Saylor New Product Just Did Something Hard To Believe...

Added: 2026-05-13

[00:00:00]One of Sailor's products sold enough today to basically take the entire daily supply of Bitcoin. Jack Dorsey's block increased their holdings to just over 9,000 Bitcoin.

[00:00:09]>> If the day Sailor sells, it drops to 60K, 55K, whatever. Like that's people hopping in. That number is not represented anywhere in the data. It's only represented in sentiment. And sentiment is not telling you the whole story there.

[00:00:23]>> Anything you are buying right now is a rounding error. if you're sweating like as a Bitcoiner. I think Joey's right like there are people on the sidelines waiting for that that one big dip, right? It's the wrong mentality.

[00:00:37]All right, back in. Uh just want to tee up first off, who's our mystery buyer?

[00:00:42]Not too much of a mystery. Somebody familiar that's been stacking SAS for a time there, but uh Jack Dorsey's block um increased their holdings to just over 9,000 Bitcoin. I mean it sounds you sit next to sailor it's seemed like >> 8,000 Bitcoin. Oh lord.

[00:00:59]>> Yeah. Yeah.

[00:01:00]>> In all fairness >> I remember my first beer.

[00:01:04]Jack Jack's [ __ ] awesome.

[00:01:06]>> Yes.

[00:01:07]>> What I do love about them though just quickly on that point is that I think it's a really good model for like everyone else going forward because the treasury is not the strategy for the company. They have good products and services. That's what they're going out there and they're just saving in Bitcoin and relentlessly doing so. So, I think it's a very would say reproducible model for basically every other company out there.

[00:01:26]>> Yeah, I kind of I I kind of almost prefer this like just be good at something and then and then stacks ads.

[00:01:33]I feel I feel like that's a pretty good recipe there. But, uh, nonetheless, they added 149 coins for 12.6 mil. Um, and they're profitable. Look, they gross profit rose 27% 2.9 billion uh driven by strong growth from Cash App and Square Loans. So, fair enough. Uh, now outside of this, of course, uh, we have, um, Michael Sailor. He did, uh, they took a little, uh, took a little breather from buying Bitcoin, but, uh, it would appear they're back in the ring. Uh, they just bought another 535 Bitcoin for 43 mil.

[00:02:11]Uh, so stacking again. And then it was STRC. Uh they sold enough of it today to theoretically absorb the entire daily Bitcoin mining supply. Um you can look over on what is it stc.live.

[00:02:26]It shows kind of their accumulation over the over the uh the course of the day and you can kind of look at the heat map there and see everything. I'm not a big uh again STRC guy myself but uh hey some people might be interested. Now outside of this uh Bitcoin reason also that we're kind of beginning to peak up again uh highest uh highest since January in terms of price uh following strongest stretch of weekly ETF inflows since last October.

[00:02:55]Um and then on top of that if we're looking for like a a nearterm kind of resistant kind of ceiling um we can look to around 85k. Why that level? Um that's kind of the active realized price. So it kind of tracks onchain. So the active bitcoin that does move around non-dormant supply uh they kind of calculate the cost basis that that bitcoin is assumed to have been purchased at and that sits around 85k.

[00:03:29]So, um, possible that, uh, we may see some people selling off then as they break even. But, um, I mean, for those Bitcoiners that, uh, just stack and hold and, uh, spend and replace, nothing to worry about. Continue as normal. As if I hadn't even said a goddamn thing. Uh, gentlemen, I'll go to Joey here.

[00:03:52]Thoughts?

[00:03:53]This is all, by the way, uh, before the Morgan Stanley ETF goes live. So, we talked about that a while ago. They have like, you know, some number with a bunch of zeros. AUMum, they don't have to deal with the friction of going to a provider. They can issue that, you can they can issue themselves and uh, hold themselves and all these different things. Money maker, man. Uh I would also point out u for people who are interested in dunking on the Ethereum crowd at the same time Bitcoin is having like these not record inflows but really nice inflows for the last you know six seven months uh Ethereum basically a flat zero more or less uh which >> good >> it's a tough it's really tough man because those guys like >> I'm shocked >> can you believe it they had the bankless guys things are so bad over there they had to have sailor on like how does that make you feel if you're an Ethereum guy listening to bank list, you know, like you you every week you try and get the the scoop on the latest Discords where people are ripping you off, the latest uh NFTts where people are ripping you off, the latest bank list where you're, you know, getting notifications in the corner of the video about the newest 30% yield bearing thing, also ripping you off, by the way. And the price of your token is the same as it was six years ago. The two most famous guys in your space are allegedly now sliding into Bitcoin in their personal holdings. Uh, and the le the latest guest, probably their best performing episode of the last three years is Michael Sailor. Talk about a dunk in terms of like the market broadly. Remember we used to say sell in May and go away years and years ago, right? Uh, is that going to be the case this time? Honestly, I doubt it. It seems to me like people are really piling into this thing now in a way that they weren't before. I don't know what, you know, what role or what sort of um yeah, we'll say what role retail plays in that. Retail investors love buying [ __ ] It doesn't matter what [ __ ] they're buying, they're always buying something. And so that drives indexes up. And we are, I think, at least in part related to the the price like the S&P and specifically the MAG 7. You may not agree with that or not like it, but this is what the the data says and what the back testing says. I I don't have a problem with any of this. This is great.

[00:06:03]We're supposed to be in a dead zone right now. We're allegedly in a recession. Uh gold is, you know, not moving. We haven't caught up with it yet. And all these other all these other sort of factors are leaning in our direction. What's not to like here? You should be you should be buying anyways.

[00:06:18]But if you're not buying now, like don't bother buying another time because you can't be helped, man, if you're if you're not accumulating at these prices at this moment.

[00:06:27]Can can I give you a uh an anecdotal thing mostly in relation to uh just just like people people starting to peek up and gain interest in Bitcoin? I've had a a actually a few people begin to kind of poke and and and ask oh like >> curious about what you're doing >> poking you >> uh a number oh many many people. Uh but poor Lisa.

[00:06:53]>> Uh the other thing I know she's left out. Um >> always suffering.

[00:06:58]>> Um the other thing that I found kind of funny. So, we've got this SAT market group that we we do our uh uh twice yearly market and everything. And uh a guy uh in in the group, a few people were seeking out specifically my barber so that they could go get haircuts. And they went and like went across town to my barber to pay the dude in Bitcoin for a haircut the other day. Total win.

[00:07:25]Total win. I feel >> reported it to the relevant tax authority.

[00:07:28]>> Yeah, of course.

[00:07:31]has been made aware of.

[00:07:32]>> Yeah. Yeah. There everybody's listed.

[00:07:34]Every agency is listening to this uh video right now. So now it's been reported. He told me to do. So >> quick note on the sell and sell in May and go away thing that you mentioned, Joey, because Eric Balcon is just stuck with me and I just double checked it. Uh he posted this like at the end of April.

[00:07:49]Uh he said, "It may be time to retire sell in May forever. It made sense when 19th century London's money elites swap trading floors for a summer estates but 21st century algo driven markets that never sleep have undone that adage. The S&P 500 spy >> has been positive in 25 of the past 33 May October periods with only 2022 negative in the last decade. So that like again like some of these thing, you know, there's there's certain old adages that ring true today like time in the market versus timing the market. Like that's still very relevant for Bitcoin.

[00:08:24]Very useful advice. The whole selling may go away thing. Like it's a nice rhyme. Like maybe my son would enjoy it, you know, like and like, hey, sell go away. But like, you know, maybe you shouldn't like plan your life around that. You know, you should just be stacking SATs like when it's cheap. And it's cheap right now.

[00:08:40]>> Agreed. Brandon, I kind of want to get your thoughts on this because one thing that's stick why when I went and looked at the bank list channel and yeah, views are down which could just be YouTube.

[00:08:46]>> No [ __ ] By the way, they're not just not just down >> testosterone's down too. Am I right guys?

[00:08:52]>> Unbelievably low tea. The guy [ __ ] >> the other thing I would say is that like I know we have a lot of friends in Bitcoin who are like making like daily slop. I'm not going to mention names, okay? But if you look even at the daily slop the daily slop channels also not doing well like compared to their history, right? And I I love seeing this because it's a maturing market. It's maturing market participants and no one has time for quick cuts, big- time graphics. Like they want sub substance, right? The numbers on this show prove it out. And I I'm happy. I'm here for that, man. Big time.

[00:09:28]>> No, I completely agree. I love it. I love it. But Brandon, I want to ask you because one of the things that I I'm kind of cur curious about going forward, your outlook on this. Like one thing that still kind of bothers me, doesn't really bother me. I just find more of like a curiosity is kind of from two fronts is we have all this relentless buying pressure and then you've got what is it Morgan Stanley coming up here in a bit too. We don't really see movement in the price, but I'm starting to wonder like even if we had like a black swan event go the other direction, do we have really lower to go? Like could we go down? We maybe go back to 60K, but we feel weirdly in this kind of just holding pattern. And I'm looking at the bond market. I'm looking at the Treasury market. I'm thinking about Worsh coming in here. I'm thinking about midterms coming up here. It feels to me a little bit like beachball underwater and post summer like we might just be ripping.

[00:10:10]But I'm curious your interpretation with like Sailor relentlessly buying with Stretch giving them more and more cash to go there and buy more but not seeing really breaking up much above. How does it feel for you? What do you think?

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[00:12:11]>> Yeah, I mean, I couldn't agree more. I I I I've been put my flag in the ground and said, "Yeah, I think the next two months are critical." I think that there is an element of the people in government right now running the administration there. There might be some people that are smarter than than me, uh smarter than than a lot of people, and we we just tend not to give them credit because they are politicians, which I don't I don't trust any of them. Um far that I can throw any of them. It doesn't matter who's in in office, but there might be something there there. And and to me the again the next two months are huge is critical because again it's going to show us again the game supposed to play out. So it doesn't mean that the best laid plans you know once the first bullets fired which literally figuratively uh things can change. So so we shall see whether the ceasefire is going all this stuff.

[00:12:56]But in the macro when you zoom out again whether it's war I I I think they're trying to get the Fed under control. I I think they're trying to literally wrestle it and back into Treasury. Like I just he Trump said it like a week or two or a couple weeks ago. He was like, you know, wink wink, haha. Like joking about it. Like he might just be sitting the office of me because the the Fed the whole, you know, slapping Paul on the back of the head with his hard hat on.

[00:13:15]It's like he's looking at the numbers like, "Wait, what?" Like the numbers are what? And um you know, he he Trump was like, "Was that Trump, you know, setting it all up for like, oh no, well look, the the Fed is not here. It's under construction. He literally has to sit next to me." And then he joked about it the other day, like literally two weeks ago. I you can't make this stuff up. So again, was that set up or not? Who knows? But it just did it work out just to be the case. And then, you know, yeah, maybe. So, I think part of it too is you look back when you zoom out, I've been looking since the '08 crash where like when is this going to deadcat bounce? Like, I think we're still in a deadcat bounce, you know, like we the thing went down in08 and they've just been papering over it, spraying currency into the air at nauseium. We're at the hockey stick part of the curve where the shaft meets the blade. For a lot of you people out there, they love they love that. People love that analogy. Love it a lot.

[00:14:00]>> They love hearing shaft >> the shaft. They love the shaft and the blade thing. And so, we're we're at that, boys. and girls, you know, and we've talked about it here too with the 20 what was it '05 06 it was like 5 67 trillion the the debt now it's almost 40 trillion and that's in 20 years I think one of you guys looked up the other day and in 2016 10 years ago it was like 19 so it's doubled the debt is doubled >> I think yeah >> absolute clown world so where do we think it's going from here and so again when you then when you zoom back into the micro yeah they're trying to wrestle control of the treasury they're doing the the city of London thing they're trying to do all the the the shenanigans whether it works out or not who knows He might get impeached. It might not work out. He might get peached 300 times, you know, a year from now. So, we'll see.

[00:14:39]But I I do think that the the crash I think we're going in from like a creeping inflation to a walking inflation to a hyperinflation and that's it at the end of the day. And and Jor from 88 Sats Radio. I was talking to him this morning. We were doing his thing and and he looked up the USD to Bitcoin, you know, chart, which I haven't looked at in a while. And when you zoom out to Max, what does it say? It says down 100%. Bitcoin, the dollar is down 100%.

[00:14:59]It says it on the Google the freaking, you know, search it right now. Boom.

[00:15:03]It's down 100% in the last 17 years against Bitcoin. And I think at the end of the day, we're already at hyperinflation that people have chosen.

[00:15:09]We're just at looking for the saturation point. So people always ask when are we going to get to this point like is it 10 million people of U of Bitcoin? Is it 20 million? Is it 1 million? When people say ah Bitcoin is the answer. I just think we're look we've been looking at it wrong. The the market's already chosen. It's just how many users do we get to the network where all of a sudden as we many of us know here the hyperinflation part is trust being gone in the government currency. So, we get to a certain amount of people that have jumped off the Titanic. You've can now come to Bitcoin and that's that the old test of the paper towel with the marbles on it and they drip in the water. How many drips does it take? Where the saturation point hits and boom, the marbles falls through the paper. That's where we're at. And so, we're just like waiting on our hands and knees like when is it going to happen? Because it just it takes 17 years, it takes 20 years, it takes 35 years for these things to play out. It takes a while and then all of a sudden boom and you look back and you're like, "Oh, it happened overnight." Like that was like what do you mean? And it's like, no, it took a while because we're here debating and arguing when is it going to happen? Day to day and everyone's, you know, yelling at each other. A ship's passing in the night and it's like you just zoom out. You're like, it's only going one direction, guys. So, here we are.

[00:16:11]>> Okay. One quick thing to add to that, Brandon, that I I really like and I was going to say it after Walker, but I'll say it now because it makes sense to do it. Uh, the the threshold of people who understand that this is the place to be, right? I think that number is actually way bigger than the number of people who own Bitcoin. And one of the the signs of a maturing market is that on dips, people no longer think zero. They think opportunity. And so all these people who have been talking about, oh, it's too expensive. I can't get in. Can't get in.

[00:16:37]They just [ __ ] might. If you get another 20% dip, if the day Sailor sells it drops to 60K, 55k, whatever, like that's people hopping in. If if Iran, you know, has another issue and there's another blowout over there, that's another opportunity. And I think the number of people, it's not, that number is not represented anywhere in the data.

[00:16:57]It's only represented in sentiment. And sentiment is not telling you the whole story there. People don't want to be wrong about this in public. But I bet you people jump in on the next uh the next big dip. It's an opportunity, not a sign that this thing is headed, you know, lower, lower, lower like it has been in the past.

[00:17:13]>> Beautiful Walker.

[00:17:15]I >> I would just say to go off what what Brandon said, it's like we know where this thing is going. Right? We know it's going up and to the right forever with volatility. Whether you subscribe to uh Lawrence Aparid's big print thesis, check out the audio book. I narrated it.

[00:17:30]Uh or or Lyn Alden's gradual print thesis, nothing stops this train. Again, to quote Lyn Alden and Walder White, right? So, the idea is like we know for a fact they have no choice. And I'm not just talking about the US. I'm talking about every government in the world that issues their own fiat currency. Like people forget this too. It's like, "Oh, the dollar is going to collapse." It's like, you know what's happened already?

[00:17:55]If the dollar has collapsed, every other one of your [ __ ] hole fiat currencies has collapsed before it. I guarantee it.

[00:18:01]Maybe except for the Swiss. The Swiss Swiss Switzerland is the only first world country, right? The rest of us are just like >> So he Yeah, it it's it's true though. Um and the reason may shock you. Uh but anyway, um the point >> Did you notice something?

[00:18:17]>> No, I didn't know. I noticed some things when I was there. Um, the point being the US is the skinniest kid at fat camp, right? I've said this before. The pre- source is the glue factory. Whatever you want to say. Uh, the point is they have no choice but to print. We we know this like right unless your thesis changed around governments/ central banks need to continually debase the currency forever. Like unless suddenly you got some new piece of information that made you say, you know what, I think they're actually going to be fiscally and monetarily responsible now. I think they're I think they're going to rein it in. I think like I think they're going to make sound money again with their fiats. Unless you think that you necessarily must believe that they will debase and debase and debase and debase add infinitum.

[00:19:05]If that is the case, many assets will benefit, right? But there are a couple that will really benefit. Gold will do gold will do pretty well, right?

[00:19:14]>> So if you want to lug that around with you, more power to you, right?

[00:19:18]Bitcoin will benefit the most. It is the fastest horse in the race. And so again, unless you think that governments are going to out of the blue get fiscally and monetarily responsible, they're going to rein it all in. They're going to stop doing what they've been doing forever because they have the power of the big red button to go print print.

[00:19:40]The choice is really easy right now.

[00:19:43]It's not going to matter in 5 years if you bought at whatever 82k as it is right now or if it dips down to heaven forbid 60k or 58k gang who I would I hope 58k gang gets hit just for the mimemetic potential. It's not going to matter. It's going to be a rounding error just like every dip buying opportunity in every prior cycle. If you believe in cycles whatever we don't have to get into that go back four or five years. Anytime you bought was a rounding error. Go back four or five years before then. Anytime you bought was a rounding error. This will continue. Anything you are buying right now is a rounding error. If you're sweating like as a Bitcoiner, I think Joey's right. Like there are people on the sidelines waiting for that that one big dip, right? It's the wrong mentality. This is the dip. You're in the dip right now.

[00:20:28]You're We've been in the dip. You just have to take that opportunity. And to those who do, like you will see Valhalla, right? But you will be living as you see Valhalla. will suck with the gods and it will be glorious and respplendant to those who don't >> I don't know man enjoy [ __ ] being a slave >> Brandon.

[00:20:48]>> Yeah. Yeah. Oh, sorry Ben. Uh really really quick coming from the the world in real estate that this I was looking for this crash. So thank you for Joey for bringing this back as I of course I went on 10 tangents. The the I was waiting for the dead cat bounce but we're living in the extended dead cat where it's going to crash at some point.

[00:21:06]the invisible crash is happening and that's Bitcoin when you measure it against hard assets the dollar what's happening the the crash is there it's called an invisible crash but there could be a nominal crash potentially in the sense of what people have been waiting for what happened 08 to 2012 and you had a nominal crash but what are they going to do it's what Joey said it's what Walker said just to edify that even more they're going to spray I mean they're going to spray so much currency into the market you look at student loans you look at AI just UBI in general all that I mean we're that doesn't account for more wars that doesn't account for any black swans the system freezing nothing. I mean, so you think about the amount of currency to Walker's point again, the hardest asset being Bitcoin. It is the only it is it is the beginning and it is the end. The old order is gone. The you look at PE ratios and cap rates, all that completely blown out. I mean, how many people have been talking about that for so long? Warren Buffett would talk about this for forever like, well, I'm not getting into tech. I'm not doing P's are way over.

[00:21:56]You know, how many people have talked about this and the old order is gone in so many ways and the sell all of it.

[00:22:02]It's gone. It's gone. They're going to print forever. You better have the hardest asset known to man because the social the palpability for it will not exist. You could kick 10 people 10 million people out of their homes 20 years ago because there wasn't really social media. Can you imagine now Chase Bank kicking the Jones family down the street out of their house and foreclosing on them? Hell no. They're going to be people running up and down live stream saying, "Can you believe these mother effers kicking people out of their own killed that they k they killed that medical CEO? The guy walking out of the hotel. The guy they killed these people will kill you. the mayor of New York doing press conferences or doing YouTube videos outside of [ __ ] Ken Griffin's house saying this guy's a problem. They have no shame. They will kill you. They will protest. He will die.

[00:22:42]>> Insane. Yep. Ben, game over. Game over.

[00:22:44]>> Yeah. I mean, I I I have, you know, my my old circles of friends sharing videos of people with bullhorns yelling at billionaires saying, "Oh, isn't this great? Isn't this so fun?"

[00:22:55]Like, what the [ __ ] are you doing? This is not These are not >> from your acappella days. Yeah.

[00:23:01]>> This is from his Trudeau days.

[00:23:03]>> Yeah. Yeah. They they were one and the same, my friends.

[00:23:07]>> It's Sorry. I'm sorry.

[00:23:09]>> Yeah. No, although I would I I feel like I I need to uh get the band back together to do the uh Do you ever hear the Zoo Tongs uh hold for the longest time? It's like a a hold instead of who for the longest time. Like that whole thing. Do you think do you think anyone on this stream has heard that?

[00:23:30]>> I haven't heard it, but I know for the longest time obvious instead of saying woe, they say hold >> and that's the song and a guy just redid and then the all the verses are about Bitcoin. Anyways, I would I would probably need a few non-communist members to get that happening. But >> I know a baritone on stream that might be able to help.

[00:23:52]>> Although his voice is >> it's not a barberhop acappella. Maybe the wife would be into it. She's got a She's got pipes on her.

[00:23:58]>> There you go.

[00:23:59]>> Oh man.

[00:23:59]>> There you go. Yeah. Walker, have you ever done a uh uh what's it called? The the um >> Rusty trombone.

[00:24:07]>> That's not the term I was band camp.

[00:24:09]>> What?

[00:24:10]>> No, >> I wasn't I wasn't in band. I was homeschooled. Check.

[00:24:13]>> Uh I'm thinking of the music where all the Bitcoiners get together and make music. I can't remember what the event's called.

[00:24:18]>> Rockamoto.

[00:24:19]>> Rockamoto. Yeah. Have you done a Rockamoto?

[00:24:21]>> No. I just I fanboy for Joe Nakamoto in the audience and and Canute and Canute who puts the canute and van home. You know what I mean?

[00:24:29]>> Canoot Canute did guitar for me and I did uh and I did Creed Higher.

[00:24:34]>> Nice.

[00:24:35]>> Nice.

[00:24:35]>> That's good [ __ ] Me with a good time.

[00:24:38]>> We did it in RIA.

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