00:00How do you expect the asset to continue a price increase at these levels that we've seen?
00:07I mean, can it keep that up over the next five years, over the next 10 years?
00:11And at what point do we see winter coming again?
00:15Because that's been a permanent fixture of this asset class, right?
00:22It's gone from $1,000 to $20,000 and then back down to $3,000 or $4,000 and then up to $50,000 and then back down to $15,000 and now up to $1,000,000.
00:32Like, when does it drop again?
00:35Winter's not coming back.
00:37We're past that phase.
00:40If Bitcoin's not going to zero, it's going to a million dollars.
00:44And you have all the evidence you need to determine that, right?
00:47The President of the United States has determined he supports Bitcoin.
00:50The Cabinet supports Bitcoin.
00:52Scott Pesant supports Bitcoin.
00:55Paul Atkins has shown himself to be an enthusiastic believer of Bitcoin and digital assets.
01:01Kintez at CFTC feels the same, Ray.
01:04The banks are going to custody Bitcoin.
01:08Bitcoin has gotten through its riskiest period.
01:12The accounting has been corrected.
01:15There's now only 450 Bitcoin a day available for sale by natural sellers.
01:19That's the miners.
01:20At this level, that works out to about $50 million of Bitcoin available for sale every day.
01:26If that $50 million is bought, then the price has got to move up to find any seller that's price sensitive.
01:34Now, if you do the math, you'll actually see the Bitcoin treasury companies by themselves are buying the entire natural supply.
01:42BlackRock and the ETFs are buying another measure of that.
01:47And we've got nation-state actors coming into the space.
01:51So I think when Bitcoin rallies, if it surges to $500,000 or $1 million, then maybe we could talk about it crashing down by $200,000 a coin.
02:03But at the current price levels, it only takes $50 million to turn the entire drive shaft of the crypto economy one turn.
02:11And you've got the Trump media organization announcing $2.5 billion.
02:15You've got GameStop announcing $500 million.
02:18You've got my company that's raising billions and billions of dollars.
Be the first to comment