Bitcoin EXPLODES Past $86,000 - What Comes Next?! | EP 1596

Nico Moran (0:02)

Over $500 million of shorts were liquidated this morning as Bitcoin blasted past $86,000.

But it wasn't just a short squeeze sending Bitcoin vertical. We finally got another strategy buy. They bought 950 Bitcoin today, as well as Strive also buying 1,355 Bitcoin. Two companies alone. How about more than four times the amount of Bitcoin mined each day?

The Bitcoin bear thesis is breaking down in real time. And even the loudest bears, like everyone's favorite Ben Cohen, have finally capitulated. Let's watch it real quick. I'm not going to dunk too hard. Though, of course, we got to talk about it.

Ben Cohen (0:50)

Bitcoin breaking through the May high.

This is not what I had on my bingo card for this year. And so I just wanted to say I was wrong. And we'll leave it at that. There are other people that were right. And I think they probably deserve your viewership more right now than me.

Nico Moran (1:18)

All right, maybe we'll dunk a little bit. Maybe we'll dunk a little bit, okay? Yeah, I've been calling it. We were right. Us here at Simply Bitcoin, well, half of us here at Simply Bitcoin were right. Nico's not here today to defend himself, but feels good. It feels good to be right in terms of just being stupidly bullish all the time. Anyways, he did go on. And look, again, I'm not going to dunk too hard because at least he's admitting he was wrong. A lot of people that do TA, you know, chart boying and stuff, they don't really admit they're wrong. Look, I admitted I was wrong at the 126 top. He admits he was wrong at the bottom of the bear market. So he did tweet this morning. I was wrong, not going to make excuses. I deserve to be dunked on. I don't, you know, I'll be kind of lenient here. I'll be kind of nice here. It's not so much about dunking.

It's just very interesting to watch the price action and be like, it's been very obvious that Bitcoin bottom was in. I've been saying this for a while. I know there was a little bit of, like, not a full confirmation until what we saw this morning that the bear market was completely over. But now I think we can all pretty much agree that, yes, the bear market is officially over.

Bull run for the next two years, guys. Are we ready? Are we ready for a bull run? I think I'm ready. As you guys know, I've been losing my mind. I've been crashing out this bear market, sitting here every single day, talking with you guys. You know, one of the things I did think about this morning, it was this idea like it's not easy going out on your convictions when everyone is telling you, you're wrong. And what was my source? I'm like, just my gut. I don't know. My intuition is telling me that we were right, guys. Hey, feels good, right? Anyways, let's go a little further. I am going to kind of slightly cover the Sailor News, Strive News as well. And then I'll give you kind of the general, I don't want to say necessarily chart-boring, but the general sentiment that we're seeing this morning. Literally everything this morning was just price. Bitcoin hit 86k. Okay. So here we have Sailor. This is pretty interesting. Strategy acquired 950 Bitcoin, repurchased 174 million of Stretch. As of 9-20-26, they hold 846,000 Bitcoin and $6.09 billion of USD assets. Though the interesting news about this is when you look at the filing. And what is different here is obviously if you've been following along on this, on Strategies Buys, hold on, my computer's acting weird. On Strategies Buys recently, there has been a lot of MSTR dilutions, just put plainly, that's where they've been able to stack a lot of the cash that they have on hand, that $6 billion of cash on hand. Well, they have now officially started using that cash to buy the Bitcoin, which is pretty interesting. So here we go. The update on September 21st, 2026, Strategy announced that during the period between September 14th and September 20th, Strategy did not sell any shares under its At-The-Market Offering Program. So it looks as if this Bitcoin that they bought is purely with the cash on hand. Again, you can see here, one, the Bitcoin purchases were made using USD cash.

Aggregate and average purchasing prices are inclusive of fees and expensive. Also, it seems as if all the Bitcoin that Strategy has sold throughout this bear market, they officially have bought it all back. So not only do they have a stronger balance sheet here, they have way more cash on hand, but they essentially bought back all of their Bitcoin. So all of the FUD around Strategy and selling Bitcoin, it's like, hey, we just bought it all back. All right. So look, again, Sailor probably knows what he's doing. All right. If you're an MSTR holder, if you're a stretch holder, you're probably feeling okay. Now, other quick update. We have Matt Cole, and honestly, I'm kind of a huge fan of Matt Cole now. Full disclosure, I don't own any Bitcoin Treasury stonks, but he came on, what, two weeks ago. He made a very bullish case. He actually, I didn't see the full breakdown of it, but I don't know if you guys saw that clip of him saying that his base case is 50% keger for Bitcoin. I think he said something, if you eliminate the bubble aspects, Bitcoin... Oh, sorry, guys. Hopefully, you don't hear that. The iPad for the studio is ringing. He said 50% keger, if you eliminate all of the bubbles, Bitcoin goes up about 50% per year. You could argue kind of bullish. I mean, Sailor's been saying 30, Matt Cole saying 50% keger. I remember talking to Luke. He's like 50% keger, dude. That's bearish. I'm like, all right. Anyways, Strive acquired 1,355 Bitcoin for 107.7 million and an average cost of 79,475 per Bitcoin, bringing total holdings to 26,355.