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1846: Max Keiser Raises Bitcoin Price Target to $2.2 Million THIS Cycle
00:34:38
Bitcoin maxi and El Salvador’s Bitcoin Advisor Max Keiser has raised his target for BTC by tenfold from $220K to $2.2 Million following MicroStrategy co-founder Michael Saylor’s gold rug pull strategy.
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- [00:02]
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- [00:28]
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JV
And there it was, that hologram trading card. One of the rarest. The last one I needed for my set.
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JV
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JV
Welcome crypto fam, to the number one daily Bitcoin pod. Bitcoin recaptured 102,000 here this morning. With all time high price discovery in play, let's see if we can achieve it during today's live stream. In today's show, I'll be breaking down the latest bitcoin technical analysis and breaking news. Texas state representative officially files for the strategic bitcoin reserve for the state of Texas. Let's freaking go. Also, President elect Trump says we'll be doing something great with crypto. Ironic, he was just with Jim Kramer at the opening stock exchange. Striking the bell, hitting the gong. Just like jv. We'll also be discussing America won the space race. Now America must win the bitcoin race according to Senator Cynthia Lummis. We'll also be discussing bitcoin ETF ads are spotted on China's Alipay payment app. Global hash wars. Let's go. We'll also be discussing micro strategies. Michael Sailor says bitcoin creator Satoshi gave us a game we can all win while getting wealthy. Amen. Also, Eric Trump says only a matter of time before crypto leaps ahead of antiquated banking system. He also predicts bitcoin to reach a million dollars with his father Trump in office. We'll also be discussing CZ unveils a simple plan for Amazon to acquire bitcoin after shareholders push for bitcoin exposure. We'll also be discussing El Salvador Bitcoin advisor Bitcoin OG Max Kaiser raises his Bitcoin price target from 220,000 this cycle to 2.2 million per coin. I'll be sharing why. We'll also 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 crypton news alerts.net Again, that's crypto news alerts.net without further ado, if you're new to the channel, important to smash the likes and subscribe. Half the viewers are not subscribed. What are you doing? Then hit the bell icon. Turn on all notifications. Today is Pod episode number 1856. I'm your host, JV. It's December 12, 2024 and pretty little bitty going up. As you can see, the price action is a beautiful site, all time highs in play. Price discovery is currently sitting just at 104 even via Coinbase. So let's kick it off with our market watches. We do each and every day, seven days a week, 365 days out of the year. Everything in the green. I'm digging it. We have ether in the green about to retest 4000 XRP, Salana, Tron, AX, Cardano, virtually everything. And checking out coinmarketcap.com the current crypto market cap is currently $3.66 trillion. The Bitcoin market cap is back above 2 trillion. Can I get a gong strike for that, JV? Absolutely. Wow, almost missed it. I gotta remember the stick on this gong is double the size as the other one. But nonetheless, I'll figure it out. So yeah, the bitcoin market cap is at an all time high. We love to see that. And checking out the top 100 crypto gainers of the past 24 hours. We got a Leo, Dow, chain link and Avax. Let me know which alts you're most bullish on. For the bull. Holl at your boy. And checking out the crypto bubbles, we get a visual perspective on the day. I think everything's going to be in the green. Virtually everything, maybe 95% of the market. And zoom it out on the month. Massive gainers across the board. We've been having a hell of a Trump pump. And checking out the crypto greed and fear index. We're finally back in Extreme greed rated in 83 yesterday, 74, last week at 84 and last month in 80. And checking out the time chain calendar, I know it's going to be less than a thousand sats. Per dollar. Just you watch. We're currently on block 175,000. I'm sorry, 175,000 blocks to go into the next having. We're on block 874,000 and you can only get now 979 sats per dollar. You may never see more than a thousand sats per dollar ever again. So take that into consideration and stack them sats accordingly. Let's break this baby down. Headline here reads Bitcoin 15% futures basis. Insane as Bitcoin price sees record daily close. That's right yo. Bitcoin saw its highest daily close in history. December 11th again. 11 is a divine number. I got. You gotta know that at six figure bitcoin price price action came with a bang bang bang like the B52. So as you can see, bit stamp matched the close from December 8th to become the highest ever recorded. With the bulls pulling away from the local lows of 94. How short was that? Correction, it was like 24 hours. We went from 94, now we're back at 102. It's crazy. The crucial level is still defined on the bitcoin trader.
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JV
Maau Vand Pop summarizing his latest analysis. If the markets stay above that area, it is likely we'll see new all time highs in the coming days. I propose today. Today is a hell of a day. We're 2% away for Christ's sake. All hail Satosh. And quoting Charles Edwards of Capriole Investments. Bitcoin quietly just had the highest daily close ever. Meanwhile, funding rates are below normal, leverage still wiped and ETFs are seeing day after day of relentless inflows. Also we have the shortest or the lowest amount of bitcoin available on the exchanges supply shock income and gentlemen. Edwards referred to the cleansing of the leveraged positions that resulted from the snap market volatility this weekend. Last Shorts felt the heat on the rebound with a combined 24 hour crypto liquidations at 270 million million per data from Coin Glass. Now Bitcoin futures speculation noticeably absent. Despite Bitcoin circling all time highs, the analyst noted its futures basis remain unusually low. Quoting him here, I cannot explain to you how absolutely insane this image is. The future basis refers to the difference in price between the spot and the futures market pricing, measuring the percentage of the spot. In bitcoin bull markets where the all time highs occur, the basis can reach 30% or more reflecting increased speculation over the bitty price growth to come. So there you go. Now for the big news. This was the biggest news of the day. Texas State Rep. Giovani shout out to my paisano here officially files for a strategic bitcoin reserve for the state of Texas. Can you say mass adoption? Can you say game theory in full effect not only at a nation level but also at the state level. The race is on. It's pretty wild. And also Trump was with everyone's least favorite person on tv, Jim Kramer this morning at the New York Stock Exchange. I believe he was striking the bell. Trying to be like JV striking the gong but very bullish on crypto. He says we'll be doing something great with crypto that's very bullish for the United States Strategic bitcoin reserve. And quoting Senator Lummis, America won the space race. Now America must win the bitty race. Amen. And pulling up some of the live charts. We'll do a little live chart action. Jackson live in the flesh. You're looking at the coinbase chart via trading view. There's a one hour chart. Look at that rising wedgie. You got to respect the rising wedgie. You got to dig it. And zooming out from the one hour take quick look at a four hour. Eh. Four hour chart shows us. Let's see if we got any targets here. We do a rising wedgie on the four hour as well. We do have a target of 18,145 in play. It's a bullish pennant senate. And zooming out from there. We'll check out the daily daily chart shows us big green candle Foreman. Yesterday was a big green candle and we're basically this is where we left off yesterday. We tapped 102 is the high and right now we're 1016 and again we already above 102 a little earlier today. And zooming out from the daily you can see the weekly about to pull up. We did just have the highest weekly close in bitcoin history on Sunday and I think this Sunday we'll get another highest ever weekly close as we continue here in the bull. We do have a target in your screen which you can see sitting a cup and handle sitting at 124. And look at all the bullish momentum on the weekly closes. How many consecutive greens can you see? Let me know in that live and zooming out. We'll check out the monthly really quick. We had a hell of a moonvember. I believe it was the highest fiat increase in the history of bitcoin. We went up roughly 30,000. So that's what a 30,000 monthly candle looks like. And then you can see the new cand candle forming for the month of December. Let me know where you feel we'll end up before the end of the year. Holla at your boy. Let's continue with the news family. Welcome everyone. Just joining us. Lots in the headlines today. This is a pretty big deal. You know China, one of the largest nations on the planet. Can someone let me know is do they have the largest population or is it India? I know those are probably the top two, but nonetheless Bitcoin ETF ads have been spotted on China's Alipay payment app. That's what's up. Alipay, China's largest payment platform with more than a billion users, Good Lord reportedly featured bitcoin and crypto related ads for users in the mainland China and many mainland Chinese users saw promotional ads related to the spot Bitcoin ETFs on their Alipay homepages, local news agency reported December 12 today. The advertisement promoted crypto investing saying Global Investment Crypto Assoren 10 UN minimum investment get on board now. The ad referred users to the Hua Bao Overseas Tech, which reportedly has indirect exposure to coinbase stock in arc 21 bitcoin ETF now $140 daily purchase limit why so tiny? Colin Wu, the prominent local market observer, said that mainland China users are currently limited to purchasing a maximum of 1000 Chinese UN, which is 137usd of the fund shares daily. The minimum investment is 10un, which is only $1.40.
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- [11:41]
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JV
Can someone run the math? What's 137 times 30, 30 days in a month? I think that'd be over 3,000, maybe 3, 300 so that means that's the max a regular investor could spend through that. Now it indirectly invested in Coinbase Stock and Arc Spot Bitcoin ETF by investing in Wood Sisters Fund. In addition, HUAW Tech and many similar qdis advertise Crypto and Alipay well, there you have it. Now the first reports of Alipay featuring crypto related ads surfaced Dec. 11 yesterday with local blockchain outlet chain Catcher breaking the news. Citing community reports, some users confirmed they had seen the crypto ads on Alipay, predicting that the next step is to buy the Bitty directly with Alipay. And that's pretty much what Elon's trying to do with X, trying to make it the largest payment platform. If you haven't figured that out. Trying to copy the China now approached Alipay and Woo for a comment regarding the crypto ads, but didn't receive a response. But according to Yifan He, CEO of major Chinese blockchain firm Red Date Tech, Alipay's parent firm Ant Financial Services Group does offer some US ETF trading. So allowing the bitcoin ETF would not surprise me, he shared, adding that buying and selling all go through Ant Group and Chinese UN Now. As long as people can't move UN out of the country illegally, the regulators won't treat it as a huge risk and problem. He suggested the recent crypto ads on Alipay are not a direct an offering, but rather ads published as some third party finding some loopholes. It doesn't mean anything, they said. They'll dissipate here soon. Now Alipay banned all Bitcoin related transactions back in 2019. Keep this in mind, they officially banned the bitty related transactions in 2019, highlighting anti crypto stance and alignment with the unfriendly crypto agenda of the Chinese government, initially hosting major global crypto trading platforms like China Born Banan, as Yellen would say. But she's out of here And Gary, go home and get your shine box. She only got like another month left. You might as well leave early and save face before the Nip Anator chases you up a tree with the rest of your lizard friends. Just saying Gary. The Chinese government has maintained its anti crypto enforcement and interd departmental crackdown on crypto in 2021. But despite the ban, Chinese authorities have reportedly declared the crypto assets are legally properties protected by the law. Amid the ongoing bull market of 2024, industry figures including Novograds highlighted rumors that China was likely to unban the Bitty in July, but still, the community was skeptical. Then Bloomberg data analyst Jack Wang said in April that Hong Kong's crypto exchange traded funds would not be available for the mainland China investors. But still, in November, Hong Xiao based crypto mining chip designer Nanolabs started accepting video as a form of payment for its goods and services to a business account on Coinbase. And now the hash wars begin. What do the Trumpsters say? We can't allow Russia and China to beat us. We have to be first. We need to make the United States of America a bitcoin mining hub of the entire world. We need to stockpile the bitty. We need to buy millions of bitcoins. Millions. We need to fire Gary and free Ross Albrecht. Day one. Let's throw in a little pardon for Julian Assange. How about that? And let's not pardon the Biden family, please. Hunter Biden remains in jail with Bankman freed. For Christ's sake, can I get an amen? But anyways, next story of the day, there's a lot of bullishness to share with the fam. Here's the latest from the Gigachad himself, the one and only Mikey Sailor. He says, bitcoin creator Satos gave us a game we can all win while getting wealthy. That's right. The chairman and co founder of Micro Strategy, Mikey Sailor, has a whole new analogy to explain the bitty. That's because he was just on Port Noise Barstool sports podcast and had to give some sports analogies for their audience. And here's what he said. Prometheus gave us fire to warm up. Satoshi gave us a game we can all win. And bitcoin is that game. You don't want to be on the network where they can censor what you say and they can freeze your account. Bitcoin is a monetary network where it won't censor where you send your money, it won't freeze your account. And it is engineered in such a way that on the margin, you're winning the game over time. That's right. There isn't a single bitcoin Hodler who has been hodling for four years or more. Not in the black. Now that's a blackjack, baby. He also says, wouldn't it be great if you had a basketball team and you had LeBron James. Well, just FYI, I would never allow a sucker like LeBron to play for my team. He's too close affiliated to Diddy. I just gotta point that out. He just announced his retirement here today. I wonder why. But nonetheless, LeBron's not welcome on my team. On my team it's Michael Jordan and Allen Iverson and I'm sticking to it. And you had the digital version of them and they played forever and you can get them on the court and play with them and they're scoring 100 points and you're scoring two points.
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JV
But you're getting richer together and you're all winning together. That's what bitcoin is like. It's like everybody gets to play. That's right. Michael Saylor's pumping our backs. Blackrock pumping our bags. Trump pumping our bags. Us pumping our bags. We're pumping our bags and pumping our bags. Do you get it? It's the winning team, the bitcoin team. Everywhere in the world I go, there's like a fan club. There's hundreds of millions of people that are on the team Bitty. You should join team bitty. The 100 millions of fans would be rooting for you, Dave. And the great thing about it is you don't just win the game, you get wealthy while you're winning the game. Amen. Checkmate, mofos. And if you haven't watched that interview, check it out. I watched it. It's like a 20 minute interview. Actually shared it on my ex profile. But Dave Portnoy, if you don't know him, he's the owner of Barstool Sports or founder. He's worth hundreds of millions. Very wealthy guy as well. He purchased bitcoin a while back and he gets made fun of every single day for the cabbage hands he sold. His bitcoin, ended up losing a fortune in that deal. And now Michael Sailor had to orange pill him yet again. And now he claims he may make a 10 million dollar Bitcoin acquisition. We'll see if he does or not. But that's Portnoy for you. Now you know the story of Prometheus. Satoshi gave us the biddy. Game on. Let's discuss the latest from Eric Trump. If you missed a podcast, I did I think two episodes ago we discovered his one million dollar price prediction he just gave at the event in Abu Dhabi. Well, he also shares some other very insightful things he gave like a 20 minute speech, maybe 30 minutes. I shared it on X, the full uninterrupted speech. Many people are saying it's the best bitcoin speech they've ever heard. Clearly the Trump family gets it and you got to respect that. This headline reads, eric Trump says only a matter of time before crypto leaps ahead of the antiquated banking system. I mean, couldn't agree more there. Trump thinks the US Will become the crypto capital of the world under his father's leadership. Quoting father Trump, he said, we're going to make the United States of America the bitcoin mining hub of the world. Now, the younger Trump, who serves as the executive vice president for the Trump Organization, attended the bitcoin conference in Abu Dhabi. He tells CNBC that he and his father Trump, Father Trump have been big fans of crypto for a long time. Quoting him here, I think he realizes that every country in the world is embracing it. Look at where we're at right now in Abu Dhabi. They're putting billions of dollars into crypto and into the digital tech. And if we don't do that in America, we're going to get left behind. He wants to make America and crypto the capital of the world. He's been very, very, very clear with that and I applaud that. Now Trump says there are existing inefficiencies in the financial system, noting, for example, that it often takes Americans 90 days to secure a home loan. What kind of is that? Quoting him here, there is nothing on blockchain that can't be done faster and better and substantially cheaper. Preach the banking system that we have around the world. The modern banking system is antiquated. It's outdated. It's just a matter of time before crypto not only catches up, but really leaps ahead. And precisely what we're witnessing. I mean, the price action is a great reflection of what's happening right now. You feel me? But anyways, let's continue with the news, shall we? We discuss the latest with the Trumpster, right? Trump Jr. Now let's discuss Amazon. What if they started accepting bitcoin payments, the largest retailer of the world? Well, let's discuss what that would look like. Cz, the Binance CEO or former CEO and founder, unveils a simple plan for Amazon to acquire the bitty after the shareholders push for the bitcoin exposure that's right. At an upcoming annual meeting next year, Amazon shareholders will decide whether the tech giant should consider adding Bitcoin to the corporate treasury. But Banan's co founder cz said that he has an even more simple solution. Here's what he said. Simple. Accept bitcoin payments. It's simple. Just accept the payments. Let me tell you something. Xiao also acknowledged that the bitty isn't a perfect payment method. However, he says, I paid 17.8cents in Bitcoin yesterday and had to wait 15 minutes for it to confirm the transaction as a settlement. Amen. Still better than the tradfi though. I didn't have to call anyone to fix it. It just worked after 15 minutes. Bingo. No middleman. You gotta love it. The national center for Public Policy Research, a conservative think tank, submitted the Amazon shareholder proposal last week, requesting the tech giants board conduct an assessment to determine if adding Bitcoin to the company's treasury is in the best long interest of the shareholders. The think tank floated a similar proposal to Microsoft earlier in the year, but the firm shareholders just the other day voted against it this week. Womp womp. But Microsoft's board formally recommended shareholders vote against the proposal. The no vote triggered another volatile move at the price, but that didn't last long. We corrected the 94 and as of today we're right back at 102. I got 99 problems. Bitty ain't one. Hit me now for our feature story of the day. The High Priest the Bitcoin Deck your home with blinds.com DIY or let us install free design consultation plus free samples and free shipping. Free. Head to blinds.com now for up to 40 off select styles plus a free professional measure. Rules and restrictions may apply. Max Kaiser he has recently upped his prediction for this cycle from 220, 000, which has been calling for years, to now. 2.2 million. I'm going to share why that is. First and foremost, shout out to Max and Stacy. I will be with them next month in El Salvador celebrating In Thy Savior Bitcoin country at the Max and Stacy Invitational. But here's the latest from his prediction, which is pretty amazing. I'm going to break down why he believes we're likely to hit 2.2 million this cycle. Sailor's artistic portrayal of Bitcoin has been the evangelist's mandate since MicroStrategy adopted Bitcoin in 2020. They were the first publicly traded company to put the bitty on the balance sheet. The chairman has unapologetically spread the Bitcoin Gospel. Just as I preach the holy gospel of Satoshi each and every day, seven days a week and I have been doing here on the pod for the past 1856 episodes. That's what's up. But yeah, Micro Strategy's new Bitcoin Bank End game. He also recently announced purchasing 42 billion, making a promise to do so of the bitcoin over the next three years. Well on track to do so, announcing multi billion dollar buys virtually every week, which is mind boggling. Sailor's recent description of how the US can alter the Brick's attempt to demean its economy has caught the attention of the Bitcoin maxi, the one and only OG Max Kaiser, the advisor to N. Buelle, El Salvador's pro Bitcoin pre, raising his bitcoin price prediction from a modest 220,000 to 2.2 million in a new tweet citing Sailor's grand gold Rug Pull masterclass. Here's where it all began. Check it. I'm raising my target price for Bitcoin from 220,000 to 2.2 million per coin. Sailor's speculative attack on the 20 trillion dollar global gold market has a very high probability of success. And then he says Microsoft leveraging the 200 trillion global fixed income market to rug pull gold is happening. Well, Micro Strategy is doing it, other major companies are doing it, nations are doing it, states are doing it. And Najib Bukele just recently announced discovering roughly $3 trillion worth of unmined gold in El Salvador. And guess what they're going to do? They're going to sell that gold and trade it for bitcoin demonetizing gold. And yeah, Sailor laid out the ultimate rug pull for bricks by adopting Bitcoin to dump gold. And if you missed that interview, I highly encourage you to check it out and I'll get back to the deets right here. In the interview with Yahoo, Sailor inferred that the US could use Bitcoin to stop the bricks dollar harassment. He stated a massive adoption of the biddy as a reserve asset would hedge against the attack on the US economy. Preach. The micro strategy chairman advised the US government could acquire 20 to 25% of the Bitcoin circulating cap. Let's go and store it as a global reserve asset. He argued that the move steer a global bitcoin buying spree, boosting the asset's value and consequently the US Economy. Furthermore, Sailor also teased the great twist of the strategy which involves the US selling all of its gold reserves. Check this out. To stack bitcoin could you imagine that? The chairman insisted the ploy would demonetize the entire gold asset class affecting the US enemies who hold a substantial amount of the precious metal and shout out bar mon Evangelista. I appreciate the super. He put 2.2 million sounds bearish. I'll be buying the top forever. Amen brother and thanks for your support. Now notably this plot would ensure that gold's $20 billion market cap would shift to the bitty rug pulling hodlers of the asset class. Do you hear that Peter Schiff? It's not too late to capitulate. We understand Max introduced Bitcoin to you. At a dollar, you passed $10, you pass 101,000, 10,000, 50,000 100,000. How much longer are you going to pass on the greatest, most appreciating asset in human history for an asset you think is superior which there seems to be an unlimited supply of. I mean again Bukele just discovered 3 trillion worth of gold. That's about the size of the entire crypto market cap today. What's that going to do to the gold prices? Not a good look Mr. Shifty. Not a good look. Meanwhile we have Bitcoin maxis insisting sailors goal rug pull strategy is largely feasible. He stated that the potential 20 billion market cap diversion from gold to Bitcoin has a very high probability of success. Quoting Max Kaiser, Kaiser implied Sailor just revealed micro strategies incessant fixed income market exploration endgame. He stated that the software firm has been raising funds from the $200 trillion sector to rug pull the gold speculating it would come to fruition. And on this basis Kaiser raises bitcoin projection tenfold from 220,000 per bitcoin to now 2.2 million. 2.2 million in play. Notably the price call still falls below sailors $13 million bitcoin price prediction. And we even have higher projections from Sailor. He has you know, bear scenarios, base case and bull scenarios. And the bull scenario I believe is over 40 million. Correct me if I'm wrong, that's what I recall. Meanwhile a surge to 2.2 million from the current market price price of now 101,000 would entail roughly a 2100% upsurge. Send it. Bitcoin's market cap also would hit 43 and a half trillion. Good Lord. More than doubling gold's current valuation by a mile. That's right. And currently today the bitcoin market cap is just above 2 trillion at an all time high. But what are your thoughts regarding Max Kaiser's bullish price prediction and 10 folding his his price target from 220 to $2.2 million. Let me know Family in the live chat I recently upped my target for the bull scenario to 1.1 million. My base case because JV is so based is 420 for the Broskis. I ripped up my bear scenario of 250 because I just don't believe in a bear scenario anymore. With a Bitcoin strategic reserve for the United States, I don't believe in the bear scenario and now we're looking at 2.2 million as per the High Priest. Let me know if you agree or disagree. And welcome everyone to the Q A segment of the live stream. And we're going to convert this mofo into a pump watch and we're going to watch Pretty Little Bitty Going up here on the charts. So welcome everyone to Bitcoin Chart Watchers. Anonymous My name is JV. I got addicted to Bitcoin in 2017. I've been watching the charts ever since. This is live and interactive. 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.