Is the US Treasury About To Start Buying Bitcoin?

0:00Hello, everyone. We've got a lot to discuss today. Treasury Secretary Secretary Scott Bessing confirms that the United States of America is going to buy more Bitcoin. Retail investors have officially pushed out Open Door CEO, Kerry Wheeler, and the world humanoid robot games. It's going to blow your mind. We're live today from the desk of Anthony Pompliano.

0:27All right, before we get into today's show, I need your help. We have 16 ,532 subscribers on YouTube. And as we all know, my goal is one milli. So please make sure that you subscribe to this video. Let's get into the show. All right, ladies and gentlemen, yesterday we had a national crisis in the Bitcoin world. Bitcoiners are great at creating drama, but this time it was well warranted. Scott Besson, the Treasury Secretary, went on Fox Business with Maria Bartiromo, and he said the following. You're talking about a number way above 750 billion. What's the story on gold? We've got this large gold holding.

1:08I doubt we're going to revalue it, but we are going to keep it there again as a store of value for the American people. We've also started to get into the 21st century a Bitcoin strategic reserve. We're not going to be buying that, but we are going to use confiscated assets and continue to build that up. We're going to stop selling that. You know, I believe that Bitcoin reserve at today's prices is somewhere between 15 and 20 billion. Wait, what? Didn't the administration say they were going to buy Bitcoin? But you know what? If you go back and you actually watch the clip, he kind of said it as like an offhand comment.

1:47and it looks like he didn't actually mean it. Because then later on, once the internet started up in a storm, yelling and screaming, tagging him, tagging the president, tagging everyone in the administration, Treasury Secretary came out and he said, Treasury is committed to exploring budget neutral pathways to acquire more Bitcoin, to expand the reserve, and to execute on the president's promise to make the United States the Bitcoin superpower of the world. My big takeaway here is people are listening to the retail audience. And if you promise them something, They're going to hold you accountable.

2:18And it's great to see the Treasury Secretary not only tweet it, but also that the United States of America is actually going to buy more Bitcoin at some point in a budget neutral way. And we are going to serve as a great example for the world. Bitcoin is here to stay. Bitcoin is a reserve asset. And if we want to be a technology leader, if we want to be an economic leader, and if we want to be a leader on the geopolitical stage, we've got to put more Bitcoin on our balance sheet. Oh, boy. Boy, I don't even know where to start with this one. Opendoor, which has become a fan favorite of the retail audience in recent weeks, just saw their CEO, Kerry Wheeler, step down.

2:55Now, the reason why this is interesting is one, Opendoor management seemed to not really be running the company in the way that the retail audience, their shareholders, wanted it to be run. The power of the people also held them accountable. And so now we have the CEO stepping down, which means that there's an opportunity to bring in a dynamic leader who's going to better embrace the modern market. Now, what needs to happen here is that we have to actually get a product that's built using AI that's going to solve the problem of customers and drive revenue. The second thing is that we need somebody who's going to embrace the retail audience or the retail shareholder.

3:26And then third is we need someone who understands how to actually leverage all of this volume in the stock and all of the attention to actually get the capital on the balance sheet so that the company can use it to continue to grow. Now, what I find so fascinating about this situation is that Open Door is a multi-billion dollar company. There's people on the internet with X accounts who just kept tweeting and tweeting and tweeting and tweeting and tweeting and tweeting. And eventually the CEO stepped down. The public pressure became too much. And so is Carrie Wheeler a good CEO or not? I don't know.

3:59I was scheduled to have an interview with her on Monday. I'm assuming that's not going to happen anymore. So I never had the opportunity to talk to her. And so I can't judge whether she's good or not. But what I do know is that retail investors, the perception was she wasn't good. And they began to call for her job. She stepped out. And look, all the pressure didn't just come from random people on the internet. Even Open Door co-founder, Keith Raboi, very well-respected, maybe one of the best angel investors in the world. He went on TBPN, shout out to those guys. And he laid out a pretty compelling argument for why Open Door should make changes and how big it could get.

4:30Take a listen to what Keith had to say. Well, I'm very excited. a bunch of retail investors led by Eric Jackson have really taken a spotlight and focused it on the potential of the company. I think for a lot of reasons, the company for the last three years has not really capitalized on its disruptive elements, its innovation, and people have sort of forgotten about it. And the public market's attention is really important. And now there's a very strong, shining spotlight on the potential of the company, which I think should be like Carvana. Carvana is a$40 billion company with, in fact, more competition than Opendoor has.

5:08But Opendoor has not been able to frame the narrative about the innovation as well as Carvana. And I think that's going to have to change. I think substantively the company needs better leadership, both on a story selling tide and on the innovation side. I tweeted out, really with about 10 minutes of thought, ways to fix Opendoor this morning. And there's just specific specificity behind every one of those elements that I could dive in deeply. But the company's not executed on any of those things. If anything, it's taking a step backwards and partnering with these legacy real estate brokers, which makes no sense whatsoever.

5:47And so this is a new error in financial markets and the public equities. Ultimately, retail investors, they not only have capital, but they also have a voice and they are going to have their voice heard. And if we are going to now see the same energy that drove Bitcoin's global adoption, show up in the stock market, it's a new dawn. There's going to be a lot of public companies who are going to have to figure out how do we engage with these people? How do we deal with them when they come for us? How do we use them to become an asset or an ally? And also, maybe we should get our act together. We got to make sure that the retail audience doesn't have anything to attack us over.

6:22We should have a company that's efficient. We have a company that's growing fast. We should have a company that actually wants to embrace these people. Because as the game changes, the best leaders, they're going to change with it. You don't have to look very far. Elon Musk at Tesla, Alex Carpet Palantir, and many other examples all throughout public markets show that when you embrace these people, when you actually show your shareholders that you care, that you hear them, and that you want to do right by them, they'll reward you. And I think that's the opportunity in front of Open Door now. I own the stock.

6:49I'm excited to see where this goes. I'm pretty surprised the CEO stepped down so quickly, but I do think that this is an opportunity for the company to improve itself. Let's see what happens from here. All right, before I let you go, we've got a fun one for you today. Beijing, China just held the World Humanoid Robot Games, first time ever. And the World Humanoid Robot Games, they had robots doing all kinds of cool things. Hip-hop dancing, playing soccer, doing boxing, knock them out, rock them socle, track, and much, much more. Take a look at this video here to see what humanoid robots can do today.

7:23And now that they're competing, humans, we may get left behind.

7:56Thinking

8:11Alldzie Next is our actor

8:26Now, I don't know about you, when I see that video of the humanoid robots doing things, frankly, maybe even better than humans, starts to tell me that we are at the precipice of an explosion of artificial intelligence and robotics. I can't wait to see where this goes, because something tells me that if we start to get robots who can throw a football 100 yards or maybe run faster than humans, the world's going to get really entertaining, a little chaotic. And maybe, just maybe, the people who understand how the technology is going, they'll be the ones who actually can harness it and benefit. And the people who don't, they're going to get left behind.

8:57So keep warning, my friends, and make sure that you do the one thing I need from all of you. Please, please, please make sure that you subscribe to the YouTube channel. I'm trying to grow it. My goal is one milli. We're starting from the bottom. We'll eventually be here. And you're along for the ride. I'll see you guys live from the desk of Anthony Pompliano on Monday.