← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
1859: “US Strategic Bitcoin Reserve Will Send Bitcoin to $42.3 Million”
00:32:08
Matthew Sigel, the head of digital assets research at exchange-traded fund (ETF) provider VanEck says a US Bitcoin reserve could slash the national debt with the Bitcoin price increasing to $42.3 million a coin by 2049.
Loading summary
Transcript17 lines
- [00:01]
Adrian
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.
- [00:26]
Brittany
This episode is brought to you by Dutch Bros. Big smiles, rocking tunes and epic drinks. Dutch Bros. Is all about you. Choose from a variety of customizable handcrafted beverages like our Rebel energy drinks, coffees, teas and more. Download the Dutch Bros app for a free medium drink plus find your nearest shop, order ahead and start earning rewards offer valid for new app users only. Free medium drink Reward upon registration. 14 day expiration terms apply.
- [00:54]
JV
See DutchBros.com Merry Merry Christmas Today is December 25, 2024. I'll be breaking down everything you need to know in the headlines, including the latest Bitcoin technical analysis Christmas Pump Just in time. We'll also be discussing breaking news of Russia being free to use Bitcoin in foreign trade according to their very own Finance Minister. This is pretty big news. We'll also be Discussing BlackRock's Bitcoin ETF sees record outflow as funds bleed one and a half billion dollars in the past four days. We'll also be discussing a little known Canadian crypto firm Madador adds Bitcoin to the books as well as micro strategy call shareholders meeting to fund more Bitcoin purchases and boost its Bitcoin 2121 plan. We'll also be discussing crypto quant CEO says using strategic Bitcoin reserve to offset the US debt is feasible and calls the approach practical. And Speaking of that, US Bitcoin Reserve can slash the national debt by 35% by 2049 according to asset management giant Vaneck. Sending the Bitcoin price parabolic the $42.3 million per coin whilst we 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 crypto news alerts again, that's crypto news alerts.net is pod episode 1859 I'm your host JV again. It's Christmas December 25th of 2024. Six days left to put a bow on the 2024 year before we enter the dragging of 2025. So you already know. But anyways, fam, let's kick it off with our market watch. We do each and every day. As you can see on the screen. Oh, we're back above 99g, baby. ETH is correcting BNB in Tron in the green and Saul in the green. I ain't talking about my uncle Saul either. And checking out the crypto greed and fear index. I'm sorry, first, let's go coin market cap. The current market cap is 128 billion. Let me make sure I'm looking at. Let me get a refresh. That don't Sound right. It's 3.43 trillion. I guess I read out the volume prematurely there for the past 24 hours. The Bitcoin market cap is fast approaching 2 trillion at 1.958. And yeah, 117 billion worth of volume. We have have 56.9% Bitcoin dominance. Ether dominance still at 12.2%. And checking out top 100 crypto gainers past 24 hours. We got move, we got BGB and we got GT which also, if any, for the bull. Are you bullish on Holla. And checking out the crypto bubbles, we get a visual perspective on the day. As you can see, the majority of the alts are actually in red. And zooming out on the month. Yeah, I'd say maybe 65 to 35 red over green. And checking out the crypto G for index 73, I thought we'd boost even higher considering yesterday we had a massive pump. But hey, yesterday 73, last week in 81 and last month in 82. In extreme greed. And checking out the time chain calendar, you can currently exchange one fiat monopoly dollar for 1010sats. 1010. Look at that omen Chandy. That's a beautiful number right there. 1010. Whoa. Anyways, we're on block height 876. 332. And there you have it. Crypto bros. And everyone just joining us here, let's get it. Bitcoin boring through Christmas time says Laser Cat. If you call 100G Bitcoin boring, JB doesn't have any. Exactly. I lost it all. Do you prefer the bitcoin or the alts? S smart. Is that even a question? Number 11. Yay. Exactly. An number 11 for the win. Elevens and tens. That's a blackjack, baby. Merry Christmas, fam. Merry Christmas. Good to have you here. Divine Zeus brings the biddy to the fastest chain of the globe says Laser Cat Laser Cat stacking a sets you already know. And again holiday here today. So Merry Christmas family. Honored to have you guys here on your special day. Again, anyone who reposts, comments or quotes the stream gets posted in real time and shout it out. Adam Taylor thank you. Merry Christmas to you and to the fam as well. I know I'm streaming a little earlier than normal, like an hour earlier, so I appreciate you guys being here. Hence the importance of having notifications turned on family. But anyways keep comments flowing. There's a live and interactive stream already 400 people here. Merry Christmas. I'm going to share all the relevant headlines you need to know. But first let's dive into today's technical analysis, AKA Astrology for the brewskis and we'll pull up some of the live charts.
- [05:58]
Derek
This episode is brought to you by Global X. Since 2008, Global X ETFs has been committed to empowering investors with unexplored intelligence solutions. Global X specializes in exchange traded funds that offer exposure to the artificial intelligence ecosystem, including themes like data centers, robotics, semiconductors and cloud computing. To learn more about Global X's entire suite of ETFs from covered calls, fixed income, emerging markets and more more, Visit.
- [06:24]
JV
Global X etf's.com Bitcoin analyst eye recovery to 105 but ETF lows are stagnant. That's right, Bitcoin analysts are eyeing an imminent Bitcoin recovery above 100. GS were less than a thousand away at the time of the live stream, despite the lack of institutional buying power due to the holidays. Well, I think they're also closed on the holidays. Correct me if I'm wrong, that's traditional legacy system for you. Bitcoin's price has been trading under the psychological $100,000 mark since December 19, currently down 10% from the all time high which is 1083 recorded on according to I believe it was Coinbase. We saw that price action when we did our pump watch. Still, the bitcoin price may experience a Correction and exceed 105 once Liquid liquidity returns after Christmas, according to Ryan Lee over at bit. He says bitcoin's current downtrend is an organic symptom of the holiday illiquidity. Post Christmas market activity typically picks up again with the funds expected to actively position for the sectors that might benefit from from Trump's upcoming inauguration January 20th. The expected trading range for Bitcoin this week is 94 to 105. So we're roughly six GS shy of that target. The analyst's prediction comes nearly a month ahead of the Trump presidential inauguration on January 20, which is considered a positive event for crypto regulation in the US and in overall economic policy leading up to 2028. And while Bitcoin is expected to recapture six figure price tag, its current price action remains limited by the slump of the US Bitcoin etf' Recently they've had a lot of outflows. I'll actually dive deeper into this in the latest from ibit, which is the Black Rock etf. But what I actually want to share with you now is pull up some of the live charts and we'll take a look at where we're currently at live and in the flesh. This is brought to you via Trading View via Coinbase. As you can see, we're back above 99,000. I got 99 problems. Bitcoin ain't one hit me and you can see there's a bullish pennant formation sensation. We do have a target sitting at 107 on the one hour chart. So 107 in play and zooming out. We'll check out the four hour four hour says. Also a rising wedge. Also a very bullish target of 107. Similar to the one hour. Zooming out from the four hour. Check out the Daily. You're going to see a massive green candle printed yesterday. We're already printing another green candle here today. The day is still young. Merry Christmas. I'm rocking the young Jersey. Ironic enough. Number 11 for the win. 1111, 1110. That's a blackjack baby. Rising wedge, rising Wedg. Welcome those types of wedgies. And you already know zooming out from the daily. We take a quick look at the weekly and the weekly says bullish jv bullish Nipinator, bullish Santa. And there's a cup and handle target of 100. 124. Will we likely still hit this target before the end of the year? Hey, typically year of the having final week of the year is bullish. I think we get the next leg up. Will we hit 124? There's no telling. Janet Yellen, your guess is as good as mine, but anything's possible so keep that in mind. And zooming out from the weekly, we'll scope out the monthly. As you can see, we had a lot of green bullish momentum this year. Only a few corrective red candles for the monthly and last month was our biggest green monthly close of all time. Bitcoin price action went from the 60 range to, you know, 108 where we're at. And we're starting to print another, you know, green here in December. But let me know how you feel. We'll likely wrap up the rest of the year again. There's only six days left until 2025. Next story. We got done with the TA. This was actually the most trending headline on crypto Twitter today. I guess we can now reference as Crypto X. But nonetheless, big news coming out of Russia. The headline here reads Russia is free to use Bitcoin in foreign trade and that's according to their own Finance Minister. That's right. Russia has been actively experimenting with digital financial assets and foreign trade in line with country's legislation, according to the senior government official. Russian Finance Minister Ant discussed the US Dollar alternatives for international trade in an interview on the state owned news channel Russia 24 and that was as of today. So this is breaking news. He said the Russian government has passed legislation authorizing foreign trades in DFAs and Bitcoin and according to the minister, such foreign trade transactions have already been in use and Russia plans to develop and scale that further. In the interview he said in the present circumstances, implementing the DFAS and foreign trade as an alternative to the US dollar is quite understandable and it enables the use of modern infrastructure. It's an innovation in the global settlement system that is the future preach. He also said Russia is free to use digital financial assets, including the bitty in foreign trade in line with the experimental legal regime which came into for September of 2024. He also shared we can pay for the delivery of goods with digital financial assets. It is also possible to use Bitcoin which we mined here in the Russian Federation within the experimental regime. The Finance Minister mentioned that the Russia.
- [11:30]
Evelyn
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.
- [11:41]
Derek
Help.
- [11:41]
Evelyn
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 legalizing mining earlier in the year.
- [12:02]
JV
That is why transactions are going we say they need to be developed and expanded and I am sure that the next year it'll become a reality. His latest remarks on the FDA's and Bitcoin come a few weeks after Finance Minister urged the public to stay away from crypto investments back in November. Quoting them here. This was from November 6th. Some people see crypto as a source of quick money. I don't recommend it as a means of investment. Let's not get it twisted. A lot of crypto is a means for quick money. A great example was the Hawk TUA coin launch meme scam. Within 24 hours went from 500 million dollar market cap to virtually nothing and everyone got rugged and lost their money. But bitcoin is different so you got to keep that in mind. You already know the FUD out there, but definitely not today. There's plenty of other ways to invest and make good money. Yeah, it's called hodling and dollar cross average the bidding but at the time of the warning Bitcoin was hitting all time highs above 76 heading towards the historic milestone. Notice they were fighting it during like the biggest ramp up parabolic rally of the year. That's crazy how that is. But I don't think it's a coincidence. I think governments know and they try to suppress the prices but they can only suppress it so much. And I think the game theory is in play and everyone wants to buy the biddy on the low. Think about it this way. Who's incentivized to buy Bitcoin at a lower dollar amount? All the whales. Blackrock, you know, Fidelity Micro Strategy, Ark Invest, you name it. Nation states. But Russia officially recognized Bitcoin as a digital financial asset as part of the bill on digital financial assets back in 2021, providing DFAs with the legal status. The law banned their uses of payment within the country, but it looks like everything has turned 180 next story of the day. Here's the Latest with the ETFs and Black Rock. Ibid. Check it Black Rock's Bitcoin ETF saw its largest ever single day outflow as the Bitcoin funds notched a fourth straight trading day of outflow totaling more than one and a half billion dollars. Black Rock's Ibid. Hit 188 million in outflows yesterday Christmas Eve surpassing the previous record of 72 million set December 20th. All 12 United States spot Bitcoin ETF saw the total outflows hit 338 million Christmas Eve and since the 19th the funds have seen joint net outflows of 1.5 billion. The Fidelity wise origin Bitcoin fund and ARC 21 shares Bitcoin ETF also saw respective Christmas Eve outflows of 83 mil and 75 mil while the Bitwise Bitcoin ETF was the only one to see an inflow hitting eight and a half million. Meanwhile, the ether ETFs experienced two consecutive days of inflows leading into Christmas U s spot ether ETFs continue their momentum with the second day of inflows Christmas Eve, adding 53 million after 130 million of inflows the day prior December 23rd. Now launched in July, the Ether funds had a slow start compared to the strong early momentum of that of the Bitcoin ETFs which we saw back when they launched January 11th. And since late November, the Ether ETFs have gained traction, having seen an 18 day inflow streak that was just recently broken on December 18th. Bitcoin's currently trading at 99,000. At the time of this live stream we've corrected all the way down to 92, so we're having a nice recovery. Looking to retest 100,000 any moment net at ass assets and US Bitcoin ES surpassed the gold funds for the first time December 16, according to K33 research. And let that one sink in because the gold ETFs have been around for almost two decades, I think 19 years. The Bitcoin ETF just launched this year and already blew past it. It's mindboggling the most successful ETF of all time. And December 16th, U.S. bitcoin funds collectively broke 129 billion in assets under management. Damn. So literally in 11 months, 129 billion. That's unheard of, surpassing U.S. gold E test, which held just shy of that figure, according to K33 Research. The assets under management figure include spot Bitcoin ETFs as well as the ETFs that track the bitcoin performance using financial derivatives such as futures, according to the Bloomberg analyst Eric Bal Chun as Now let's discuss a little known Canadian crypto firm Matador adds the bitty to the books. Let's go. Canadian real world asset tokenization firm Matador Tech has become the latest company to incorporate the video into the Treasury. Bitcoin for the treasury is a win. The firm said Dec. 23 that the board of directors unanimously approved adding Bitcoin and US Dollar denominated assets to the balance sheet as part of what it called the Long Term Capital Preservation Strategy. Matador said it had identified risks associated with the current treasury, primarily denominated in the Canadian dollars, quitting them here. Canada's reliance on oil exports and its rising national debt raises concerns about potential devaluation and loss. A purchasing power of Canadian demonetized or denominated assets. Matador said it plans to front load an initial allocation of 4 and a half milli into the biddy okay, I.
- [17:02]
Adrian
Have to tell you, I was just looking on ebay where I go for all kinds of things I love.
- [17:06]
JV
And there it was, that hologram trading card. One of the rarest. The last one I needed for my set.
- [17:11]
Derek
Shiny like the designer handbag of my dreams. One of a kind. Ebay had it and now everyone's asking oh, where'd you get your windshield wipers?
- [17:20]
JV
Ebay has all the parts that fit my car. No more annoying, just beautiful.
- [17:27]
Adrian
Whatever you love, find it on eBay.
- [17:29]
JV
EBay Things people love in December and we'll continue to explore additional purchases at the board level via measured buying programs. It also plans to convert the majority of its cash balance sheet from Canadian dollars to US Dollars. Sunny Ray, the president of Matador, added the following Matador's board and management believe in using the Bitty to future proof our Treasury. This step also supports our mission to explore using Bitty as a platform for our gold based products. The company said that a Bitcoin treasury would support the development of the launch of the Digital Gold platform next year. The platform is a blockchain based system that will enable the users to buy, trade and store tokenized gold back by physical reserves. Here's their product road map you can see on your screen and their latest slew of the companies. They have added Bitcoin to their balance sheet as a strategic reserve in recent months. As we announced here in the stream December 20, biopharmaceutical company Quantum Biopharma disclosed the purchase of 1 million worth of Bitcoin for their Treasury. And in late November, Canadian wellness firm Jiva Tech approved the plan to add a millie to the Bitcoin as a Treasury as well and did a video sharing platform Rumble, which approved a strategy of allocating up to 20 million of the company's excess cash reserves into the Bitcoin to the Micro Strategy. Their Update on the 2121 plan and continuing to buy Bitcoin and then we'll dive into a very bullish VANECK prediction of $42 million bitcoin price. And then we'll tap into some live Q and A and we're only 800 away from recapturing 100 GS here on Christmas Day. So we'll flip it into a pump watch and celebrate together. So here we go. Next headline Mike Mike Micro Strategy calls the shareholders meeting to fund more Bitcoin purchases Get Damn right it's going up forever. Laura software company MicroStrategy has called the special shareholders meeting to expand its equity issuance plan and purchase more of the bitcoin. Well, Microsoft done messed up just leaves more bitties on the table for the micro strategy of Mikey Sailor. And According to the December 23 proxy filing with the US SEC, the company is seeking permission. We need permission to increase the number of authorized shares for both class A common stock and prefer stock, giving it more flexibility to issue the additional shares as needed. The first amendment seeks to raise the authorized class A common stock from 330 million shares to 10.33 billion shares. And while the Second Amendment aims to increase the authorized preferred stock from 5 billion shares to over a billion shares shares and behind the proposals is MicroStrategy's 2121 plan. That's a divine number. Want to know why 21 it's a 10 and 11. It's a blackjack baby hitman. Now disclose in October, a very special month I would say. The plan outlined the company's goal of purchasing an additional $42 billion worth of Bitcoin over the next 36 months. It involves raising 21 Bitcoin billion through the equity sales and another 21 billion via the fixed income securities. And according to the filing from MicroStrategy, the proposals of 1 and 2 for this special meeting request an increase in the authorized shares of the capital stock of the company to support the further implementation of our 2121 plan in the future market activity more generally, as well as the corporate purposes. If you feel my drift, my spin drift that is. The company has been acquiring the Biddy regularly since 2020 and has intensified their purchasing since the plan was announced. And of course, if you announce the plan and you tell the rest of the world what you're doing, you better accelerate your plan. Game theory in full effect and during December alone, it bought 42, 000 Bitcoin just this month. In the past three weeks, that's over 4 billion worth of the biddy. And at the end of October, MicroStrategy reported the Bitcoin yield was 17.8% with plans to achieve an annual yield of 6 to 10% between 2025 and 2027. And since then it reportedly raised 13 billion through the stock issuance and 3 billion through the convertible bond offerings. We have been executing our 2121 plan significantly faster than originally anticipated. And as of December 22nd, the company and subsidiaries collectively owned about 444,262 bitties worth around 43.5 billion. The coins were acquired for a total of 27 billion resulting in an average purchase price of 62 G's. So they're up almost like. Almost. I said a hundred percent. Not too shabby man. And you can see the microstrategy tracker now holding 444000 Bitcoin. This is a typo on the website. They always mess things up so thank God you guys got me here. Imagine if they really did own 444 million bitcoin. We'd all be out of luck. Something would be wrong with that code. The company's stock on the NASDAQ's up 422. Speaking of 420happy 420broskis largely attributed to the bitcoin strategy. The date of the special shareholder meeting was not made public and in the next earnings report scheduled February 2nd of 2025.
- [22:34]
Frank
Looking for a pickup truck to get just about anything done? Look no further. The Chevy Silverado EV isn't just the most powerful Silverado ever with next level towing capability and technology. It also offers game changing versatility with the available multiflex mid gate and tailgate. Which means Silverado EV helps you carry large, bulky and oddly shaped items up to nearly 11ft in length. Chevrolet together. Let's drive. Visit Chevrolet.com to learn more.
- [23:02]
JV
And just like that, there you go. Crypto bros. Now for our feature story of the day. Crypto quant CEO says using strategic bitcoin reserve to offset the U. S debt is feasible and calls the approach practical. Also U. S Bitcoin reserve could slash the national debt by up to 35 by the year 2049 according to major asset management giant Vaneck. And they say this will increase the bitcoin price to 42.3 million per coin. As you can see on your screen. 42.3 million. Ultimately it's going up forever Laura. But let's first start here. Crypto quantum thinks the national strategic bitcoin reserve could offset the U S debt. I think so as well. He shared on X that 790 billion in realized capital inflows have ballooned the bidding market cap to 2 trillion over the past 15 years. This year alone, 352 billion of inflows have added 1 trillion to the market cap. However, using a pumpable asset like the biddy to offset the dollar denominated debt rather than gold or dollars could make gaining creditors consensus challenging. For bitcoin to achieve the market acceptance, bitcoin must attain global nationwide authority on par with gold Establishing a strategic bitcoin reserve could serve as a symbolic first step. Amen. And with 70% of the US debt held domestically, offsetting 36% of it by acquiring 1 million Bitcoin by 2050 becomes feasible. If the US government designates Bitcoin as a strategic asset, which becomes the million dollar question on everyone's mind. Will Trump do what he said he is going to do and make bitcoin a strategic reserve asset and stack the biddy for the U. S. Treasury? Holla, let me know. The crypto quant CEO adds that 30 of the debt held by the foreign entities might resist that approach. But he argues that the strategy remains practical nonetheless. If the consensus is reached on the bitcoin status, achieving this is entirely possible. The only risk would be the old whales dumping the biddy to attack the U.S. however, if governments continue accumulating Biddy until 2050 and it keeps rising the price of the biddy, I doubt they would actually dump it. That's right. You'd get a situation like Germany, which is probably idiotic, moronic move of the century, they dump bitcoin at like 50,000. Two months later it's a hundred and they lost billions. Let that be an example, Trump. Don't let it happen for the US Now. Yeah, we gotta stockpile the biddy. Matthew Siegel, the head of the digital asset research over at Vaneck, initially outline how the strategic bitcoin reserve would offset the U. S debt. Quoting him here, assume the U. S. Treasury starts buying 1 million Bitcoin over 5 years at a starting price of 200 GS baby. And assume the U. S debt grows at 5% versus the last 10 years, 8% compounded annual growth rate and all of a sudden the biddy price compounds at 25. And in such a scenario, the U. S Strategic bitcoin reserve would hold assets equivalent to 36,6% of the debt by 2050. So if the US truly wants to reduce the debt, this is the go to play in that scenario. Bitcoin would be 42 million per coin. The same as Michael Sailor's target, coincidentally. And the market cap would be 18% of global financial assets. And ironically speaking of 42 million, Sailor recently announced that he's purchasing $42 billion worth of Bitcoin for microstrategy over the course of the upcoming years. They're looking to control 5% of the circulating supply already control over 2%. Mind boggling, eh? But even at a 15 compound annual rate growth, bitcoin stash would still be quite valuable as A little bonus. Let me dive a little deeper into the Vaneck prediction because to me that sounds fantastical. 42.3 million per biddy. Now this is right in alignment with Senator Cynthia Lummis his proposal, which she shared on stage right after Trump spoke in Nashville. And that was creating a strategic stockpile of the Bitcoin for 1 of 1 million. And I believe the bill has already been written. It's just a matter of Trump signing it. Hopefully he does it day one and don't waste no time when he hits office here in the U. S and he fires Gensler and says, go hit the road Jack and don't you come back no more. But anyways, Vanek says the reserve could represent an estimated 35 of the national debt by 2049, offsetting 42 trillion of liabilities. And Matthew Siegel over there at Vaneck also, you know, made some very bullish predictions, which is they came up with the price rising to 42.3 million per coin by the year 2049. Let me know if you can potentially foresee that. And shout out to the strike founder Jack Mahlers and all my bitcoin ballers. You know how we do. But anyways, fam, there you have it. That's why I wanted to share with you. Let me know your thoughts surrounding the next 42 million dollar Bitcoin price. And what do you think that will become a reality? Holla at your boy and welcome everyone to the Q A segment of the live stream. Over 1300 people here. Merry Christmas. Good to have you guys here with us. Cheers. Thanks to those who are doing the work today. Hopefully still hanging with the friends in the fam. Exactly, exactly. So here's what we're gonna do. We're gonna keep the stream running today on x rumble and YouTube. We're gonna play a brand new track and we're gonna switch it over to the pump watch 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.