2384: $10M Bitcoin Begins - 40 Countries Are Buying

**Justin Verrengia** (0:00)
Who the hell is buying all the Bitcoin? Because it's not who you think. Check this out. 40 countries are now buying Bitcoin for their national reserves. Not companies, not Wall Street firms, actual governments. And almost nobody is talking about what that means. Because once nations begin competing for the same Bitcoin, the entire game changes. Coinbase just revealed live on CNBC that more than 40 countries are already accumulating Bitcoin. Think about that. That's more than one out of every five countries on earth.
Five years ago, governments dismissed Bitcoin. Some tried to ban it. Others called it a scam with no future. Today, many of those same governments are becoming buyers. Quietly, patiently, without making the headlines. And that's only the beginning. There's another report that just surfaced. A UAE government-backed company said two sovereign wealth funds are expected to announce Bitcoin purchases in the coming weeks. This isn't retail money, this isn't venture capital. That's sovereign capital, the kind of money measured in hundreds of billions and even trillions of dollars. That changes the entire supply equation. Because every nation that decides Bitcoin belongs inside of a national reserve creates one more long-term buyer. Not a buyer looking to flip Bitcoin next month, but a buyer planning to hold for years, maybe decades. And that changes who competes for the remaining Bitcoin. And that's exactly the difference. Retail investors can panic tomorrow. Hedge funds can change their minds. Companies can sell their positions. But nations don't build strategic reserves for next quarter. They build them for the next generation. That's why this matters so much. National reserves aren't designed to trade volatility. They're designed to preserve purchasing power for decades. That's an entirely different kind of buyer. And every new country that begins accumulating Bitcoin reduces the supply available to everyone else. That's when long-term conviction separates itself from short-term emotion. Now we step back and look at the bigger picture. The biggest shift isn't Bitcoin itself. Bitcoin hasn't changed, the buyers have. Five years ago, retail investors dominated the conversation. Today, governments are entering the market. Tomorrow, there may be even more. Meanwhile, Bitcoin is trading near cycle lows. That's the disconnect fam. The headlines still focus on the price, but the biggest buyers are focused on ownership. Retail investors worry about what Bitcoin does this week. Nation states are thinking about what Bitcoin means over the next 20 years. That's an enormous difference. Every Bitcoin added to a national reserve is one less Bitcoin available. For everyone else, the supply never changes. Only the owners do. And if more than 40 countries are already accumulating, before most people even realize it's happening, what happens when that number becomes 60 or 80 or 100? That's the story almost nobody is paying attention to. And history shows the biggest moves usually begin long before the majority finally notices. Now here's the proof of work. Check it out. Coinbase just said live on CNBC over 40 countries are now buying Bitcoin for their national reserves. That's over 20% of all the countries in the world now buying Bitcoin. Brand new video clip. Enjoy.

**SPEAKER_2** (3:16)
We're using blockchain and cryptocurrency to solve the problem of deepfakes of the artificial intelligence. We've seen over 40 countries commit to buying Bitcoin in some fashion for their national balance sheets or other. So I'm seeing every day a deluge of new institutional investors that are interested in the asset class. So I appreciate for folks who don't have that perspective, they're looking for some grand gesture or grand event. But for those of us who have the luxury of being on the inside, all we're seeing is steady growth, even if the headlines don't match that.

**Justin Verrengia** (3:46)
Bada boom, bada bing. So things are different. What's happening behind closed doors than what the headlines reveal. And this is coming from Coinbase directly. So they would know, because a lot of these countries are doing it quietly. They haven't made announcements. I think they're all trying to front run one another. This is the game theory we have prophesied about. But very fascinating. Which countries do you think are accumulating the most right now? Do let me know. One thing we do know is the United States already has roughly 330,000 Bitcoin via confiscation over the years, which leads me to believe they're the largest and number two position is China with roughly 200,000. We also have the Bitcoin Strategic Reserve Bill proposing to acquire another 1 million over the course of the next five years and hodling for 20 years. That's the different. Retail will dump as soon as there's a pump to get a gain. These nations are going to be hodling for 20 years. We're talking decades. That, my friend, is the difference. Also breaking news, the UAE government-backed mid-chain just said two sovereign wealth funds will announce that they bought Bitcoin in the coming weeks. Middle Eastern oil money is coming for the BTC. Nation-state accumulation is just beginning. And we've had this insight before. Eric Trump has told us numerous times in interviews that there's sovereigns quietly accumulating. They know. It could be the Saudi money. Obviously, Middle Eastern money. There's plenty of wealth to go around. And considering Bitcoin's market cap today is close to $1 trillion, it's a drop in the bucket compared to the pools of capital we shall be tapping into once we get this Clarity Act passed, which I personally cannot wait. Now, also UAE-based Goldman Lamp Private Bank purchases 120 million euros worth of Bitcoin. Bitcoin continues to demonstrate remarkable resilience as a store of value and strategic asset, according to the bank, so the banks know what's up. Bitcoin is the future, perfect money, pristine collateral, and they want their piece of the finite limited supply. And that's what's happening in real time. And also Clarity Act is going to help a lot of that capital move into Bitcoin. We're talking tapping into hundreds of trillions of dollars, such as digital credit markets, which Sailor is tapping into right now with STRC.