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1869: “This Is The Only Reason Bitcoin Reaches $1,000,000 in 2025”
00:35:06
Bitwise IT director Jeff Park believes that the success of Bitcoin adoption in the U.S. could push the price to $1 million per coin or higher.
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- [00:02]
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- [00:30]
JV
Happy Sunday Funday. Welcome everyone to number one Daily Bitcoin Pod. In today's show I'll be breaking down the latest Bitcoin technical analysis. We'll also be discussing 19 trillion in transactions have been settled on the bitcoin network in 2024 alone. We'll also be discussing FTX payment plan is now effective, but when exactly will users see their funds? I'll be breaking this down for you. We'll also be discussing Janet Yellen warns of an extraordinary measure incoming as 36 trillion national debt approaches the ceiling. Wal be discussing Micro Strategies Sailor post a Bitcoin tracker hinting at a big Monday purchase of $2 billion. We'll also be discussing the price for one Bitcoin will be a million dollars in 2025 and it is possible under this one condition. 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 1869. I'm your host JV. It's January 5, 2024. Church is in session. I'm going to be preaching the holy gospel of Satoshi over the course of the next couple of hours and we have a lot to share. Let's kick it off with our market watch as we do each and every day. And as you can see, Bitcoin taking a bit of a corrective move maintaining above 982 at the time of the live and we have Ether in the green back on the move trading above 3,600 while Salana, Tron, BNB and the majority of the alter correcting and in the red and checking out coin Market cap. Com Current crypto market cap sits at 3.49 trillion. Bitcoin market cap 1.943 trillion. We got roughly 82 and a half billion of volume for the past 24 hours. Bitcoin dominance took a step back the other day and it's currently 55.7% with ether dominance back on the rise but barely at 12.6%. And checking out top 100 crypto gainers past 24 hours we have AIO up 17%, move up 13% and SEC up 8%. Which alts if any are you bullish on for the bull? Holla at your boy and checking out the crypto bubbles. Get a visual perspective on the day. I'd say like Safe to say 90% of the market correcting and in the red zooming out on the monthly very similar story only more drast rec city correction carnage in the red and checking out the crypto greed and fear index. Today we're 72 greed, yesterday 73 last week at 73 and last month of 72 in greed and checking out the time chain Calendar we have 17244 blocks until the next having we're currently on block height number 877,956 tick tock next block every 10 minutes since the inception of the Genesis block which we just had the anniversary of a couple of days ago. 16 years in the making and you currently exchange one fiat monopoly dollar for one 21 sats. So stack the sats, put down the gats and let's get it and welcome everyone. Join the live stream now for our astrology for the brosis as we call it. Also be pulling up some of the live charts and we'll go from there. This headline reads Bitcoin Exchange Inflow and Minor Outflow drop Bitcoin reclaim 100 GS and we got so close to it just the other day. The total amount of the bitcoin transferred on the exchanges and the MIN outflow, the amount of the bitcoin sent by the minor exchanges have significantly dropped since November 2024, suggesting reduced selling pressure. And according to crypto quant Bitcoin exchange inflows November 2024 peaked of 98.748at the Biddy November 25th following approximately two months of heightened exchange inflow activity in Exchange inflows declined December 2024 but remains significant, with the total number of the bitty sent to the exchanges ranging from 11,000 to 79,000 coins per day. The reduction in inflow is accompanied by the reduced minor outflow, indicating reduced selling pressure for the bitcoin miners who regularly offload their bitcoin holdings to pay for the operational expenses. Answering some of the questions from earlier like JB why do People ever sell their bitcoin? There's a prime example. Maybe they're all in on bitcoin and to continue the operation they gotta like pay for the cost electricity. Such as the miners. Yeah, I mean maybe more ASIC miners, whatever it may be. Maybe they got to pay their taxes, who knows. But it does obviously cost money to run businesses. Minor outflows have been declining since high scene in November when the minor secured profits during the bitcoin historic price rally following the election of Trump. That was November 5th. And data for crypto quant shows outflows peak in November 11th when a miner sent 25,000 of the bitty to the exchanges at a price of approximately 88,000 per coin. Then January 1st of this year miner sent almost 5,500 Bitcoin.
- [05:31]
Ryan Reynolds
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- [05:57]
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- [06:01]
JV
40 gigabytes of details to the exchanges followed by 5 Bitcoin January 2 and 2100 Jan 3 and which was the official Genesis block day 16 year anniversary since the inception of the Genesis block. Bitcoin needs to beef up the trading volume to rally in January to get to that 110 level which would send us the price discovery as the current all time high. Sitting pretty at 1083 quoting the analysts right here Alex the market structure remains bullish with no clear signs of being overheated. However, for a strong impulse we lack sufficient trading volume. Therefore we are waiting for the market to recover from the holiday season and tweet from Max Kaiser. In a nutshell, why Bukele is unique. He was told by the World bank and IMF not to stop the plague of gang homicides because it would collapse the economy and threaten their loan payments, he said. F you not only didn't the economy suffer, it took off like a rocket ship to the moon. So respectable. That's why we practice our buchelle nomics. Can't wait to be in bitcoin country in five days. Checking out some of the live charts little live Chart action, Jackson satisfaction for the Broskis and of course can't forget about the Siskis. So here we are live chart one hour via TradingView via Coinbase and we have a red target in play at 110,000. We have a rising wedgie, the only wedgie I approve of. We also have 185 target in the green for the bulls. And zooming out from the one hour we take a look at the four hour and the four hour says we're going up forever, Laura. We also have the one. What is that? 110. Yep, 110. 4 and 1085 on the four hour chart. Zooming out from there we go to the one day, one day chart. Lots of price action. We do also have that rising wedgie there. Similar price target of 110 and 108. And zooming out from the daily, we check out the weekly and we do get a weekly close here in a few hours. And happy 420 for the Broskis is 420 here in Puerto Rico. And as you can see there's a sexy cup of handle target on your screen. Green sitting at 124. What month, what time preference of this year of 2025 do you think we hit that 124 target on the weekly chart? I think Q1 it's a lock. Which exact month? I don't really know but hopefully sooner than later. And zooming out from the weekly, we take a look at the monthly and the monthly says we're also going up forever, Laura. And we're already forming a nice green candle close for the month of January. We just kicked off Q1 here. Trump is about to take office in three more less than three weeks. Virtually two and a half weeks or yeah, just over two weeks. So you already know things are about to change. Gensler, you're fired. Go home and get your shine box. You got a new chairman in town and his name is the Nipinator. But anyways Next headline reads 19 trillion and transactions were settled on the bitcoin network just in the year 2024. That's pretty phenomenal. More than $19 trillion with the transaction settled over the bitcoin network last year. More than double the 8.7 trillion settled the previous year of 13. Damn. And reverse in two years of declining transaction volumes since 2021. According to the data from the vice president of the research at Riot, Bitcoin transaction volume peaked during the 2021 bull market at approximately 47 trillion and sharply declined in 2022. And 2023. As he wrote here, the Bitcoin network finalized more than 19 trillion worth of the Bitcoin transactions in 2024, decisively proving the Bitcoin is both a store value and a medium of exchange. Thank you Captain Obvious. Bitcoin had a momentous 2024. You say that again. Which included the introduction of the Bitcoin ETF in the US which officially went live January less than a year ago. And the April 2024 having event which we all know is a very bullish catalyst which only occurs every four years. The first one was in 2012, second one 2016, third one 2020 and the fourth one we had in April of 2024 last year. Here's the Bitcoin network transaction volume from 2019 to 2024. You can see in 2019 it was only 3.9 trillion. It doubled in 2020, it massively surged at 2021 to 47 trillion. And last year it was only 19 trillion, which is virtually half of what we experienced in 2021. Meanwhile, the Bitcoin hash rate breaks records in early 2025, which is sign of the times. Typically the bitcoin price always follows the hash rate. So as long as we keep reaching new unprecedented all time highs of price discovery, when it comes to the hash, we know the price is likely to follow. The bitcoin hash rate is the total computing power securing the bitcoin protocol which hit a new all time thousand exahashes per second and I believe it's a thousand quintillion exahashes per second. But we don't need to get so technical, do we? That was on actually January 3rd, which is the anniversary of the Genesis Block. Sixteen years in the making. However, the hash rate quickly fell back to 775exahashes per second. Data shows from Crypto Quant. US based Bitcoin mining pools accounted for over 40 of the global hash rate, meaning over 40% of the Bitcoin is mined in the United States and the country controlling the most computing power the network continues to be debated. I guess some say China, some say the United States. What are your thoughts there? According to the Minor MAG, the two US mining pools, Foundry USA and Mara Pool, accounted for 38 and a half percent of all the blocks mine last year. Despite the increase of the hashing power, China based mining pools still control the majority of the hash rate on the bitcoin network. And that's up for debate I guess. An accurate gauge of the hash dominance is difficult to establish due to the synonymous and geographically distributed nature of the bitcoin mining. And that's a good thing. We don't want government to know exactly every location of where every node is. That wouldn't be a good look. That's like telling the bad guys in Dragon Ball where all the dragon balls are located. You just don't do that. They'll summon the dragon and do something evil. Mining pool operators and companies may be headquartered within the country, but often rely on the hash rate contributed by the individual miners living around the world. Moreover, we have VPNs allowing users to master IP address and thank God for that, further obfuscating the true geolocation of the miners. And there you go. Crypto Bros what it do Ended up filing Chapter 11 bankruptcy and all the shenanigans went down. Let me know and here's the latest with what's going on there. The reorganization plan for the crypto exchange FTX is still going through a bankruptcy proceeding. Doesn't seem like it take forever. It's been going on for years. Took effect January 3rd. Interesting on the inception of the Genesis block anniversary and will allow users to begin receiving repayments. In a recent post, FTX debtors said the users requesting funds should be wary of phishing emails designed to look like they were sent for an exchange. Customers need to have filed a claim to the official website to be eligible to receive reimbursement, which FTX said should happen within 60 days for the first group. And according to the FTX plan, an initial group of convenience classes will be the first to receive their repayments, including users claiming 50,000 or less. The plan approved back in October stated that 98% of the FTX users can expect to be paid 119% of the declared value of their funds, and I'll break down my synopsis of what that really means when I'm done reading it. Repaying users could be one of the final throws of the FTX soccer saga, beginning with the exchange filing Bankruptcy November of 2022, moving to some executives being sent to prison for their role in defrauding the users. And at this time, you know Bankman Fried is serving a 25 year prison sentence and I'm skeptical he'll remain in prison. I've been calling since before he was even sentenced to prison that the Biden administration would likely pardon him and now that's actually a legitimate bet over on Polymarket. Can't make this ish up. Let me know if you guys agree. Disagree, but anyways, many creditors have criticized the debtor's plan for claimants to receive reimbursement based on the prices the cryptos the exchange held at the time of the bankruptcy in 2022, the price of the Bitcoin increased by more than 400% in two years. So yeah, so my understanding is instead of them paying you back the one bitcoin hypothetically you had on the exchange, they're giving you the US fiat monopoly dollar equivalent at the time when we were at the bottom of the market in 2022, which is like a spit in the face ultimately saying h seriously? Because right now bitcoin's worth a hundred thousand. At that time it was like 20,000, hence they say 400. Close to 500% increase since that time. So when they say they're paying back 119, that's just a bunch of smoke and mirrors. People aren't getting even a fraction of what they should be receiving because no one is really being made whole. The only way to be made whole is to receive the exact crypto you had on the exchange, not the fiat equivalent. Who gets gets the difference? The lawyers? Or is it the department of like who really like? Everyone's getting scammed again. It's crazy, but of the FTX executives indicted amid the exchange collapses, only two escape prison time. How they did that I have no idea. But Nishot and Gary Wang, apparently former FTX CEO Bankman Freed and Caroline Ellison and former FTX Digital markets Ryan Salami were all sentenced to years in prison, though SBS has filed an appeal for his conviction. And like I said, knowing these people, their families and who they're connected to, and considering that Bankman Freed was the second largest donor to the Democratic Party, I'm highly skeptical that guy's gonna remain in prison. It's like he gotta get outta jail free card and can't do no wrong like the rest of the lizard folk. But that's just my two satoshis. Let me know your thoughts and I'll read your comments out loud. Welcome everyone into the live. What do we Discuss next? This 36 trillion dollar debt in the lizard folk such as Janet Yellow. Here we go. Treasury Secretary, which I thought just resigned. Didn't I read that story a couple of weeks ago? Janet Yellen is urging Congress to act as the debt ceiling deadline approaches. In a letter to the speaker of the House Mike Johnson, Yellen says the government will likely reach his debt limit sometime in January. What do you mean they have a debt limit? Never heard of such thing. Largely because of the obligation related to the Medicare payment forcing the Government to take extraordinary measures Sounds like some shenanigans if you're to ask jv the treasury has previously used the term extraordinary measures to refer to suspending investments in certain entitlement programs, pausing sales of government series treasury securities and other accounting maneuvers to keep the government a running. Here's quoting Michellen herself Treasury currently expects to reach the new limit between the January of the 14th of the 23rd, at which time it will be necessary for the treasury to start taking extraordinary measures. I respectfully urge the Congress to act to protect the full faith and credit of the United States. Here's my suggesting suggestion to anyone really running Congress. Don't do anything that lizard lady tells you to do because it probably has awful intentions because she is a criminal. Tax avoidance, all that stuff. And Jamie Dimon knows the details. The U. S national debt is currently 36 trillion. The government spent nearly 1 trillion simply to service the interest on the debt. Yet for the fiscal year of 2024 which ended last year September 30, according to the Congressional Budget Office and in a new interview with the Wall Street Journal CEO Council Summit Yellen express regret about not being able to improve the US Fiscal situation. Yeah, you've been destroying the fiscal situation since you've been appointed. Now get out of there and go home and get your shining box along with the Gary Gensler I thought you were ready to resign. What are you still even doing giving Congress advice? Lizard folk Quoting her one more time and then we'll get rid of her. I am concerned about the fiscal sustainability. I'm sorry we haven't made more progress. I believe that the deficit needs to be brought down, especially now that we're an environmental higher of interest rate. For example, over the last year the interest cost for the debt has increased by several hundred billion. It's one of the largest items responsible for the increase of the budget deficit and we do need to bring it down. The primary deficit, excluding interest is now a little over 3%. I believe it needs to come down. Here's one thing I will agree with with Michelling. The debt deficit does need to go down. But I will guarantee you however she's proposing to take it down is not going to take it down, is only going to make it worse. You want to bring the debt down? Sell your gold crap and trade it for bitcoin. That will bring your debt down. Right? But I can guarantee you anything she's proposing is only going to make it worse and cause more inflation and make more people poor because she works for the D forces of evil and doesn't have a good cell in her body of God. Right. She's been infiltrated by the dark forces and I'll leave it at that. She gets me w up. I can't look at these people any longer. And yeah, I mean, be be silent. We've had enough damage from her. Get rid of her stat Trump. Amen, J.B. thank you Rock Mama. Next story of the day. Here's the latest with Micro Strategy and then we'll discuss the $1 million catalyst which will realistically send bitcoin to a million dollars in 2025 and the only catalyst according to the analysts and but here's the first headlines from Sailor MicroStrategy Sailor Post a Bitcoin tracker hinting at a Monday purchase and as pointed out here from Bitcoin Magazine, for the ninth week in a row, Sailor Post a sailor Bitcoin tracker. MicroStrategy always buys more Bitcoin the next day. So there's a precursor or foreshadowing, which ultimately is Michael Saylor flexing, announcing before he makes the announcement that he's about to make the announcement. So more than likely tomorrow is going to be announcement. In my opinion, it's probably going to be yeah, we just purchased another $2 billion worth of Bitcoin. If not exactly 2 billion, it will still be a significant purchase. Nonetheless, we don't know the exact amount. Just in the year 2024, Michael Sailors MicroStrategy purchased over 200, 000 Bitcoin. Freaking BlackRock purchased over 500, 000 Bitcoin. Just between the two of them, it's over 700, 000 of the bitty mindboggling. But here's the latest micro Strategy Co founder Mikey Sailor posted a bitcoin chart from the sailor tracker website Jan 5, the same chart Sailor typically posts on Sunday before purchasing bitcoin on the following day and to fix the correction of the article, announced the purchasing of the bitcoin, which means he's probably been purchasing it all week and tomorrow he makes the big announcement, quoting them here. Something about the Sailor Tracker is not quite right, the tech founder wrote, hinting at an impending bitcoin acquisition. On the Monday, Sailor Post posted the same chart. A week ago December 29th, MicroStrategy purchased 2100 Bitcoin at an average purchase price of 97, 000 per coin. December 30th the company is eyeing more purchases, a part of the 2121 plan to finance the acquisition of the 42 billion of Bitcoin by issuing the 21 billion in equity and 21 billion in fixed income securitized now MicroStrategy enter the NASDAQ 100 awaited stock market index of the 100 largest companies of the NASDAQ exchange by the market cap and that was December 23rd. More recently and micro Strategy's addition to the index gives traditional stock investors holding the instrument through the ETFs and direct exposure to the ibid. And following the inclusion of the company into the NASDAQ 1 hundo. Micro strategy called a special shareholder meeting to increase the amount of shares to finance the purchase of the Bitcoin for the corporate treasury strategy. And they were the first publicly traded company to put the Bitcoin on the balance sheet to begin with back in 2020. And according to December 23 filing with the SEC, Micro Strategy asked the shareholders to approve an increase of the Class A common stock from 330 million shares to 10.3 billion shares. The company also asked shareholders to increase the authorized shares of preferred stock from 5 million shares to over 1 billion shares. And on January 4, Micro Strategy announced it was seeking a 2 billion raise through a perpetual preferred stock offering. That's why I assume he's going to announce a $2 billion buy tomorrow. We shall soon see. The perpetual preferred offering will be senior class A comm stock in case of a bankruptcy and it will take priority over the equity huddlers during the financial distributions and a corporate liquidation. The proposed raise is separate from the company's core 2121 plan to finance the purchase of the biddy and is expected sometime in quarter one. I guess they mean 2025. Another error coin telegraph I gotta hold you accountable, but there you have it. Yo. Let me know your thoughts. Do you think Michael Saylor will make yet another massive announcement tomorrow purchasing potentially a couple of billion dollars worth of thy bitty? Holler at your boy and read your comments out loud. Now for our feature story of the day fam. The price of one bitcoin hitting a million per coin in 2025 is absolutely possible under this one circumstance according to this bitcoin influencer. So let's break this story down for you, shall we? So yeah, Trump's idea to add Bitcoin to the US National Reserve is unlikely or even crazy crazy at least next year, which is now this year according to experts including the Bitwise Management Company U S Federal Reserve Chief Jerome Powell Lawrence Summers who served the U S Treasury Secretary 19992001 now here's the guy we're talking about Bitwise's IIT Director Jeff park estimated the likelihood of such a plan happening at less than 10. I want to know if you agree disagree My personal thoughts I I'm more adventurous, like optimistic. I think 40 chance right I got 40 hope that we we can achieve that. Meaning I don't think it's the most likely scenario, but it's a very strong possibility. Not the most probable, but absolutely possible. Let me know if you agree Disagree Now Powell as well as Summers did not support the idea at all. Not surprised. Even those who are generally positive about the incoming administration point to the legislative regulatory obstacles to adopting such drastic changes to the state reserve. We all know Jay Powell is in bed with the dollar. He serves lizard folk who work for the dollar and the money printers and his only job is to pretend the US dollar is strong. We understand. However, park believes the success of the biddy adoption in the US could push the price of the major crypto to 1 million per coin or even higher. As he says here, the idea of the federal Strategic Bitcoin Reserve in 2025 is an event with a less than 10 probability of happening. This is the only reason Bitcoin can reach 1 million or higher in 2025. However, even if the Trump plan done materialized, demand for the biddy from traditional companies is expected this year. The reason for the development, such as the trend, may be the success of Micro Strategy and the number of the other companies whose shares rose in value after the adoption of a strategy to create the Bitcoin reserve. This opinion was expressed press to the block by Jake Ostrovskies, a representative of Winter Mute, one of the largest market makers for the crypto sphere. The basic idea behind buying the biddy to booster the corporate balance sheet is that it can prove the company's balance sheet while boosting the stock price. This strategy was started by the Micro Strategy chairman and the one and only Mikey Sailor. And as Bitcoin accumulated Since September of 2020, MicroStrategy shares have risen more than 2,000%. That's a 20x baby, reaching an all time high of 543 bones in late November. The previous price peak was $333 recorded in January of 2000, according to data from the Trading View platform. As of December 27th, MicroStrategy clocked in at 341 bones baby. And if you don't know bones is just slang for dollars, I think this will be pretty strong driver next year, said the expert. I would say Sailor. Success thus makes this strategy more palatable to the other public companies, and I suspect there'll be a lot more of them in the near future, 2prime Digital Asset CEOs Alexander Blum told the block. Once upon a time, buying Bitcoin for balance was a reality only for the crypto natives. Now it's becoming mainstream amid the promising post election prospects. Expect more and more publicly traded companies to spend their surplus monies looking at Bitcoin as a reserve asset and let me know if you agree. Desert and in addition to the continuing trend of buying the biddy for the balance sheet, he also predicted that some companies may start using Ether as an investment vehicle. As he says here, it's probably a matter of time before someone does the same with ether. I'm a little skeptical there, but hey, that's just me. For example, Bitwise Bitcoin Management company has applied for a new etf, the Bitwise Bitcoin Standard Corporations etf, which will only buy shares of companies that will add the bidding to the balance sheet. Another bid for the related fund to MicroStrategy has been submitted by Strive, a management company co founded by Remick Ramsawani. He is expected to co head the Doge alongside Tesla chief car maker Elon. The fund called the Strive. The Bitcoin etf, unlike Bitwise, does not target the purchase of the company's dog, but only debt securities that are issued by companies for the bitcoin future purchases. MicroStrategy has been issuing such debt and plans to do so in the future. His experience has been adopted by the largest US mining company, Marathon. For example, November Marathon issued bonds totaling 700 million with maturity until 2030, part of the raised funds they used to buy the biddy. However, this had no effect on the marathon prices. In 2024 the company's share price fell about 18%. And we have other companies doing the sailor put such as the Japanese company Meta Planet and other companies are following in the footsteps of adopting Bitcoin for the Treasury. 2025 is the year of the Bitcoin for the Treasury. The treasury, the United States States Bitcoin reserve and the other countries are going to follow because they all follow the leader and the leader is the free world. It's the United States of America. But who has the first movers Advantage? Bitcoin country Mr. Bukele, the first one to adopt Bitcoin as a legal tender all the way back in 2021 front running the rest of the masses. But hey, there you have it. There's the latest and greatest let me know if you have any insights there. What are your thoughts on the probability of bitcoin hitting a dollars in 2025? I shared my personal thoughts, my bull scenarios. 1.1 million and throwing a random number I'd say 40 chance Trump follows through with the promises. I like the team behind him. I like they're all pro crypto. But I also understand there's dark forces controlling the money printer which have a lot of power and that the things Trump want to do he may not be able to do. You just never know. So I am also low key skeptical, but I'm still bullish to the fact even if things don't go according to plan, even if the forces of evil end up winning when it comes to, you know, bitcoin laws and like that and stockpiling the bitty for the country, I can still see a modest forex for this cycle. 420am I based for the Bros? Of course I'm based for the Broskis, and we'll leave it at that. And don't forget to check out cryptonewsalerts.net for the 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.