MSTR. Strive Buying BTC as Price Stalls Near 70k #CryptoTownHall

**Scott Melker** (0:00)
Good morning, everybody. Welcome to Crypto Town Hall, here on X1015AM every other day. Maybe not this Friday, Dave, right? I know that I'll be traveling, I think you might be as well.

**Dave** (0:14)
Me too, so yeah. I might be able to dial in, but we'll go.

**Scott Melker** (0:18)
We're gonna have, I think it's time that we find even a third useful person who can do this in our stead. Yeah. But hey.

**Dave** (0:26)
That'd be good. Hey, Jamie, you wanna volunteer?

**Jamie** (0:30)
Sign me up, brother. I'm here for you. I love this. Let's go.

**Scott Melker** (0:35)
Yeah. So today, you know, MicroStrategy's drive buying Bitcoin is price stalls near 70K. It's hilarious. I was mocking myself earlier, Dave, that it's just like every title, YouTube or things you see here, it's like Bitcoin breaks 70K, Bitcoin loses 70K, Bitcoin breaks 70K, Bitcoin loses 70K. We're like doing this endless carousel.

**Dave** (0:55)
Those old people in the audience, duck season, rabbit season, duck season.

**Scott Melker** (0:59)
That's exactly right.

**Dave** (1:01)
If you remember Bugs Bunny.

**Scott Melker** (1:02)
Bugs Bunny, of course.

**Dave** (1:05)
Yeah, it's like the real title, the real thing is the ongoing flat out lying around by the banking lobby is probably the real thing, and the uncertainty this creates. I know Carlo will get juiced on that one. I mean, look, markets are not going to do, no offense people, but markets aren't going to do fuck all until people really know what's happening in the Middle East. And we see exactly what goes on here because markets are frozen. And it's like, you go down and you look, I mean, crude oil is around is 85 Okay, it's whatever, you know, it's been in the mid 80s now for a couple of days, ever since it went from, you know, 70s up to 120 And then round trip back into the 80s. That was the fireworks. And now it's sitting here and people are like, okay, elevated risk, but what's going on? You know, you look at gold. Gold is, where are we now? Let's just get it right. So gold's like just a little bit below 5200, which is more or less almost bog in the middle of its recent range of where it's been trading. Silver's trading around 85, same difference. Silver being exposed to the real economy, gold being exposed to store of value, they're operating together, it's more or less the same. Look at the indices. When you go through every one of them, you would look and say, oh, well, there's not that much volatility right now. There's nothing going on. Well, that's not because there's no potential volatility, it's because the market's, people don't know how to price shit. They don't know where things are gonna go. You get misinformation. It's like funny how many times I see, hey, Grok, is this true? Is one of the craziest things. And how the hell is a large language model gonna know other than by what's posted and nothing's getting posted?
So that's the situation we're in, right? I mean, I was watching, you and Josh had actually a really good conversation this morning about tokens and value. And I think that's what we should really talk about. Because honestly, no one's gonna have a frigging clue what's gonna go on the market until the market establishes a direction.
You agree? Ryan.

**Scott Melker** (3:11)
I entirely agree. Yes, go ahead, Ryan.

**Ryan** (3:13)
Yeah, I'll jump in on that. But man, you know, I always say in 2020, April and May, I wish I would have bought more Bitcoin. Like, everyone is so concerned about COVID and the pandemic and the markets were caking, and Bitcoin bottomed out back into 3000s. And I kept thinking, man, I should have just thrown more into Bitcoin. I should have thrown more into Bitcoin. When the world was distracted and worried about shit that we knew was gonna blow over eventually, I should have just bought more Bitcoin. And now I'm looking at Bitcoin in the 60s, 70s, back to 60s, back to 70s, back to 60s. I can't help but think that we're in the exact same situation where the world is distracted and looking at stuff. Oh, quantum, this, or, you know, tariffs, that. And eventually stuff's gonna settle out in another year or two. And I'm gonna think, man, that was the low part. I should have bought more.
And then to the point about tokens and utility, it seems like we're getting to the, just now, after 15 years or 16 years, we're just now getting to the point where people actually care about utility. Before, it was just a narrative and a pitch deck. But with the advent of these compute tokens and these AI tied in projects, we're actually seeing real utility around people needing massive amounts of inference and them using tokens to acquire it.