2373: $10M Bitcoin Expansion - The Next Buyers Have Arrived

**Justin Verrengia** (0:00)
Everybody wants Bitcoin at all time highs. Nobody wants Bitcoin during a crash. That's usually when things get interesting. Check this out, $10 million.
That's where Bitcoin is going, and nobody believes it anymore. Not after the crash, not after the fear, not after the panic. That's exactly why this matters. Every cycle Bitcoin does the same thing. It climbs, people get excited, people become bullish, people start projecting higher prices. Then Bitcoin crashes, end of the world. Fear returns, confidence disappears, and suddenly the same people who were convinced Bitcoin was going higher start questioning everything. That's where we are today. Sentiment is weak. The headlines are bearish, the panic is back, most investors are focused on the price. But the people building around Bitcoin are not acting scared. They're acting like Bitcoin's future has already been decided. Today, for example, Franklin Templeton, a $1.7 trillion asset manager, filed to launch two additional Bitcoin ETFs that will reinvest dividends into Bitcoin. Think about that. A $1.7 trillion asset manager is expanding its Bitcoin offerings during the crash. Not a bull market, a crash. Bitcoin crashes and Wall Street responds by building more Bitcoin products, not fewer, more. They're not acting like Bitcoin is dying. They're acting like Bitcoin is growing. In fact, this week, BlackRock launched a new Bitcoin income ETF. Think about that. Bitcoin crashes and the largest asset manager on Earth responds by launching another Bitcoin product. Not retreating, expanding, and another development just slipped under the radar. Money can now move to China through Bitcoin's lightning network instantly. A market representing more than 1 billion people just became easier to reach through Bitcoin. Another barrier falls, another doorway opens, another path to Bitcoin emerges. Another source of future demand appears. Meanwhile, politicians spent years promoting central bank digital currencies. Now, the Senate banking chair says the CBDC ban is expected within weeks. The digital dollar is being rejected before it was ever launched. And Bitcoin keeps advancing. That's the part most people miss. The market sees a crash, the builders see an opportunity. The market sees fear, the builders see expansion. The markets see uncertainty, the builders keep building. Because Bitcoin's future has never depended on today's sentiment. It depends on tomorrow's adoption. And adoption continues moving in one direction forward. That's why the current panic matters. Not because it changes Bitcoin, because it changes how people feel about Bitcoin. And historically, those moments have created the biggest opportunities. The fear is back, the doubt is back, the panic is back. But Wall Street is building, Bitcoin's network is expanding. So who's wrong? The market or the builders? And I ain't talking chud the builder. Don't get it twisted, Bitcoin builders. Get your facts straight. Everybody has a theory. The builders have the receipts. Take a look at this. Breaking $1.7 trillion Franklin Templeton has filed to launch two more ETFs that will reinvest dividends in the Bitcoin. Wall Street is closed today, but the banks are still racing to the bitty. And here's them celebrating right here, ringing the bell at the New York Stock Exchange.
Now these two ETFs are going to reinvest their stock dividends in the Bitcoin, tracking 95% equity and 5% Bitcoin indexes with a possible launch set for September 1st. So we'll keep an eye out on that. Now also, President Trump said the current financial system is outdated and will soon be replaced with a state-of-the-art crypto framework under the Genius and Clarity Bills. Quick clip from President Trump.

**SPEAKER_2** (3:51)
Many Americans are unaware that behind the scenes, the technical backbone of the financial system is decades out of date, many, many years out of date. You know that Paul and others are straightening it out, but payments and money transfers are costly and take days or even weeks to clear. Under this bill, the entire ancient system will be eligible for a 21st century upgrade using the state of the art crypto technology. Who would have thought we would have been saying that?

**Justin Verrengia** (4:18)
My first observation is Trump knows nothing about crypto. Notice he had to read that entire statement.
But his family knows about crypto. I think Eric Trump is probably the head of all of them, or Barron. He's the one who's the time traveler from the future. But obviously, they have massive crypto ventures from World Liberty Financial to American Bitcoin Miner to Trump, unfortunately, they're shit coins that everyone lost a fortune in that invested in them, Melania coin, Trump coin. And ironic, Cash Patel did a post today that they're going after crypto criminals. And so everyone's posting pictures of Melania and the Don's like, start right here. Look no further because the Trump family has profited billions of dollars from their what should I say? Shit coin antics. But guess what? All the investors have lost massively. You can just look at some of the charts, for example, from the Trump meme coin to the Melania coin and all the investors that invested in things like World Liberty Financial, you know, so just stick to Bitcoin, Don. And you don't need to read the script any longer. We got you.