← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
1843: “The US Selling Gold to Aquire Bitcoin Will Send BTC to $2.2 Million”
00:32:06
MicroStrategy co-founder Michael Saylor says the US should offload all its gold and accumulate Bitcoin (BTC) as part of a new strategy to cement the country’s global financial dominance which Max Keiser says will send the Bitcoin price to $2,200,000 per coin.
Loading summary
Transcript1 lines
- [00:02]
JVIs
This episode is brought to you by Global X. Since 2008, Global X ETFs has been committed to empowering investors with unexplored intelligence solutions. Global X specializes in exchange traded funds that offer exposure to the artificial intelligence ecosystem, including themes like data centers, robotics, semiconductors and cloud computing. To learn more about Global X's entire suite of ETFs from covered calls, fixed income, emerging markets and more, Visit Global X ETFs. More Chumba Casino Fan Mail Love this. It says Dear Ryan, I love Chumba Casino. They're so much fun. I love the wild ride from the social slots to the Slingo to jackpots. Quicker than a six time real spin, everybody's finding their fun at Chumba Casino. Why don't you find out for yourself? Head to chumbacasino.com and enjoy hundreds of casino style games for free with your welcome bonus. Sponsored by Chumba Casino. No purchase necessary VGW Group Void where prohibited by law 18 + terms and conditions apply. Welcome crypto fam to the number one daily Bitcoin pod. In today's show I'll be breaking down the latest Bitcoin technical analysis as well as breaking news. Binance founder CZ says the UAE already has Bitcoin in reserves and it's inevitable for Hong Kong to buy Bitcoin. We're witnessing game theory playing out. Also breaking news. Prince Philip of Serbia announced Bitcoin strategic reserves already happening behind closed doors. He announced this at the Abu Dhabi event going on right now in the Middle East. We'll also be discussing crypto ETPs hit record 3.85 billion worth of inflows as Bitcoin smashes 100 GS as well as Marathon Digital acquires another 270 million worth of Bitcoin following convertible note offering we refer to as the Sailor put. And speaking of Sailor buying the top forever, Laura Micro Strategy bags another 21,500 bitcoin at peak prices as I predicted he would announce today. Also, national center for Public Policy Research proposes a Bitcoin treasury to Amazon. Could you imagine if Amazon started accepting Bitcoin payments? Game on. We'll also be discussing the US should sell its gold and acquire Bitcoin according to Micro Strategies Michael Sailor I'll be explaining why and according to the High priest Bitcoin Max Kaiser, he says doing this will send Bitcoin parabolic to 2.2 million per coin whilst be taking a look at the overall crypto market. All this plus so much more 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 1843. I'm your host, JVIs. December 9th, 2024. Happy Monday. Fun day. Let's kick it off with our market watch as we do each and every day. As you can see right here, the entire broader crypto market correcting. And in the red we got bitty down 2%, ether down 3%. XRB down 6%. Everything's correcting. And checking out coin market cap. Let's see where we stand as far as the market cap is concerned. Currently 3.56 trillion for the total crypto market cap. Bitcoin market cap sitting at 1.93 trillion. We got 221 billion worth of volume for the past 24 hours with a bitcoin dominance at 54.4%. Ether dominance even at 13%. How high do you think the bitcoin dominance will climb for this cycle? Let me know. And checking out top 100 crypto gainers past 24 hours. We got a couple of the meme coins leading the pack. Floki and Pepe. And virtually nothing else. In the green as everything's correcting. And in the red and checking out the crypto bubbles, we get a visual perspective. Let's first look on the day we can see everything bloodbath red. And then to make us feel better, we'll we'll zoom out for the month and everything's back in the green. Many of these alts up several hundred percent. HBAR 500% DOGE 115% XLM over 300%. XRP 343%. Just massive gainers across the board for the month. And checking out crypto greed and and fear index. Today we're 78. Extreme Greed yesterday 79, last week in 80 and last month at 75. And checking out the time chain calendar, we have 173,000 blocks to go into the next having in 2028. We're currently on block 873,855. And if you don't know, approximately every 10 minutes the network gets a new block. And you could currently exchange US$1 for 1000 satoshis even ain't that wild? Exactly 1000 satoshis as far as the conversion per US monopoly dollars. So there you have it, ladies and gents. Anyways, fam, let's discuss what's happening in the market right now. Also be pulling up some of the live charts. So let's break this baby down. As the headline reads, The 5 things to watch out for in the market this week. I'll give you the breakdown. The bitcoin price dip sooner rather than later and precisely what we're witnessing. I mean we're going been down above 100,000 yesterday. It felt like a thousand times we did like one of those pump watches and it was just like or it may have even been it ended yesterday but it started the day before we did like a 14 hour stream and it's like we went back above and below 100,000 like relentless amount of times here. You're looking at the one week chart and I'll be pulling up some of the charts live here in a bit. Still unable to sustain above 101. The current all time high by the way is 104 which we achieved December 4th, which is officially Bitcoin 100k day. And quoting some of the analysts crip nuevo it, it is a possibility. The price goes up from here A breakout without from your fryer to the table It's a quick trip for crispy fries, but how about a crosstown delivery? McCain sure. Crisp fries are designed to go from fryer to container to carrier to passenger seat across town during rush hour down a shortcut that wasn't all that short to a doorstep before they hit the table. And that first bite, the crispiness speaks for itself to the last bite. McCain sure, crisp fries go the distance. See how far our fries can take your business@surecrisp.com delivery filling the 50% wick at 94 yes it is, but I do not trust that move because there's a major imbalance to the downside that needs to get filled. Referring to the CME futures gap, I take it here sitting at $94,000. Other news this week CPI comes as market C More Fed Rate cups the latest data from the CME Group Fed Watch Tool indicates the majority odds of 85% and that a quarter percent rate cut will follow. Obviously that's bullish for risk on assets like the bitty when they lower the interest rates. Quoting the Kabisi letter, all eyes on the CPI and PPI inflation data as markets Hope to solidify another 25bps rate cut. The median duration of unemployment in the US rose to 10.5 weeks in November, the longest in three years. And at the same time the average unemployment duration rose to 23.7 weeks, the highest since April of 2022. Both metrics have been now rising at the pace previously seen at the onset of the last four recessions. In other news this week China embarks on rare fiscal easing. That's right, the classic macro boost for bitcoin may yet come from China as soon as next year in 2025. Quoting Dan Tapiero right here of 10T holdings, negative real interest rates in China takes edge off the u. S inflation fears. U S dollar strengthens and the rates drop. China is about to find out that it is following a similar path as Japan. The more monetary stimulus it does, the more liquidity flows into the bonds as opposed to the risk assets. Why? Because people are skeptical that the fiscal stimulus will work. And another big news. Tomorrow's the big day. Microsoft to decide on the bitcoin strategy. Will they adopt bitcoin for their treasury? Will they accept bitcoin payments? Just do the math. Bitcoin will go absolutely parabolic if they do that. One of the largest companies on the planet and you already know Michael Saylor pitched their shareholders not once but twice. So in my mind it's already a done deal. Hopefully the announcement solidifies that tomorrow. Let me know if you guys agree or disagree. And I think the bigger picture there is a lot of the other major companies are likely to adopt bitcoin and follow suit with the sailor put or get left behind. Other breaking news, there's it will it be a choppy new year? I think looking at the historic markets personally bitcoin always follows a four year cycle and this is the year the having and it's the year preceding the having. We always go parabolic, expect more volatility but to the upside nonetheless. According to crypto Quan he says the 14 day choppiness index is an early zone showing corrective moves during the consolid. So yeah, more than likely we'll continue choppy but nonetheless we're going to chop 110, we're going to chop 120. Heck we can chop 2.2 million. Anything is possible with all eyes on the bitty. And before I pull up the live charts, here's some of the breaking news. Binance founder CZ says the uae let's go. United Arab Emirates already has bitcoin in the reserves, just hasn't announced it. Max has been telling you this for the longest time and it's inevitable for Hong Kong to buy the bitty. This is a game theory playing out. And in other news, Prince Philip of Serbia says bitcoin strategic reserves already happening behind closed doors. And couldn't agree more. This is called the global hash war. Playing out in real time. And checking out the live charts. Let's do a little live chart action. Jackson for the Broskis. As you can see here there's a one minute chart. We do have a target. Obviously we dropped. We were above a hundred thousand maybe a couple hours ago. It's crazy this volatility but Nonetheless there is a 98,500 target on the one minute chart. And we'll zoom out from here. Check out the 1 hour 1 hour chart. You can see we started to climb. We hit about a hundred thousand four hundred earlier. And then big red candle down, corrective candle to where we're currently at. So that's the one hour chart and zooming out. Check out the four hour chart. And as you can see we do have a bullish target. At least a bullish pennant still sitting at 108. So don't get it twisted, 108 still in play. We're roughly. What is that? About 10,000. Which is a God candle away from that target. And zooming out from the four hour. Take quick look at the one day. One day chart says it's going up forever Laura. Exactly. And zooming out from the daily. So obviously big corrective candle forming and checking out for the weekly good news. We just had the highest weekly close ever. It was above $100,000. So that's some good news. And we also have a target still in the weekly chart as you can see on your screen which is 124,000. And look how many green consecutive weekly candle closes we have received. Pretty lit. My dad works in B2B marketing. He came by my school for career day and said he was a big roas man. Then he told everyone how much he loved calculating his return on ad spend. My friends still laugh at me to this day. Not everyone gets B2B but with LinkedIn you'll be able to reach people who do. Get $100 credit on your next ad campaign. Go to LinkedIn.com campaign to claim your credit. That's LinkedIn.com campaign. Terms and conditions apply. LinkedIn the place to be to be. So Q4, let's frickin go next. Headline reads crypto ETPs which are exchange traded products hit record 3.85 billion worth of inflows as the bitty smashes 100 GS. That's right. Digital asset investment products are their largest inflows on record with 3.85 billion invested during the trading week of December 2nd. To the 6th. According to Coin shares, the latest crypto investment milestone came just a few weeks after crypto investment products smashed the previous record of 3.1 billion set in November when Bitcoin traded at roughly 98. Geez baby. The new high and the weekly crypto inflows coincided with a bitcoin breaking above 100,000 for the first time. I don't know why everyone's reporting December 5th. I'm pretty confident it was December 4th. We were live streaming it but they keep reporting it on the fit. Maybe because it was in the evening of the fourth. You. I mean it was like maybe 10:00pm or something at least here in Puerto Rico. Time reaching a new all time high of 104 which is the current price discovery mode coinciding with a bitcoin price hitting the new highs last week, Bitcoin investment products led to total crypto weekly inflows with two and a half billion, bringing the year to date inflows to 36 and a half billion. Enter the 36 chambers. Wu Tang. Wu Tang. Short bitcoin investors were less active last week with short bitcoin products seeing tepid inflows of 6.2 million. As you can see the flows by assets in millions of dollars brought to you by Coin shares now quoting them historically, we have seen much higher inflows after the sharp price rises, suggesting investors remain cautious on betting against the recent strong momentum. Now Ethereum, the second largest blockchain network in terms of the market cap after the bitty, also saw new records of crypto investments last week amid ether surging past 4,000 for the first time in a long time, and that was on December 6, three days ago. And according to CoinShares, Ethereum products saw 1.2 billion in weekly inflows last week, its largest inflows on record since the first ETF started trading in the United States back in July. A spike in Ethereum ETF investments came at the expense of Salana, which has seen 14 million of outflows as noted by Butterfl, adding Salana products saw their second consecutive week of outflows. Additionally, blockchain equities saw inflows of 124 million, the largest since January, driven by growing investor confidence in the improving Bitcoin minor margins. Now crypto ETFs have seen a massive year this year following the historic launch of The Bitcoin spot. ETF trading which took place January 11, was the official day it went live and on December 6, Bitcoin ETF holdings finally surpassed 1.1 million Bitcoin combined for the first time, surpassing those held by the infamous Satoshi Nakamoto. That's pretty wild. So what blackrock and the major institutions achieved this year, just this year in 2024, already surpasses that of Satoshi Nakamoto. Already surpasses that of MicroStrategy by double. MicroStrategy is buying up crazy bitcoin, but they're still in the 400,000 range. So pretty wild. And I think they're not going to slow down. Most likely they're just going to speed up as they try to control as much of the bitcoin supply as possible. Here's the latest from Marathon Digital acquiring another 270 million worth of the biddy following the convertible note offer, which we call here the sailor put. That's right. New data from market intelligence firm look on Chain reveals that bitcoin mining company Marathon accumulated hundreds of millions of dollars worth of the king crypto following the convertible note offer. In a thread on X, look on Chain finds that Marathon inquired acquired nearly 140 million worth of Bitcoin after closing the second convertible note offering. As they shared here on chain. Data shows marathon acquired another 1423 Bitcoin valid at 139 and a half million. This comes after Mera announced on December 5 the closing of its second 850 million convertible node offering primarily aimed at purchasing bitcoin and partially repurchasing existing notes due in 2026. A convertible note offering allows a firm to issue short term debt that can eventually be converted into a company's shares at a predetermined time as a means of raising funds. A day later, look on Chain says the firm bought yet another 1300 Bitcoin worth 130 million. In total. Marathon accumulated 270 million worth of the bitty in two days. That's crazy. And according to data from blockchain tracker Aram, Marathon's crypto wallet now holds 19, 19, 965 bitcoin worth 2 billion. Want to hear something really crazy, Mike? Michael Strategy, which is what I call the company now just purchased over 20,000 bitcoin in one buy. Yeah, I mean he just announced that we'll be covering that as our next story. But anyways, Marathon launch launched in 2010 under a different name as the firm hoarding patents related to the encryption. The company subsequently stepped into the world of the Bitcoin mining in 2017 and one of the largest holders. Now as far as miners are concerned, I believe they are the biggest. Let's Go. Ladies and gentlemen, here's the latest from the Gigachad doing what he does best, I mean, buying the top forever. Laura MicroStrategy bags another 21,000 and a half Bitcoin at the peak price. He's buying the top forever. Laura Microstrategy. We all know they're going to continue to buy the bitty. They just announced acquiring an additional 21,550 Bitcoin for 2.1 billion from December 2nd to the 8th at an average price of 98, 700 per biddy. The company officially announced on December 9th, which is today. And I knew this was coming because Michael Sailor's very predictive in the sense that he posted something with their earnings and it's always like the day following he, you know, flexes and announces a new buy. So it's like we saw this incoming. As of December 8, MicroStrategy held a total of 423, 650 bitty acquired for 25 billion at 60,000 per Bitcoin. That's the dollar cost average price. Micro Strategy co founder and former CEO Sailor said on a statement on X. MicroStrategy's latest purchase came at a time when bitcoin reached new all time highs, breaking above 100,000 for the first time in history Dec. 4. Despite the new highs, Micro Strategy co founder Sailor reiterated his bullish stance on the crypto and his Hodle philosophy, quoting him here from a recent news appearance he made. I'll be buying the top forever. I am confident I'll be buying the bitcoin at a million per coin, likely at around 1 billion worth of Bitcoin per day at that price. So this guy just plans on buying roughly a billion dollars worth of bitcoin every day? Every day. That's why he's the Gigachad. He says, yeah, man, I mean that's just nuts. I'll be buying the top forever. The bitcoin bull has also urged the US government to dump gold reserves and bitcoin as a hedge against inflation. That particular story we're going to dive into deeper later in the show as it's our feature story, which can send Bitcoin to 2.2 million per coin as per Max Kaiser. He believes that's what will happen as game theory and global hash wars continue. But quoting Sailor here, dump your gold. Sell all the US gold and buy Bitcoin because you can buy 5 million Bitcoin for the cost of the gold. You'll demonetize the entire gold asset class. You hear that, Peter? Shifty. And our enemies hold gold in their banks and so their assets would go to zero while our assets go to a trillion dollars. Genius move, man. Imagine that. What are your thoughts on that strategy, family? Let me know. And that's the only strategy. Next story we discuss. Michael Saylor purchased another 21000 Bitcoin. Now let's discuss Amazon and then we'll dive into United States adopting Bitcoin and selling their gold reserves and pumping Bitcoin at 2.2 million per coin. Bitcoin. Let's go. This particular headline reads national center of Public Policy Research proposes the Bitcoin treasury for Amazon. This is big fam. National center for the Public Policy Research, a Washington D.C. based think tank champion the free markets submitted a shareholder proposal to the Amazon saying the Bitcoin corporate Treasury strategy should be considered at the April 2025 shareholder meeting. And according to the proposal, the CPI used to measure inflation currently puts inflation less than 5%. We all know that's a bunch of malarkey, don't we gentlemen? It's a remarkably poor measure of true currency debasement facts. The author suggested the true inflation rate may be double the reported CPI figure. I dare say it's probably triple or quadruple and that's being modest, gentlemen. This greatly erodes Amazon's 88 billion worth of cash and short term cash equivalence, the letter said. And to protect shareholder value, Bitcoin should be used as a hedge against the risks. The national center for the Public Policy Research wrote the following. As of December 6, 2024, the price of the biddy increased by 131% over the previous year, outperforming the corporate bonds by 126% on average. And over the last five years the price of the biddy increased By 1246% outperforming corporate bonds by 1242% on average. The authors concluded by proposing that Amazon allocate at least 5% of its assets to Bitcoin to protect the value of its treasury assets. The key word at least I'm that's clearly rookie numbers. If they're smart to put at least 50% add a, you know, 10x that MOFO. You feel me citing MicroStrategy successful Bitcoin treasury strategy. That's right. They can all follow in the blueprint of Michael Sailor and the Sailor put. And again big news comes tomorrow. Microsoft shareholders supposed to decide if they're going to adopt Bitcoin. And clearly if Microsoft pulls the trigger, I think Amazon all the major companies are likely to follow suit. The question is how fast will they, you know, I mean, play ball. As the game theory global hash wars are in full effect. And I just announced, you know, previous story we discussed the United States adopting a bitcoin treasury. We're going to dive deeper into that in our next story, but I'll touch upon it right here. Sailor popularized the corporate bitcoin treasury strategy that is now gaining traction amongst companies and pension funds. According to the tracker from MicroStrategy, the company's Bitcoin holdings are currently worth over 40 billion, putting micro strategy at about 17 billion in profit. We also have Marathon digital stacking the bitty like it ain't no thing as well as the Genius Group, another AI company stacking the bitty as well. And I don't think that's going to slow down. You're going to see more massive adoption. You're going to see a supply shock. You're going to see the numbers going parabolic. Now for our feature story of the day. The United States should sell its gold and acquire bitcoin, says micro. I'm calling them now. Michael Strategy. Michael Saylor. I'll be explaining why. And Max Kaiser believes this is the most likely scenario. He's been calling global hash wars for a long time. He actually coined the term. And max is predicting 2.2 million per bitcoin. His previous prediction was 220 and he had to 10 exit because of the game theory in play right now. So let's break this baby down and then we'll dive into some live Q and A. Here we go, ladies and gents. Micro Strategy co founder Sailor says the US should offload all of its gold and accumulate bitcoin as part of the new strategy to cement the country's global financial dominance. That's right in a brand new interview on Yahoo. And it's very powerful interview. I reposted it the other day on my X account. Let me know gents if you've seen it. Sailor says bitcoin is emerging as the world reserve capital network. People are realizing the bitcoin is better than the real estate estate. It is better than the stocks. There's not a single company or real estate property that you would rather own for the long term than bitcoin and makes great point. Sailor, whose company owns the largest corporate holding a bitcoin in the world, says the US should attempt to control up to a quarter of the entire bitcoin network. So Micro Strategy as of today now controls 2% of the circulating Bitcoin supply. 2% with their new latest acquisition we announced earlier. So he's saying a quarter percent. Holy. So that'd be 25 of the Bitcoin supply in the hands of the United States government by offloading its precious metal. Because gold is eventually going to zero against the bitcoin. You already know gold is the poor man's bitcoin. If you're a poor man like Peter Schiff, of course you're going to have some exposure to the gold because you're too stupid or idiotic to purchase bitcoin even though you've been watching it go up for the past decade. You can't fix stupid. Ladies and gents, once gold is demonetized, Sailor says the other countries will be forced to acquire the bitty. Sending the money into the United States via the bitcoin network, tilting the world financial chessboard back in the favor of the United States of America. So the very simple idea is to buy 20 or 25 of the Bitcoin network on behalf of the US government. I mean, they print the money out of thin air. It's a no brainer. Catalyze the development of that world reserve capital network and then let all the Chinese and the Russians, the foreigners sell all of their assets and buy the biddy. And then the money flows directly into the US if you want to put a great twist on it, dump your gold. I repeat, dump your gold. Sell all the US Gold and buy bitcoin. Then the trade is free because you could buy 5 million bitcoin for the cost of the gold. You'll demonetize the entire gold asset class. And our enemies hold gold in their banks. I repeat, our enemies hold gold in their banks. So how do you defeat the lizard folk? Sell the goal for the bitty. Demonetize their entire net worth. Simple. Back to Sailor. So their assets would go to zero, our assets would go to $100 trillion. And we would control the world's reserve capital network as well as the world's reserve currency network. Very powerful words there from Mikey the Sailor Man. Toot, toot. And here's the tweet from. Oh man, it disappeared. I had it up here. The Max Kaiser tweet. Where are we at? But anyways, I don't have it pulled up in front of me. I don't want to waste time finding it. But I covered it in yesterday's podcast and ultimately Max Kaiser broke down why he believes the United States will go that route and demonetize the gold with their bitcoin holdings, which is a speck of. Of attack and sending bitcoin parabolic ultimately to, you know, 2.2 million per coin. Let me know if you agree or disagree with the high priest of bitcoin, Max Kaiser. I can see 2.2 million occurring. I mean it's inevitable. I'll say with 100% certainty it will happen. That's pure confidence. Why am I so confident? Because I understand bitcoin enough and I understand the US dollar enough. And I understand that your purchasing power of the dollar is mathematically guaranteed to decrease as they continue to print, print, print, print, print to the wheels fall off. And I also understand that the purchasing power of bitcoin is mathematically guaranteed to increase as they continue to print. So it's a no brainer. All I got to do is look at the US dollar chart versus the Bitcoin chart over the past 16 years and you will notice one trend dollar value going down. Bitcoin skyrocketing. Polar opposites. Save in thy biddy or forever hold thy peace. As simple as that. So there you have it gentlemen. Let me know if you guys agree, disagree 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 on tomorrow's episode Hoddle.