2256: The Nakamoto Heist: 99% Collapse Inside the Bitcoin Power Struggle

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Bitcoin News Alerts

Investing, Business

3.8 • 636 Ratings

🗓️ 18 February 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

A 99% stock collapse. A restructuring that flipped control. And a wave of criticism from prominent Bitcoin voices who say this is exactly what they once warned about.

In this episode, we break down what's being called "The Nakamoto Heist" — not as gossip, but as a case study in Bitcoin's growing power struggle. How does a near-total equity wipeout turn into consolidation of influence? What does it say about Bitcoin wrapped inside the financial industrial complex versus Bitcoin in self-custody?

We unpack the mechanics of the collapse, the strategic moves that followed, and why critics argue this moment exposes a deeper tension: is Bitcoin being adopted — or absorbed? As sovereign funds buy dips, ETFs swing flows, and $150K targets resurface, the real debate may not be price at all — but who controls the rails.

This isn't just a corporate story. It's a clash between ideology and capital inside Bitcoin itself.

Transcript

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0:00.0	Welcome Bitcoin fam to the number one Bitcoin pod. Bitcoin still trading sideways. We're just above 66,000 at the time of the live. I'll be breaking down the latest TA. We'll also discuss ECB Target in 2027. Digital Euro pilot as provider selection begins in the first quarter of 2026. Also, Bitcoin ETF's log, 105 million of outflows as the
0:23.0	mystery iBit buyers surface. Also, Abu Dhabi's sovereign wealth fund bought the Bitcoin dip. We're talking
0:30.9	sovereign wealth funds in the Middle East, which hold over a half a billion dollars. I'll be
0:36.0	breaking it down for you. Also, Wells Fargo sees Yolo
0:39.0	trade, driving 150 billion in Bitcoin and risk assets. Also, I got a prediction for you, a Bitcoin
0:45.3	hit in 150,000 this year before the end of the year. And our big story today, the Nakamoto
0:50.7	Heist, how David Bailey used the 99% stock collapsed to buy his own empire.
0:56.6	We'll also be taking a look at the overall crypto market.
0:59.3	All this, plus so much more, right here in today's show.
1:09.4	Today is pot episode 2,2006.
1:11.6	I'm your host JV. Fedchair Nipinator is still at the animal hospital. I pick them up tomorrow. Keep them in your prayers, please. I got my fingers crossed. He reignites with me here for tomorrow's episode. So I appreciate all the prayers, all the love, all the wishes,
1:28.2	all the comments. Thank you. Nip appreciates the support. Today is Feb 18th, 2026. I'm your host, JV.
1:37.3	Bitcoin's hovering just above 6,000 at the time of the live as the trading sideways
1:42.3	action Jackson continues. But kicking it off with our market watch as we do each and every day.
1:48.8	Pulling up Coin360, sad to say everything correcting today in the red, Bitcoin down 2%, Ether down almost 3%, XRP down almost 4%.
1:57.8	Just losses across the board. Checking out, coinmark cab.com. Also, crypto market cap been
2:03.5	on the decline. It's only $2.31 trillion for today. Bitcoin specific market cap, $1.34 trillion.
2:11.8	Checking out top 100. Crypto gainers past 24 hours. We got Trump's WLFI leading the back of 15% on the day,
2:19.6	followed by Cosmos up 7% and kite up almost 7%. Then very modest gains as the bulk of the market
2:25.7	is correcting in the red, as you can see as I scroll down from all the top 100-ish coins.
2:30.8	And checking out the crypto greed and fear index were back at an eight. Extreme Fear. I believe it
2:36.2	was a five or six is the new bottom, which we hit last week, the new cycle low, I should say.
	...

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