2191: Saylor Pushes Bitcoin-Backed Banks for Nations – Vivek Raising $500M for BTC

Summary

Podcast Summary

Podcast: Bitcoin News Alerts | Daily BTC News
Host: JV (Bitcoin News Alerts)
Episode: 2191: Saylor Pushes Bitcoin-Backed Banks for Nations – Vivek Raising $500M for BTC
Date: December 10, 2025

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Overview

This episode dives deep into recent macroeconomic news affecting Bitcoin, the latest public company Bitcoin acquisitions, the push for nation-state BTC banking by Michael Saylor, and shifting mainstream acceptance—including major moves from Vanguard and the state of Texas. Host JV maintains his signature blend of raw, candid analysis, high energy, and wry humor, focusing squarely on Bitcoin’s evolving place in finance and geopolitics.

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Main Discussion Points & Insights

1. Market Update & Fed Rate Cut (01:57–07:15)

• Bitcoin Price Action:
  • BTC hovered near $95,000, recently pulling back to $93,500.
  • The broader crypto market cap sits at $3.14 trillion, striving to reclaim the $4 trillion mark.
  • Notably, Monero led gains, up 5% in the last 24 hours.
• Sentiment & On-Chain Data:
  • Crypto Fear & Greed Index at 26 (fear).
  • Glassnode data shows Bitcoin is “trapped in a structurally fragile range below 100k”, facing persistent selling pressure, weak on-chain fundamentals, thinned futures demand, and a risk of forced selling if stress continues.
• Federal Reserve News:
  • The US Fed cut interest rates by 0.25%, the third cut this year—generally bullish for risk assets.
  • JV notes the Fed is “conflicted,” with a close 9–3 vote, signaling inflation and slowdown worries.
  • Quote:

    “Time is an illusion. I’m just saying. I’m getting metaphysical on you guys.” — JV (04:50)

• Spot vs. Futures:
  • Recent rally driven by spot demand, not leveraged futures.
  • Long-term holders still taking profits (~$1.3B/day), but significant realized losses point to market stress.

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2. Jack Mallers & 21 Capital’s Bumpy Public Debut (10:30–13:00)

• Overview:
  • 21 Capital, founded by Strike’s Jack Mallers, debuted on the US stock market via a SPAC merger.
  • Share price dropped 20% on day one, currently giving the company a ~$4B valuation.
• Business Model:
  • The company is the 3rd largest public BTC holder (>43,500 BTC, >$4B BTC).
  • Mallers asserts it’s “not a treasury company”—intends to offer products (brokerage, lending, exchange) with Bitcoin at the core.
  • Quote:

    “We see Bitcoin as the forest through the trees. It is the opportunity and no one is seemingly focused on it. The story of this equity is to focus solely on Bitcoin and deliver value to the shareholders primarily through Bitcoin.” — Jack Mallers, as relayed by JV (13:00)

• Public Market Context:
  • Many crypto-treasury companies are feeling market pain, with Mallers betting his “tether track record” and BTC conviction will sustain 21.

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3. Vivek Ramaswamy & Strive’s $500M BTC Raise (13:00–14:54)

• Strive’s Ambition:
  • Vivek Ramaswamy's Strive Asset Management announced a $500M stock sale to buy more BTC (approx. 5,000 BTC at current rates).
  • Strive is the 14th largest public BTC holder with 7,525 BTC (~$700M).
  • Shares up 4% on announcement, have doubled year-to-date.
• Broader Trend:
  • Continues the model popularized by Michael Saylor: using equity markets to fuel BTC acquisition.
• Market Impact:
  • Potential for more public company buying pressure, institutionalizing the “Bitcoin on balance sheet” trend.

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4. Texas Initiates Official State Crypto Reserve (15:00–17:00)

• First State to Buy Bitcoin:
  • Texas purchased $5M in BTC as a state reserve (authorized to buy up to $10M).
  • Comptroller Kelly Hancock says, “Our goal for implementation is simple. Build a secure reserve that strengthens the state’s balance sheet. Texas is leading the way once again.” (16:10)
• Commentary:
  • Texas gets first-mover advantage over Arizona and New Hampshire, which have passed, but not yet acted on, similar bills.
  • Lee Bratcher (Texas Blockchain Council): Over time, BTC volatility will smooth, benefiting the state’s finances.
• Nation-state & Institutional Adoption:
  • Other states (Wisconsin, Michigan) are investing pension funds in BTC and crypto assets.

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5. MSCI, Public Company Indexes & Saylor’s Defense (17:00–19:24)

• Proposed Policy Change:
  • MSCI may exclude companies holding >50% of assets in crypto from index inclusion, potentially forcing firms like MicroStrategy to divest BTC.
  • Saylor’s MicroStrategy submitted a letter strongly defending inclusion, arguing it’s no different from real estate trusts or firms centered on a single asset.
• Controversy:
  • Critics argue that BTC-heavy companies are more investment funds than operating companies.
  • Concerns about index volatility and correlation risk if these stocks track crypto prices too closely.
• Potential Market Impact:
  • If enacted, could create forced selling, hurt market stability.

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6. Vanguard Opens Doors to Crypto ETFs (19:24–21:25)

• Significance:
  • Previously anti-crypto, Vanguard will now allow its 50 million clients to trade approved third-party crypto ETFs (BTC, ETH, XRP, SOL) but not meme coins or unregistered tokens.
• Implications:
  • Adds huge mainstream legitimacy and accessibility for retail investors.
  • Host notes:

    “BlackRock and Vanguard are the two largest financial arms of the Illuminati. I’m just saying… The S&P 500, including strategy, look it up.” — JV (20:50)

• Industry Trend:
  • Follows BlackRock, Fidelity, and others, responding to massive consumer demand for regulated BTC exposure.

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7. Saylor Pushes Bitcoin-Backed Banking for States (22:00–27:25)

• Saylor’s Vision:
  • At the Bitcoin Mina event in Abu Dhabi, Saylor pressed nation-states to launch BTC-backed digital banks.
  • Structure: 80% digital credit instruments, 20% fiat, 10% reserve buffer—aims for high yield, global regulatory clarity, strong capital inflows.
  • Impact Quote:

    “A country offering such accounts could attract 20 or 50 trillion in capital flows. That’s a big deal considering the bitcoin market cap’s only 2 trillion. Let that one sink in.” — JV (26:10)

  • Saylor: Money in banks loses value; digital BTC-banked options could disrupt global capital flows.
• STRATEGY Update:
  • MicroStrategy bought another 10,600 BTC ($962M), now holding 660,624 BTC.
  • Host:

    “Pretty bullish when you have Saylor out there orange pilling sovereign wealth funds… so shout out Saylor. I say we give Saylor employee of the month status...”

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Notable Quotes & Memorable Moments

• On the Fed’s Rate Cut:

  “Given the hawkish label associated with the week’s rate cut, it’s possible the biddy price could sell on the news or remain range bound until a new momentum driver emerges." — JV (03:50)

• On Institutional Adoption:

  “Vanguard’s embrace of crypto reflects a broader institutional trend… Even traditionally conservative asset managers cannot overlook sustained demand for regulated digital assets.” — JV (20:10)

• Saylor’s Macro Pitch:

  "The CEO argued that a nation adopting this model could become the digital banking capital of the world." — JV paraphrasing Saylor’s Abu Dhabi speech (26:05)

• On Texas’ BTC Purchase:

  “Texas is leading the way once again and we’re proud to do it.” — Texas Comptroller Kelly Hancock (16:10)

• On Saylor’s Influence:

  “Give Saylor employee of the month status. I don’t know about Vivek. I give it to Saylor, but that’s just me.” — JV (28:53)

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Timestamps for Key Segments

• Fed Rate Cut & Market Analysis: 01:57–07:15
• Glassnode & On-chain Conditions: 04:40–07:15
• 21 Capital Debut & Jack Mallers: 10:30–13:00
• Strive’s $500M Raise: 13:00–14:54
• Texas Bitcoin Reserve: 15:00–17:00
• Saylor vs. MSCI Index Changes: 17:00–19:24
• Vanguard’s Crypto ETF Policy: 19:24–21:25
• Saylor’s Bitcoin-Backed Banking Proposal: 22:00–27:25

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Tone & Style

• Unfiltered, satirical, and irreverent: Lots of jokes about fiat, references to Bitcoin “maxis,” and playful digs at traditional finance and government.
• Maximalist: Focused solely on BTC, dismissive of altcoins and meme tokens.
• Community-driven: Encourages the audience to “stack sats, stay sovereign,” and celebrates Bitcoin’s anti-establishment ethos.

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Final Thoughts

This episode delivers a dense, lively rundown of the expanding institutional and governmental adoption of Bitcoin amid shifting macro conditions. JV spotlights the ongoing tug-of-war between legacy finance and the BTC revolution, from Wall Street listings to nation-state strategy, all filtered through a pure Bitcoin maximalist lens—with Sailor, Texas, and the broader institutional flood as the episode’s main stars.

Listener Takeaway:
Bitcoin is rapidly progressing from fringe tech to a foundational asset for institutions, corporations, and now sovereign states. Pay close attention to coming regulatory and index inclusion battles, and watch for more massive public and government BTC purchases in 2026.

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For the full video and Q&A, visit bitcoinnewsalerts.net

Transcript

[JV]

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The number one Bitcoin pod. Let me know if you're on our like 24 hour pump watch. Yesterday we rose almost to 95,000. Today they cut the interest rate, you know quarter of a percent. So lots happening in the markets. In today's show I'll be breaking it all down for you. Also Bitcoin firm 21 Capital drops 20% on their first day of trading. Yesterday they rung the bell with the stock exchange. Let me know if you saw that. Jack Mer's company partnered with Canter F Gerald Tether and all these juggernauts. Today the big news. Vivek Ram Suwanni strive just raised or in the process of raising 500 million to buy bitcoin. That's another half a billion acquisition income in also state of Texas officially launches new crypto reserve with $5 million bitcoin purchase. Texas for the win. We'll also be taking a look at the overall crypto market. All this plus so much more right here in today's show.

Today is Pot episode 2191. I'm your host JV alongside the Fed chair Nipinator keeping them nipinating. Speaking of the fed chair, he did cut interest rates a little earlier about an hour ago. 25 basis points which is a quarter of a percentage point which the market was betting on. There's like 85% chance of it happening. Well it is official that just came in but let's kick this MOFO off. It's December 10th, 2025. Let me know if you're on our 24 hour extravaganza pump watch. Bitcoin was around 95 yesterday. Today we're at 93. 5 at the time of the live and let's Kick this mofo off with our market watch. Pulling up coin360. You can see ether just surpassed $3400 for the first time in a very long time. At least a few weeks. Bitcoin doing its thing pretty even on the day xrp. Solana and Cardano are correcting. And in the red, checking out coinmarketcap.com today we're coming in at 3.14 trillion. We're back on A R. We got to get this back above 4 trillion where it belongs. Bitcoin market cap today $1.856 trillion. Checking out top 100 crypto gainers past 24 hours. Monero leading the pack up 5%. Meme core say and okay B, checking out the crypto greed and fear index. Yesterday we touched down at a 22 extreme fear. Right now we're 26 in fear. Last week was a 28 and last month a 29. Checking out the time chain calendar. Uh, today is block height number nine, 127,315. And you could exchange one fiat monopoly dollar for 1,067 sets. So you know precisely what to do. You pick up the SATs, put down the gats. I pick up some bitcoin hats, caps from a man, Sergio, over@bitcoin caps.net and if you don't know, now you know. And next up, we'll be discussing this Fed cut and what's happening in the markets. The latest ta. We'll pull up some of the charts and all that fun stuff. Who else is here, let me know. Nice Nip is in good shape now. He got the chomper clean, ready to rock. Yeah, 100%. But anyways, I like this high IQ guy. Me too. He's got my stamp of approval and especially from the Fed chair who actually has the stamp. You know, it's all about the Fed chair. And speaking of the Fed chair, here's the big news of the day. Conflicted Fed cut rates. But bitcoin's fragile range pins Bitcoin under 100 GS. As I mentioned, about an hour ago, they announced cutting the 0.25% for the interest rates, which is typically bullish for bitcoin. So here we go. On Wednesday, the US Fed approved a 25 basis point interest rate cut, marking the third this year and aligning with market expectations precisely what we're expecting. Typical of its previous pre FOMC price action, Bitcoin rallied above 94 on Monday. But the media's hawkish depiction of the Fed rate cut reflects a Fed that is divided over the future of the US monetary policy and the economy. That's why I say we keep Nipinator as the Fed Chairman forever. It's the only way we're gonna fix this bullshit. But I digress. Given the hawkish label associated with the week's rate cut as possible to biddy price could sell on the news or remain range bound until a new momentum driver emerges. CNBC reported that the Fed's 93 vote is a signal that the members remain concerned about the resilience of inflation and that the rate of economic growth in the pace of future rate cuts could slow this coming year in 2026. And according to Glass Node, Bitcoin remains trapped in a structurally Fragile range below 100 g's with a price action constrained between the short term cost basis at 1027 and the true market mean at 81.3. Glassnode data also showed weakening on chain conditions, thinning futures demand, persistent cell pressure in an environment that continues to hold Bitcoin below 100 GS. So time running out for Bitcoin to recover to 100? I think not. Time is an illusion. I'm just saying I'm getting metaphysical on you guys. According to Glass note, Bitcoin's inability to break above 100 reflected a growing structural tension. Time is working against the bulls. The longer the price they pin within the fragile range, the more unrealized losses accumulated increase in the likelihood of forced selling. The relative unrealized loss on the 30 simple moving average has risen to 4.4%, ending the two year below 2% and signaling transition into the higher stress environment. Even with Bitcoin's bounce from the November 22nd low to roughly 92. 7, the entity adjusted realized losses continue climbing reaching 555 million a day, a level previously seen during the FTX capitulation. But at the same time holders above one year holding period diamond hands or Diamond Paws reference in the NIP realize more than 1 billion a day in profits peaking at a record of 1.3 billion. This this dynamic of capitulation from the top buyers and heavy distribution from the long term holders potentially kept Bitcoin under the key cost basis threshold, unable to retake 95 to 102 resistance ban which had been capped the fragile range. Now let's discuss the spot led rally meets decline in Bitcoin futures market Data from Crypto quant as outlined here in the chart shows you the crypto market rallies ahead of the FOMC meetings, but a noticeable divergence had appeared with the bitcoin price has risen while the open interest has been on the decline. Open interest declined the corrective phase since October, but even after Bitcoin bottom November 21, it continued to fall despite the price moving to the higher highs. This marked the rally driven primarily by the spot demand rather than the leverage driven speculation. Crypto Quant added that while the spot led uptrends are generally healthy, sustained bullish momentum historically requires rising leverage positioning given the derivatives volume are structurally dominant. Spot volume accounted for only 10% of derivatives, which the market may struggle to maintain if the rate cut. Expectations weaken heading into the meeting. Also, as a bonus, I want to bring this tweet up from Yong Hoon Kim, the world's highest IQ holder. He says my analysis suggests that Bitcoin may have set its bottom a few weeks ago referencing the 80,000 floor and we can now be entering a true super cycle. That's what I'm saying. But what does he know? He's only the highest world IQ holder at a 276. Yeah, very bullish on bitcoin. Respect. I dig him. Bitcoin firm 21 Capital, Jack Mer's company, he's the CEO. Drops 20% on the first day of trading. Yeah, that's right. They just went public. Shares of 21 Capital, the newest crypto treasury company in the US slid 20% on its trading debut after merging with the blank check company Cantor Equity Partners. Cantor Fitzgerald's company, 21 Capital, open trading on Tuesday at $10.74.

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Or closing price was 14 Wow. 27 cents on Mondays for Kantor special purpose acquisition company that it merged with the new Bitcoin folks Focus Company stock closed trading on Wednesday at 11.42, down almost 20% lower over 24 hours. However, it later saw a slight 2% lift after hours to 11.67, giving it a market cap of around 4 billion based on outstanding shares. 21 was amongst the most anticipated crypto public debut this year with the company backed by major stablecoin issuer Tether Crypto exchange. Bitfinex is Japan Software Bank Group and Jack Mers, the founder and CEO of the Bitcoin platform Strike, who is also named 21's CEO. The company holds over 43,500 Bitcoin worth over 4 billion, boasting the third largest holdings amongst public companies behind Bitcoin, Minor Mera holdings and of course sailor's company strategy with pole position, 21 has no public plan, but it is not a Treasury. Here was Jack Mer's, you know @ the Wall Street Open discussing the company yesterday. Let me know if you saw that. 21 has not publicly said what exactly its operating business will be or when it plans to launch one. But Mahlers did say it's not a Treasury company. We don't want the market to think of us and price us as just a Treasury asset. We do have a lot of the bitcoin but we're also building businesses. And he said his intentions to launch products and so forth. He says we're building an operating company. We're bringing a lot of the bitcoin products to market with the intent to have cash flow, many opportunities in brokerage, exchange, credit and lending. Mahler's deflected when pressed on what exactly 21 is planning, saying these things will come out sooner or late rather sooner than later. The US has seen a deluge and so called crypto treasury companies come to market this year copying a model popularized by Sailor and strategy where they buy and hold crypto to raise money and continue purchases. Now such crypto holding companies saw investor interest earlier this year as Bitcoin climbed to a high. It was October 6th, we hit the all time high 1263 but a decline in the crypto market since has dragged down shares and companies exposed to the sector. MERS is seemingly hoping his and his tether track record and his conviction in Bitcoin will buoy the 21 in the meantime. Quoting him here, we see Bitcoin as the forest through the trees. It is the opportunity and no one is seemingly focused on it. The story of this equity is to focus solely on Bitcoin and deliver value to the shareholders primarily through Bitcoin. And speaking of Bitcoin treasury companies Next up Vivic Ramani Strive to raise a half a billion to buy more Bitcoin Another big Bitcoin acquisition. Incoming headline reads Vivek rami strive to raise 500 million to buy Bitcoin. Max is calling him the Employee of the month. Publicly traded Asset manager Bitcoin treasury company Strive announced a 500 million stock sale program to raise funds for additional Bitcoin purchases and I believe that will get you approximately 5,000 bitcoin at around 100,000 a pop. The firm, which also was co founded in 2022 by American entrepreneur and politician Vivec Ramawani, stated on Tuesday it intends to use the net proceeds from the sale for general.

For general corporate purposes, including amongst other things the acquisition of Bitcoin and Bitcoin related products and for working capital. It also intends to purchase income generating assets to grow the company's business, but did not specify which the move represents. Another significant public company using capital markets to accumulate Bitcoin, a strategy pioneered by Michael Saylor, of course. Strive is currently the 14th largest holder of Bitcoin with 7525 bitties worth almost 700 million at the current market prices. The firm announced its pivot to a Bitcoin treasury through a public reverse merger in May. In September, Strive agreed to acquire similar scientific in a move that positioned the combined entity as one of the largest corporate holders of BTC. Since launching its first exchange traded fund back in August of 2022, Strive Asset Management has grown to manage over 2 billion in assets. Strive shares have gained almost 4% on Tuesday to end the trading day at A$2 and according to Google Finance. Its stock had more than doubled since the beginning of the year as you can see here. The Strive ticker via Google now earlier this month we know Strive C CEO Matt Cole urged stock market index MSCI to let the market decide whether they bitcoin holding companies and their passive investments. The move follows MSCI consultations with the investment community about whether to exclude Bitcoin and other digital asset treasury companies that have a balance sheet with more than 50% crypto assets. And I think this big meeting taking place, I believe I read was January 15th or January 16th. So in another month we'll see how that goes and we'll see if strategy and these holding companies are excluded. Next story uh, we'll discuss the State of Texas officially launches a new crypto reserve with 5 million bitcoin purchase. Here's the latest report. The second largest U S state by population, I assume California is the biggest, has launched a new crypto reserve and seeded it with millions of dollars worth of bitcoin. The Doing Doing Texas has become the first state in America to purchase the bitty and hold it as a reserve asset. According to the Associated Press Acting Test Texas Comptroller Kelly Hancock said the following in a statement, the Texas legislator passed a bold mandate to create the nation's first strategic Bitcoin reserve. Our goal for implementation is simple. Build a secure reserve that strengthens the state's balance sheet. Texas is leading the way once again and we're proud to do it. So Texas for the win. The state's legislator authorized a total of 10 million in spending on Bitcoin, a small portion of the state's total 338 billion annual budget. The state's initial purchase of the Bitcoin occurred back November 20, when the price was 91,000. Lee Bratcher, president of the Texas Blockchain Council, believes the investment will pay off in the long run. Well of course quoting him here, it's only a 16 year old asset, so the volatility both in the up and down direction will smooth out over time. We'll want to have it retain some of those volatility characteristics because that's how we could see those upward moves that will benefit the state's finances in the future. Arizona and New Hampshire have also passed laws to create similar Bitcoin treasury reserves but have not yet purchased any digital assets. So Texas has the first movers advantage here. You know. Meanwhile in Wisconsin and Michigan they purchased crypto last year as pension fund investments. So you already know. Nation State Adoption Happening Strategy Response to the MSCI letter makes the case for the index inclusion as you know they're trying to exclude him and change the rules and you know it seems like they're attacking him or trying to force him to potentially liquidate Bitcoin. There's been a lot of rumors and speculation around this, so let's break this baby down. Strategy the largest Bitcoin treasury company submitted feedback to Index the company MSCI on Wednesday about the proposed policy change that would exclude digital asset treasury companies holding 50% or more in crypto on their balance sheet from the stock market index Inclusion Digital asset Treasury companies are operating companies that can actively adjust their businesses, according to to the letter, which cited strategies Bitcoin backed AI agents are.

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Credit instruments as an example, the proposed policy change would bias the MSCI against crypto as an asset class instead of the index company acting as a neutral arbiter, the letter said. And here's the actual letter from Strategy. I'm not going to read it all, but I'll give you some of the highlights here. The MSCI does not exclude other types of businesses that invest in a single asset class. That's a good point, including real estate, trust, oil companies and media portfolios. According to Strategy, the letter said many financial institutions primarily hold certain types of assets and then package and sell derivatives backed by those assets like residential mortgage backed securities. So it does definitely seem prejudice against these bitcoin holding companies. So makes a good point there. The letter also said implementing the change undermined US President Donald Trump's goal of making the United States a global leader of crypto. Good. Another good point taken, however Critics argue that including crypto treasury companies and global indexes poses several risks. Crypto treasury companies exhibit characteristics of investment funds rather than operating companies that produce goods and services. According to the msci, which noted companies capitalized on cryptos lack clear and uniform valuation methods, making proper accounting a challenging task and potentially skewing the index values strategy. They just recently purchased another 10,000 bitcoin for a billion dollars earlier in the week which we covered here. So they currently hold 660,624 BTC and the stock is the lost over 50% of its value over the last year. Bitcoin is also 50% below its value at the beginning of 2025 when it was trading at 109, meaning the underlying asset has outperformed the equity wrapper. Now the high volatility of crypto may heighten the volatility of the index tracking these companies or create correlation risks when the index performance would mirror crypto market performance. According to a paper from the Federal Reserve, the common use of leverage crypto trades amplifies volat and lends to the crypto's fragility as an asset class. This was according to the Federal reserve. Now the MSCI's proposed policy change set to take effect January I believe it's mid January fam could also prompt treasury companies to divest their crypto holdings to meet the new eligibility criteria for index inclusion, creating additional selling pressure for digital asset markets. Vanguard's 50 million plus clients will soon gain access to the crypto ETFs and why in particular this is so significant. I was going to hit you with the takeaways. Vanguard's decision to open access to spot crypto ETFs marked a major shift from its earlier anti crypto stance. I remember their CEOs like Bitcoins against our ethos and then he resigned later. That was last year. And gives more than 50 million clients regulated path to gain exposure to digital assets. The firm will allow trading of approved third party ETFs tied to Bitcoin, ETH, XRP and Solana while avoiding meme coins. That's a good look. You really don't want to be pushing Melania Coin. You know. I'm just saying. Or unregulated tokens and choosing not to launch its own crypto products. The move brings significant institutional legitimacy to crypto and shows that even traditionally conservative asset managers cannot overlook sustained demand for the regulated exposure to the digital assets. Vanguard's embrace of crypto reflects a broader institutional trend. Major financial institutions such as BlackRock Fidelity bank of America are already integrated crypto products already have them integrated as part of their diversified investment offerings. That's right. So what exactly is Vanguard changing? Vanguard has altered its policy of staying away from crypto ETFs. The asset manager will now give its clients Access to third party crypto ETFs and mutual funds that invest in selected underlying crypto. I think this was a smart move on their behalf because I think they would have lost a lot of their clients that are demanding crypto ETFs. I mean they can just go to BlackRock. BlackRock and Vanguard are the two largest financial arms of the Illuminati. I'm just saying them to combine own a piece of every company. The S P 500 including strategy. Look it up. These include Bitcoin, Ether, XRP, Solana. The products are traded on regulated crypto exchanges much like the ETFs backed by gold. Why Vanguard's policy is a big deal. Their change the policy shift by Vanguard pretty much green lights the rest of the lizard folk and they can jump on board likely to impact the core strategies or long term returns for millions of investors. The change would also redefine accessibility and structure of popular diversified portfolios. The scale of Vanguard's client base. Let's touch upon this. As of 10-31-2025 Vanguard was offering 224 funds in the US including variable annuity portfolios and 228 funds in international markets. So offering crypto ETFs on such an extensive platform will have two key consequences. Number one, it broadens the number of investors who can gain exposure to crypto prices without leaving conventional brokerage services. And number two, it signals that regulated crypto offerings are becoming difficult for major financial firms firms to overlook. That's right. I mean with 50 million investors, take a guess how many of them would want some form of exposure to the greatest appreciating asset in humankind? Probably a good, good chunk. So I'm a firm believer that if they don't adopt this again, people just leave and go to better places. You know BlackRock, Fidelity, you know, Ark, whatever other choices are out there to get their exposure that they want. Sailor pitches Bitcoin back banking system to nation states as you know, he was just speaking in Abu Dhabi. The the strategy chairman said nations could use bitcoin reserves and tokenized credit markets to offer regulated accounts with higher yields. That's right. Sailor. The largest holder strategy of Bitcoin corporate wise is pushing nation states to develop bitcoin backed digital banking Systems which offer high yield, low volatility accounts capable of attracting trillions of dollars and deposits. He just spoke at the Bitcoin Mina event in Abu Dhabi which I heard they have a sovereign wealth fund. They've been silently accumulating Bitcoin for some time. I think it was Eric Trump who also confirmed that you know the likes of Max kaiser and some OGs. But anyways, these reserves and tokenized credit instruments create regulated digital bank accounts that offer high yields, higher yields than traditional deposits. Sailor noted that bank deposits in Japan, Europe and Switzerland and offer little to no yield while euro money markets pay roughly 150 basis points and the US money market rates are closer to 400 basis points. He said this explains why investors turn to the corporate bond market which wouldn't exist if people weren't so disgusted with their bank account. And I think we can all relate to that one because we really lose money keeping money in the bank. That's why we call those who hoard the fiat and the bank. We call them the poor. At least according to Sailor. Sailor outlined a structure in which digital credit instruments comprise roughly 80% of the fund paired with 20% in fiat currency and 10 reserve buffer on top to reduce the volatility. If such a product were offered through a regulated bank, depositors could send billions of dollars to institutions for higher returns on deposits. The account would be backed by digital credit with 5 to 1 over collateralization held by a treasury entity. And according to Sailor, a country offering such accounts could attract 20 or 50 trillion in capital flows. That's a big deal considering the bitcoin market cap's only 2 trillion. Let that one sink in. The CEO argued that a nation adopting this model could become the digital banking capital of the world. The remarks follow Sailors revelation that the company purchased 10600 Bitcoin for 962 million last week which I touched upon. They now whole 660,624 BTC.

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U B R I K.com but there you have it yo. I mean pretty bullish when you have Sailor out there orange pilling. You know, sovereign wealth funds and folks and sheiks and rich oil money over in Abu Dhabi. So shout out Sailor. I say we give Sailor employee of the month status. I don't know about Vivek. I give it to Sailor, but that's just me. Let me know your thoughts and I'll read your comments out.

[Bitcoin Mascot Rapper]

Loud. Bro, turn it up. Who's that dog making the BTC shot calls? Let's go Nipsey. You're the top dog.

Wagon muscle Bitcoin shuffle from the couch to the charts he be making those sparks. Who's that little dog with the best bitcoin.

Calls? Who's that puppy laying in that.

Bed Laying in his bed with his legs above his head that's Nipsey. They say he's better than the rest the Nipinator isn't stressed when it comes to saving bread. You better watch where Nipsey's licking. If he's licking at his balls you better bet it's higher ticking the.

Lickinator indicator never missing yeah, that's the Nipsey Hussle vision peanut intuition when the tongue goes down, you know hope it's full precision Nipinated indicated bitcoin levitating if Nipsey stretching out you know the price is.

Elevating. They call him Nipsey Hussle when the charts start inflating from puppy to profit his vibes contagious, not.

Overrated. Who's that little G that's always back behind.

Jv? I even saw that bitcoin mascot.

Pup strutting on X that's a bitty maxi dog. There is no second best. The bitcoin mascot dubbed by.

Max. Yeah, that's Nipsey Bitcoin Nipsey Nipsey Hussle on the chat doesn't like scammers at all. He bit Peter Sniff's tiny balls. He hates the ones who cheat importantly better watch his chubby cheeks. The Fed chairman without a mask says Jim Cramer is a tubby.

Clown. Yeah, that's.

Fact. He's the watchdog of the chain.

Barking back to back, hustling with precision while the Fiat pack crack When JV.

Drops the mic Nipsey's calling the spike Snoring on a bull run Dreaming shots.

[JV]

All night Cuckoo Max in his bowl.

[Bitcoin Mascot Rapper]

He'S stacking stats for the soul Bitcoin glowing or orange fur on patrol they call him Nipsey Hustle Tail wagon on control from the bed to the blockchain he rocking that.

Roll. He don't fetch Fiat, he only chase sats dreams and orange naps and.

Stats Microstrategy, yeah, he barked that call before Sailor even bought them.

All. Gotta snore so chill you think it's Zen. He's the furry oracle, a perfect 10. You see that tail? That's alpha flippin when it's wagging up, the price is ripping that's the hustle.

Code. Four paws on the load Snoring in rhythm while the candle except explode. Who's that little cute doggy in the music video with the Ducati Sipping on a Coco Max? I bet he's a OG of stacking Sassy the dog that stack sass doesn't love gas but he got the Mac Max pulling ladies at the bike rack at the dog park Orange peeling the haters like they heard a lion.

Bark. That's Nipy Hustle with the bark and spark Bitcoin's back, no need to remark. Who's that little pup? Bitcoin gets to pump him when his legs go up. Who's that little dog? Bitcoin gets to jumping cuz he licked his luggage. Oh, look out y' all see that little puff? Nipsey's the real shady Acorn gets to jumping cause he licked his log Acorn's going up.

Baby. That's the hustle vibe Pure BTC gravy maxi energy that's the purple savior he's the bull run barker dip detector mean projector scam deflector A four legged maxi with laser eyes he calls tops clean no compromise if you see him.

Stretch mid show you know orange line climbing can candles glow while trader stress he just snaps in style cause Nipsey's been bullish all the while they call.

Him Nipsey Hustle pure bitcoin muscle tail.

Wag swagger making fireballs who's that fat Cheddy? All his calls are prophecy a little hole who's that giga Chad? Is it jv? No JV is his BTC maxi daddy Nipsey, that's who Nipsey is the puppy with the bitcoin strut that's who Nipanatin indicating wise bitty mascot.

Top dog.

That'S Nipsey Hussle poor profit of the block log.

That bitcoin room shock.

BTC mascot.

[JV]

Energy.

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