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1864: “Trump Confirmed SBR Will Send Bitcoin to $740,000 by THIS Date”
00:34:48
Dan Morehead predicts Bitcoin could reach $740,000 by April 2028 with a $15 trillion market cap.
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- [00:00]
Ryan Reynolds
Hey, I'm Ryan Reynolds. Recently I asked Mint Mobile's legal team if big wireless companies are allowed to raise prices due to inflation. They said yes. And then when I asked if raising prices technically violates those onerous two year contracts, they said, what the are you talking about, you insane Hollywood. So to recap, we're cutting the price of mint unlimited from $30 a month to just $15 a month. Give it a try@mintmobile.com Switch $45 up front for three months plus taxes and fees. Promote for new customers for a limited time Unlimited More than 40 gigabytes per month Slows full terms@mintmobile.com this episode is brought to you by Global X. Since 2008, Global X ETFs has been committed to empowering investors with unexplored intelligence solutions. GlobalX 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 globalx etc etf's.com Happy Monday. Fun day. Welcome everyone to number one daily Bitcoin pod. In today's show, I'll be sharing the latest Bitcoin technical analysis as we're back in the green. Also be breaking down the latest with Micro Strategy acquisition of 2138 Bitcoin for 209 million. Their yield now reaches 74% thus far this year. We'll also be discussing Hong Kong Legislator proposes adding Bitcoin to their national reserves. Game theory in full effect. We'll also be discussing USDT Issuer Tether adds an additional 7,629 Bitcoin to their Bitcoin reserve. Like Wo, we'll also be discussing breaking news. Decentralized exchange volume hits record high of 462 billion just this month of December. Also, Galaxy Research unveils H1 and Q4 2025 price targets for the Bitty. I'll be sharing these targets of all time highs as well as Bitcoin predicted to hit 740,000 by April 2028, according to Dan Morehead of Pantera Capital. I'll be breaking this down for you. 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 alerts.net again that's crypto news alerts.net but anyways fam, today is pod number 1864. I'm your host JV. It's Monday, December 30th, 2024. Tomorrow's New Year's Eve and before you know it we're going to be into 2025 and 2024. We'll be looking at the rear view. It's been a hell of a year to say the least. The bitcoin ETS went live. Now collectively Micro strategy and black rock have surmassed something or something like what is bitcoin? Just between Michael, I call it Michael, Michael strategy now Micro strategy and Black rock which is mind boggling to say the least. But anyways we did hit 183 which is the current all time high. That's current price discovery mode. And yeah, without further ado let's kick it off with our market watch as we do each and every day. Should be able to see here on coin360 Bitcoin in the green. Ether in the green. BNB in the green Salon in the green. Cardano in the green. This morning it was like 91. So we are pumping back we're above 944 as the pump continue live and in the flesh checking out coin market cap dot com. The current crypto market cap sits at $3.3 trillion. The Bitcoin market cap is 1.868 trillion. We got 134 billion worth of volume in the past 24 hours and currently the Bitcoin dominance is 56.6% with the Ether dominance back on the rise at 12.4%. And check it out top 100 crypto gainers past 24 hours. Leo, Dow, Athena and Sui lead in the back which all said Fanny are you bullish on for the bull Holl at your boy and checking out the crypto bubbles we get a visual perspective on the day. As you can see everything just flipped green once again. Maybe 6040 green over red. Zooming out on the monthly 7,030 red over green. Checking out the crypto greed and fear index. We're currently a 65 greed yesterday 73 last week at 70 last month and 84 and extreme greed and checking out the time chain calendar we have 172921 blocks until the next having in 2028 we're currently on number 877,000. And what's this? The difficulty adjustment readjusting here and we're you can currently exchange one US fiat monopoly dollar for one 79 sats. So stack them stats or forever hold your piece and there you have it. But anyways, yeah, first let's look at some of the live charts you can see via Coinbase via Trading View. We do have a bull target on the one hour in the red sitting at 111,000. We do have a target just under that at 1085. And then there's some bear scenarios on the one hour chart as you can see on your screen. And zooming out to the 4 hour, 4 hour chart, lots of action here as well. We had the red target also, it's sitting at 111. What a divine number. Send it you already know. And a green target at 185. And then there's some bottom targets we'll ignore. And then zooming out to the one day, the daily chart. Lots of targets going on. Here we have the rising wedgie. We do have a red target of 112 currently in the daily zooming out from there we'll look at the one week and as you can see, Staircase to Heaven, little corrective candle obviously formed taking some of that momentum away after entering price discovery. And we just got a itty bitty red candle close last night for Sunday and that was the final weekly close for the year. But we still have $124,000 cup and handle target in play here for Q1. And zooming out a little further, take a quick look at the one month. 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. And as you can see, Moonvember was massive and we have one day left until we get the December close. Do you think we'll go on another rally between then and then or do you think we'll just likely sit and float where we're currently at? Holl at your boy and do let me know. And with that being shared family, what I'm going to do next is actually pull up the latest from M Micro Strategy and their latest acquisition. But let me SW seen for you guys. You should be able to see here on your screen. Micro Micro Strategy buys 2138 Bitcoin for 209 million. Their yield reaches 74% in 2024. Mind boggling, right? December 30, Michael Michael Strategy announced it added 2138 Bitcoin to its holdings between the 23rd and the 29th. The company said it used 209 million in cash to purchase the coins at an average price of about 97, 800 per biddy. And according to the filing, Micro Strategy funded the acquisition by selling 192,000 shares. During the same week, Micro Strategy reported that its Bitcoin yield, the performance metric for the crypto investments, reached 74.1% year to date as of December 30th. From October 1st to the 29th, the metric stood at 47.8%. Now, Sailor previously said the company would continue buying Bitcoin at any price. The Micro Strategy exec said the company will still buy the asset even if the price hits a million per coin, which is a 10x from where we're at. The latest Bitcoin purchase marks the eighth consecutive week the business intelligence firm purchased thy bitty. Since October 31, Micro Strategy bought Bitcoin Weekly adding 194000 Bitcoin to its holdings. However, the amount of Bitcoin the company bought had decreased significantly compared to the purchases back in Movember. During the month, MicroStrategy bought over a hundred thousand Bitcoin. That's insane for a one month acquisition family. And on December 23rd its filings with the USSCC said wants permission to increase the number of authorized shares for its class A common stock and preferred stock. This would give them more flexibility to issue additional shares whenever they need. The company seeks to raise the authorized class A common stock from 330 million shares to 10 billion shares. Damn. And in addition, it also wants to increase the authorized preferred stock from 5 million to more than 1 billion shares. And there you have it. There is the latest acquisition from Michael Sailor and MicroStrategy. Now we're ready to rock. Next story of the day Family and again. Welcome everyone joining the live breaking news out of Hong Kong legislator proposes that in Bitcoin to the national reserves. Let's go. Hong Kong for the win. Hong Kong legislator wants the Special Administrative Region to take advantage of China's one country two systems policy to include Bitcoin in its national reserve for financial security. Winning now. Wu Zheng Hong member of the Hong Kong Legislative Council, shared that the state owned newspaper Wenway Po that Hong Kong could study the market impact of the U S based pop Bitcoin ETFs and pointed to the smaller nations such as El Salvador and Bhutan which have integrated Bitcoin into their strategic reserves as well as certain U S States. He added that the U S President Trump's proposal to make the Bitcoin a strategic reserve asset could have a significant impact on traditional markets. In fact, we're going to discuss how that can take the Bitcoin price of 740000 while Trump is in office. Stick around. That's our feature story of the day. And according to him, Hong Kong's authorities should make good use of the one country, two systems and first try including Bitcoin in the ETS before further exploring ways to increase Hong Kong's Bitcoin holdings. Now he also highlighted the potential of the Bitcoin to attract talent and investment while also reinforcing financial stability amid market fluctuations. He emphasized that holding Bitcoin as part of the national reserves can mit disruptions caused by broader adoption in traditional markets offering Hong Kong the first movers advantage. The report stated that Hong Kong's financial services and the Treasury Bureau will formulate crypto regulations based on the same business, same risk, same rules philosophy, quoting them here. If major economic powers take the initiative to include Bitcoin and strategic reserves, the value of Bitcoin will be more stable, causing more and more other countries to follow suit and reduce their holdings of traditional assets. This will result in the fall of the price of traditional assets and will shrink the government's fiscal reserves holding traditional assets. And according to the report, China currently holds 190000 Bitcoin through various confiscation efforts, making its Bitcoin reserve second only to that of the United States of America. And in mid 2024, another Hong Kong Legislative Council member, Johnny Ng, announced plans to collaborate with various stakeholders to assess the feasibility and potential benefits of incorporating the bitty into the Special Administrative Regions financial reserves. As Johnny shared here alongside posting the Trump speech from the Nashville conference, former US President Trump recently gave a speech at the US Bitcoin Summit sharing his views on Bitcoin. Bitcoin and Web3 have already gained the attention and development of the countries around the world and Hong Kong is also actively becoming a hub to promote these technological advances. We call it the Trump Pump. He also highlighted the increasing global awareness of the ibity, making it a crucial element in the discourse of the digital assets and their integration into the traditional financial systems. And if you don't know, now you know. Crypto Bros next Story of the day family keep the comments of flowing again. We're streaming live on x Rumble and YouTube. We got a lot to share. Big news. Tether USDT also made a massive acquisition. Not just Mike Michael strategy but USDT issue a tether add 7629 of the biddy to the Bitcoin reserve. That's right Broskis. According to on chain data, the Tether reserve wallet received the bitcoin units worth 705 million. The funds came from its affiliated crypto trading platform Bitfinex after it had remained dormant for nine months. Currently, Tether Bitcoin reserves hold the total of 82, 983 bitties. The firm accumulated this funds for almost 3 billion at an average price of 36000 per Bitcoin winning. And per the on chain data, these bitcoin holdings are currently worth $7.68 billion. As the on chain lens points out here just in Tether bitcoin reserves have received 7,629 of the Biddy where 75 million from Bitfinex after being dormant for nine months. Currently the Tether Bitcoin reserves 82,983. Holy moly. Accumulated for almost 3 billion at an average price of 36,000. So they're up almost 3x on their investment. Tether is the dominant stablecoin in the market, which we all know with a total of 138 billion market cap over the past year, the firm has been diversifying its excess capital into the bitty and other assets. Assets specifically, the firm started to allocate the funds to Bitcoin from as far back as May this year. The firm resolved at the time to invest as much as 15% of its monthly net income into the bitcoin. And as reported, the stablecoin issuer plans to invest $5 billion into its AI platform in the coming year. The firm also plans to showcase the prototype of its AI platform by the end of quarter one 2025. You know, right at around the corner and beyond the Tether Bitcoin transaction update. A major concern for the stablecoin issuer is the FUD which is currently being battled regarding global operations. As the markets of crypto assets regulation come into full effect today, the concerns regarding its delisting has grown. I think that's only particularly in the UK FYI. And amid the growing FUD, the USDT market cap slumped by 2 billion. A drop in the bucket now pegged at 138 billion. While the stable coin will only exit the centralized exchanges in the eu. And that's the rumor, that's the FUD USDT will still be available on decentralized exchanges and peer to peer platforms and address in the concerns. Tether CEO said the firm's rivals are just desperate to make you believe things that don't exist. Hence fud. It's make believe to shake the trees as he shares here a great thread MA regulations. How do they apply to the stable coin specifically to usdt. Don't believe the FUD competitors are just desperate AKA USDC which is Circle's company and as you know all the great ones, you know the establishment is against them and I believe personally that USDT is one of the great ones. They're legit, they're doing everything right. But the establishment is promoting USDT or I mean USDC which is Circles company and fudding usdt. But I mean what do you expect and breaking as you can see tether just bought the 7,600bitcoin for 705 million. They continue to increase their Bitcoin holdings. Now we're 7.7 billion aka the whales are loading them up. Let's dive into our next story of the day. We got 700 people here. We're live on ax rumble and YouTube. Keep the comments flowing. Always greatly appreciated. Here's the latest with decentralized exchange volume setting a record high of $462 billion here in December. That's right, decentralized exchanges set a record high for December, with the monthly trading volume soaring to 462 billion, according to decentralized finance data platform platform Defi Llama now. Data released December 30 today showed December was the highest ever month for the Deck's volumes, continuing the momentum for the novemble. In Novemble, the D5 space saw a monthly volume of 374 billion, driven by the anticipation of a more favorable regulatory regime, ultimately meaning the departure of Gary Gensler and the lizard folk in the United States following Trump's victory the U S presidential election. Unis Swap remained the leading Dex by trading volume, recording 106 billion over the past 30 days, according to the DeFi Llama. Pancake Swap secured second place with 96 billion in monthly volume. Salana's largest DEX, Radium took third place after the trading platform had a volume of 58 billion in the last 30 days. The uptick aligns with the revenue boost in Salana's decentralized apps during November and on December 17, research platform Syndica reported Salana based DAPS recorded a revenue of 365 million in November, largely driven by the mean created on the Solana meme Coin launch pad Pump Fun Now Aerodrome or Orca took fourth and fifth spots respectively. Aerodrome had a volume of 31 billion while Orca's volume raised 22 billion. Lifinity Curve Finance and Hyper Liquid recorded a combined volume of 43 billion. And while the D5 trading volumes climbed, the mean coin market experienced a sharp correction this month. Coin market cap data shows overall meme coin market cap skyrocketed at the beginning of December before crashing and on December 9 meme coins peaked at 137 billion in market cap. However, as of December 23 the total market cap for the meme based tokens dropped by 45 billion and 92 billion. And at this time the total market cap for memes are sitting at 95,000,020 lower than its market cap from December 1. The early surge in December was likely driven by the increased interest from the US based trading platforms listing meme coin such as Pepe hitting the new all time high. And there you have it Crypto Bros. What are your thoughts on some of that? Let me know. But anyways, next story of the day family, let's discuss the 185000 target according to this analyst. Then we'll discuss a 4 or 740000 target with the United States establishing a strategic Bitcoin reserve with Trump as our potus. Obviously this is coming from Dan Moorhead from Pantera Capital. But first let's break down this target and welcome everyone. Join the live stream. Galaxy Research unveils H1 and Q4 2025 price targets for the Bitty sees Ethereum hitting new highs next year. That's right. In a new threat on X Galaxy Research is Alex Thorne says he sees bitcoin surging by nearly 100% from the current levels before 2025 expires. Amid the increasing adoption of the largest digital asset by the market cap. Quoting him here, Bitcoin will cross 150G and H1 and test or best 185 in quarter four. 2025. A combination of the institutional, corporate and nation state adoption will propel the biddy to New Heights in 2025. And throughout its existence, Bitcoin has appreciated faster than all the other asset classes. Faster than bone thugs in harmony, particularly in the S P500 in gold. And that trend will continue in 2025. Bitcoin will also reach 20 of the gold market cap. And right now the gold market cap I think is like 17 trillion. Bitcoin market cap just shy of 2 trillion. And it lays it out here the compounded annual growth rate of the Bitcoin versus the gold and the S P numbers don't lie. Check the scoreboard. Thorne also believe that the Bitcoin ETPs which are the exchange traded products, will witness tens of billions of dollars of inflows next year. Quoting him here, the US bought Bitcoin ETPs will collectively cross 250 billion which is a quarter trillion in assets under management next year 2025 and in 2024 the Bitcoin ETPs collectively took in more than 36 billion of net inflows, making them the best ETP launch as a cohort in history. Many of the world's major hedge funds bought bitcoin through the ETPs including Millennium Tutor and TE Shaw while the State of Wisconsin Investment Board bought a position according to the 13F filings. And after just one year the Bitcoin ETFs ETPs are only 19 away, which is 24 billion from flipping the assets under management of all the U s physical gold ETPs. Data from analytics from Coin Glass shows the Bitcoin ETFs collectively have nearly 110 billion in assets under management. Ain't no joke. Collectively now just Black Rock and MicroStrategy now hold roughly 1 million BTC crazy right? And looking at the Ethereum ETF, Thorne predicts that the leading layer 1 protocol will see a fresh all time high next year quitting them here. Ether will trade above 5,500 condo in 2025. Let me know if you agree Disagree A relaxation of the regulatory headwinds for the D5 and the staking will propel Ether a new all time high in 2025. New partnerships between D5 and TradFi, perhaps conducted inside the new regulatory sandbox environments, will finally allow traditional capital markets to experiment with public blockchains and earnest with Ethereum and its ecosystem seeing the lion's share of the use, corporations will increasingly experiment with their layer 2 networks mostly based on Ethereum tech. Some gains utilizing public blockchains will find the product market fit and the NFT trading volumes will meanfully rebound. So there you go. Yeah, let me know if you agree disagree with some of those predictions family and do you think the NFT market will rebound like what we saw in 2021 when it was all NFTs board, APE, yacht club monkeys being sold for millions of dollars while the influencers flexing on us? Let me know. But anyways fam now for our feature story of the day. Bitcoin predicted to hit 740, 000 per coin while Trump is in office or around that time, he leaves. Theoretically he would leave January of 2028 and this prediction is by April 2028, but close enough. And this is according to Dan Moorhead, Pantera Capital. So let's discuss the United States adopting a strategic Bitcoin reserve, because that's what it's all about and that's what's on everyone's mind right now. Some very bullish predictions to share with you in this other headline here, Trump confirms the bitcoin reserve plans with a 15 trillion price boom predicted. And currently the gold market cap is roughly 17 trillion. So what happens when bitcoin overtakes that of gold? Pretty little bitty going up. That's right. Dan Morehead. Probably the coolest name for any broski to ever have granted on this planet. But I digress. The CEO of Ben Capital made the bold forecast about the bitcoin future growth trajectory. By April 2028, he sees Bitcoin rising to 740G's baby and attaining a market cap of 15tr. And since Pantera's first investment in 2013, Bitcoin has averaged an 88% annual growth rate. Hence, this estimate fits historical facts. Morehead's confidence derives from his conviction that at barely 5%, the Bitcoin present presence in the world financial markets reflect a fraction of its actual potential. Preach now. Morehead, yes, please. Supports his forecast by stressing Bitcoin's relatively minor presence in the global financial system. Valued at about 500 trillion. That's a half a quadrillion family. This disparity highlights a lot of the space for development, especially since the institutional investors and FOMO, like a MoFo, see Bitcoin as a reasonable asset class plus so much more. Regulatory developments are also very important since shifting the frameworks are supposed to turn the past challenges into the drivers for the more general acceptance. Morehead contends that the value of the Bitcoin might expand drastically when governments and financial institutions adopt blockchain tech. But you already know. Now on track record, check this out. Panta gives the view more weight. They launched their Fund back in 2013. The firm's Bitcoin fund has shown lifetime gains up a mere 131,000%. Therefore supporting Morehead's claim that the crypto sector is set for the explosive expansion. Ain't seen none yet. It's going up forever, Laura. Looking ahead, the strategic importance of the bitcoin also determined its fade outside personal investing. As reported, Bitcoin is the main asset for national reserves and economic Leadership since it's compared to the digital real estate, particularly for the US which runs the danger of losing its worldwide edge should it neglect the biddy as the pillar of his digital asset strategy. All eyes on Trump, the new POTUS taking office Jan 20 as his team has already confirmed the bitcoin strategic reserve plans. In fact, Eric Trump, one of his sons, was just speaking over at the UAE at the, you know, United Arab Emirates, doubling down on what they're likely to do. So you already know. What are your thoughts? Do you think Trump will follow through with some of his promises? Do let me know. I'm going to play and remind you what some of those promises were right now as I sampled the audio from his recent speech in Nashville. Here's Trump on bitcoin.
- [24:31]
Donald Trump
This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet.
- [24:39]
Ryan Reynolds
Clearly, the crypto or bitcoin capital, the planet right now is bitcoin country, El Salvador. Do you think Trump will follow through with his plan and make bitcoin literally the, you know, bitcoin or crypto capital of the planet? Let me know. That's the first promise.
- [24:55]
Donald Trump
The bitcoin superpower of the world.
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Ryan Reynolds
He specifically says bitcoin superpower of the world, they have the potential to do it, but the question is, will they actually do it? Let me know.
- [25:05]
Donald Trump
We'll get it done.
- [25:07]
Ryan Reynolds
He says we'll get it done.
- [25:12]
Donald Trump
If crypto is going to define the future, I want to be mined, minted and made in the usa.
- [25:20]
Ryan Reynolds
If bitcoin crypto is going to be the future, we need bitcoin mined and minted in the usa. We need to make the United States of America the bitcoin mining capital of the world. If he follows through with that, let's go.
- [25:33]
Donald Trump
It's going to be, it's not going to be made anywhere else.
- [25:37]
Ryan Reynolds
We don't want it made in China. Granted, everything else in the world is made in China, Indonesia or India. Just look at the tags and the labels of what you buy.
- [25:46]
Donald Trump
Bitcoin is going to the moon, as.
- [25:49]
Ryan Reynolds
We say it, where no man has gone before the moon. You hear that?
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Donald Trump
Going to the moon. I want America to be the nation that leads the way.
- [25:59]
Ryan Reynolds
And we're going to lead the way, family.
- [26:02]
Donald Trump
That's what's going to happen. I pledge to the bitcoin community, he.
- [26:06]
Ryan Reynolds
Pledges to all of the CNA fam at the bitcoin cafe, holding it down.
- [26:11]
Donald Trump
That the day I take the oath of office, Joe Biden And Kamala Harris's anti crypto crusade will be over. It will end.
- [26:19]
Ryan Reynolds
It'll finito to the war on crypto. You're out of here, Gensler. Now go home and get your shine box. You too, Warren.
- [26:28]
Donald Trump
Be done. It'll be done.
- [26:31]
Ryan Reynolds
What a play on names, Warren. And there's a war on crypto. Coincidence? I think not. Evildoers.
- [26:41]
Donald Trump
On day one, I will fire Gary Gensler and appoint a new sec.
- [26:47]
Ryan Reynolds
Gensler, if you're watching the stream right now, you're fired. Now go home and get your shine blocks. So, yeah, let me know your thoughts. Do you think America will actually follow through with the plans of the potus? Holla and I'll read your comments out loud. Welcome, everyone, to the Q A segment of the live stream. Let's make America healthy again. Amen. Thanks for the reminder. Stream labs. Make sure you subscribe. Number one Bitcoin music channel, Shandy 10 Music, hands down, is 740 on April 1st. It's a great day. Other than him asking if we have heard of a zable so far, the announcements helped all the Dino Coins. Dino Coins. Gensler didn't even have to use this toupee. I have to say, it was a good day. You feel me? But here's what we're gonna do. We got 832 people here live and in the flesh, 320 of you on the tube right now. We're live on x rumble and YouTube. We're about to flip it to the uncensored extended version of the pod. So if you're on YouTube, you ain't got to go home, but you got to get out of here. Head on over to the Rumble. The direct Rumble link is rumble.cryptonewselerts.net and we're going to continue with the uncensored extended version of the pod for the next hour, which is my favorite part of the Daily Show. So head on over the rumble. Rumble.Crypto newsletters.net if you're on Extra Golden. But if you're on YouTube, head on over to the Rumble. See you soon, deuces. The YouTube should be ending any moment. He will follow through, but how much will be purchased is the real question. What's another question? Will they only stockpile what they already have, 200,000 bitcoin, or will they actually have a plan to purchase, let's say, a quarter million to a million bitcoin per year, as Senator Lummis proposes? 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.