← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
1863: “Next Stop for Bitcoin is $1,000,000 Per Coin” Scottie Pippen
00:31:07
Scottie Pippen, one of the biggest NBA legends, has predicted that the Bitcoin price will hit $1,000,000 per coin.
Loading summary
Transcript12 lines
- [00:01]
Sponsor 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 Live. This episode is brought to you by US Cellular. Don't sacrifice a great experience for a great deal. Now with US Cellular Prepaid, you'll get a new Samsung Galaxy A15.5G free without the hidden fees you get with other prepaid providers. So you can use US Cellular's nationwide 5G coverage without sacrificing anything. Terms apply. Visit uscellular.com for details.
- [00:48]
JV
Welcome crypto fam to the number one daily Bitcoin pod. In today's show, I'll be sharing the latest bitcoin technical analysis as well as the latest breaking news. Bitcoin trader eyes yearly close games as quarter four Bitcoin price gains top 50% also, for the eighth week in a row, Michael Sailor post a sailor bitcoin tracker Microstrategy always buys more bitcoin the next day, so expect the big announcement from the Giga Chad tomorrow. Also, Ethiopia made over 100 million by mining Bitcoin via renewable energy. The game theory is playing out. Also in today's show, El Salvador's Bitcoin stash smashes 6,000 BTC, now worth $569 million as well as Trump's Bitcoin policies depend on the US economic standing. We'll also be discussing BitCo CEO predicts good gains in 2025. I'll be sharing his forecast. And we'll also be discussing Bitcoin may reach 150 to 400,000 next year based on a strategic bitcoin reserve and Fed rates, according to blockware. Also, NBA's Scotty Pippen says $1 million is next for the bitcoin. Let's go. 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 church is in session. Today is pod episode 1863. I'm your host JV. It's December 29, 2024 two more days until we have our new year of 2025. Bitcoins flirting just above 93000 low correction on the day and checking out coin 360 you should be able to see here on your screen. Yeah bitcoin correcting most all the major cryptos cracked in in the red checking out coinmarketcap.com the current crypto market cap sits at 3.26 trillion and the cap is 1.85 trillion. We got roughly looks like 80 billion worth of volume for the past 24 hours. The Bitcoin dominance is currently sitting at 56.6% with the Ether dominance same as yesterday at 12.3%. Checking out top 100 crypto gainers past 24 hours. FTT coin leading the pack Virtual and KCS let me know which alts if any you are bullish on for the bull and checking out the crypto bubbles we get a visual perspective on the day and the bulk of the market correcting. And in the red not a good when scam token FTT is the top gainer on the day and checking out on the monthly definitely the majority of the alt in the red. I'd say maybe 7030 red over green. Checking out the crypto green interior index today we're 73 yesterday 72 last week at 73 and last month is 78. In extreme greed and checking out the time chain calendar we have 173044 blocks until the having of 2028. We're currently on block number 876956 and you can currently exc us monopoly dollar for 1070 satoshi so stack them stats and put down the gats and that's it. But yeah being we're behind on time today we're just gonna roll right through and get to the TA AKA astrology for the broskis. In fact I'll even skip all the technical jargon from the article and maybe we just dive right into the charts. I think that's more important in my opinion. Let me know if that's cool. So yeah to save on time here, looking at the charts this is the one hour many targets. We do have a bull target of 1076 still in play. We also have a super bear target sitting at 84. 3. Let me know which direction do you think the bitcoin price action will trend over the course of the next couple of days before we enter 2025 and we say goodbye to 2024 and put a bow on it. Zooming out from the one hour we'll take a look at the four hour. And the four hour says it's going up forever. Laura. We also have a bull target here on the four hour chart of 107. And we have a bear target sitting all the way down at 76.5 for a bearish pennant. And zooming out from the four hour, take a quick look at the daily. The daily says it's going up forever. Rising wedgie. Hey now. Yeah. And that's on the daily chart. You can see we've had some corrective days this week. Really Last week since tapping out at the all time high of 183, we've been corrective and zooming out from the daily. We take a quick look at the weekly. We still have a target showing on the weekly chart at 124. I think that's very unlikely now with two days left in the year. But you never know. We can hit that very quickly here in Q1 of 2025 which is right around the corner. But you can see we had a nice run up since the Trump November 5th election.
- [05:49]
Sponsor Voice
It was empower your business or Digital agency with Bluehost. Trusted by over 5 million WordPress users globally. Bluehost features top to bottom hosting optimizations designed specifically for WordPress giving you 24. 7 access to a team of experts for support, plus thousands of WordPress help articles. So if you want to streamline WordPress website creation with intuitive controls and premium support, choose Bluehost. Powering over 2 million websites worldwide.
- [06:20]
JV
Weekly green candle close on the weekly after weekly, you know, five consecutive and then we finally start to get some corrective. Weekly candle closes here and today we get another this is actually today is the final weekly candle of the entire year. So let me know where you feel will likely close. I was hoping to be above a hundred thousand but it's not looking to be that way. And zooming out on the monthly, you can see Moonvember was the biggest green monthly candle close we've ever had, appreciating roughly 30,000 in fiat dollars. And we're printing a corrective thus far unless we can start pumping here last minute again, we got two days before the end of the year. So let me know where you feel will likely go from here. And in breaking news for the eighth week in a row, Michael Sailor post the Sailor bitcoin tracker Micro strategy always buys more bitcoin the next day or at least announces the purchase. So expect the big purchase announcement from Michael Sailor tomorrow. And pointed out here Ethiopia made over a hundred million dollars by mining bitcoin via renewable energy. Also as reported earlier in the year, Russia was launching a bitcoin mining hub in Ethiopia. It's due to the advantageous electricity and also the hydro power dams and the natural ways to produce electricity. The game theory is playing out as predicted. Global hash wars in play and with that being shared fam Again, welcome everyone joining the live we're only streaming on YouTube today. Stream Labs gave us some issues unfortunately, but I mean you got to do what you got to do. Here's the latest from bitcoin country El Salvador. That's right, their stash hit 6,000 of the biddy worth $569 million at current prices. El Salvador has become the sixth country to currently hold more than 6,000 of the biddy, further solidifying the crypto status as a treasury asset for President Najib Bukele, his country. That's right, El Salvador thy Savior as it translates in English. But anyways, El Salvador acquired another one Bitcoin December 29, pushing the country's holdings to 6,000bitcoin currently worth 569 million, according to the national Bitcoin office of El Salvador's portfolio tracker. The latest buys puts El Salvador up 108 on the Bitcoin investment, having purchased 6,000 of the Biddy at an average purchase price of 45, 400 according to Naiji Bukele's portfolio tracker. The Bukele led government purchases first 200 bitco September 6, 2021, making it the first nation to do so around the time El Salvador became the world's first country to make bitcoin legal tender. Look at them holdings. Not too shabby, eh? Now El Salvador holds the six most bitcoin amongst nation states, trailing only the United States, China, the uk, Ukraine and Bhutan, according to Bitbo's bitcoin treasury is data. Now while El Salvador typically buys one bitcoin per day, it bought 1 million worth one day after striking the 1.4 billion deal with the IMF and again on December 22nd. That's a blackjack baby. Despite the IMF requesting its row back some of its bitcoin activity, Bukele said FD imf we going to be okay f the imf. This a freedom play. Hey, I'm a stack bitty all day so give me more money, I'll stack more of the bitty, preach. El Salvador's national Bitcoin office director Stacy Herbert said the Central American country may continue to buy the bitty at an accelerated pace AKA fdimf. A spokesperson from the Bitcoin office further told cointelegraph El Salvador wouldn't sell this bitcoin holdings, adding that bitcoin continues to be our main strategy. That's the only strategy, however, El Salvador Shivo wallet will be sold or wound down, said Herbert, who expects private sector Bitcoin Wallace to continue serving El Salvador. From my current knowledge, I would recommend Exodus or Strike. Not even the local folk are recommending Shivo. And FYI, Shivo is not the official government wallet. It's third party and apparently it sucks and everyone's been telling me the same thing. Now the IMF still needs to approve the El Salvador deal, which would mark the end of four years of negotiations drained by Buel's bitcoin policies, which the IMF said put the country at risk. As if the IMF cares about any human beings in these foreign countries such as El Salvador. Come on, give me a break. Shout out to all the bitty baddies for holding her down. But anyways, next story of the day Family let's discuss the latest with the Trumpster. Trump's policies for the bitty depend upon the US Economic standing according to the Crypto Quant CEO. That's right, Crypto Quant CEO founder Key Young Ju said the President Elect Trump's bitcoin policy is likely to depend on the perceived strength of the US Economy and the US Dollar by the global investment community. He argued the store value assets like gold and bitcoin surged in price when investors perceive threats to US Economic. He how do I pronounce this? Hemy? I know I'm it up right now because it doesn't ring a bell, but please correct me. However, investors continue to express confidence in the US Economy and see the US Dollar as a safe haven currency. The CEO said that this position of.
- [11:24]
Sponsor Voice
Strength this episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going Cha ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are. Visit shopify.com to upgrade your Selling today.
- [11:47]
JV
Makes it unlikely that the Trump administration would adopt the Bitcoin strategic reserve to protect the US dollar dominance and may cause the President elect to backtrack on the pro bitcoin policies. So another, you know, major influencer is very skeptical that Trump is going to adopt the bitcoin. He says even before his inauguration, Trump consistently warned other world leaders of the power gap between the US and other nations. This rhetoric combined with increased capital inflows to the dollar could renew confidence in the supremacy. That's what's up around me. Many Koreans are choosing US dollars as a safe haven over gold or bitcoin. Particularly as the Korean Juan weakens, the CEO continued, who I take it is Korean. This trend is also seen in emerging economies where individuals use US dollar stable coins to store thy value because their local currency is hyper inflating into oblivion. Now Paxos co founder Charlie Cascarilla recently shared that the Middle East Bitcoin and North Africa conference that the entire financial system will eventually be on chain. I agree with that. Dollar peg stables will be the cornerstone of the blockchain economy and improve the utility of the US dollar by bringing the speed of the worldwide connectivity of the Internet to the fiat. Individuals and jurisdictions experiencing the hyperinflation tend to use the US dollar as a store value against rapidly depreciation or depreciating local fiats. Now In March of 2024 the Turkish liras inflation hit a staggering 67%. Not surprised. Turkey has the highest rate of stablecoin purchases expressed as a percentage of the gross domestic product of the world. And in 2023 chain analysis reveal over 50 of the digital assets sent to Latin American countries of Argentina, Brazil, Colombia, Venezuela and Mexico were stables. Mexico, Latin America, Central America, South America, Americas. Let's go, next story, eh? Here's some target from an analyst. Actually, all the next stuff is all bullish. So strap into your safety belts or whatever and get ready because we're going to the moon and it's only a pit stop. As you can see on your screen, the headline reads BitGo CEO Mikey predicts good gains in 2025. Thank you Captain Obvious. Michael, here's the forecast. In a new CNBC interview, Mikey says that despite the crypto industry already being bullish on the new pro crypto administration arriving in Washington D.C. is possible new regulatory environment hasn't been completely priced in yet. Yo, that's right. I think, I think the regulatory, regulatory is somewhat priced in. But in general we've seen that these news events don't always present until they actually are. So look, we have a new administration coming in. Things look very promising, people are very excited, they're very bullish, but it's not here yet. All right? So I actually think we're going to continue to see effects of that all throughout 2025. Remember that for the last two and a half years. We have not just had a regulatory environment that didn't want to help you. We had a regulatory environment that was actively trying to kill you. Preach. And that's why Gary Gensler, if you're listening, go home and get your shine box. There's a new chairman in town and his name's the Nipinator. So all of a sudden with that changing in the opposite direction, we're going to continue to see good gains next year. Can I get an amen? And when asked about whether we will see more companies add bitcoin to their corporate treasuries, Mikey said it's absolutely going to happen. And according to the CEO, the biggest companies simply have too much cash lying around. That is a predictably getting debased by the increase in monetary supply, making the bitcoin allegation the most viable strategy to ever exist for the mankind. Quoting them here, we're talking with multiple clients right now about doing that. It's been a conversation for the last couple of years but frankly the regulatory changes make it a lot easier. Having ETFs available makes it a lot easier. People don't remember exactly how much balance sheet cash some of the top seven companies have. It's hundreds of billions of the dollars. So having some access to thy biddy into thy portfolio, into thy treasury management, it just makes sense. And remember, it's a hedge against whether the US can curtail the inflation. And while we're optimistic about what's going to happen with the new administration over the next few years, America has not had a track record at all being able to curtail the spending money Printer continues over. So if we're going to continue to see the monetary supply go up, Bitcoin is the perfect hedge against that. Let me know if you agree. Disagree. I mean common sense will tell you just that. Yeah, I mean money printer will continue to go burr. Hence pretty little bitty will continue to go up. So let's dive into our next story of the day. Here we go. Let's discuss the 400000 target for 2025. And then a million dollar prediction from the one and only Scotty Pippen, one of the NBA legends. Because bitcoins are ripping like the new Scotty Pippen. Anyways, Bitcoin may reach 150 GS or 400,000 next year based on the strategic bitcoin reserve.
- [16:47]
Sponsor Voice
Ford Pro Fin simple offers flexible financing solutions for all kinds of businesses. Whether you're an electrician or run an organic farm. Because we know that your business demands financing that works when you need it, like when your landscaping company lands a new account. Wherever you see your business headed. Ford Pro Finsimple can help you pursue it with financing solutions. Today. Get started@fordpro.com Financing and the Fed rates.
- [17:18]
JV
According to the Blockware, Bitcoin's price in 2025 could rise up to four times at worst increased by 54% depending upon the Trump Strategic Bitcoin Reserve and the Fed's policies for their reserve, says Crypto Mining Blockware Solutions. 2025 be case for Bitcoin could push it price up 50 58%, around 150 GS from the current price of 94,000, according to Blockware. In which they shared in their report, blockware said that the 150 bear case target is a possibility if Trump does not follow through on the strategic bitcoin reserve, an outcome the industry is hopeful will happen early into the administration. That's right, we also have Jack Mers, founder and CEO of Strike, said Trump will likely issue the executive order on the first day Jan.20th in office to designate Bitcoin as a U.S. reserve asset. Meanwhile, Blockware said that the bear case target is also a possibility if the Federal Reserve further reverses course on interest rate cuts and long term holdings. Those holding Bitcoin for longer than 155 days aggressively sell the Bitcoin as the base case. 225,000 is Blockware's target, assuming the US government turns its Bitcoin holdings holdings into a strategic bitcoin reserve. The Fed cuts interest rates as expected and corporate adoption continues at the current price. So what are your thoughts on their bear base and bull scenarios? 150 to 400 GS Holler. They said the 400, 000 is the bull case and as you know, 420 is my base case. Bitcoin price is possible if the three factors deliver the best outcomes. First, the Federal Reserve must adopt a more dovish stance. Second, corporate bitcoin adoption must accelerate with one of the magnificent seven companies, Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia or Tesla adding Bitcoin to the balance sheet. And one of those companies, Microsoft, had its shareholders vote against the resolution to add the Bitcoin to the company balance sheet during the firm's annual meeting on December 10, which tells me that company is ran by the lizard folk. It is what it is. Finally, the U S government would not only have to convert its existing holdings into a strategic bitcoin reserve, but also accumulate more of the bitty, an outcome that Digital Galaxy recently said unlikely. As I shared in yesterday's pod, that was one of our stories. They don't believe that Trump is going to buy any bitcoin whatsoever, as he pledges to do. The US government will not purchase Bitcoin in 2025. That's according to the Galaxy Research Report. Head of research Alex Thorne and Thorne also said that instead the US Government will create a stockpile using the bitcoin, which it already holds. While discussions of a bitcoin reserve policy shall continue. All right, fam. Now for our feature story of the day. NBA's Scotty Pippen, the NBA legend himself says $1 million is the next stop for bitcoin. So let's break this one down. And for those of you who aren't in the know, Scotty Pippen was on stage with Michael Saylor not too long ago and he's, he claimed he's known Satoshi way before bitcoin was even invented, which was pretty hilarious. But nonetheless, he's been making a lot of bullish tweets or you know, posts over on X. This is the man right here. Let me know if you grew up watching Scotty alongside the legendary Michael Jordan, who's considered the greatest basketball, you know, player of all time. Scotty is one of the greats as well. Many championships and all that. But here's the recent tweet. We'll start here and then we'll go to his profile and I'll just share with you some of the things he's been sharing. It's cool to see NBA legends so bullish on bitcoin, knowing we got to front run them. Well, not Scotty. I mean Scotty's known about bitcoin years before it was invented because he's close friends with Satoshi. Allegedly. But I, I digress. He says here you think you're late to bitcoin because it hit a hundred thousand dollars. I think I am early to bitcoin. Great mindset there because it is 1.7 trillion market cap out of a 900 trillion dollar market cap in the global assets. The next stop for the biddy $1 million. Let me know if you agree disagree with Scotty Pippin. This Satoshi tell you this? See people are already, you know, making fun of him because he claimed to know Satoshi and Mike Alfred put or I guess we call that trolling. Mike says we will probably hit 999000 first. But that's just a conjecture at this point. Precisely. Someone wrote here bitcoin is at the all time Highs. Now we have the most pro crypto government in history. Fink is buying by the truckload are still asleep. Pay attention Anan. And yeah, let's get back to the story family. So yeah, while Pippen might not seem like an all authoritative voice in the world of crypto, his previous bitcoin predictions were eerily. What does that say there? Persistent oppression. If that's pronounced right there. In September, for instance, the former basketball player claimed Satoshi visited him in his dreams to predict that bitcoin would be trading above 84,000 November 5th. Bitcoin ended up surging above the aforementioned level on November 11th, meaning Pippen's prediction was just slightly off.
- [22:21]
Sponsor Voice
Okay, I have to tell you, I was just looking on ebay where I go for all kinds of things I love.
- [22:26]
JV
And there it was, that hologram trading card. One of the rarest. The last one I needed for my set.
- [22:31]
Sponsor Voice
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.
- [22:51]
JV
Bitcoin's currently trading roughly 94,000. Of course, Pippen's eerily impressive prediction track record does not mean that bitcoin is going to surge to a million in the near future. This would mean bitcoin would need to surpass gold by market cap. And I think that's roughly 17 trillion. Correct me if I'm wrong. And even ardent crypto bulls like Galaxy CE, Mike Novogratz believes that it would take Bitcoin 5 to 10 years to achieve such a massive milestone. Still, there are those who believe that the price bitcoin could soar to 1 million in the near future. And for example, Jeff Park a bitwise recently opined that this could be possibly if the US government does create the Bitcoin strategic reserve in 2025. However, he has very low chance of this happening, according to him. Then we have the Blockstream CEO Adam back. The bitcoin OG has also predicted the biddy would match the market cap of Gold in 2025. So some people do genuinely believe we will hit a million again. My bull scenario, which I share with you practically every show, is if Trump follows all his promises, you know, adopting bitcoin as a strategic reserve asset for the United States and for the treasury and stockpiling the bitcoin and making the United States a you. I mean bitcoin mining hub of the world. We can see that happen. But if all that doesn't play out and there's no telling, you know, anything can happen at the end of the day. Now another great post I read earlier and this is just great mindset and why he is a champion. Quoting Scotty Pippen from his most recent post. Kobe is a five times NBA champion. He also holds the all time record for missed shots. Babe Ruth is seven times World Series champion. Also led the MLB and strikeouts for five seasons. Tom Brady is a 7x next Super bowl champ. He also holds the record for the most passes intercepted in super bowl history. Serena Williams, which some would dare say is a man, but I digress, is a 23 time Grand Slam champion. She also holds the record for the most unforced errors in a single match. Novak is a 24 time Grand Slam champ. He also is unbacks and holds the record for the most tennis final losses in history. These aren't contradictions, they are proof of what it takes to win at the highest levels. Winners don't succeed in spite of failure. Such a profound statement here. They succeed because of failure while others shield themselves from the sting of defeat. Winners run towards it, they take big risks and they put their reputation on the line knowing that whatever happens, they'll come out more competent opponent on the other side. And whether you're chasing championships or personal goals, the same truth applies. To double your rate of success, you have to double your rate of failure. The more you learn about what doesn't work, the more you understand what does work. Everything changes when you reframe losses like this. It's not a setback, it's one step closer. It's not a measure of incompetence, it's proof of your willingness to take risk and charge boldly forward. Failure isn't the enemy of success, it is the foundation. That's the realest I've ever heard. So I gotta preach it. Shout out to Scotty Pippen and we'll go from there. Family. Welcome everyone. Join the live stream. This is a Q A Q A segment. There's no Rumble or X due to the, you know, issues on streamlabs. It wouldn't allow the tri stream today. It wouldn't allow a double stream and only a single stream. Hence why we're only single streaming. Yeah, I mean here on the tube as the Nipinator continues to lick himself to send a message to the current chairman of the sec, Gary Gensler. Gary, get your act together. Come on now. I met Michael Jordan once as a child. Did you know he had a restaurant in Charlotte? I didn't know that. That is where I met him. I also met Jane Goodall and was in the newspaper. Well, that's pretty amazing. Fam. Shout out Timothy. I appreciate the super. He wrote T e m a something and then it got shut down by dankness. Appreciate the super nonetheless there. But yeah, there's no shilling tokens and I guess as a loophole people are like, we can show the tokens through the super but it's best not to do that. But nonetheless, we appreciate your support, Timothy and we appreciate the super. The world is full of negativity. It's nice to show it's always on the positive. And don't forget to check out cryptonewsalerts.net for the a full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.