2360: Bitcoin Crash Sparks Historic Ownership Transfer

**Justin Verrengia** (0:00)
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**SPEAKER_3** (0:42)
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**Justin Verrengia** (0:53)
Imagine being terrified because Bitcoin is the cheapest it's been all cycle.
That's like being scared because a Ferrari just went on sale. The fact is five years from now, nobody will care about this crash. They'll only care about one thing and that's whether you bought it. Check this out. The market sees the Bitcoin crash. The biggest buyers see a clearance sale because while fear spreads, the strongest Bitcoin buyers keep getting more aggressive. Bitcoin ETFs just suffered their fourth straight week of outflows. 1.7 billion left Bitcoin ETFs last week alone. That's the largest weekly outflow in over a year. Sounds bearish until you look at what's actually happening on the other side. Michael Saylor just said strategy could ultimately acquire 2 million Bitcoin. Let that sink in. Strategy already holds 843,706 Bitcoin and after one of the worst corrections of the cycle, they're still talking about buying more, a lot more. Congress just published the full text of the Strategic Bitcoin Reserve Bill, the proposal, the United States acquiring 1 million Bitcoin. One side is selling, the other side is discussing how to buy a million. That's not a normal market. Pay attention. Saylor recently said that when Bitcoin reaches $950,000, many people will wait for it to drop to $700,000 before buying. And by then, he believes it could already be $8 million per coin.
People are panicked selling at $60,000 right now. Saylor is talking about $8 million per Bitcoin. That's the disconnect, my friend. Sounds crazy until you realize people do this every cycle. They wait for certainty. They wait for confirmation. They wait for the better entry. And while they're waiting, the Bitcoin literally disappears. It's like a David Blaine magic trick. That's why the current panic is so fascinating to me. Because while ETF investors are pulling money out, the long-term accumulation story keeps getting stronger. Saylor has openly discussed the future where digital credit markets absorb the remaining supply of Bitcoin. His view, the process doesn't stop. It accelerates. Meanwhile, Charles Schwab continues expanding its Bitcoin framework. Bitcoin back lending is expanding. Institutional adoption continues advancing. And governments are now openly debating how much Bitcoin they should own. That's not what the beginning of a bear market looks like. That's what a transfer looks like. A transfer of Bitcoin from weak hands to the strong hands. A transfer from tourists to long-term hodlers. A transfer from people focused on today's price to people focused on the next decade. Even Saylor's explanation for the recent sell-off points in the same direction. The AI buildout is absorbing capital at historic scale. Money is moving. Portfolios are adjusting. Markets are repricing, but none of that changes Bitcoin supply. There will only ever be 21 million. That number cannot change, and it didn't. The crash didn't create more Bitcoin. DTEF outflows didn't create more Bitcoin. The panic didn't create more Bitcoin. It only changed who was willing to sell. And that's why the biggest story isn't the crash. It's the ownership transfer happening during the crash. Because one day, this correction will be over. The panic will end. The headlines will change. And people will once again ask themselves the same question they ask every cycle. Why didn't I buy more? So here's the question. If Bitcoin is really broken, why do some of the largest buyers in the world keep trying to acquire more?
Everyone's focused on who's selling. Nobody's asking the more important question, who's buying? Check this out. 1.7 billion evaporates from Bitcoin ETFs and the biggest weekly outflow in over a year. Bitcoin ETFs suffer the fourth straight week of outflows with investors pulling 1.7 billion last week alone. And aside from yesterday's single thin inflow, Bitcoin ETFs have bled capital every trading day since May 15th. Is this an orchestrated sell-off? You tell me. Michael Saylor says, when Bitcoin hits 950,000, many will wait for it to drop to 700,000 before buying it. And by then it can skyrocket to $8 million per coin. I feel it's precisely how people are. Everyone is dreaming of a dip to be able to buy more, but it's the psychology of the human being. Everyone chooses to buy more at the top, including Michael Saylor. He's known for buying the top every time. But ironically, the average investor panics when Bitcoin's at a low for the cycle. Like people are writing it off. It's dead. It's the worst investment. I could have just invested into the AI stocks. But guess what? The same people were bullish when we were at all time highs at $126,000. You cannot make this shit up. Not everyone has a long term perspective. And I think people are easily manipulated by the talking heads, the Jimbo Kramer's that is declaring Bitcoin dead. But we'll save that for later. Retard of the day segment.