capitalistic nature versus the thesis of
- 14:32Speaker 1: what has been built out there with which would be
- 14:35Speaker 1: VIP one ten, and the change it's going to represent
- 14:38Speaker 1: for bitcoin. So I think this is going to get
- 14:41Speaker 1: very very dirty in the next six weeks.
- 14:44Speaker 2: Pay very good close attention.
- 14:46Speaker 1: I don't know, maybe this is a good time to
- 14:48Speaker 1: just exit the market, reconsider positioning, watch where this market flows.
- 14:53Speaker 1: If you want to exit or and move back into
- 14:55Speaker 1: an asset like bitcoin and others, maybe that's a strategy
- 14:59Speaker 1: that you could look at. I want to go over
- 15:01Speaker 1: to one more clip here because this gets into what
- 15:04Speaker 1: happens if Sailor actually dumps bitcoin right now in reference
- 15:09Speaker 1: to the people that are pro b I P one ten,
- 15:12Speaker 1: You'll see what I'm saying.
- 15:13Speaker 2: Take a look, bit Joe.
- 15:14Speaker 4: Don't you think it's a dangerous proposition that say they
- 15:16Speaker 4: can actually decide which way bitcoin goes?
- 15:19Speaker 3: Dangerous, not necessarily, but I think impactful. He can't decide,
- 15:22Speaker 3: but he can't say.
- 15:23Speaker 4: That he can take his coins in the one side
- 15:26Speaker 4: and just dump him and drive that price down to zero.
- 15:29Speaker 4: This is say that now is the most powerful man
- 15:31Speaker 4: in bitcoin when this, if this change pit happens, you
- 15:33Speaker 4: try to con vincing him that big one ten is
- 15:35Speaker 4: the way forward.
- 15:35Speaker 3: Good luck. Which side are you on, Joe? I'm on
- 15:39Speaker 3: the bit one ten side. I think that bitcoin is
- 15:41Speaker 3: money and a store of value and that arbitrary data
- 15:44Speaker 3: doesn't really have a place on it. But look, I
- 15:45Speaker 3: think that even if we do so, if.
- 15:47Speaker 4: There was a chain split and say that says I'm
- 15:49Speaker 4: setting I'm setting the book one ten side, well, how
- 15:51Speaker 4: would you feel about that?
- 15:53Speaker 3: That would be interesting? That would be really spicy. Any
- 15:55Speaker 3: we might need to come on and do another debate
- 15:57Speaker 3: if and when that happens, so.
- 16:00Speaker 1: As you can see that that's the threat we're dealing
- 16:02Speaker 1: with right there. I mean literally you're talking about king
- 16:04Speaker 1: makers here, which is what sailor could literally step into
- 16:08Speaker 1: and decide. And this would be I think catastrophic And
- 16:12Speaker 1: to the you know, the interview guests point is this
- 16:15Speaker 1: is going to get very spicy. I totally agree with that,
- 16:19Speaker 1: and I know this sounds a little doom and gloom guys.
- 16:21Speaker 1: But this is you need to be aware of this.
- 16:23Speaker 1: All of this is timing, and you look at the
- 16:25Speaker 1: timing in the market, the timing what's happening on a
- 16:27Speaker 1: regulatory front, and then you throw this into it, and
- 16:29Speaker 1: the course that is, what if we deal with a
- 16:32Speaker 1: clarity act that actually stalls or better yet, worse yet,
- 16:36Speaker 1: I said, say they put it into the Senate floor
- 16:39Speaker 1: and it fails. If that were to be the case,
- 16:42Speaker 1: because remember they say they're going to go to the
- 16:43Speaker 1: floor no matter what. If it actually goes to the
- 16:45Speaker 1: floor and it fails, that would be catastrophic. Then you
- 16:49Speaker 1: add in the component of the FED potentially raising rates,
- 16:53Speaker 1: which looks as though we may actually see one this year.
- 16:56Speaker 1: Now you've got Bitcoin defending on all measures, because the
- 17:00Speaker 1: market's defending on all measures, bitcoin being one of the
- 17:02Speaker 1: biggest bellwethers of the market itself. All of this happening
- 17:06Speaker 1: at the same time, the one ten, the FED clarity,
- 17:10Speaker 1: what's dealing going on with stretch and micro strategy, and
- 17:13Speaker 1: now you throw the icing on the cake of seeing
- 17:16Speaker 1: a bitcoin monetization plan of over a billion dollars. This
- 17:22Speaker 1: gets very concerning, and right now we're going to just
- 17:24Speaker 1: stay very tied to it. We'll get more back to
- 17:26Speaker 1: you guys, so stay tuned for that. If you like
- 17:35Speaker 1: this video, like and subscribe, drop a comment down below,
- 17:38Speaker 1: and also join our free private member group.
- 17:41Speaker 2: The link is in the description.