2404: BlackRock Just Confirmed Bitcoin's Future - $10M Warning

**Justin Verrengia** (0:00)
I think the biggest Bitcoin shortage has already begun. Most people just have not realized it yet, because this shortage isn't happening on the blockchain, it's happening to the available supply.
For years, people assumed the $10 million Bitcoin was nothing more than a fantasy thrown around by the permeables, but something has quietly changed. BlackRock, the world's largest asset manager, is no longer treating Bitcoin like a speculative experiment, it's treating it like a strategic asset. And the market's beginning to reflect that shift in ways most investors haven't even noticed. That, my friend, is the real warning. For most of Bitcoin's history, the biggest names in finance either ignored it, laughed at it, or dismissed it as a passing trend. If they acknowledge Bitcoin at all, it was usually accompanied by warnings about volatility, regulation, or the idea that it had no intrinsic value. Today, that conversation looks completely different. Larry Fink, CEO of BlackRock, recently said he remains very bullish on Bitcoin over the next 12 months. But the real story isn't what he said. Just a few years ago, as you know, Sailor stood almost alone as the face of the institutional Bitcoin accumulation. Today, the world's largest asset manager is competing for the same scarce asset. That should tell you how much has changed. BlackRock isn't building products around Bitcoin because it expects a short-term trade. Firms managing trillions of dollars don't make decisions based on social media excitement or fear of missing out, better known as FOMO. They allocate capital where they believe the long-term value will be created. BlackRock currently manages roughly 15 trillion in assets. Bitcoin's entire market cap as of today is 1.3 trillion, only a tiny fraction of that. So it doesn't require all of that capital to move into Bitcoin. Even a small shift in institutional allocation could have an outsized impact on Bitcoin's supply. While retail investors continue asking whether Bitcoin is too expensive, institutions are asking a completely different question. How much Bitcoin can be accumulated before everyone else realizes what we already see? That's the difference which changes everything. One of the clearest signals came when BlackRock's spot Bitcoin ETF grew to a value approaching twice the combined market cap of the publicly traded Bitcoin mining industry. That's not just another headline. It's a structural shift in how institutional capital views the asset. The easy Bitcoin has already been mined. Millions of coins permanently lost. Long-term holders continue removing supply from the market. Governments are beginning to establish strategic Bitcoin reserves. Public companies continue adding Bitcoin to their balance sheet. And institutions like BlackRock are creating even more demand through regulated investment products. A $10 million Bitcoin doesn't require everyone to buy. It simply requires the world's largest pools of capital to keep competing for an asset that can never exceed $21 million. Now that's the part most people still underestimate. That process isn't happening overnight. It's happening gradually quarter after quarter, allocation after allocation. While most people remain focused on the short-term price swings, history has a habit of looking obvious, of course. In hindsight, people eventually forget how controversial the winning investment once seemed. They assumed everyone saw it coming. Almost nobody ever does. That's why I believe BlackRock's biggest confirmation isn't that Bitcoin has a future. It's that the institutions with the most capital are already positioning themselves for it. The biggest risk is no longer buying Bitcoin. It's waiting until the price has already reflected what BlackRock has confirmed. Now, let me show you exactly why I believe the biggest Bitcoin shortage has already begun. Check this out. The revolution got a management fee.
iBit alone is worth almost two times of every public Bitcoin miner combined. Right now, the miners are worth roughly $25 billion. BlackRock, fast approaching $50 billion as of today, $47.5 billion. Bitcoin was invented to escape Wall Street, and then Wall Street just wrote it a fee schedule. Crazy how that works, right? They launched back in January of 2024 That's the crazy part. I want you to let sink in. Less than 3 years later, it holds over 700,000 Bitcoin. At one point, they had over 800,000, but they offloaded some. Personally, I'd rather hold the underlying asset. I don't care about rappers, but plenty of people obviously do. Or BlackRock's iBit wouldn't be worth $47.5 billion.
Who do you think will reach 1 million Bitcoin first? Will it be Sailor's MSTR or BlackRock? Also consider, I got some updates for you with Sailor increasing his fiat war chest, which he announced here this morning, which we'll get into in a little bit. $15 trillion BlackRock CEO, Mr. Larry Fink, tells CNBC, the Bitcoin has more stability at these levels and is very bullish on the market over the next 12 months. Check it out.