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1860: Six Bitcoin Funds Set to Debut in Israel Next Week
00:32:15
Six Bitcoin funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority.
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JV
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. 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% your first year. Visit lifelock.com podcast Terms apply Welcome crypto fam to the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as well as all the breaking news. Russian companies are using Bitcoin to evade Western sanctions, according to their Finance Minister, who recently shared that in an interview. Also, Max Kaiser says Bitcoin MicroStrategy and El Salvador plus the other sovereigns are about to take 2 to 300 trillion of the US dollar based assets and transfer that into Bitcoin, sending the price action at 2.2 per coin. We'll also be discussing breaking news. Kurl Technology launches a Bitcoin treasury with a 21 million dollar purchase as well as Hong Kong stablecoins bill advances to the Legislative Council as well as Japan's Prime Minister says not ready to talk about the Bitcoin National Reserve. I'll be sharing with you this report as well as Binance Bitcoin reserves hit January levels months before Bitcoin jumped by 90% as well as breaking news, six Bitcoin funds are set to debut in Israel following regulatory approval next week. 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 crypto news alerts.net Again, that's crypto news alerts.net Today is Pod Episode 1860. I'm your host JV. It's December 26, 2024. What do we got another five days left before we put a Bow on the entire year. It's crazy to say that, but 2025 is literally right around the corner. Let's kick it off with our market watch as we do each and every day. You can see coin 360 on your screen. Bitcoin just above 96,000 at the time of the live stream down 3.4% on the day. XRP is down 6%. ETH down 4%. Salana down 5%. Just correction across the board. And checking out coin market cap.com the current crypto market cap sits at 3.32 trillion. Bitcoin market cap just shy of 1.9 trillion. We got roughly 126 billion worth of volume the past 24 hours. With a bitcoin dominance currently back on the rise. 57.2%. Ether dominance back on the decline all the way down to 12.1%. And checking out top 100 crypto gainers past 24 hours we got leading the pack up a whopping 30%, followed by Sam Bankman Freed's FTT coin, the native token of the FTX exchange, up 17% on the day, followed by OKB and Pudgy Penguins. The majority of the alts, however, as you can see, are cracking it in the red. Which alt, if any, are you bullish on? For the bull holla. And checking out crypto bubbles. We get a visual perspective on the day and survey says literally everything besides BGB and ftt. Correcting it in the red, but zooming out on the monthly to get a broader perspective. Now we're talking. Yeah, it's roughly split even. 50% in the green, 50% in the red. And checking it out, the Crypto Greed and fear index Today we rose to a 79 in extreme greed, yesterday 73, last week a 75, and last month a 79 in extreme greed. And checking out time chain Calendar we have 173,526 blocks until the next having of 2028. We're currently on block number 876,474 and you currently exchange one US monopoly dollar for 1043sats. So stack them sats and let's go. Here's the next headline, family. It reads Bitcoin bulls are back. The bitcoin derivatives data hints at a rally to 105. That's right. Bitcoin gained six and a half percent since the 92 low December 23rd, but it failed to surpass 98. That's some. I saw it surpass 99 the other day, but I digress. 1083 is the current all time high which we achieved if maybe last week. Bitcoin derivative maintained a neutral bullish stance suggesting that the sharp price volatility did not significantly impact the market sentiment. This position support with the likelihood of a sustainable rally above 105 the Bitcoin futures monthly contracts. That's right. We almost hit 100,000 on our pump watch yesterday. We were so close, only a few hundred dollars away. So it was a nice little Christmas pump. It's really started on Christmas Eve and it maintained throughout Christmas and then today we're correcting. But anyways, typically premiums ranging from 5 to 10% are considered neutral as sellers factor in the extended settlement period when setting the prices. The Bitcoin put options are trading at a 2% discount compared to the buy options consistent with the trend over the past two weeks. 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 and the whales and market makers are anticipating a potential correction. This indicator usually exceeds 6% reflecting the premium on the put options. The recent recovery in traditional financial markets also contributed to the Bitcoin rise above 98,000 as the S and P index erased most the monthly losses on December 24th. That was Christmas Eve. And additionally the US 10 year treasury yield climbed 4 and a half percent from 4 and a quarter two weeks earlier, suggesting investors are demanding the higher returns to hold the government debt. Bitcoin's upside remains constrained as investors worry about the risk of global economic stagnation. It is challenging to predict the full impact on the stock markets and real estate assets under such conditions. But currently Bitcoin's correlation with the S P is relatively high at 64%. Now the Bitcoin long to short margin ratio over at OKX is currently at a 25x in favor of the long positions. Let's go bulls. Historically, excessive confidence drives this ratio above 40x while levels below 5x favor the longs are generally considered bearish. Both Bitcoin derivatives and margin markets indicate bullish momentum despite record outflows from black rocks ishares Bitcoin trusts on December 24th and moreover the resilience shown during the retest of 925 on December 23rd reinforcing optimism about Bitcoin's potential to reach 105 and beyond. And again, 108 is the current price discovery. And before I pull up some of the live charts, here's some other breaking news and updates from Max Kaiser. This just in. Russian companies are using Bitcoin to evade Western sanctions according to the finance minister who just revealed in an interview now Max wrote Bitcoin micro Strategy El Salvador plus the other sovereigns are about to take 2 to $300 trillion of US dollar based assets and transfer that into bitcoin sending the price parabolic to 2.2 million per coin. Can you say 2.2 million in play? Let's send it and another updates Director of National Intelligence Tulsi Gabard says there's value in the U. S having its own strategic bitcoin reserve. Max responded, as I outlined in 2018, the global hash war will replace any notions of banning bitcoin. He also recently shared a rude awakening for Trump. He can't control bitcoin. When the U S buys 1 million bitcoin it will benefit countries with the least debt and the cheapest energy, primarily Russia. It'll hurt countries with the most debt like the United States and China. Imagine if Russia did a sailor did a good old sailor put. And he also shared Trump can't wave a magic bitcoin wand and make the debt go away by buying the million bitcoin. And I suspect he'll get sold on a package of defi shitcoin garbage and relive the failed project Warp speed disaster. But with the treasury and this was off the back of the news, Trump is being handed a tick and time bomb. Janet Yellen has left his administration with 7 trillion of debt to refinance in 2025 alone. And one more update to stay alive. The US will take a massive hit on its US dollar reserves. Fiat money debt imperialists die under the global bitcoin standard. Russia because it has virtually no debt, excessive cheap energy and it's the world's biggest commodity producer is best position. So there you have it. Those are the updates from the high priest. And now let's pull up some of the live charts and check out where the price action is likely to take us next. Shout out Orlando Kelly I greatly appreciate you supporting the stream by becoming a member of the Hollow gang here on the YouTube channel Respect. And shout out to all the members holding it down much. Appreciate you but here you're looking at the one hour chart. You do see a lot of targets on your screen. The most bullish Target on the one hour right now is 1076. And zooming out from the one hour, here's the four hour and we're looking at Coinbase via Trading View right now. If you're wondering which exchange, as every exchange the prices are slightly different. We also have the 1076 target on the four hour chart and we also have the rising wedgie, the only type of wedgie I enjoy. And zooming out for the one day chart, also the rising wedgie. So as you can see, bullish overall we did get that big correction, you know, earlier in the week, but nonetheless still very bullish momentum in the markets considering where we just were 30, 60, 90 days ago. Making massive strides. Zooming out on the weekly, you can see we finally had a corrective weekly candle close on Sunday, but prior to that we had like six green consecutive weekly closes since the Trump victory. As far as the election day, I believe that was November 5th. And we still have the sexy cup and handle target sitting pretty at 124 GS and taking a quick look at the monthly massive green candle close for Moonvember. And we got five days left to finish off. 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, Visit global x etf's.com the month of December and put a bow for the year heading into 2025, where do you think that monthly close and yearly close shall be? Holl at your boy. And again, welcome everyone just joining us on the live stream. What's cracking? Let's move on to our next story of the day. This is actually one of the big stories. Headline is K U L R Technology launches a Bitcoin treasury with a 21 million dollar purchase. You know what that means? That's a blackjack baby. An ace and a 10. Gotta dig it. New York Stock Exchange listed K U L R Tech Group has announced the acquisition of 217 of the bitties for approximately 21 milli marking the launch of the Bitcoin Treasury. And According to the December 26 announcement today, the purchase was made an average price of 96,6005 hundo per bitcoin. Kurl said the acquisition is the first of several planned purchases as a part of the broader strategy to allocate up to 90% of its surplus cash into bitcoin. Why so bearish? You got to go 99.9% if you're all in just saying. The company selected Coinbase prime to provide the custody and self custodial wallet service for its bitcoin and I'm curious how many of you use Coinbase Prime. It's a custodian service and also for business accounts and such. Let me know, I'm curious. In the comments, Kurl CEO Michael Moe said MicroStrategy's Bitcoin approach inspired the move following the Sailor put a He says he Mikey Sailor calls Bitcoin digital energy which really resonated with our mission because we're an energy management company for batteries and space applications are our core. Very interesting. Kurl conducted a survey to gauge shareholder support for the strategy and it was very positive. Quoting them here we received an overwhelming yes, here we are buying our first block of bitcoin, entering into the future of money. We believe the Bitcoin is the future of money. Amen. KR is among several companies that unveiled their Bitcoin treasury strategies this month of December following Bitcoin's recent milestone surpassing the 100,000 mark. December 23rd we had Canadian firm Matador Tech, which I shared on the other stream the other day disclosed the addition of Bitcoin to the balance sheet as part of the long term firm Preservation Capital strategy. The company's board approved the initial purchase of four and a half million worth of the video with plans for further acquisitions. Another firm recently added digital assets to the Treasury. That's bar biopharmaceutical company Quantum Biopharma. They announced the purchase of $1 million of Bitcoin and Japanese investment firm Meta Planet also made its largest ever bitcoin acquisition. Over the past few days you start to notice the Trend. They just bought 620 Bitcoin. This Bitcoin treasury strategy was pioneered of course by MIC Strategy, the first publicly traded company to put the biddy on the balance sheet back in 2020. MicroStrategy now holds 444000 plus Bitcoin in its treasury and it's seeking shareholder approval to expand their purchases and following through with the 2121 plan. That's a blackjack times two baby. MicroStrategy's goals to purchase an additional 42 billion worth of the biddy in the coming years. That's crazy. We envision that the future of a dynamic corporation is based on three pillars. Super intelligence through AI, Automated workforce through robotics, and future of money through btc, said the K U L R CEO. I believe the whole industry is still at the very early stage of figuring out how to tie all them together. And there you go, Crypto bros. All right, here's the latest from Hong Kong Shout out to my Hong Kong Bitcoin Dons Hong Kong Stablecoins Bill advances the Legislative Council and I'm curious how many of you have ever been to the Hong Kong Kong? I've been there on my visa run when I was living in China I spent a few days out there is actually a pretty cool location. They speak Cantonese in the mainland. It's only Mandarin and I respect the Cantonese because I studied traditional Kung fu and my Kung fu teacher and grandmaster used Cantonese as well. So it felt like home for me and it kind of reminded me of like New York City on steroids. It's actually a pretty a pretty cool place to visit Hong Kong by the way. And the dumplings were the best dumplings I've ever had in my life, so I gotta recommend it. But anyways, Hong Kong's proposed stablecoins Bill has entered the Legislative Council, moving the region closer to forming a comprehensive regulatory regime for the stable coins. December 6 the Hong Kong government published the bill in the Special Administrative Region Gazette, moving it closer to becoming law. December 18 the bill was forwarded to the Legislative Council of Hong Kong for the first reading as outlined right here. Before the bill is signed into law, it must first go through three readings which comprise of a series of debates, examinations and potential amendments. When the bill passes the third reading, it'll be forwarded to the region's chief executive who can finally sign that mofo into law. Now, according to the law firm King and Wood, Mallison's 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 midgate 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. The stablecoins bill has three key components. They include stablecoin issuer licensing and requirements specify stablecoin offering and marketing restrictions with the broader consumer protection. If the bill is signed into law, issuers of the stable coins in Hong Kong must obtain a license from the Hong Kong Monetary Authority, the region's central bank. Issuers must comply with comprehensive requirements to obtain a license. The regulator would evaluate the issuer and its controllers, resources, stable coins, reserve assets and the mechanism stabilizing its value. Only regulated entities and platforms will be allowed to offer stable coins in Hong Kong or to market them to the public. The bill provides protections for consumers that affect the various market participants, including issuers and distributors. And if the bill is enacted, Hong Kong may witness a shift in stablecoin use similar to that in Europe when the markets and the crypto asset regulations came into force December 18, research firm Kaiko and Netherlands based crypto exchange bit Vavo reported the introduction of MICA significantly shifting to the stablecoin landscape in the region. And while issuers like Tether discontinued its Europe back, stablecoin compliant issuers have thrived. By November, MICA compliance stables captured most of the market with Circle Society General or General and Banking circle stable coins holding 91 of the market share. And that was by late 2024. So there you go. Yo we discussed the latest from Hong Kong. Now here's an update from the Japanese prime Minister. That's right. According to this latest report, Japan's prime minister said the government lacks enough info about the U S and other country plans for Bitcoin strategic reserve to determine Japan should implement one. According to the December 26 report today from the local media outlet Coin Post, Prime Minister Shu Isiba I wonder if he's a sheep. Hodler said he doesn't have enough understanding of the movements by countries like the US and others regarding adopting bitcoin reserves. Well, you need to go hang out with Bukele. Come join us in bitcoin country in a couple of weeks. It is difficult for the government to express its views, he said. That's interesting. At least he's honest. The response came after a question from Satoshi Hamada, a member of the House of Counselors from the There's a satoshi in Japan. Any relation to Nakamoto? Interesting on Japan's movement of introducing bitcoin reserves that the US and other countries are proceeding with, Satoshi said, I think Japan should follow the example of the US and consider turning some of his foreign exchange reserves into crypto assets such as bitcoin. I couldn't agree more with Satoshi. And here you have it. Satoshi lives. We finally identified the guy. Whether that's Nakamoto is a Whole new question, but apparently there's quite a few satoshis out there. Ishiba said the crypto assets do not fall under the foreign exchange category. Jack Mueller's founder and CEO of Strike said Trump will likely issue the executive order on his first day, January 20th as President to designate bitcoin as a U S Reserve asset. And more recently, Congressman Eros proposed a bill in Brazil to establish the sovereign federal bitcoin reserve. You like those R's rolling off the tongue? I've been practicing. The Bill was introduced Nov. 25 and seeks the creation of a sovereign strategic bitcoin reserve known as the res bid. And on September 8, Ripple CEO Garlinghouse said it anticipates a strong demand for the Japanese yen stable coin. Quoting Garlinghouse here, people will want to hold the yen stables and I think that is only a matter of time Now. Garlinghouse said that while he finds Japan to be a conservative market in some ways, he also sees it as really healthy in other respects. He said that compared to the other countries, Japan has leaned in on offering regulatory clarity and legislation on the stables and cryptos. And there you have it, yo. So there you have it coming directly from Japan. Let me tell you something. Konichiwa. But anyways, let's continue with the news. Next story of the day, let's discuss supply shock. A very limited amount of bitcoin to go around right now. Headline reads finance bitcoin reserves hit January levels months before the Biddy jumped by 90%. And then we'll dive into the feature story of the 6 Bitcoin fund set to debut in Israel next week. So yeah, bitcoin reserves on finance, the world's largest exchange has dropped to levels not seen since January of this year, two months before the video price skyrocketed 90% in March. That's right. If bitcoin follows the same pattern with the current price of 986, it would mean 187,500 price in a matter of months. Send it the binance. Bitcoin reserves recently dipped below 570 570,000 bitcoin, the lowest level since January according to crypto quant. And when the exchange reserves decline, this typically signals that the investors are moving the bitty into the cold storage and are bullish. 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 learnmore about its long term price prospects. Binance's reserves dropped to a similar level in January and two months later March 13 Bitcoin surged to 73G's baby, marking the all time high. And when periods of withdrawals occur it often is a sign of the positive momentum building in the market. Now Bitcoin dominance currently stands at 58.4%, just below the critical 60 level and some analysts say 60% level could signal the wider rotation towards the other crypto cryptos August 18th the CryptoVerse founder said he believed bitcoin will make that final move towards 60 no later than December, which it ended up tapping just two months later October 30 Meanwhile, Bitcoin struggled to hold above the psychological level of 100g since first breaking it December 4th. Get your facts straight Cointelegraph Bitcoin's price has been trading under a hundred thousand marks since December 19th after reaching a new high of108.3, which is the current price discovery mode achieved December 17th. And according to the Bitget research analyst Ryan Lee, Bitcoin's price may exceed 105G's baby once liquidity returns after the Christmas holidays. Bitcoin is currently down on a downtrend, a typical symptom of the holiday illiquidity posting them here, quoting them post. Christmas market activity typically picks up again with the funds expected to act to actively positioned for the sector that might benefit from the Trump upcoming inauguration. The expected trading range for the biddy this week 94 to 105. And there you have it yo. Now for our feature story of the day. Six Bitcoin funds are set to debut in Israel following regulatory approval next week. So let's break this down as the global hash wars continue. Fam6 Bitcoin track and funds are set to launch in Israel next week following the recent approval from the Israel Securities Authority. And according to the local media reports, the funds will mirror Bitcoin's price movements through various indexes and strategies that will be available for purchase of the banks and investment firms officially starting December 31, meaning only five days away. Some of the new funds will track the ETF's launch in the US such as Black Rock's iBit. One of the funds will actively manage to beat the crypto's performance will be actively managed to beat that says Let me rephrase that. And as of Christmas yesterday, the combined market cap of all the Bitcoin ETFs is currently 143 billion. Now that's mind boggling because the spot ETFs did not go live in the US until January 11th. So in less than a year they have attained $143 billion of combined market cap, which is mind boggling. It already surpassed the market cap of the ETFs in gold and gold has been around in ETS for 19 years. So Bitcoin just achieved in less than one year what took gold 19 years to achieve. And behind the funds are the mutual fund managers in Israel, which is Phoenix Investment, IBI, Kessum, MetAV, more Ion and Mid Migdal. Management fees will range from a quarter percent to one and a half to back to a quarter. Now, the green light from the regulators was granted just weeks after two years of requests from asset managers. The funds will allow the local investors to get exposure to the biddy via Israel's fiat currency, the Shekel, and initially buy and sell orders will be executed once a day reflecting Bitcoin's price at the moment Moment quoting the report. For years now as an investment house we have been trying to join the digital currency sector. We launched a mutual fund that deals with the companies in the field, recognizing that their prices derive from changes in digital currencies. He shared and since May, Israel has been working on the development of its central bank digital currency. Boo. We all know as the CBDCs the digital shekel through a new initiative called the Digital Shekel Challenge. Hilarious. The project invites participants to develop real time payment systems using digital shekels, with the bank of Israel providing a sandbox environment for the testing. One of the Israel's key goals with the CBDC project is to enhance competition with the local banks. While there is a public support for the project, concerns over privacy has been raised in the country. Yeah, here's the thing, just say no to CBDs. It's ultimately digital fiat and it's programmable by the central bankers. Definitely not a good look. Trump promises to never allow CBDCs in the United States, but I believe it's a part of the agenda and they're eventually going to do it, but you shall not participate in it. And that's why we have Bitcoin. Bitcoin's the antidote to the central bank digital currencies and it's the polar opposite. Everything bitcoin stands for. CBDCS does the opposite of CBDCs is controlled by the state. Bitcoin separates money from the state. CBDCs, obviously, they're heavily controlled. They can be programmed by forces of evil and the lizard folk. Bitcoin, it's immutable. Nobody can change it. There's a finite limited supply cbdc, digital Shekel, you know, digital whatever, dollars, etc. They can print infinity. You I mean, just like the Ethereum Max supply is the infinity sign. The same thing with the CBDCs. So just say no. The CBDCs. Just say yes to the VI and that's it. And welcome everyone, to the live stream. This is the Q A segment of the podcast. 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.