Arizona Passes Bitcoin Bills — Will the Governor Say YES? | Britcoiners by CoinCorner #168

Transcript

Trumpcoin soaring as the President offers dinner to the top 220 holders. This is why Dave's not here, by the way - he's flying out to Washington as we speak.

Right, let's go. Welcome back, guys. This is Britcoiners episode 168. It's good vibes only today because Dave's not here.

You're looking different, Dave. I'm wearing matching socks!

Yeah, no Dave this week. We're joined by Henry instead. Hey guys.

Immediately power-played and took your seat. I know, I took Dave's seat - so it looks a little different. But that's not to say it's not going to be a great podcast.

Okay, agenda today: We've got the announcement of 21 Capital and Jack Males. We've got an update on Trumpcoin. Coinbase have revealed their Lightning numbers. Arizona Bitcoin bill update. Strategy news.

It feels weird when you say "strategy news" 'cause it just sounds like the word "strategy". Just say "MicroStrategy", can't you?

They've rebranded. I don't think I've ever called them "Strategy" - MicroStrategy news.

And the Cambridge Bitcoin mining report. And a loaded Dave's... and no arguments, hopefully. Today it's going to be a very agreeable podcast.

Yeah, it might be boring.

Okay. Um, price this week: current price is 95,000. 95,000 - been hovering around that this morning, haven't we?

Yeah, up since the last episode's price was 88. Oh wow, that's a massive jump up.

So I just want to jump in, Molly, and ask viewers to like and subscribe. Sorry! She's forgotten.

I like to just keep you on your toes. Yes, please like and subscribe, and join the Telegram chat if you really want to. It's where all the fun happens - all the magic.

Okay. Nothing to comment on the price today? Not yet - maybe when we get to the MicroStrategy buying stuff.

Okay. I mean, I'm surprised it's not gone down more with the Spain blackouts and stuff. I'd have thought people would be panicking - "can't sell Bitcoin, Bitcoin's going to go down, no internet" sort of thing.

I suppose with no... Yeah, with no internet they can't sell it.

That's true. And you're putting a reliance on Portugal and Spain being substantial Bitcoin... is that?

No, I don't know what their percentage is. It might just be the start, you know - could be going global.

It did lead to, like, further afield issues, or... Right, people that have servers in France and Spain, their websites went down and that kind of thing.

Some of the services we use went down, didn't they? Briefly. Okay. No, the price didn't really react to it at all, did it?

No. No.

Yeah, we'll kind of touch - I think the ETFs - we spoke about it last week with ETFs and the inflows on that has now helped drive the price up.

But yeah, Zakk says we'll touch on the MicroStrategy one, 'cause me and Zakk had a nosy round some of this this week.

Okay. Well, do you want to go onto that one first, seeing as we no longer stick to the actual flow of the agenda?

Sure.

Okay. So MicroStrategy acquired 15,355 Bitcoins for 1.42 billion. Didn't they buy... was that yesterday?

No, was this last week? No, it was yesterday he tweeted it, but they didn't buy yesterday, or the...

So we - I mean, this is the thing - me and Zakk looking, trying to figure out: the Bitcoin price has been going up, as we saw there, for seven days. ETF inflows have been big during them seven - or five - days, and the price obviously has gone from... I think it was about 85,000, wasn't it? Up to, like, 95,000 now, over a period of two weeks-ish, maybe.

But yeah - sorry, as Mikey had on the screen there - it was last week, but the week at 88,000, where we started to see the inflows turn around basically after the tariff issues. And the inflows into the ETFs are starting to increase again.

And we were saying that the Bitcoin price has gone up with the ETFs buying, and you can see that - and it kind of correlates. Whereas when MicroStrategy buy, we don't see the impact like we used to.

I think in the early days, we used to feel like we saw it a little bit - now we don't really see that. 'Cause he'll tweet out he's bought like a billion dollars of Bitcoin, and he's got a price higher than the current price, and the price has gone down - and it's like, what's going on?