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1872: Max Keiser Suggest $2,200,000 Per Bitcoin In Play
00:35:14
Max Keiser believes BTC is likely to soar as high as $2,200,000 per coin.
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- [00:01]
JV
This episode is brought to you by Amazon. Sometimes the most painful part of getting sick is the getting better part. Waiting on hold for an appointment, sitting in crowded waiting rooms, standing in line at the pharmacy that's painful.
- [00:13]
Max Kaiser
Amazon One Medical and Amazon Pharmacy remove.
- [00:16]
JV
Those painful parts of getting better with things like 24. 7 virtual visits and prescriptions delivered to your door. Thanks to Amazon Pharmacy and Amazon One Medical Healthcare just got less painful.
- [00:30]
Max Kaiser
This episode is brought to you by Atlassian Atlassian makes the team collaboration software that powers enterprise businesses around the world, including over 80% of the Fortune 500. With Atlassian's AI powered software like Jira, Confluence and Loom, you'll have more time to do the work that matters. In fact, Atlassian customers experience a 25% reduction in project duration per year. Unleash the potential of your team@atlassian.com Atlassian welcome crypto fam to the number one daily Bitcoin pod. Bitcoin is correcting another great BTFD opportunity. In today's show I'll be breaking down the latest Bitcoin technical analysis. We'll also be discussing breaking news Thailand City Phuket to pilot Bitcoin and crypto payments for tourists. Nothing stops the biddy train. Amen. We'll also be discussing U S Fed money printing can spur Bitcoin rally here in quarter one A 2025 according to Arthur Hayes Just Blaze. We'll also be discussing Bitfinex derivatives to to El Salvador after securing local crypto license. And you already know yours truly will be in El Salvador in less than 48 hours. Can't wait to be bitcoin country bound. We'll also be discussing nation state Bitcoin adoption to drive crypto growth this year in 2025 according to the latest from Fidelity. Also breaking news, Bhutan's GMC adopts Bitcoin and other digital assets and City strategic reserves. We'll also be discussing Max Kaiser suggests US debt crisis resolution via the Bitcoin standard also goes on to predict bitcoin soaring to 200. I'm sorry it went from 220,000 to now 2.2 million in play. 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 1872 I'm your host JV. It's January 8th, 2025 and within 48 hours I'll be in bitcoin country Practice in the Bukele anomics. Can't wait. So you already know we got a lot to share with you. Market is correcting. Let's kick it off with our Margot watch. We just fell below 94, 000. You can see Bitcoin down 2.6% on the day. Ether correcting. The only top crypto in the green is really XRP as alts are bleeding currently. And checking out coinmarketcap.com the current crypto market cap sits at 3.29 trillion. The Bitcoin market cap back on at 1.85 trillion. We got 174 billion worth of the volume for the past 24 hours with a Bitcoin dominance at 56.7. Ether dominance on the decline all the way down to 12%. Checking out top 100 crypto gainers past 24 hours, not much, only a handful. Even in the green as the majority of the alts are bleeding and in the red checking out the crypto bubbles, we get more of a visual perspective. Let's start on the daily and as you can see, see 95% of the market cracking. And in the red zooming out on the monthly rec city, many of your favorite alts down 10, 20, 30 plus percent. Only a handful including Fartcoin actually in the green and checking out the crypto green and index today we're 70 in greed. Yesterday was a 78. Remember the higher that number goes, more likely of a pullback. And lo and behold after hitting extreme greed we're cracking some and we're back in greed. And checking out the time chain calendar. We currently have 171635 blocks until the having of 2028. We're currently on block number 878, 365. You currently exchange one fiat monopoly dollar for 1052 sats. To stack the sats, put down the gats and pick up some exclusive bitcoin caps from sergio@bitcoincaps.net Bitcoin hourly relative strength index falls to the most oversold since the 60,000 bitty price. That's right, bitcoin tanking today had a serious implication for the low time frame RSI on the hourly chart. The rsi, which is the relative strength index, fell from local highs of 81 on January 6 to 16 a day later. That's unheard of here. Such a rapid decline is very rare. Taking Bitcoin from overbought to oversold within 24 hours. The last time the index measured so low, Bitcoin was trading all the way back at 60 GS. The RSI measured the trend strength and contains three key levels for the observers the 30 overso boundary, the 50 midpoint and the 70 overbought threshold. When the price crosses these levels, depending upon the direction, traders can make inferences about the future of a given uptrend or downtrend. During the bull, Bitcoin regularly spends extended periods in overbought territory, as pointed out by the analysts. And with the latest come down, traders are quickly suggesting the bitcoin price was due for an upward relief bounce in the face of the RSI overaction or overreaction. Quoting Bitcoin Munger no relation to Charlie Munger there 1 hour Bitcoin RSI is at 16 on the 4 hour almost completely reset this episode is brought to you by Indeed. We're driven by the search for better. But when it comes to hiring, the best way to search for a candidate is isn't to search at all. Don't search match with Indeed. Use Indeed for scheduling, screening and messaging so you can connect with candidates faster. Listeners of this show will get a $75 sponsored job credit to get your jobs more visibility@ Indeed.com SBO terms and conditions apply. And despite making new local lows January 8, the RSI contrasted with the spot price downtrend, a deviation that classically precedes the price relief. Quoting David Cox Bitcoin has reach reached the next RSI5 oversold point on the six hour chart as outlined right here. And again, I'll be pulling up the live charts here in a moment. And as reported, bearish Bitcoin price targets remain in circulation in the run up for the inauguration of the US presidential elect. Our new POTUS, the Trumpster, which is officially January 20th, 12 days out, less than two weeks fam. These include a return to the range lows at or just below 90 GS along with deeper corrections potentially to 80,000 or lower. But let me know your thoughts. Do you think we'll correct that low or do you think we'll bounce right back in no time? Like we have witnessed every correction, typically 24 hours. We're back where we left off. You guys let me know. And also breaking news, Bitcoin wallet developer Exodus, which I highly recommend for a mobile wallet, it's one of the best options out there, officially goes live on the New York Stock Exchange Exodus. Let's go. How Many of you have ever used the Exodus mobile wallet. Do let me know. I think it's for computers as well, but from my understanding it's the best option for a mobile wallet. Your best option is going to be cold storage, not a wallet on your device. But nonetheless, if you're traveling, for example, bitcoin country and you want to spend some sats, Exodus is a great, you know, choice. You got Exodus, you got the strike wallet. You know, that's Jack Mueller's company and I would say those two are the best from the research I have done. So that's kind of cool. And, and it's a free wallet to use. Of course. You just download the app. It's called Exodus. I would encourage you guys check it out and use it accordingly. And other breaking news. Thailand city Phuket. I've been there. When I went on my 30 day Thailand vacay way back, I spent a few days out there. They're now going to pilot bitcoin and crypto payments for tourists. Bring it. Let's go. One of my favorite cities in the world is actually Thailand. I had a great experience out there. Can't wait to revisit. Especially if they're going to be demoing bitcoin payments for the wrist. Let's go. And pulling up some of the live charts. Give me a second family. And again, welcome everyone joining the live stream. Bitcoin's correcting. We broke 94. We're in the 93 range. And I'm going to give you a little analysis based upon the live charts right here. Here's the one hour. We do have two targets in play. The red target sits at 110 three and the green target sits at 108. Five. Zooming out from the one hour. Take a look at the four hour. Four hour says it's going up forever. Laura. We also have similar targets on the 4 hour 1104 as well as 185. And zooming out from the 4 hour we'll check out the 1 day chart. And the 1 day chart shows a rising wedge and very similar targets 110 as well. In play. Zooming out from the daily we check out the weekly and the weekly chart also still has the sexy cup and handle target in play at 124,000. Let me know when you feel we'll likely enter that as well as price discovery which is currently 1083. Zooming out from the weekly, check out the monthly real quick. And as you can see that Moonvember candle is the biggest one we have ever seen in bitcoin history since the inception of the Genesis block on the monthly and obviously for December was a tiny itty bitty red candle close and thus far January is yet to be determined as we're only one week deep into the new year here in Q1 of 2025. But there you have it. Crypto fam. Let me know your thoughts, let me know your predictions and where do you feel we're likely to head next? Holla at your boy. Quarter one Bitcoin Price Rally yes please. U S Fed Money printing can spur the Bitcoin rally we've been awaiting. That's right, Bitcoin can benefit for from more than 612 billion in new liquidity during the first quarter of the year, potentially mitigating investor concerns over delayed crypt regulations in the USA. Bitcoin obviously corrected today, it's currently in the 93 range and just the other day it was 1028. Just to show you the extreme volatility which is to be expected. And while President Trump's upcoming inauguration is 12 days out on the 20th, it's seen as a positive for the crypto industry. Delays in implementing crypto regulations could dampen investor sentiment and drive down the valuations. However, the addition of 612 billion in new liquidity to the US treasury by March 2025 may counterbalance any regulatory disappointment. According to Arthur Hayes, just Blaze, quoting him from his recent blog post yesterday, a let down by Team Trump on his proposed pro crypto pro business legislation can be covered by an extremely positive dollar liquidity environment, an increase of up to $612 billion in the first quarter. And according to Just Hayes Blaze, money printing will accelerate after Trump's inauguration, leading to the local top for bitcoin in March before the start of a potential correction. Let me know if you agree. Disagree. Hayes says the correction will likely be driven by disappointment around lagging crypto policy from the Trump Admin, quoting him here, the market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th. This realization will lead to a vicious sell off in crypto and other Trump 2.2.0 equity trades. Despite a potential regulatory disappointment, analysts remain optimistic about bitcoin price trajectory, with some expecting the cycle top above 150 GS. I'd say that's a very modest target driven by a predicted 20 trillion increase in the global money supply which can attract 2 trillion of investment into the bitty. Now, considering we're currently less than a 2 trillion market cap. As far as the bitcoin market cap is concerned, we'd more than double from where we're at now. The recent bitcoin correction has been attributed to reduced institutional investor activity during the holiday season. Institutional investors typically redeploy capital at the beginning of the new year. The institutional liquidity boost could help bitcoin surpass 100,000 before Trump's inauguration January 20, according to Banan's research, quoting them here. While it is possible for bitcoin to recapture 100,000 ahead of the Trump inauguration on expectations of positive crypto regulation, the market will need to see continued supportive conditions to maintain such levels. Quoting the research from Bance. Sustaining these levels over the long term will depend on the various factors, including the actual implementation of the crypto regulations and the Federal Reserve policy path for the year. Institutional Bitcoin hudders remain optimistic ahead of the Trump inauguration. In fact, January 7th New York Stock Exchange listed KR Tech predicted Bitcoin would breach 200 GS this year after the firm just bought the dip and $97,000. So there you go Crypto Bros. Let's discuss El Salvador considering less than 48 hours I'm going to be there for the big Max and Stacy Invitational and excited to meet Chandy in Bitcoin country. So excited. So yeah. Headline here reads Bitfinex Derivatives to move to El Salvador after securing the local crypto license Bitcoin country, the derivatives arm of the crypto exchange Bitfinex has secured a Digital Asset Service Provider license top rate in El Salvador. Thy savior. In a January 7 statement, shared Bitfinex Derivative said with the approval of this license it can relocate from Seychelles to the Central American nation. Let's go. Quoting their CEO of Tether, who also is ahead of Bitfinex Chief Technology Officer, this critical transition represents a defining moment for the bit Bitfinex derivatives and highlights El Salvador's rise as a global financial hub. The firm lauded El Salvador continued efforts in developing new crypto frameworks, saying the move align with its broader goals to deliver financial services in the region. El Salvador has been rapidly pushing through the new Digital asset regulations in a bid to transform the nation into the crypto hub after the country passed its digital asset security laws in January of 2023. Bitfinex secured the local DASP license in April and El Salvador's licensing regime allows companies to tokenize their funds, debt, equity and real estate, simplifying the process of raising capital for companies to issue tokens, fund investments and projects and offer returns to the investors. On November 19, 2024, the firm debuted a tokenized public offering of U S Treasury bills under El Salvador's legal framework. That's right, July of 2024, Fine X securities had to refund investors who participated in a Hilton Hotel tokenization effort after failing to raise a minimum of 500000 required to continue the venture. That's kind of shocking. They couldn't raise a mere 500 000. What is that? 5 Bitcoin the project anyways the project, which marked the first public offering of digital debt assets in el Salvador, only mustered 342000 from investors before the first deadline. Barely 5% of the 6 million looking to raise the funds were intended to finance the construction of the Hampton by Hilton hotel. Sized at 4,500 square meters across five levels with 80 rooms, a restaurant, work area, swimming pool, gym and garden. To own a slice of the hotel, investors had to make a minimum of $11,000 investment. I'd like to own a slice of the hotel for $11,000. Count me in. You? I mean, who wouldn't want a piece of that pie? But nonetheless, fam. Very interesting. Shout out Bitfinex. Shout out bitcoin country. And again, I'll be there in two days. Next story of the day, we discussed the latest with Bitfinex and El Salvador Bitcoin country. Now let's discuss the nation state Bitcoin adoption to drive the crypto growth this year in 2025, according to the major asset management giant Fidelity. That's right. Countries are expecting to add the biddy into the national strategic reserves this year, kicking off significant growth in the crypto market. Quoting them here, we anticipate more nation states, central banks, sovereign wealth funds and government treasuries will look to establish strategic bitcoin positions. That's right. This is according to the Fidelity Digital Asset research analyst Matt Hogan. In the firm's Jan 7 paper titled 2025 Look Ahead, he added that these entities may take notice of the playbook employed by Bhutan and El Salvador and the substantial returns they have been able to glean from such positions in a relatively short amount of time. He said that not making any bitcoin allocation could become more of a risk to nations than making one due to the challenges such as debilitating inflation, currency debasement and increasing crushing fiscal deficits. If the U S goes ahead with a bitcoin strategic reserve, it likely the nation states would begin accumulating in secret. No nation has an incentive to announce these plans as Doing so could influence more buyers and drive up the price precisely. Just like BlackRock and everyone's incentivized who's stacking mad sats right now to buy it on the low. So they're loving these price corrections. And same with the nation state sovereign wealth funds, pension funds. Whenever you make a public announcement, it's just going to drive more Game Theory as the global hash wars continue around the globe Now, Hogan predicted digital assets, structured and managed products would go mainstream this year, adding it was difficult to overstate the success of the spot Bitcoin ETFs quitting them here. With the initial success of these products, it would not be unreasonable to expect this year to bring about more structured, passive and actively managed digital asset products to the world of tradfi. Hogan also predicted the tokenization will be the killer app of this year with on chain value doubling from 14 billion to 30 billion by the end of the year, quitting them here. Tokenization is often seen as a buzzword in the world of the blockchain tech, but its potential and financial services is beyond the beginning to be realized. The Fidelity researchers said investors should prepare for acceleration with increased adoption, development, interest and demand for the digital assets. Then they added, investors are not too late to join the digital asset revolution and believe we may be entering the dawn of a new era for the digital assets once poised to span multiple years, if not decades. So there you have it. Crypto Bros. Let me know if you agree disagree with Bitwise. In their latest report Next story, we discussed the nation's state adoption. Next we're going to discuss the Kingdom of Bhutan and their Bitcoin adoption. Then we'll discuss the latest from the High Priest of Bitcoin, Max Kaiser, which I will be kicking it with him at the Max and Stacy Invitational in 48 hours. I cannot wait. But yeah, here's the latest from Bhutan and then we'll dive into some live Q A and go from there. Fam Bhutan's GMC adopts Bitcoin and other digital assets in the city's strategic reserves. Even Michael Sailor tweeted earlier today, Bhutan pioneers adoption of the Bitcoin Strategic Reserve and Digital Asset Framework. Let's go. Bhutan. That's the type of kingdom I like. That's where the Bitcoin Camelot is. And remember, Bitcoin Camelot is not just the city. This is just as pretty. This is pretty amazing. Bhutan's new Special Administration Region, Galafu Mindfulness City. Let's just call it gmc, shall we? Has announced it will acknowledge digital assets like the Biddy Ether and BNB as part of the strategic reserves. There you go. This will make the region one of the first jurisdictions to hold digital assets as part of the strategic reserve. Formally, the GMC Strategic reserves now include digital assets, an extension of the jurisdictions bitcoin mining activities and will improve the SARS economic resilience. GMC plans to identify digital assets with high market capitalizations and high liquidity for strategic reserves to ensure easy buying and selling with little effect on the prices. Furthermore, the GMC will seek to identify digital assets issued on more developed secure blockchains that monitor the on chain transactions. Sarah Song, head of Business Development, a BNB chain, remarked on the significance of this development. This inclusion of BNB in Bhutan strategic reserve is validation of the blockchain's potential on a macroeconomic level and BNB's value within the ecosystem. It highlights the growing confidence of institutions and governments and digital assets as part of their long term strategic frameworks. This statement comes after the GMC law number one of last year was passed December of 2024 which established the legal framework for businesses looking to provide financial services involving digital assets in gmc. In addition to acknowledging digital assets like the Bitty Ethereum and Bance Coin as part of GMC Strategic Reserve, implementing this law aims to support the expansion of GMC's digital asset ecosystem. So there you go. Kingdom of Bhutan for the win. Now for our feature story of the day, the High Priest of Bitcoin Max Kaiser suggests the US Debt crisis resolution via a bitcoin standard. And also I'm going to be reiterating his newest 2.2 million Bitcoin price prediction. So let's break this baby down and shout out to the High priest. I am extremely excited and honored to be linking up with Max and Stacy at the Max and Stacy Invitational. In less than 48 hours I will be in El Salvador for my first time in bitcoin country kicking it. So looking forward to that. So let's start right here. This is a new published article. As you can see, financial analyst Max Kaiser sparked a debate with his analysis of the U. S economic situation. I guess we'll start here with the actual tweet which was in response to a tweet where someone wrote the 1920s saw the greatest stock rally ever, followed by the worst crash in history. Today's market is following a similar footpath and Max shared Trump's agenda is radical transparency and this means revealing that the US is more than $60 trillion in debt flipping to a bitcoin standard is imperative, but getting there from here means defaulting on U. S. Treasuries, in my opinion. What do you think? Let me know your thoughts and shout out hillbilly will. 60 trillion. It's well over 150 trillion with the unfunded liabilities. So most likely the debt is a lot higher than we even anticipate as the bottom line. So, yeah, let me know your thoughts on that. And I want to get to the 2.2 million prediction. As you know, Max has been calling for 220, 000 in play for years. And more recently he 10x his prediction. And so let's break this one down for you, Max. As you know from the Kaiser report, one of the first to publicly start talking about and promoting bitcoin back when it was like 25 cents alongside Stacy Herbert. He believes bitcoin is likely to soar to as high as 2.2 million in the long term. And long term for bitcoin is within one to two years, just FYI, which would ultimately mean this particular cycle. When people say short term in crypto, I like to believe short term, maybe one to three months, maybe even as much as one to six months, in my opinion. But let me know how you guys translate that. So, yeah, I mean, you already know. El Salvador is the first country to make bitcoin illegal tender. This was back in 2021, a year after Michael sailor's Michael strategy was the first publicly traded company to make put the bitcoin on the balance sheet. Max commented on a tweet from El Salvador's commitment to continue buying and utilizing bitcoin in its economy. As you know, they're purchasing or they have been purchasing at least one bitcoin per day. And some days now they're purchasing as much as 11, you know, bitcoins per day. Their tweet that Max shared says the UAE, which is the United Arab Emirates, supposedly holds 40 billion worth of Bitcoin, even though there has been no official confirmation. This is something he has been talking about, which I have been covering right here in the pod for a very long time. We've been talking about the sovereign wealth funds, potentially, you know, Qatar, We've been talking about the uae. There was recently an event there in Abu Dhabi. We had Trump's son, Eric Trump, talking about speculation of all the bullishness his father is going to be ushering in when he gets inaugurated here in a couple of weeks. So a lot of bullishness across the boards. Now all or many major countries start the bidding. It's presuming Kaiser expects the price of bitcoin to skyrocket over the coming 12 to 24 months if countries around the world begin accumulating bitcoin actively, which we're all pretty confident they're doing, just more so behind the scenes. He then thanked Max Kaiser for the pleasure of following him, I guess referring to this gentleman here. So, yeah, Max Kaiser responded to this tweet. This guy wrote, this guy wrote, el Salvador is obviously committed and pursuing this path, but most other countries have not. The UAE supposedly has 40 billion of Bitcoin, but I haven't seen official confirmation. If all or many major countries start bidding, what would you expect this to do to the price of bitcoin? And Max responded, ultimately repo retweeting. Right, writing 2.2 million per coin. That's if the global hash wars goes into play, as many have been predicting, including Max, who coined the term himself. So let me know your thoughts. Max responded, in that case, 2.2 million per biddy, which is 10x's previous prediction of $220,000. And then of course, Trump adopting the bitcoin strategic reserve would be extremely bullish, as many other nations would most likely follow in his footsteps. But the million dollar question becomes, will Trump follow through with those plans? And I actually will show you or actually play a little clip. Trump when he spoke at the Nashville bitcoin conference before he was re elected via, you know, the November 5th election. And here's what Trump had to say when he was on stage to bitcoiners across the world at the largest bitcoin conference this afternoon.
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JV
I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world. And we'll get it done.
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Max Kaiser
Bitcoin superpower of the world for the United States fam. He says, we'll get her done.
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JV
If crypto is going to define the future, I want to be mined, minted and made in the usa. It's going to be. It's not going to be made anywhere else. And if bitcoin is going to the.
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Max Kaiser
Moon, it's going to the moon.
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JV
He says, as we say, it's going to the moon. I want to.
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Max Kaiser
I like the cadence in his voice when he says, it's a second. Let's go into the moon.
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JV
America to be the nation that leads the way. And that's what's going to happen.
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Max Kaiser
I pledge, obviously, the United States of America does lead a lot of the world. So that's what he's talking about there.
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JV
To the bitcoin community that the day I take the oath of office, Joe.
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Max Kaiser
Biden and Kamala Harris Biden and Kamala Harris's war on crypto is over.
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JV
Harris's anti crypto crusade will be over. It will end. It'll be done. It'll be done.
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Max Kaiser
Finito. That is.
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JV
On day one, I will fire Gary Gensler and appoint a new Gary.
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Max Kaiser
If you're still lurking, go home and get your shine box. Gary.
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JV
SEC Chairman.
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Max Kaiser
Nip Anator is coming for you, Gary. But anyways, let me know your thoughts with some of those predictions, including the latest from Max Geiser. Do you agree? Do you disagree? Do you think the Trumpster will actually adopt a strategic Bitcoin reserve for the United States of America? Do you think that bill will pass and get signed into action with Cynthia Lummis has proposed which is ultimately to purchase 1 million Bitcoin over the course of the next five years, which would ultimately mean the United States of America not only stockpiling the bitcoin as Trump promised, but also purchasing 200 plus thousand bitcoin per year over the course of of the next five years. And Kennedy RFK Jr also gave a very advantageous bitcoin speech at that event, him proposing 4 million Bitcoin being purchased by the United States. Let me know your thoughts and don't forget to check out cryptonews alerts.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. Hodle.