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2353: $1 Million Bitcoin Is The Floor - Dollar Collapse Accelerates
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Liberty Mutual customizes your car and home insurance. And now we're customizing this rush hour ad to keep you calm, which could help your driving. And science says therapy is great for a healthy mindset. So enjoy this 14 second session on us. I think you've done everything right and absolutely nothing wrong. In fact, anything that hasn't gone your way could probably be blamed on your father not being emotionally available because his father wasn't emotionally available, and so on. And now that you're calm and healing, you're probably driving better too. Liberty. Liberty. Liberty. Liberty. Instacart makes grocery shopping easier. And just because you're not doing the shopping yourself doesn't mean you don't care how it's done. With Instacart Shopper notes, you can get particular about what you want right in the app. Like rotisserie chicken, that's extra crispy steak with marbling the Romans would have loved, and lettuce you'd actually pick yourself. Just leave a note for your shopper so they can get it right for you without having to ask. That way you can get groceries just how you like. Down download the Instacart app and shop. Today, most people think Bitcoin is too volatile. What if it's the dollar that's the volatile asset? What if we're measuring everything backwards this entire time? Because the story everyone is watching might not be the real story? Check this out. Most people think Bitcoin needs to reach $1 million. But what if Bitcoin doesn't have to do anything? What if the real story is the US Dollar? Because that's the part almost everyone misses. Bitcoin has not changed the the supply hasn't changed, the code hasn't changed, the rules haven't changed. There will still only ever be 21 million Bitcoin. So if Bitcoin itself isn't changing, why do price targets keep getting bigger? Because the measuring stick keeps shrinking. And that's why Anthony Pompliano says he's absolutely certain Bitcoin will reach a million dollars per coin. Not because Bitcoin is suddenly becoming more scarce. Not because of the hype, not because speculation, but because governments cannot stop printing money. That's a fact. And the evidence is everywhere. The United States is running trillion dollar deficits. National debt continues exploding, Higher interest expenses continue climbing. Politicians keep making broken promises, Central banks keep expanding. And every solution requires more currency creation than the solution before it. That's the trap the system cannot stop because the moment the money printing stops, the debt burden becomes impossible. The to sustain. So policymakers keep choosing the same answer. More liquidity, more spending, more currency, and more debt. And every new dollar competes against every dollar that already exists. That's why Bitcoin matters. Because Bitcoin doesn't care. It doesn't ask permission. It doesn't hold meetings and doesn't change supply targets. It doesn't print a few trillion more coins when things get difficult. The supply remains fixed forever. And that's where the repricing begins. You because Bitcoin is no longer competing against gold alone. It's competing against every store of value on earth. Cash, bonds, real estate, equities, savings, anything people use to preserve their purchasing power. And the larger the debt problem becomes, the larger the pool of capital searching for protection. That's why the institutional story matters. Because Wall street is no longer debating whether Bitcoin survives. That debate is over. The conversation has shifted. The now the question is how much Bitcoin should we own? ETFs are buying, corporations are buying, Treasuries are buying, states are exploring reserves, banks are building infrastructure. And every new buyer is competing for the same fixed supply. Not a growing supply, a fixed supply. That's why the one million dollar target isn't the point. Because the real story isn't a price target. The real story is the continued decline of the measuring stick itself. Every year more dollars are created, printed out of thin air. Every year, more debt is issued. Every year, the system requ greater intervention to keep functioning. I call this the matrix. And every year Bitcoin remains scarce because if the dollar has no bottom, what exactly caps the value of a scarce asset? Would a fixed supply? That's the question most people are beginning to ask. And it's the reason the conversation around Bitcoin continues getting larger. Not because Bitcoin changed, because the world around it is changing. So here's the question. If governments never stop printing and the measuring stick keeps shrinking, what exactly is Bitcoin worth? So if you think the one million dollar Bitcoin sounds ridiculous, Pompliano just went on CNBC and said he is absolutely certain Bitcoin is headed to a million dollars a coin. Not because Bitcoin changed, but because the dollar did. Check this out. There's a brand new interview clip. So the big question is, if you think about bitcoin, is the U.S. government going to stop printing money? If they do not start printing money, which I don't think they're going to stop, that means that Bitcoin at some point in the future is going to be back It'll be the pretty girl at the bar again. That'll be the catalyst. And the hard part of predictions is you can pick price and you can pick time. Now, as I've gotten to play this game longer and longer, you start to realize picking price is the easy part. The timeline is always the hardest part. And so do I think Bitcoin hits $1 million one day? Absolutely. The question is, does it happen in five years or 40 years? I have no clue. And that's an infamous Max Kaiser quote. So I want to give him credit on that. Bitcoin has no top because fiat has no bottom. But it's simple mathematics. If they're going to continue to print more monopoly dollars, which is a guarantee because they have to, it's just going to make scarce assets like bitcoin, which have a finite limited supply, that much more valuable. It's the only form of money in existence that we have ever had in human history where you can't create more of it. And that's what makes it so special. One of many reasons. So do you agree with Pompano that bitcoin is heading to a million dollars and he's absolutely sure of it. Let me know your thoughts in the comments. This just in, this is interesting. Someone just published the entire U.S. constitution on the bitcoin blockchain right here. How cool is that? There's all sorts of like intricate messages throughout the blockchain. And also breaking news. Texas just announced they're planning to buy more bitcoin for the reserves. First state to buy bitcoin openly. So shout out to the Republic of Texas doing big things now. Let's see if the rest of the United States follows behind state by state. And also let's not forget we got the Bitcoin Strategic reserve bill which is being reintroduced. And once that baby gets signed off on, it's game on. Combine that with the Bitcoin Clarity act which we'll discuss a little later. Today is POT episode 2353. I'm your host JV alongside Fed Chair Nipinator keeping them nipinating. Today is Friday, May 29, 2026. Texas announced that creation of the Texas Strategic Bitcoin Reserve Advisory Committee. Looking for a qualified firm to custody their bitcoin when they buy more. Who do you think they'll likely choose? I'll just read you this part highlighted in blue. Texas Strategic Bitcoin reserve selected firm will securely acquire, hold, manage and report the state's bitcoin and crypto holdings while delivering institutional grade security cryptocurrency key management and operational controls. One of the bigger custodians is Coinbase prime. They hold over 900,000 bitcoin for folks like Michael Sailor, Black Rock, but I'm sure they're diversified and they have other holders as well. But very interesting Also we got more breaking news. This is big. The United States just approved the first regulated Bitcoin perpetual futures contracts for the first time in history. This was announced on KI. Now you can boost your earnings this Coinbase One member month until May 31st. Any newly staked assets will get a 40% boost for 60 days. That's extra passive income. Coinbase One is built to help you get more out of your money. With zero trading fees around 3.5% APY on USDC boosted staking and lending rewards and up to 4% Bitcoin back with the Coinbase One card. This is your last chance to take advantage of the 3% deposit. Boost your share of the 5 bitcoin if you out predict pro pro basketball coach, lethal shooter plus a chance at a private shooting session, a 50 bitcoin bonus when you spend a hundred dollars on a new Coinbase One card in the first 30 days and the 20 discount on the first year of annual plans all ending in just a few days. Score your boost before May 31 at coinbase.com forward/btc news last chance to join at coinbase.com BTC news before member month ends. No purchase necessary. See rules and other ways to enter terms apply to other offers. Futures Slash swaps via Coinbase Financial markets risk of 100% loss payouts event based not investment advice not available in Nevada Coinbase One card is offered through Coinbase Inc. And Cardless Inc. Cards issued by First Electronic Bank. Bitcoin back rates are based on cardholders assets on Coinbase with Verbocare Help is always ready before, during and after your stay. We've planned for the plot twists so support is always available because a great trip starts with peace of mind. Kalshi the prediction market Perpetual futures will finally come into America. Trade on future asset prices with leverage and a regulated institutional grade environment. It's gambling at the end of the day but it's here. So very interesting. Let's see how this impacts the market. Also, Treasury Secretary Scott Bessant says the U.S. government has seized a billion dollars of Iran's crypto. He says just outright grab the wallets. Some of them may be typing in right now might not even realize their wallet has been grabbed. Check this out. It's oh here they have at it. So we've frozen Iranian bank accounts after they, after they started getting bombed by Iran. Yes, but it was big. It was a big strategic, big mistake failure on the financial side. And you jumped right in and we jumped right in and you know they've been very good partners. We, I believe that we have seized about $1 billion of their crypto and just outright seized it. Just outright grabbed the wallet. Some of them may be like typing in right now and realize they might not realize that their wallet had been grabbed. Now I don't know how this makes you feel but to me it's disturbing to hear these smiles and laughs about stealing cryptocurrency from other countries. You know how they did it? There's a freeze button. With tether stable coins can be frozen and effectively worthless. They virtually reached out to the tether team and said we need to freeze these funds, there's terrorists. And without question the tether team freezes the cryptocurrency of the Iranian government or people. But they're claiming yeah we stole it from the bad guys who stole it from the people but we're the ones stockpiling the crypto. Are you giving it back out to the people? Doesn't look to be that way. Slimy bastards. I, I just don't like other people stealing from others. Even when you steal from criminals it makes me feel a certain kind of way. Like how can you be proud of that? Yeah, they stole it from the Iranian people. Show me some evidence that they stole it. You stole it from them, you froze it. And that's why we have to use self custody bitcoin. You cuz you can't freeze what's not left on the exchange. Take that evildoers. But it is true. I remember when the story came out a week or two ago when the Iranian people lost like or government, I should say 370 plus million dollars which was effectively frozen in tether USDT. But guess what? You cannot freeze bitcoin unless you keep it on a centralized exchange like a. I just want to throw that out there. Makes me feel, you know, disgusted inside. You give it back to the people. If you're going to steal it from their government, give it back to the people. That's all I gotta say. There's my rant right there. Strive SATA Bitcoin accumulation hits a new weekly all time high of 1469 BTC with still one day trading this week, which is today. That's an 8.9 increase in holdings. To match that pace, strategy would need to buy 75000 Bitcoin in a week. Will he do it? Will the Gigachad come through? But yeah. SATA is not playing around. They're following the sailor playbook as many corpor right now. And corporations now hold well over a million Bitcoin. Obviously with sailor having the lion's share over 840 000. But who's counting besides me? Telegram CEO Pavel says I've had a few hundred million dollars in my bank account or in Bitcoin since 10 years ago. Number one priority in my life is my freedom. Check it out. Also for me it was never about money. Right? So I have a few hundred million dollars in my bank account or in Bitcoin since 10 years ago. And I don't do anything with it. I don't own any real estate jets or yachts. I don't think those this lifestyle is for me. So let me translate what he is trying to say. All other assets outside of Bitcoin can effortlessly be confiscated by corrupt governments. He has already experienced it. Only his Bitcoin is safe. And that's what Iran just discovered as well. And that's why they're now accepting Bitcoin payments moving through the Strait of Hormuz. And that's a very smart move because you cannot sanction bitcoin. They can't confiscate what doesn't exist. Take that Palm Beach Pete. But anyways. Max kaiser back in 2011 called Bitcoin the currency of the resistance. And the biggest story of the decade. Over 15 years later him and Stacy are the greatest bitcoiners to ever live. They orange pilled millions of people via the Kaiser report. And and I have nothing but love and respect. Here is the proof of work. This is the biggest story of this decade going forward is the transition from the old way of doing business around the world to the bitcoin way of doing business which is purely anonymous. And this is the great achievement of the global insurrection against banker occupation. Bitcoin is the currency of the resistant. That's right. Is the global insurrection against banker occupation. Hang the bankers. I'm running out of patience. Start with Jamie Diamond. Sick of all his statements. But isn't that something? Roi since Max and Stacy started publicly talking about bitcoin on international TV is now up 639,900%. Back when this video clip was aired bitcoin was $15 or less. Crazy. And you guys don't think bitcoin can 10x and hit a million dollars? What are you smoking? Because it must be some good pass it this ways. That's all I'm saying. So shut up. Shout out. Max and Stacy, this just in. SEC Chair Paul Atkins just said live on Fox he's confident President Trump will sign the Bitcoin Clarity Act. Innovation will happen in America. U. S will win the race before China. When it comes to bitcoin, we need to lead, follow, or get out of the way. Check this out. JP Morgan CEO Jamie Dimon lashes out at the Clarity act, says banks are going to fight. And Coinbase CEO Brian Armstrong is full of shit. We'll fight it. If we lose, we lose. It'll be a fight.
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Second one may be a sex trafficker. So, you know, this is complicated. And the governments do it thoughtfully. If they don't do it thoughtfully, it will, because it'll be a huge problem. So are you happy with the way
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the Clarity act is turning out?
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No. No. Because it allows them to effectively pay interest on deposits, stable coins or something like that without the protection that they should have. And it doesn't do anything for aml, bsa. It has almost no legal protections. So no, it's. The banks will not accept it that way.
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They want to.
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The aba, the small banks, the credit unions, not just the big guys. I'm not worried about stablecoin, but if it happened, I'm telling you, I would have nothing to do with it. And it would eventually blow up on its own.
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Well, the markup is coming. I mean, what are you going to do about it?
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It is. We'll fight it. If we lose, we lose and we'll live.
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Okay?
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But it will be fought. This will not be. No. No one's going to bow down to this guy, okay? Or that company. He's the only one. And he's spending hundreds of millions of dollars in Washington. This thing he said he's.
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He's representing the whole shit. Wow. So first and foremost, I think Brian Armstrong and Jamie Dimon should have like a mixed martial arts fight and handle it in the octagon. But isn't it ironic the biggest banker scumbag in the world has nothing ever good to say when it comes to bitcoin adoption or moving things forward with the United States. You want to know why? His pressure point right there is that the stable coins are paying yield. And he is the largest banking institution CEO in the United States for JP Morgan Chase and it undermines his business model. He is not a fan of it. And he's been fighting Bitcoin now for as long back as I can remember. Maybe dating back seven, eight years ago. And now even though he's fully embraced it, he still talks his and I can't stand it. Just be happy you're a billionaire and shut the up Jamie. Scumbag diamond. But that's my two satoshis. Let me know how you feel. Here's something I was sharing for the end of the show. This is Brian Dixon and he reveals who he believes Satoshi is the satoshi who wrote the white paper. And this is very powerful and this is the best theory I have heard yet. So check it out. I think the story of Satoshi is I do think he actually came from intelligence. Really? Yes. Oh shit yes. But something didn't go as it was meant to go. Two of his students was someone called Len Sasserman and there was a company set up in Netherlands that also was connected to Hal Finney. Now today both Len Sasserman and How Finney are dead. The one the wrote the white paper was Len Sasserman and the first person that did the first bitcoin transaction was Al Finney. Very powerful video clip on the identity of Satoshi. This is the gentleman here. And there's even in one of the blocks an image of him which looks shockingly similar. This is the best theory I have heard which has been presented. I do believe this is the identity of Satoshi with How Finney receiving the first bitcoin transaction. But let me know your thoughts in the comments and with what I just shared with you. The theme of today's show is there is no ceiling on how high bitcoin can go. Cuz there is no floor to the bottom of how low fiat will go. Especially with that money printer going burr. They're going to create hyperinflation in the United States. It's already happening. Just look at the prices of everyday groceries or gasoline etc. The purchasing power of the dollar is doomed. The bitcoin has a complete opposite effect. Continuing to go parabolic against the dollar. Real estate being the perfect example. How many hundreds or thousands of bitcoin did it take 10 years ago to buy the average home in America? How many bitcoin is it today? 6. How many Bitcoin will it be in another decade? Maybe 0.1 Bitcoin. Eventually 0.001 Bitcoin. That's because bitcoin is perfect money. It's pristine collateral and it's mathematically guaranteed your purchasing power. If you want to bet against the US dollar and bet towards the fact they're going to continue printing money, you hedge that bet in Bitcoin because it's a mathematical certainty. The fiat value of your Bitcoin is going to continue to do what it does best. Go up forever. Laura the government can't stop printing or the entire debt system would fail. Keynesian economics at its finest. Blockchain does not like the stock market. Inflation's actually closer to 19%. That's what I'm saying. The Misery index is close to 25%. Jamie demon Damon demon two faced son of a gun. The banks are pissed that their monopoly on interest payments are going away. Goodbye to that easy money buddy. Jamie, how much money laundering have you done? And let's not forget Epstein's banking institution of choice, JP Morgan Chase. That means Jamie Dimon and Epstein and Palm Beach Pete. Same club. If the dollar has no bottom, what exactly is a bitcoin worth? And don't forget to check out bitcoin news alerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode Hoddle.