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2304: $5M Bitcoin - Iran Forces Oil Trade Into BTC
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Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. You chose to hit play on this podcast today. Smart Choice make another smart choice with Auto Quote Explorer to compare rates from multiple car insurance companies all at once. Try it@progressive.com Progressive Casualty Insurance Company and affiliates not available in all states or situations. Prices vary based on how you buy. Working across teams is tough, but Asana helps you handle it. That's because Asana is where humans and AI coordinate work together. AI can spot roadblocks and assign work in a snap so everything and everyone stays on track. That's how work gets handled. That's Asana. Visit us@asana.com that's a S a n a dot com Five million dollar Bitcoin isn't about the hype. It is about what just changed in global trade. Right now, oil, the most important commodity on earth, is starting to get priced and settled in bitcoin. Not through banks, not through the dollar system. And when energy flows start touching bitcoin rails, supply doesn't just tighten, it disappears. And that's when the bitcoin price doesn't move gradually, it reprices fast. We're witnessing right now. Let me show you exactly what happened. $5 million bitcoin isn't a prediction anymore, my friends. This is a supply crisis. And what just happened with oil changed everything. Iran is now reportedly requiring certain ships passing through the straight of Hormuz to pay a dollar per barrel in Bitcoin. That's right. Not dollars, not banks, not swift. But Bitcoin. Let that sink in. This isn't a random headline, by the way. The straight of Hormuz is one of the most important trade routes. Let's on Earth, roughly 20% of the global oil supply moves through this single checkpoint every single day. Trillions of dollars in energy flow through this corridor. Now imagine if even a fraction of that flow touches Bitcoin. That's not adoption. That's for settlement demand. Here's what most people still don't understand. Bitcoin doesn't need to replace the entire financial system. It only needs to capture critical flows. Energy, trade routes, settlement layers. Because Bitcoin is starting to become something else entirely. Bitcoin is becoming the new oil. Not in how it's used, but in how it's valued at the system level. Once those flows connect, price doesn't rise gradually, it reprices violently. Because this isn't retail demand. This isn't speculation. This is global infrastructure. Think about what's actually happening right Now, a nation under sanctions can't rely on the traditional flood financial systems. Why? Banks can freeze transactions. They do all the time. Governments can block payments and assets can be seized. The system becomes unusable. Bitcoin doesn't have that problem. No intermediaries, no permission, no reversals, just final settlement. In fact, with Bitcoin, the transaction is the settlement. According to the reports, once a vessel is cleared, they have seconds to pay in Bitcoin. Seconds. That's not finance as we know it. That's instant settlement of global energy trade. Now if we zoom out, at the same time, oil just pushed above $100, commodities are breaking out across the board. Stablecoin volumes projected to hit quadrillions. US spot Bitcoin ETFs already control 1.28 million Bitcoin, which is 6% of the total supply. And institutions and public companies already control over 2.8 million Bitcoin, which is 13% of that total supply. And take it a step further. Just Yesterday, spot Bitcoin ETF volume surpassed $2.4 billion with black rock having the pole 2 billion. You can see the demand is there. The supply is already gone. And now it gets serious. Energy trade is being forced into the Bitcoin rails. This is how supply disappears for good. Not hype, not narratives, but from systems that require Bitcoin to function. But let's take it a step deeper. Estimates suggest 60 to 70 oil tankers pass through Horus daily. That's about $2 million per tanker. That's roughly 120 to 140 million, a potential daily flow. If even a part of that touches Bitcoin, that's thousands of Bitcoin worth of demand per day. Now here's the part nobody is pricing in. Recent data shows Strategy raising roughly 464 million in capital in a single session. This was yesterday. That's 6,496 Bitcoin. Let that sink in. 6,496 Bitcoin versus 450 BTC mine per day. That's over 14 times the daily supply from one entity. Michael Sailor strategy. Now combine that with global trade, demand, institutional accumulation and ETF inflows, all competing for the same 450 coins daily. This is the part people are missing. It doesn't take full adoption. It only takes in balance. And even a small percentage of the global oil trade settling in. Bitcoin completely overwhelms new supply. That's when markets stop functioning normally. And that's when liquidity disappears. The that's when price discovery breaks and that's when 100,000 becomes completely irrelevant because the conversation shift to $1 million, 2 million, $5 million plus Bitcoin, not because of the height, but because of structural demand colliding with the fixed supply. And this is what real transitions look like. Not headlines, not narratives, but systems quietly switching underneath the surface. Bitcoin isn't replacing the system overnight. It's being inserted into the most critical parts of it. And once that happens, everything gets repriced around it. So while most people are still watching the charts, the real shift is happening right now in global trade. Most people will only understand this after the move when supply gets absorbed at the system level. So who are you buying from when there's no supply left? Let me know fam in the comments right down below because what you're actually seeing here is the first real example of Bitcoin being used at the state level for settlement under pressure. This isn't theory anymore. This is happening because the traditional system is breaking in real time. Today is pot. Episode 2304. I'm your host JV and Bitcoin is doing its thing right now. It is ripping. We've had a very nice price action week and things are starting to get very, very interesting. And again, don't take my word for it. Here's the headlines. Yesterday just in, Iran could soon be earning 10,000 bitcoin a month from oil tanker payments. $2 million per ship, 10 ships per day. Oil is being priced in BTC, the next reserve currency. And I wrote and reposted, oil being priced in bitcoin is how this ends. This is the demand shock most people aren't ready for. Max Kaiser also chimed into the headline here. Iran to require ships passing through the straight of Hermu to pay tolls. And bitcoin, according to Financial Times, Max wrote, global hash war intensifies. Iran was already a big player in bitcoin mining. And I got to give a massive shout out to the high priest here. He's the first one to predict a global hash war where you have nation states battling for the most hardest money to ever exist btc. So shout out Max. And here you can see as printed in the Financial Times. I'm just going to read this to you once the email arrives and Iran completes its assessment. Vessels are given a few seconds to pay in bitcoin, ensuring they can't be traced or confiscated due to sanctions. Now the funny part is Bitcoin is open ledger, blockchain, so of course everything can be traced. That's the part that's kind of hilarious that they don't still even understand it. However, the truthful part, it can't be confiscated due to sanctions. Every other form of money, they can steal it from you just like they did gold in the 1933 Gold Seizure Act. That's why properly self custody bitcoin is so essential and so, you know, important in our society because it's the only type of money which cannot be confiscated. Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with your name your price tool from Progressive you can find options that fit your budget and potentially lower your bills. Try it@progressive.com Progressive Casualty Insurance Company and affiliates Price and coverage match Limited by state law not available in all states by the forces of evil. Now Michael Saylor tells the Saudi state TV that their 930 billion dollar sovereign wealth fund that's almost a TR should buy all the bitscoin. Now keep in mind we have a supply shock. There's literally the lowest amount of bitcoin available in a very long time. It's roughly 2 million the liquid supply meaning roughly 75 of all. Bitcoin is ill liquid right now. Sailor says if you want a 1, 000 extra money to the Saudis, buy bitcoin. We all know they have plenty of that oil money. What if they were to do that and there's literally no more bitcoin to buy? That's when you see these violent, repricing, gapping up, you know, events happening, you know, omega candle, 200 GS before you know it, 500 GS a milli, two milli get silly. You know bitcoin has one, says Sailor. Global consensus is that bitcoin is digital capital. And this is a powerful quote from Sailor. He posted it April 4 and he pinned it to his profile. He says the four year cycle is dead. I repeat, the four year cycle is dead. Price is now driven by capital flows. Banks and digital credit will determine Bitcoin's growth trajectory. The biggest risk is bad ideas driving iatrogenic protocol changes. This is what winning looks like now. Also check this out. Just yesterday a sailor, he manufactured or engineered a system where he can just raise unlimited amounts of capital. And he just uses that to buy more bitcoin. He's planning another 44 billion dollar acquisition. I'm going to read the short post by Adam Livingston. Strategy is driving all the bitcoin out of circulation. If strategy sold 1.95 of MSTR for every dollar of STRC today to maintain 35% amplification, how much total capital did they raise and how much bitcoin did they buy today? That's about 464 million. Let's do the math. STRC raised 157 million MSTR raise 1.95 times STRC 157 million times 1.95 306 million total cap total capital raise 157 million plus 306 million 464 million. Using the average Bitcoin price of 71,000, that is 464 million divided by 71, 000 equals 6,496 Bitcoin total capital raised 464 million estimated Bitcoin bought today 6,496. This was just yesterday. That would be about 14 times the daily mine supply. So we're not just making these numbers up. There is a demand shock happening. There is a supply shock at the same time. Very minimal bitcoin available. Absolutely Maniac behavior by the bitcoin alchemist known as Michael Saylor. You know what I mean? But let's take it even a step further. Even Morgan Stanley just entered the ETF race. This is official. Here's the headline. Morgan Stanley Bitcoin ETF trails Blackrock with 30 million first day of inflows. That's right. They just launched literally yesterday, the Morgan Stanley Bitcoin Trust MSBT on the ticker. First Bitcoin ETF offered by a U. S bank recording 30 million of inflows on its trading debut. Not so shabby given the Wall street bank a respectable entry into the spot bitcoin ETF market. MSBT started trading on the NYSE arca Wednesday, generating 34 million of trading volume, slightly above expectations of the Bloomberg ETF analyst Eric Bal Chunes who predicted first day volume reaching 30 million. Now what's different about this ETF? It's the lowest fee out of all the Bitcoin ETFs out there. So they're undermining the fees from black rocks, ibit, Fidelity and all the rest. And this is good. Creates what I like to call game theory. A healthy competition where maybe the other ETF issuers will lower their fees. Otherwise most people are probably going to be like, hey, I'd rather pay less in fees, you know what I mean? And maybe they move out of the black rock or the Fidelity or the Arc and move into this one. It's just, you know, more affordable. You want to see the bigger picture really quick? I alluded to this earlier, this was yesterday's results. 2.4 billion in a single day just from ETFs. This excludes Michael Sailor strategy purchasing 6000 Bitcoin in a single day. But you can see the lion share is actually Black Rock by a long shot. Two close to 2 billion. Then we got Fidelity at 212 million. And then Grayscale. Those are the largest ones on the list. But this is unprecedented volume. It's finally returned. We've been correcting over the past few months because we've had more outflows and inflows. Well, the inflows are back in town and things are about to get pretty exciting, if you know what I mean. But wait, there's more. The rails are expanding. Stable coins alone are projected into the quadrillions. That's right, 1.5 quadrillion by 2035. So you can see all this capital from the world about the flow into crypto and right now bitcoin mark cap 1.3 trillion total addressable market, all the money in the world, 900 trillion. That makes bitcoin a drop in the bucket. It's 0.2% of the total supply. So once the needle moves just by a couple of percentage points, we're insane. Market cap for bitcoin surpassing gold at 30 trillion. And it's just going up forever. Laura Blockchain analysis and chain analysis estimate Stablecoin volume hitting 1 1/2 quadrillion within the next decade. Potentially exceeding current estimates because of the global cross border payment volumes. And this is the breakdown here. The figure could double by 2035 if two major catalysts come into play. The baby boom generation passing 100 trillion in wealth to younger and more crypto native generations and stable coins becoming the default payment infrastructure. I think those two things are a given. They say here. According to chainalysis factor in these catalysts and our projections change. 2035 volume could approach 1.5 quadrillion. A figure that would surpass the estimated 1 quadrillion in global cross border payments today. Take that bears, you know what I mean. The estimates represent a high end scenario as it was significantly exceed global remittance flows which were estimated at 865 billion in 2023 and 905 billion in 2024. The number is even higher than the World Population Review's largest or latest estimate of the total value of all global assets across banks, property and cash, which they say is around $662 trillion. So even reaching 719 trillion would require sustained compound annual growth. Of 133% over the next decade. But is this truly possible? This volume Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever think about switching insurance companies to see if you can save some cash? Progressive makes it easy to see if you can save when you bundle your home and auto policies. Try it@progressive.com Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states. Well, according to the expert, the infrastructure is being built right now. Stripe acquiring Bridge mastercard partnering with B vnk these are operational bets, not experiments. Add the regulatory clarity from the Genius Act. Other big news today and institutional participation can scale in ways simply were not possible before. The generational wealth transfer will do the rest. Millennials and Gen Z are the first generations for whom on chain is a default, not a deliberate Choice. But wait JV, there's more gold, silver and oil drive 65, 000 jump in commodity perpetuals that's right, commodities are already breaking out across the board, my friends. The numbers don't lie, bitmex said Thursday on a report. Commodity perpetual swaps were the fastest growing segment a trad 5 perps of the first quarter of the year with weekly volume rising 65,000% from 38 million to 25 billion, the report said. Silver, crude oil and gold drove most of the growth and by the week of March 15, silver accounted for 35 of the market share of tokenized commodities, followed by crude oil and then gold and then silver. Etc. Bitmex said. The March entry of crude oil added a new leg to the market, attributing that the move to Iran related geopolitical tension and broader demand for 24. 7 commodity exposure on crypto native venues. The figures point to a fast growing niche inside the crypto derivatives market and as you can see here, crude oil has risen 44% since the first US Israeli strikes which began February 28, from around $69 to roughly $100. And according to the data from the trading economics, oil prices peaked at around $114 on Tuesday, their highest level since the beginning of the conflict. And now you know they're trading for settlement in bitcoin. Come on now. Weekend dislocations lifted commodity perps. We'll skip that. I don't think that's relevant. But there bigger picture here my fam. Can you see what is happening in real time with the big news? Iran could be earning 10,000 bitcoin per month and they already have a strong bitcoin position with Their bitcoin mining, as the high priest points out right here, already a big player, you know what I mean? They're going to become that much more bigger. What are we going to do about it in the United States? Are we actually going to start stockpiling some bitcoin like we supposed to in our strategic bitcoin reserve? Baron and Trump, let's do something already. We got the executive order but if we don't put it to use, all these other countries are going to leave us in their footsteps, you know what I mean? It's already happening in real time, you know what I mean? So how will this affect the bitcoin market when all these commodities start trading in bitcoin and it's the only option, Right? You let me know your thoughts. And can you also see bitcoin going up another 1000x from today's price? That's kind of close to $sat parity by the way. And by the time we have $sat parity, we're talking a hundred million dollars per coin as it's right now. Roughly 1400 sats per dollar, you know what I mean? But it's a happening. And anyways, let me know your thoughts. Do you agree with some of these predictions? And how bullish are you on bitcoin right now? Let me know in the comments right down below. And again I'm trying to share the bigger picture with people. Just fail to recognize. We get so caught up on the current price action reflected in the market and it just doesn't make sense because we've never been this bullish before. But the price is at like a big discount from the all time high. It just doesn't make sense. So everyone just writes off bits going oh, it's going to die. Terence Howard proclaimed its death. You know, but people don't understand. It's still the most scarce monetary asset in existence because it's hard capped with a finite limited supply, very minuscule market cap 1.3 trillion. Again, dropping a bucket. It just shows you how much upside potential we have and how much of these pools of capital start flowing into bitcoin. We can easily see a $30 trillion market cap surpassing that of gold. And by that time we already have a multi million dollar bitcoin price. But don't pay attention to the price. That's the distraction. Pay attention to your bitcoin and sats. The bigger picture, one bitcoin will always be equivalent to one bitcoin, you know what I mean? Whatever amount of stats you have today, get more sets Right. Don't worry about the temporary fiat price. It's all irrelevant. All fiat currency eventually returns to its original intrinsic value, zero. And note that. You know what I mean. So one Bitcoin today is the same. In 100 years, it's going to be one bitcoin. Don't worry about the fiat. The fiat's the illusion. You know what I mean? From the magician and the magician, the magicians here are the central bankers. You know what I'm saying? You can only suppress a beach ball under the water for so long before that mofo just escapes and hits what I call escape velocity. We've seen it before, we'll see it again. The same doubts people had about bitcoin back, let's say, 10 years ago, 15 years ago, are the same doubts people have today. You know, quantum computing. Why would I want bitcoin? They're just gonna steal it all. They spread that FUD narrative, specifically. So you dump your bitcoin and they can take it all. You know what I mean? Don't fall for it. And the same thing we've heard. How many obituaries for bitcoin did we hear from the lamestream media over the past decade? It's like every year the same narrative. Oh, China's gonna shut down bitcoin. You know what I mean? Putin invented bitcoin. Dan Pena says it's going to zero. Going to zero. So don't fall for the. And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q A. And I look forward to seeing you on tomorrow's episode Hoddle.