Latest / Simply Bitcoin / Michael Saylor’s Revenge: $217M Bitcoin Buy After S&P 500 Rejection! | Simply Originals
Transcript
- 0:00They snubbed him. The S&P 500 committee looked
- 0:03Michael Saylor dead in the eye and said, Nah, we'll take Robin
- 0:07Hood and a dating app company instead.
- 0:10And and I guess I wonder if you think standard and Poor's or
- 0:15others or you know if, if, if, if anybody has any sort of bias
- 0:21towards crypto still at this point because the S&P 500 just
- 0:24came out with their decisions and they chose to go with Robin
- 0:27Hood and app lovin over strategy.
- 0:31A lot of people were kind of surprised by that the stock
- 0:33actually was down a little bit. Do you think that there is a
- 0:35bias at any of the indexes or any places that come through
- 0:40this against the company with a lot of Bitcoin and holdings?
- 0:44I don't think there's a bias. I don't think we expected to be
- 0:46selected on our first. Quarter of eligibility.
- 0:48We figure it'll happen at some time.
- 0:51There's a digital transformation in the markets.
- 0:54This is a brand new novel concept.
- 0:56Every quarter we make new believers.
- 0:59We we get more support from banks, from politicians.
- 1:03From credit. Rating agencies, etcetera, I
- 1:06think that will continue for the foreseeable future.
- 1:10Meanwhile, this man just bought another 1955 Bitcoin for 217
- 1:16million and is now sitting on over 3% of the entire supply.
- 1:21Wall Street doesn't get it yet, but they will, and when they do,
- 1:25it'll be too late. That's right, strap in because,
- 1:28because it's time. To check out price of Bitcoin
- 1:34this morning, the cryptocurrency up over 100% this year.
- 1:37Joining us right now is Bitcoin bull Michael Saylor, a strategy
- 1:40executive Chairman. You know him from micro
- 1:42strategy. People are still getting those
- 1:44names, you know, figure it out. So we had Tom Lee on the
- 1:49broadcast, I don't know if you saw this earlier today, and he
- 1:51effectively said Bitcoin at $111,000 is headed to $200,000
- 1:57effectively by Christmas. What do you think of that?
- 2:00Well, most of the equity analysts that follow our stock
- 2:03have target prices for Bitcoin, and they're all north of 150.
- 2:09Bitcoin represents a digital transformation, the capital
- 2:11markets. And so the more people know
- 2:14about it, the more they get educated on it, the more
- 2:16companies embrace it, the higher it goes.
- 2:18You can't make any more of it. All right, folks, here's what
- 2:21just went down Strategy. Michael Saylor's Bitcoin
- 2:25Frankenstein snubbed from the S&P 500.
- 2:28But hey, easy. Relax.
- 2:30They already expected that this might happen.
- 2:33Sailors said it himself. So what does he do?
- 2:36Does he cry? No, he drops a 217 million
- 2:40stacks, 1955 more Bitcoin and tweets needs more orange.
- 2:46The man is turning rejection into domination.
- 2:50I like his style and now Bloomberg has him in the top 500
- 2:54billionaires net worth 7.3 billion.
- 2:58All built on conviction built on Bitcoin.
- 3:01And as you can see by Mr. Archives chart there, that's
- 3:05more than 3% of the entire Bitcoin supply thing.
- 3:09Think about that. And it's not just Sailor who's
- 3:12calling for Valhalla by Christmas.
- 3:14Fun strats. Tom Lee is out here saying,
- 3:17well, Bitcoin can easily hit 200K by the year's end.
- 3:20Why? The Fed's about to cut rates.
- 3:22And every time the Fed cuts rates, equities RIP and Bitcoin
- 3:26rages against the machine. Bitcoin and cryptocurrencies
- 3:30like Ethereum are super sensitive to monetary policy.
- 3:34So I think that September 17th is an important catalyst.
- 3:38Crypto typically does really well in the fourth quarter, so I
- 3:41I think Bitcoin can easily get to 200,000 before year end.
- 3:44I know it's a big move, it's almost a double, but that's also
- 3:47going to be a. Double from here.
- 3:49Let's just hold on. Let's just take a quick pause.
- 3:51A double from here. So everybody's listening to
- 3:53this. We're at $111,000 and you think
- 3:56we by Christmas time effectively we could be at 200,000.
- 4:01That's right. One of the reasons Bitcoin
- 4:03stalled this year is the Fed's been on pause for nine months.
- 4:07That pause all year. If you look at an easing cycle,
- 4:10that's only happened two other times in 1998 and 2024, where
- 4:13the Fed began to resume cuts in the fourth quarter in September.
- 4:18Equities do really well. As you know, crypto is beta to
- 4:21equity. So I think it's going to be a
- 4:23very strong fourth quarter. Small caps should also rally
- 4:27like IWM, but that also is really bullish for Ethereum
- 4:30which is highly linked to small caps.
- 4:33So you're, you are seriously bullish into into the into the
- 4:36end of the year at this point, given these given these rate
- 4:38cuts you don't look at as bad news is good news, but therefore
- 4:42the good news can't be that good.
- 4:44Situation. I would be more cautious,
- 4:46Andrew, if we didn't encounter so much skepticism about stocks.
- 4:50I think year to date the S&P is up 10%.
- 4:53As you know, when you look at a pretty good measure like AII net
- 4:57bowls, less bearers, it's been negative for five weeks.
- 5:00So at all time highs, investors are bearish and we find that
- 5:04skepticism among our institutional clients.
- 5:06So I think most are kind of bracing for a defensive view
- 5:10between September and year end. That's why I think that the
- 5:12stock market will surprise to the upside.
- 5:14Institutions know it. They're bracing defensively
- 5:17right now. But when this thing flips, oh
- 5:20baby, it's vertical stacks of God candles.
- 5:23Buy Bitcoin or sleep now in the fire.
- 5:25Institutions are not slowing down.
- 5:27Tether added more Bitcoin to reserves than almost every ETF
- 5:32planet. But another 136 Bitcoin.
- 5:35They're over 20K now. And Wales.
- 5:37Those assholes dumped $12.7 billion worth in the last month.
- 5:42But guess what? Price is still above 111 K.
- 5:46That's not weakness, it's strength.
- 5:48Illiquid supply just hit an all time high.
- 5:51The supply shock is here. So you can whine about big
- 5:55corporations or buying all the biddies, or you can turn off
- 5:58Twitter, clock in at your job and stack more sets for your
- 6:01family. That's the signal.
- 6:03Even Harvard's writing in Harvard Business Review that
- 6:06Bitcoin is replacing gold as a store of value.
- 6:09Larry Fink says Harvard says it. Guess what?
- 6:12The allegedly smartest guys in the room are finally catching
- 6:16up. But meanwhile, and highly
- 6:18ironically with the name World Liberty Financial, well, they
- 6:22just froze 272 wallets. They just straight up debanked
- 6:26people. And this after Eric Trump
- 6:28himself said debanking is what brought his family into Bitcoin.
- 6:32Debbie TF can't make this up. It's all centralized garbage.
- 6:36And This is why we Bitcoin. Now let's talk macro because the
- 6:40storm is coming. Tomorrow we're likely to get the
- 6:42biggest jobs revision since 2010.
- 6:46Goldman Sachs says up to 950,000 jobs could be erased from the
- 6:50record. Poof, gone and the Fed, they're
- 6:53trapped. If Powell cuts into this, which
- 6:55is likely to happen, guess what happens every single time?
- 6:58Recession. The Titanic is sinking my
- 7:01friends. You can either go down with it
- 7:03or you grab the Bitcoin life raft.
- 7:05Now we've got more to get to on the currency war front and why
- 7:08it will lead to $1,000,000 Bitcoin and parody with gold.
- 7:12But before we bring it home today, look at our likes 3 or 4
- 7:15times. Maybe I pump those numbers.
- 7:17Up those are. Rookie numbers in this racket.
- 7:19Don't forget to like, subscribe and give us a pimp while we
- 7:22recognize our sponsors powering this show over at the Bitcoin
- 7:25way. If you're sick of KYC, the team
- 7:28they built over at Bitcoin Core, spam wars, clown world jpegs,
- 7:33ordinals, inscriptions, whatever the hell they are.
- 7:36Well, this is where you go to learn multi sig privacy and real
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- 7:43Run your node. When you're ready to learn
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- 7:48So get started today and book a free 30 minute consultation
- 7:51using that link in the show notes And once you've got
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- 8:30off their first loans. Now let's bring it home.
- 8:34Very nice. That's right, Kazakhstan just
- 8:37ordered a strategic Bitcoin reserve.
- 8:40That's right, the number one exporter of potassium is
- 8:43plugging in. Meanwhile, Russia's calling out
- 8:45America for trying to inflate away its $35 trillion debt.
- 8:51America priyama si Chas puta it's a permanent privel anarinki
- 8:55zolta ecryptovalute spomitika konic dog treats ET Piet
- 9:01trillionov dolov option to edit dva alternative valut valut no
- 9:07MU sigmiento mera Luka ani ochenka trishit problem with
- 9:21nigena de veriegdolaro sushaka katabili triczat ES medisat E
- 9:26gude voodoo triczat E finance problem is a shot siwamira the
- 9:33gani FC CUDA scripta valutna oblaka so reminium karachez
- 9:40gozdog sashabu transmission of stable coiner Sasha be Senate
- 9:45dog shuras prosthenis slova when you such as volutnay treats PT
- 9:51trillion dog ani was a ganette crypto wobblaka Ibis any word in
- 9:57the chennaiad snola ETA to ocean lubit zenimaza crypto.
- 10:05They might be right, but it's too late.
- 10:07The rug pool is already in motion.
- 10:09Sell the gold, buy the Bitcoin. But.
- 10:12Who knows, maybe we'll pay off our $35 trillion, hand them a
- 10:15little crypto check, right? We'll hand them a little Bitcoin
- 10:19and wipe out our $35 trillion. But how?
- 10:21Do you want it to be more prominent in America?
- 10:23How will that work? Oh, it's going to work easily.
- 10:26It's already prominent. It's moving along.
- 10:29It's very loosely regulated. That's one of the reasons it's
- 10:32moving along. But it is a different form of of
- 10:35a currency and it's going to end up benefiting the country.
- 10:38But if we shut it down, like, you know, Biden's trying to shut
- 10:41it down, Biden doesn't have the intellect to shut it down.
- 10:44Can you imagine this guy's telling you to shut something
- 10:46down like that? He has no idea what the hell it
- 10:49is. But if we don't embrace it, it's
- 10:54going to be embraced by other people.
- 10:55You know, it's a massive thing already.
- 10:58Did you read words bigger than any company in the world
- 11:01already? I mean, if you look at the
- 11:03market, it's bigger than many countries.
- 11:06It's it's a very big thing if we're not going to be the
- 11:09leader. We have the people that are the
- 11:10leaders. I know some of them, they're
- 11:14very smart. And if we don't embrace it,
- 11:17other countries are going to embrace it.
- 11:19Other countries will anyway. But we can be the leader, and we
- 11:22might as well be the leader. Trump already telegraphed the
- 11:25move and Ricky Salinas he says Bitcoin will hit gold parity
- 11:29shortly. Bitcoin is a new global reserve
- 11:32asset. It will surpass gold.
- 11:35So take that as take home values from this talk.
- 11:39One thing Bitcoin will be more valuable than gold shortly.
- 11:46Now today, you know, at the $105,000 per Bitcoin, the 2
- 11:54billion, the 20 million bitcoins that are out there, well they're
- 11:58worth you know, 2 point something trillion gold is worth
- 12:02like 16 trillion. So Bitcoin should go up at least
- 12:07eight times to equate the storehouse or the, the, the
- 12:13value storage capacity of gold. And I have no doubts that it
- 12:17will happen very shortly. I mean, I wouldn't say what, but
- 12:20I mean, if you look at any trend gold in, in terms of Bitcoin,
- 12:26that trend is going down. And and this so, so easy to see,
- 12:30you know. Shortly, how does a little over
- 12:33three years from now sound? That lines up perfectly with
- 12:37Michael Saylor when he may have slipped and stated that Bitcoin
- 12:41becomes the largest asset in the world in 48 months.
- 12:44What's driving the growth of Bitcoin?
- 12:47It is the most powerful force in the world right now.
- 12:50It's growing nearly 60%. It's it's become the 7th and the
- 12:538th largest asset in the world is about to become the largest
- 12:57asset in the world in the next 48 months.
- 13:00That's the set up. Gold surges, Bitcoin nukes
- 13:03higher. Every gold rally ends the same
- 13:06way, with Bitcoin going parabolic.
- 13:09Because we traded all this gold for all the European commodities
- 13:13and manufactured goods, the Europeans suffered a recession.
- 13:17America was built on the gold that the 49ers brought.
- 13:21And so this is the modern digital gold rush.
- 13:25We should just go grab the digital gold.
- 13:29Eventually the rest of the world will trade all of their stuff
- 13:32for it. But when they buy it, they'll be
- 13:34buying it at 10 million a coin or 20 million a coin or 50
- 13:38million a coin. And we will basically take our
- 13:42debt and we'll negate it. And then we'll flip to being a
- 13:44creditor nation and and what does it take to be rich?
- 13:50We'll ask Bill Gates or Steve Ballmer or Mark Zuckerberg, you
- 13:54know, or Larry Page or Sergey Brin, what does it take to be
- 13:59rich? It just takes a little bit of
- 14:01vision, a little bit of conviction and use technology,
- 14:08right? And and so in this case, I think
- 14:11our country should be rich. It is rich.
- 14:14We're rich because we bought California for a few 1,000,000
- 14:17bucks before people knew that out before they knew Hollywood
- 14:21or Silicon Valley would be a thing right now.
- 14:26I think we should buy cyberspace and it's it's the most powerful
- 14:31lover imaginable because you're paying a penny to get a dollar
- 14:35and and not only you paying a penny to get a dollar, but
- 14:39you're de risking the thing, right?
- 14:41Because in the process of adopting Bitcoin as the network,
- 14:46you force a Stampede of all of our allies, all of our
- 14:50frenemies, all of our enemies, and you accelerate the
- 14:55monetization of the network. So.
- 14:58If everybody's a winner, I mean arguably even the rest of the
- 15:01world's a winner because they're going to be better off using
- 15:04digital capital as a store of value than using Siberian
- 15:08warehouses. We're living through the biggest
- 15:11digital gold rush in history. Don't miss it.
- 15:14If you want to see the future of Bitcoin mining up close, don't
- 15:17miss Mining Disrupt 2025 in Dallas November 11th through the
- 15:2113th. The biggest names in the
- 15:23industry, cutting edge rigs and the signal you won't get
- 15:27anywhere else. Grab your tickets today and use
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- 15:33news desk. Let us know what you guys think.
- 15:35I hope you enjoyed this one smash like give us a PAMP and
- 15:38share it with your family and remember, Bitcoin doesn't submit
- 15:42to Wall Street. Wall Street submits to Bitcoin.
- 15:46I love you guys, catch you next time if you prefer to go down
- 15:50with the ship.