← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
1857: Saylor Floats US Crypto Framework with $81 Trillion Bitcoin Reserve Plan
00:34:10
MicroStrategy founder Michael Saylor has proposed a Digital Assets Framework for the United States and Trump that includes establishing a Bitcoin reserve he claims could create as much as $81 trillion for the country’s Treasury.
Loading summary
Transcript1 lines
- [00:02]
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. Okay, I have to tell you, I was just looking on ebay, where I go for all kinds of things I love. And there it was. That hologram trading card. One of the rarest. The last one I needed for my set. Shiny like the designer handbag of my dreams. One of a kind. Ebay had it. And now everyone's asking, ooh, where'd you get your windshield wipers? Ebay has all the parts that fit my car. No more annoying, just beautiful. Whatever you love, find it on ebay. Ebay Things people love. Welcome, crypto fam, to the number one daily bitcoin pod. Bitcoin's making a corrective move as we're currently flirting under 93,000. In today's show, I'll be breaking down the latest bitcoin technical analysis as well as the breaking news. $3.6 billion public company rumble says it's going to pay its creators in bitcoin. Or at least give us that option. That's fantastical. We'll also be discussing La Rosa holdings to offer bitcoin payments for real estate agents. Let's go. As well as Trump appointing former college football player Bo Hines as head of the crypto council, we'll also be discussing Meta planet buys the dip with the biggest ever 620 Bitcoin buy and speak in a buying the dip micro strategy bags an additional 5200 Bitcoin at an average Bitcoin price of 106, 000 per coin. Just as I predicted, a big announcement acquisition from Mikey Sailor. And we'll also be discussing Sailor floating a US crypto framework with trillion dollar bitcoin reserve plan for the United States. I'll be going through this with you. 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 @Crypto news alerts. Again, that's crypto News alerts. NET Today is Pod Episode 1857. I'm your host, JV. It's December 23rd, 2024. We've been correcting like for the past four days or so. We did tap out at a current all time high about a week ago at 1083 and today we're at 925 and still correcting lower. We will be looking at some of the live charts and all that good stuff here shortly. And welcome everyone just joining us. And shout out to your new chairman of the sec. Nipsey Audio Scary. Go home, get your shine box. But with that being shared, let's kick it off with our market watch as we do each and every day. And as you can see, bitcoin is in the red down 2% as many of the alts are starting to gain traction. You got Ethan the green BNB big gainer alongside Salana and checking out coinmarketcap.com the current crypto market cap is $3.26 trillion. Bitcoin market cap $1.83 trillion. We got roughly 164 billion worth of volume for the past 24 hours. And the bitcoin dominance back on the decline at 56.4%. Yesterday the ether dominance tapped a low of 12 and today it's back up at a 12.3 as the alts are gaining some traction. Checking out top 100 crypto gainers past 24 hours we got virtual A&Z cash. Zcash has been pretty quiet. That's one of the top privacy coins and below that we have scam token ftt. Go figure. Which Alan are you bullish on for the bull. Holla at your boy. And checking out the crypto bubbles we get a visual perspective. Let's start on the day and then we'll zoom in on the month. And yes, it's Christmas week. Tomorrow is actually Christmas Eve and then the day following 25th is actually Christmas. I do plan on streaming each day. It may be a special time for Christmas Eve. I don't know yet, but that's why it's important to have the notifications turned on. But I do plan on going live. But as you can see, the bulk of the market in the green, which we love to see on the daily zoom out on the monthly. It's a mixed bag. I'd say maybe 60, 40 red over green. And checking out the crypto green and fear index. Today we're 70, yesterday 73 last week in 83 and last month in 93 in extreme greed. And the higher that number goes in extreme greed, the more likely of a correction and it's like clockwork. That's why we share this very often. And checking out the time chain calendar we have 173941 blocks until the next having in 2028. We're currently on block number 87650 and you can currently exchange one US fiat monopoly dollar for 1067 sats. So stack them sats and let's get it. Let's see what Santa has in store. But without further ado, let's dive into today's technical analysis AKA Astrology for the broskis and we'll pull up some of the live charts. Headline reads Bitcoin Extends Losses as Trader C sub 90,000 Bitcoin price support test here. Looking at the one day chart, Bitcoin broke below 94 at the December 23rd Wall street open as the bulls receive from Trad 5 return. How low will she go is the million dollar question. Let me know your thoughts. After the weekend saw the spike of 99. Five extinguished by the sellers, we were so close to regaining 100 Bitcoin failed to recover the lost ground, taking a drawdown from last week's all time highs to 15%. Summarizing short term price performance, we had Bitcoin data warning over the support resistance flips. Quoting the analysts here. Underside retest and rejections of the W waps are not which you want to see for the bullish price action and a retest of 92 for Bitcoin looks likely as of right now. 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 8586 Looks like the backup the truck area to go all in for the bulls. And lo and behold we're right on the cusp of that number, which is pretty ironic. And we also have Crypto Nuevo likewise saw lower levels returning before the broader market rebound, focusing on levels already seen during the down wick near 90,000 back in December. Quoting him here now. I still think we can revisit the lows. It's hard to imagine we're going to get a V shaped recovery from here. I am leaning more towards either a W formation or a 100 of the wick fill. Ideally the 100 wick fill since 90000 is a strong psychological level and even those with a more positive outlook could not rule out the new lows. Coming first amongst them, analyst Jelly who continue to draw comparisons between the current bitcoin price action from that from the end of 2023 quoting them here. Too many similarities between this and last year to ignore the fractal not ruling out the sweep below 90,000 somewhere this week. Leaving some bids down there just in case. Resume up only in 2025. Let me know if you guys agree or disagree and before I pull up the live charts. This was a big announcement I saw that got me excited. 3.6 billion dollar public company rumble, which we're streaming on live right now, says it's going to give us an option to receive our payment in bitcoin. He says if you want to get paid in dollars, we'll pay you in dollars. You want to get paid in bitcoin, we'll pay in bitcoin. You want to get paid in tether USD, we'll pay you until they I like that. Give the creators the option. I think that's just going to drive more adoption to Rumble. And of course they recently announced putting bitcoin on their balance sheet so they're making all the right moves and I respect companies that respect our first Amendment right of freedom of speech. So shout out Rumble for the win there and checking out some of the live charts real quick. Let me switch up the scene for you guys. There you go. So yeah, this is the one hour chart. We do have a lot of action going on. We have a red target of 119. We have a bull green target on the one hour sitting at 107. So just shy of the current price discovery currently at 183. Zooming out from the one hour. Take a look at a four hour and it shows you there's a rising wedge formation. We do have a bull target of 107 as well similar to the one hour chart. But there's also a be the four hour sitting all the way down at 8800 and again let me know where you think the bottom is. Do you think the bottom is already in or you think we're going to continue to climb lower Holler and zooming out. Go to the one day and as you can see there's a rising wedge and we've had corrective 1, 2, 3, 4, 5 consecutive red corrective days which started at the end of last week till now we do have a bear target on the daily chart sitting at 76,700 and zooming out from the daily, take a quick look at the weekly and as you can see the more we zoom out the more bullish we look. We do have the cup and handle Target still sitting at 124 000. Nothing has changed there. We did get the big red weekly candle close, finally breaking the bullish momentum we've had over the past five or so weeks and we'll see how we likely play out here. And officially the last week, the final week of 2024, we're still in Q4. Let me know where you feel we'll peak out before the end of the year. Do you think the top is in which is 1083? Or do you think we'll retest that? Or do you think we'll continue trading sideways or correcting? Whatever your thoughts are, do let me know and I'll read those comments. Let's discuss Real Estate Agents being able to get Paid in Bitcoin we discussed earlier content creators getting paid in bitcoin. Well it don't stop there. La Rosa holding stall for Bitcoin payments for the Real estate agents let's go. The NASDAQ listed firm La Rosa will integrate bitcoin and crypto payment options for its network more than 3, 000 real estate agents in the United States. I think that's fantastic. What better thing is there than getting paid in bitcoin? And According to a December 23 announcement, the company will allow agents to receive commissions and digital assets. The company provides a platform, La Rosa Realty, that helps agents manage their work, from buying and selling properties to communicating with the clients. The company reported a 155 year over year increase in revenue for the first nine months of this year, reaching 51 million. It offers agents a choice between a 100% commission plan and a revenue share model. And according to the company, the plan addresses the growing demand for alternative payment methods amongst agents and clients alike. Here's what their company CEO shared this initiative may potentially create a new revenue stream for La Rosa, with the company implementing a 2% fee for agents who choose to receive payments in cryptocurrency. Interesting. So there's a 2% fee, I guess for the convenience you would think they would offer you even a discount, meaning or even get paid more for getting paid in crypto because it don't cost them nothing, but nonetheless seems they're monetizing it. But 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 oh well, the PLA. What's 2% to a Bitcoiner? Right? The platform charges agent fees starting at 60 bucks, with a transaction fee of roughly 500, typically paid to the client. Major retailers such as PayPal, Microsoft, Starbucks and McDonald's have already integrated Bitcoin payments into their platforms. By 2030, the Bitcoin payment ecosystem, which includes miners, merchants and consumers, is forecasted to reach a value of almost $2 trillion. So that's pretty wild. Now, publicly traded companies have been exploring strategies to increase their exposure to digital assets on the balance sheets. One of the latest firms is a biopharmaceutical company named Quantum Biopharma, which announced the purchase of 1 million worth of Bitcoin and other cryptos recently, three days ago. We also have Meta Planet, which we'll discuss. They just made their largest acquisition of all time. And of course, Michael Sailors. Mike, Mike, Mike. Micro Strategy, I always say. Michael Strategy has just made another acquisition as well, which we'll be covering here shortly on the stream. But there you have it. I think it's a win win. Give people the choice on how they want to get paid. To me, it makes a lot of sense. If you got paid in bitcoin and you treat that as a savings, it's only going to go up. Yeah. I mean, a lot more than the 2% fee they're going to charge you to receive it. So to me, it's a no brainer. Bitcoin goes up on an average of something like 100 per year since the inception. Yeah. So Trump finally announced the crypto counselor, this guy named Bo Hines. And I'm not gonna lie, the only Bo I know is Bo Jackson. When I was a kid, Bo, no sports. He played multiple sports. And now there's a Bow Hinds. And I'm not gonna pretend to know who he is. Never even heard of the guy before. But this is who Trump elected as the CR on the crypto council. I mean, in my opinion, he should have went with like a Michael Sailor. But I digress. Let's read the headline, trump appoints former college football player. And let me know if you've ever heard of the guy Bo Hines to head the crypto council. That's right. Trump appointed the former college football player as the executive director of his incoming administration's new Crypto council. In the post yesterday on X, he shared on True Social the U S president elect says Bo Hines, an unsuccessful U S House Republican candidate in 2022 would become the executive director of the Presidential Council of Advisors for Digital Assets. And I'm not going to read you Trump's entire post because it's kind of long, but it's referenced in the show notes below the video in the description as all my articles I get the news from are in the show. Trump added that the new advisory group dubbed the Crypto Council would be headed by the crypto and artificial intelligence czar who is David Sachs. Quoting him here. In his new role, Bo will work with David to foster innovation and growth in the digital asset space while ensuring industry leaders have the resources they need to succeed. In 2022, Heinz ran a Republican candidate for North Carolina's U S House seat, but narrowly lost to Democrat rival Wiley Nicholl. They got the funniest names these folks. Heinz, amongst several other Republican candidates received funding from the American Dream Federal Action Super Block and the pro crypto pox. And the former FTX of C CEO Ryan Salami, who currently serving a seven year prison term for crimes including unlawful contributions, reportedly contributed 13.4 million to Republican candidates, which includes Heinz. Trump also announced the appointment of former Anderson Horowitz general partner Sriram as the senior AI policy advisor for the council, quoting him here I am honored to be able to serve our country and ensure continued American leadership and AI working closely with David Sachs. There you go. The appointments reflect Trump's continued backing of the crypto industry. During his presidential campaign. Trump promised to make us the world capital of crypto, which saw him amass millions of dollars in funding from top crim crypto execs such as Winklevoss Twins. He appointed other pro crypto backers including billionaire Elon Musk serving as a key advisory role leading Operation Doge. You can't make this shit up. Yes, we are living in a simulation. On December 4, Trump nominated pro crypto businessman and former SEC commissioner Paul Atkins to the chair agency, which industry executives hope will dampen the regulators enforcement actions against the crypto industry. Adios Gensler. Go home, get your shine box. You're being replaced by the Nipinator. But anyways, next story of the day. Speaking of mass adoption here, Meta Planet just made their biggest bitcoin acquisition of all time, purchasing 620 of the bitties. That's right The Japanese investment firm Meta Planet made the largest ever bitcoin purchase, scooping up almost 620 of the biddies as the crypto now trades at roughly 92.93G baby. Meta Planet announced it today. Actually it bought 619.7 Bitcoin worth under $60 million with Bitcoin trading at around 96. It was the largest single purchase the firm has made since it started buying bitcoin back in May and nearly quadrupled the value of the previous record buy of 159.7 BTC. This episode is brought to you by Lifelock. The holidays mean more travel, more shopping, more time online and more personal info in places that could expose you to identity theft. That's why Lifelock monitors millions of data points every second. If your identity is stolen, their US based restoration specialist will fix it, guaranteed or your money back. Get more holiday fun and less holiday worry with Lifelock. Save up to 40% in your first year. Visit lifelock.com podcast terms apply October 28 According to Bitbo data, Meta Planet has been dubbed Asia's MicroStrategy, the MicroStrategy of Japan after the American buying bitcoin firm and the recent purchase brings the Tokyo based company total bitcoin holdings to 1762 bit east, worth about 168 million with an average purchase price of roughly 75,600 per BTC. The latest buy makes its bitcoin stack the 12th largest amongst public companies, behind medical tech maker Semler Scientific. Meta Planet reported that from October 1 to December 23, its bitcoin yield was 310%, considerably higher than the 41% yield from July to September. Meta Planet uses the bitcoin yield to assess the performance of his bitcoin acquisition strategy, which is intended to be accretive to shareholders. And on December 18, the Japanese investment firm projected it would turn its first operating profit since 2017. What did it do to reverse course and start getting back in the green? Put Bitcoin on the balance sheet, Bitcoin for the Treasury. Simple as that. Adding it wanted to go beyond buying Bitcoin. As part of the treasury strategy and an investor disclosure, the firm said it would establish a bitcoin accumulation and management as a formal business line, including loans, equity, convertible bonds and other financial instruments to purchase and hold bitcoin, following in the footsteps of Michael Sailor and the Sailor put. In late November, Meta Planet said it planned to raise over? 62 million, which is 9.5 billion worth of the Japanese yen, through the stock acquisition program to purchase More Bitcoin for the Treasury. Precisely what the United States is about to do. Bitcoin for the treasury. Metaplanet stock price jump 5% of the Tokyo Stock Exchange following the announcement but remains almost down 13 over the past week. Still shares from the firm surge more than 2100 this year. I repeat, if you're a publicly traded company, listen up. Their firm surged more than 2100 this year since adopting Bitcoin and since hitting the all time high of 4080 Japanese Yen. Their stock price which is roughly 26 USD on December 17th. So there you have it yo. But anyways keep comments flowing. Let's break down the latest from the Gigachad Micro Strategies latest acquisition and then the big plan Michael Saylor proposes for the United states government in 81. And I don't know why I wrote billion. I meant to say trillion. It's an 81 trillion dollar plan. So my correct correction there on the side. But anyways, next story of the day. MicroStrategy bags 5200 bitcoins at an average price of 106 GS so this is the largest or highest fiat dollar purchase they've ever made. Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin buying last week in line with the founders pledge to keep accumulating the asset at the peak prices. MicroStrategy acquired 5262 Bitcoin in the period between December 16th and the 22nd, pouring roughly 561 million into the asset. The firm officially announced today. December 23rd. And you can see Michael Saylor's post here. He always likes to flex on us. Michael. I call him Michael. Michael Strategy has acquired 5262 Bitcoin for 561 million at 106,600 per Bitcoin has achieved a Bitcoin yield of 47% year to date. 73.7%. I'm sorry, quarter to date and 73% year to date. And as of December 22nd we huddle. 444,000 Bitcoin. You nailed it. Excuse me? Acquired for $27 billion at 62,000 per biddy. That's a win. And as of December 22nd Mike, Micro Strategy and the subsidiaries together held approximately 444000 Bitcoin acquired an aggregate price of 27 billion with an average purchase price of 62, 000. The latest Bitcoin acquisition by Micro Strategy follows a series of massive Bitcoin buys in December. In the past three weeks, Micro Strategy purchased a total of 42, 000 bitties, which is now worth 4 billion. Micro Strategies latest Bitcoin buy accounts for just shy of about 12% of the total Bitcoin accumulations in December. The latest purchase is the smallest amount of Bitcoin bought and announced by MicroStrategy since June and July of 2024 when it purchased 169 Bitcoin. Well, the higher they pay, the less Bitcoin they're going to end up buying. But this wasn't a multi billion dollar acquisition like the most recent ones which we were anticipating, but nonetheless it's still a buy. The latest bitcoin investment is 191% down from the amount of the previous purchase announced December 16, 309% smaller than the one announced December 9. Now micro strategy slow down at the Bitcoin buying came amid the bitmax co founder Arthur Hayes just blazed cautioning against the market drop potentially stemming from the upcoming inauguration of the US President Mr. Trumpster. And in line with the prediction, Hay's investment fund Malcom plans to clear some positions, expecting to buy later at a lower price. Some observers also highlight the market rumor Micro Strategy may enter the blackout period January of next year right around the corner. Like what are we a week away? Which could halt the issuing of shares and convertible bonds to purchase more of the biddy. In the meantime, MicroStrategy's latest Bitcoin buy aligns with the founder Sailor pledging to continue buying Bitcoin even at the peak prices in early December. Quoting Sailor here, I am sure I will be buying Bitcoin at a million dollars per coin, probably $1 billion a day of Bitcoin at 1 million a coin. What is that a thousand Bitcoin it can purchase at a billion a day? Good Lord. But anyways, that's Michael Sailor for you. I'm just gonna be stacking the biddy like there no tomorrow because that's what Mikey Sailors do. Skies endless rise, freedom flies with open eyes ledger lines the world aligns no middle men no more confines Truth engraved in box of time Immutable, sublime A full moon bright call into a better path, a better way. Now for our feature story of the day fam. Michael Saylor floats US crypto framework with 81 trillion dollar Bitcoin reserve plan. That's right as the headline reads right here. Also Michael Saylor announced it here and he actually shares the framework. And I'm going to giving you all the highlights and what you need to know. So let's break her down, shall we? Mikey Saylor has proposed the digital Asset Framework for the United States that includes establishing a Bitcoin reserve he claims can create as much as $81 trillion for the country's treasury. Now is there that much money to go around to flow into the U.S. treasury? Yes. The total financial addressable market from my understanding is somewhere between 300 and 400 trillion dollars. So if we captured approximately a third of that, it can flow right into Bitcoin. A strategic digital asset policy can strengthen the US Dollar, he says, neutralize the national debt and position America as the global leader of the 21st century century digital economy. He shared that just recently on X, Sailor's crypto framework proposes establishing a strategic Bitcoin reserve capable of creating 16 to $81 trillion in wealth for the U. S Treasury, providing a pathway to offset the national debt. Now the million dollar question becomes do those running the United States government, you know, the shadow folk or the lizard folk as we call them, do they want that debt to go away or they financially incentivize through some sick satanic ways to not want to get rid of that debt? Debt? That's my question for you guys today. Under Sailor, Micro strategy has amassed now 444000 Bitcoin with its latest acquisition we announced in the previous story, currently worth now over $41 billion which has sent the company's stock price soaring this year. Alongside the crypto, he pitched Microsoft recently on buying Bitcoin, an idea that the shareholders killed, unfortunately. Go figure. Sailor's proposal defines six distinct categories which include digital commodities such as the biddy, digital securities, digital Currencies, digital tokens, NFTs and asset backed tokens. The framework aims to establish clear roles for the issuer, issuers, exchanges and owners, defining specific rights and responsibilities of each participant type while emphasizing no participant can lie, cheat or steal. It also provides a streamlined compliance approach and proposes compliance cost limits with a maximum of 1% of the assets under management for token issuance and 0.1% annually for the maintenance. Quoting his plan here, Digital asset regulation must prioritize efficiency and innovation over friction and bureaucracy. The proposal says, advocating for the industry led compliance rather than direct regulatory oversight. Do you hear that Mr. Gensler? It also says that the US has the opportunity to catalyze catalyze the 21st century capital market renaissance, unleashing trillions of dollars of the value creation. It aims to dramatically reduce the issuance cost from millions to thousands and expand the market across from 4,000 public companies to 40 million businesses. With an emphasis on the rapid asset issuance. Finally, the crypto framework aims to help position the US dollar as the global reserve digital currency. It also aims to expand the global digital capital markets from 2 trillion to to 280 trillion. That's a 278 trillion move up. Let's go. With U S investors capturing the majority of the wealth and by establishing a clear taxonomy, a legitimate rights based framework and practical compliance obligations, the US can lead the global digital economy. The proposal concluded. Now still serial Bitcoin detractor Peter Schiffmeister said the proposal was complete it that's right literally in response to Michael Saylor's post on X that was like the featured comment under Sailor before adding it would do the opposite, says Peter Schiffmeister. It would weaken the dollar, exasperate the national debt and make America a laughing stock. Let me know if you agree with Michael or the Peter Schiffmeister now Microstrategy is the largest corporate holder Bitcoin as you know and has an aggregate profit portfolio of 54 according to the Sailor tracker. Here's the post when he proposed this on X with the framework you can see the Shiftmeister fudding already. Sailor wrote a strategic digital asset policy can strengthen the US Dollar, neutralize the national debt and position America as the global leader of the 21st century digital economy, empowering millions of the businesses driving growth, creating trillions of dollars in value. And I'm going to open up that framework here in a second. He shared this December 20th it got 727,000 views. And look at the Peter Schiffmeister fudding. This is complete. The proposal would do the opposite. It weakened the dollar, exasperate the national debt, making America a laughingstock. It derived the business owners of the power, diminish the growth and destroy the value. They don't know about the Bitcoin strategic reserve. They don't. You don't know what you don't know. And here's the actual digital asset framework. I don't know how well you can see that on the screen. And all this will be included in the show notes below the video in the description. So I'm not going to read it all to you. I just gave you kind of. Yeah, I mean the bullet points and all the important things but you can actually download that directly from the Sailor post or just check out the show notes below the video. The description. I'll take it to the article which will lead you there. Either way, there you have it. Let me know your thoughts on that. Do you think the United States will follow the proposal of Michael Saylor. Holla and let me know and I'll read your comments out loud. Boy, Sailor has it all plotted out. He sure does. He's a genius. Look at the Nipinator. There's the indicator. We'll be back above a hundred thousand by noon time. I'm looking at my invisible watch right now. That's how we roll. 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.