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Bitcoin News Alerts | Daily BTC Macro Signal
1841: “This Catalyst Will Trigger Bitcoin Explosion to $1,000,000”
00:36:44
The chief executive of crypto intelligence firm CryptoQuant identified one catalyst that could send Bitcoin to a $1 million price tag per BTC.
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- [00:02]
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- [00:31]
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JV
Welcome crypto fam to the number one daily Bitcoin pot. And just like that, Bitcoin is back above the coveted six figure mark, right above 100,000 at the time of the live stream. Welcome everybody. In today's show I'll be breaking down the latest technical analysis and everything you need to know in Bitcoin, including some breaking news. U.S. treasury Department releases a report calling Bitcoin digital Gold game time gentlemen. Also quoting Max Kaiser first day in Abu Dhabi. I'm reminded of the time in 2012 I declared Bitcoin was Sharia Law compliant on a talk show broadcasting from South Africa. Flash forward to now. The Muslim world is minutes away from a massive global Bitcoin FOMO and the global oil market is worth 3 trillion. Also Bukele discovers 3 trillion worth of gold in El Salvador. Thy Savior Dig up that gold.
- [01:52]
Co-Host
Trade it for the bitty game on you.
- [01:55]
JV
We'll also be discussing Bitcoin Choppiness index hints at 110,000 next likely target as well as the Czech Republic government moves to exempt crypto held for three years or longer from being taxed. Zero capital gains tax for the three year Hodlers. Bring it. Also Coffee Zilla calls out the insane headlines about the Hawk tua mem coin extravaganza. We'll also be discussing medical tech firm similar scientific adds 303 more Bitcoin to their corporate Bitcoin treasury holdings as well as one catalyst which will trigger a Bitcoin explosion to a million dollars per coin as per crypto Quant CEO. We'll also be taking a look at.
- [02:35]
Co-Host
The overall crypto market.
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JV
All this plus so much more Family right here on Sat Stack and Saturday in today's show. Yo, what's good Crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonews alerts.net again that's crypto news alerts.net today is pod episode 1841. I'm your fearless host, JV. Today is December 7, 2024. Bitcoin is in the red but it's.
- [03:11]
Co-Host
Above a hundred thousand.
- [03:12]
JV
I don't mind bitcoin in the red at above 100,000.
- [03:16]
Co-Host
Let's send that mofo to 200k shall we ladies and gents.
- [03:20]
JV
But anyways, let's kick off the show what our market watches we do each and every day here on coin360. You can see Bitcoin pulling back but still above 100,000. 300. We have XRP in the green up 6% trading at $2.52. We got Ether reach recently broke above.
- [03:36]
Co-Host
4,000 for the first time in a very long time. Doge is up 5%. Pepe is up like 11%. And BNB barely in the green. And checking out coinmarketcap. You can see the 100k celebration. Let's go. We're currently sitting at 3.69 trillion market cap amongst the highest we have seen it marching towards 400 trillion. The Bitcoin market cap is on the cusp of reclaiming 2 trillion which is the current all time high we recently achieved as well when we hit the 104 all time high three days ago.
- [04:06]
JV
And as far as Bitcoin dominance, 53.8%. Checking out top 100 crypto gainers past 24 hours. The infamous Pepe leading the pack up 19%, virtually trading at nothing. We have Bitget token up 16%, trading at $278. And Floki, it's like Memecoin City here. Up 12% followed by whiff, Peanut, the Squirrel, etc if you're bullish on any of these alts, holl at your boy and let me know which ones. And checking out the crypto bubbles, we get a visual perspective on the daily and then we'll zoom it out for the monthly and shout out to fruits and veggies. He just joined the HLE gang. We greatly appreciate the support, especially all of our members of the channel. And as you can see, the majority of the market currently in correction mode with some maybe a handful of gainers you can see on your screen. And zooming out on the monthly, virtually everything in the green. I mean, for Christ's sake, Peanut, the squirrel is up 1346% XRP 354% Algo 317% HBAR 559% XLM 386% the sandbox 246%. In Cardano 200%. Multiple 100% gainers. And checking out the crypto greed and fear index, today we're 75 in greed. I believe it's one number above. We'll be. We'll be back in extreme greed before you know it. Yesterday was a 72, last week in.
- [05:26]
Co-Host
84, and last month at 77.
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JV
And checking out the time chain calendar, ladies and gents, we have. We're currently. What is that? 176,000 blocks away from the next having in 2028. And we're currently on block 873, 676. And you concurrently receive 997 SATs per dollar. So we're less than a thousand sats per dollar. You may never be able to receive a thousand or more sats per dollar ever again. This number is just going to continue to dwindle as the dollar continues to hyperinflate against.
- [06:01]
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- [06:07]
Co-Host
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JV
One of the rarest. The last one I needed for my set.
- [06:11]
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JV
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- [06:27]
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Whatever you love, find it on eBay. EBay. Things people love the bitty.
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Co-Host
Let's go.
- [06:33]
JV
But anyways, let's dive right into today's technical analysis, AKA astrology for the Broskis, shall we?
- [06:40]
Co-Host
Headline reads, bitcoin rally to continue until.
- [06:42]
JV
The end of 2025. Could you imagine one more entire year of pure bullishness? I sure can. Bitcoin hit the historic 100,000 milestone yet again here today.
- [06:55]
Co-Host
Bitcoin surpassed 100 for the first time on December 6th. I think that's off. We actually passed 103 days ago. Because we captured it.
- [07:03]
JV
It was December 4th.
- [07:04]
Co-Host
How inaccurate are these articles? I read Coin Telegraph. Please step up your game. But I digress.
- [07:10]
JV
The historic peak comes despite sluggish performance across the other major global assets.
- [07:15]
Co-Host
And over the past month, the bitcoin price surged 32%, while oil dropped 6%. The S&P fell 1% and gold declined 1%. Take that Peter Schiff Meister Bitcoin's rally against other global assets is a promising signal for Bitcoin investors, bolstering analysts expectations that the current bull ral last until the end of 2025. The euphoria stage is amongst us fam. Bitcoin has entered a euphoria stage based on the long term Hodler net unrealized profit loss metric. This could extend Bitcoin's rally until the end of 2025. According to Quinton quoting them here, Bitcoin is entering the euphoria stage. You have a maximum of 12 months before the cycle top. Bada boom, bada bing. Now this metric is used to measure whether the overall Bitcoin metric is at a state of profit or loss based on the difference between the unrealized profit and the unre realized loss amongst the Bitcoin Hodlers. Another promising sign for the Bitcoin trajectory is the all time high which came despite a backdrop of the global liquidity. Quoting analyst James CES from Real Vision, Bitcoin has hit new all time highs in the face of a deteriorating liquidity backdrop. If conditions worsen, the rally, while euphoric, can only last for a limited time. If conditions ease from here, then a pullback is warranted. But then off we go again. Same old is dog. Just another day. A potential bottom in the global M2 liquid. An estimate of all the cash for the short term bank deposits also suggests that Bitcoin makes send the rally in the short term before the potential correction. Let me know your thoughts. And based on the correlation with the liquidity index, Bitcoin is set for a local top above 110,000 which we'll be diving diving in deeper into a little later. And that's according to Rao, founder of Global Macro Investor. And some breaking news and this is a big one. I saw this all over X this morning the United States Treasury Department releases a report calling Bitcoin digital gold. Quoting the report here, primary use case for Bitcoin seems to be a store value AKA digital gold. In a decentralized finance world, speculative interest seems to have played a prominent role in the growth of digital tokens thus far.
- [09:26]
JV
And Max Kaiser shared this. He's in Abu Dhabi right now. He's speaking at that big event this week. But he wrote first day in Abu Dhabi. I'm reminded of the time in 2012 I declared Bitcoin was Sharia law compliant on a talk show broadcasting from South Africa. No rea arba same as Gold Flash forward to now. The Muslim world is minutes away from massive global bitcoin. FOMO like a mofo. As the global oil market is worth $3 trillion. We may get a big announcement from this event here this weekend. So all ears and eyes glued to Max here. So hoping for some big breaking revolutionary news from the Middle east. That Saudi money all flowing into the bitty global hash wars in full effect family. And let's pull up some of the live charts. We'll do a little live chart action Jackson for the Broskis. Of course we always do the ta. So here we go. Looking at some of the live charts. And again, welcome brethren just joining the live stream. We're currently sitting just above 100,300. Any day above 100k is a beautiful day. Gary Gensler.
- [10:31]
Co-Host
Didn't he have to wears toupee?
- [10:33]
JV
I had to say it was a good day. We're looking at a one minute chart. Let's get some perspective, shall we? We'll zoom out to the one hour. This is live and in the flesh via Trading View via Coinbase, the largest exchange here in the States. You can see we're starting to march back north, which I like to see. Again, that's the one hour chart. No particular targets. If we get a particular target, I'll read it out loud for you. Checking out the four hour, which past couple of days we had a target of 110. Today the target on the 4 hour, 108. My correction, I think that it was 108 yesterday. Same today. We do have a bullish pennant formation. Looking very bullish on the four hour chart. As you can see as we're inching closer and higher and higher to price discovery. Zooming out on the daily chart. As you can see here, big green candle for yesterday forming another green candle here today. As we continue marching north, zooming out from the daily, take a quick look at the weekly and we'll be able to see that cup and handle target still in play. As you can see on your screen. Look how much bullish momentum we've had in the weekly chart.
- [11:32]
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- [11:45]
Co-Host
McCain.
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- [11:53]
Co-Host
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- [11:59]
JV
Your business@surecrisp.com delivery 1, 2, 3, 4, 5, 6. Five of the six most recent candles were green. Weekly candle closes and just this week we had the highest weekly candle close of all time. The highest monthly candle close, you know, I mean for the month of Noonvember. And we're still in the bull. We're still in the thick of it. December here in Q4 and zooming out from the weekly, we'll check out the monthly take quick look here, monthly chart. Also a lot of bullish momentum. One of the biggest, if not the biggest I believe candle close as far as fiat value is concerned. We jumped roughly $30,000 in the month of Moonvember. And here we are in December, continuing the pump where we left off. So there you have it yo. Bitcoin choppiness index hints at 110k in.
- [12:51]
Co-Host
Play, but it may be tough to crack. I disagree.
- [12:55]
JV
I think it'll crack it effortlessly. But hey, what do I know. Bitcoin hitting new all time highs near 104 this week. No, precisely 104 on Coinbase. We witnessed it live and in the flesh here on the stream on the FL 4th. With liquidations nearing 1 billion in 24 hours, traders received the classic reminder of.
- [13:11]
Co-Host
Just how volatile the crypto markets can be. Can you save re city?
- [13:15]
JV
Be careful trading with leverage.
- [13:18]
Co-Host
I know it's very tempting of course, but be careful out there.
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JV
A lot of y'all getting wrecked.
- [13:22]
Co-Host
Crypto quant now sees a different short term price. Boring Bitcoin price action. Nothing boring about six figures, but I digress. Quoting them here, the 14 Day Choppiness Index is in an early zone showing corrective moves during the consolidation. This choppiness index demonstrates the bitcoin is now embarking on a cooling off period after the flash volatility. Well, one thing common sense, we did climb roughly $30,000 in the past month. That's pretty impressive. I think it's the highest fiat gain.
- [13:52]
JV
We'Ve ever had in a month in.
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Co-Host
A 30 day period. So naturally it makes sense to cool off. But you just never know when you're in price discovery. That's the reality, Jack. Now this metric uses a scale of 0 to 100 with the higher values indicating choppier market conditions. The low value conversely points to the trending market up and down. Crossing the 60 level from below. The 30 level from above represents events of interest. Traders are eyeing the potential switch from choppy to trending. Vice versa as well. Daily CI measured 56.7 at this time per data shared by Trading View after hitting the highest level since mid August. Quoting the analysts here, one thing to take into account is the time factor of the consolidation. In the 2020, 2021 cycles there were 20 days of downtime. And in the consolidation since March, the average decline was 20 days. The greater the consolidation, the greater the rise. Yeah, damn right.
- [14:50]
JV
Now check this out. What? A longer consolidation period should result in a more violent return for the trend. For the short term, the bitcoin bulls may see frustratingly slow progress on price discovery and considering likely price targets. Once this happens, the persevere.
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Co-Host
How do I say this word?
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JV
Per civil. Per civil use both. And that's the metric we've been discussing.
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Co-Host
Market psychology and the profitability of speculative traders as a guide.
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JV
Now specifically the short term Hodlers, entities holding coins for up to 155 days start to see profit landmarks at 110G's to 120. These levels broadly correspond to the standard deviations on the indicator measuring their aggregate realized price. Quoting them again, looking at the realized price of the short term Hodlers, we can market possible levels of strong resistance that we will encounter. The first level will be 110 to.
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Co-Host
+ 1.5 SD, a considerable profit zone.
- [15:44]
JV
For the short term Hodlers. As traders connect to the psychological numbers. 120,000 has a very impactful psychological and emotional charge. That's just hilarious. And being a value within 2 SD makes this floor deeper Consolidation camp. This is why I consider this all astrology for the Broskis. I mean, of course there's a psychological emotional impact at 120, but who's to say we don't have that same emotional psychological impact at 100 or 110 or 130 or 140 or 150. Maybe because it's just an even number. But I. I digress. Broski, as you see the point, it's all astrology at the end of the day.
- [16:23]
Co-Host
But hey, even astrology has a lot of truth to it.
- [16:26]
JV
You read the stars?
- [16:27]
Co-Host
Nostradamus was a master.
- [16:29]
JV
Yeah, I mean we have Edgar Cayce, the sleeping the sleep and prophet.
- [16:34]
Co-Host
He can just go to sleep, astral travel, access the akashic records and predict the future.
- [16:40]
JV
Phenomenal.
- [16:41]
Co-Host
But not many of us can do that. I remember Ms. Cleo as a child with the fake Jamaican accent in the infomercials. Scamming just like the hock to a girl rug pull. Bada boom, bada bing. Unacceptable. But this is the life we live. This is why we stack the biddy.
- [16:58]
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- [17:29]
JV
May apply Elected a new chairman of.
- [17:31]
Co-Host
The SEC and you're looking at them.
- [17:32]
JV
So yeah, the Czech government moves to exempt crypto held for three plus years from being taxed. I pray Trump does something similar that would change the game here in the states in my opinion. But anyways, all eyes on the Czech Republic who reported the country is moving to pass legislation allowing residents to bypass taxes on selling their crypto after holding it for more than three years. In a new post they said they measure backed by the Chamber of Deputies member, they would guarantee that if you hold crypto for more than three years, any sale would be exempt from capital gains tax. I think this is brilliant because it trains you to hodl which is what.
- [18:10]
Co-Host
We all want at the end of the day. Hle be thy name.
- [18:12]
JV
In addition, taxpayers would not be required.
- [18:14]
Co-Host
To report the transactions valued at less.
- [18:17]
JV
Than 100000 Karuna, which is roughly 4200 USD.
- [18:21]
Co-Host
That's epic as well.
- [18:23]
JV
I'm all for that.
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Co-Host
This means that for example, buying coffee with Bitcoin will no longer be a tax transaction.
- [18:28]
JV
And guess what? It should not be. And in my opinion it won't be in the future because it's in my opinion. But anyways. Czech lawmaker said that the Chamber of Deputies had approved the time and value conditions for the law. After the December 6 reading and the press conference after the parliamentary session, the spokesperson said that the tax amendments were intended to be implemented as part of the Europe's market and crypto assets for the regulatory framework. And today we have taken an important step so that crypto businesses in the Czech Republic can function and continue to develop.
- [19:00]
Co-Host
Amen.
- [19:00]
JV
And in many countries, trading or selling one's crypto requires the user to report.
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Co-Host
The transactions to the local tax authorities, often incurring a capital gains tax.
- [19:08]
JV
For example, in the us, depending upon the crypto user's income, that tax could.
- [19:12]
Co-Host
Be between 15 and 20%. Really depends upon the state in which.
- [19:16]
JV
You live at now.
- [19:17]
Co-Host
Italy's government had been planning to increase.
- [19:20]
JV
The capital gains tax on crypto.
- [19:22]
Co-Host
Boo. And I'm Italian. It just makes me feel bad for my Italian brethren. Unacceptable. What's going on in Italy who the hell wants that 42%? Hell no. Everyone's just going to move to the Czech Republic or to Puerto Rico or to bitcoin country in El Salvador. Unacceptable. Italy, I do not condone this raising of the taxes. If anything eliminate the taxes or keep the taxes the same but to up them is just like spitting in all your residents faces and you're ultimately stifling innovation. All the crypto bros in Italy are going to come join JV in Puerto Rico. That's just what you're going to do anyways. I just hope Trump does something similar for taxes. I've heard the rumors. We haven't heard it come out of Trump's mouth. But if they made the United States of America.
- [20:15]
JV
Virtually the bitcoin mecca as Trump says, they want to make the United States the bitcoin mining capital of the world. Well if they can make zero capital gain stacks like Bukele announced the bitcoin country.
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Co-Host
Holy moly.
- [20:31]
JV
Think about all the people who will embrace bitcoin in the United States. Be a game changer. Everyone needs to know what's going on with the Hoktua. So yeah, Coffeezilla calls out the insane headline headlines about the Hawk to a meme coin. Let me know if you guys watched it. The same day Bitcoin hit the 104 current all time high they had this launch which allegedly went to a half a billion dollar market cap. Then within 20 minutes the developers rugged it and a lot of people lost a lot of money unfortunately. But Here you go. YouTube investigator Coffee Zilla. Let me know if you guys follow Coffee.
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Co-Host
He's entertaining.
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JV
I like him. He fun to watch. His videos has called for the end of the spread of misleading headlines about Haley Welch, also known as the Hawk to a girl following the controversial launch of her meme coin Hawk.
- [21:18]
Co-Host
He says can y'all stop these insane headlines? She didn't rug for 500 million, she didn't profit 50 million. So let's actually break down what she did get paid because it's all public knowledge. Her lawyer or whoever responded to Coffee's questions. And I know that because I got some updates from Coffee when I was like analyzing all this. But nonetheless, Coffee claimed the team behind the meme coin pre sold a few million to strategic advisors who allegedly sold early before the tokens got sniped. It comes after the December 5 launch of her meme coin sparking outrage across social media as the newly launched token briefly pumped and dumped. Go figure. What did I say? There has never been a successful celebrity Meme coin launch.
- [22:02]
JV
They all get rug pulled because the celebrity is not a genius who is in crypto.
- [22:07]
Co-Host
It's just a celebrity with an audience.
- [22:09]
JV
And then the scammers connect and do all the whatever the entire project huck to. A girl knows nothing about crypto. She's 22 and got famous for spitting on a penis. Or let me correct that for talking about obviously. But I digress. Here's what Coffee wrote. Can y'all stop these insane headlines? She didn't rug for 500 million. She didn't profit 50 million. The team pre sold a few million to strategic investors. So ultimately, what happened?
- [22:39]
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- [23:07]
JV
The developers profited a few million and she allegedly got paid just above $100,000, according to her own lawyer. 125,000. As pointed out right there, that's not.
- [23:18]
Co-Host
A lot of money.
- [23:18]
JV
So she probably got scammed too, by these stupid developers. But she was stupid enough to trust them because you don't know what you don't know. That's crypto for you, bro. He said it's currently unknown where all the profits from the transaction fee. And isn't it just sad? She sold out her audience who lost millions for 125,000. The scammers made the millions.
- [23:37]
Co-Host
She only made 125,000 and allegedly supposed.
- [23:39]
JV
To get 50% of the profit, but who knows? I highly doubt she even receives that because it's just shady from the get go. So yeah, she isn't being sued yet, but we all know lawsuits will come into play. As with all the celebrity meme coins, the same thing.
- [23:54]
Co-Host
Not new under the sun.
- [23:55]
JV
So it comes.
- [23:56]
Co-Host
As United States law firm firm Berwick.
- [23:58]
JV
Law said on the December 5, victims.
- [24:00]
Co-Host
Of the law should contract the law.
- [24:01]
JV
Firm for their legal rights. Here's my insights.
- [24:05]
Co-Host
If you were.
- [24:06]
JV
And excuse my French.
- [24:08]
Co-Host
I mean, I'm old school and when I grew up, the worded was like commonly used.
- [24:12]
JV
I know it's like not politically correct anymore, but I'm old school and I don't like being censored, so I still use the word.
- [24:19]
Co-Host
So yeah, I mean, if it offends you, my apologies. Every once in a while, someone be like jv.
- [24:23]
JV
You can't use that word. It's insulting to and I understand that logic as well. But I'm not making fun of them.
- [24:29]
Co-Host
I'm making fun of the idea.
- [24:30]
JV
If you were stupid enough to invest.
- [24:33]
Co-Host
Your life savings into a meme coin.
- [24:36]
JV
By a woman who just got her fame a few months ago from a interview where she.
- [24:46]
Co-Host
Talking about fellatio, you kind of deserve it. You, I mean because you probably only.
- [24:52]
JV
Joined to get rich quick.
- [24:54]
Co-Host
You probably figured well if I put this money or crypto into this, maybe I can two, three, four, five talk to a hundred x that thing right? So greed. You got rug pulled because of greed.
- [25:08]
JV
So you, you pretty much deserved it. But nonetheless it's sad. And that's what plagues crypto and gives.
- [25:14]
Co-Host
Crypto a bad name.
- [25:16]
JV
It's just the reality. Pump, pump it up. We got two more stories first and we'll also do some live Q and A next story of the day. Medical tech firm similar scientific as 303 bitcoin to its corporate Bitcoin treasury. That's right. Medical tech and software company Similar Scientific continues to stash up the bitties since copying Micro Strategies Bitcoin treasury strategy. We call it the sailor put round here. Semler Scientific chairman and founder Eric Semmler says the California base firm just bought an additional 303bitties for the crypto trove. The development comes as Semler Scientific see significant gains in its Bitcoin yield, a metric the company uses to track the success of its Bitcoin strategy. Quoting them here, Semler Scientific has acquired 303 Bitcoin for 29.3 million at 96,779 per bitty and has generated a Bitcoin yield of 54.7% quarter to date and.
- [26:11]
Co-Host
78.7% since adopting our Bitcoin treasury strategy back in May. Semmler says that it bought Bitcoin using.
- [26:18]
JV
The proceeds from the sale of its.
- [26:19]
Co-Host
Its shares in its at the market.
- [26:21]
JV
Offering with recent purchase the company now.
- [26:24]
Co-Host
Holds 1873 of the bitty which was bought for 147 million at 78,500 per bitcoin. Bitcoin's currently trading now above $100,000. The current all time high we achieved three days ago. We captured it live on stream sitting at 104 which is currently price discovery and hopefully bros we can break above it here today on Sat Sack and SA Saturday. Meanwhile, Micro Strategy is still the largest corporate hodler of the bitty, currently holding now over 402100 bitcoin bought at an average price of 58, $263. MicroStrategy's bitcoin stash now represents almost 2% of the total bitcoin supply. I know their personal goal of Michael Sailor is to get 5% of the circulating supply, which would be mean roughly 1 million bitcoin on the balance sheet.
- [27:14]
JV
Now for our feature story of the day.
- [27:16]
Co-Host
This one catalyst could trigger Bitcoin explosion to 1 million per coin according to the crypto quant CEO. So let's break this down. We'll start with the tweet right here. By the time Bitcoin hits 1 million, its market cap will surpass gold. And I believe right now it's here it says actually 17.8 trillion. So in 2024, before the gold D tests were approved, gold's market cap was only 1 trillion trillion. Let that sink in today at 17.8 trillion. So if we assume gold's intrinsic value as a precious metal is 1 trillion, then around 16.8 trillion represents its demand as a safe haven asset and as a hedge against inflation. Bitcoin's current market cap is just shy of 2 trillion. It can go up 750% if gold demand shifts to the bitty. And considering the inflation Bitcoin reaching 1 million.
- [28:05]
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- [28:37]
Co-Host
The question is when. It's about when people will start discussing the gold flipping within five years. So my question for the fam when do you think the bitcoin market cap will flip gold?
- [28:49]
JV
And do you agree bitcoin will be above a million dollars per coin by the time that happens? I agree with that sentiment. 100. So let's dive a little deeper into this. Here you go. The chief executive of the crypto intelligence firm Crypto Quant is identifying the one catalyst that will send Bitcoin to a million price tag. That doesn't even factor in the strategic.
- [29:09]
Co-Host
Bitcoin reserve for the United States of.
- [29:11]
JV
America and the pension funds. The state adoption nation state adoption. You. I mean bitcoin country over in El Salvador. That doesn't Factor in the oil money.
- [29:20]
Co-Host
The Saudis, Saudi Arabia, Abu Dhabi and the rest of the world. You already know family.
- [29:25]
JV
So anyways, he says that by the time bitcoin reaches a million, it'll have overtaken gold. I agree with that. And according to the analysts, the king crypto reaching nine figures is inevitable as investor demand shifts from gold to the bitcoin. Now obviously we just hit six figures. We're at six figures right now at the time of the live stream. Seven figures is a 10x and then another 10x is eight figures, another 10x. We got nine figures before you know it.
- [29:50]
Co-Host
Well, 10x to 10 figures, let's go.
- [29:53]
JV
So quoting them here in 2004 before.
- [29:56]
Co-Host
The gold details were approved, the gold.
- [29:57]
JV
Market cap, a simple 1 trillion.
- [29:59]
Co-Host
Today it's close to 18 trillion.
- [30:01]
JV
So again, assuming gold's intrinsic values of precious metals, just 1 trillion, then at around 17 trillion it represents the demand as a safe haven and as a hedge against inflation. And I shared big breaking news with you earlier in the show.
- [30:14]
Co-Host
This is official.
- [30:15]
JV
The United States Treasury Department released the report calling bitcoin digital gold.
- [30:21]
Co-Host
It's official. So now you got nation state adoption, you got the leader of the free world embracing the bitty. Game on, gentlemen. That's all I'm gonna say.
- [30:30]
JV
Continuing with his quote, Bitcoin's current market.
- [30:32]
Co-Host
Cap is 2 trillion if it can go up 750 if gold demand shifts into the bitty. And shout out to the Oracle, always appreciate gifted memberships on the stream.
- [30:42]
JV
Congratulations, duality crypto.
- [30:43]
Co-Host
You've just been hooked up with the micro strategy membership of the channel. On behalf of the Oracle, considering inflation, Bitcoin reaching 1 million, isn't it about if it'll happen? It's about when people will start discussing the goal flipping in within five years. We're discussing it right now. He also goes on to note that a bitcoin has yet debt to form a bubble despite reaching the hundred thousand milestone for the first time. Quoting them again, fresh capital is fueling the biddy. As the realized cap grew, the ceiling price increased from 129 to 146, 000 in 30 days. And at 102 it is far from a bubble. It would need a 43 surge to hit the threshold often considered a bubble. So there you go. Yo, let me know your thoughts with the crypto quant CEO. When do you think we'll likely hit the million target? Do you think we will flip gold by then?
- [31:27]
JV
And what are your thoughts on the United States of America adopting a strategic Bitcoin reserve, which is the big talk here in the markets. And what do you think about Middle Eastern countries such as Abu Dhabi etc adopting bitcoin? Right now, Max Kaiser is speaking at the big event out there in the Middle east and he said be prepared for a big announcement. So we'll be watching. And there you have it. Welcome everyone to the Q A segment of the live stream. And there you have it. The Oracle just gifted another membership. This gong strike is for you. And congratulations, dark memes. You've just been hooked up with the micro strategy membership of the channel jc. Please pick up your phone. And just like that, we just converted today's pod into a pump.
- [32:22]
Co-Host
Watch.
- [32:22]
JV
How do you like that? We call that bitcoin alchemy Family. Welcome everyone to the live Stream. We got 2400 people here. We got the Nip Anator in the.
- [32:31]
Co-Host
Building, new chairman of the SEC.
- [32:33]
JV
We're pumping every day.
- [32:35]
Co-Host
Pumping above 100 GS is a beautiful thing.
- [32:38]
JV
And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you you on tomorrow's episode.
- [32:48]
Co-Host
Hoddle.