2403: Trump Triggers the 1,000,000 Bitcoin Arms Race - Why Nations Must Buy

**Justin Verrengia** (0:00)
Everyone thinks Bitcoin is a race between the bulls and the bears. I don't. I think it's becoming a race between nations. Let me show you what I'm talking about. Imagine waking up tomorrow and discovering the world's most powerful nations aren't racing to build more weapons. They're racing to buy more Bitcoin. It sounds like science fiction, I know, until you realize it's already happening. For centuries, the world's superpowers have competed for scarce resources, such as gold, oil, land, technology, military dominance, and whoever controlled the scarce asset held the advantage. Bitcoin changes that equation forever, because unlike every strategic resource that came before it, nobody can produce more Bitcoin. There will only ever be 21 million coins. That changes everything, because every Bitcoin one nation acquires is a Bitcoin another nation can never own. Now imagine the United States starts accumulating Bitcoin, not as an experiment, not as a political talking point or through confiscation, but as a strategic reserve. Do you really think China would simply watch? Would Russia, would the UAE, Israel, Japan, would Europe, or would they all arrive at the same exact conclusion? If Bitcoin becomes a globally recognized reserve asset, waiting isn't prudent. Waiting is surrendering a strategic advantage. That's how game theory works. Nobody has to love Bitcoin. They only have to believe another superpower is buying it. Because once one nation moves, every nation has to ask the same question. What if they're right? That's how game theory spreads, my friend. One move forces another. That's exactly why Senator Lummis recently described Bitcoin as the beginning of the global arms race. Not because governments are trying to pump Bitcoin's price, but because they're trying to avoid being left behind. History has shown nations don't willingly surrender strategic reserves, especially when money itself is at stake. Now combine that with Bitcoin's fixed supply. Unlike oil, higher prices don't create more Bitcoin. Unlike gold, higher demand doesn't inspire more mining output. The protocol doesn't care how badly the world wants it. The supply never changes, only the price does. That's what so many people miss. When they hear predictions like 1 million, 5 million, or even 10 million per Bitcoin, those numbers aren't driven solely by retail investors or Wall Street. They're driven by competition for scarcity. They're based on what happens. When governments, corporations, ETFs, sovereign wealth funds, family offices, and millions of individuals all begin competing for the same exact finite asset, every new buyer makes the remaining supply even harder to acquire. Every long-term holder removes coins from the market. Every government that builds a reserve leaves fewer coins for everyone else. Eventually, price becomes the only mechanism left to ration the remaining supply. That's why I don't think the biggest Bitcoin story is the next ETF or the next halving, which is right around the corner, or even the next all-time high when we re-enter that beautiful price discovery. The real story is watching the world's most powerful nations slowly realize they're competing for something that can never be recreated. Because once that realization spreads, Bitcoin stops being just another investment, it becomes a strategic asset. In a world where governments compete for a finite monetary resource, the question isn't whether Bitcoin's price goes higher. The question isn't whether Bitcoin reaches 10 million. The question is what happens when the world's largest economies start bidding against each other for the same finite Bitcoin supply. Because governments don't compete by paying less, they compete by paying whatever it takes. Now let's find out whether this is just a story or whether it's already happening.

**Cynthia Lummis** (3:43)
Senator Lummis says, Wouldn't it be fun if the next arms race was not for weapons, it was for Bitcoin? Wouldn't it be fun if the US is buying Bitcoin and it scares China and Russia so they start buying Bitcoin? And we have an arms race over Bitcoin instead of over weapons. Globally, we're challenging each other to have a secure store of value.

**Justin Verrengia** (4:06)
This is happening. Like some people underestimate the power of the nation state game theory, which has been prophesied by the likes of OGs like Max Keiser. But what Cynthia is saying is absolutely happening. It may be happening a little slower than we were anticipating, but nonetheless, the US already has 330,000 bits going. They're looking to acquire 1 million via a Bitcoin strategic reserve proposal and hodling for 20 years. There's no way the US moves forward with that and China doesn't join the arms race or Russia or Israel or other powerful nations on the planet. And that, my friend, is what most of you guys are underestimating. Bitcoin is truly a finite limit of supply asset. There's never been a form of money or an asset like this in human history. Oil, there's surplus oil in abundance. In Mother Gaia Earth, it just produces it like magic. We're not running dry of oil. The scarcity is all propaganda. And the same thing with precious metals, gold, silver, even diamonds. They can now create lab diamonds out of thin air, believe it or not. And it's one-fifth the cost. What did that do to the diamond market? Drastically crashed. Bitcoin, it's mathematically guaranteed to increase your purchasing power against the dollar because of the true scarcity. The one feature nothing else in this world has. Nothing. Real estate, yeah, relatively scarce. God is not creating more anytime soon. But Bitcoin, it's hard-coded, right? It will never be more than 21 million. It doesn't matter how corrupt the world is or the governments, you know. No one can change that. And so the people huddling Bitcoin and self-custody are going to have an advantage over everyone else on the planet because wealthy people focus on acquiring assets that appreciate and value. Want to know what poor people focus on? Saving in dollars. That's why Saylor has the infamous song, what do we call them folks? And that's not to make fun of the less fortunate. It's just to point out saving in dollars is like an oxymoron because you lose money due to inflation. Saylor described it as melting ice cube and it's so true. Look how much Bitcoin has appreciated against all other asset classes since inception. It's not just going parabolic against the dwindling value of the dollar. It's going parabolic against real estate. It's going parabolic against precious metals. It's going parabolic against everything. Everything will eventually trend towards zero against Bitcoin because it's the superior apex predator. And before you know it, it's going to be virtually impossible for the average human being to ever acquire one Bitcoin. Some would say it's almost impossible now, but it sure as hell is not impossible at 64,000, but not many Americans are walking around with an extra $64,000 in their bank. It's just a fact. What's going to happen when Bitcoin is a million per coin and nations are competing to get to the race towards a million to be like Michael Saylor in strategy?