2226: Bitcoin Bulls See $1M — "Attack on the Fed" Narrative Builds
Bitcoin News Alerts | Daily BTC Macro Signal · Justin Verrengia
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Show Notes
A growing group of Bitcoin bulls are now openly discussing a $1 million Bitcoin scenario, framing it as a monetary counterweight to central bank expansion — an "attack on the Fed" narrative driven by scarcity versus unlimited fiat issuance.
Despite short-term bearish sentiment among U.S. traders, capital flows tell a different story:
• $2.2B in crypto ETP inflows, with Bitcoin dominating gains
• Institutional demand continuing to absorb supply
• Bearish positioning re-emerging even as long-term thesis strengthens
This episode breaks down why sentiment often diverges from capital, how macro pressure fuels the $1M narrative, and why Bitcoin's role as a monetary alternative keeps expanding regardless of short-term volatility.
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