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Bitcoin News Alerts | Daily BTC Macro Signal
1862: “I Believe We Can Get to $1,000,000 Bitcoin by End of Cycle”
00:31:49
“I believe we can get to $1 million Bitcoin end of the cycle – $1 million...
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- [00:01]
Google Gemini
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- [00:26]
Dutch Bros
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- [00:54]
JV
See DutchBros.com welcome crypto fam to the number one daily Bitcoin pod. We're pumping back in the green. In today's show I'll be sharing the latest Bitcoin technical analysis as well as U S listed Bitcoin Ether ETFs tally 38 billion worth of net inflows since launch year. We'll also be discussing Max Kaiser was recently featured on RT says Bitcoin is perfect money for humans to achieve full potential. Preach. We'll also be discussing U S Government will not buy Bitcoin in 2025 according to the latest research from Galaxy. Be sharing the report as well as here's how long Bitcoin can take before hitting a new all time high according to one analyst. And we'll also be discussing Bitcoin set to hit 350,000 despite the black rock sell off fears according to rich dad Robert Kaki as well as $1 million bitcoin price incoming by the end of the current cycle, predicts Bitmax founder Arthur Hayes. Just Blaze. 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 cryptonewsalerts.net again that's crypto news alerts.net today is pod episode 1862. I'm your host JV. Three days left until the end of the year, the final Sat stack and Saturday of 2024. Let's kick it off with our market watch as we do each and every day pulling up coin360. It's good to see the bulk of the market back in the green. Bitcoin flirting at around 95G's baby. We have ETH just under 3004 hundo, Salana, BNB in the green Tron Sui and Cardano Correcting and in the red and checking out coinmarketcap.com Current crypto market cap sits at $3.33 trillion and the Bitcoin market cap is $1.877 trillion. 86 billion worth of volume. For the past 24 hours Bitcoin dominance took a step back a little bit, currently at 56 and a half percent. Ether dominance took a small tiny step forward at 12.3%. Yesterday was 12.2. Checking out top 100 crypto gainers past 24 hours. Curve Dow, OKB and Ave leading the pack and we got some pudgy little penguins in there too. Now which alts do you feel most bullish on for the Bullet Fanny Holla. And in between news I'll read the comments to the best of my abilities and check it out the crypto bubbles get a visual perspective on that day. Good to see the bulk of the market back in the green and zooming out on the monthly. I'd say 6040 red over green and checking out the crypto grid and fear index. Today is 72, yesterday a 74, last week at 73 and last month a 77. An extreme greed and checking out time chain calendar. We're currently on block number 876,768. We have 173, 232 blocks until the having of 2028. And you can currently exchange one fiat monopoly dollar for 1054 SATS. And what better time to be stacking stats than on a stat stack. And Saturday. That just so happens to be the final sask on Saturday of 2024. Let's dive into some technical analysis. We'll do it a little different today. I'm read you any ta we're just gonna go dive into it and look at the live charts. Why not? And we'll spend some extra time on that by pulling up some of the different time frames for you guys. Welcome everyone joining the live stream. Good to have you here. This is the final SAT stack and Saturday of the year so make some noise for that. And here on your screen this is the Coinbase exchange. We use it because it's the number one exchange in the States obviously. And this is via trading view. This is the one minute chart we do Have a rising wedgie. My favorite type of wedg. My only favorite type of wedgie. And we're sitting on a $95,800 target. On the one minute time frame, we do have some bear targets. One at 946, practically 150 shy of where we're at. And then we have a more of a bear target at 93. 8 and zooming out from the 1 minute. We'll take a quick look at the 10 minute. The 10 minute chart only shows a bear target in the red, which is sitting at 93,200 and zooming out from the 10 minute. Let's check out the one hour. The one hour chart. Oh, thank you so much. Shandy special super just came in to manifest the passport success vibes. I definitely have to hit the gong for that one and wish you all the success in the world. And thank you for using such a divine number, such as 21, which is very significant in bitcoin. As we all know, there can only ever be 21 million coins in existence. And also a 21 is a ACE, which is an 11 in blackjack, and a 10, which is obviously a 21. So blackjack, this gong strike is for you. Bada boom, bada bing. But anyways, on the one hour chart, we do have some targets on the screen.
- [05:59]
eBay
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.
- [06:05]
JV
That hologram trading card. One of the rarest. The last one I needed for my set.
- [06:10]
eBay
Shiny like the designer handbag of my dreams.
- [06:13]
JV
One of a kind.
- [06:14]
Global X
Ebay had it. And now everyone's asking, ooh, where'd you.
- [06:17]
JV
Get your windshield wipers? Ebay has all the parts that fit my car. No more annoying, just beautiful.
- [06:25]
eBay
Whatever you love, find it on eBay. EBay, things people love.
- [06:29]
JV
We do have a bull target of 1076. Let me know if you feel we'll re enter price discovery in the final three days of the month and the final three days of the year. Currently it's at 1083, which is just shy basically of the target here on the one hour chart to enter price discovery. And checking out the four hour chart, the four hour shows you some bull targets as well. Very similar to the one hour sitting at 10:76. We also do have some bear targets. The super bear target. There's a bearish pennant at 76,000. Personally, I don't think that is a probable scenario, but you need to be aware of all the possibilities. As you know, anything can happen in crypto you already know. Zooming out from the four hour we'll check out the one day of the one day chart shows you bullish momentum has been building up and stacking. We've had some corrective days clearly as you can see and we're struggling to get back above the hundred thousand dollar hurdle as you can see on the daily chart. And zooming out from the daily we take quick look at the weekly the weekly chart also has a very bullish target sitting at 124,000 which is a sexy cup and handle target. And you can see we finally had a bearish corrective weekly candle for the first time in several weeks since the Trump election pump we have been pumping pretty fantastically taking us from the 60s to the new all time high which is currently sitting at 1083. And zooming out from the weekly check out the monthly chart you can see Moonvember our best performing green candle we have ever had in Bitcoin history since the inception of the Genesis block in December. Itty bitty red candle building. But we still have three days until we see the tail of the tape and see how we end this epic year of 2024. Year of the Having Year of the Dragon. So there you have it. Let's discuss the Bitcoin ETFs and ETFs in general. Headline reads US listed Bitcoin Ether ETFS tally 38 billion of net Inflows into the Launch year that's right, US Bitcoin ETFS funds racked up a staggering 35.6 billion in net inflows since they launched January 11, far exceeding early industry estimates. While the Spot E3 test finished strong, seeing net inflows of 349 million in the last four trading days, reaching 2.6 billion since their recent launch. Black Rocks IBIT led the pack with 37 billion of net inflows, while Fidelity and ARC21 rounded out the top three with 11 billion and 2 1/2 billion, followed by Bitwise at 2 billion. Now these net inflows smashed an earlier 14 billion first year estimate from Galaxy Digital Research head Alex Thorne. However, the Spot Bitcoin etfs didn't finish too strong towards the year's end, seeing a combined 1.3 billion of outflows since December 19th. And five of the last six trading days were net outflows, with IBIT seeing the largest outflow of 188 million on December 27 and October 25. The report Exchange Binance found nearly 80 of the demand for the spot Bitcoin ETFs have come from retail, not the institutions. However, industry analysts such as the Bitwise Chief Investment Officer Matt Hougan expects to see more institutional involvement in 2025 when more clearing houses for the spot Bitcoin ETF trading come online. It is one of the catalysts behind Bitwise's bullish 200,000 bitcoin price estimate for next year, while Vaneck expects Bitcoin to top at 100 in ADGs. Meanwhile, the spot Ether etabs closed the year with a total of 2.6 billion billion worth of net inflows since the Ethereum products officially launched on July 23 and excluding outflows from the converted grayscale Ethereum Trust would bump that figure to 6 billion. Meanwhile, Black rocks ETH A, which is their ETF for Ethereum and the Fidelity Ethereum Fund led the net inflows at three and a half billion and one and a half billion. The low fee based grayscale Ethereum Mini Trust finished with the third place most net inflows at 608 million while the bitwise Ethereum finished ETHW recently passed the 400 million milestone. And also while ETH has underperformed Bitcoin and Solana thus far this year, Bitwise expects it to bounce back in 2025 to hit a high of 7, 000, which is practically a 4, 000 bump up from where it's at. Hogan and the Bitwise Bitcoin research head Ryan Rasmussen attributed the estimated rise to the increased activity on the Ethereum layer twos more spot ether flows and massive growth in stable coins and real world asset tokenization. And shout out to the High Priest who was recently on RT preaching the holy gospel of Satoshi, quoting them here Bitcoin is perfect money for humans to achieve their full potential. And notice that hat he's rocking. That's repping the Max and Stacy Invitational, which Chandy and I will be in El Salvador in less than two weeks Kicking it with the High Priest Ford.
- [11:30]
eBay
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- [12:01]
JV
Some love for Max. Let me know if you saw the interview. I reposted it on my X profile so if you guys missed it. I encourage you to check it out. And that's that next story of the day. We discussed the latest with the ETF volume. Now let's discuss a strategic bitcoin reserve in the US not so good news from Galaxy Research because they don't believe the US Government will actually buy any bitcoin. The opposite of what Trump, you know, proposed to us in his speech. So let's just break this down. I haven't read it yet. So Galaxy Digital's research division predicts that the U. S. Government will not buy bitcoin or any Bitcoin in 2025, but it will safeguard its existing supply. Let's dive deeper. Quoting them here from the report. The US government will not purchase Bitcoin in 2025, according to Alex Thorne, the head of research over there Galaxy. And they shared that in the report. Thorne said that it insisted instead the US Government will create a stockpile using bitcoin which it already holds. While discussions on a bitcoin reserve policy will continue, there will be some movement within the department and agencies to examine and expand the bitcoin reserve policy. Let me know if you agree. Disagree. And according to Spot on chain, the US government currently holds 183, 850 Bitcoin worth around $17 billion across various known addresses. And it's my understanding that roughly 100,000 of those bitcoin belong to the Bitfinex customers who got hacked and is currently in the custody of the United States government. So that means they would then only own 83,000. So there you go. Now, Wyoming Senator Cynthia Lummis proposed the Bitcoin act for 2024, if passed, would enable the US government to insert Bitcoin into its treasury as a reserve asset by buying 200,000 bitcoin annually over five years, accumulating 1 million bitcoin, which it would hold for at least 20 years. Now, I hope Trump follows that plan that Cynthia Lummis laid out. But I'm also very skeptical, just by nature. And Max doesn't believe that Trump will purchase the bitcoin either. So we'll soon find out. Time will tell the tale of the tape, but anything can happen, family, because governments are corrupt. And keep that in mind. Another Galaxy analyst, JW said there's a possibility that up to five NASDAQ 100 companies and five nation states may add Bitcoin to their balance sheets or sovereign wealth funds. I do agree with that because I think the other countries are not as corrupt or not as stupid as the people in power in the United States and most likely will adopt bitcoin. Now a stronger U. S stance of bitcoin adoption can trigger a race to minor acquire bitcoin amongst the nation states. We call this the global hash wars which Max Kaiser coined many years ago quoting them here. Competition among nation states, particularly unaligned nations, those with large sovereign wealth funds or even those adversial adversary adversarial to the United States will drive the adoption of strategies to mine or otherwise acquire thy bitty now on December 26th Japan's Prime Minister said that he does not have enough understanding of movements by countries like the US and others regarding the bitcoin reserves of adoption. Well you'd have to go to Bukele, he's the man you talk to regarding that. Mr. Japan Prime Minister it is difficult for the government to express its views. That's right because governments are corrupt. Meanwhile former Binance CEO CZ said China would be one of the countries that would adopt the strategic bitcoin reserve. I wouldn't be surprised if Russia and China did that. What are your thoughts? And at the Bitcoin Me and a conference in Abu Dhabi on December 9 CZ said he believe smaller countries would likely be the first to adopt a bitcoin reserve. And that's precisely who was the first to adopt. It was Buel over in El Salvador. Bitcoin country the ark is bitcoin country thy savior. But the change could happen slowly. So there you have it, a lot of speculation right now will trump adopt a strategic bitcoin reserve for the United States? Will they not only stockpile the bitcoin but will they purchase new bitcoin? Will they follow through with a plan of purchasing at least a million bitcoin over four or five years which would be approximately 200,000 250,000 bitties per year. It'd be major if that happens. But a lot of very smart people are very skeptical of that regardless of what the politicians tell us to our face. But time will tell you. Let me know your thoughts and I'll read them out loud. Family, let's get it next story of the day. Here's when one analyst believes the next all time high will be achieved. Jason Pizzino. Yeah, so in a new video he shares that bitcoin is likely to stay below the record high of around 182 for more than one week. Oh no, what are we going to do? Crypto famous stack sets and according to Pino the longer the bitcoin consolidates below the all time high, the stronger the upward move is likely to follow, according to analysts here. I don't think we're in the midst of something like six months underneath that top of around 182. What we do expect is a longer period of time under the top.
- [17:03]
Global X
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- [17:30]
JV
X etf's.com not more than six months, but longer than what we have currently seen. And what we have currently seen is 13 days underneath that top. The Wiley followed analysts as Bitcoin can start breaking out from the current all time high beginning in the early weeks of the first quarter of 2025. Quoting them here from the interview so somewhere around the inauguration of President Trump January 20th. So that might be some of the reasons that people get really excited as to why this thing should go up from that point, you know, Trump in and then they start to get a little bit excited and the cycle sort of rinses and repeats and we get a nice upside. If that is the case, that is going to be a good move or at least a good amount of time underneath this top of 182. Especially as we have broken out into the new fresh all time high. Basically call it January for some sort of low and then a potential breakout to a fresh new all time high which might come in late January or in February. So that's the big thing that I'm looking out for for quarter one 2025 according to Jason. And to watch the entire analysis he did check the show notes below the video in the description and check out the video for yourself. Anyways, next story of the day, the latest from the rich dad Robert Kiyosaki. Bitcoin is set to hit $350,000 despite BlackRock sell off fears, according to Robert Kiyosaki. That's right in a post and I'll show you the post in a moment. Kiyosaki claimed BlackRock under the leadership of Larry Fink. Go home and get your time box. Larry is currently offloading large amounts of the biddy as he voices distrust over the asset manager's involvement of the bitcoin market. That's because Kiyosaki at least has half a brain and anyone with a half a brain recognizes blackrock as an evil entity up to no good. The American author reiterated the views of the Republican Vivek Rumsawami who described Larry Fink as a shareholder capital as an example. People who are focused on maximizing returns for shareholders rather than the stakeholder capitalists who consider the interests of the employees and communities. In this regard, Rich dad further alleges that BlackRock is deliberately suppressing the Bitcoin price. I've been saying that for a long time via the sell off to allow the market whales to purchase at lower prices. Precisely. Never trust the BlackRock truly. Data from our cam shows BlackRock has recently moved 203 million a Bitcoin to Coinbase prime, which is their custodian, over the past two days. However, it remains to be seen if BlackRock intends to sell these assets or just maintain ownership on a custodial wallet. Furthermore, Rich dad advises against investing in Bitcoin via Black Rock etf, preaching a mode of direct investment in place. I preach that as well. I don't trust Black Rock controlled, you know, Bitcoin etf, btc, because not your keys, not your coins. I mean the, the, the whole concept of Bitcoin is removing the middleman and not having government or entities or third parties in control. And you're giving that third party the control by investing in it. However, I do understand their circumstances where maybe you run a big organization or company or a sovereign wealth fund and you need a custodian and then maybe having exposure to Bitcoin through the ETF is better than not having no exposure at all. I totally get it. But if you have the opportunity to self custody, there's no second best choice because only properly self custody Bitcoin is unconfiscatable. That's the bigger picture and that's what Mr. Rich dad is trying to say. Ironically, Black Rock boasts of the largest Bitcoin ETF, iBit, with 52 billion in net assets. Amidst rumors of a planned black rock market offload and Bitcoin ongoing price decline, IBIT recorded its largest market outflow ever of 188 million, which is really nothing in the grand scheme of things. They can purchase a billion in a day. So it's like, is that really a big deal? Probably not. Nevertheless, Robert Kiyosaki backs Bitcoin's robust, bullish structure. Despite BlackRock's alleged price manipulation antics, the author affirms his conviction to purchase more Bitcoin, which he predicts will reach $350,000 per bitcoin next year in 2025. Let me know if you agree disagree and let's actually read the tweet. Larry Finkster dumping the biddy Vivek warned Larry Finger the Black Rock is a marks Vivek Warren Think and BlackRock are shareholder capitalists, not stakeholder capitalists. Shareholder capitalists are Marxists which is a precursor to communism if you're not familiar with that term. Not a good look like Claus Schwab who state someday you'll own nothing and be happy. We've all heard that one before. I love Bitcoin in my own wallet. I would not trust bitcoin and BlackRock's ETF. I repeat, I love Bitcoin in my own wallet. I would not trust Bitcoin and Black Rock's etf. Read my mind Rich dad blackrock suppressing the Bitcoin price of the whales can buy the bitcoin at under 100k. Precisely why we're under 100k today. I will keep buying more of the biddy because Bitcoin's going higher, it's going up forever. Laura I Predict Bitcoin at $350,000.
- [22:35]
Bluehost
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- [23:04]
JV
Next year 2025. Let me know if you agree disagree with Rich Dad. Speaking of bearish targets like 350 JV's bear target. At least it's more bullish than rich dad. It's 420 in play. That's if we don't get the strategic Bitcoin reserve. That's if Trump doesn't follow through with anything he promised us. We'll see. I'm not going to judge him. I'm going to judge him by his actions. So and we'll keep it one hun every day as we do now for our feature story of the day. One million dollar Bitcoin price is an incoming by the end of the current cycle, predicts Bitmax founder Arthur Hayes. Just blaze. I'm going to be sharing down his analysis here, breaking it down and why that's likely to happen according to the Bitmax founder. So in a new interview with Anna Tutova, the CEO of Coins Telegram Hayes says bitcoin could hit six, I mean seven figures in about a year which would mean at the end of 2025 quarter four or so due to the massive expansion of the monetary supply from the governments ultimately saying money printer is going to continue to go burr and that's going to Send Bitcoin Parabolic 10x from here. Quoting them here. I believe we can get to 1 million end of the cycle, $1 million because the amount of the money that is going to be printed is going to be absolutely insane as every government around the world does the same exact thing which is print money to make my people feel happy because the global growth is slowing. I think that we're in a transition period of a global financial system system. We are going to change it. The elites will resist the change which means they are going to print a lot of money and more money that's ever been printed because they don't want the post World War II u. S. And I know this word. How do I pronounce that? I know it's not how it sounds so I'm not going to say it but the World War II to change the world. Yeah. And asked how long the current bull market may last. Maybe 2026, 2027 is my estimate, but who knows. He also says that while some altcoins have plummeted, the overall crypto market cap is so up compared to more than a year ago, indicating the upward trend remains intact. And quoting them again from the interview, the aggregate value of all the crypto has still increased over the last 12 to 18 months. So I believe we are still in the bull market. And there you have it. Let me know if you agree disagree with his one million dollar bitcoin price predictions to watch it come out of the horse's mouth himself. Check the show notes below the video in the description. Now for my personal predictions for the cycle peak which I think will occur next year. Which quarter I don't really know but for 2025 JV's base case is a modest 4x from where we're at 420 in play. And Max Kaiser's targets 2.2 million. JV's bull target 1.1 million. But I hope to be proven wrong and I do pray we hit Max Geyser's target because he is the high priest and he knows a thing about a thing or two when it comes to Thia Biddy because he started promoting it publicly on national television back when it was a quarter. Back when you can get four bitties for a dollar so all hail the high priest. Looking forward to seeing you in less than two weeks in bitcoin country at the Max and Stacy Invitational. So you already know. Welcome everyone to the Q and A segment of the live stream. Meanwhile you have these crypto channels like crypto banter telling you the bitcoins reach the top. Yeah, those are the bear channels. Just ignore them. They're probably paid a lot of money to fud bitcoin is my guess. I don't watch them either. I know what all the the bear the perma bear channels are. I don't support them. Later, fam. See y'all tomorrow. Enjoy yourself, Oracle. And thank you for tuning in. And happy birthday to the hubby. Bitcoin is the goal. Use the alt runs to max the things out. Does it give you orange peeling opportunities or are they just enjoying the beer and the margaritas and not hearing? The lyrics are different than the regular music. I'm all about the lyrics. US dollars, Zimbabwe dollar, Same shit. I thought blackrock would let bitcoin go above a hundred thousand at the year end. Well they did. And then they dumped it and suppress it. They have too much control. JB, let's get to 2.2 million. What will people say about that? True. Yeah. And when we hit 1 million, the same people that say we'll never hit a million are going to be. You guys are lucky. You'll never hit 10 million. Peter Schiff and them. The boys. I mean on bingo night. Peter Schiff and the boys in Puerto Rico on bingo night. Lucky JV never hit 10 million. I know that's annoying, but that's my impersonation of stupid people. It'll never happen. Sunrise, sunset. Hope alive. Bitcoin isn't a bet. You have been told. Never forget. This is your chance to change the tides and make your own sunlight. 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.