2338: Saylor's $14 Billion Bitcoin Reversal - The $7 Million BTC Signal

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**Justin Verrengia** (1:00)
If you're waiting for Bitcoin to give you the perfect entry, stop waiting, because Bitcoin doesn't reward hesitation. It punishes it. Every time Bitcoin takes off, the same thing happens. The crowd gets left behind and Bitcoiners get richer. The question isn't whether Bitcoin goes higher. It's whether you own enough before it does. Bitcoin just exploded 27% in less than a week, and the bears still think they're getting another chance. They never learn. Bitcoin doesn't wait for Wall Street. It doesn't wait for the Fed. And it sure as hell doesn't wait for you to feel comfortable. When demand comes roaring back, the most scarce monetary asset on earth does exactly what it was designed to do. It reprices and fast. And while the bears are still trying to figure out what the hell just happened, Saylor's Bitcoin bet just experienced a $14 billion reversal from a $9.5 billion unrealized loss to $4.7 billion unrealized profit in less than a week. That is what Bitcoin repricing looks like. And where this ultimately ends makes today's Bitcoin price look cheap. Because Saylor isn't the only institution getting rewarded for understanding Bitcoin before the crowd. Wells Fargo just disclosed more than $1 billion in Bitcoin exposure, one of the largest banks in America, a $3 trillion banking giant. And as Bitcoin exposure reportedly increased more than 250% in just a few months. Let that sink in. The same banking system Bitcoin was created to escape is now scrambling to get exposure to Bitcoin. Meanwhile, Bitcoin is having its third best August ever. Shorts are getting liquidated, Wall Street's accumulating, corporations are stacking and banks are increasing exposure. Meanwhile, the supply is still 21 million forever. This is the part the bears consistently get wrong. They look at Bitcoin after a 27% explosion and think it becomes expensive. Bitcoiners look at the same move and understand what actually happened. The market just repriced scarcity. And as larger pools of capital compete for an asset whose supply cannot respond, that repricing becomes more violent. There is no Bitcoin central bank waiting to increase supply. Demand can increase exponentially.
Supply can't. That's why $7 million Bitcoin belongs in the conversation. I know it sounds enormous and it should because Bitcoin isn't competing with another crypto. It's competing with money. Check these stats. Global real estate is $379 trillion. Global equities $157 trillion. Global bond market $140 trillion. Gold more than $30 trillion. Now put $7 million Bitcoin into perspective. At $7 million per coin, Bitcoin's maximum $21 million supply would be worth roughly $147 trillion. That's roughly the size of the entire global bond market. Still smaller than global equities and less than half the value stored in real estate. Suddenly $7 million Bitcoin doesn't sound so freaking crazy. Bitcoin doesn't need to capture all of that wealth. It only needs to capture a meaningful share of the hundreds of trillions already searching for somewhere to preserve purchasing power. And every new institution that arrives makes the next institution's decision easier. Strategy buys, ETFs buy, banks gain exposure, governments establish reserves, other nations watch, then suddenly owning zero Bitcoin becomes the risk. Nobody wants to explain. That's when the game changes. Most holders aren't waiting to hand theirs over cheaply. So when demand overwhelms available supply, Bitcoin doesn't ask permission. The price moves $100,000, $250,000, $1 million. And eventually numbers that once sounded impossible become the price required to find the next seller. Bitcoin just moved 27% in less than a week. Saylor's position reversed $14 billion. The institutions are getting the message. The bears eventually will too. Bitcoin isn't becoming expensive. Fiat is becoming cheap. Now this is what the bears never understand. A 27% move doesn't make Bitcoin expensive. It just shows you how fast scarcity can reprice. And when billions more start chasing the same limited supply, today's Bitcoin price is going to look cheap. Let's start right here. Just then, Bitcoin did surge to $81,000 overnight as $225 million in shorts are liquidated from the market in 10 minutes. That's one block. Tick-tock. Look at the charts. We're going straight vertical like Michael Jordan in his prime. Also, as you can see here, Saylor's strategy now has roughly $4 billion in unrealized profit on his Bitcoin investment. Remember when Peter Schiff was saying, Saylor is going to be forced to liquidate all his Bitcoin and investors are going to go bankrupt along with the company as Bitcoin crashes to zero? Well, that scenario sure as hell didn't play out. So hopefully, you didn't listen to Peter Schiff. I'm just saying.