2372: $100T Bitcoin Race - Oil Nations Enter The Bitcoin Era

**SPEAKER_1** (0:00)
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**Justin Verrengia** (0:37)
Forget Bitcoin. Let's talk about oil, because that's the real story today. One hundred trillion dollars. That's where Bitcoin is going. Not because Bitcoin changed, because the buyers changed. At first, it was individual investors, retail. They started buying the Bitcoin, then the corporations came, then the ETFs, and now the governments, as well as oil nations, are literally entering Bitcoin. And once oil money starts competing for the bitty, the entire game changes. Most people still think Bitcoin is competing with stocks, or gold, or real estate, but it's so much bigger than that. Bitcoin is becoming strategic infrastructure. Just look at what happened. Strategy now holds 846,842 Bitcoin, nearly 4% of the entire supply.
BlackRock's iBit holds 766,412 Bitcoin, almost another 4%.
And US-bought Bitcoin ETFs collectively hold roughly 1.1 million Bitcoin as of today. That's more than 6% of all the Bitcoin that will ever exist. And meanwhile, the United States government already holds another 329,693 Bitcoin, more than 1.5% of the supply. So think about that. One corporation, one ETF issuer, a group of ETFs and one government already control millions of Bitcoin. And now the biggest pool of capital yet is entering the race, the oil nations. For decades, oil was the foundation of geopolitical power. It was the world's most important commodity. Nations fought over it, protected it, built alliances around it, and accumulated wealth through it. Now some of that capital is beginning to move towards Bitcoin. That's why today's development matters. Not because of one country, and not because of one headline. Because it signals the next phase of adoption. The market keeps treating Bitcoin like a trade. Meanwhile, governments hold it, ETFs hold it, public companies hold it, nation states mine it, and strategic reserves are being discussed all around the world. This is no longer about technology. This is no longer about speculation. This is about power. The countries that accumulate Bitcoin first gain the advantage. The countries that wait fall behind. That's why lawmakers are warning about a Bitcoin arms race. The game theory is becoming impossible to ignore. A strategic Bitcoin reserve bill has already been proposed in the United States. The objective, acquire 1 million Bitcoin over five years, then hold it for at least 20 years. Think about that. The largest economy on earth is openly discussing accumulating 1 million Bitcoin, not trading it, not lending it, not selling it, accumulating it. Now imagine what every other nation is thinking right now. If America buys 1 million Bitcoin, does China wait? Does Russia wait? Do the Gulf States wait? Or do they begin evaluating Bitcoin for themselves? Because once more nations start accumulating, every other nation must consider the cost of waiting. El Salvador moved first. Respect President Bukele. Now others are watching the same game board. Nobody wants to be early and mocked. Nobody wants to be late and priced out. That's how game theory works. And once countries realize Bitcoin is strategic, the competition begins. Not for oil, not for trade routes, and not for shipping lanes. For Bitcoin. The question isn't whether Bitcoin survives. That debate is over. The question is who controls it? Because if corporations, ETFs, governments, and oil producing nations all continue accumulating the same finite asset, the race doesn't end at 1 trillion. It doesn't end at 10 trillion. It ends at 100 trillion dollar market cap. And we're watching the race accelerate right now.
The crazy part isn't the price. It's who's showing up. You got to check this out. Breaking news. Oman has launched a national Bitcoin mining pool. The only legal one for all licensed operators in the Sultanate. I had to look up this country because it wasn't on my radar, but it borders with Yemen and the UAE. Oil money is buying the Bitcoin. And I also looked up the population. It's roughly 6 million folks. Well, there you go. A national Bitcoin mining pool, lots of money and new infrastructure being built around Bitcoin. Not too long ago, the big news was the Strait of Hormuz.
So Iran could avoid sanctions. They were accepting Bitcoin payments to pass. And now another great use case because they already know Bitcoin is the future and the Middle East has a massive amount of wealth. So that's more capital, which will be able to flow into Bitcoin. So this is a pretty big deal. And I don't think this adoption is slowing down anytime soon. It's only going to accelerate because of obvious reasons. Bitcoin is the only form of perfect money with a finite, limited supply. And you're either in it or you're missing out. And you got to be in it to win it.