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The Breakdown

Bitcoin is Manifest Destiny

The Breakdown

Blockworks

Investing, Business

4.8786 Ratings

🗓️ 19 November 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Michael Saylor has previewed the perfect narrative for the push for a Strategic Bitcoin Reserve -- Bitcoin as Manifest Destiny. Plus BTC options appear to be moving forward. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

0:18.3

What's going on, guys? It is Monday, November 18th, and today we are talking about Bitcoin and Manifest Destiny.

0:25.4

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

0:28.9

give it a rating, give it a review, or if you want to dive deeper into the conversation,

0:32.4

come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash

0:36.7

breakdown pod. All right, friends, in the show notes or go to bit.ly slash breakdown pod.

0:38.3

All right, friends, well, we are still coming to terms with the post-election Bitcoin

0:43.6

environment, and at least for one person, they have never been more bullish.

0:49.0

Speaking with CNBC late last week, Michael Saylor dismissed fears of a major correction,

0:53.6

stating, I don't think it's

0:55.2

going to 60K, it is not going to 30K. I think it is going to go up from here.

1:00.0

Saylor said that the red wave is probably the biggest thing that has happened to Bitcoin

1:03.0

over the past four years, adding, I don't really see any threats on the near-term horizon.

1:08.2

Speaking for a mainstream audience, Saylor noted that micro-stratage's plan

1:11.8

to raise $42 billion to buy Bitcoin was, quote, the same as saying we're going to buy every

1:16.3

Bitcoin mine for the next three years at 85K or more. So there's a lot of bullish things going on

1:20.7

in the market right now. Speaking more closely to price targets, Saylor commented,

1:24.9

I'm planning the 100K party and I'm thinking it's probably going

1:27.7

to be New Year's Eve at my house, so I wouldn't be surprised if we don't go through 100K in

1:31.6

November or December. The interview then turned to the Bitcoin Strategic Reserve, and in many

1:36.1

ways it offered a glimpse on how the policy might be presented to the public. Saylor said,

...

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