2290: BlackRock: AI Ignites Bitcoin Supercycle - $1M BTC Supply Shock

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Welcome Bitcoin fam to the number one Bitcoin pod, and today's show we shall discuss Black

Rocks as AI, could ignite the next Bitcoin Supercycle, and if they are right, we're talking

$1 million Bitcoin may arrive, far sooner than most investors expect, I'll be breaking

it down for you, also, they're claiming updating the plumbing of the financial system

is happening right now, according to Larry Fink, their CEO, tokenization, could expand

access to the markets, also discuss Bitcoin exchange outflows, showing genuine accumulation

by the investors right now, also breaking news, Irish police open Bitcoin wallet, years

after the keys are apparently lost.

Also, Bhutan offloads another $37 million, with Bitcoin as sovereign wallet shrinks, also

breaking down the latest T.A. was happening in the market, all this plus so much more

right here in today's show.

Today is pod episode 2290, I'm your host JV, alongside the Fed Chair, Nipponator, Nipponatin,

today is March 25th, 2026, and there's bullishness in the air, Bitcoin's up pumping, it's

a rip-in like the new Scotty Pippin.

But let's kick it off with our feature story of the day, you can see a lot of BlackRock

and the headlines again, AI ignites, crypto's next super cycle will Bitcoin in the front,

according to BlackRock, and then I got back-to-back BlackRock stories, BlackRock CEO Larry Fink says

tokenization could expand access to the markets, but first I got to hit you with the bull.

BlackRock says AI could ignite the next Bitcoin super cycle, and if they are right, a $1 million

Bitcoin may arrive far sooner than most investors expect.

Let's go.

Let us sing in, not because of the hype, but because of the speculation, no.

But because of the Nipponator Indicator, of course, and because of the undisputed math.

BlackRock manages more than 14 trillion in assets as of 2025, and its ITF has already

accumulated 800,000 BTC, and they did that in two years, let that sink in.

With the ITFs did not go live until January 11th of 2024, so virtually two years, 800,000

Bitcoin.

That's one asset manager, and when the largest asset manager on the earth starts talking

about a Bitcoin super cycle, Gohan and Goku, they get excited.

Smart investors pay attention, according to their analysts, AI could accelerate the next

phase of digital asset adoption, and sitting at the center of the shift is the BTC, but

the real story isn't just that AI narrative, is to supply, as you know, more than 20 million.

Bitcoin have recently been mine, we hit that milestone here just recently, which leaves

fewer than 1 million coins left to be created, between now and the year 21 voting, but that

number is even misleading, because the amount of Bitcoin actually available to buy today

dramatically smaller and shrinking every single year.

Millions of Bitcoin are permanently lost, early adopters misplaced private keys, hard

drives were thrown away.

The wallets disappear forever, Laura.

Those coins will never move again, and then there's long-term hotdlers, and the nipinators

with the diamond paws.

Bitcoin investors who accumulated early and simply refused to sell.

Every year, more Bitcoin moves into the coal storage, and when coins leave exchanges,

they leave the liquid market, which means the supply available for the new buyers keeps

shrinking relentlessly.

Now look at the other side of the equation, the demand.

Bitcoin ETFs continue absorbing Bitcoin every single week.

When the inflows are on a go, it's billions of dollars per week, you know.

BlackRock Spot Bikoning Def came one of the fastest growing ETFs in financial history,

in ETF history, way faster than the gold ETF ever achieved.

In corporations, beginning to adopt Bitcoin as a treasury reserve asset, public companies

across the world copying the strategy playbook, a great example.

Michael Sayler kicked off the treasury play back in 2020.

He has now close to 800,000 Bitcoin, I think it's just about $760,000.

He's accumulating like a madman, and now there's over 200 public companies with Bitcoin on

the balance sheet.

And governments are also quietly studying Bitcoin as a strategic reserve.

Of course, Naiji Bukele, Bitcoin Country was the first to do it in 2021, and then more

recently, Trump with the US recently released their Bitcoin strategic reserve with their

executive order.

Now they just need to add Bitcoin to it.

And hopefully, Trump does some, a little sum sum.

Baron, if you're watching, nudge your father, please.

Now add a few catalysts.

The AI, the global AI race, becoming the most capital intensive technological competition,

the world has ever seen.

Hundreds of billions of dollars being deployed to build the AI infrastructure.

We're talking data centers, energy networks, entirely new digital economic systems, increasingly.

The company is building that future, exploring Bitcoin as a strategic monetary layer, not

a speculation, but as infrastructure.

Because it offers something, no other asset on earth can provide a fixed supply monetary

network.

There will only ever be 21 million Bitcoin.

No central bank can print more.

Can I get a hollow louis for that one?

And no government can dilute it, nor can they confiscate it if it's properly self-custodied.

And no board of directors can vote to increase the supply, unlike the Ethereum Foundation

just saying.

And this is where most people still misunderstand Bitcoin.

They think Bitcoin price moves because of the height.

That's not true.

Bitcoin moves because the global capital is discovering there isn't enough supply.

Basic supply, demand dynamics, stock to flow.

History shows this pattern again and again with scarce assets.

First the market underestimates the supply constraint.

Then the institutions begin accumulating.

Then the realization spreads that supply is disappearing.

And once that realization hits, prices don't move slowly.

They literally reset.

Bitcoin also began to compete with entirely different markets.

New pools of capital, including gold, treasury, sovereign wealth reserves, global monetary

assets, real estate, and compared to those markets, Bitcoin is still in its infancy.

At roughly 70,000 per coin, the entire network is valid right now at around 1.4 trillion.

Compare that to gold at 36 trillion, global sovereign debt exceeds 120 trillion, global

bond markets exceed 145 trillion, global real estate exceeds, 390 trillion, and Bitcoin's demonetizing

all of these pools of capital.

And real time, and we're just getting started.

So when even a small percentage of the capital moves into Bitcoin, the available liquidity

disappears.

This is how supply shock begins.

Gradually at first, then suddenly, first 200g's per bitty, then 500,000, then the number,

many investors still struggle to comprehend today.

One million per coin, which isn't really that far away.

Considering we've already achieved 126 back in October, that's like a 10X, easy, peasy

for the BTC.

And because this is the moment, Bitcoin stops being viewed as a speculative asset and

begins competing with global monetary reserves, the gold, the treasuries, sovereign wealth

fund, central bank balance sheets, and there's trillions of dollars that will eventually

want exposure to Bitcoin.

Collectively, we're talking about a total addressable market north of 800 trillion, with

fewer than one million Bitcoin left to be mined, and the number actually available to

buy, obviously far smaller.

So the real question isn't whether the Bitcoin demand grows.

The real question is, where do you think the Bitcoin tops this cycle?

200g's, 500g's, or 1 million per coin?

Let me know your thoughts in the comments right down below.

I'll make a hypothetical guess of 200g's.

Well, I hope you're right.

I'd love to see Bitcoin above 200g's, and hey, if we have a lackluster bully pond this

year next year, so be it, because in 2028 you're the having, you know, I'm a firm believer

will be a million per coin before 2030.

I think, and I've been saying this a long time by 2029, because it's the year after the

having, and that is still three years out.

Can it happen sooner?

Sure.

Anything could happen, right?

But we'll soon see.

All right, fam.

Next story of the day, updating the plumbing of the financial system, BlackRock CEO Lawrence

Fink says tokenization could expand access to the markets.

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And his latest annual letter, and it's actually linked here to the website, Fink emphasizes

long-term investing, broader market participation, sensation, and the transformative potential

for tokenization.

He frames today's economic environment as one defined by rapid change and uncertainty,

with digital wallets and tokenized assets offering the potential for powerful change.

Half the world's population carries a digital wallet on the phone.

Imagine if that same digital wallet could also let you invest in a broad mix of companies

for the long term, as easily as sending a payment.

Tokenization could help accelerate that future by updating the plumbing of the financial

system, making investments easier to use, easier to trade, and easier to access.

Also, easier to lose all your money.

Just saying, Fink positions tokenization as the foundational petershift in financial infrastructure,

capable of lowering the barriers to entry and improving efficiency across the markets.

He also underscores the BlackRock growing presence in digital assets and tokenized products

quitting them here.

BlackRock is also actively building an exciting newer tech in financial markets, including

digital assets, tokenized funds.

Today, there's very little access to traditional investment products and digital wallets.

We plan to lead the charge in changing that.

BlackRock has already established early leadership and bringing institutional quality products

to the digital market at scale with nearly 150 billion in assets and remanagement connected

only to digital assets.

Our tokenized treasury fund has grown into the largest tokenized fund in the entire world.

We manage 65 billion of stablecoin reserves alongside nearly 80 billion of digital assets

at ETPs, exchange-traded products.

We have built all of these franchises in just the last few years, and we're studying

opportunities to grow our position even further.

The letter ultimately frames tokenization, not just as a technological innovation, but

as a potential catalyst for democratizing investing, bringing more individuals into

the financial system, and aligning their economic futures with broader market growth.

Let's see if we can get a couple of quotes from this story as well.

They say AI agents are very unlikely to use, you know, Fedwire and Swift, the old traditional

system.

What is crypto?

Crypto is a computer native money.

AI is computer native data and intelligence, and so there's natural symbiosis there, and

they're ultimately predicting the AI to start using Bitcoin and cryptocurrency, which is

actually very fascinating and then scaling at large.

And maybe AI taking over the world, at least that's what it seems, you know, it was all

a dream and then appeared the Fed chair by the name and nipinator.

But anyways, Bitcoin exchange outflows show genuine accumulation by the investors.

That's right.

Ask the professor.

The net outflow of the Bitcoin exchanges over the past month suggests investors have

started to accumulate crypto, well, they should, right?

March has been largely dominated by the bitty, outflows from the crypto exchanges aside

for one spike of the inflows just before the asset taps six week high of 76 g's.

That was March 17th last week, and the negative net flow as remain present, while Bitcoin continues

this liquidation phase, also known as a dark-foss the analyst he wrote, this persistent outflow

suggests genuine accumulation by the investors, who continue to buy and withdraw their bitties

from the exchange platforms, inflows to exchanges are generally bearish, as investors prepare

to exchange the asset for the stables, which adds to the sell pressure, whereas the outflows

are often a sign of accumulation and a possible precursor to the buying pressure is outlined

right here, you can see the inflows versus the outflows.

Long term accumulation rather than a short term speculation, the analyst added demand

is not yet strong enough to restart the trend, but it clearly indicates the ongoing accumulation

and is likely one of the factors behind the range formation that has been developing for

several months now.

Nick Ruck, director of the LVRG, LGBYQ, says the outflow signal, genuine long term accumulation

by the investors rather than short term speculation, so long term hotdlers are continually accumulating.

The removal of the Bitcoin from centralized platforms showcases growing confidence and

Bitcoin's fundamentals, amid the current market conditions, as hotdlers indicate a lack

of the interest, and selling to hedge against the price volatility.

Then we have the chief operating officer over at Crypto Exchange's BTSA, who said Crypto

outperform stocks and goals since the beginning of the Iran War, so it's no surprise that

investors are accumulating Bitcoin.

Crypto is oversold in a week and months prior to the conflict, so it makes sense that it

hasn't sold off as hard as the stocks have.

This could also be an indication of the Bitcoin emerging as a hedge against traditional stocks,

as well as increased institutional ownership.

Another trend we have noticed is a lot of outflows and gold.

Gold just had its worst dump in like 50 fucking years, while Bitcoin has been maintaining

and actually starting to gain some traction.

The great decoupling is here.

The great rotation, as Samson calls it, another indicator potential trend formation is the

Bitcoin price, marking higher highs and higher lows, as it's done at least twice thus far

this month.

In the on-week on-chain summary by Glastno, they said the net unrealized profits and losses

have improved slightly, indicating a modest easing and unrealized losses across the market,

but caution that the sentiment is still under pressure despite the tentative size of stabilization.

You know, preliminary thoughts that you think we don't, and maybe retest potentially

the 60,000 cycle bottom, or do you think we're more likely to close that CME gap just above

80?

Because we're right in the middle right now.

Next story of the day, Irish police opened a Bitcoin wallet years after the keys were

apparently lost.

Interesting.

Irish national police say they cracked one of the 12 Bitcoin wallets linked to a convicted

drug dealer years after they were confiscated and only took them how many years, and their

access codes were thought to be gone forever.

Ireland's criminal asset bureau, I guess that's equivalent maybe to the FBI, the CAB, said

an assatement on Tuesday.

It had gained access to the seized crypto wallet containing 500 of the bitties worth more

than 35,000 with the help of the euro pools, European cyber crime center, euro pool hosted

an operation meetings at the headquarters in the hog, Netherlands, and provided critical

support to the Bureau investigators and analysts, but a provision of highly complex technical

expertise and decryption resources vital to the successfully operation.

The Irish Times reported on Tuesday, the wallet is one of the 12 holdings of a total

of 6,000, Bitcoin owned once by Clifton Collins, a drug dealer, sentenced to five years

in prison for growing and selling cannabis, that's not a criminal, that's a fucking legend.

Let's free Clifton Collins, if he can pardon someone in Ireland, just talking shit.

The access codes were lost when the paper, they were printed on, disappeared, she's Louise,

and here's the official announcement from the criminal asset bureau on X. Most of the

time, losing a Bitcoin private key means there's no way to recover or to crack the wallet,

the funds are permanently inaccessible due to the public key cryptography, a wallet labeled

Clifton Collins lost keys, but a blockchain intelligence platform RCAM transferred 500

of the bitties to Coinbase Prime on Tuesday.

More than a decade after the coins were first deposited, RCAM lists Collins as controlling

14 addresses, with total holdings of 5,500 bitties valid at 391,000,000.

Collins was arrested back in 2017 after police searched his car, found a stash of cannabis.

Imagine you got a little bag of the cannabis, you get arrested for fucking however many

years, and then you had 500 or it turns into 500,000,600,000,000,000, a Bitcoin and some

damn cops, then stole your shit for having a bag of cannabis, a plant that God created.

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He said Collins used the proceeds from his drug operation to purchase 6,000 bittcoin.

Wow, in late 2011, he got a good deal on that, spreading and holding across 12 wallets.

He stored the wallet keys in a single sheet of A4 paper hidden inside an aluminum cap

of a fishing rod case at the rental home.

I guess that's obviously how they recovered them.

They found that fucking aluminum cap fishing rod case.

After the arrest in Sentinson, Collins landlord cleared out his rental home, discarded the

belongings.

Collins, however, claimed the fishing rod case had been stolen before the, of course.

So clearly, that shit was stolen, you know, and that's fucked up, truly is.

But yeah, that's one of many stories where confiscation happens when they find your private

keys.

That's the downside of writing down your private keys on a piece of paper.

That's not fucking protected, you know, crazy.

That's a fucking half a billion dollar loss and he took it like a boss, all for some cannabis.

It's insane, man.

Most expensive back cannabis, known to man.

Next up, Bhutan offloads $137,000 and Bitcoin is sovereign wallet shrinks, so why are

they offloading?

Bhutan moved more Bitcoin from the state-link wallet on Wednesday, which is today, extending

the march drawdown of the sovereign holdings.

Art ham.

Bam, bam, thank you, ma'am.

Showed the Bhutan government-link wallet transfer 519 bitties, worth roughly $36 million

to two wallets on Wednesday, on Chain Lens said one of the destination wallets was linked

to trading firm, QCP capital.

The move marked Bhutan tag wallets, third large wallet, Bitcoin transfer of the march, following

the 72 million move in six separate transactions of the past 24 hours, leading up to the March

18th and the one or 11.8 million moved on to March 9th.

The latest transfer as a heavier march outflow pattern after Bhutan moved just 284 bitties,

February.

The wallets still holds 4,453 bitties, worth around 315 million, down from over 13,000

bitties going in October, 2020, 4.

As broken down right here, on Chain, that's right, the public block chain, everything is

public.

They trace your ship.

As a March 12, Bhutan was the fifth largest country of Bitcoin holdings behind the US government,

the UK government, and El Salvador, as well as the UAE, they debate.

Bhutan was among the earliest countries without Bitcoin mining back in 2019, and as since

constructed multiple hydroelectric power plants along glacial rivers to harness cheap hydroelectric

power.

In May of 2023, Bhutan's sovereign wealth fund drug holding.

The investments announced 500 million partnership with BitDeer to expand the Bitcoin mining

operations and in December of 2025.

Bhutan said it would tap into the Bitcoin from its stash to help build a special administrative

region.

The initiative is part of the wider national Bitcoin development pledge, which aims to support

Bhutan's long-term economic development through its Bitcoin holdings and mining operations.

And if you don't know now, you know, bro.

Anyways, final story of the day, family lamb, lamb, thank you, man.

Bitcoin pinned under 72, as for network metrics show, we're demand, and here I stand, Bitcoin

price struggling to break 72, as several key on chain metrics highlighted weakening demand

for the BTC.

Casting doubt on the upside potential.

Bitcoin investors increasingly risk off distributing the Bitcoin holdings made a recent

price weakness for you by the U.S. and Israel, Iran War, and the macro headwinds.

Glass node accumulation trend score is near zero, which is seen in the chart and in the

light yellow.

I say, I call it PP yellow or nipinator yellow, indicating that the whales are distributing

their Bitcoin holdings or not accumulating.

The drop at a second score indicates a transition from accumulation to distribution across almost

all cohorts.

This shift mirrors a similar pattern observed early 2025, which aligned with a biddy dropped

to 74 or 5 in April 2025.

An additional data from the glass node shows a Peter shift towards distribution or inactivity

amongst the small mid-sized entities holding at least a thousand Bitcoin.

And that's kind of typical.

The short-term hotdlers always selling long-term hotdlers or the OJs, they're always hotdling.

This is what it is.

Richcat Richipore get poor.

What are you going to do?

This is the contrast to Q4 2024 with the broad cohort accumulation proceeded to sustain

rally according to the on-chain data, heavy participation across wallet sizes remains

a precondition for any durable recovery.

You know, also Bitcoin well activity historically been kind of quiet, reflecting distribution

or inactive accumulation trend of the Bitcoin well activity, which has become historically

quiet.

According to the sentiment, I got to talk to Samson.

This week, daily Bitcoin transactions above 100 Gs fell just shy.

6,417, the lowest in September of 2023.

Meanwhile, transfers exceeding 1 million dropped to 1485 levels last year in October 2020.

The declining.

Well activity is largely due to the market participants waiting for the clarity from the

Clarity Act.

Can't we get some clarity?

That's why we got rid of Gensler.

We're stuck in no Clarity yet.

We still have no fucking Clarity Act.

What are we doing?

As well as the long-term solution to the war.

You want to know the solution, it's called peace.

You can't end the war with more war.

You can't end the violence with more violence.

But we haven't figured that shit out yet, apparently.

This in the case of smart money is reluctant to make the moves with so much policy and

global uncertainty at play.

And regarding the network activity is also declining.

Bitcoin inability is sustained of recovery is further evidence by the low network activity

and less on-chain demand.

Less on-chain demand for the contraband.

Cryptoquence Bitcoin network activity index, which tracks the key indicator such as daily

active addresses, or Transactions Count, the UTXO Count, has been declining since August

of 2025.

This points to the weaker demand across the network.

This aligns with weak on-chain fundamentals, such as liquidity, and network growth is

tracked by the Bitcoin Vector Fundamental Index.

This metric keeps trending lower and remains well below the strengthening zone.

Unchain data provided describe that the current market conditions as stability without support,

rather than a healthy consolidation sensation.

Quoting analytics here, as long as the on-chain conditions stay weak, upside looks increasingly

dependent on flow, short covering, or external catalysts.

Not organic strength, its fundamentals don't recover or this kind of divergence, usually

doesn't offer support to sustain the mid-term recovery and is according to the breakdown

from the Swiss block.

Meanwhile, Bitcoin mining hash rate did drop 22%, a metric that shows the level of the

mining activity dropping sharply over the last couple of weeks, meaning miners are shutting

down the machines.

Now the hash rate has fallen to 813X of hash per second today from 1.2 Zeta hashes on

March 5th, representing a 22% decrease.

This may due to the rising energy cost exacerbated by the US and Israel, Iran War compressed the

hash price below 34 per pH per day, which is below many of the miners break even levels

and when they're no longer breaking even, apparently they go offline.

Bitcoin miners are losing 19,000 on every coin they produce and difficulty just dropped

almost 8% as the miner exodus accelerates.

The dip occulte drops another 5% but in the next 7 days, miner capitulation is accelerating

and spot cell pressure will intensify like it ain't so.

And checking out the overall market here, checking out coinmarkcap.com, a positive note.

We are up to 1.5% today, meaning money is flowing into crypto again, 2.43 trillion total

crypto market cap, Bitcoin mark cap back above 1.4 trillion, which is a good sign, checking

out the crypto green and fair index.

We are a 14 in extreme fear of today last month, we were as low as a 5.

I think the low for the cycle is a 4 and checking out the infamous time chain calendar.

Today is block height 942,183 and you can exchange 1 fiat monopoly dollar for 1,113 sets.

And don't forget to check out bitcoin news alerts dot net for the full premium experience

with video and to participate in the live stream along with the Q&A and I look forward

to seeing you on tomorrow's episode.

HODL!