Bitcoin Reserves Hit Historic Lows as Institutions Load Up

Added: 2026-05-12

[00:00:00]Welcome back to Crypto's R Us. I'm George.

[00:00:05]We're all George. Saylor understands this. He even said this in an interview.

[00:00:09]That's why he continues to load up.

[00:00:11]Well, he's a billionaire already, so I don't think he has to worry about it, but the premise is the same.

[00:00:19]Load up.

[00:00:21]Stretch is a passenger jet, Bitcoin is a fighter jet, strategy is a rocket ship.

[00:00:28]And of course, Peter Schiff has to chime in and says, "The problem is all three will crash and >> [laughter] >> Peter Schiff still sitting on the sidelines.

[00:00:39]Still, I think he's really jealous of Saylor. I mean, that's the only way to put it. He's really jealous of Saylor.

[00:00:46]He thought that Saylor would fail.

[00:00:48]He thought that this strategy would not work, and it's working brilliantly, and strategy continues to buy more and more Bitcoin.

[00:00:57]And Schiff can't do anything about it other than try to troll.

[00:01:06]Uh what else? Bitcoin exchange reserves hit lowest level since 2023.

[00:01:17]Nearly 100,000 Bitcoin were withdrawn from three exchanges in under three months.

[00:01:26]Binance recorded the largest decline falling below December 2023 the reserve level. So, bottom line is Binance, OKX, Gemini seeing massive amount of withdrawals.

[00:01:40]And that's why reserves continue to go down.

[00:01:43]Okay? That is good.

[00:01:47]Very, very good. But, if you look at all the exchanges, not just these three, if you look at all the exchanges, the overall supply on exchanges have fallen to very low levels, like 2016, 2015 levels. So, it's definitely happening.

[00:02:06]The supply shock is definitely happening.

[00:02:12]New York state retirement fund just bought 41 million more of strategy, which is basically Bitcoin exposure. So, obviously, this is why Saylor's able to do what he does, because people believe in his strategy, believes in strategy itself, and believes in stretch. That's why he's able to continue to do this.

[00:02:38]And people trust him. Even during dark times, people trust what he's doing.

[00:02:44]That's why he's able to continue to do it.

[00:02:50]Block buys another 149 Bitcoin.

[00:02:53]Now holding 9300.

[00:02:56]That is awesome.

[00:02:58]>> [snorts] >> Coinbase themselves, even though they hold enormous amount for clients, they bought another 1100 Bitcoin.

[00:03:12]So, they're holding 16,500. I honestly feel Coinbase holds a lot more that they are not revealing, especially if like these older coins, like Litecoin, for example. There's a lot that they hold, unless they converted it already, because back in the day, man, Charlie Lee and Coinbase, all they did was mine Litecoin, and they held almost all of it. I don't know what they did afterwards, if they converted Bitcoin, but I I have a feeling they they hold a lot more than they reveal.

[00:03:40]But anyways, um you know, it's not just them, obviously, buying and holding Bitcoin overall, if you're tracking we're like over 1.2 million Bitcoin, not dollars, just 1.2 million.

[00:03:59]And that figure continues to go higher and higher and higher. And look at the Saylor tracker, that is not going to stop.

[00:04:10]You know, ever since here, the direction right here. You know, ever since 2021, he made some huge purchases. And now, there's a lot more dark dots than ever before.

[00:04:26]He's leading the way, that's for sure.

[00:04:29]And you know who else is leading the way for ETH?

[00:04:35]Tom Lee.

[00:04:37]Tom Lee says Ethereum price could reach $22,000, leading the next crypto rally.

[00:04:45]$22,000, that's like a 10x from here.

[00:04:49]Can that happen? You know, realistically, it sounds like it's far-fetched, but realistically, this could happen.

[00:04:57]Okay.

[00:04:58]Um if all the things align, which is what he's been saying, Clarity Act gets passed, stablecoins obviously widely used by all institutions and banks.

[00:05:11]And most of it is on top of Ethereum.

[00:05:16]That continues and you have RWA that's expanding, especially with tokenized stocks and treasuries and and yield and everything else. And that's on top of Ethereum.

[00:05:31]And plus, with his continued buys and more institutional buys, this could happen. It's not far-fetched.

[00:05:41]Now, if you said Ethereum could reach $2 million, well, that that would be impossible.

[00:05:45]Okay? But 22,000 could happen.

[00:05:50]Could happen.

[00:05:51]Uh in fact, if you look at like the overall supply stable coins, uh 319 billion, but 164 billion of that, you could see over here on chain split, is on top Ethereum. So, even though Ethereum and I mean Tron is pretty large, too, but if you look at everyone else, like Solana, BSC, hyper liquid base, Arbitrum, they're like you can add them all together, it's nowhere close. In fact, you can add them all with Tron and it's still not even close to Ethereum. So, Ethereum obviously dominates when it comes to stable coins.

[00:06:32]And that can continue too, because I don't know, you know, as America advances with stable coins, I don't know how many people are going to be using Tron for that, right? Like it seems like Tron is mostly used in Asia right now, but for rest of the world, it's it's Ethereum.

[00:06:51]>> [snorts] >> And in case you're wondering how Justin Sun and Tron is so rich, it's due to this.

[00:06:58]Because the fees they collect from the stable coins they're transacting on Tron. I don't know how he did it, but that's the one thing he figured out. He got so much usage on Tron and he's just collecting millions upon millions of dollars per day from the fees.

[00:07:16]Um in case you guys want to know that.

[00:07:23]What else? Ondo surged 50% in a week.

[00:07:30]Well, this just this relates to what I've been saying. Exactly, because people think Clarity Act is going to pass. All right, they're they're regu- regulated by the CFTC and BlackRock loves them. BlackRock loves Ondo.

[00:07:48]So, but I don't know. Some of you guys may not like that, but that's why I think Ondo will do well in the future.

[00:07:56]I think they will.