The Bitcoin Supply Shock Is About to FORCE Bitcoin to EXPLODE!! | EP 1607

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Bitcoin's bull market ended almost exactly one year ago, but the supply shock is accelerating, and absolutely no one is prepared for what this means for the price. This week, we've seen Strategy, MetaPlanet, and Strive all make massive Bitcoin buys, and now the three biggest public holders of Bitcoin, which is Strategy, MetaPlanet, and 21 Capital, collectively hold over 935,000 Bitcoin. Obviously, majority led by Strategy, but while Bitcoin's been quietly grinding sideways under 87K for about three weeks now, it looks like that's all about to change. And guys, can you believe it? It's been a year since the 10-10 catastrophic drop of the bear market, and we have seen fundamentally, it's been a different bear market. I know that's to tomatoes, and I get yelled at every time I say it's different, but it's looking like this bear market is different. I will chat about it a little bit. Anyways, let's start with the first thing.

Benzinga reports, and this headline actually, I guess, maybe catches a lot of eyes. But here has this headline. This company just became the world's second largest Bitcoin holder, and it has more Bitcoin than Tesla, SpaceX, and Coinbase. Absolutely amazing. They're obviously talking about MetaPlanet. So MetaPlanet bought 1,000 Bitcoin in and of itself. A huge buy. They actually sold 10,000 Bitcoin in Q3, and now basically they bought all that back plus an extra 1,000 coins. So they bought 11,000 Bitcoin. And then on top of that, we saw Strive add $169 million Bitcoin buy. It's biggest buy in four months. They actually bought 2,000 Bitcoin. And it might be a stark contrast here, or rather, I guess the comparison that really is kind of insane when you think about it, is Strive is doing so well. And look, I don't own Strive or MetaPlanet or Strati... Or actually any Bitcoin treasury in my quote unquote portfolio. But I did kind of become a huge fan of Strive when we had Matt Colon and then Ben Workman. I just think they're incredibly smart. And look, I don't own it, but they're obviously doing incredible stuff. So good that StratiG had to follow suit with the daily dividends. Or actually they're proposing daily dividends on the stretch product. And I think the comparison here is actually kind of crazy. Look, yes, MetaPlanet bought 1000 Bitcoin. And actually, it's also interesting. Remember, about a month ago, they were kind of in hot water with their whole executive C-suite kind of controversy that happened. We did a show about that. Then Strive out here buying 2000 Bitcoin. And then maybe it makes a huge comparison when you look at StratiG. I know it's weird to say, but StratiG only bought 334 Bitcoin.

I know that's like a funny thing to say, you know? Yeah, they only bought 300 Bitcoin. Like, we've been joking for a while, like a StratiG running out of money. No, they're not. They're not. StratiG is, I think, actually a really strong place. StratiG is almost back to par at $100. So it seems like people are finally feeling more comfortable with buying, quote unquote, StratiG's digital credit.

And it's been a while. StratiG, it's been over what? Almost like two-ish months since StratiG or StratiG basically had that huge drop to $72-ish.

And this last couple of weeks has been, I think, StratiG rebuilding that confidence in those products, or rather trying to convince investors that they are actually doing something worthwhile and they're not making stupid moves. And so it's getting very close. They're getting very close to that $100 par. And I think once that gets to that $100 par, we will obviously see StratiG come back with some huge buys. I think they're going to track a lot of capital once it gets back to par. But we're not here to talk about Bitcoin treasury companies. What is interesting is obviously, what is this? They just bought two, 3,334 coins. That's about like a week supply of Bitcoin taken off the table. Obviously the ETF inflows, there has been a bit of outflows happening, or rather put better. The ETF flows have seen a little bit of outflows recently, but overall Q3 has been super strong with the ETF inflows. There's been a lot of capital attracting Bitcoin through the ETFs. And so we're seeing, hey, look, I hate using the term, but smart money is coming back on the table. It looks like people are again, feeling very confident that the bear market is over. And once you get into this feedback loop of people buying again, well, what do we know happened? Bitcoin is hard capped at 21 million. In reality, it's probably closer to 20 million Bitcoin in total. In reality, it's only about two or three million Bitcoin that are actually traded that causes the Bitcoin price to move. The majority of Bitcoin is being held by individuals and corporations, and of course, now institutions. So the majority of Bitcoin doesn't move, really. It's about three million coins that trade hands that causes the Bitcoin price to move. What is interesting here, I do have a good thread to follow up with River.