Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News Episode 1877: “Trump Expected To Sign On Day 1 Pro Bitcoin Executive Order” Release Date: January 16, 2025
Host: Justin Verrengia

Introduction: Live from El Salvador

In Episode 1877, hosted by Justin Verrengia (JV) and his co-host, the show is broadcast live from El Salvador, marking the final live stream of their current trip. JV shares his enriching experience in the region, underscoring El Salvador’s pivotal role in the Bitcoin ecosystem.

JV [00:59]:
"Welcome Crypto Fam to the number one daily Bitcoin POD broadcasting live from Bitcoin country El Salvador. This will be the last live stream from El Salvador for this trip. It's an honor to be here."

The hosts set the stage for a comprehensive discussion encompassing market analysis, regulatory developments, and significant Bitcoin price targets influenced by the upcoming U.S. presidential inauguration.

Market Recap: Bitcoin and Cryptocurrency Performance

The episode kicks off with an optimistic overview of the cryptocurrency market. Both hosts highlight substantial gains across major cryptocurrencies, emphasizing Bitcoin’s resurgence.

JV [02:58]:
"Bitcoin up 3% on the day. Ether is up almost 7% on the day. XRP took a massive gain. I think this is the first time it passed $3 since 2017, up 15% on the day."

The total cryptocurrency market capitalization is nearing $3.5 trillion, signaling a robust recovery.

Co-Host [03:25]:
"Once we get a refresh 3.5 trillion. We're back in the game."

Dominance metrics are also discussed, with Bitcoin maintaining a dominance of 56.4% and Ethereum at 11.8%, indicating Bitcoin’s continued leadership in the market.

Technical Analysis: Bitcoin Power of Three Setup

The hosts delve into technical analysis, focusing on the "Bitcoin Power of Three" setup, which suggests bullish momentum leading to significant price targets.

JV [05:54]:
"This three-part setup is commonly known as the power of three or the AMD. It is divided into phases of accumulation, manipulation, and distribution."

JV outlines a price target of $103,000 by Trump’s inauguration day, highlighting a recent surge where Bitcoin recently surpassed $100,000.

JV [05:22]:
"Bitcoin's trend deviation liquid sweep near 89Gs on Monday occurred after a period of sideways consolidation between Jan 9th and the 13th. Bitcoin's flash decline under 90 GS was a short-term move. Less than 48 hours. We're right back at it, up 11 GS."

The technical discussion includes various chart perspectives, from hourly to monthly, reinforcing the bullish outlook.

Thailand’s Regulatory Developments: Spot Bitcoin ETF and Poly Market Crackdown

A significant portion of the episode is dedicated to Thailand’s evolving stance on cryptocurrency, particularly the potential approval of Spot Bitcoin ETFs and the crackdown on the Poly Market.

JV [09:55]:
"Thailand’s considering allowing spot Bitcoin ETFs to list on the local exchanges for the very first time, according to the country securities and Exchange Commission."

The hosts discuss Thailand’s strategic maneuvers to integrate crypto into its financial system while addressing illegal activities associated with crypto trading platforms like Poly Market.

Co-Host [11:34]:
"The police lieutenant shared Poly Market, a global website that provides a variety of prediction services... was found to be illegal online gambling in Thailand."

This crackdown aims to eliminate unauthorized gambling operations leveraging cryptocurrencies, highlighting Thailand’s commitment to regulated and secure crypto markets.

U.S. Senate Banking Committee: Priority on Crypto Framework

The episode transitions to regulatory updates in the United States, focusing on the U.S. Senate Banking Committee’s prioritization of a comprehensive crypto framework under its new chair, Senator Tim Scott.

Co-Host [12:35]:
"Republican Senator Tim Scott, recently elected chair of the U.S. Senate Banking Committee, announced that developing a regulatory framework for digital assets would be one of the body's priorities in the 119th Congress of the USA."

This move signifies a potential shift towards more favorable regulations for cryptocurrencies, aiming to foster financial inclusion and innovation.

JV [13:15]:
"Under Senator Brown, the Banking Committee considered stablecoin legislation and held several hearings to discuss issues related to digital assets including the U.S. Securities and Exchange Commission's enforcement against crypto firms."

The discussion underscores the anticipated changes in regulatory policies, which could significantly impact the crypto industry’s landscape in the U.S.

Bitcoin Inflows and Price Predictions Amid Trump Administration

A focal point of the episode is the bullish forecast for Bitcoin under the incoming Trump administration. The hosts discuss various price predictions fueled by expected supportive policies.

JV [15:28]:
"Bitcoin inflows under Trump spark new 249,000 Bitcoin price target for this year."

Multiple analysts and Crypto Quant predict substantial capital inflows into Bitcoin, with price targets ranging from $145,000 to $249,000 by the end of 2025.

Co-Host [17:03]:
"Quoting Crypto Quant, Bitcoin can rise to 145 to 249,000 in 2025."

These predictions are anchored in the belief that favorable regulatory changes and increased institutional adoption will drive Bitcoin’s value upward.

Trump’s Pro-Crypto Executive Order: A Game Changer?

The highlight of the podcast is the anticipated executive order from President-elect Donald Trump, expected to be pro-Bitcoin and crypto-friendly from day one.

JV [19:05]:
"President Elect Donald Trump, AKA the Trumpster, expected to sign pro Bitcoin and pro Crypto executive order on his very first day of presidency, according to the Washington Post."

Trump’s statements at a Nashville event reflect his commitment to making the United States a leading force in the cryptocurrency space.

Donald Trump [21:31]:
"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."

The executive order aims to dismantle previous restrictive regulations, including firing SEC Chair Gary Gensler and promoting a legal framework conducive to crypto innovation.

Donald Trump [22:40]:
"On day one, I will fire Gary Gensler and appoint a new SEC chairman."

This bold move is expected to remove regulatory hurdles, fostering an environment where cryptocurrencies can thrive.

Community and Expert Opinions: Embracing the Bullish Future

The hosts engage with their audience, encouraging listeners to share their thoughts on the impending executive order and its potential impact on Bitcoin's trajectory.

JV [16:48]:
"I'd say that's a very, very conservative target. That's just my opinion. Bitcoin is primed to hit at least 145 GS this year in the US. I think we can do that first quarter. What are your thoughts on where Bitcoin may be headed?"

Experts like Crypto Quant and Samson Mao contribute to the bullish sentiment, advocating for Bitcoin’s exponential growth in the coming years.

Co-Host [17:15]:
"Quoting Crypto Quant, about 520 billion of the fresh capital would flow into Bitcoin this year."

These expert insights reinforce the hosts’ optimistic outlook, aligning with the community’s belief in Bitcoin’s potential to reach unprecedented heights.

Conclusion: Looking Ahead and Engaging the Crypto Community

As the episode wraps up, JV invites listeners to join the live Q&A segment and engage with the community for deeper discussions on Bitcoin and cryptocurrency trends.

JV [27:39]:
"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, HODL."

The episode concludes on a high note, emphasizing the continuous growth and evolving dynamics of the cryptocurrency market, poised for significant advancements under new regulatory frameworks.

Notable Quotes:

• JV [05:54]: "This three-part setup is commonly known as the power of three or the AMD. It is divided into phases of accumulation, manipulation, and distribution."

• Donald Trump [21:31]: "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."

• JV [15:28]: "Bitcoin inflows under Trump spark new 249,000 Bitcoin price target for this year."

• Co-Host [17:03]: "Quoting Crypto Quant, Bitcoin can rise to 145 to 249,000 in 2025."

This comprehensive summary encapsulates the key discussions and insights from Episode 1877, providing listeners and newcomers alike with a clear understanding of the episode's content and the optimistic outlook for Bitcoin amid significant regulatory shifts.