Everyone's asking how high Bitcoin can go.
Yeah, 150. Maybe 2?
100 even 2. 50 this year what? But they're asking the wrong
question. The real question is why is
Bitcoin the only crypto asset with a mathematical path to
1,000,000 and beyond? When Wall Street is 10% of
Bitcoin, Bitcoin will be at a million a coin, and that means
they'll be nearly $20 trillion of not Wall Street money that
will be sitting everywhere else in the rest of the world, in the
rest of whatever right the energy.
It's impossible for anybody to take over Bitcoin in a hostile
way. In this video, I'm going to
break down why Bitcoin isn't just another coin in the bag.
It's actually the main character in the global financial reset.
And right now the script is getting wild imotions.
This is beyond Bitcoin. Let's dive in.
Or do you? Think that.
There is a pathway. To do this faster.
Yeah. I do think there's a pathway.
I think the place to start is to use the money that's held by the
US Marshals Service because it was asset forfeiture monies in
the form of digital assets that could be the basis for year one
of a strategic Bitcoin reserve. And then we can add other
currently held assets, assets held in a different form,
convert them to Bitcoin and hold them later.
So there are certain things that the administration can do using
its existing authority and doesn't need legislation to do.
But I think it's important eventually to have a legislative
framework for a strategic Bitcoin reserve so it can't be
undone by future residents. And my purpose for a strategic
Bitcoin reserve is to set it up. Have a million Bitcoin, 5% of
all Bitcoin, hold it for 20 years, and it will eliminate
half of the US debt. Bitcoin is no longer a ripple.
It's a nation state asset. Governments are buying Wall
Street, discording, and the biggest asset manager in the
world, BlackRock, chose Bitcoin. Not Ethereum, not Solana, not
XRP Bitcoin. And they didn't just file an
ETF. Larry Fink calls Bitcoin a
flight to safety. This rally is way beyond the
rumor. I think the the rally today is
about a flight to quality with all the, you know, all the
issues around the Israeli war, now global terrorism.
And I think there's more people running into a fight.
The quality, whether that is in treasuries, gold or crypto,
depending on how you think about it.
And I believe crypto will play that type of role as a flight to
quality. Bitcoin does not hit 1,000,000
with retail hype. It hits it with nation state
level adoption. Here's what makes Bitcoin
untouchable. You can't inflate it, you can't
pause it, and you can't negotiate with it.
Ethereum had the Dow hack rollback.
You remember that Solana often halts operations like a bad
Wi-Fi router. But Bitcoin?
It just takes every 10 minutes like clockwork.
In a world where everything's up for negotiation, Bitcoin is the
one asset with rules, not rulers.
The one of these that's the most interesting to me, I guess would
be the Clarity Act, specifically because I think the way that it
was written grandfathers in certain block chains and
advantages them relative to what would happen if they were
launched today. So if you look at the way the
the the legislation was written, it allows technologies like
Ethereum and Solana block chains to be classified as
decentralized when they're actually not.
And if they were launched today, they would go through a much
different process than they're going to go through now that
they're being grandfathered in. Now, whether or not this
technology ultimately gives these other block chains enough
of a step forward on Bitcoin remains to be seen as my
perspective that the underlying technology will ultimately win
the day. So if you look at these
grandfathered in technologies like Ethereum and Solana,
they're proof of stake technologies.
And what that means is if I have a big stake in the blockchain, I
get to say what happens. That's exactly how society works
today. And it's not really a
technological revolution. What's so different about
Bitcoin is the governance of it and it's proof of work consensus
mechanism. And so we tend to believe that
the energy intensity that's tied to new creation of Bitcoin is a
game changing technology. And so, you know, you can
speculate as to why things like Ethereum have had this pop in
the past few weeks. That's my perspective because
this this legislative helped them have a leg up.
I don't think in the end of the day they're going to win.
So I guess this would enable I further.
Essentially the way it all comes together is the government is,
is now saying we are not going to declare certain of these
crypto activities to be contrary to regulation as it stands right
now. In other words, a tacit
endorsement that this stuff can't exist in this form and can
continue to develop, but develop toward what I really think is,
is, is, is that an issue still or is it just, hey, Bitcoin,
because of all the attributes you mentioned is a great store
of value and can continue to be? Yeah, well that's exactly the
question. People need to start thinking
about what problem these various block chains solve, and the
answer is most of them don't actually solve any real problems
except Bitcoin. Let's talk Fiat. the US is
running $2 trillion of deficits in peacetime.
Global debt $315 trillion and climbing.
I actually wouldn't trust all these statistics.
I'm getting them all from ChatGPT, but I digress.
As we know, central banks are trapped.
They have to print. There's no way up.
And guess what? You may not be early to Bitcoin
anymore, but you're definitely in time for the collapse.
Bitcoin doesn't need to moon, the dollar just has to keep on
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Let's face it, most cryptos are a startup with a token taped on.
They have CEO's, road maps, venture capitalists and back
doors. Bitcoin is property, Ethereum,
everything else in the crypto ecosystem likely.
They're all securities, right? Why are they securities?
They're controlled by groups of developers.
They're issued pursuant to Ico's initial coin offerings.
That makes them security. If there's a pre mine and there
was a group of of individuals that initially control the
thing, it makes IT security. If you know if anyone can
exercise undue influence becomes security.
And technically, if you know, if you look at the definition, it's
when you're making investment of money relying upon the efforts
of others and expectation of profit, it becomes an investment
contract, a security. OK.
The fundamental difference between Bitcoin and Ethereum is
Ethereum's monetary policy changes every six months.
Every few months it changes. There's a difficulty bomb and
Ethereum that's been getting pushed back since 2016.
They keep pushing it back. When it goes off, it will wipe
out. Obliterate a $50 billion
Ethereum mining industry. Just wipe it out completely.
Change the protocol, flip everything to proof of stake.
They keep putting it off. OK, that sounds like a group of
people exercising influence over the protocol.
The thing you need to know about Bitcoin is on pizza day, May
22nd, 2010, Bitcoin is trading for a couple of pennies for the
first time in 15 months or or something like that.
The protocol hadn't changed and has not changed it.
When it was a penny, the protocols were all the same.
Today, they're the same exact protocol.
There was a war fought over this the block size war and the block
size war. All of the powerful holders and
miners and exchanges wanted to change the protocol and double
the block size. It would have changed all the
economics of Bitcoin forever for the next 1000 years.
It would have screwed up the economics of the miners.
It would have shifted the balance of power in favor of of
of some holders versus others. That war was lost.
The original Bitcoin protocol continued on, and that means
it's an unadulterated protocol and it's shown itself to be
resistant to the influence of of any group of people.
That's what makes it property. Ethereum has Vitalic, Solana has
Solana Labs, XRP has Brad Garlinghouse, Bitcoin.
It has no known founder, no company, no exit strategy that
someone can change the rules of the entire ecosystem on a Zoom
call. It's not Bitcoin.
Let's do the math 21 million coins, several of which are lost
forever. ETFs and publicly traded
companies like Strategy are gobbling up supply.
Governments haven't even started buying in size yet.
And here you are waiting for a pullback.
There simply won't be enough Bitcoin to go around when the
world wakes up. Bitcoin securitization and, and
Bitcoin backed, you know, companies effectively buying
Bitcoin and, and not selling it. And, and you know, if you look
at that category, it's, it's dominated by, by MicroStrategy.
But if you look at that category, it's like 750,000
bitcoins or something like that are owned by Bitcoin treasury
companies. Project that number forward.
Like if you, if you increase the number of Bitcoin treasury
companies and you increase their time in market and you increase,
let's say their ability to find additional financing or dilution
events because the price of Bitcoin is going up.
And that's like driving liquidity into these these
instruments, then they're going to be able to, to continue to
grow at an ever increasing rate the amount of Bitcoin held by
those types of, of, of vehicles. And so, you know, if 750,000
bitcoins becomes 3,000,000 bitcoins or 4 million bitcoins,
like it's going to cause a massive supply shock.
And it's like, well, how do you get the Bitcoin out of those
companies once it goes in? And so ultimately, like if, if,
if the sailors of the world can accumulate too much Bitcoin, you
know, it doesn't matter if people are rebalancing or not,
there's, there's just going to be a massive squeeze on the
market. And and until those, those
businesses, until sailors went and sell some Bitcoin like it,
you know, there's no solution for it.
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Bitcoin is not another crypto play.
It's a peaceful revolution wrapped in map.
And as Fiat systems unravel, Bitcoin doesn't just stay
steady, it becomes the center of gravity.
The #21 million isn't magic, it's verified.
And when that math meets the monetary madness that we have
today, 1,000,000 a coin doesn't sound that crazy.
That sounds inevitable. Anyway, thank you so much for
watching this video, imotions. This is beyond Bitcoin.
If you like what you see and you want to see more, subscribe to
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Until next time.