$10M Bitcoin Tipping Point - America Just Changed

[00:00:00]The biggest Bitcoin story has nothing to do with the price. It has everything to do with ownership. And what just happened will forever change the way you think about Bitcoin. Let me show you.

[00:00:11]The battle between Bitcoin and gold is now officially over. Not because Bitcoin is superior, but because America already made its choice. The crazy part, almost nobody noticed. For over 5,000 years, gold was the world's undisputed store value. If you wanted to protect your wealth, you bought gold. That wasn't even a debate. Bitcoin didn't even exist. Obviously, it started 17 years ago. Today, all that changes. For the first time in history, more Americans own Bitcoin than gold. Nearly 50 million Americans now own Bitcoin. Fewer than 29 million own gold. Let that sink in for a moment. We're not talking about market capitalization or price performance.

[00:00:51]We're talking strictly about ownership.

[00:00:54]Millions of people have quietly decided that if they're going to preserve their wealth for the future, they'd rather own digital scarcity than a shiny metal that's been around for literally thousands of years. That's not a close race anymore. That's not the America most people still think they're living in. That isn't just another bullish statistic. It's a cultural shift. Once public behavior changes, everything else eventually follows. Think about everything else that's happening beneath the surface. Spot Bitcoin ETFs have attracted another 930 million of inflows over the past six trading days.

[00:01:25]Long-term Bitcoin holders just reached another all-time high, meaning more Bitcoin than ever are sitting in the hands of investors with no intention of selling. At the same time, lawmakers in Washington continue moving towards clearer rules for the industry, bringing Bitcoin one step closer to full integration into the traditional financial system. Individually, each of these headlines ultra bullish. Together, they're telling a much bigger story.

[00:01:49]Bitcoin isn't winning because of hype anymore. It's winning because adoption keeps accelerating while the available supply keeps disappearing. That's why I believe so many people are still looking at the wrong scoreboard. They're watching the daily price, waiting for Bitcoin to hit another all-time high before deciding whether the bull market is back. Meanwhile, the foundation underneath the market keeps getting stronger. More people own Bitcoin.

[00:02:11]Institutions keep buying Bitcoin.

[00:02:13]Long-term holders refuse to sell Bitcoin. Governments continue building Bitcoin reserves. Nation state game theory keeps accelerating. The infrastructure keeps improving and regulatory clarity continues moving in the right direction. None of those trends are moving backwards. This is exactly what a monetary revolution looks like. Not all at once. Then suddenly everyone realizes the world has quietly changed around them. I've said it for years that Bitcoin doesn't need everyone to buy it. It simply needs more people choosing Bitcoin over the alternatives one decision at a time. Eventually, those individual decisions become impossible to ignore. That's what today's statistics represents. It's not just another survey. It's evidence that Bitcoin has crossed an important psychological threshold here in the USA.

[00:02:59]The conversation is no longer whether Bitcoin belongs alongside traditional assets. For millions of Americans, that decision has already been made. This isn't the end of Bitcoin's adoption story. It's the beginning of a completely new era. Now, let me show you why this isn't just another statistic.

[00:03:15]It's the beginning of something much bigger. This speaks volumes. Right in front of you, it shows more Americans own Bitcoin, 18.6% than gold at 10.8%.

[00:03:26]Clearly, and this data is brought to you by River, so this is legit. I know a lot of people wouldn't expect that there would be roughly 50 million adults in the United States of America that own Bitcoin, but it's proven. Literally 18.6% of adults here in the USA. Whereas gold, it's only 28.8 million adults. Also consider gold is a very common jewelry, is it not? I'm rocking a gold chain on my neck right now. But yet, people are still more interested in Bitcoin. Now, I want to ask the question, why do you think Americans are more interested in Bitcoin? And I'll give you my theory.

[00:04:02]First and foremost, it's superior in any way you can measure it. As far as a true store value asset, Bitcoin has the finite limited supply. Whereas gold, they'll continue to mine more out of the earth, increasing the supply, which obviously reduces the price, which means the price mechanism can be controlled in which it has been. There's a reason gold was stagnant for such a long time. It more recently started to take off and it has corrected a lot back, losing a lot of its, you know, price appreciation over the past year, but nonetheless, it was stagnant for like an entire decade.

[00:04:35]That's because the people that control the world can control the gold supply and how much they release each and every year. Gold has relative scarcity.

[00:04:42]Bitcoin has true scarcity. And that is a massive difference. Bitcoin is the only form of money and the only asset in the world with true finite scarcity. You can never print more. It's hard-coded. 21 million millions of coins lost forever.

[00:04:57]Now, outside of that, what's a better store of value in your opinion?

[00:05:00]Personally, I don't want to use gold as a store of value, knowing what they did in 1933 via the Gold Seaure Act, right?

[00:05:08]They made it law where gold was illegal and you had to turn in your gold and if you didn't, you'd go to jail and have to pay hefty fines. What's to stop them from doing that again? Cuz anything physical can be seized from you. Bitcoin unconfiscable, unequitable, and as Mike Tyson says, impregnable. You know, I had to throw that in there. And there it's borderless, permissionless. The transaction is the settlement. Best of luck trying to use gold in an emergency to purchase some food at your local grocery store. But nonetheless, Bitcoin's only going to continue to outpace gold in my humble opinion. And the crazy part is the gold market cap is like what I say 26 or 27 trillion as of today, whereas Bitcoin is 1.3 trillion.

[00:05:49]So what has more upside potential? The clear winner is Bitcoin. That is why Americans are bullish on Bitcoin over gold in my opinion. But let me know your thoughts. of course in the comments.

[00:06:01]Now, check this out. Spot Bitcoin ETFs have brought in 930 million of inflows over the last 6 days. This is significant because we've had a lot of outflows since reaching the all-time high back in October when we hit the 1263 current firmament. So, six consecutive bullish days for the institutions, which is always a good sign because they have a lot of power in the markets. That means the investors are accumulating. They're not selling.

[00:06:26]So, inflows are always a good thing. and we have almost a billion worth and we ain't seen these numbers in quite some time now. Also, Fidelity just announced buying another 23.11 million worth of Bitcoin. So, the world's largest asset managers continue stacking. The whales continue to accumulate. Here's a great example in this chart. Just then, Bitcoin long-term huddler supply hits a new all-time high.

[00:06:49]It seems like it's hitting a new all-time high virtually every week because it is. Long-term huddlers continue to stack. These are the people with conviction. They don't need for Bitcoin to be at an all-time high to continue stacking SATs. They're just going to stack SATs regardless. It's the the retail folks who become skeptical when Bitcoin's correcting. They rather pay double the price. When we're back in price discovery, that's your typical retail investor. Oh my god, great time to buy Bitcoin. No, the great time is at the discount. It's a BOGO. Buy one get one. However, institutional mindset and whales think a lot different than your typical retail investors. And that's why retail always typically gets left behind. It just is. Now, this just in.

[00:07:33]Here's some updates regarding the Clarity Act. Big news here. Senate Republicans release updated Clarity Act text that bans the president and covered officials from issuing digital assets and requires them to sell their crypto holdings or put them in a blind trust.

[00:07:48]However, I think the loophole is their family. So Trump can just have Baron do it all. That's my understanding. So we do have the text which is official. Some more updates on the Clarity Act.

[00:07:58]Coinbase CEO says the Clarity Act is ready for the full Senate floor vote.

[00:08:01]The bill represents a true bipartisan compromise with thousands of hours of work on both sides and it couldn't come at a better time. Here's the update from Brian Armstrong.

[00:08:10]>> Hey y'all, Brian Armstrong here. I'm back in the capital working to get the Clarity Act passed. Now, this bill is at the one yard line and it reflects a ton of work from both sides of the aisle to get to a true compromise. You have to remember that the status quo is not serving anyone in the US right now.

[00:08:23]There's no federal laws. We've seen bad actors like FTX harm customers. This bill is an opportunity to cement the consumer protections and get America back on the forefront so it can lead in this industry. It also gives a lot of powers to law enforcement to root out bad actors. So, thank you to all the Stanley Crypto members who've contacted their representatives. I think over 800,000 contacts have gone out now and we with fingers crossed I think in the next few weeks we have a good chance of getting this bill to full Senate floor.

[00:08:49]>> There's the update from Armstrong and I got some more Clarity Act updates as well. As you can see here, this just in Kevin Kramer talks Clarity Act on Fox.

[00:08:58]He says the biggest issue is waiting for the Democrats to read the new amendments relevant to the ethics piece. We got to get this signed before the August recess. This is our window of opportunity. Senator Cynthia Lumis just confirmed the Bitcoin Clarity Act has strong Democratic support. She says, "I want to thank my Democratic colleagues for their important contributions to this draft. Consumer protection and pro-novation policy aren't opposites.

[00:09:23]The bill proves it. Bipartisan momentum is building fast. Cryptoclarity is coming soon." And I'm not going to play more video clips on clarity because we already played a few, but she does address it on Fox Business as well. The bigger picture is there's a window open right now for this to move forward and get signed by the Senate and by the president and be moved into law and that's what we're awaiting right now.

[00:09:47]The odds of the Clarity Act passing into law this year just spiked on poly market to 53%.

[00:09:53]You know, so in the words of Jim Carrey was it in Dumb and Dumber? So you're saying there's a chance there's a damn good chance. You notice it's up 22%. So it looks like this is going to move forward. I'm pretty excited. Let me know if you think it will or if you think it won't and that America may fumble and we'll get left behind and maybe President Sh and Putin will take over the world like a young pinky in the brain. Let me know your thoughts. Also, this is interesting. Shareholders of Mark Mossback British Bitcoin Treasury company Satsuma Technology has voted to sell all of its remaining 668 BTC, return capital to the shareholders, and shut down the company. It just goes to show you it's not as easy as it looks to create what Michael Sailor did with strategy. I think what happened when Bitcoin was booming all-time highs and strategy is at all-time highs. Michael Sailor's company is just thriving and he can do no wrong. A lot of these other copycats were birthed trying to follow in Sailor's playbook. But when there is a bare market and a massive correction, things can go south. you know, they don't all have the same capital or ability or intelligence as Michael Sailor. Michael Sailor's been there, done that. He's been surviving bare markets since 2020. He was the first publicly traded company to put the Bitcoin on the balance sheet. So, it's probably nowhere as easy as it looks.

[00:11:18]And that's why you're seeing a lot of these companies starting to fail and go under and in this case return the capital to the shareholders. So, another one bites the dust, which just means I guess that would make Micro Strategy that much more attractive to investors.

[00:11:33]No, but personally, I'm old school. I say just hold the underlying asset. I don't really understand the desire to have exposure to Bitcoin through a rapper. I understand there could be more upside potential because it's a leveraged play. My understanding is MSTR is virtually 1.5x leverage Bitcoin position. So when Bitcoin is doing great, Micro Strategy does a little better, the stock. However, what's the risk? When Bitcoin's crashing, Micro Strategy is going to crash even worse.

[00:12:02]So it's higher risk, higher reward. I say hold the underlying asset.

[00:12:06]Otherwise, you're defeating the purpose of why Bitcoin was invented in the first place to circumvent the intermediaries, the third parties, the banking cartels, Palm Beach, Pete, and Jeffrey Epstein and his clients. Just saying. Also, Russia just approved a bill legalizing Bitcoin for crossborder trade and they also just released their clarity act which just got approved. So, they're a step ahead of the United States. The bill heads to President Putin's desk for final signature. So, who's going to sign first? Is it going to be the United States with our clarity act or is Putin going to move forward and put the signature on this crossber trade? Also in the headlines, uh, the government of Bermuda just announced live on Bloomberg they'll put their entire economy on chain. Countries are adopting Bitcoin and crypto at lightning speed. America cannot be left behind. How many times do we hear this? Adoption is moving forward, not at a stalemate like in the United States. In other parts of the world, uh, Bermuda obviously doing big things. We got Russia. So, the nation state game theory is playing out. We need this clarity act. That way we can finally stockpile this 1 million Bitcoin which they're proposing in the Bitcoin strategic reserve bill and hodling for 20 years because I'm highly doubtful other countries are just going to sit back and watch. That's why you have Russia moving forward with their adoption. You know, President Xi probably doing whatever they're doing with the Chinese Communist Party and uh other major players. You know, also in the UAE, uh there's a lot of sovereign wealth funds adopting Bitcoin. We now know there's roughly 40 countries establishing strategic Bitcoin reserves or structuring it right now in real time. That's according to uh Coinbase. I shared that with you guys last week. So things are moving forward. I believe those who don't embrace Bitcoin, they're doomed. They're just going to end up paying a lot higher prices later and having minuscule stack compared to what you can get today. Think about that.

[00:14:02]Bitcoins at a discount $66,000.

[00:14:05]I think if the United States was even more bullish, they should have already stockpiled 1 million maybe before even making the announcement. Just do it and then show it to the rest of the world, you know, cuz you want to frontr run everyone else. You don't want to give your plans away to thy enemies, which is how governments perceive one another if they're not allies. So, you don't say, "Hey, here's our bill. We'd like to buy 1 million Bitcoin." And then just sit on it for two years, which is what we've been doing. Because then you're showing your hand. It's like poker here, look at my cards, you know. Oh, perfect. Now I know exactly what they're going to, you know, the cheat code and just make moves silently and uh front run the rest of the world just like Sailor front ran the rest of all the corporate treasuries.

[00:14:50]But with that being shared, Joe, let's move on to our next segment of the show, which is OG of the day, Jack Mers, 21 CEO announced stepping down. He did a heartfelt video, which is 4 minutes and 22 seconds. We're not going to watch the video, but I'm going to just give you the update from his post and then I'm going to talk about it. He says, "I've decided to step down as CEO of 21. This wasn't an easy decision, but it was the right one. This experience brought tremendous clarity about who I am and what I want to build. My life's work remains Bitcoin. My company is Strike.

[00:15:21]The work continues." Now, I'm going to give you some of the comments, including my own, on the post, and then I'm going to share some more insights on my true thinking behind this. I put respect Jack very smart to step down from doing business with Epstein's former neighbor Howard Lutnik and the client list. This says a lot about your character. As we know, birds of a feather flock together, and I do mean this sincerely, and that's why he's OG of the day. I respect people who maybe have made a bad decision, but then they correct it. And I'll tell you why I think that was such a bad decision. But first, Simon Dixon had a great comment as well. Jack met the financial industrial complex. They wrapped Jack into a security. I explained publicly what that meant. Jack publicly disagreed with me. Now Jack has walked away from the FIC. More should do the same. Well done, Jack Howard Lutnik.

[00:16:12]Nice try. And I'm going to give you another one of my comments cuz Tammy was kind enough to respond. Amen. That's exactly right, JV. I put, "Thanks, Tammy." Yeah, it just doesn't make sense to align yourself with people like that, especially when you're already worth an estimated 50 to 100 million at some point. Character has to matter more than another business deal. So, put yourself in Jack's shoes. Why would you want to align yourself with people who are compromised? Why would you do it? You already have a successful Bitcoin company producing Bitcoin products that people love, which is Strike. You know, I'm a I'm a fan of what he's doing. I'm a big fan of Jack Mullers. I've never been quiet about that. I've always said my favorite Bitcoiners are Max Kaiser, Michael Sailor, and Jack Mers. That to me is the holy trinity. You know what I mean? Jack being the the younger uh generation, he's been in Bitcoin for like 14 years. He got in very early. So, his net worth is estimated on Google to be 50 to 100 million, potentially more.

[00:17:10]So, why would you even want to align yourself with these types of shady characters who are ultimately going to control you at some way, shape, or form?

[00:17:18]To me, what good is wealth if you don't have freedom of speech and being able to follow your heart? Because you're going to be restricted on what you can say and what you can do. So, I'm very glad that he decided this wasn't in his best interest and that he stepped down. And that's why I say Jack Mullers is OG of the day. Now, for tart of the day, Elon Musk tweeted June 24th, 2021, "How many Bitcoin maxis does it take to screw in a light bulb?" And then he put, "That's not funny. Bitcoin maxis." So, I put the real joke was Doge/Bitcoin chart. I mean, speaks volumes right here. Dogecoin trending towards zero against Bitcoin since Elon made that [ __ ] tweet. Hence why Elon is [ __ ] of the day. Dogecoin is a scam just like Trumpcoin, Melaniacoin, Hawkucoin, and all the other scams that come before it.

[00:18:10]In my humble opinion, I'm sorry, but Elon Musk is just downright creepy.

[00:18:14]Agreed. Elon is a demon with Jamie Damon. Scaming with the seaman.

[00:18:18]Precisely. Quick question. If you had to choose just one for the next 20 years, Bitcoin or gold and why, drop it right down below. And if you enjoyed the video, hit the like button and subscribe because by the time everyone notices, it'll already be too