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1852: “I think Bitcoin Ticks $1M Easily If America Buys Four Million BTC”
00:37:01
Strike CEO Jack Mallers says that Bitcoin could hit a price of up to $1 million per coin, a potential gain of approximately 871% from its current value, if America buys four million BTC establishing a Strategic Bitcoin Reserve.
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JV
Learn from the world's best all in one place with Masterclass the only streaming platform where you can learn and grow with over 200 of the world's best. Masterclass always has great offers during the holidays, sometimes up to as much as 50% off. Head over to masterclass.com Spotify for the current offer that's up to 50% off@masterclass.com Spotify Bored at home? Head over to Chumba Casino and join some serious social casino fun. With hundreds of games at your fingertips, no purchase necessary, you can play anytime, anywhere. There's a special welcome bonus waiting for you when you sign up. Play for fun, play for free, and you can even redeem some great prizes. Visit chumbacasino.com and get ready to reel in the fun. Sponsored by Chumba Casino. No purchase necessary. VGW Group Void where prohibited by law ho18 plus 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 technical analysis we're currently correcting. After tapping out at a new all time high yesterday just above 108, Bitcoin may hit 200,000 here soon, according to Bitfinex. I'm breaking down their latest analysis also. US strategic reserve can push Bitcoin to 500,000 because it would force the governments all around the world to buy the Bitcoin and we would see a rip up that would make 2024 look docile. And this is according to the BITW CIO who just shared on Yahoo Finance. We'll also be discussing Ohio Lawmaker introduces a Bitcoin Reserve bill allowing the state to buy the btz. Let's go. We'll also be discussing Meta Planet tips the first operating profit in seven years boosted by Bitcoin. We'll also be discussing Bitcoin E Test Flip Gold Funds and assets under management according to K33 Research. That's right, Black Rock's Gold ETF took 20 years to reach 33 billion in assets under management. It took their Bitcoin ETF less than a year, the fastest growing ETFs in history. We'll also be discussing VCK predicts Establishment of the U.S. strategic Bitcoin Reserve next year without the aid of Congress. I'll be sharing how this is possible. We'll also be discussing the strike CEO Jack Mers says Bitcoin's in the early innings of the bull run predicts Bitcoin can skyrocket by up to 870% of be explaining 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 cryptonewalerts.net again that's crypto news alerts.net today is pod episode 1852. I'm your host JV. Yesterday during our live we hit the new all time high of 1082 on Coinbase which is current price discovery. Today we're pulling back which is to be expected especially after a massive rally like we have witnessed since the Trump election. You know November 5th we are corrected 3,000 on the day. So a great BTFD opportunity. Let's kick it off with our market watch as we do each and every day. Looking at coin360 we got Bitcoin down two and a half percent. Virtually everything in the red today. Checking out coinmarketcap.com the crypto market cap did pull back a bit as well with 3.6 trillion market cap yesterday when we hit the all time high we also hit a new all time high market cap. The bitcoin market cap is maintaining above 2 trillion which we love to see. 191 billion worth volume for the past 24 hours and the Bitcoin dominance is 56.6% with Ether dominance at 12.8%. Checking out top 100 crypto gainers past 24 hours. BGB Virtual and HBAR let me know which Alan you're bullish on for the bull holla. And checking out the crypto bubbles you get a visual perspective on the day. Virtually everything corrected. But if we zoom out get a better perspective for the month you can see everything still crushing it over the past 30 days as far as the alts are concerned. And checking out the crypto green index yesterday was the highest we've been in a minute at an 87 in extreme greed. Today it dropped back down to an 81. Last week at 74 and last month at 83. And the how this works is the higher this number goes in extreme greed the more likely of a pullback. And checking out the time chain calendar we have 174,673 blocks into the next having. We're currently on block number 875 327. And you can currently exchange US$1 fiat monopoly money for 958 SATs. So there ain't nothing like the real thing trade that monopoly money for the sats while you still can. I mean before you know it it'll be 500 sats per dollar, 200 sats per dollar, 100 sats per dollar and one day it's going to be a dollar per set and at that time it'll be a hundred million dollar bitcoin price. Let that one sink in yo. But anyways fam, let's continue with the news. Break down our technical analysis AKA astrology for the broskis. That's right. Headline reads Bitcoin may hit 200000 mid-2025 as the price drops that will remain mild. And that's according to Bitfinex. Let me know if you guys are familiar with the Bitfinex hack. There was just a new movie documentary released on it. I watched it last night. It was actually pretty intriguing about the story of Heather Morgan Razzle name, Razzle Daz, Razzle Con or whatever it is. But crazy story of the largest hack in known history. Four and a half billion dollars worth of the Bitcoin. I believe that 100000 Bitcoin is now valued. Now that bitcoin crossed a hundred thousand. Now $10 billion and I think she ended up getting 18 months sentence. And the her husband who's supposed to been the mastermind behind the hack, he only got like four years which is kind of crazy. But I think they may have had to forfeit like a billion dollars in uncovered funds if I understood that correctly. But anyways a fascinating story. Bitfinex analyst says Bitcoin stretching 200,000 under favorable conditions this episode is brought to you by Google Gemini. With the Gemini app you can talk live and have a real time conversation with an AI assistant. It's great for all kinds of things like if you want to practice for an upcoming interview, ask for advice on things to do in a new city or brainstorm creative ideas. And by the way, this script was actually read by Gemini. Download the Gemini app for iOS and Android today. Must be 18 + to use Gemini live. Quoting them here. Our view is that any corrections in 2025 will remain mild thanks to the institutional inflows, they noted. While bitcoin volatility is expected in quarter one of next year, the broader trend suggests continued price growth driven by the ongoing inflows into the spot Bitcoin ETFs and increased global and institutional adoption. About 36 billion has flowed into the spot ETFs since they launched January 11, according to Far Side data. The Bitcoin ETFs are one of The Nipsey says high largest cohorts of bitcoin holders at over 1.13 million and we currently have Bitcoin trading at around 105000 and we just had Nick Carter of Castle Island Ventures on the news saying that this can grow nearly ninefold in the long term. Quoting them here from the Bloomberg interview. Long term I'm looking for bitcoin to match the market cap which would price Bitcoin at 900,000 per coin. As you know, the gold market cap is probably somewhere between 1718 trillion and bitcoin author Andy Edstrom shared that he is already struggling to get used to the fact that $1,000 is less than 1% move of the bitcoin price. Bitfinex analyst said the bitcoin mirrors the 2021 cycle and if that happens a 40% increase above its moving averages, it could potentially reach around 339,000 per coin. In the less likely scenari that the extended 2017 cycle repeats with similar diminishing returns, Bitcoin can peak at 290,000 they say by early 2026. But what if US bitcoin reserve changing the narrative. You got to actually cal calculate that now that that's at the forefront of conversation and Trump's entire team has confirmed it. So the possibility of the incoming Trump administration creating a strategic bitcoin reserve in the US has the crypto industry speculating. The market narrative can move to uncharted territory. Hence a super cycle. Quoting Tyler Durden here. If one country implements the bitcoin strategic reserve, which I think is a lock, what are your thoughts? Family kiss Goodbye to the four year cycles. And after Trump won the election November 5th, the pro crypto senator Cynthia Lummis, she said could move forward with legislation for the US government to buy bitcoin and hold it for at least 20 years. And that's precisely what Trump was saying when he spoke in Nashville. He said they will stockpile the bitcoin, they will make the United States the bitcoin mining hub of the world and they will establish a bitcoin strategic reserve. Eric Trump echoed that sentiment. Michael Saylor, 20 year long friends with the Trump family, has also echoed that sentiment. So I think that's the most likely scenario. But I want to know your thoughts. And if we do get that, then likely it's a super cycle. We're not going to get the bear scenario, we're going to get the bullish scenario. I think it's going to blow everyone's mind. But let me know Your thoughts? I'm going to pull up some of the live charts here via Trading View. Let me pull this up and do a little live chart action for you really quick. You should be able to see here. This is Coinbase via Trading View. This is the one hour chart. We do have the rising wedgie zooming out from the one hour. We scrolled out to the four hour. Also have the rising wedgie. You can see the corrective move where we're at currently at 104 at the time of the live stream. We do have a bear target on the screen on the four hour chart currently all the way down at 80,500 and zooming out from there we look at the one day. The one day chart overall looking very bullish. There is also the rising wedge here zooming out from the daily candles. Check out the week we just had the the highest weekly candle close in Bitcoin history on Sunday. This Sunday we'll get another most likely probably be an all time high again. But you can see 1, 2, 3, 4, 5, 6, 7, 8 consecutive green weekly candle closes. We still have the sexy cup and handle target in Play. It's sitting at 124 000. I think this is the most likely target thus far for this year, meaning we have two weeks left to achieve it. But let me know your thoughts and zooming out from the weekly. Take quick look at the monthly chart and as you can see here, Moonvember was the biggest green candle we had in Bitcoin's history and obviously now we're in December. We got another couple of weeks to finish off the year strong here in Q4. But let me know where you think the Bitcoin price will likely peak for this cycle. Holl at your boy the Bit Y CIO says u S Strategic and who was just interviewed on Yahoo. Finance. The strategic reserve for bitcoin for the states can push Bitcoin to 500000 because it would force governments all around the world to buy bitcoin. We call this game theory the global hash war and we will see a rip up that will make 2024 look docile. That's what's up. Ohio lawmaker introduces the Bitcoin reserve bill allowing their state to buy Bitcoin. That's what's up. The Ohio House of Representatives member has introduced a bill to establish a bitco in the state's treasury, marking the third US State to do so in just over a month. I think every state will eventually do this and we also know at the nation level. Trump is likely to do the same. So the race continues. This episode is brought to you by aws. Amazon Q Business is the new Generative AI Assistant from aws. Many tasks can make business slow, like wading through mud Help. Luckily, there's a faster, easier, less messy choice. Amazon Q can securely understand your business data to help you streamline tasks like summarizing quarterly results or doing complex analyses in no time. Q Got this? Learn what Amazon Q Business can do for you@aws.com learn more Ohio House Republican Leader Derek Marin December 17 introduced HB 703, tentatively titled the Ohio Bitcoin Reserve act, which would give the state treasurer authority to purchase Bitcoin as part of the proper asset allocation, though it would not require it. The US Dollar is being rapidly devalued and our state treasurer should have the authority and flexibility to invest in Bitcoin when determining proper asset allocation, marin said in the statement. Ohio must embrace technology and protect tax dollars from eroding. That's right. Bitcoin's the perfect hedge against the dollar. We all know the dollar's hyper, inflating in real time as Bitcoin continues to do the opposite, give you increased buying power which against the dollars they continue to print through infinity. But you can see the bill here announced today. I filed HB703 from Derek Marin to create the Ohio Bitcoin Reserve within the state treasury. Let me know what other states you think are likely to follow in their footstep, he said. He anticipates the bill will be used as a framework in Ohio's next legislative session, as it was introduced just two weeks before the end of the 135th. Generally General Assembly. The bill must be reintroduced in the 136th General assembly, which will start Jan.6, 2025 and the last two years. Bills not enacting before the end of the current session die and are not carried over the next. Marin said he hopes the bill will pave the way for legislators to address it quickly next year. Quoting them here Bitcoin is revolutionizing finance and will reshape world economies. We must have sound money. It is like digital property rights for everyone who owns it. This legislative sets up the frame for the Ohio state's government to harness the power of the Bitty and strengthen our state finance. Derek Marin has labeled himself a strong defender of crypto and holds a top level A rating from the Coinbase supported crypto advocacy organization Stan with crypto. In a August 5 post, Marin stressed the need for a 21st century framework that protects individuals rights to possess, trade and conduct commerce with digital assets. You hear that Gary Gendler? That's why you're fired. And you should go home and get your shine box before the Nipinator bites you. Just saying. Texas and Pennsylvania have introduced similar legislation to establish Bitcoin reserves. Since Trump's presidential election victory November 5, Trump has floated the idea of the Federal Bitcoin Reserve. And then on December 12, Texas House Rep. Giovanni introduced the Texas Strategic Bitcoin Reserve act, proposing the state's comptroller hold Bitcoin as a reserve asset for at least five years. Why so bearish? You got a hold at least for eight years. A month earlier, November 12, Pennsylvania House Representative Mike Cavill proposed the bill permitting its treasury to hold up to 10% in Bitcoin on the balance sheet, claiming bitcoin could be used as a hedge to offer stability in uncertain economic times. Precisely. I think all states will eventually adopt bitcoin as the bitcoin race continues across the world. But anyways, let's continue with the headlines, shall we? Here's the latest from Meta Planet. This is the Japanese company that followed in the footsteps of Microstrategy. I often refer to it now as Michael Strategy instead of Micro strategy, but you get the gist. Meta Planet tips the first operating Profit in seven years Boosted by thy biddy Bitcoin stacking firm Meta Planet expects to record its first consolidated operating profit in seven years. Just months after adding bitcoin to the balance sheet for the first time, the Japanese investment firm Dec 18 said it expects to generate 890 million Japanese yen, which is US$6 million in revenue for the fiscal year ending Dec 31, compared to just 261 million Japanese yen in the previous fiscal year. It tipped its operating profit to hit 270 million Japanese yen, up from a loss of 468 million Japanese yen. Meta Planet says much of its revenue came from selling bitcoin put options, which generated 520 million Japanese yen of income. There's been a marked increase in and companies adopting a bitcoin strategy this year as the price of bitcoin has soared, leading in many cases to boost in their value and stock prices quoting their financial statement. Combined with the strong performance of the hotel business, the company is on track to record consolidated operating profit for the first time since 2017, all thanks to bitcoin. Meta Planet is a publicly traded Tokyo based investment firm that made a major pivot to bitcoin back in April, adopting it as a Treasury asset to hedge against crypto depreciation. It also owns and operates Royal Oak Hotel in Tokyo's Gotanda district through its consolidated subsidiary. Now Meta Planet says it wants to move beyond simply accumulating Bitcoin as part of the treasury management strategy. In a separate investor disclosure which was announced today, Meta Planet said it would establish Bitcoin accumulation and management as a formal business line which will see it employ loans, equity convertible bonds and other financial instruments to purchase and hold Bitcoin. We call this the Sailor Put. It said it will continue utilizing put options sales as a key revenue driver. And here he is thanking Michael Sailor on X. Thank you Sailor for recognizing Meta Planet as one of the Bitcoin standard companies. Your leadership continues to inspire us as we build towards a brighter future and the foundation of Bitcoin put options are contractual agreements giving the owner who buys them the ability to sell the underlying asset at a pre agreed value called the strike price to the issuer and in this case Meta Planet. It's a way for investors to lock in a minimum selling price for an asset they own to avoid further losses. And in turn, Meta Planet earns a premium for each put option contract in which it sells, whether or not the option is exercised. If the option is exercised, it allows them to buy Bitcoin. In line with the strategy, Meta Planet also aims to establish revenue streams from Bitcoin related marketing activities through its recent recently acquired licensed operate Japanese version of the news outlet Bitcoin magazine. Meta Planet is Asia's second largest corporate Bitcoin holder after Boya Interactive, who now holds 1142 Bitcoin worth roughly $120 million. On December 16, Meta Planet announced the fourth bond issuance worth just under 4 and a half billion Japanese Yen which is 30 million USD, with the aim of accumulating more Bitcoins along with a plan to issue another 5 billion Japanese yen in private placement ordinary bonds. Bitcoin stacking firm Meta Planet expects to record its first consolidated operating profit in seven years, just months after adding Bitcoin to the balance sheet for the first time and quoting them here. Combined with the strong performance of our hotel business, the company is on track to record a consolidated operating profit for the first time since 2017. So you already know many countries adopting Bitcoin and adding it to their treasury and I think eventually, eventually all the major companies will be forced to do so or get left behind. We all know Microsoft obviously had a shareholder meeting. I believe Sailor got to speak for three minutes, maybe twice and they denied it. But there's still plenty of other companies out there, the smart companies that want 100 million bitcoiners backing them, like Meta Planet and Michael Strategy will likely adopt Bitcoin. I mean, what's the alternative? As Sailor once brilliantly described with a metaphor, you're going to keep all those hundreds of millions or billions of dollars in the bank. It's ultimately a melting ice cube. So if you want to avoid hyperinflation and devaluation of the dollar, you got to park it into something. And there's nothing greater to increase your purchasing power than Bitcoin, as Bitcoin has really been on a 16 year bull run since the inception if you look at the charts against the US Dollar. So as the dollar continues losing purchasing power, Bitcoin will continue to do the polar opposite, gain you purchasing power. That's why everyone here should be at least bare minimal saving in Bitcoin and treat Bitcoin as your ultimate savings account. Simple and plain. But next story of the day, let's continue where we Left off. Bitcoin ETF headline reads Bitcoin ETS flip gold funds and assets under management according to K33 Research and as you can see here, Black Rocks Gold ETF took 20 years to reach 33 billion in assets under management. Bitcoin just did it in less than a year. The ETFS just went live January 11th this year, the fastest growing E test in history. Numbers don't lie. Check the scoreboard. That's what's up. Net assets in the United States Bitcoin ETF surpassed those of gold for the first time December 16th two days ago as institutional asset managers clamor for the crypto, according to the data from K33. December 16 US Bitcoin E test collectively broke 129 billion in assets under management, surpassing the US Gold E test, which held an amount just shy of that figure, according to a December or 17th post on X. K33 Research is a digital asset researcher based out of Norway, and according to Bloomberg ETF analyst B. Chunz, the assets under management figure includes spot Bitcoin ETFs as well as ETFs that track Bitcoin's performance using financial derivatives such as futures. Quoting them here, if you include all the Bitcoin ETFs, spot futures leverage, they have 130 billion versus 128 billion for gold ETFs. That said, if you just look at the spot, Bitcoin is 120 billion versus 125 billion for gold. But either way, it's unreal that bitcoin funds are even competing with gold in this way. After just 11 months, the writing is on the wall. My personal prediction as many of the top experts are saying, including Max, I mean Michael Sailor. But Bitcoin is demonetizing gold in real time and I think we're going to flip the market cap of gold very easily. Right? Currently The Bitcoin market cap's 2 trillion. Gold is 17 trillion. That's going to reverse complete 180 mark my words. It's all going to zero against Bitcoin spot. Bitcoin he says launched in January on the 11th following a lengthy review from the SEC. Yeah, no thanks to Gary Gensler. We could have had those ETFs years ago, FYI. But I digress. Since then Bitcoin has denominated or yeah dominated the ETF landscape. US body test broke 100 billion in net assets for the first time in November. According to Bloomberg, the surge of the Bitcoin ETF net assets reflect a more positive outlook for the future of the Bitcoin after the Trump election win which boosted performance and brought over fit or 5 billion worth of the inflows. Now black rocks ibit leads the pack amongst the bitcoin es with nearly 60 billion in assets under management. I believe they now hold through their coinbase custody over 500,000 bitcoin which is roughly 2% of the circulating supply. Also Microstrategy also owns like now over 430000 bitcoins. So the race continues fam. Now let's discuss the debasement trade. Investors are turning towards gold and Bitcoin and a so called debasement trade as they brace for the catastrophic scenario amid rise in geopolitical tension. According to a October J.P. morgan report, the debasement trade refers to a spike in gold demand caused by factors ranging from structurally higher geopolitical uncertainty since 2022 to persistent high uncertainty about the long term inflation backdrop, persistently high government deficits across the major economies. And on December 16th the Bitcoin to goal ratio measuring Bitcoin's purchasing power relative to the yellow metal hit an all time high as Bitcoin's price broke new records. So there you go Crypto Bros. What are your thoughts on that as we continue to see unprecedented volume flow into the institution such as the Bitcoin ETFs and also something to consider. Previous cycle there was zero institutional FOMO, nothing. They didn't go live till this year. Previous cycle was primarily driven by retail which is mind boggling. So we may have that super cycle we've all been anticipating. In fact, I think that may be the most likely scenario. Hyper bitcoinization. Why? Because Trump is embracing bitcoin. And when you have the leader of the free world embracing bitcoin, stockpiling bitcoin and doing everything favorable for bitcoin, other nations are all going to have to follow or get left behind. So you already know we call this the global hash wars which Max Kaiser has coined many years back. We also refer to this as game theory in full effect. So headline reads van act predicts establishment of the U. S Strategic bitcoin reserve next year without the aid of Congress. That's what's up. An analyst at one of the biggest asset managers in crypto thinks the US will establish some form of strategic bitcoin reserve next year. Let me know if you agree. Yay or nay. Matthew Siegel, the head of digital assets of an eck says in a new interview with Natalie Brunel. Shout out Natalie. That the reserve might not be generated from congressional legislation. However, I think more likely it'll be an executive action that tries to reclassify the roughly 200,000 bitcoin that the US government already owns. Keep in mind 100,000 was seized from Bitfinex and does not belong to the US government. But I digress having seized in crimes or other events sense and just call that a bitcoin reserve and pledge not to sell it. Our prediction is for next year is there will be either a national bitcoin reserve like what I've just described or that one or a handful of states will pass their own which we're witnessing in real time. And I think that most likely candidates for that are Pennsylvania, Florida or Texas. Come on Desantis, get on the bitcoin train. And in July, Republican senator Cynthia Lummis a Wyoming said she would announce a bill to establish bitcoin reserve as a means of securing the value of the US dollar amid a record breaking national debt. The legislation would drive the U. S government to accumulate 1 million bitcoin or 5% of the bitcoin total supply in five years. I know that's Michael. Strategies strategy to control 5% of the bitcoin supply, which is roughly 1 million bitcoin. They're already halfway there, FYI, just shy of 250000 bitcoin. And on the campaign trail last year, Trump promised the US would stop selling its trove of seized bitcoin to and instead strategically hold the asset as an investment. We all know that's the smartest move for the states. I mean look at the stupidity and idiocracy of Germany government dumping all their bitcoin when it was 50,000. They just lost billions of dollars by not huddling and the United States should not make the same mistake. Earlier in the month, a member of the Texas House of Representatives proposed legislation to enable Lone Star State to establish their strategic Bitcoin reserve within the Treasury. Let's go Texas. Texas. The decentralized betting platform Polymarket currently priced the odds that Trump will create the Bitcoin strategic reserve in his first 100 days in office at 41%. I'll take that bet. That means it's the underdog bet. I think it's most likely to happen. But let me know your thoughts family. I think they will waste no time now for our future story of the day. Strike CEO Jack Mers says Bitcoin's in the early innings of the bull run predicts Bitcoin can skyrocket by up to 870% and explains why in which scenario that would likely occur. So first and foremost shout out to the one and only Jack Mahlers. The chief executive of the payments app strike is leaning bullish towards Bitcoin as Bitcoin hovers above 100 GS in the new interview with the Wall street vet Anthony Scaramucci on the Wealthy on YouTube channel, Jack Mahler says the Bitcoin could hit a price of up to a million, a potential gain of 871 from the current value. And on what can drive Bitcoin to reach the seven figure price trajectory, here's what Maulers had to say. The reality is if America comes out and buys 4 million Bitcoin and that's what RFK Jr proposed at the Nashville event, FYI, I think Bitcoin ticks to 1 million per coin easily. If not we get an interest in fiscal policy from the incoming Trump administration then 250,000 seems is decently reasonable and that's right in alignment. I've been calling 250 as a bear scenario and now 1.1 million is my bull scenario. And as you know Recently Max Kaiser 10x his original 220 prediction at 2.2 million. Especially with Trump in office adopting Bitcoin for you know the United States treasury stockpile in the bitcoin and making you know the United States bitcoin mining hub of the world. But Mers goes on to further say that the US and global fiscal situation is also a bul catalyst for Bitcoin. So any scenarios Bullish. It's going up forever. Laura. I think we're going to see one of the greatest asset bubbles in human history. I think the fiscal situation is a problem. So I think the problem is we have too much debt. And the way I would say it is is that someone has to realize the loss. US domestic debt to GDP close to 130%. Global debt to GDP well over 300%. And so there is a loss that has to be realized. And the question is where are we going to realize that loss? Are we going to render all the bond holders poor? Probably not. My expectation is further currency debasement. My expectation is further asset inflation. My expectation is bitcoin will continue to be the best performer because it's the scarcest and the hardest to make more of. In fact, it is the only thing you can't make any more of. That's right. Name another commodity fam you you can't make more of. It doesn't even exist. There seems to be infinite everything except bitcoin. There's even infinite gold. As crazy as that sounds, they continue to find more and more. There was like a gold reserve mine found in Africa, trillions of dollars worth of gold. Bukele just discovered $3 trillion worth of gold unmind, untapped. In which he said he is going to mine and convert it into the hardest money to ever exist which is going to demonetize gold, which is a speculative attack against the central banking cartels who hoard the gold. So how do you like those apples? But let me know your thoughts on what Jack Mers had to share there. And can you see bitcoin ripping to a million dollars? And again someone mentioned it earlier in the comments. That is very, very. What's the term I'm looking for? Conservative. If we really did buy 4 million of the Bitcoin and control. Yeah, I mean that much of the circulating supply you already know Bitcoin could potentially be 10 million or 13 million as Michael Saylor suggests per coin. But you let me know your thoughts. My personal prediction as my bull scenario 1.1 million which I called a few weeks back and my bear scenario has been 250. I just don't see the bear scenario most likely to occur. And then my base case is 420. Base for the Broskis. Happy 420. But nonetheless I'm extremely bullish into 2025 and I do think we hit the cycle peak but anything is possible. We have never seen this type of bitcoin adoption from you know, an institutional level nation state, A level, state level, pension fund level, sovereign wealth fund level, etc, so mass adoption is taking place. And the beautiful part is all of you got to front run the United States of America. All of you got the front run, the Trump pump. The majority of you got the front run, the Larry Fink ETF. Yeah, I mean, that went live January 11th. And some of you even got the front run MicroStrategy. And Michael Saylor, who adopted Bitcoin, as you know, put it on the balance sheet as the first publicly trade company to do so. And now it's the best performing stock that there is. Yeah. I mean, so it's mind boggling. And don't forget to check out crypto news alerts.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.