2371: 1,000,000 Bitcoin - The Countdown Has Started

Summary

---

Bitcoin News Alerts | Daily BTC Macro Signal

Episode 2371: "1,000,000 Bitcoin – The Countdown Has Started"

Date: June 17, 2026
Host: JV (with co-host Nipinator)
Notable Guests: Michael Saylor, Ricardo Salinas, Congressman Nick Begich, Senator Bill Haggerty

---

Episode Overview

This high-octane episode dives into the escalating institutional arms race for Bitcoin ownership, focusing on MicroStrategy ("Strategy")'s rapid accumulation and the new wave of ETF and government demand. The centerpiece is the potential for a single entity (Strategy) to reach 1 million BTC on its balance sheet by September 2026. The discussion is loaded with macro perspectives, regulatory updates, institutional buying trends, and sharp commentary on retail vs. "whale" behavior, with bullish conviction on the future of BTC as global reserve asset.

---

Key Discussion Points & Insights

1. Who’s Selling Their Bitcoin? (01:47)

• The hosts open with the question: "Who the hell is selling their Bitcoin?"
• Highlight the paradox—despite rising prices, major players like Strategy and institutional ETFs are buying even faster.

---

2. Strategy’s Accumulation and Institutional Demand (01:50–07:54)

• Strategy’s Hoard: Strategy (MicroStrategy) now holds 846,842 BTC, making it the single largest owner globally (02:31).
• September Countdown: Analysts predict Strategy will hit 1,000,000 BTC by September 2026; higher prices actually accelerate their buying due to better balance sheet/capital access (03:13, 05:47).
  • Michael Saylor (05:47):

    “It definitely happens this year. I would say most likely sometime around September. If the price of bitcoin runs higher, he accumulates faster, which is counterintuitive...”

• BlackRock’s iBit ETF: Now holds 766,412 BTC ($50B, ~3.65% of supply), but recent selling has put Saylor ahead (03:41, 06:07).
• All US Bitcoin ETFs combined: ~1 million BTC now held in USA ETFs.
• Supply Squeeze: Long-term holders (incl. Strategy/BlackRock/ETFs/governments) are permanently locking away enormous shares of the float, shrinking the available supply (04:25).

---

3. Implications: "Who Gets the Next Million?" (04:58–07:54)

• JV raises the critical question (04:58):

  “If strategy reaches 1 million bitcoin, while US spot ETFs already hold 1 million bitcoin, who gets the next million?”

• "Strategic Bitcoin Reserve Bill" in the US proposes the Treasury acquiring 1 million BTC as a strategic reserve (05:02).
• Factoring in “lost” coins (Satoshi’s stash, lost keys): true float is likely even lower (07:40).
• The ultra-scarce nature of Bitcoin is stressed, especially as large entities are removing supply from the market “forever.”

---

4. How Smart Money and Whales Buy vs. Retail (09:08–09:59)

• Retail Psychology:
  • Retail investors are drawn in at all-time highs but hesitant on dips or “bogo” (buy one, get one) opportunities (09:20–09:45).
  • "Don't follow retail, follow the whales, the smart money." (09:45)
• Accumulation Data: Realized cap data shows massive whale accumulation, echoing the theme: "The whales are buying bitcoin like never seen before." (09:08)

---

5. Ricardo Salinas: “Mortgage Your House for Bitcoin” (10:43–10:59)

• Salinas’ conviction:

  "I convinced my wife to mortgage the house that she has and take a loan to buy Bitcoin." – Ricardo Salinas (10:59)

• Salinas is all in: reportedly 70% of his $5B net worth is in BTC.
• JV’s reflection: "I guess the answer to how much bitcoin is enough. There's no such thing as enough." (10:59)

---

6. US Reserve Currency Status & Bitcoin’s Potential (11:28–12:56)

• Congressman Nick Begich: Highlights the cyclical nature (avg. 93 years) of world reserve currencies, and that "it could be a digital asset" replacing the USD (11:28).
• JV: "The US Dollar will not maintain being a world reserve currency for long...I can totally see Bitcoin becoming a world reserve currency." (12:04)
• Future scenario: "$sat parity"—when one Satoshi equals $1 (BTC = $100 million). JV challenges listeners to consider “by what year” that could happen (12:04).

---

7. Legislative & Regulatory Momentum (12:56–14:23)

• Senator Bill Haggerty (Clarity Act):
  Aims to create a comprehensive regulatory framework and certainty for institutions to allocate capital into BTC—"That's when the floodgates open, Pandora's box." (13:36)
• Ban on US CBDC: New bipartisan bill to block a Fed-issued central bank digital currency until at least 2030 (14:08).
• JV warns: “People are awakened to the sense they know [CBDC] is a fraud and it would be used to enslave us as humans." (14:24)
• Distinction between BTC (permissionless, uncensorable), stablecoins, and CBDCs (15:04–16:11).

---

8. Bitcoin’s Unique Properties & Long-Term Outlook (16:53–19:13)

• JV’s maxim:

  "Bitcoin’s bottom doesn't matter for long term investors. What matters is it remains permissionless, uncensorable, impregnable and unconfiscatable. Biatch." (16:53)

• Update: now over 200 corporations hold BTC on their balance sheets; nearly all major players (Vanguard, BlackRock) are exposed (17:48).
• Store of Value Narrative: Former UK finance minister says people have lost faith in fiat (18:14); dollars have vastly eroded in purchasing power (18:21).
• Saylor’s price forecast:

  “Bitcoin capturing just $10 to $20 trillion of global capital would inevitably push it from 70,000 to 700 grand to 7 million per coin … the next 10x target is a million.” (18:44)

• JV: "I say send it." (19:11)

---

9. Illinois’ Anti-Bitcoin Tax Law (19:22–21:18)

• New Law:
  From January 2027, Illinois will tax 0.2% on the gross value of all digital asset transactions, not just profits—“buy, transfer, store, you get taxed.” (19:43)
• Message to BTC companies: "Leave. Who the hell would want to experience this?" (20:16)
• JV and Nipinator deride the measure as theft and a sign of regulatory overreach; fear other states may follow.

---

10. Closing Q & A and Challenge (21:18–21:48)

• JV asks:

  "Who gets to 1 million bitcoin first: Strategy, US spot ETFs, or the United States of America?" (21:18)

• Final call to audience: check out the full podcast and join the discussion in tomorrow’s episode.

---

Notable Quotes by Segment

| Timestamp | Speaker | Quote | |------------|-----------------|-------| | 01:47 | Nipinator | "Who the hell is selling their Bitcoin?" | | 02:31 | JV | "Today, Strategy holds 846,842, which makes them the largest holder on the planet." | | 05:47 | Michael Saylor | "It definitely happens this year. I would say most likely sometime around September. If the price of bitcoin runs higher, he accumulates faster, which is counterintuitive." | | 09:45 | Nipinator | "Don't follow retail, follow the whales, the smart money. There's a reason they're whales to begin with." | | 10:59 | Ricardo Salinas | "I convinced my wife to mortgage the house that she has and take a loan to buy Bitcoin." | | 11:28 | Congressman Begich | "If history teaches us anything, it's that the reserve currency may not be the United States dollar forever. It could be a digital asset." | | 14:04 | Michael Saylor | "There is no second best. There is no second best crypto asset." | | 16:53 | JV | "Bitcoin's bottom doesn't matter for long term investors. What matters is it remains permissionless, uncensorable, impregnable and unconfiscatable. Biatch." | | 18:44 | JV (summarizing Saylor) | "Bitcoin capturing just $10 to $20 trillion of global capital would inevitably push it from 70,000 to 700 GS to 7 million per coin … the next 10x target is a million." | | 21:18 | JV | "Simple question. Who gets to 1 million bitcoin first: Strategy, US spot ETFs or the United States of America?" |

---

Memorable & Unique Moments

• Ricardo Salinas encouraging mortgaging the house for Bitcoin (10:59) – a radical, polarizing stance.
• JV’s “bogo” buy-one-get-one analogy for BTC at lows vs. highs (09:20).
• Sharp, irreverent commentary: “Because fiat currency is gay. Just as gay as centralized cryptocurrency, that's why.” (18:28) [Host's direct quote for tone accuracy.]
• Illinois "tax of the day" diatribe ridiculing state crypto tax policy (19:43–21:18).
• Chicken/egg race between corporates, ETFs, and government over BTC supply (04:58, 21:18).

---

Timestamps for Key Segments

• 01:47 – "Who is Selling?" Supply squeeze theme begins
• 02:31 – Strategy's current BTC holdings; institutional race
• 05:47 – Saylor predicts 1 million BTC for Strategy by September
• 09:20 – Whale accumulation vs. retail psychology ("bogo" effect)
• 10:43–10:59 – Ricardo Salinas: mortgage your house for BTC
• 11:28 – Congressman Begich on reserve currency cycle
• 13:09–13:36 – Senator Bill Haggerty on the Clarity Act and digital dollar
• 14:04–14:24 – Saylor: "There is no second best." and CBDC ban bill
• 16:53 – JV's original maxim on permissionless Bitcoin
• 18:44 – Saylor's road to $7M/BTC on capital inflow
• 19:43–21:18 – Illinois Bitcoin tax law critique and regulatory warning
• 21:18 – Closing roundtable: Who gets to 1 million BTC first?

---

Tone, Language & Style

• Raw, uncensored, conviction-driven. Hosts use biting sarcasm and streetwise analogies (“Nacho keys, nacho cheese,” “bogo,” “sat parity,” etc.).
• Anti-establishment, skeptical of fiat, pro-sovereignty.
• Aggressively bullish on Bitcoin, dismissive of altcoins and centralized crypto.

---

Final Summary

This episode encapsulates the current mania in institutional Bitcoin accumulation, with Strategy, ETFs, and national governments vying for dominance. The hosts hammer home the unsustainability of liquid BTC markets amid mounting permanent demand from whales, corporate treasuries, and financial behemoths like BlackRock. Legislative updates signal the mainstreaming of digital assets, but regulatory "dark horses" like Illinois’ new tax law provide a note of caution. The tone is unapologetically maximalist; if you want the state of the BTC macro signal, unfiltered—look no further.

---

Transcript

[JV]

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?

[Nipinator]

Progressive makes it easy to see if you can save when you bundle your home and auto policies.

[JV]

Try [e-mail] Progressive Casualty Insurance Company and affiliates.

[Nipinator]

Potential savings will vary. Not available in all states.

[Grow Therapy Announcer]

Everyone talks about summer like it's supposed to be carefree. But if this season brings up money, stress, body stress, family stress or social stress, that's real too. Grow Therapy can help with that. Whether it's your first time in therapy or your 50th, grow makes it easier to find a therapist who fits you, not the other way around. They connect you with thousands of independent licensed therapists across the US Offering both virtual and in person visits nights and weekends. You can search by what matters like insurance, specialty, identity or availability and get started in as little as two days. And if something comes up, you can Cancel up to 24 hours in advance at no cost. There are no subscriptions, no long term commitments. You just pay per session. Grow helps you find therapy on your time. Whatever challenges you're facing. Grow Therapy is here to help. Grow accepts over 100 insurance plans, including Medicaid in some states. Sessions average about $21 with insurance and some pay as little as $0 depending on their plan. Visit GrowTherapy.com BookNow to get started. That's GrowthTherapy.com BookNow GrowthHerapy.com BookNow availability and coverage by state and insurance plan Quick question.

[Nipinator]

Who the hell is selling their Bitcoin?

[JV]

So seriously, here's what's crazy. Bitcoin goes up, Strategy buys more. And when Bitcoin goes higher, strategy buys faster. Most people think the higher prices slow the buyers down. But now we're discussing 1 million Bitcoin by September, less than three months out. Fam not a million dollars and not a million shares. 1 million Bitcoin just a few years ago, people laughed when sailors started converting cash into Bitcoin. They also laugh when Strategy bought more. And they even laughed when Strategy borrowed money to buy even more. Then they laughed when Bitcoin crashed. And yet, somehow, every cycle, Strategy emerged with more Bitcoin.

[Nipinator]

Not less, more.

[JV]

Today, Strategy holds 846,842, which makes them the largest holder on the planet. And that isn't a prediction. And that isn't a target. That's literally what they already own. One analyst believes strategy reaches 1 million bitcoin by September. What's even crazier is the reasoning most investors believe. Higher prices reduce demand.

[Nipinator]

Bitcoin gets expensive.

[JV]

Buyers become cautious, Capital dries up, momentum slows.

[Nipinator]

That's how markets work. But strategy doesn't appear to operate that way. The thesis is simple. If Bitcoin rises, strategy's balance sheet improves, its access to capital improves, its and its ability to raise money improves. And also the ability to acquire Bitcoin obviously improves. In other words, higher prices don't slow strategy down. Higher prices accelerate strategy. That's the feedback loop. More people are beginning to notice. Bitcoin rises, strategy gains strength. Strategy buys more Bitcoin available, supply shrinks. Bitcoin rises again. Meanwhile, Black Rock just launched the new Bitcoin Income ETF official as as of yesterday. It's now live. The largest asset manager on earth continues building around Bitcoin. Black Rock's eye bit now holds 766,412 bitties worth roughly $50 billion, which is about 3.65% of Bitcoin's total supply. Meanwhile, the US spot Bitcoin ETFs now collectively hold roughly 1 million Bitcoin. Think about that. Strategy is approaching 1 million Bitcoin. And strategy continues buying. That's why the 1 million Bitcoin figure matters that not because 1 million is a nice round number, but because every Bitcoin acquired by the long term holders is Bitcoin removed from circulation. The market keeps acting like Bitcoin supply is unlimited. It isn't. There will only ever be 21 million. We all know that, right?

[JV]

And a growing percentage is moving into the hands of the institutions, the corporations, the ETFs, the governments and the long term holders with no intention of selling. That's what makes the September discussion so interesting. We're no longer debating whether strategy buys Bitcoin. We're no longer debating whether Bitcoin belongs on corporate balance sheets. Those debates are over. The conversation has shifted. The conversation is now, how quickly can strategy reach 1 million bitcoin? Because if strategy reaches 1 million bitcoin, while US spot ETFS already hold 1

[Nipinator]

million bitcoin, who gets the next million?

[JV]

That's my question for you. And let's not forget the US strategic reserve bill is proposing a acquiring 1 million.

[Nipinator]

Where are all these millions of Bitcoin

[JV]

supposed to come from? That's why I started today's show with

[Nipinator]

the question who is selling their Bitcoin? Serious question.

[JV]

Let me know if you have an answer. Of course the crazy part isn't how much Bitcoin strategy already owns. It's how fast they're still buying. Check this out. MSTR expert just said sailor strategy is on pace for 1 million bitcoin within the next three months. He says if the price of bitcoin runs higher, he'll just accumulate even faster. Check out this quick video clip.

[Nipinator]

You've said that. You see Michael Saylor is currently on

[Michael Saylor]

the path to acquire 1 million bitcoin.

[Ricardo Salinas]

When does that happen?

[Michael Saylor]

It definitely happens this year. I would say most likely sometime around September. If the price of bitcoin runs higher, he accumulates faster, which is counterintuitive. Sometimes people think if the price of bitcoin goes up, it's slower accumulation and that's actually the exact opposite. So I think in sometime around September of this year, 2026, he have a million bitcoin.

[JV]

So he said definitely happening this year, most likely by September. And if the bitcoin price rises, it'll only accelerate how fast sailor achieves the 1 million bitcoin milestone. So clearly it looks like Sailor is going to reach this much faster than ibit, but you never know. Consider about a month ago, both Black Rocks ibit, which is the largest bitcoin ETF in the world, and and Sailor's company Strategy were neck and neck with the same amount of bitcoin. In fact, one week Larry Fink would be a little higher than Sailor. And now Sailor has a pretty significant lead. That's only because Black Rock started dumping bitcoin more recently. And that's reflective in the price action which you can see on your screen because at one point they had 820,000 ballpark and right now it's closer to 760,000. While Sailor is steadily accumulating. In fact, Strategy only dumped 3:32 bitcoin, then the following week purchased another 100 million worth. Then the following week, which was this week, purchase another 100 million worth. So he's definitely a net buyer. But it's just fascinating how one entity can have 1 million bitcoin. And just between Black Rock and Sailor, two entities, that'll be 2 million bitcoin gone from the market forever. And when we start to factor in the strategic bitcoin reserve for the us, that's another million Bitcoin Satoshi's stash lost, gone forever. Stagnant, never going to move. 1.1 million bitcoin. 3 to 4 million bitcoin permanently lost, gone forever. You can see how scarce bitcoin truly is. Unlike any other asset out there.

[HomeServe Announcer]

A burst pipe, a dead water heater, the AC calling it quits. Who do you call. HomeServe is an easy way to handle unexpected home repairs with plans covering stuff basic homeowners insurance usually won't. Instead of scrambling for a contractor, you make one call to get the repair process started. Join the millions of customers who trust HomeServe right now go to HomeServe.com podcast for 50% less your first year. That's HomeServe.com podcast savings compared to renewal Price void in Florida still waiting in

[Stamps.com Announcer]

line again, that's time you'll never get back. Save time and money with stamps.com over 4 million businesses have skipped the line with stamps.com join them to save up to 90% off carrier rates from your computer or phone right now. Print postage for certified mail, registered mail and packages in seconds. Then schedule a pickup right from your home or office. For a limited time, go to stamps.com and use code podcast for a free welcome gift. Taxes and fees apply.

[JV]

Welcome everyone to POT. Episode2371 I'm the son of a gun JV alongside Fed Chair Nipinator Today is June 17, 2026. Now the whales are buying bitcoin like never seen before.

[Nipinator]

I always say follow the smart money, not the tards.

[JV]

And they know something is coming big time because here's the realized cap for the new whales and and you can just see massive accumulation.

[Nipinator]

I mean I'd expect nothing less. Especially when you get a bogo. Buy one, get one compared to the all time high which wasn't that long ago. Back in October we were 126,000. Today you can buy for 64. The crazy part is the retail is more attracted to paying more money for bitcoin and that's why there's an acceleration as the price rises. Everyone's lined up and wants bitcoin at

[JV]

an all time high.

[Nipinator]

When in price discovery need more bitcoin. Meanwhile it's bogo. Buy one, get one. You know, opportunity of a lifetime we've all been praying for and people are like I don't know, it seems a little risky. That's the psychology of retail. It's crazy. Don't follow retail, follow the whales, the smart money. There's a reason they're whales to begin with. Let me know if that resonates now. Mexican billionaire Ricardo Selenas says Bitcoin is better than an investment. Bitcoin is a better investment than real estate. Predicting it'll eventually reach 1 million per coin. He holds 70% of his estimated 5 billion dollar net worth in bitcoin. I'd expect nothing less. It's the only currency which cannot be confiscated by the forces of evil. And speaking of Selenas, this is a brand new video clip I haven't even watched yet where he's given advice. Convert your home equity into Bitcoin. I've heard sailors say that before. He says, I convinced my wife to mortgage her house to buy Bitcoin. Check it out.

[Ricardo Salinas]

I think the best advice for average people is instead of thinking about your home equity, convert that equity into Bitcoin. I know this is a controversial theme. I convinced my wife to mortgage the house that she has and take a loan to buy Bitcoin.

[JV]

What are your thoughts on Selena's convictions? He got a $5 billion net worth legend telling you mortgage your house to buy more bitcoin. I guess the answer to how much bitcoin is enough. There's no such thing as enough. Clearly you just need more. Regardless, this just in. Congressman Nick Begich says he introduced a strategic Bitcoin reserve bill because the world reserve currency may not be the US Dollar forever, it could be a digital asset. Check this out.

[Congressman Nick Begich]

Another chart that we might be able to put up is that of the reserve currency status over time. So when you look over the last several hundred years and people in the space will be familiar with this chart, you can see Portugal has had the reserve currency status. France has had it. The UK has had it. Spain has had it. We're the most recent nation to be provided with the privilege of a reserve currency. But the reality is that every 93 years on average, that reserve currency changes hands. If history teaches us anything, it's that the reserve currency may not be the United States dollar forever. It could be a digital asset.

[JV]

I'll tell you one world reserve currency won't be Ethereum or Salana. But on a serious note, he's right. The US Dollar will not maintain being a world reserve currency for long. It's on its deathbed. I would describe it at the hospice right now alongside Ms. Bance, Janet Yellen. I can totally see Bitcoin becoming a world reserve currency. And if it does, or better yet, when it does, that's when the conversation of $sat parody will become very common. And that would be bitcoin valued at $100 million per coin because one Satoshi is worth the equivalent to $1. Can you see that happening? And by what year can you foresee it? Holl at your boy in the comments. Now, Senator Bill Haggerty, author of the Genius act, said he hopes the Clarity

[Nipinator]

act assigned into law in July, which

[JV]

is only two Weeks out. By the way, he says we need

[Nipinator]

to get this done. It is important to get her done. It's critical to maintain America's innovation edge.

[JV]

Check it out.

[Nipinator]

This was on Fox Business where the

[Senator Bill Haggerty]

Clarity act is taking us. It's creating the type of certainty that's necessary to bring the entire digital asset framework into full blown opportunity here in America. If you look back at the genius act that I authored that brought America into the digital payments arena, we now are in a position where America will continue to lead as the reserve currency of the world. But because we now have a reserve digital dollar that's backed dollar for dollar by short term U.S. treasury securities, there you go.

[JV]

Get or did before the end of July. This will be massive. As you know, the big reason we need the Clarity act to pass is it will provide the clarity the institutions, the banks and the massive pools of capital worth hundreds of trillions of dollars need to green light allocation into bitcoin. That's when the floodgates open Pandora's box. All the money flowing into bitcoin because what better place to park your funds? What's the alternative?

[Michael Saylor]

There is no second best. There is no second best crypto asset.

[JV]

But anyways, breaking news. The U. S. House and Senate just released a final bipartisan bill to ban the Fed from issuing a cbdc. America does not want one. But an interesting part of the bill, it says it can't have one until 20, 30, 30.

[Nipinator]

Kind of leaving it on the table

[JV]

for at the top of the decade which is only three and a half years out. That's that. But I am proud of our community for bringing forth the awareness of how evil a central bank digital currency is. And for us to even have a bill which doesn't allow it is a step in the right direction. That means people are awakened at least to the sense they know it's a fraud and that it would be used to enslave us as humans. No different than they have done with the US dollar via the Federal Reserve. But it would be even worse because the digital version can be programmed, it can have an expiration date. They can do all sorts of things. That is not good.

[Nipinator]

The biggest of all of them, that is bad. Hitting the freeze button.

[JV]

You know all the propaganda out there,

[Nipinator]

Bitcoin, there's some nerds sitting back there

[JV]

and they'll just hit the freeze button

[Nipinator]

and it goes to zero.

[JV]

We have geniuses like what's this name? Terence Howard. And yes, I'm being sarcastic, he was once tart of the day obviously. But they just say it's going to go to zero. They just push the button. And even Peter Schiff on his recent debate that we shared in the previous podcast where Pompano eviscerated him during the gold debate, Peter Schiff made the argument that didn't the United States government just freeze Iran's bitcoin?

[Nipinator]

They can just freeze it.

[JV]

No, you froze their tether usdt. Bitcoin doesn't have a freeze button. Peter Schiff. Pompliano didn't get to address that and I forgot to reference that when I

[Nipinator]

watched the clip and it just popped

[JV]

up in my unconscious mind.

[Nipinator]

There's a lot of tards out there. Note cbdc.

[JV]

Same thing as Stablecoin and the other centralized cryptos.

[Nipinator]

They can freeze it.

[JV]

Bitcoin is the only unconfiscatable crypto when properly self custodied.

[Nipinator]

Remember that.

[JV]

And don't forget to get your crypto off the exchanges.

[Nipinator]

Nacho keys, nacho cheese. And if you're going to eat nacho cheese, you might as well have jalapenos on that bitch. They're delicious. Spicy. But anyways.

[HomeServe Announcer]

A burst pipe, a dead water heater, the AC calling it quits. Who do you call? Homeserve is an easy way to handle unexpected home repairs with plans covering stuff basic homeowners insurance usually won't. Instead of scrambling for a contractor, you make one call to get the repair process started. Join the millions of customers who trust HomeServ Serve right now. Go to homeserve.com podcast for 50% less your first year. That's homeserve.com podcast savings compared to renewal

[Nipinator]

price void in Florida Bitcoin's bottom doesn't matter for long term investors. What matters is whether it then trades to a hundred G's, 200 G's and a million. Now that's a quote by the Bit Y CIO Matt Hougan Decent quote, but I say more importantly, I'm going to give a JV original here. Bitcoin's bottom doesn't matter for long term investors. What matters is it remains permissionless, uncensorable, impregnable and unconfiscatable. Biatch. Quote me. You know I want credit for that one. Now check this out. Breaking news. Hyperscale data and AI and Bitcoin data center reveals it now holds 713 Bitcoin and its treasury a 36% growth over the last six months. And there's now over 200 corporations with Bitcoin on the balance sheet and almost all the massive institutions have some form of exposure to bitcoin at this point, including Vanguard and BlackRock. We know BlackRock has the largest Bitcoin ETF. But also consider that Vanguard is the primary shareholder of companies like Strategy, which is the largest bitcoin holder in the world. In fact, if you do your deep dive rabbit hole research, you're going to notice Vanguard and BlackRock are the primary shareholders of virtually every company and the S&P 500. So you. Damn straight they got massive bitcoin exposure.

[JV]

Former finance minister of the UK just said people are losing faith in fiat currencies.

[Nipinator]

You don't say.

[JV]

And he says in 1970, the dollar

[Nipinator]

bought 12 times more goods than today. People are looking at bitcoin as a store value.

[JV]

And to summarize this great finance minister and keep it simple, why bitcoin? Because fiat currency is gay. Just as gay as centralized cryptocurrency, that's why.

[Nipinator]

Take that wop evildoers.

[JV]

Now sailor says Bitcoin capturing just $10 to $20 trillion of global capital would inevitably push it from 70,000 to 700 GS to 7 million per coin, which is ultimately factors of 10. We've seen Bitcoin move from a dollar to $10, 10 to 100, 100 to a thousand, 1000 to 10,000 and 10,000 to 100 GS. The next 10x target is a million.

[Nipinator]

I say send it.

[JV]

And let me know if you agree or disagree with the Gigachad. And by what year are we likely to hit 700,000 or 7 million per biddy? Holl at your boy.

[Nipinator]

This is the man. This is the tart of the day. Because he is the one responsible for the tax on the state of Illinois just for having crypto. It's insane. Let's see if I can shame his name. Governor JB Prickster. Because he's a prick. Now it all makes sense. It's all coming together.

[JV]

Illinois just signed the most aggressive bitcoin

[Nipinator]

tax in the U. S. Starting January 2027, the state will impose a 0.2% tax on the gross value of digital assets exchanged, transferred or stored for customers. You buy bitcoin, you get taxed. Transfer bitcoin from one wallet to another or an exchange to a wallet, you get taxed. Hold with a custodian, you get taxed. No profit required, no capital gain. Just moving a digital asset will trigger the tax.

[JV]

The message to every bitcoin company in Illinois is clear.

[Nipinator]

Leave. Who the hell would want to experience this?

[JV]

Because if you give the government an inch, they take a foot.

[Nipinator]

They can simply say you know what? We need to raise more tax dollars

[JV]

in the future years and say we're

[Nipinator]

going to up that 2% crypto fee to 2%. And what? Who's going to stop them? That's why you can't allow this to happen. But the unfortunate news it's already a done deal. That is blasphemous. It's the equivalent of having $100 in one pocket on your right side and moving it to your left pocket up. Give us our 2% tax. Go yourself. Taxation is theft and that's why this mofo is tarred of the day. But what are your thoughts on this type of taxation? Do you think other states may implement it and follow in their footsteps? We supposed to be eliminating taxes on crypto, not adding new tax Such seems a lot of the retards around lately.

[JV]

Couldn't agree more. Just a lot of tarts.

[Nipinator]

They say tars of a feather flock together.

[JV]

Simple question. Who gets to 1 million bitcoin first strategy US spot ETFs or the United States of America. 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.

[Libsyn Ads Announcer]

Marketing is hard, but I'll tell you a little secret. It doesn't have to be. Let me point something out. You're listening to a podcast right now and it's great. You love the host. You seek it out and download it. You listen to it while driving, working out, cooking, even going to the bathroom. Podcasts are a pretty close companion. And this is a podcast ad. Did I get your attention? You can reach great listeners like yourself with podcast advertising from Libsyn Ads. Choose from hundreds of top podcasts offering host endorsements or run a pre produced ad like this one across thousands of shows. To reach your target audience in their favorite podcasts with Libsyn Ads, go to Libsyn ads.com that's L I B S Y N ads.com today.