
Donald Trump could potentially sign off on pro Bitcoin and crypto-friendly regulation via an executive order on his first day in office, according to a new report from the Washington Post.
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JV
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. What a great experience. I'll be doing a experience recap. Since I got here, I got to spend the entire week here which has been a lot of fun. I'm also going to be sharing all the latest breaking news including Bitcoin power of three setup targets 103,000 target by Trump's inauguration day. In fact, we recaptured 100,000 all already today and Trump hits office in five days. We'll also be discussing breaking news with Thailand eyeing spot Bitcoin ETF approval and cracking down on Poly market. We'll also be discussing the U.S. senate Banking Committee Chair says the Crypto framework will be a priority as well as Bitcoin inflows Under Trump spark new 249,000 bitcoin price target for this year. We'll also be discussing President Trump elected to sign pro Bitcoin Executive Order on.
Co-Host
The first day of presidency, according to.
JV
This report from the Washington Post. We'll also be taking a look at.
Co-Host
The overall crypto market.
JV
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 1877. I'm your host JV. It's January 15, 2024. We're halfway through January and we're back at 100 G's. Trump takes office in five days. So that's kind of the, you know, main topic of today's show. I'm also going to be giving you the recap here in El Salvador. Just my personal experience. And off the top, of course, nothing's ever scripted here on the stream. And again, welcome y'all. I guess. Let's kick it off with our market.
Co-Host
Watch being the markets are pumping ripping like the new Scotty Pippen you should.
JV
Be able to see here on your screen. 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. Correct me if I'm wrong, but it's up 15% on the day. Cardano's a pumping, Solana's a pump and everything's up pumping and jumping and rumping right now. And check it out coinmarketcap.com the current crypto market cap sits at.
Co-Host
Once we get a refresh 3.5 trillion.
JV
We're back in the game. Shout out to all the bitty baddies and all the bitty brosis and checking out the bitcoin market cap. We're about to recapture the epic 2 trillion dollar milestone. We got 148 billion worth of the.
Co-Host
Volume for the past 24 hours of.
JV
The Bitcoin dominance is 60, I'm sorry 56.4% with the ether dominance at 11.8%. Checking out top gainers for the past 24 hours in the top 1 hundo virtual something I've never seen before in XDC. Which alts if any are you bullish on for the bull and holla and checking out the crypto bubbles we get a visual perspective on the let's start on the day then we'll zoom in on the month and you can see virtually everything in the green which we love to see. And zooming out on the monthly still overall a lot of wreckage. Rec city for the alts for the past 30 days and checking out crypto greed and fear index as of today we're 70 in greed. Yesterday 63 last week a 70 and.
Co-Host
Last month in 83 in extreme greed.
JV
And checking out the time chain calendar we have 170000 blocks until the next having of 2028. Where do you think the price will be by that time? Of the next having. Do you think we'll hit seven figures by then?
Co-Host
Let me know.
JV
Asking for a friend and we're currently.
Co-Host
On block number 879 416.
JV
You currently exchange one fiat monopoly dollar.
Co-Host
For just over a thousand sats.
JV
You may never see a thousand sats per dollar ever again. So yeah, I mean, stack the stats.
Co-Host
Put down the gats and pick up.
JV
The bitcoin caps@bitcoincaps.net Bitcoin power of three set up targets 103 by Trump's inauguration day as you know, we have five days until Trump takes office and Gary Gensler is officially out and they're going to free Ross Albr. This dude has been imprisoned for idiocracy on behalf of the US government just because they probably wanted to make an example out of him. And I think he's been in there for like 10 years or more, which is very sad. So we I can't wait for him to be a free man and I'd.
Co-Host
Love to have him on the stream.
JV
If you'd love to see a Ross Albrecht interview exclusive, let me know. Maybe we can make that happen. But yeah, the Bitcoin power of three set up hints of a breakout Bitcoin's trend deviation liquid sweep near 89Gs on Monday occurred after a period of sideways consolidation between Jan 9th and the 13th. However, 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. This three part setup is commonly known.
Co-Host
As the power of three or the AMD.
JV
It is divided into phases of accumulation, manipulation and distribution.
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JV
This concept revolves around liquidity zones, offering a deeper outlook on how institutions trade the market against the retail traders at specific levels. Alpha btc, a bitcoin maxi underlined a similar price range, quoting them here 103+ is the closest and would create an higher high on the mid time frames. I'm more optimistic. I think by the time Trump takes inauguration we could be back in price discovery, which is currently at 10 8, 3.
Co-Host
But I'm always optimistic. I'm an eternal optimist, especially with the biddy.
JV
Long and strong is how we like it. Also the CPI data. If the CPI is in favor. An analyst says I expect us to visit the 101 to 102 range. Let me know where you think will likely be by the time of the inauguration of the Trumpster. And here in a moment I'm going to pull up the live charts and we'll do some live chart action Jackson, let me know if you're on the 12 hour pump watch. That was pretty fun which we ended here early this morning but let me see if I can flip it into the charts. Give me one second. Let me know if you can see that on your screen. Family, you're looking at the one hour chart here.
Co-Host
Looking sexy as a mofo.
JV
We have a target of 1046 on the one hour and we'll give you different looks. Here's the four hour. The four hour also very bullish with a target sitting at 1046 as well. One of my favorite charts right there. Checking out the daily, you can see the past couple of days big green bull candles which we love to see. After that $89,000 dip. And zooming out from the daily. I'll take a quick look at the weekly and we still have the sexy cup and handle target flexing on you at 124. And my another question. When do you think we'll hit the 124 price target? I think it's destiny for Q1. I don't know the exact date or the time. I don't have the crystal ball in.
Co-Host
Front of me but let me know.
JV
Your thoughts and checking out the monthly. And as you can see here, it's going up forever. Laura? Yeah, I mean November was the biggest candle we've ever had since the inception of the Genesis block. We had a little corrective candle for December and here we are halfway through January. Let me know where you feel the bitcoin price. Action Jackson will likely take us next and we'll go from there. And quoting the high priest Bitcoin Max Kaiser. Since Russia took over pricing of the global commodities, energy, agro, metals etc In February of 2022, the US dollar based infl never see 2% again. 7 to 15% is the new normal. Only bitcoin can save your purchasing power. And that's a fact, Jack. So shout out to the high priest, the one and only Max Kaiser. And something I learned from him is it's a mathematical certainty that the US dollar is mathematically guaranteed to decrease in purchasing power and Bitcoin is the polar opposite. It's mathematical certainty. It's mathematically guaranteed to increase your purchasing power. And that's why we stacked the biddy next story of the day. Yep, I gave you the kind of the rundown of my overall experience. And again, if you have particular questions, feel free to reach out. We're about to recapture 100G's baby. But let's discuss the Thailand ETF. Thailand, for those that don't know, is actually one of my favorite countries, at least in Asia. I've lived in Asia, I've lived in China. I've, you know, traveled, spent 30 days in Thailand, spent 30 days in Bali, and for me, Thailand takes the cake. The headline reads Thailand eyes the Spot.
Co-Host
Bitcoin ETF Approval and Cracks down on the Poly Market.
JV
That's right. 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. And January 14, the SEC said the.
Co-Host
Regulator is assessing whether both retail and institutional investors could trade the spot Bitcoin etfs locally.
JV
Like it or not, we have to.
Co-Host
Move along with more adoption of the cryptos worldwide.
JV
And that was according to Bloomberg. We have to adopt and ensure that.
Co-Host
Our investors have more options in crypto assets with the proper protection.
JV
In June of 2024, Thailand's One Asset.
Co-Host
Management introduced a fund of funds which.
JV
Offers exposure to overseas spot Bitcoin ETFs. But direct Bitcoin ETF listings still remain off limits. Thailand's SEC is also considering allowing firms.
Co-Host
With strong credit ratings to issue stablecoins backed by corporate bonds to help widen access on the debt markets. Meanwhile, the ruling Thai de facto leader suggested issuing government bond back stable coins for retail and institutional investors.
JV
Also proposed creating a Bitcoin sandbox and.
Co-Host
Puket for tourism related transactions.
JV
I also spent like a week in Puket.
Co-Host
It's very tourist destination. Wasn't my favorite city in Thailand but.
JV
Also was good experience overall.
Co-Host
Now according to Chainalysis's 2024 Crypto Adoption Index, Thailand showed notable participation in retail and centralized crypto services ranking 16th in overall adoption.
JV
It stands 15th in retail centralized service.
Co-Host
Value and 19th and decentralized finance transaction volume. Now quoting regarding this Thailand cyber police target the Poly Market.
JV
This is actually interesting.
Co-Host
The police lieutenant shared Poly Market, a global website that provides a variety of prediction services such as politics, sports and entertainment economics was found to be illegal online gambling in Thailand. Wow. Because the use of crypto for trading. So apparently gambling is just against the law and in Poly Market is the.
JV
Largest I guess spread for betting, just betting in general on specific things, whether Trump was going to be president, if Gary was going to get fired. You can just bet on the most random things. So it's still a form of gambling. So they're ultimately saying that's not allowed and they don't want that there in their country. And I don't blame them. I mean, honestly, gambling is of Satan, but it's so mainstream now, it's not even funny so much. I mean, most every YouTuber promotes gambling because that's where the money is at. Such a big industry and sports is driven off of gambling, if you know what I'm saying. But you guys already know I'm preaching to acquire. Next we're going to discuss breaking news from the U. S. Senate Banking Committee.
Co-Host
Their chairman says the crypto framework will be a top priority.
JV
Wood Cartman say respect my authority.
Co-Host
Republican Senator Tim Scott, recently elected chair of the U.S. senate Banking Committee, announced.
JV
That developing a regulatory framework for the.
Co-Host
Digital assets would be one of the body's priorities in the 119th Congress of the USAA.
JV
In a January 15 notice, Senator Scott said the Banking Committee intended to focus on policies for financial inclusion that create.
Co-Host
Opportunity in the U.S. the committee's list.
JV
The priorities included affordable housing, economic, national.
Co-Host
Security, oversight and digital assets.
JV
Quoting them here under chair Gary Gendler. If you're listening Gary, go home and.
Co-Host
Get your shine box.
JV
Your kind ain't welcome around here. The SEC refused to provide clarity to the crypto industry.
Co-Host
What else is new? No Clair G. He didn't get that nickname for nothing. Which has forced projects overseas. That's right. It's called the war on Crypto. Moving forward, the committee will work to.
JV
Build a regulatory framework that establishes a tailored pathway for the trading and custody.
Co-Host
Of the digital assets.
JV
The South Carolina senator added the committee would have an open minded environment for stablecoins and related digital asset products.
Co-Host
He could face opposition from committee ranking member Elizabeth Warren, everyone's least favorite human being. Pocahontas, who was critical of many crypto.
JV
Policies in the 118th Congress. That's right, Biden, Kamala Warren, Gensler, they're all a part of the problem here in our world. Until January 3, former Ohio senator Sherrod.
Co-Host
Brown had chaired the Banking Committee, a.
JV
Position he took in 2021.
Co-Host
However, he lost his bid for the re election against Republican Bernie Morano, paving the way for the party to take majority control of the chamber and elect Scott to chair the committee. The Crypto backed politician Action Committee. We'll call Pak. I don't know if it's PAC actually it's probably Pack Fair Shake spent more than 40 million to support Moreno through media buys in which was one of the most expensive congressional races in the history of the election cycle 2024, that is. In a statement, Colin McLaren of the Cedar and Innovation foundation said a group planned to be working closely to support Scott's effort to pass the crypto market structure bill. Cedar had partnered with the blockchain association to stand with crypto and has the same spokesperson as Fair Shake. And 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. And as of Jan, 15th today, only one event appeared on the Banking Committee calendar for the year to consider the nomination for the security of the U S Department of the Housing and Urban Development. So there you have a yo you already know. We got a pro crypto administration taking place in five more days as Pretty little bitty continues going up forever.
JV
Laura Next story of the day we discussed the U. S. Senate. Now let's discuss this 249000 target with the Trump administration and then we'll discuss a little deeper into the executive order. According to the Washington Post, there's going to be all these pro crypto and bitcoin executive orders day one when Trump takes office in five more days. And so let me know, do you think we'll be back at price discovery by the time of the official inauguration day in five days? Let me know and I'll read those comments out loud a bit. This headline reads bitcoin inflows under Trump.
Co-Host
Spark new 249000 biddy price target for this year.
JV
So in my humble opinion, my base case was 222. But then once they announced everything they did like at the Nashville event with Trump and you know RFK speaking about not only stockpiling Bitcoin, RFK proposed purchasing 4 million Bitcoin for the treasury of the US and then Trump said we're going to purchase a million bitcoin and Cynthia, things just got way more bullish and I had to up it and I ripped up my bear scenario to a base case a 420 for the Broskis and my bull scenario is 1.1 million. Max Kaiser's scenario for the cycle is 2.2 million.
Co-Host
I trust Max.
JV
He channels Satoshi so you already know.
Co-Host
But anyways Bitcoin can reach 250G's baby.
JV
This year as half a trillion dollars.
Co-Host
Of new capital Flows in.
JV
And I'd say that's a very, very. What's the word? Conservative target. That's just my opinion.
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Opinion.
Co-Host
Let me know your opinion.
JV
Bitcoin is primed to hit at least 145 GS this year. As in the US I think we can do that first quarter. What are your thoughts discussing where bitcoin may be headed?
Co-Host
The firm flag favorable U. S political and economic trends as the basis for the solid bull thesis. Quoting them here. About 520 billion of the fresh capital would flow into the biddy this year.
JV
In the context of favorable regulatory, monetary.
Co-Host
And cyclical conditions, it's reasonable to expect capital to continue flowing into the bitty.
JV
This year in 2025.
Co-Host
Amen. Can I get an amen now? This chart shows bitcoin's realized market cap. You can see here on your screen what a value of the supply as it moves on chain. And since 2015, if the market follows historical patterns, crypto Quant said the 520 billion tally becomes attainable. Quoting him here, Bitcoin can rise 145 to 249,000 in 2025. Given the expected capital in flows, the expansion in the total capital invested into the bitty has more than proportional effect on the bitcoin markets value and price. Crypto quant joins various bullish bitcoin price predictions for the coming year, Some of which include the leap to the coveted 7 figure mark. That's only a 10x. 10x is nothing. How many times has Bitcoin 10x since the inception of the genesis block? So many times we can't count, so anything's possible. And speaking of 10x, Samson Mao has been calling for that for a while. Shout out to the Jan3 founder.
JV
He said last year, the Omega candle.
Co-Host
And FYI, the Omega candle is a hundred thousand dollar daily increase on the daily chart. Which. Holy moly, I can't wait for those days when bitcoin's a million dollars. A God candle is a 10 candle. That's nothing. Bitcoin's done 20 candles, you know, I.
JV
Mean, you'll start to go up by 10,000 a day or drop by 10,000 a day.
Co-Host
That's the God candle. After that we start to see the Omega candle.
JV
Then what about a million a day?
Co-Host
Can we call that the super Saiyan candle? Can I coin that right now? Super Saiyan candle, Bitcoin Super Saiyans. We go up a million a day, which is 100,000 increments daily.
JV
He says again, shout out Samson Ma. So ahead of the US Trump inauguration January 20th. Rumors are swirling over first day announcements. Now for our feature story of the Day fam.
Co-Host
President Elect Donald Trump, AKA the Trumpster, expected to sign pro Bitcoin and pro.
JV
Crypto in executive order on his very.
Co-Host
First day of presidency, according to this.
JV
Report shared by the Washington Post. I'm not going to say I'm a fan of the Washington Post, but nonetheless that's where this story comes from. But let's break this down.
Co-Host
Trump has five days to take over and Gensler, if you're listening, you're fired. Go home and get your shine box brother. That's right, Trump could potentially sign off on a crypto friendly regulation via executive order on the very first day in office, according to the new report from the Washington Post. According to a person involved in the conversations, Trump's incoming crypto czar David Sachs.
JV
And other insiders have been working with.
Co-Host
Crypto leaders to create a legislative strategy that can end unfair treatment of the industry by the banks and the regulators. Rest in peace Nate Dog. And according to the Washington Post, it could sign the executive order to address the issue of debanking the political shutting down of crypto firms bank accounts, which is pretty messed up. That's part of the war on crypto with the Biden administration as well as the repeal Staff Accounting bulletin, which is SAB121, the government's policy guidance or guidelines that require companies to list digital assets as liabilities on their balance sheets. Some unnamed source shared the following the Trump team has made it very clear that this is a priority. In a statement to the Washington Post, Brian Hughes, a spokesperson for Trump's transition team, says there has been an effort from the bureautic swamp of D.C. to stifle tech innovation with unnecessary regulation and taxes, something the new administration plans to end, quoting them here with support from many entrepreneurs who are thrilled to turn the page on the past four years, President Trump and David Sachs will safeguard free speech online, steer us away from the big tech censorship and develop a legal framework so the crypto industry can throw thrive in the United States. Another person familiar with the plans told Washington Post that various tech friendly leaders will likely be scattered all over the place and appointed to different government agencies including the White House, the Pentagon, the Department of Health and Human Services to promote their agenda. Well, it sounds like we have a pro crypto administration in the works, but don't take it from me. Let's hear directly from the Trumpster himself.
JV
When he spoke at Nashville this afternoon.
Donald Trump
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
So first and foremost, do you think Trump is sincere and understands what he's talking about there? Do you think the United States of America will become the superpower when it comes to crypto for the world? Yes or no? Get it done, he says.
Co-Host
We'll get it done. Broskis.
Donald Trump
If crypto is going to define the future, I want to be mined, minted and made in the usa.
Co-Host
It's made in the usa.
Donald Trump
Going to be. It's not going to be made anywhere else.
Co-Host
Then he claims it's not going to be made anywhere else, which leads me.
JV
To believe you don't understand it at all. But that's kind of funny. What are your thoughts on that one?
Donald Trump
The bitcoin is going to the moon, as we say. It's going to the moon.
Co-Host
It's going to the moon where no man has gone before, by the way.
JV
Facts.
Donald Trump
I want America to be the nation that leads the way, and that's what's going down.
JV
That's a fair statement. He wants America be the nation that leads the way. But it's already written. El Salvador has been leading the way. It's just the truth. At least for bitcoin. That is so happened.
Donald Trump
I pledge to the bitcoin community.
JV
All right, listen up. This is a pledge.
Donald Trump
Scout's honor that the day I take the oath of office, Joe Biden and Kamala Harris's anti crypto crusade will be over. It will.
Co-Host
Day one, the war on crypto, finito. Like a young Danny DeVito, will end.
Donald Trump
It'll be done.
JV
It'll be so be it done. I think anyone who promoted the war on crypto, like the Senator Warrens and all those satanic forces, they should all be removed, you know, I mean, if you really want to drain the swamp.
Co-Host
Get rid of them all.
Donald Trump
On day one, I will fire Gary Gensler.
Co-Host
And the crowd erupts.
JV
If you're listening, Gary, go home and get your shine box, brother.
Donald Trump
And appoint a new SEC chairman.
Co-Host
The Nipinator's taken over new chair.
JV
Anyways, family. Welcome everyone to the Q A segment of the live stream. This is the final live from bitcoin country.
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Oh, bring me up bitty glow prize.
Guest Rapper 1
Discovery yeah, let it show Bang bang, bang like a B52 we built a.
Guest Rapper 2
Bitty stacked revolutionary love shack Boom. Stacking stats like it's Max and Stacy Stacking stats cause tax is crazy I'm stacking stats cause the IMF hates me stacking stats cause the haters don't faze me no Diddy, no Jay Z Stacking the bitty like it's nipsey and JV Stacking the bitty like it's paper and shandy Stacking BTC like caffeine in my canteen Life is a game of chess that makes biddies the damn queen Stacking BTC till they cancel me and I can't stream like Biggie it was all a dream now the biddy has set.
Guest Rapper 1
Me free up BAE Bang bang on the door Baby never let it fade Ho house strong yeah we built it this way no wonder hold them yeah we're holding Never folding I've always been.
Guest Rapper 2
A rapper honky cracker but now I'm a pastor bitcoin stacker Now I'm a master of the bitcoin standard Hit him up faster than the bitcoin Panda you can't touch me with your shitcoin flow like do you even bitcoin bruh? Let me know welcome to the bitcoin show now listen up closely lowkey Stacking BTC like Satoshis in El Salvador with my bitcoin broskis Raising up the biddy like Gohan living in a hotel house were not the pawns Ding dong going.
Guest Rapper 1
Let'S biddy up hey bang bang on the door baby never let it fade Hot on how strong yeah we built it this way no when to hold them yeah we're holding Never folding Bitcoins.
Guest Rapper 2
Ripping like a new Scottie Pippen 80 GS we're royalty bitty kings and queens Manifesting the kingdom that's finally come Playing chess moves Check May we won we're.
Guest Rapper 1
Raising the roof in El Salvador Freedom Flows IMF can't hold us no more.
Guest Rapper 2
Stacking BTC like Tate versus the BBC stacking the biddy like BTC OGs stacking BTC on lightning with no fees stacking BTC like Snoop Dogg rolls weed stacking BTC like Scarface with a nosebleed stacking BTC like Shinobi nobody knows me stacking BTC like everyone owes me stacking BTC like Max and John McAfee stacking BTC accumulate sat so rapidly so happily stacking BTC so casually no casualties of galaxies around earth fallacies Stacking BTC on a flat earth with no gravity Stacking BTC cuz bitcoin is your majesty.
Guest Rapper 1
Let'S bid it up Bab bang bang on the door baby never let it fade we built it this way no wonder hold them yeah. We're holding.
Guest Rapper 2
Never folding Bitcoin glow. Stack it up, let it show price discovery, patience. Game on. Let's go. Biddy up. Roger out. We're changing the world, there's no doubt.
JV
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.