2347: 1 Million Bitcoin Arms Race Begins - Congress Triggers Supply War

Summary

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Podcast Summary

Podcast: Bitcoin News Alerts | Daily BTC Macro Signal
Episode: 2347 – 1 Million Bitcoin Arms Race Begins – Congress Triggers Supply War
Date: May 23, 2026
Host: JV (Bitcoin News Alerts)
Notable Guests/Analysts: Jack Mahlers, Congressman Nick Begich, Michael Saylor, Adam Back, Cathie Wood (via quotes/clips), various commentators and industry experts

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Main Theme:

U.S. Congressional Push for a Strategic Bitcoin Reserve Sparks Global Arms Race

The episode centers on Congress’s historic proposal to accumulate 1 million Bitcoin (~5% of total supply) as a strategic reserve for the United States. The hosts argue this move fundamentally alters not only American economic policy, but the entire global competitive landscape for sound money reserves—triggering what they call a “Bitcoin arms race” among nations. The result, they posit, will be a bidding war for a finite asset, with previously unimaginable price outcomes and lasting economic and geopolitical consequences.

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Key Discussion Points & Insights

1. The Congressional Push: Strategic Bitcoin Reserve

• Trigger Event:
  Congressman Nick Begich introduces the "Bitcoin Act," proposing a phased acquisition of up to 1 million Bitcoin over five years by the U.S. government, funded through creative, budget-neutral means.
  [06:14 - 07:03] Congressman Nick Begich

  Quote:

  “The Bitcoin act establishes the Strategic Bitcoin Reserve, a federal initiative to ensure that the United States holds a meaningful position in the most important decentralized financial network on earth...up to 1 million Bitcoin, or roughly 5% of its total final supply over five years.”
  — Nick Begich, [06:14]

• Funding Mechanisms:
  The plan leverages Federal Reserve remittances, gold certificate revaluations, and updates to the Exchange Stabilization Fund. No tax hikes or new debt required.

• Gold Accounting Arbitrage:
  U.S. gold reserves are still marked on government books at 1970s prices ($42.22/oz), creating a ~$1.1 trillion “accounting gap.” Revaluing to current prices ($4500/oz) frees up capital to buy Bitcoin without needing new outlays.
  [07:44 - 10:20] Panel Discussion

• Fox News Coverage & Mainstream Validation:
  Fox News positions the reserve as “the new Fort Knox,” suggesting a bipartisan consensus for treating Bitcoin accumulation as a matter of national strategic security.
  [09:03 - 09:19] Fox News/Commentary

2. The Macro Shift: Scarcity, Game Theory & Global Competition

• Bitcoin’s Unique Scarcity:
  Unlike gold, oil, or fiat, Bitcoin’s supply is capped at 21 million, with millions already lost forever.
  [02:35 - 05:38] Host & Analysts

  Quote:

  “No major power watches that quietly. Not China, not Russia, not Saudi Arabia, not sovereign wealth funds already searching for alternatives to depreciating fiat reserves...No central bank meeting creates more bitcoin. No emergency issuance, no quantitative easing, no dilution. There’s 21 million total. Millions already gone, forever lost.”
  — JV & Analyst, [02:35 - 03:40]

• Nation-State Game Theory:
  The U.S. move is likely to provoke similar responses from other major powers (China, Russia, Saudi, etc.), turning Bitcoin accumulation into a competitive arms race for strategic advantage.
  [04:20 - 05:14] Host & Jack Mahlers

• Old Models Obsolete:
  Bitcoin no longer behaves like a speculative tech stock, but as “strategic money” on par with gold or U.S. Treasuries.
  [02:35 - 05:14] Jack Mahlers/Host

• Potential for Bidding Wars:
  Once governments enter the fray, price discovery becomes non-linear (“bidding war” dynamic), ushering in parabolic price appreciation.
  [05:40 - 05:46] Host
  Quote:

  “Once governments compete for scarce monetary assets, you don't get normal price discovery, you get bidding wars.”
  — JV, [05:40]

3. Price Implications: $1 Million+ Bitcoin, 100-200x Runway

• Jack Mahlers’ Thesis:
  Bitcoin is “going for everything”—ie, a claim on the entire $400-500 trillion global savings/store-of-value market—implying a 100-200x potential from current market value.
  [02:29, 11:03, 11:14, 19:56, 20:04] Multiple Moments

  Memorable Quote:

  “My general framework from the highest level is human beings collectively we own about $900 trillion worth of stuff...I think bitcoin's going after a market of $400 to 500 trillion dollars worth. And right now, it's two and a half trillion...bitcoin can go up 100 to 200 times more from here.”
  — Jack Mahlers, [11:14]

• Michael Saylor’s Net Neutral Gold Swap:
  Suggests the U.S. government should simply “swap the gold for bitcoin,” buying up 20-25% of the network overnight, either via gold or printed fiat, at effectively zero real cost.
  [12:14 - 12:42] Michael Saylor
  Quote:

  “Sell the gold and buy bitcoin with it and buy 20% of the Bitcoin network...if anybody swaps out their treasury bills for bitcoin, then the US is going to own it all.”
  — Michael Saylor, [12:14]

4. Industry Reactions: Contrarians, Bulls & Clowns

• Criticizing Mark Cuban:
  Hosts and guests ridicule Mark Cuban for flip-flopping on Bitcoin’s store-of-value role and for being an Ethereum promoter.
  [13:20 - 14:46] Host & Analyst

• Cathie Wood’s Parabolic Case:
  Ark Invest’s Cathie Wood is extremely bullish, seeing $1.5 million per coin as base case, $3+ million as bull case, especially with the most pro-Bitcoin U.S. administration and Federal Reserve in history.
  [15:08 - 16:07] Cathie Wood & Commentators
  Quote:

  “Bitcoin is starting to outperform gold again...Bitcoin has been moving up relative to gold. That's interesting.”
  — Cathie Wood, [15:16]

• Adam Back & Legendary Cypherpunks:
  Adam Back, often rumored as Satoshi, sees Bitcoin easily reaching parity with gold, i.e., $1.5 million per coin.
  [13:20] Analyst Reference

5. Real-World Utility & Policy: Bitcoin Mortgages & Financialization

• Mainstreaming Real Estate:
  Fannie Mae is now greenlighting Bitcoin-backed mortgages, promoted by the Trump administration—marking a shift toward crypto adoption in major U.S. financial markets.
  [16:42 - 17:44] Real Estate Segment

  Host’s Experience:

  “When I purchased the house I'm in back in 2022, I used the Bitcoin back loan...you can get funded within 24 hours...goes to show you how fast a transaction could occur outside the legacy system.”
  — Host JV, [17:25]

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Notable Quotes & Memorable Moments

• Jack Mahlers (on the arms race):

  “Every nation watching has the same problem. There isn't enough. China knows it, Saudi knows it, and Russia knows it. Once reserve competition starts, price stops behaving normally. That's how the arms race begins.” [02:09]

• Host JV (on structural scarcity):

  “That's not a normal supply demand shift. That's structural scarcity.” [03:35]

• Congressman Nick Begich (on strategy):

  “The legislation outlines a plan to phase in the acquisition of up to 1 million Bitcoin...done without raising taxes or increasing government debt...” [06:14]

• Michael Saylor (on government acquisition):

  “Once you get bitcoin and it clicks in your mind...immediate reaction is, oh, I got to hurry and buy as much as I can because someone else is going to go take all my bitcoin away from me.” [18:15]

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Timestamps for Important Segments

| Time | Segment/Topic | |------------|---------------------------------------------------------------| | 01:45–02:09| Bitcoin’s true scarcity, arms race begins | | 06:14–07:03| Congressman Nick Begich explains the Strategic Bitcoin Reserve | | 09:03–09:45| Fox News: Bitcoin as “the new Fort Knox” | | 11:14–11:45| Jack Mahlers: Bitcoin aims for $400-500T store of value | | 12:14–12:42| Michael Saylor: Gold-for-Bitcoin government trade | | 15:16–15:36| Cathie Wood: Bitcoin outperforms gold post-pro-BTC Fed Chair | | 16:42–17:44| Bitcoin-backed mortgages become mainstream | | 18:15–18:39| Michael Saylor’s “smash buy” argument for billionaires | | 19:01–19:12| Congressional plan: 1M Bitcoin over 5 years |

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Flow & Tone

The episode embraces a hyper-bullish, urgent, and unapologetically pro-Bitcoin stance. The language is animated, energetic, at times confrontational—particularly toward skeptics and establishment finance figures (“clowns” like Jim Cramer, Mark Cuban, Peter Schiff). The tone is one of impending transformation and unstoppable momentum, with hosts regularly exhorting listeners to “stack hard” in the face of a looming global “supply war.”

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Conclusion

Episode 2347 of Bitcoin News Alerts provides a spirited, sweeping analysis of how a single congressional act could irreversibly reshape global finance, unleashing a geopolitical “arms race” for Bitcoin. Through strategic breakdowns, insider quotes, and memorable metaphors (“the new Fort Knox”), the episode posits that Bitcoin’s era as a fringe speculation is over—ushering in a new age where sovereigns, billionaires, and institutions compete for the world’s next monetary lifeboat.

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Further Engagement

• For the full broadcast and livestream with Q&A, visit BitcoinNewsAlerts.net
• Participate in ongoing debates and submit comments for future episodes

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Transcript

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[Host JV]

Bitcoin doesn't become expensive because people want it. It becomes expensive when powerful buyers realized

[Co-host or Guest Analyst]

that they can't get enough.

[Host JV]

That's when the price breaks. And what just happened in Washington may be the first sign that that phase has begun.

[Co-host or Guest Analyst]

Check it out.

[Host JV]

A million Bitcoin changes the math.

[Co-host or Guest Analyst]

Not for retail, but for America.

[Host JV]

Because the United states just targeted 1 million bitcoin.

[Jack Mahlers]

Every nation watching has the same problem. There isn't enough. China knows it, Saudi knows it, and Russia knows it. And once reserve competition starts, price stops behaving normally. That's how the arms race begins. As Jack Mahlers put it, bitcoin isn't going for 150 000.

[Co-host or Guest Analyst]

It's going for everything.

[Jack Mahlers]

A 400 to 500 trillion dollar savings market. A 100 to 200x Runway.

[Co-host or Guest Analyst]

Send it.

[Jack Mahlers]

That's the part most people still don't understand. Bitcoin Isn't just repricing, it's competing for the entire pool of stored human value. Because people still frame Bitcoin like a tech stock, a speculative trade, something that goes up when sentiment hot and cools off when risk appetite disappears. That framework is obsolete. It changes the role Bitcoin plays. Bitcoin stops being an investment thesis. It becomes strategic money. And strategic money behaves differently. Gold wasn't accumulated by governments because it was exciting. Oil wasn't fought over because it was trendy. Reserve assets get accumulated because control matters. Scarcity matters. Strategic advantage matters. That's what changes here. Because America targeting nearly 5% of the total Bitcoin supply doesn't happen in isolation. No major power watches that quietly. Not China, not Russia, not Saudi Arabia, not sovereign wealth funds already searching for alternatives to depreciating fiat reserves. That's where this gets dangerous. Because Bitcoin doesn't have elastic supply. No central bank meeting creates more bitcoin. No emergency issuance, no quantitative easing, no no dilution. There's 21 million total. Millions already gone, forever lost and forgotten. Wallets unavailable. Then layer the reality right on top. ETFs are buying public, companies are buying strategies, buying aggressively. Billionaires are accumulating. Long term holders are not selling. Now imagine sovereign demand entering the same battlefield. That's not a normal supply demand shift. That's structural scarcity. And even 1 million bitcoin may be conservative. Because Michael Sailor has Openly argued the US should acquire 20 to 25% of the entire Bitcoin supply.

[Host JV]

Not just 1 million. More like 4 to 5 million Bitcoin. Let that really sink in. Because if Michael Sailor thinks 1 million Bitcoin is conservative, today's congressional proposal may not be aggressive. It may be only the opening bid. That's when old price models fail. When he says Bitcoin is going for everything, he's not talking about hype, he's talking about monetary gravity. Because Bitcoin isn't competing with meme stocks or speculative altcoins or even gold itself. It's competing with the global store of value market. Savings accounts, government bonds, gold reserves, real estate, cash equivalents, treasury allocations and sovereign reserve assets. That's the 4 to 500 trillion arena. And if Bitcoin captures even a small fraction, the upside becomes hard for most people to mentally process. That's why old price targets start sounding ridiculous. Not because they're too high, because they

[Co-host or Guest Analyst]

may be too low.

[Host JV]

And this is where the average person makes the biggest mistake. They assume adoption is gradual, linear, predictable. You know, a Slow staircase upwards. But history says strategic transitions don't happen politely. They happen in burst. A trigger, then a reaction, then acceleration, then panic. And if America's one million bitcoin ambition forces sovereign recalculation, the repricing event won't

[Co-host or Guest Analyst]

wait for public comfort.

[Host JV]

Because once governments compete for scarce monetary assets, you don't get normal price discovery,

[Co-host or Guest Analyst]

you get bidding wars.

[Host JV]

And bidding wars for finite assets don't end quietly. So the real question is not can America buy 1 million bitcoin? The real question is what price does Bitcoin reach when governments start bidding for a finite supply? Now the scary part, this math doesn't require every government to buy. And it only takes enough powerful buyers competing for what's left. Check this out. Brand new video of Congressman nick saying the USA will buy 1 million Bitcoin in the next five years.

[Congressman Nick Begich]

Bitcoin act establishes the Strategic Bitcoin Reserve, a federal initiative to ensure that the United States holds a meaningful position in the most important decentralized financial network on earth. With an eye to fiscal responsibility and innovation, the legislation outlines a plan to phase in the acquisition of up to 1 million Bitcoin, or roughly 5% of its total final supply over five years. Importantly, this will be done without raising taxes or increasing government debt. The Bitcoin act is designed to be budget neutral, relying on Federal Reserve remittances, which exceeded $76 billion in 2023, gold certificate revaluations, unlocking additional capital without new spending, and updates to the Exchange Exchange Stabilization Fund. These mechanisms allow us to build a strategic reserve without burdening taxpayers while also potentially offsetting long term national debt.

[Host JV]

Very powerful. And I believe this Bitcoin act will likely get passed because we have a pro Bitcoin administration for the first time in history. Also, of course we have the Clarity act which just passed the Congress and

[Co-host or Guest Analyst]

is moving to the Senate and to

[Host JV]

the House to be voted on this summer. And if that passes, game on. The floodgates will absolutely open. Now the keyword he said was net neutral ways to acquire Bitcoin without costing taxpayers a dime.

[Co-host or Guest Analyst]

And one of those methods is an accounting gap with the gold reserves which

[Host JV]

were valued back when it was like

[Co-host or Guest Analyst]

$45 an ounce back in the 70s.

[Host JV]

Times have changed.

[Co-host or Guest Analyst]

Now gold is valid at like 4500 an ounce. And there's over a 1.1 trillion accounting gap which would give them that revenue

[Host JV]

to be able to acquire Bitcoin. Amongst many other creative ways to gather Bitcoin for the United States of America

[Co-host or Guest Analyst]

so we can maintain our Superpower dominance around the world.

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[Host JV]

is Pod episode 2347. I'm your host JV Happy Sat Stack

[Co-host or Guest Analyst]

and Saturday is May 23rd, 2026.

[Host JV]

Congressman Nick's new strategic Bitcoin Reserve Bill has 21 co sponsors from day one. So bipartisan support across the board.

[Co-host or Guest Analyst]

It's happening. Can you feel it, fam?

[Host JV]

Now Fox News just revealed the reserve will be the new Fort Knox. Check this out.

[Co-host or Guest Analyst]

This is mainstream Fox News.

[Congressman Nick Begich]

In order to maintain the sovereignty of the US dollar and the strength of the US Dollar, you've got to have a strong reserve policy. That's why central banks around the world for so many years, thousands of years in fact, have held reserves on their balance sheet.

[Crypto Real Estate Expert]

So Begich wants the government to stockpile 5% of all Bitcoin, which is equivalent to how much of the world's gold the US stores in reserves. And he already found a way to to fund it without taxpayers. The treasury is currently sucking up crypto assets tied to Iran through operation Economic Fury. Baggage his plan, seize the Ayatollah's crypto and drop it straight into the US Balance sheet.

[Host JV]

So as you can see, bitcoin is the new Fort Knox stockpiling bitcoin, which

[Co-host or Guest Analyst]

they are going to hold for at least 20 years. Proposing 1 million.

[Host JV]

I say that's bearish, sailors. Proposing they purchase up 20 to 25%

[Co-host or Guest Analyst]

of the entire bitcoin network. As you can see here, arma found the 107x gold accounting gap, which means when they priced the gold, it was back in the 70s, 1973 to be precise, it was only 42.22 an ounce. And at today's price it's 4,500 an ounce. That creates a 107x gold accounting gap

[Host JV]

of 1.17 trillion, which is just another

[Co-host or Guest Analyst]

net neutral way to to purchase bitcoin. And if we were to purchase a

[Host JV]

trillion dollars worth of bitcoin, the market

[Co-host or Guest Analyst]

cap would double overnight and what do you think that would do to the bitcoin price? Drop it in the comments right down below. Now also you can see gold's accounting trick becomes bitcoin policy as ARMA would turn a strategic bitcoin reserve from executive

[Jack Mahlers]

order into permanent law. Let me know if you think this will likely happen.

[Co-host or Guest Analyst]

I say now is the time and I do think this will likely pass. And I do believe the Clarity act

[Jack Mahlers]

will pass this summer.

[Co-host or Guest Analyst]

And with all these headwinds, it's creating

[Jack Mahlers]

what's called the perfect storm. And right now, maybe the calm before the storm. Jack Mahlers broke the bull meter on

[Co-host or Guest Analyst]

live TV says Bitcoin isn't going for

[Jack Mahlers]

150Gs is going for everything. A 4 to 500 trillion savings market with a 100 to 200X Runway.

[Jack Mahlers (clip)]

See the price of bitcoin heading higher.

Higher.

How much higher?

A lot higher. My general framework from the highest level is human beings. Collectively we own about $900 trillion worth of stuff.

That's equities.

The things behind us, real estate, precious metals, fine art, all of the things that we own. Half of that we're using as a savings account. We're owning the portfolio of companies or the art or the house. I think bitcoin's going after that market. It's going after a market of 400 to 500 trillion dollars worth. And right now it's two and a half trillion. So I think in purchasing power terms, bitcoin can go up 100 to 200 times more from here.

[Host JV]

And there you have it. That was a throwback clip of Mahler's obviously from last year when the market

[Co-host or Guest Analyst]

cap was to two and a half trillion.

[Host JV]

Today it's closer to one and a

[Co-host or Guest Analyst]

half trillion as we have consolidated some since then.

[Host JV]

But he does firmly believe we're going

[Co-host or Guest Analyst]

to rise another 100 to 200x from here.

[Host JV]

Just to put that into perspective from a hundred thousand, if we were to

[Co-host or Guest Analyst]

move up 100x, that's $10 million per coin.

[Host JV]

But let me know if you agree disagree with Jack Mers and all my bitcoin ballers.

[Jack Mahlers]

Sailor suggests the US should purchase 20% of all the bitcoin.

[Michael Saylor]

The very simple thing that the US ought to do is they ought to sell the gold and buy bitcoin with it and buy 20% of the Bitcoin network. It' very simple. Just swap the gold for bitcoin. If anybody actually swaps out their treasury bills for bitcoin, then the US is going to own it all. It's kind of like Just getting Alaska or the Louisiana Purchase for free. They could pretty much have 20% of the network for free overnight, just with a swap. They could even print the money. They could buy it for next to nothing.

[Host JV]

Makes it sound so simple. Swap our gold reserves for bitcoin.

[Co-host or Guest Analyst]

Easy peasy net neutral strategy.

[Host JV]

There's already a trillion dollar accounting error

[Co-host or Guest Analyst]

we can tap into, I already pointed out.

[Host JV]

Also, we can just print worthless fiat monopoly dollars, or trade our treasury or

[Co-host or Guest Analyst]

T bills and put it into the hardest asset known to mankind and control effectively 20 to 25% of the entire bitcoin network for free.

[Host JV]

It doesn't cost us a dime.

[Co-host or Guest Analyst]

So why wouldn't the US government do that? That's my question for you. Let me know in the comments below and I'll read the comments out loud here in a bit.

[Host JV]

Cypherpunk legend Adam absolutely buried Mark Cuban on TV for selling all his bitcoin. Bitcoin is digital gold. It'll hit parity with gold this cycle, calling for one and a half million per coin.

[Mark Cuban]

On the other hand, you've got Mark Cuban, who of course is the billionaire, and he has basically said he just sold out his entire holding of bitcoin, concluding that it, quote, failed to act as a hedge against a weakening dollar.

[Mark Cuban Commentator]

Yeah, I mean, I think a reasonable analogy for bitcoin digital gold is physical gold and its market cap, which would see a 1.5 million val if bitcoin reached parity. With that in the bigger picture, you got to bear in mind, you know, a couple of years ago that bitcoin was a lot lower, like 10 times lower and things like that, right?

[Mark Cuban]

So remember 13,000 a couple of years ago and now look at it, 75,000.

[Host JV]

A few things I need to point out. First and foremost, the news doesn't have

[Co-host or Guest Analyst]

their facts straight because in the interview

[Host JV]

which we played a couple of days

[Co-host or Guest Analyst]

ago on the podcast where Cuban was nominated retard of the day by yours

[Host JV]

truly, he says, I sold all my bitcoin and two seconds later, well, I didn't sell all of it.

[Co-host or Guest Analyst]

That was caveat number one.

[Host JV]

He's a con artist.

[Co-host or Guest Analyst]

He's a habitual liar, pathological liar. And number two, the other big point is at the end of the interview

[Host JV]

he talks about how bullish he is on Ethereum. So obviously he doesn't want people to buy bitcoin. He's an Ethereum pusher, centralized garbage coin. At the end of the day, he's trying to convince his audience to buy Ethereum so he can get richer.

[Co-host or Guest Analyst]

So don't believe anything these suits tell you on tv.

[Host JV]

I do agree with what Adam Back had to share here. He's a living legend. Some refer to him as Satoshi. He obviously is in the know. Michael Sailor, smart man in the know.

[Co-host or Guest Analyst]

Jimbo Kramer, Mark Cuban, do not take financial advice from the clowns.

[Host JV]

Cathie Wood explains why bitcoin will go

[Co-host or Guest Analyst]

parabolic now that Kevin Wash is the

[Host JV]

Fed chair, the most pro bitcoin Federal Reserve in history.

[Cathie Wood]

Bitcoin is starting to outperform gold again. Gold peaked January 28, the day that wash was announced as the next Fed chairman if Congress approves him. And, and he is slightly hawkish. So bitcoin has been moving up relative to gold. That's, that's interesting.

[Host JV]

So you already know Ark Invest and Cathie Wood are extremely bullish. They're calling for 1.5 million on a base case. I know the bull scenario is over 3 million.

[Co-host or Guest Analyst]

And she's very smart, obviously early bitcoin adopter. She has her ear tuned in to the markets. And I do agree this is the most bullish administration we've ever had. We got a bullish president for the first time in history. We have a, you know, bullish Congress. Bipartisan support for what we're doing here. All across the board with all the

[Host JV]

new bills from the Strategic Reserve Bitcoin

[Co-host or Guest Analyst]

bill to the Clarity act. And also the Fed chair himself is pro bitcoin.

[Jack Mahlers]

How could you not be bullish right now?

[Co-host or Guest Analyst]

It just is like an oxymoron with all the bullish tailwinds. To still be bearish against bitcoin, you'd have to be Peter Schiff or Jim Kramer or Mark Cuban and believe bananas have more intrinsic value than bitcoin. This is brand new as well. The Trump admin wants to make purchasing a home with Bitcoin the real estate norm. A 4.2 million home already sold with bitcoin and closed faster than most traditional transactions. Breaking news. Check it out.

[Crypto Real Estate Interviewer]

Now this prospective home buyers can now use crypto to qualify for mortgages. Darren, how does it work?

[Crypto Real Estate Expert]

Hi David. This works by letting buyers pledge their bitcoin instead of having to save up a bunch of traditional cash. And now the Trump administration is officially opening the door to make that the real estate norm, basically. So recently Fannie Mae was greenlit to accept a crypto backed mortgage for the very first time in history. While most traditional private lenders are dragging their feet here over volatility concerns, young American buyers in their late 20s and 30s are leading the charge. And behind the Scenes niche and hard money lenders have already been using crypto to qualify ultra luxury buyers. But now it's breaking into the mainstream.

[Co-host or Guest Analyst]

That's major.

[Host JV]

Now, when I purchased the house I'm

[Co-host or Guest Analyst]

in back in 2022, I used the Bitcoin back loan and within 48 hours from looking at the home, I paid for the home. Because of bitcoin back loan, you can get funded within 24 hours. Now there's pros and cons and caveats and stuff. I'm not gonna get into the weeds

[Host JV]

here, but just goes to show you

[Co-host or Guest Analyst]

how fast a transaction could occur Outside the legacy system of purchasing something where it would take typically take 30 to 60 days, or like in Puerto Rico, could take 90 days. You can do that by collapsing time frames with bitcoin. So we already know bitcoin is the future. It's pristine collateral and all the major banks will soon be accepting it if they're not already. They want your bitcoin trust that Saylor says soon every billionaire will buy a

[Host JV]

billion dollars of bitcoin and the supply shock will be so great we stop measuring bitcoin in terms of fiat.

[Michael Saylor]

Because once you get bitcoin and it clicks in your mind, you, immediate reaction is, oh, I got to hurry and buy as much as I can because someone else is going to go take all my bitcoin away from me. So, I mean, that's a natural reaction. When it finally clicks in your head, like, why wouldn't every bitcoin billionaire in the world Go and buy a billion dollars of bitcoin, smash by it overnight and just to make a billion? Because why wouldn't they just want to make the billion dollars?

[Host JV]

And Saylor's a smart man. Clearly he knows what he's doing when

[Co-host or Guest Analyst]

he does these speeches. He's ultimately urging all the billionaires to smash, buy a billion dollars worth of

[Host JV]

bitcoin and send Bitcoin 10x overnight is

[Co-host or Guest Analyst]

effectively what would happen because there's a finite limited supply of the bitcoin.

[Host JV]

That's why this is such a big deal. When we start discussing how congress is

[Co-host or Guest Analyst]

now urging the US to buy 1 million Bitcoin over the next five years, virtually 200,000 per year for five years and holding that for 20 years. What do you think that's going to do to the bitcoin price?

[Host JV]

And the bigger picture is not just

[Co-host or Guest Analyst]

the USA accumulating 1 million bitcoin. It's the game theory is the global hash war of nation states competing to get a piece of that 21 million bitcoin pie.

[Host JV]

Because once it's gone and absorbed in, it's gone forever.

[Co-host or Guest Analyst]

And we already know millions of coins are lost and gone. We already know that 1.6 million have been absorbed between two entities. Strategy and BlackRock. And now with the US accumulating 1 million Bitcoin, how much bitcoin is going to be left for China, Russia, Saudi Arabia, the uae, you know, or maybe Brazil, which has a population over 300 million people.

[Jack Mahlers]

You do the math. Or countries like India, which have over a billion people. This is the game theory.

[Host JV]

Governments will start bidding wars at $1 million per coin.

[Jack Mahlers]

Strategy and BlackRock will be the banks

[Co-host or Guest Analyst]

loaning out the biddy.

[Jack Mahlers]

Incoming Omega candle Interference.

[Co-host or Guest Analyst]

Send it.

[Host JV]

When people realize that bitcoin is finite, they will go crazy. Most people don't realize how money works,

[Jack Mahlers]

so they don't understand a finite resource.

[Co-host or Guest Analyst]

Facts.

[Host JV]

Once the United States starts printing dollars specifically to buy bitcoin, that will mark the official hyperbolic death spiral and the

[Co-host or Guest Analyst]

end of the dollar.

[Jack Mahlers]

And you better get some before that happens. Preach. Mark Cuban equals a clown.

[Host JV]

Couldn't agree more.

[Jack Mahlers]

That's why his day Cuban is an NFT scammer. Facts on facts on facts. Mark Cuban is in favor of tampons and the boys and men's bathrooms. Very sad, isn't it?

[Host JV]

Cuban scam me on an NFT he promoted? Seriously learned the lesson. Yeah. Isn't it ironic that the scammer who promoted the scam NFTs is declaring Bitcoin is a scam?

[Co-host or Guest Analyst]

Now, if governments can start bidding for bitcoin, what price do you think breaks

[Host JV]

the public's brain first? 250,000? 1 million or higher. 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.