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Bitcoin News Alerts | Daily BTC Macro Signal
1848: “Trump’s Approach Could Skyrocket Bitcoin to $1,000,000 Next Year”
00:18:04
Crypto lobbyist Perianne Boring tells Fox Business in a new interview that President-elect Donald Trump’s future approach to the sector could send Bitcoin skyrocketing close to $1,000,000 per BTC.
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- [00:02]
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- [00:29]
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- [00:51]
Crypto Analyst
In today's show, I'm going to be sharing the latest Bitcoin technical analysis. Also, Michael Saylor says soon every billionaire will buy a billion of bitcoin and the supply shock will be so great that we will stop measuring bitcoin in terms of fiat send it and we'll also be discussing Japanese lawmaker Satoshi questions, government plans for the Bitcoin reserve as well as Riot platforms. And my apologies here, I forgot there's no B cam here today. But anyways, Riot platforms buys more than 500 million in Bitcoin as well as early Bitcoin investor jailed for unreported crypto gains in a $4 million bitcoin sale as well as bitcoin price. 2025 cycle target minimum starts at 175,000. I'll be breaking down this target as well as Digital Chamber CEO Perian Boring suggests Bitcoin can skyrocket to 800,000 next year. In 2025 I'll be discussing 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 cryptonews alerts.net Again, that's crypto news alerts.net let's kick it off with our market watch. We're above 1001000 which is pretty nice. Bitcoin's been holding steady. We did tap 102 last night or this morning. I saw we are pumping little correction at the time of the live stream. We have Ether, XRP and many of the alts Pulling back correcting as well. Shout out to my good friend Corey Reynolds. Always an honor to see you brother. And yeah checking out coinmarketcap.com the current crypto market cap is sitting at it looks like where we at $3.59 trillion. The Bitcoin market cap is above 2 trillion. That's a good milestone to be above. We have 138 billion worth of volume for the past 24 hours and the Bitcoin dominance is 55.7% with Ether dominance at 12.9%. Check out top 100 crypto gainers past 24 hours. We got virtual helium and chain link leading the pack. Let me know which alts you're bullish on for the bull and checking out the crypto bubbles. You get a visual perspective here on the day as you can see the majority of the alts pulling back correcting and zooming out on the month and it reverses everything pumping big time. Multiple 100% gains for coins across the board. And checking out the crypto greed inere index. Today we're back at an 83 extreme greed yesterday 76, last week of 75 and last month in 88. In extreme greed and checking out the time chain calendar you can currently exchange one US for 989sats. So less than a thousand sats per US dollar. We're currently on block height 874,767. So there you have it yo. But yeah so bitcoins. Almost 20 billion of options expiry is coming up. What exactly does this mean for the bitcoin price? Let's break it down. Investors are bracing for 20 billion options expiry scheduled December 27. The recent rally above 100,000 has caught bearish investors off guard, creating an opportunity for bullish traders to capitalize and potentially fuel a new bitcoin all time high. Currently total open interest for the call option stands at 12 billion, while the sell options trail 7.8 billion. Dribbit dominates the options market with a 72% share followed by the CME at a 12% and Binance at 9.9%. However, Bitcoin's 68% price surge over the past three months has rendered most put options in effective. Institutional demand for Bitcoin remains robust, with the spot ETFs attracting four and a half billion of inflows during the first 12 days of December. Additionally, micro strategy acquired 21, 500 Bitcoin between December 2nd and the 8th at an average price of roughly 99,000. And similarly Bitcoin minor marathon holdings disclosed the purchase of 11,744 bitcoin December 10. Meanwhile, bitcoin bears aim for sub 95,000 levels to mitigate the losses. Let's see if the bears prevail. I'm extremely bullish right now considering we're in Q4. It's the year of the having and historically this is always a bullish season. But there you have it, yo. And in breaking news, Michael Sailor says soon every billionaire will buy a billion dollars of bitcoin and the supply shock will be so great that we'll stop measuring in terms of fiat. Preach. And there you go, yo. Japanese lawmaker Satoshi questions government plans for the bitcoin reserve and in yesterday's pod we discussed China adopting a bitcoin reserve. So here a lawmaker in Japan's legislature named Satoshi Bored at home?
- [06:00]
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- [06:29]
Crypto Analyst
Can't make this ish up has introduced questions for a government on the status of the national bitcoin reserves globally. Could this be the infamous Satoshi, creator of bitcoin? In a question submitted by the country's House of Counselors December 11, Satoshi asked the Japanese government to consider it's just funny saying that the status of Understanding the movement to introduce bitcoin reserves to the US and other countries. The lawmakers questions directly cited attempts by US Government officials and crypto proponents introduced a strategic bitcoin reserve in the country, claiming that such a move could add a tremendous amount of power to the markets. Quoting them here, I believe that the consideration should be given on the matter and I would like to hear the government's views, said Satoshi in a translated statement. Should Japan also introduce a system convert part of its foreign exchange reserves into crypto assets such as bitcoin? Could this be inspired by Trump and efforts at the U.S. probably we call this game theory. In the wake of the US Elections in which Republican lawmakers want to trifecta in the presidency, we had the House of Representatives, the Senate. Crypto advocates seem to be pushing harder for the government to consider a strategic bitcoin reserve. Also, Trump's campaign promises. Lawmakers in Brazil have issued similar calls to use the crypto as a hedge against economic risk. And according to X, Satoshi has been closely following efforts in the US Introduced a strategic bitcoin reserve. He has retweeted posts from the American political action committee created by Elon about Tesla's proposed Department of Government Efficiency, which would likely be an advisory committee, not a government department. And though Japan has one of the largest GDPs of the world, the country dropped from third to fourth place last year, losing its position to Germany amid a slowing economy. Most estimates place Japan's GDP at more than 4 trillion, suggesting that if the government were to establish a national bitcoin reserve, it could benefit crypto hodlers. Well, obviously. And that's precisely what's about to happen. And Trump hasn't even taken position yet. It's not till January 20. And the markets, especially in crypto, couldn't be more bullish right now. And welcome everyone joining us. I understand the stream is going to be choppy as far as visually, but the audio should be fine. I'm streaming mobile today and the settings are completely different, so I'm figuring it out on the go. But thank you, Diana for the repost. Just reposted. Adam Taylor, thank you for the repost. Just reposted. Right on. Let's go give crypto news a look and follow. Thank you veteran. Appreciate it. Appreciate all your guys support. Keep the comments flowing. We'll just continue getting through the news here today. Let's go next story of the day. Let's break it down. You just got to give me a second to, you know, adjust everything apparently because my laptop settings are completely different from my, my desktop. So one, one moment, family. I think I got to hide one of them and then expand the other one. Something like that. Expand. Thanks for your patience today, fam. Again, I'm in Florida. I'm not in my Puerto Rico studio. So I'm just adjusting my settings to make sure everything looks good right now for our next story of the day, headline here reads Riot Platforms buys more than 500 million worth of the bitty. That's right. Riot Platforms bought 510 million worth of Bitcoin between the 10th and 12th of December. Bring in the bitcoin miners. Total bitcoin holdings to nearly 1.7 billion according to regulatory filing. The purchases coincide with reports that activist investor Starboard Value has taken a significant position in the Bitcoin miner. December 12, the Wall Street Journal reported that Starboard urge Riot to repurpose some of the Bitcoin mining cap capacity to service artificial intelligence models Buying Bitcoin has shown itself to be another way for bitcoin miners to win over the investors. We are committed to creating a value for the shareholders and we look forward to constructive dialogue with STARBOARD on ways to achieve the shared goal. As you can see here, they're stacking SAs like they know tomorrow. These are the you know Bitcoin miners and the Potential Value boost from AI conversion At the current valuations, demand for computational power from AI models is surging. Bitcoin miners, often armed with captive power supplies and expansive data centers, are well equipped to service the market. Quoting them here, the synergy is simple. AI companies need energy and Bitcoin miners have it. According to the August 16 report by Matthew Seagal, head of Digital Asset Research at Vanak, at a Bitcoin miners pivot towards AI, they could collectively unlock nearly 37 billion of the market cap. In particular, Riot can gain more than 4.8 billion in market cap by focusing on servicing the AI businesses, as the asset manager estimated, that would more than double Riot's market cap.
- [11:33]
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- [11:59]
Crypto Analyst
X etf's.com which stands at around 4.4 billion as of December 13th. Meanwhile, investors are also rewarding Bitcoin miners for building the large Bitcoin treasuries. Dec 10 Analysts at JP Morgan raised price targets for four Bitcoin mining stocks, including Riot, partly to reflect the value of the miners holdings. Quoting them here, we previously valued Bitcoin miners based on 4 year gross profit opportunities for each operator. We're expanding upon this framework by incorporating, number one, the value of each company's land and power assets and two a HODL premium which gives miners credit for hodling the bitty on their balance sheet. Like the micro strategy. Since 2020, micro strategy spent approximately $25 billion buying Bitcoin as part of a corporate treasury reserve strategy spearheaded by Mikey Sailor. The strategy has paid Bitcoin price steadily rose, breaking now 104,000 Current top Since 2020, MicroStrategy stock has gained 2500%, outperforming practically every sizable public company except Nvidia according to Google Finance Data. And there you have it. Yo. So yeah, let's break down our next story of the day. Early Bitcoin investor jailed for unreported Crypto gains in a $4 million bitcoin sale this is the first story I've heard of this kind where someone got jailed for literally unreported crypto gains and it seems they're trying to make an example out of them. I guess he probably made a big real estate purchase and it probably triggered a red flag and he got investigated is what I'm assuming. But let's read the story. An early Bitcoin investor from Austin, Texas Wild has became the first person criminally charged for failing to report crypto capital gains in a case involving 4 million worth of crypto. According to the DOJ, the Texas based bitcoin investor Frank Richard falsely under reported the realized capital gains. I guess that's fraud earned from the selling of Bitcoin worth 3.7 million between 2017 and 2019. You got to keep in mind when you sell your crypto on the exchange, that's all recorded and then they report that probably to the irs. So stupid to lie quoting them here. All taxpayers are required to report any sale proceeds and gains or losses from the sale of crypto such as bitcoin on a tax return. He also said he invested in Bitcoin since 2011. So an early OG purchased 1366 Bitcoin on the crypto exchange Coinbase in 2015 when Bitcoin was trading under 500. He sold about 640 Bitcoin in 2017, an average market price of 5800 and reinvested 3.7 million into real estate. Authorities found discrepancies in his federal income tax return and the report noted that then filed the false 2017 federal income tax return, then substantially inflated the cost basis of the bitcoins, thereby underreporting his true capital gains from the sale of bitcoin coins. Now. Additionally, he did not report more than 650,000 worth of Bitcoin sales in 2018 and 2019, according to the DOJ. He attempted to conceal the movement of his funds through multiple wallet transfers, crypto mixers and in person transactions, they added. Indeed, In May of 2014 he had blogged about his knowledge of mixers as ways to add anonymity to bitcoin transactions and in total the tax loss from his criminal conduct was over a million dollars. And Acting Deputy Assistant Attorney General Stuart Goldberg of the Justice Department's Tax Division noted, a decision to under report crypto capital gains and attempt to conceal the transfer of funds earned him a two year sentence. 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. Hodl.