here I am again Good to see everybody This is the Bitcoin conference summarized Uh I pull out all the nuggets I go through all the pain of watching all the sessions so you don't have to And I wanted to get this out early because we have a lot of European watchers and they got to get to bed soon So I try to be up by two o'clock every day Uh there are more sessions still to come because I'm in the same time zone as the conference when I was in Miami I could get everything out by two o'clock because they started 3 hours early This time I can't So there'll be another recap tomorrow capturing all the key nuggets And there's quite a bit going on So thank you all for being here Thank you Sha D American Beijinger and Linda and everybody else I'm a little bit horsearse today but ignore that Let's just plow through this Let's pull out all these nuggets from day two And day one was a bit slow but day two made up for it and not financial advice And thank you to KMBB hardest working content creator on Patreon Woohoo Thank you Uh now this is Bitcoin Las Vegas at the Venetian Hotel It's a nice hotel Lots of good stuff happening there But let's get into the story There's some Bitcoin news that is actually coinciding with the actual conference And that's not a coincidence Sometimes people wait for big announcements So I want to get some of the big announcements out of the way first First of all the Trump administration oh I said the word Trump whoops uh scraps Biden admin guidance on discouraging Bitcoin investment by 401k pensions We've noticed that there are big firms like the Schwabs etc Fidelity Black Rocks everybody except for Vanguarded who will guard you from your Bitcoin uh are jumping in whole hog But this means now expect a lot more pension money coming A lot of people are very traditional very conservative and literally I'll this some people actually trust what government tells them to do So if the government says no don't do this or get this they'll do it So people can be sheeple You watching here though you're all legends you know not to trust the government and do your own thing and analyze your own data but that will bring a lot of money to Bitcoin which is good and why we care Also related to Bitcoin stable coins Stable coins are the fuel that drive crypto And Black Rockck the Finster aka Larry Frink just said he's going to buy 10% stake in the Circle IPO This is big If Black Rockck have a hand in the trough or their head in the trough you know the outcome is going to be good So watch this one carefully Next James Win is being hunted He has a massive massive per running right now And liquidations got super close within 300 bucks a few minutes ago Bitcoin's now recovering a little bit back up above 107K his liquidation price is 106442 and we fell all the way down And what's crazy is we can track all of this live which actually would you know I like to do my my my things kind of a little bit not in such a public eye but anyway wish him luck James Wyn add collateral Be careful You got so close there buddy Sir Winston thank you Long time no see Also Adam back and I am an ARB guy Arbitrage is my thing And it's good to see Adam back saying the TAM the total addressable market for Bitcoin is a $200 trillion in the largest arbitrage of the century When you add up fiats around the world you could argue it's nearly that amount Fiat is about worth about 120 trillion But it's the credit the credit the debt the bonds 310 trillion That's the big arbitrage opportunity as well And here for him to say that that's huge And a lot of again a lot of bullish news is coming out at the time of this actual event which is fantastic Uh Bitcoin needs a little bit of a pump because it's been weak Maybe because the market makers are hunting this guy bringing the price down You can't make this stuff up but literally be paranoid It'll help you in the long run Also uh Donald Trump Jr the son of the US president not only do he and his brother have a stake now I think in Hutate or American Bitcoin a mining company but they are now seriously long Bitcoin and they just created another $2.5 billion fund to buy Bitcoin as part of their firm as well And he said to the moon as they say So everybody's you'll notice as well at this show everybody's kind of speaking in memes because memes are a good way to get the message across That's why I now included for the last few months meme of the day towards the very end We have a fun one today too It might take you a bit by surprise And Lumis Cynthia Lumus is continues to pound her fist on the table This woman is a legend an absolute legend and she said the US president supports the Bitcoin act A lot of most Republicans report the Bitcoin Act and the bill to buy 1 million Bitcoin could be on the floor as early as next week Everybody they know they have to move fast You can't wait a year to buy a million Bitcoin In fact if you try to buy a million Bitcoin right now I think it's going to be pretty impossible unless you got a lot of money And the only people that have the money to buy a Bitcoin are people with money printers Raise your hand here if you got a money printer at your house because I'll be over Only kidding Of course only governments have money printers but it's a good one to know And by the way this is the crazy thing I'll put myself the top left corner for this one OTC desk balances I once made a video on OTC desk balances It bored the living daylights out of everybody but it's important to know what these things are all about Shout out to Axel Adler Uh this is his beautiful little chart and basically it points out the fact that it's worth noting that the pace at which the OTC balance is declining since September 2021 it dropped from 486,000 to 115,000 Bitcoin That's a 4.2fold decrease Okay At the current withdrawal rate of about 276 Bitcoin per day the remaining 115,000 Bitcoin will be gone by June July 2026 If this continues now remember 100,000 Bitcoin isn't a lot okay michael Sailor has bought two and a half times that since November okay and there's one player one player And we have so many more coming We have I just saw Donald Trump two and a half billion buy coming VC buy for a strive which is acid We have C Howard Lutnik buy Tether keep on buying perpetual bid ETFs pensions coming It's it's a pretty nice setup I must say But let's continue That is the OTC desk And I know by the way I know people say well as the price goes up people will sell Yes they will And miners will give their Bitcoin to the OTC desks That's going to happen too But still the demand on this puppy far exceeds I believe the supply again Sailor buy is buying 4 and a.5,000 a week at this rate That's big Even with the price the way it is right now too So moving on Now Hayes at the Bitcoin conference he says "This one I will spend a bit of time on His name is Arthur Hayes." Uh he he he understands macro and money pretty well but he says I don't know what yatsi is Yatsi yatsi Bitcoin to 1 million but I'll try and interpret kind of what he said And basically he says Bitcoin price will jump a lot when the big money starts coming in Now he mentioned a very important point The price is made at the margin Okay that's the reason I shared this previous slide at the margin If you have money coming in and nobody is selling and there's nothing on the OTC desks the price will go to the moon very fast That's just the law of supply and demand and economics Okay if demand exceeds supply we go higher If demand is there and there's no supply and the long-term holders don't sell we go bonkers That's just a mathematical fact of life And that's why I'm in this and waiting patiently since 2017 since this moment So let's go Uh he also mentioned he talked about about bit about C19 money and how governments printed $6 trillion$8 trillion in a very short window of time and uh that pushed the price of Bitcoin from 7 to $70,000 a 10x jump and then after C19 there was more money printing another 8.9 trillion uh tied to the policies and the new budget or more money will be printed And at this rate he believes Bitcoin can easily hit 1 million because if 4 trillion you know you could argue the actual timing of the C19 money 4 trillion and the time frame from from when C19 hit to the year and a half 2 years later Bitcoin did that 10x If 4 trillion makes it do a 10x and 8.9 trillion is coming that can make it do a 10x again 10 times 100k is a million dollars And again going back in history Bitcoin was not an asset class back then Bitcoin didn't have treasuries other than Michael Sailor Bitcoin was not stacked by pension funds and software funds Now it's become a household name So can you be patient can you wait till 2028 for a million dollar easy well I hope Arthur's still around to say I told you so in 2028 That would make us all very happy And yes oh by the way jump out for a second Nvidia smashed earnings as we said they would The demand for these things is insatiable all over the world And they're doing deals now in the Middle East too Expect good things from Nvidia Little breaking news there And it's up about $6 or 7 in after hours And Tesla is up $6 in after hours too Riding on the foothills Remember Nvidia and Tesla are similar So I just saw a question pop in there So from Satiendra Patil thank you for the question Now back to the story Mayor Eric Adams he is the New York City mayor He wants to bring Bitcoin bonds to New York City So cities need to find a way to raise money Uh but a lot of people don't like investing in what are called municipal bonds However if you've got a Bitcoin kicker on top of your bond you might be able to attract more investment to your city So shout out to Eric Adams doing a little bit of financial jiu-jitsu there I like the idea And by the way as I said before years last year at a video that Bitcoin is can has the potential to take over the bond market We see Sailor already doing that And this could also bring a lot of states and even countries to issue municipal bonds to rebuild their stuff roads bridges schools hospitals all that good things with the Bitcoin kicker Again if you're in it for three or four years no downside So thank you as well Foxy and Sean Donley and American Beijinger and K8 But moving on Square the company that has these little pin things I remember that enabled payments anywhere on a little iPhone device are now announcing bit Bitcoin payments to all of their users Again millions and millions of users now can accept Bitcoin payments And you can try it out before it goes live as well and that will also be there to try set up a world record for the amount of Bitcoin payments done in one day with the Guinness Book of World Records or something like that Uh that's what they're trying to do So shout out to Square Square is kind of like a Bitcoin native company from the early days and are doing a lot of interesting things but the stock hasn't been doing too well but hopefully that will rebound somehow in the near future Next Sachs and the Winklev twins This is David Saxs This the AI and Cryptozar uh a lot of talk about I only invest in two things AI and crypto since 2022 Now one of the biggest themes of this conference is like brilliant It's like yes everybody's saying Bitcoin and AI Bitcoin AI AI and Bitcoin Woo they're together It's beautiful The two biggest narratives you could possibly happen are now holding hands and the world realizes it Again nothing by chance be in those two narratives Absolutely critical But they did mention a couple of things Uh couple of quick notes here on the importance of this little talk One uh they talked about the US president embracing crypto which is big from the top down They spoke about the dinner they had in San Francisco Hello San Francisco H and talking about how at the time you had Gary Gendler that had open hostility towards all things crisp crypto You had uh the operation chokepoint 2.0 which literally the WLV twins spoke about a story where they were down to their last wiring facility wiring bank and AC Bank They cannot run Gemini without the ability to move money They were hanging by a thread They nearly died because of choke point 2.0 And they said shout out to uh Focontus whoever she is Anybody if you drop a comment below f aux kahontis sounds like an Indian name anyway they were not very happy with her for whatever reason and they said bitcoin is a US asset the sbr okay they got 200,000 bitcoin in the strategic bitcoin reserve and they're going to try add another million or 800,000 for and this will also support government uh bitcoin purchases and acceptances maybe for tax and other things and Wow Can you imagine if they make Bitcoin taxfree which some states are trying to do that right now as well And then new crypto laws um upcoming laws the stable coin bill all that good stuff clarifies rules makes on-ramps so much easier It's coming and it's huge And they were all very excited And then they did talk a little bit about gold 2.0 Bitcoin is the new gold 2.0 We know that So a little bit of stating the obvious there Then the energy for crypto and AI They want to boost policies to help US energy and data centers support not only Bitcoin mining but also AI And uh they are investing about $3 trillion in Gulf investments to make that happen Is it going to be enough i don't know But I always find it so funny that all of a sudden the narrative of oh Bitcoin mining is going to boil the ocean which we call BS from day one here is gone Because if anything's going to boil the ocean it'll be AI But AI is necessary You cannot not embrace it I always say embrace or die They are the alternatives You embrace AI or you die You pick You pick That's it And most of the Bitcoin mining is actually done in the US anyway So as I say as well if mankind needs energy they'll always find a way to find it But I'm so happy to hear the narrative of AI and crypto being out there so much at this conference So that was a big exciting point for me Now Lord Sailor is in the room He did a Q&A session and as usual he always has very interesting things to say No slide word but he did talk about how uh some things have changed One Michael Sailor and Micro Strategy are not going to become a Bitcoin bank which means not going to be lending and stuff like that They just want to build smart Bitcoin products like what they're trying to do a going after the credit market with Strife and Stark and so much more And they are all in on Bitcoin Sailor believes it's Bitcoin only It beats the stock market every time And he's mixing in other assets as well And uh he said there's no point in adding to Bitcoin It's like watering down a drink It ruins the kick and limits the ability to offer Bitcoin financial products So Bitcoin only which is great news We knew that anyway And they spoke a bit about memes as well And there's too much information right now He spoke about I call it the add world the Tik Tok world People can only cope with 60 seconds of stuff That's why if you want to get the message across everybody think in terms of memes You know his famous one is HFSP There's no second best It's going up forever Laura on a CNBS video All that good stuff They are the things that remain in people's minds And he said it's like bumper stickers and they spread Bitcoin's message first So expect more memes from Michael Sailor Uh he also spoke about flexibility and it keeps Micro Strategy strong I call that financial jiu-jitsu from day one All the creative things they're doing and uh they're not stuck in a very rigid world they can do whatever they want and get creative and he saw sp a new term as well which I heard from him as the world's new money backbone I think it was uh he described it as a savings tool the core of global finance by the way um David Sax said something very similar the core of global finance they're all preaching from the same hbook and will be a trusted way to settle big big transactions worldwide I've been talking about oil the bitcoin the pro Bitcoin for the longest time That could be coming too It's probably already happening behind the scenes We just don't know it yet And also these two these three the Winklev twins and uh Michael Sailor were talking about how AI will supercharge Bitcoin Sailor thinks that AI will replace tons of jobs and make digital money king And as AI creates massive wealth Bitcoin will soak it up because it's the fastest most secure way for computers to trade value in a digital world I'll step out again What are the two narratives you need to be in crypto and AI If you are you are saving yourself Very important Write that down Write that down in your mirror so you see it every time before you go to bed and you're brushing your teeth And no one can control Bitcoin Woohoo Uh and there's no such thing as owning too much Bitcoin So they were the big seven items I picked up from uh Michael Sailor I'm seeing a crazy number of views There must be a mistake here There's no way 43,000 people are watching this If they are fun and speaking of Michael Sailor too there was a little bit of uh uh how do I say anger you know he needs to be able to share his wallets He doesn't for security risks About two weeks ago I did exactly that I shared how uh the dangers of exposing your actual wallets You basically create a honeypot for hackers and many other reasons why it's not really required and the fact that behind the scenes they have auditors and financial controls and all sorts of things that make sure that they do have their bags But Arkham allegedly have strategy and their Bitcoin bag up They do track wallets They track movements from Coinbase Prime and other places So we'll see if that is the case Something really weird is happening with the actual view count here Um every there's no way 70,000 people are watching this That'd be crazy if it's happening It is Wow Anyway we'll keep on going That be the biggest video That'd be like uh the 100,000 uh Bitcoin party But moving on JD Vance Bitcoin keynote JD is a a person that we can all learn an awful lot from and he also jumped on the bandwagon and spoke about some other things that I think are so so important for us all to know First of all he did say this is a movement Uh he mentioned the term before I get into the nitty-gritty He did mention it's a movement and we will soon have 100 million Americans owning Bitcoin there are about 340 million Americans give or take 10 million depending on how they are with where where they are but 100 million seems a bit light but he did say soon 100 million Americans own Bitcoin Um I know that we need more than that but either way it's a good start A lot of the high net worth people are definitely owning it But his points were very interesting too He said "A movement not just a conference." And he was very excited to be there and with his uh so secret service as well And he talked about again the Trump administration supports crypto working to undo all of the very restrictive policies from Gary Gendler and others clear rules for stable coins with the Genius Act and the mainstreaming of crypto which is huge The administration wants to be a pro-inovation regulatory framework to make digital assets like Bitcoin a core part of the US economy And if you're watching the video hit subscribe I won't waste your time but I'll always share good information Uh crypto is a hedge Also he said "A hedge against bad government." I was so crazy to see a government official get up there and say "You need Bitcoin as a hedge against us good bad and different government." I thought that was a really really cool thing to say as well And uh what else um he spent dealing with adversaries as well like China as well And one thing I thought was kind of cool you got to stay politically active Again going back to the term movement Everybody needs to keep engaging not only in crypto and politics to help protect the industry as they did in 2024 This industry could have been killed very easily if it wasn't for vocal people having other people to dinners in San Francisco And then crypto and AI connection again third time crypto and AI He suggests the crypto community should pay attention to artificial intelligence developments as AI because they will impact each other and they're crucial for the future of the United States Once again crypto and AI Write that down Absolutely so important Um finally uh what else does he say community involvement Okay get involved Educate help people Be aware of what's coming Be aware of the tsunami of AI that's coming to maybe change some people's lives and also embrace everybody Embrace personal freedom build your own life raft So they were the big nine points from JD Vance that I picked up on If I miss any points anybody um drop them in the comment below And yeah for some reason there's 190,000 people watching this video No idea why but it's good if there are And don't forget to uh I never asked for a subscriber I've never had so many viewers either So something's going on with this Anyway it might just be a glitch in the matrix GameStop Guess who orange pill GameStop michael Sailor Yep They just bought nearly 5,000 Bitcoin So these two players alone in the space of 2 days bought nearly 9,000 over 9,000 Bitcoin between them 9,000 Remember only 450 will be mined a day Two players and there's more coming A lot more The floodgates are about to open ladies and gentlemen Super exciting time And of course Bitcoin and Bitcoin Cyber Trucks hand in hand Again goes back to AI energy autonomy movement of money security independence freedom It's all here in this golden symbolism as well in Las Vegas California But there was also some weird stuff as well The conference wasn't exactly perfect but there was uh one fellow Brian Johnson Um he did say that if you sleep more you make more Bitcoin Okay Personally I sleep very little and I work very hard and I think that should be the message to make more Bitcoin I can't see how me sleeping more will make more Bitcoin Anyhow moving on And it's also this could be construed as the meme of the day There is a fellow here selling gold at the Bitcoin conference but he's all alone but at least he can catch up with his TikTok which is good So it's so bizarre Can you imagine going to a Bitcoin conference and then trying to sell it's like going to I don't know an exotic Well my analogies are very bad I'll just leave it there It'll be hard to sell gold at a Bitcoin conference with the new digital gold Now tomorrow there will be more to come There's some events happening Safety is coming He is always brilliant and a whole bunch of others I'll be doing another recap tomorrow Don't forget to like and subscribe if you want to get smarter Again the big thing you take away from this video two things matter Bitcoin/crypto and AI Okay position yourselves Very very important Thank you all for coming everybody appreciate everybody for being here I have no idea what's going on with the views but something is glitchy in the Matrix Actually while I'm here let me just check Yeah quarter of a million people How is that even possible anyway we'll move on Thank you all for coming and uh I'll see you all tomorrow Stay safe