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1861: Bitcoin Will Hit $1,000,000 In 2025 If This Happens
00:34:05
The possibility of Bitcoin reaching the coveted $1 million milestone hinges primarily on one crucial factor - the establishment of a U.S. government strategic Bitcoin reserve.
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- [00:01]
Sponsor Voice
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- [00:31]
JV
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.
- [00:41]
Max Keiser
Shiny like the designer handbag of my dreams.
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JV
One of a kind.
- [00:44]
Max Keiser
Ebay had it and now everyone's asking, ooh, where'd you get your windshield wipers?
- [00:50]
JV
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 Happy TGIF welcome fam to the number one daily Bitcoin pod. In today's show I'll be sharing the latest bitcoin technical analysis as well as breaking news. Ethiopia uses its Grand Renaissance Dam to power the bitcoin mining, generating 18 of its electricity revenue and earning $1 billion just last year. And Max Kaiser reiterates bitcoin in play. 2.2 million. Send it. We'll also be discussing post Christmas miracle as Bitcoin ETFs clinch inflows after four day bleed. We'll also be discussing the vote to use the Black Rock bu IDL as back an asset for frack Stablecoin goes live. Robert Kaki shares some great insights regarding Larry Fink and Black Rock. I'm sure to share this one with you as well as bitwise files for the ETF tracking firms with big bitcoin treasuries as well as a trump link strive files for a Bitcoin bond etf. Also breaking news, I'll be sharing when Bitcoin is likely to smash a million dollars next year. If this one catalyst occurs. 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. Again, that's crypto news alerts.net today is pod episode number 1861. I'm your host JV happy TGIF it is Friday December 27, 2024. Four days left until 2024 is in the rear view so make use of it fam and stack them sats Great BTFD opportunity. More than likely we'll continue with a little weekend correction. So a great time to be stacking the sats before we continue to pump into the new year. 2025 is here right around the Kona. But anyways let's kick it off with our market watches we do each and every day. Pulling up coin360 on the screen, bitty down 1 1/2% just under 95 GS we have ether in the green, BNB in the green, TRON in the green, XRP in a green but barely in a green and checking out coinmarketcap.com the current crypto market cap is sitting at a 3.31 trillion in the crowd is going wild and Bitcoin market cap 1.869 truly and volume 133 billion in the past 24 hours up 5.55% on the day. Bitcoin dominance 56.7% with Ether dominance 12.2%. Checking out top 100 crypto gainers past 24 hours we got virtual BGB and Leo Dow. Which alts if any of the alts are you bullish on for the bull Holy J to Danger Mouse V in the building today we've resurrected him caffeinated JV and here you got the crypto bubbles. Looks like I'd 60% of the market in the green 40 on the red and checking out the crypto greed and fear index today is 74. I love sevens and fours. You add the numbers up, it's an 11. Can't complain. But anyways, yesterday was a 79 extreme greed last week at 74 and last month at 75. In greed and checking out the time chain calendar. Satoshi referred to it as the time chain. Blockchain was actually a propaganda term. Birth after satoshi. And for those that don't know, now you know. And you're looking at the time chain calendar right now. We're currently on block number 876, 616. We have 173, 384 blocks until the next having of 2028 and you currently exchange one fiat dollar for 158 Satoshi. So stack them sats, stack them sats and stack them sats. Let's dive into a little technical analysis aka astrology for the brosis and we'll pull up some of the live charts, shall we? Bitcoin unfaz by the 14 billion option expiry setting 110,000 bitcoin price target which would enter the price discovery right now 10 the all time high which we achieved like a week week two or go. Bitcoin price remains resilient despite the last options expiry of the year which threaten a significant correction below the 85 level and over 14 billion worth of IBID options expired at 8am here on December 27th with a Max Payne point of 85 which indicates the price at which most options contracts would be expired worthless. The market experienced a total of the 18 billion worth of the bitty and ether options exp. According to Derit, quoting them here. With the market heavily leveraged to the upside, any significant downside move could trigger the rapid snowball effect. All eyes on this expiry to the Define the narrative heading into the new year 2025. Bitcoin remain resilient despite the options expiry peaking above 97, 3 and 1 hour after last year's options expiry event or after the year's last options expiry event as per the data here on the one day chart and I'll be pulling up some of the live charts.
- [06:00]
Gemini Voice
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.
- [06:24]
JV
Live here in a moment. Based on the Bitcoin correlation with the Global Liquidity Index, Bitcoin can peak at a local top above 110,000 January before the potential correction. Let me know if you agree. Disagg the US Bobby going ETFs ended their losing streak on the day after Christmas December 26th. The Bitcoin ETS received over damn, almost a half a billion worth of the net positive inflows. As you can see right here, the Bitcoin ETFs have been a significant part of the Bitcoin rally. During this year the US bought ETFs accounted for about 75 of the new investment into the biddy, pushing the price past the fifty thousand dollar mark February 15th. In fact, I think it was February 12th, the day after my birthday. Correct me if I'm wrong, Oracle. However, Bitcoin faces a significant resistance at 98 a potential rally above this low will liquidate 885 million worth of the leverage short positions across the exchanges. Well, let's wreck them Bears. Let's go. The end of the Christmas holidays could see more institutional liquidity return, some of it in the form of the ETF inflows to return liquidity can help push the B back above 105 quoting Ryan Lee, Chief Analyst a bit post Christmas market activity typically picks up again with the funds expected to actively position for the sector that might benefit the Trump coming on the inauguration coming up on January 20th. And in breaking news, Ethiopia uses the Grand Renaissance Damn to power the Bitcoin mining generating 18 electricity revenue earning a billion for the last year. And as you know, Russia also announced I shared that in the podcast a few months back they were opening like a bitcoin mining hub in Ethiopia. Well obviously when you can use Renaissance dams to power your mining animal, sounds as good as Bukele's volcano energy to stack Vidi. Just saying. And Max reiterates, 2.2 million in play. Are you ready? Anon and talking about laser eyes, those are the laser bitties. Big old bitties, isn't it? Dankness. And I'm calling you out, you motorboat and son of a. But anyways, okay, now for some live charts. Are you not entertained? Now for some live charts. Okay, you're looking at the 1 hour Bitcoin chart via Coinbase right here. We do have a bull target sitting at 176. Zooming out from the one hour. We're gonna check out a four hour. Four hour chart also has that bull target of 1076. And zooming out from the four hour, take a quick look at a one day. The one day chart says we're going up forever. Laura. Okay, corrective days, past couple of days. All good in the hood still, you know we're floating above 94. Not too shabby considering where we started the beginning of the year. And zooming out on the daily, we check out the weekly still have the sexy cup and handle target still sitting Purdy at 124CUP and handle baby. And as you know Sunday we'll get the final weekly close for the year and we get the annual close here in roughly four days. So you already know. And zooming out from the weekly, we check out the monthly and the monthly shows. Moonvember was the best most appreciating bitcoin gain we have had since the inception of the Genesis block. December currently a little itty bitty in the red but we still got a few days to prevail. Where do you think the Bitcoin price action will likely lead us before the end of the year? Holla at your boy. Do you think the alltime high for this year the peak is in at 1083? Or do you think we retest this mofo? Let me know. Don't be a stranger. Let's dive into our next story of the day, eh? Here's the Latest with Bitcoin ETFs post Christmas miracle as they say as the biddy ETFs clinch inflows after the four day bleed. That time of the month for the B U S ETF saw net inflows the day after Christmas stemming four hour trading day run of outflows totaling one and a half billion. The 11 ETFs a divine number and they launched on the 11th. That's at 1111. The 11 ETFs together saw net inflows of 475 million December 26th led by 254 million. Whether the flows for the Fidelity Wise Origin bitcoin fund, the ARC21 shares Bitcoin ETF followed the 186 million of the inflows while the Black Rock Ibit took 56 milli grayscales mini Bitcoin ETF and Van Eck ETFs also so more modest inflows of 7 million and 2 million respectively. U S markets closed on December 25th. Guess what didn't close Bitcoin open 24. 7 even on the holidays. So the inflows follow four straight trading days. Of the total net outflows from the ETS between December 19th and the 24th totaling one and a half billion dollars. IBIT saw the largest single day net outflow of all time of 188 million December 24th Christmas Eve, more than doubling its previous record of 72 million. And obviously Blackrock is manipulating the market and we're going to get into Robert Kiyosaki's two satoshis in a little bit. He actually calls them out and I couldn't agree more. But anyways it comes as Bitcoin dropped 2% over the last day, falling from around 98 to just above 96. Coinglass shows that Ether ETFs have been on their third consecutive trading day of joint net inflows. Did someone say joint?
- [11:31]
AWS Voice
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- [11:41]
JV
Help.
- [11:42]
AWS Voice
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 yes, please pass.
- [12:01]
JV
The J totaling 301 million over that period. The ETH funds on December 26th next took 117 million again led by Fidelity ZTF with 83 million worth of the inflows. BlackRock's IBIT Trust ETF followed up with 28 million while the Grayscale ETH Trust took in 6 milli. ETH is currently down and the market share for ETH right now is 12.2% yesterday 12.1% but very modest considering where it was at the previous, you know, cycles and all that. Obviously ETH has been correcting it tapped 4,000 back when Bitcoin hit the 108 current price discovery. But anyways, let me know your thoughts regarding the ETFs. I think they're going to have a massive year next year. And also consider that the Bitcoin ETFs achieve what it took gold 19 years to achieve just this year alone. Yeah, I mean it's mind boggling. And now Larry Fink and BlackRock own an insane amount of bitcoin and we're going to get into that. Here's the latest with the Black Rock and I'll start with Roberto Kiyosaki's post I was referencing earlier. Rich dad wrote Larry Fink dumping Bitcoin Vivic Rami Warren Larry Fink a Black Rock is a Marxist. Do you think Ram Suwani is an idiot and doesn't really know that already? I'm just connecting dots for you guys. Vivek warned Fink and BlackRock. Our shareholder capitalists are not stakeholder capitalists. You don't think he knew shareholder capitalists are Marxist like Charles Schwab who states someday you'll own nothing and you'll be happy and you'll be eating the bugs. I love Bitcoin in my own wallet, says Rich Dad. I would not trust bitcoin and BlackRock's ETF. What have I been preaching to you since the ETF went live? Bitcoin is not the same as Bitcoin ETF BTC, all the BlackRock Bitcoin BTC canon most likely will be confiscated by the forces of evil because they're forces of evil. BlackRock suppressing the Bitcoin price of the whales can buy The Bitcoin under 100. Nailed it. I'll keep buying more Bitcoin because bitcoin's going higher. That's what you're supposed to do. I predict bitcoin to hit 350,000 in 2025. Why so bearish, Rich dad? But anyways, here's the next headline vote to use BlackRock's BUIDL as backing asset for the frac stablecoin goes live the FRAX finance community vote to adopt the BlackRock USD institutional digital liquidity Fun as a reserve asset for the proposed stable coin has gone live. Opening yesterday, the 26th votes cast a decentralized finance defi lending protocol. Token holders have so far have been all in favor of the proposal. All the comments and the discussion are also in the favor. The vote will remain open until January 1st, four days out now. According to the vote summary, the benefits of passing the proposal for Fraction SD may include creating yield opportunities, deeper liquidity, transfer options and reduced counterparty risk due to the backing of the blackrock. Blackrock ultimately controls the world. If you haven't figured that shit out there, you know, I mean, what do they got Assets under management like over 11 trillion in the December 22nd discussion about the proposal made initially by the real world asset tokenization platform securitized the broker dealer for the Black Rock biddle, the user with a handle a chaffy said the move would help to bridge traditional finance and defi. And according to Achaffee, tokenized real world assets provide an excellent bridge between traditional finance and D5 by bringing the institutional rate investments on chain quitting them here. In the past nine months alone we have seen the major players including the DA, the centralized protocols put out the large public RFPs to explore how they can most effectively bolster their treasuries in the back their stable coins with the RWAs. These are explorations marking a significant evolution in how the decentralized players manage the financial resources. Consider cross industry asset strategies. Now they hit over a billion dollars in assets under management. Their biddle in less than four months after the launch, which was March 15 at its price is peg1.1 with the US dollar and it pays daily accrued dividends directly to the investors each month through a partnership with Securitize. Now the fund invests in U S Government securities and according to doing analytics compiled the 21 shares 3.4 billion worth of the tokenized treasury funds are now on chain. FRAX isn't the first to be milling a potential Biddle backed stable Athena Labs developer behind Athena responsible for the US dollar synthetic dollar said September 26 that it had the biddle back Stable Coin in the Works the Stable coin, dubbed the USDTB is a separate product offering, the Athena USDE. USDTB went live December 16th and has accrued 89 million. The total value locked according to the Data from the D5 llama. Shout out to the D5 llama and what are your thoughts with Rich Dad's rant Larry Fink dumping the pity controlling the price. He's a Marxist mofo and can't be trusted. Don't stack the biddy in the ETF if you have the option to do so. Self custody the biddy is the only thing that cannot be confiscated. I can't preach that loud enough. And shout out Max Kaiser for being the first one to share that.
- [17:04]
Max Keiser
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 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 as soon as the ETFs.
- [17:34]
JV
Went live, Max has been calling out don't trust BlackRock. You don't trust the BlackRock. You don't trust The Bitcoin ETF BTC. The US government can take that Bitcoin. It's confiscatable. You got to make it unconfiscatable. You put it in the cold storage. You can't touch what's in the cold storage reach. Headline reads Bitwise files for the ETF track and firms with a big Bitcoin Treasuries Bitcoin for the Treasury Bitcoin for my enemies Bitcoin over Hennessy Bitcoin for the Kennedys Bitwise and ETF issuer submitted the proposal to introduce the new fund designed to invest in publicly traded companies with substantial Bitcoin huddlings. The Bitwise Bitcoin Standard Corporation ETFs would invest into the companies that adopted the Bitcoin Standard holding at least least 1000 of thiability in thy corporate treasuries. According to the December 26 regulatory filing, the Bitcoin holding firms would be required to have a market cap of at least 100 million, a minimum average daily liquidity of at least 1 million, and a public free float of under 10% to be included into the ETF unlike the other ETS would typically give weight to the stock holding base company market caps Bitwise Fund with assigned weight for the holdings based on the market value of the firm's Bitcoin Treasuries capped at a maximum weight of 24.5%. It would mean for example that Tesla with its 1.4 trillion market cap would have less waiting in Bitcoin or bitwise as ETF than micro strategy with its 83 billion market cap. Because Tesla owns 9720 Bitcoin to micro strategy 404 Jesus Christ. Michael Sailor 444,262 Bitties for micro strategy it's pretty mind boggling. It comes amid a wave of the public companies buying the bitcoin to boost their stock prices obviously as bitcoin gained 117 year to date thus far bitcoin crossed six figures. Current all time high price discovery sits just above 108. And you also have K U L R Tech the largest or latest I think we covered this yesterday. The latest public firm to buy the bitcoin announcing it spent 21 million to buy 217 at the Biddy we saw the stock price close up more than 40 of the day for an all time high of 4.80 Sense Bitwise's ETF filing come the same day as the big Ram Sawani found his drive filed for the launch of the ETF giving exposure to the Bitcoin bonds. And speaking of the bitcoin bonds, that's going to be our next story of the day. So stay tuned. Broskis and Bitty baddies Next story A here's the latest with The Trump/ Rom Sawani ETF Big news for yesterday from yesterday and then we'll dive into million dollar price prediction if this one particular event plays out. And spoiler alert Strategic Bitcoin reserve President Trump badaboom Bada bing. And then we'll dive into some live Q A and we'll chillax and kick it with the fam. So yeah, headline here reads Trump link Strive files for the Bitcoin bond etf. There you go. Strive, the asset manager founded by Vivek Ramzawani, asked the U S regulators for permission. Please regulators, please let me do it this one. Time to list an ETF investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. According to the December 26 filing, DTF seeks to offer exposure to the bitcoin bonds described as convertible security is issued by MicroStrategy or by the other companies that plan to invest all or significant portion of the proceeds to purchase the Ibid. According to the filing, the Strive Bitcoin Bond ETF will actively manage and will gain the exposure to the Bitcoin bonds either directly or through the financial derivatives such as the swaps and options. But what about a Bitcoin kids? Well, Strive has not yet specified the management fees investors will be charged, but actively managed funds typically charge more than the passive index funds. And here you're looking at the entity holding Bitcoin in their Treasuries currently that he's holding Bitcoin and on the right Bitcoin actually in the Treasuries now beginning in 2020, MicroStrategy spent about $27 billion buying Bitcoin as part of the COR treasury strategy spearheaded by the one and only Mikey Sailor and Shout Out Timothy. Greatly appreciate that super thank you for supporting the stream fam. Now it stock microstrategy has gained more than 2200%. That's a divine omen with 1100 plus 1100 is 2200. That's an 1111. Just got to point out the obvious outperforming practically every seasonal sizable public company except Nvidia. Now MicroStrategy has finances buys by issuing a mixture of the new stock and convertible bonds. Ain't talking Berry bonds. Its bonds pay low or no interest, but may convert the MicroStrategy shares under certain conditions. Other companies have followed suit. Corporate Treasuries now hold about $56 billion worth of the biddy, according to the Bitcoin Treasuries.net and there you have it. Yo Strive Asset management perspectives coming directly from the Ram Suwanni now for the Trump connection, eh Ram Suwani and outspoken ally President Trump.
- [22:26]
Shopify Voice
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- [22:48]
JV
Founded Strive in 2022. The asset manager aims to help the investors harness the power of the capitalism. Now in 2023, Ramzawani, who earned most of his 1 billion net worth from founding biotech startup Rivian Science, campaigned against a Trumpster in the Republican presidential primary. He later endorsed the President Elect. November Ram Sawani joined Tesla founder Elon as the leader of the Department of the Government of Vision Better known as doge, a private initiative intended to cut the wasteful government spending. Now industry analysts see trans announced presidential win is the green light for more than half a dozen proposed crypto ETFs waiting on regulatory approval to list here in the United States of America. And in 2024, the asset manager submitted a flurry fist of fury of regulatory violence. Good lord. To list the ETFs holding alts including Solana, XRP and the Litecoin. And since winning the US presidential election November 5, Trump proposed appointing a pro crypto industry leadership for the gay regulatory agency. Gary, you're fired. Go home, get your shine box. There's a nipinator in town. And in December, the president elect announced former PayPal chief operating officer David Sacks as his AI crypto czar and former SEC commissioner Paul Atkins as his pick for the securities and exchange commission chair. So hit the road Gary and don't you come back no more, no more, no more, no more. Now for our feature story of the day. Will Bitcoin hit $1,000,000? Well, 2025, it can occur under one circumstance according to some top analysts. So let's break this baby down. Here we go. The possibility of the video reaching a coveted 1 million milestone hinges primarily on one crucial factor, the establishment of the U. S Government strategic bitcoin reserve. Let me tell you something. This assessment comes from Jeff park, head of the alpha strategies and debate wise asset management who estimate the probability of such an initiative at less than 10%. So you're telling me there's a chance. Amen. According to Park's latest prediction, there is a possibility that the biddy price will hit 1 million next year. However, the chances are only around 10%. Why this specific probability? He assigns the same likelihood to the potential establishment of the bitcoin strategic reserve in the United States. So let's break down his insights here. This is coming from Jeff park reading it to you verbatim. The idea of the federal bitcoin strategic reserve happening in 2025 is less than a 10 chance event. That is the only MA which Bitcoin can hit a million dollars plus in 2025 when it happens. Notice he didn't say if bullish. Here's a simple illustration of how the probability math works. Bottom right, looks most probable to me. An example at a 2 1/2% chance. And let's get back to the story here and shout out to the Jeff park, let me know if you agree. Disagree. What some of what he outlined with the probability and the percentage and the price targets and you can see the 1 million at the very bottom there. So the CRYP demonstrated a remarkable resilience with Bitcoin currently trading at roughly 94Gs at the time of the live stream of 108 as the current all time high suggesting a federal Bitcoin reserve represents only a mathematical pathway for the bitcoiner surpass 1 million threshold in 2025. Speaking of legislative framework we got Senator Cynthia Lemus had already laid the groundwork for such the initiative introducing draft legislation that would mandate the US treasury to acquire 1 billion of the Bitcoin over five years. This ambition ambitious proposal has sparked the intense debate within the political and financial circles. And while park maintains a cons is that Peter Parker Any relation to Spider Man? The conservative outlook and probability of the strategic reserve market sentiment appears optimistic. Poly market participants currently price the likelihood of the US bitcoin reserve at 31. And I would dare say that poly market is going to be a more accurate representation because people are putting the money on it. So 31 chance so you can make the underdog bet if you believe Trump is going to do what he says. You bet on that and you're a winner. If you're sus maybe bet against it. But no, never bet against thy biddy hitting a million. You're just gonna be regretting that one. December 27th Bitcoin. Well obviously that's today we're trading just above 94 000. Let me provide some more insights from Vaneck. This is a target Van X shared on x. It looks like 12-13-118 billion dollar VanEck predicts 180000 Bitcoin in the US will embrace the strategic Bitcoin reserve in 2025. Quoting them here following the first peak we anticipate a 30 retracement of the Biddy with the alt facing sharper. Declines up at 60% for the market consolidates during the summer. However a recovery is likely in the fall. Major tokens regaining momentum reclaiming previous all time highs by the end of the year. Let me know if you agree. Disagree and you already know regulation is the key. It's already being embraced obviously by the governments around the world, major asset managers around the world and here's what else I wanted to share. Van Eck Top 10 crypto predictions for 2025. You guys ready? Every day supporters like you help the American Cancer Society improve the lives of people with cancer. Help end cancer as we know it for everyone. Visit cancer.org to make a life saving gift. We'll make Some other freaking noise. Mom's spaghetti. He's nervous but on the surface. Come and ready to keep ripping. It's the new Scotty Pippin. Number one crypto bull market hits a medium term peak in quarter one setting new highs in quarter four. Number two, U S embraces the bitcoin with strategic reserves and increased crypto adoption. Number three value of the tokenized securities exceed 50 billion. Number four stablecoins daily settlement volume reaches 300 billion. Number five AI agents on chain activity surpasses 1 million agents. We're talking about agent Smith from the matrix. Number six layer twos for the biddy reach a hundred thousand bitcoin in total lock value. Number 70 Ethereum blob space generates a billion in fees. The blob space eh defi hits the all time high with a 4 trillion dex volume with a 200 billion and NFT market recovery with the trading volumes region 30 billion and the DAP tokens narrow the performance with the layer 1 tokens. But anyways back to the probability of the strategic bitcoin reserve. What's your thoughts? Do you agree more with polymarket? 35% is chance or do you agree more with Jeff park that it's a long shot, Maybe only a 10% chance of happening sending the Bitcoin price parabolic to $1 million per coin. And speaking about a million coin, let's send it straight to 1.1 million for the hell of it. Just to hit the target. And with that being shared. Welcome everyone to the Q A segment of the live stream. 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.