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1870: Cathie Wood Just Doubled Down on Her $1,000,000 Bitcoin Forecast
00:34:08
In a recent interview with Bloomberg, Cathie Wood reiterated that Bitcoin is headed to $1 million per BTC.
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- [00:01]
Adrian
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- [00:32]
Daniel
We're up over 4% on the day and this is the first time surpassing a hundred thousand in the new year here in 2025 and we blew right past a hundo currently above 102, 000 in today's show, I'll be breaking down the latest Bitcoin technical analysis. Also breaking news Clean Sparks Bitcoin stash climbs to 9,952 BTC as the hash rate continues to grow. In fact the hash rate hit another all time high. Also Micro Strategy kicks off 2020,070 Bitcoin purchase announcement. Another thousand of the biddy. Just like that. I'll be sharing the latest from the Gigachad Michael Sailor. Also publicly traded K U L r buys an additional 213 bitcoin for $21 million. We'll also be discussing Meta Planet eyes upping their bitcoin holdings to 10,000 BTC this year as well as Crypto exchange traded products. Start the year with 585 million worth of inflows. I'll be sharing the latest report from Coin Share as well as Bitcoin. Trump rally could wane ahead of the end January FOMC meeting. I'll be sharing the latest from 10X Research as well as the latest from rich dad Robert Kiyosaki. He says giant market crash is here and unveils his massive Bitcoin price target for 2025. We'll also be discussing Kathy Wood just doubled down on her one million dollar price forecast for Bitcoin in her latest interview. I'll be sharing all the highlights. 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 Crypton News Alerts. Net. Again that's Crypto News Alerts. Net. Today is Pod Episode. Let me check it out. It's 1870. Good Lord welcome, Daniel, to the pond. And it's January 6th, 2024. Bitcoin making major moves. Our biggest price gain of the new year above 100 GS. We're above 102 at the time of the live stream. Let's kick it off with our market watch as we do each and every day. You can see Bitcoin up 4%, Ether up 1 1/2 percent. Virtually all the major cryptos pumping. And in the green checking out coinmarketcap.com the current crypto market cap is 3.6 trillion. So we're back on the rise. BitCo reclaim 2 trillion. As far as the market cap. Let's go. That's a good sign. And yeah, we're above 102 and check. Let me check out the dominance. 129 billion worth of volume for the past 24 hours. Bitcoin dominance is back on the rise 56.2% and ether dominance 12.4%. Checking out tot 100 crypto gainers past 24 hours. SPX up 15%. Worldcoin up 12% and pudgy penguins up 10%. Which alts, if any, are you bullish on? For the bull holla. And checking out the crypto bubbles with a visual perspective on the day. And it's nice to see because yesterday 90% of the market was in the red. Today 90 to 95% of the market in the green. Just like that. And zooming out on a monthly get a broader perspective. 90% of the market wrecked in the past 30 days. That's because the alts obviously, as you can see on your screen. And checking out the crypto green interfere index, we're finally back in Extreme greed as of today rated a 76. The higher this number go more likely of a correction. Yesterday 72. Last week a 65. And last month a 75 in greed. And checking out the time chain calendar, we're currently on block number 878. 105. We got 171,895 blocks to the next having of 2028. And check this out. Less than a thousand sats per dollar. Fam 991 to be exact. So exchange that fiat monopoly money while you still can for close to 1000 sats per dollar. Anyways, fam, let's dive into today's technical analysis. Let's just pull up some of the live charts right now because we're pumping. The charts are looking extremely sexy right now. Here's the charts via trading view via Coinbase. This is the one hour and we'll work our way out. You can see the big green candles which have formed. We also have variable targets, 1 sitting at 1103 which would take us back back to price discovery. The current all time high we achieved not too a few weeks ago was 10. So I'll take us right above. We also have a target of 1085 here on the hourly chart. And zooming out, take a quick look at the four hour chart and as you can see in your screen, we do have a bull target of 110 4. And we also have another bull target of 1085 that's on the four hour. So very reminiscent of the one hour. And zooming out a little further we check out the daily. You can see a big green candle forming where we're at here today. We also have some bull targets, one sitting at 110 200.
- [05:33]
Adrian
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- [06:01]
Daniel
And another one at around 108. And zooming out from the daily, we'll check out the weekly chart which also shows the 124 cup and handle target which has been in play. The weekly chart looking very bullish. We did get a nice, you know, close yesterday. We weren't above a hundred thousand yet, but it was bullish enough to push us above 100 or 102 here today, which is a nice thing. I think it's going to be extremely bullish this year, especially in the first quarter with Trump about to, you know, take office over in the United states in literally two weeks. January 20th is the official day. We know Gary Gensler has resigned. Janet Yellen has resigned and as of today, Justin Trudeau, the prime minister of Canada has also resigned. Sign of the times. And zooming out on the monthly, you can see no particular targets, but you can see we're already forming a nice green candle and this month is just kicking off so very bullish across the boards. Now as a bonus, I want to share with you some accumulation companies that have been stacking the sats, which is a beautiful thing. And this is let's start with Clean Spark. This was just published so this is brand new. Their stash just climbed to 9,952 bitcoin. And the hash rate also just recently hit another all time high. So companies are adopting and stacking bitcoin like there is no tomorrow. They have accumulated roughly a billion dollars worth of bitcoin since by the end of last year, which was last week ultimately for 2024. And they're not slowing down. And then of course as we predicted, micro strategy announced another 170 Bitcoin purchase. We knew it was coming due to the foreshadowing with the trackers we covered in yesterday's pod. Not as big as a buy anticipated but still very respectable. As Michael Sailor wrote here, micro strategy has acquired 1070 Bitcoin for 101 million at 94000 per Bitcoin winning and has achieved a Bitcoin yield of 48 in Quarter 4, 2024 and 74 for 2024 as of 01-05-2025 we huddle. 447470 Bitcoin acquired for 27.97 billion at 62,000 per Bitcoin. His strategy has been by the top dollar cost average because he's in it for the long haul and now his company is absolutely crushing it. Unprecedented growth. Also as you can see here, the hash rate chart is through the roof which is a great indicator that the price is about to hit price discovery as the bitcoin price follows the hash rate and so we like to cover that metric also more stacking. Publicly traded K U L R also buys an additional 213 of the biddy for $21 million. Meta Planet eyes up in their Bitcoin holdings to 10000 Bitcoin this year. That's right. Meta Planet currently holds 1762 Bitcoin wants to increase their stash by 467%. Do you notice a pattern? Yeah, I mean what I just point out. Clean sparks bitcoin stash climbs almost 10,000 bitcoin. MicroStrategy buys another 1,000 bitcoin. Their stash is now literally 447000 bitcoin. The hash rate hits a new all time high. Publicly traded company kulr buys an additional 213 bitcoin and meta Planet continuing to buy the pity. That's the pattern. Meta Planet aims to expands his bitcoin stash more than five fold to 10000 bitties this year as analysts predict the that's going to be beyond all the previous polls. I'm just saying. The Japan based venture capital firm was one of the Most notable companies to follow the microstrategy bitcoin investment playbook, we call it the Sailor put back last year and currently hold 1762 of the biddy worth $173 million from 19 purchases. The Meta Planet CEO Simon said on X that its aim this year is to increase its holdings to 10,000. Bitcoin, that's a hell of a name. By utilizing the most accretive capital market tools available to us. They also said they aim to advance the bitcoin adoption in Japan and globally as well as grow Meta Planet's impact in Japan in the bitcoin ecosystem. Quoting them here, the Bitcoin Treasuries we are going just or sorry, let me rephrase. We are not just building a company but driving a movement, he said. Simon, their CEO Meta Planet is the largest corporate bitcoin holder in Asia and has the 13 largest bitcoin holdings amongst publicly listed companies. That's according to the Bitcoin treasury. So shout out Simon. Extremely bullish on the bitty. Shout out. Jason Buck, I see you just gifted 10 memberships to the channel. That's very kind of you. And I just want to congratulate all the new members of the channel. That's going to include Jerome Smith, Dirty cs, I Love Kitties, Larry Low, Joe Buddy, Andy Markowitz, Pam Powers and Champ, as well as Kingston crypto ygk. You've all been hooked up with the micro strategy membership of the channel on behalf of Jason and and thank you Jason because it reminds me that I'm gonna gift 10 memberships a little later on the show as well. So you gifted 10, I'm gonna match it. I'm gonna give 10 more memberships. That's a total of 20 memberships which will be gifted today on the YouTube channel. So if you're watching On X or Rumble, head on over to the YouTube, participate in the chat so you have a likely chance to potentially win when we gift some more memberships here shortly. Thank you again Jason, very kind of you. The plan comes as asset managers Vaneck and Bitwise predict bitcoin will reach 180 to thousand this year or potentially higher if the United States adopts the strategic Bitcoin reserve, which obviously Trump would have to sign that bill and that bill would have to get passed through Congress. Let me know if you think that's likely to happen. Simon said if the US follows through with a bitcoin reserve, it can trigger a global domino effect. I agree. And that's where my 1 million or 1.1 million target comes from. If that actually occurs, quoting them here, countries around the world will follow. Japan is one of those countries where they will what they do is look at the US as their bigger brother, big brother following in the footsteps. So if Trump does adopt it as a strategic reserve, then Japan and many other countries in Asia will do the same. That's what's up. And that was according to Michael Saylor's Bitcoin New Year's Eve party over in Florida and shout out to the Oracle, she just gifted five MicroStrategy memberships of the channel as well. So that means there's going to be 25 total gifted today. Amazing. Congratulations Robert Johnson, the real big Captain Banana, Debo and Ricky Bobby, you've all been hooked up with the micro strategy membership of the Channel. On behalf of our one and only Oracle, JC Ice, thank you JC Meta Planet is among many firms that plug or plunge into Bitcoin last year as it gained 120% over the year and they're the latest to purchase 620 Bitcoin on December 23rd representing 35% of its entire stash. Its shares are now up 950% since it started accumulating the bitty on April 23rd with an average purchase price of $77,200. So pretty fantastic. Crypto ETPs start 2025 with 585 million according to the latest data from Coin Shares. The early inflows did not offset the heavy selling of the last two trading days for 2024, which meant crypto ETPs which are exchange traded products, saw 75 million of net outflows for the full previous trading week. And that's according to the Coin shares report. Despite the late year dip, 2024 closed breaking year for the crypto ETFs with 42 billion of inflows, a 320% increase from the previous record of 10 and a half billion set in 2021. The historic launch of the Spot Bitcoin ETF in the United States, which was officially January 11, contributed to the bulk of the inflows according to the head of research James Butterfill. Not to be confused with Butterbean over at their coin shares. Now Bitcoin ETP is dominated last year with 38 billion of inflows accounting for 29% of the 130 billion of Bitcoin and total assets under management. Meanwhile, the ether based ETP saw a resurgence in late 2024 bringing full year inflows to $4.8 billion or 26% of all 18.6 billion ETH in assets under management. That's billion dollar worth of ETH in assets under management. The total assets under management for the crypto ETP is amounted to 160 billion. Damn. And that was just in 2024, the year of the launch. This growth was bolstered by 438 million of inflows products and 257 million of inflows into the multi asset ETPs according to the coin shares data. And while the US was the largest crypto ETP buyer with 44 and a half billion of inflows coming from the country, Canada also emerged as the biggest crypto ETP seller of last year. And according to Coin Shares, Canadian crypto ETP saw 707 million of outflows in 2024. Countries like Sweden. Germany also posted 682 million and 382 million in crypto ETPs outflows for the last year. And crypto ETP outflows in Canada, Sweden and Germany wiped out the inflows from countries like Switzerland, Brazil. We saw 630 million and 234 million of inflows respectively. Next Story we're going to discuss the Trump FOMO Headline here reads Bitcoin Trump rally could wane ahead of the end January FOMC meeting well, that's according to the 10x research, so let's just break this down. A Trump led rally expected to occur in the days leading up to the January 20th U.S presidential inauguration two weeks out could wane towards the end of the month as the Fed publishes its first interest rate decision of the year. In a research report published January 5, 10X Research founder Marcus Thielen predicted a positive start in early January would be followed by a slight pullback ahead of the CPI inflation data January 15 before rallying yet again ahead of the Trump inauguration. Quoting them here, a favorable inflation print could reignite the optimism fueling a rally into the Trump inauguration inauguration. However, this momentum may wane with the market likely retreating somewhat ahead of the FOMC meeting January 29th. Let me know you agree. Disagree According to the Fed Watch tool, It shows an 88.8% chance very high probability that the U S Federal target rate will remain between 425 and 450 basis points following the FOMC Jan. 29th meeting. Bitcoin fell nearly 15 to 92. 8 after the FOMC meeting Dec. 18 when it trimmed the number of the 2025 projected interest rate cuts from five to two. The Fed's announcement is the primary risk behind a bitcoin rally this year, according to Thielen, quoting him again, we anticipate lower inflation this year, though it may take some time for the Federal Reserve to recognize and respond to this shift formally. Another key factor will be the pace at which the institutional investors return to the crypto market, reflected through stablecoin minting and spot ETF inflows. He also expects Bitcoin to be in the 97 to 98 range by January's end. Why so bearish? But anyways, crypto lending firm Lenin's chief investment officer John Glover said bitcoin may pull back to 89 before rebounding and hitting 125,000 by the end of the first quarter. And from there Bitcoin can retrace to 100,000 once more before it makes an attack towards 160 in late 2025, early 2026. Glover's 160 estimate is more conservative than the 180 and 200, 000 predictions by asset management firms Vaneck and Bit Wise. And as we pointed out earlier, the Crypto Greed Inferior index shows bitcoin back in extreme greed rated a 76 and just note the higher that number goes, the more likely of a correction. But we are pumping in the present and that's all that matters. And happy $102,000 Bitcoin. This is our first time above a hundred thousand for the New year. Here's the latest from the rich dad Robert Kiyosaki. He says giant market crashes a year and he unveils his bitcoin price target for the New year. So shout out Robert Kiyosaki. I guess we'll start right where his tweets are. Here's one of his recent tweets. Giant market crash here. Question how can I love when he asks questions and answers them them? He's brilliant. How can I be so bullish on gold, silver and bitcoin? Answer because the idiots running the Fed, the Treasury, the banks and the Wall street only know how to print the money. Pretty little pretty money printer go burr which makes things worse. FYI when fake money is printed, the rich who own the real assets get richer while the poor in the middle class who save the fake money, the fiat dollars get poorer due to the inflation and taxes those who store their fiat at the bank. What do we call them folks? Let inflation make you richer not poorer. Save gold, silver and Bitcoin. Take care Crashes here. Now here's my two satoshis. Bitcoin is the apex predator so I mean for me the only option would be all in bitcoin. I can care less about precious metals with relative scarcity, which they can always just find more in the earth. They just invest more into digging it up. Right? So gold and silver are completely controlled and manipulated by the central bankers and governments around the world who are hoarding the, you know, the precious metals such as the gold. Now what if some of these countries around the world started to dump their gold reserves for the bitcoin? It's going to dump gold. And Bitcoin's market cap will overtake the 17 trillion dollar market cap of gold. Gold only a matter of time. So in my opinion bitcoin is going to outperform gold and silver probably by a factor of 100x or even more. Right? That's just my two satoshis. Let me know if you agree disagree. But anyways, he also says my prediction for Bitcoin in 2025 is between 175,000 and $350,000 per coin. Happy New Year. Let me know if you agree disagree with the rich dad. Now also some other things he more recently shared. I stopped trusting my government in 1965 when I noticed our silver coins were now alloys of Cooper or yeah, I don't know if he meant copper Cooper, I don't know. But in 1971 President Dixon continued the theft of our wealth via our money. Then Tricky Dicky Nixon took the US dollar off of the gold standard. And if you do not like being bent over and your wealth wealth stolen via your fake money, keep being ignorant. Ignorant. I'm being ignorant about being ignorant, working hard for fake money. And continue listening to financial planners who will tell you what to do with your fake money. Unplug from the matrix, stack thy biddy and the rest is irrelevant. And let me know if you agree or disagree with the rich dad. And regarding his targets 175 to 350. In my opinion they're both very bearish. Obviously we gotta cross these marks to hit my targets. But my more bear base scenario is 4:20 in my bull scenario. If Trump follows through with all the things he promised, I feel we can potentially hit 1.1 million this year in 2025. But that's just my two Satoshis. Now for our feature story of the day. Kathy Wood of Ark Invest was was recently interviewed and she doubled down on her 1 million price forecast for the king crypto bitcoin. Is she right? Well let's break this down and shout out to Kathy Wood before I even get into the new prediction. I'm going to hit you with a throwback that I shared. Let me time stamp it for you. This was back on July 18th of 2023. I wrote this up after studying some of her predictions. She went on to share in an interview. We went went to a bear base and bull case. Our bull case is 1 1/2 million. Again she predicted this back in 2023. The base case is 682 000. Now one reason internally our confidence has increased towards the bull case is because what happened during the regional bank crisis in March, what happened as regional banks are going bankrupt and the stocks are imploding across the board, bitcoin rallied from 19,000 to 30,000 thousand. Why did that happen? That was a flight to safety. That is the insurance policy we're talking about that we believe everyone will want at the end of the day. Insurance policy against two things. Number one, confiscation of wealth either directly or by inflation or the deflation world. What is it a hedge against? It's a hedge against the counterparty risk we won't have an 0809. With Bitcoin, everything is decentralized and transparent. No obfuscation. And this was before the announcement of Trump the strategic Bitcoin reserve. This is before Trump spoke at the conference in Nashville. So now let's get a little Update because nearly two years ago, as you know, Kathy Wood of Arc Invest made the infamous prediction that Bitcoin would reach $1 million by 2030. That was well before bitcoin ever broke through the hundred thousand price level and even before the launch of the new Bitcoin E ETFs, which were January 2024. So the prediction came when bitcoin was emerging from the Crypto winter of 2022 and its prospects looked uncertain at best. So in a brand new interview with Bloomberg, Wood reiterated that bitcoin is heading to a million dollars by 2030. Send it. In fact, if everything goes according to plan, she says it might even go to one and a half million, which is her doubling down on her bull scenario video. But why is she so bullish? Let's discuss it. The primary factor driving bitcoin surging price, says Wood, is its inherent scarcity. According to the bitcoin algorithm, its total lifetime supply is capped at 21 million and 19.8 million coins already in circulation. And 5 to 6 million are lost, gone or stagnated forever. Laura. And at this point, says Wood, bitcoin is even more scarce than gold. Oh, it's way more Scarce. Bitcoin offers true scarcity. Gold offers what I refer to as relative scarcity. Bitcoin is the first commodity in human existence with a finite limited supply. That's it. The first, yeah. I mean the supply. Bitcoin is carefully controlled by its algorithm and there's no way to crank up its production. It's also immutable. You can't change it, it's impregnable and hence it's going up forever. Laura that's limited supply. It's important because the demand for Bitcoin continues to rise. Everyone is suddenly racing to own the bitty. And that demand will help boost the bitcoin price given its relative relatively fixed supply. So to come up with her original 1 million price prediction for Bitcoin, she deployed a building block model for estimating its future price. And according to Ark Invest, several different building blocks are driving Bitcoin demand. One of these building blocks is demand from the institutional investors, the FOMO, like a MoFo, who are choosing to allocate more of their portfolios to Bitcoin. Now that the spot big on ETFs are available to the investors, institutional investors have a useful tool for calibrating their precise exposure to the bitty. In her original model, she used the base case allocation of a modest 2 1/2% for Bitcoin. In the best case scenario, she says, institutional investors might choose to allocate as much as six and a half percent of their portfolios to Bitcoin. And again, when she originally made this prediction, it was in 2022, before the bullishness we just recently experienced. And another building block is the growing demand for Bitcoin as a long term store of value. Until recently, the idea of substituting digital gold, AKA Bitcoin, for physical gold had not really taken off. But now more investors are buying into the idea of Bitcoin as a hedge against inflation. And another building block is something Wood refers to as a nation state Treasury. Now we're talking. Which is demand coming from central banks and sovereign governments around the world. And across the world, nation states are contemplating holding Bitcoin as a reserve asset. I mean, why wouldn't they? Especially if the leader of the free world, the Trumpster, makes the big announcement. The most recent example is President Trump's campaign promise creating a strategic Bitcoin reserve for the US and according to the current outline of the plan, the US government will commit to buying 1 million bitcoins over a five year period. That's 200,000 bitties per year with a suggesting holding period of 20 years. That that's five freaking cycles. Bring it. Several u. S States, including texas, Florida, Pennsylvania have also said they would create a strategic bitcoin reserve of their own. So the momentum for the government ownership of the bitcoin continues to build. So is 20 trillion market cap possible? Abso freaking lutely. And we'll end the story there. Just common sense. If the gold market cap is 17 trillion and Bitcoin overcomes it, we're right there, family. We're right freaking there. So anything is possible. Pass the bill, cynthia. I know. Let's sign that bill into action and game on now. Welcome, everyone. This is the q a segment of the live stream. Considering we're pumping the way we are, we're gonna flip this mofo into a pump. Watch. 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.