Latest / Simply Bitcoin / How The 40,000 Bitcoin Supply CRISIS TRIGGERS $1M SOON! | EP 1254

Transcript

How The 40,000 Bitcoin Supply CRISIS TRIGGERS $1M SOON! | EP 1254 · Simply Bitcoin

0:00
And supply shock just got worse is over 40,000 Bitcoin is about
0:04
to get stripped off the market. But remember guys, only 3500
0:09
Bitcoin will be mined each week. You heard it guys there is a
0:13
supply shock coming and of course the highly anticipated
0:17
announcement of GameStop buying Bitcoin finally became official
0:21
today with a $513 million Bitcoin by stripping 10 days of
0:27
supply off the market all by the themselves but they're not the
0:32
only giant lining up to buy thousands of Bitcoin this week.
0:37
Of course we have the Trump Media Group announcing a $3
0:40
billion buy of Bitcoin. We have that Ramaswami strive
0:44
talking about buying hundreds of millions of Bitcoin and of
0:47
course David Bailey's new company Nakamoto announcing that
0:52
they are all telegraphing billion dollar buys of Bitcoin.
0:57
It is getting crazy out here, but the real question is guys,
1:02
why is the Bitcoin price dumping?
1:05
Is it because of the Bitcoin conference or is there something
1:09
more? Well, let's get into it guys.
1:12
So of course here you guys can't see the source of material.
1:15
And of course I got my Co host Nico with me.
1:17
He's a little beat up from yesterday's long, long day.
1:20
But I have a Reuters headline here and we're talking GameStop.
1:24
Everyone's been talking about GameStop.
1:26
A lot of bitcoiners are buying GME.
1:28
We're seeing that there's a new fervor around GameStop.
1:31
Are they actually going to fulfill the short squeeze that
1:35
they plan to do so many years ago?
1:37
Well, we have the Reuters headline here and it goes,
1:39
GameStop buys Bitcoin worth 513 million in crypto.
1:45
And of course the numbers here, we really don't know when they
1:47
bought it. I think they kind of waited till
1:50
the Bitcoin conference to announce that they bought that
1:52
Bitcoin buy. Maybe a little symbolic push
1:55
here, but breaking this down, GameStop set in a filing it
1:59
acquired 4710 bitcoins. You know, a simple $500 million
2:04
buy for your first purchase. Sounds pretty cool to be buying
2:07
that much just right off the RIP.
2:09
Of course, if you know how much cash that GameStop has, this is
2:12
only 10% of their liquid cash. So really it's only dipping
2:16
their toes into the market. They're they're barely getting
2:19
into it and we'll see if they double down, triple down and
2:22
continue to buy billions dollars of Bitcoin.
2:25
And although they didn't disclose this period for the
2:27
purchases, we all know the Bitcoin price.
2:30
I think I saw this morning it's, it's around $107,000.
2:34
And of course, GameStop, Ryan Cohen is following Michael
2:38
Saylor's Bitcoin strategy. We saw last week he's, he's only
2:42
following one account and it's Hal Finney.
2:45
He was following the Bitcoin Twitter account a while ago.
2:47
He's been following Michael Saylor.
2:49
And of course it's all the rage right now.
2:52
And, and I think Nico and I have our own personal takes on the
2:55
Bitcoin strategy, or rather the Bitcoin treasure treasury
2:58
strategy, but it seems like that is the new rage right now.
3:02
Everyone's forgot about the strategic Bitcoin reserves and
3:05
they're all buying Bitcoin stocks, which we were trolling a
3:08
little bit last night at the meme review at the pub key
3:11
event. Anyways, they're following
3:13
Michael Saylor's lead and we're seeing that this is catching on,
3:16
or rather, this is all the fervor, this is all the
3:19
narrative. Now going further before I
3:20
really talk about it was Nico again recapping.
3:23
We saw the Trump Media Group, they're going to buy about $3
3:26
billion of Bitcoin, $1 billion literally with convertible
3:29
bonds, all of the sailor strategy.
3:32
I mean, quick maths, I don't know how much Bitcoin that is to
3:35
be bought just by Trump Media Group themselves.
3:38
But Trump is not alone. We have a vet, Ramaswamy Strive,
3:42
which is basically going to invest in all Bitcoin treasuries
3:45
themselves, planning to buy $750 million of Bitcoin.
3:50
These aren't small buys. Yes, in the grand scheme of
3:52
things, they're small buys compared to Michael Saylor, but
3:55
who's going to catch up to what 600,000 coins at this point and
3:59
going going again, we're at Bitcoin Conference 2025.
4:03
David Bailey himself from Nakamoto is also announcing $700
4:08
million buys of Bitcoin. So I think if I do some quick
4:11
maths here, that's a little under $4 billion of projected
4:16
capital coming into Bitcoin. Of course, they're buying
4:19
Bitcoin. They're essentially selling you
4:20
their stock because they're buying Bitcoin.
4:23
But the point remains the same. I don't know that people
4:27
understand. Or rather, there's two questions
4:29
here. One, there's not that much
4:31
Bitcoin to go around. Again, 3500 Bitcoin mined every
4:35
week. That's what, 14,000 Bitcoin a
4:38
month? These companies are projecting
4:41
to buy billions of dollars of Bitcoin.
4:44
Where is the Bitcoin? Where is all this capital going
4:48
to go to? There's only two things that can
4:51
happen, or rather there's only two things that are happening.
4:53
Either there's a lot of paper Bitcoin that is unaccounted for
4:56
or two, the price is going to RIP.
4:59
Now we are at the conference. We were joking about it
5:01
yesterday, Nico, you know, this time felt different.
5:04
It was pumping TO110K this morning.
5:08
This might be the smallest Bitcoin dump we've seen at a
5:11
Bitcoin conference. It dumped by like, I don't know,
5:14
1 1/2% and we're trolling. It's like it's over.
5:18
I guess we're not in a new era, but the narrative is
5:21
fundamentally shifting. I hope you guys saw this morning
5:24
we had the sitting Vice President, JD Banch talking at
5:27
the Bitcoin conference. It sounds like we are turning a
5:30
new leaf, not just on regulations, but also on the
5:35
narrative, the sentiment around Bitcoin from Tradfi.
5:39
And I know a lot of Bitcoiners don't like Tradfi.
5:42
It's kind of our nemesis here. That's kind of why Bitcoin was
5:44
created in the 1st place. But Nico, when is the price
5:50
going to start ripping? What is?
5:51
Going on, I mean that's $1,000,000 question, right?
5:53
Like you have all these major buys, you know, the sitting vice
5:57
president literally made a historic speech at the Bitcoin
6:02
conference. This has never happened before
6:05
happened during while the price is over 100K.
6:08
We had a slight dump, but you know, not too bad, not too bad
6:12
compared to previous cycles where just the bump the dumps
6:15
were brutal right before the Bitcoin the Bitcoin conference.
6:19
But what was really interesting about the vice president's
6:23
speech this morning, this is the first time, you know, a member
6:27
of the executive branch is making a speech at a Bitcoin
6:33
conference. If that is not a testament to
6:35
the influence and the power of our movement, I don't know what
6:40
is. Now, going back to the point
6:42
that Opti was making regarding the GameStop stock, I believe
6:46
they also played an interview between David Bailey and the CEO
6:49
of GameStop. This was he's, they've been
6:52
signaling that they've been, they're planning to do this for
6:55
many, many months now. Now, compared to Sailor, the buy
6:59
doesn't seem that enormous. You know, it's it's still $512
7:03
million a. 100 X less. Right, but, but remember Sailor
7:08
had first mover advantage. Sailor, you know when Sailor was
7:12
buying 512,000,500 and $12 million buys Bitcoin was at 30 K
7:18
50K, right? So even if they're putting the
7:21
same amount of capital in, it's going to get them less Bitcoin,
7:24
which is why we keep making the argument here at simply Bitcoin.
7:28
You know, the train has left the station.
7:31
Make sure you get on the train because it's moving.
7:34
You still have the opportunity to jump on the caboose, but the
7:37
train is moving right? So you definitely don't want to
7:40
miss the train. And it's, I, I, I think we are
7:44
either in the midst of Bitcoin becoming mainstream or Bitcoin
7:48
has gone mainstream. And look, the reality is that if
7:52
you start Bitcoin, if you start buying Bitcoin right now, the US
7:55
government frat rant you Wall Street frat rant you, right?
7:58
But it's still a good opportunity because it's still
8:01
year one or year 2 of Bitcoin becoming mainstream.
8:04
You're not going to have these types of opportunities a decade
8:07
from now. So it's a good idea to
8:09
capitalize it. Now regarding GameStop, GameStop
8:12
is very similar to Metaplanet. It's very similar to
8:15
MicroStrategy. Sailors own words.
8:17
MicroStrategy was a dying company.
8:19
It was over. It was essentially they're
8:21
they're wrapping it up. He said it himself, We were
8:24
either going to have a quick death or a slow death and we had
8:27
to do something extreme. We had to do something bold.
8:31
And that's when Michael Saylor, shout out to Eric Weiss, by the
8:33
way, that's when Michael Saylor decided to take the plunge and
8:37
say, hey, we're going to be adopting a Bitcoin strategy,
8:40
right? And of course, that's been a
8:42
tremendous success story. I never forget that Bitcoin 2021
8:46
conference where he made that major announcement with Max
8:49
Keiser. Like 4 years later, the stock
8:53
went from a $1 billion market cap to $100 billion market cap,
8:58
100 XS market cap. That's insane.
9:00
That's the definition of success.
9:02
You know, all these big companies are looking around
9:04
saying, hey, we have to emulate that sailor model.
9:07
Of course, you have GameStop in a very similar position.
9:11
This is a failed, not failed but.
9:13
A zombie company. It's a zombie company.
9:16
No one buys video games at a retail store anymore.
9:18
People download it. It's very similar to
9:20
Blockbuster. They have the opportunity to
9:22
pivot, just like MicroStrategy, just like Metaplanet.
9:26
Metaplanet was a essentially failing hotel chain.
9:29
And they said, hey, you know what?
9:31
We still have revenue. We still have cash reserves.
9:35
We can become a Bitcoin treasury company.
9:38
Metaplanet did that. They 4048X in one year.
9:43
So GameStop is in a very similar position.
9:45
They have $4.7 billion in cash and they could use that, they
9:49
can use that cash to start buying Bitcoin.
9:52
The only thing, the only criticism that I have with this
9:55
is that GameStop has been signalling for many, many months
9:58
now that they've intended to buy Bitcoin, but they never pulled
10:02
the trigger. They waited 107,000 and also
10:06
too, they have $4.7 billion in cash, $512 million.
10:11
That's root numbers. They only dipped their toes.
10:15
Yeah. Yeah.
10:15
Well, to be clear, Nico, we don't know exactly when they
10:18
bought. They could have bought in the
10:20
7080 K range. They only announced it at the
10:23
conference. Again, it wasn't a significant
10:25
buy. So they didn't actually have to
10:27
do an SEC filing. So I'm sure we'll get that
10:30
information a little later. I'm sure they'll Telegraph when
10:33
they actually bought the Bitcoin, but Speaking of the
10:35
GameStop stock itself, it literally dropped 14 1/2% ish
10:40
this morning when the market's open.
10:42
So I think I think micro strategy had something similar
10:46
play out in the beginning. I know investors, maybe this is
10:49
a you know, signal that the GameStop investors don't
10:51
actually want Bitcoin, don't like big or rather don't
10:54
understand Bitcoin. Which gets to my next .1 of our
10:58
team members literally got in Bitcoin through the whole
11:00
GameStop short squeeze moment and I've always wondered why
11:04
does it more GameStop investors understand that Bitcoin is
11:09
literally what they wanted to do in the 1st place, but you can't
11:12
shut them up. You can't just turn off the the
11:15
Bitcoin stock. You know the Bitcoin ticker and
11:18
then you stop trading none of that happened with Bitcoin.
11:21
So I'm waiting for the GameStop investors to really understand
11:26
that Bitcoin is exactly what they wanted to do with GameStop.
11:30
If you want to, you know, nuke some more billion dollar venture
11:33
capital funds, it's Bitcoin. This is how you literally do
11:37
what GameStop investors wanted to do.
11:40
This is what Roaring Kitty really wanted to do.
11:42
But he's missing the one piece of the puzzle that is Bitcoin.
11:46
And we were looking for his response this morning and he's
11:49
silent on Twitter. So I'm I'm pretty sure he's, you
11:52
know, he's probably dabbling. But once Roaring Kitty goes full
11:56
into Bitcoin, it's going to be very interesting to see if all
11:59
the other GameStop investors also follow suit.
12:02
This is what Bitcoin was designed for.
12:05
So, so interesting games being played, Nico.
12:07
Yes, it's Wall Street games, trad fi games, but it looks like
12:12
Bitcoin is in the first innings of going mainstream.
12:15
This has to be mainstream. This place is a zoo right now.
12:19
This is the biggest conference ever in Bitcoin Conference
12:22
Magazine. 30,000 people currently.
12:25
You guys hear the ambiance. By the way, shout out to the
12:28
amazing Rumble team. We're we're exclusively live
12:32
streaming Simply Bitcoin Live. We've never done this before 3
12:35
days in a row. When we got kicked off YouTube.
12:39
But this is we're doing a Rumble exclusive for the three days
12:43
we're here at the conference. This is day 2.
12:46
Shout out to the Rumble team for being so kind to hosting them,
12:49
hosting us at their booth. It felt amazing yesterday where
12:53
we actually got to speak our minds.
12:56
And I, I absolutely love the Rumble platform for really
12:59
pushing forward and allowing people to speak freely, to have
13:03
that freedom of discourse. I can't emphasize that enough.
13:07
So guys, go check out our Rumble channel, go to rumble.com,
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search simply Bitcoin, subscribe to us on there.
13:14
I'm thinking about releasing Rumble exclusive content and we
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could just uncensor ourselves it's.
13:20
Jack. We're gonna continue, we're
13:23
gonna continue building this relationship and building on the
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platform of Rumble because it really aligns with our Bitcoin
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Clark Moody's dashboard and of course the current Bitcoin price
17:27
is 107,720 the decline from all time highs and measly 3 percent
17:33
3.8% and we're at currently block height.
17:36
The only, the only time that matters 898,776 All right, guys,
17:44
this is all the rage right now. I know we've been talking about
17:47
this on the show for better or worse guys, Tradfly is here,
17:52
BlackRock Uncle Larry is here and we got a clip coming out of
17:57
the conference yesterday. Well, BlackRock is doubling down
18:01
on their one to 1 to 2% allocation of portfolio.
18:05
Now I know that doesn't sound like a lot from our perspective.
18:08
We're like go all in, you know, go full D Gen. mode, 100 plus
18:12
percent all, everything you can get into Bitcoin, sell your
18:15
chairs, all that good stuff. But you got to remember a lot of
18:19
the people that are BlackRock or even BlackRock themselves, 1 to
18:22
2% is a pretty good chunk of change.
18:25
So let's hear them talk about why they are pushing Bitcoin,
18:29
what they think about Bitcoin. So producer, play the first clip
18:33
please. What has what has happened since
18:35
that recommendation? Is that recommendation being
18:38
followed? What types of investors are
18:40
looking at it? How do we go from that
18:42
recommendation to investors actually allocating 1 to 2%?
18:49
Yeah. So just I think to set the stage
18:53
for for what model portfolios are and how they work for some
18:57
in the audience. Basically the the idea is to
19:01
support financial advisors in their journey to be able to
19:05
build better portfolios, more optimized portfolios for their
19:09
end clients. And so model portfolios have
19:12
become a very powerful tool to help financial advisors do that.
19:16
At Black Rock, we have a very significant asset base in the
19:20
model portfolios that we build and then equip our wealth
19:25
advisor clients with. And one of those portfolios, as
19:29
you note in February this year, so just about 3 months ago now
19:34
added Bitcoin as an allocation in the 1 to 2% range.
19:38
And this was a model portfolio that includes alternatives in
19:42
it. And so that was, as you know, I
19:44
think a significant development that that was not a sudden
19:49
reaction to anyone thing that was the results of multiple
19:52
years of analysis and research by that team who runs those
19:56
portfolios. So it's been an exciting
19:59
milestone. I think the investment thesis
20:01
that is behind that is similar to.
20:05
You know what folks have heard me talk about a lot, what folks
20:07
here Larry talk about at various points and that is this view of
20:12
Bitcoin is as an emerging global monetary alternative that is
20:16
attractive in potentially a lot of states of the world.
20:22
All right, guys, we're back. So as you can hear, First things
20:25
first, sneako, let's just chat about black rocks 1 to 2%
20:29
allocation. Now, of course, from our
20:32
perspective, the Bitcoin Maxis, the Bitcoin D gens, you know, us
20:36
younger guys more, I would say less risk averse investors,
20:42
people that understand Bitcoin is perfect money 1 to 2%.
20:46
It's like, what are these numbers?
20:47
These these are rookie numbers here.
20:49
These are numbers for ants. But again, they are also putting
20:54
their careers on the line here, even even acknowledging Bitcoin.
20:59
And of course they're not. Of course they're not going to
21:04
go ahead, put it all in. But Nico, why do you think
21:08
they're doubling down on this one to 2%?
21:10
We heard them basically say, hey, we are getting more
21:13
comfortable with Bitcoin. We're seeing more investors want
21:16
to get into Bitcoin, but we're only feeling good about
21:19
recommending about 1 to 2% in Bitcoin.
21:23
It seems like they got to up these numbers.
21:26
Yeah, I mean, look, I, I think it's absolutely massive that the
21:29
world's largest asset manager is basically telling everybody,
21:34
telling the world that, you know, a 1 to 2% allocation in
21:39
Bitcoin is the right way, the right thing to do.
21:43
And the reason I'm saying that is because, again, you know,
21:48
that is wild. We could have never have
21:50
imagined that 5-10 years ago, Larry Fink was late.
21:54
This is his words, not mine. He was basically saying that
21:57
Bitcoin is an index of money laundering.
22:00
And you know, this is the game theory.
22:02
Five years ago, No, last year with the with the previous
22:06
administration, we thought we were going to jail just for
22:09
talking about Bitcoin, right? And now all of a sudden we have
22:13
the vice president making a speech at the Bitcoin
22:16
conference. You have Larry Fink going on
22:18
legacy financial media preaching Satoshi's gospel.
22:23
And now they're telling their clients, hey, listen, allocate 1
22:26
to 2% of your portfolio into Bitcoin.
22:30
I mean, we're making progress. And The thing is here, look,
22:33
it's like GameStop. GameStop starts with two $512
22:36
million every. We all do this.
22:39
We dip our toes in a little bit and then once you start to see
22:43
number go up, once you start to see that Bitcoin is disappear,
22:48
your asset, Bitcoin is the literally a black hole that's
22:51
just going to suck in all the assets around the world.
22:55
Because again, compared to real estate, real estate you have to
22:59
pay maintenance, real estate, you have to pay property tax.
23:02
There's a physical property you have to take care of, right?
23:06
Stocks. Again, are stocks going to be a
23:08
50% CAGAR? I don't think so, right?
23:12
So again, the world's going to wake up to this reality.
23:15
But the more time you wait, the less of an opportunity it is for
23:19
you, right? So anyways, bro, historic effing
23:23
news from BlackRock. We keep winning.
23:26
This is what Trump promised us in Nashville said you guys are
23:29
going to get tired of winning. I disagree with him at 107 Ki
23:33
don't feel like I'm winning yet and needs to be at 300 K and
23:37
then I'll feel like I'm winning. So but everything else from a
23:40
news perspective, incredible bullish and shout out daddy
23:44
think. Uncle Larry, shout out Uncle
23:46
Larry. All right, Nico, we got a pivot
23:49
here, so looks like we're about to get kicked off the Rumble
23:51
booth real quick. So which monsters haven't we
23:54
shouted out before we wrap? It up.
24:00
The financial system of the future, Jesse, And we have to
24:03
encourage it. What the Biden administration
24:05
was doing, and let's face it, it wasn't Biden.
24:07
Elizabeth Warren controlled the autopen during that
24:10
administration. She for some reason has this
24:13
pathological hatred of the crypto community.
24:15
She wants to drive this community offshore.
24:18
She doesn't want it happening in the United States.
24:19
That's the wrong policy for the United States.
24:22
We want all the innovation happening here.
24:23
This is a financial system of the future.
24:25
It's cheaper. It's more efficient.
24:28
We want it happening here, Jesse.
24:29
And I think people are thrilled that President Trump is making
24:32
that possible. All right guys, so we're going
24:34
to RIP through this new story real quick before we get kicked
24:37
off the Rumble booth. And this is one of Nico's
24:40
favorite topics here. So just play the second clip
24:43
real quick for us producer, and then I'm going to team Nico up
24:46
and then we'll wrap up today's show.
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Head over to Casa dot IO. OK guys, so it looks like we had
25:47
a mix up on the videos. You saw the clip before the
25:50
transition, but Nico, this is right up your alley.
25:54
So I'm going to tee you up for this.
25:56
We had David Sacks, the Cryptozar essentially say that
26:00
Elizabeth Warren was auto pending Joe Biden's attacks on
26:04
Bitcoin. Of course, I wouldn't get into
26:07
it. Caitlin Long was basically
26:08
talking about insiders revealing to her that this was an attack
26:11
from the highest administration. We know Elizabeth Warren has
26:14
been on this anti crypto crusade.
26:17
So Nico, what's your thoughts seeing that clip?
26:20
This is right up your alley. Do a Rumble exclusive quick RIP
26:24
what we got to get. Out of here here's my personal
26:26
opinion I think Elizabeth Warren's a communist OK, that's
26:31
that's my humble opinion the reason I'm saying this is she's
26:34
been on record she believes that the future of money in the
26:38
United States of America are central bank digital currencies
26:42
right that will continue the Fiat system and it will allow
26:46
top level control of people through social controls.
26:51
This is what they're doing in China.
26:52
You talk I'll about the government, They freeze your
26:55
account. They don't let you travel.
26:57
In fact, they'll deduct how much money you have in your account,
27:01
right? The CBD CS are a dystopian
27:04
nightmare. And the reason that Elizabeth
27:06
Warren is so hell bent on stopping Bitcoin is because
27:10
Bitcoin is a non sovereign alternative.
27:13
It provides an alternative to money that is outside the
27:17
control of the state. That's why she wants to CBDC.
27:21
Now. There was a very interesting
27:22
bill that passed through, I mean, yeah, passed through the
27:25
House last year and it was essentially split across party
27:28
lines. The bill specifically forbade
27:32
the federal government from launching a central bank digital
27:35
currency. The vast majority of Republicans
27:38
voted for that bill. The vast majority of Democrats
27:42
voted against that bill. It's not monolithic, but until I
27:47
see other signs it seems like right now Bitcoin is is a little
27:52
bit partisan. That might be because of the
27:54
ideological leanings of independence, small government,
27:59
a non sovereign money, but you know, we'll wait and see.
28:02
I do want to give a shout out to Congressman Ro Khanna of
28:05
California, who is a Democrat, who has who has stood stands for
28:10
the industry. He's spoken many times at the
28:13
Bitcoin conference. But to answer your question, the
28:16
reason that Elizabeth Warren does not like Bitcoin is because
28:21
she wants state control of money, which again, is the 5th
28:25
tenet of the Communist Manifesto, the centralization of
28:29
credit, the centralization necessity for a central bank.
28:33
So is Elizabeth Warren a full blown communist?
28:36
Maybe not yet, but she's definitely a socialist and
28:40
that's the reason as to why she does not like Bitcoin.
28:44
All this consumer protection, you heard JD Vance talk about
28:47
it. It's a facade, it's fake, it's
28:50
BS, it's not real. They're you.
28:53
They're trying to justify the regulatory cuts, the attack on
28:57
the industry with the guise of consumer protection.
29:00
But the reality is that the reason that she did it is
29:03
because she wants to create a monopoly for a central bank
29:07
digital currency. Before I wrap up today's show, I
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30:15
special shout out to our friends over at Rumble for letting us
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live stream at their booth today.
30:20
Smash the like button, subscribe, drive to us on
30:23
Rumble, and we'll be back tomorrow.
30:25
Thank you guys so much.