
Trump’s idea, the US Dollar can be backed by Bitcoin, is fallacious nonsense that will cause massive inflation, kill the US economy and send BTC to $2,200,000.
Loading summary
A
What's the best time of day to get a deal? All day with Jack in the Box's all day Big deal meal. You get to choose from four entrees like the supreme croissant and five tasty sides plus a drink starting at $5. So hurry in or take your time. You've got all day at Jack. Every bite's a big deal. 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 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. Welcome crypto fam to number one day, the Bitcoin Pod back live in Puerto Rico. Just got back from Bitcoin country early this morning at like 1am in today's show I'll be sharing the latest what's happening in the market including Pretty Little Bitty going up. Bitcoin surpassed 105,000. We'll also be discussing Trump's first week in office. Will crypto regulation take a back seat? And also the state of Wyoming just introduced a bill for strategic Bitcoin reserve and also Senator Lummis claims FDIC destroyed Operation Choke Point 2.0. Docs also be discussing us Bitcoin Reserve has pundits and a tailspin as the Trump inauguration looms as well as Trump's plan executive order. We're talking everything Trump as he takes office in three more days. Can you feel it? We'll also be discussing California is working towards embracing Bitcoin. Also the latest from the high priest of bitcoin, the one and only Max Kaiser quitting him here. Trump's idea the US Dollar can be backed by Bitcoin is fallacious nonsense that will cause massive inflation, kill the US economy and send the bitty price to 2.2 million per coin. We'll also be taking a look at 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 but anyways fam, let's actually pull up some of the live charts and check out Pretty Little Bitty going up. We're making some major moves here today, which is a beautiful thing. As you can see on your screen, this is the one hour chart. That's right. Bitcoin tapped 1053 earlier today I saw and we got a little pullback but we're still doing its thing. Currently sitting above 1045 and zooming out from the one hour. We'll take a quick look at the four hour and the four hour chart. As you can see, looking lit also, you know, very bullish here. Again, only less than 4, 000 away from price discovery. Checking out the one day, the one day chart. Look at that. I mean we started pumping past couple of days when I was in El Salvador and we're resuming that pump. We did regain, you know, a hundred thousand. We did the live pump watch. That was my first pump watch live from a bitcoin country. Let me know if you guys were there. You notice the rising wedge looking fant right now. Let me know when you think we'll hit price discovery. I think it'll be absolutely before Trump takes office, which is in three days, which I believe is Monday. So Gary Gensler, if you're lurking, go home and get your shine box. And zooming out from the one day. We'll check out the one week and the one week also very bullish. We had a very positive weekly close which I believe is the day I did the pump watch live in bitcoin country. We still have the sexy cup and handle target on your screen, which you can see it's sitting at 124 G's baby. And zooming out from the one week. We have the one month. And the one month, as you can see, we're forming a nice green candle already. We're halfway through January. November was the biggest price appreciation we have seen since the Genesis block. December was a little correct, a bitty bitty red, which you can see. But overall it's going up forever. Laura. And you guys already know first story, Trump's first week in office. Will crypto regulation take a backseat? Crypto investors are increasingly optimistic as they await the inauguration of Trump. And let me know where you feel the price action will likely be in the next three days. Investors are also eagerly anticipating Paul Atkins as Trump's pick for the new SEC chair or the nibinator. While Trump has previously highlighted his intentions to bolster crypto innovation in the US Issuing regulatory frameworks take time. According to the co founder and CEO of Fidium, a regulatory blockchain infrastructure firm focused on institutions, setting the right regulatory tone is crucial. The first week might not bring drastic changes as meaningful and comprehensive legislation takes time. Atkins, who will need to be confirmed by the Senate, has a history of advocating for more market friendly regulations which could obviously benefit the industry. Quoting him here, I am hopeful that Atkins and the new administration will take a balanced approach to foster innovation to the crypto space while ensuring proper oversight. It would be a great signal for the industry as a whole. Industry watchers also expect the Trumpster to issue an executive order which we'll get into here in a little bit. And how soon can that be? Will they make nation state adoption for the United States before the state level? Because there's actually some breaking news right here. The state of Wyoming just introduced the bill for a strategic Bitcoin reserve. Also some bullish news today out of California which we'll be touching upon here in a little bit. But yeah, let's blow through these headlines choke point 2.0 Senator Lummis FDIC destroyed operation choke point 2.0 docs according to.
B
The Senator flex your business with an American Express Business Gold Card. You'll earn four times Membership Rewards points on your top two eligible spending categories like transit and electronics each month on up to 150k in combined purchases per year. Plus you can now earn 3 times Membership Rewards points points on flights and prepaid hotels booked on amextravel.com terms and points cap apply. Learn more at American Express.com business-gold Amex Business Gold built for business by American.
A
Express, she said sent a letter to the Federal Deposit Insurance Corporation, which is the fdic, claiming that whistleblowers informed her that the agency allegedly destroyed documents related to operation choke point 2.0. Lummis instructed the government agency to seize the destruction of the documents and preserve all the records. Don't delete the evidence related to the digital asset activity, including the supervision of Signature bank and the liquidation of Silvergate, the Senator warned to the fdic it is, or I'm sorry if it is uncovered that you or your staff have knowingly destroyed materials or sought to obstruct the oversight functions of the Senate. I will make swift criminal referrals to the US Department of Justice. Now, a concerted effort to cut the crypto related firms from banking services widely impacted the industry in multiple countries and was a major pain point for industry advocacy groups during the 2024 U. S election and you can see the letter right here. Now following the appearance of by Anderson Horowitz, co founder of Mark Anderson, on the Joe Rogan experience, more than 30 crypto founders took to social media to share their debanking experiences. The war on crypto is real, and that's why Trump announced in Nashville when he becomes president, Biden's war on crypto is over. The list of execs spoke out about the FRAX Finance founder Sam Kazeman and Coinbase CEO Brian Armstrong. Armstrong filed the Freedom of Information act request to obtain letters originally sent by the FDIC in 2022 asking banks to pause crypto related activities. The FDIC sent the Coinbase executive heavily redacted versions of the letters, prompting Judge Reyes to order the agency to produce more transparent docs. Reyes wrote in her Dec. 12 order, Defendant cannot simply blanket redact everything that is not an article or reposition or pre position and characterized the redacted documents as a lack of good faith effort to produce the meaningful records. Despite the significant regulatory pressure placed on the crypto industry, firms managed to adapt and survive. Many crypto firms turn to stable coins to finance their operations after losing their business accounts at traditional banking institutions during the banking operation. Nibinator indicator is an incoming you're damn right I'll hit the gong for that. Let's send Bitcoin to price discovery right now. That's the secret sauce right there is the gong strike. You already know we discussed choke point 2.0 and Lummis. Now let's discuss the next headline. US Bitcoin Reserve has pundits and tailspin as the Trump inauguration looms I remember that cartoon tail spin. It was one of my favorite. Remember Blue? I used to watch that every morning before going to school and kick Cloud Kicker. Let me know if you remember that one. As Trump's inauguration looms again three days around the corner, Bitcoiners prepare for a potential price pump, a reflection of his pro crypto promises that may include the adoption of a national bitcoin reserve. Reserve. That's right. Bitcoin reserve for the treasury. Bring it. And Lummis's contentious Bitcoin act of 2024, which would compel the treasury to acquire 1 million BTC over five years, which is 200000 Bitcoin on average per year and annual purchases. That's right, 200, 000 of the biddy. This bill has sparked intense debate amongst crypto pundits. While some see a bitcoin reserve as a solution to a failing fiat monetary system, others warn of significant risk. It can slide the dollar into hyperinflation, some say. Others believe that if the US doesn't take the plunge now it may fall behind. We have the crypto quant CEO who described the debate as a chicken and egg dilemma. That's interesting, right? Should Bitcoin be adopted early because the dollar is weakening? Or could adopting Bitcoin itself be the catalyst for the dollar's decline? What are your thoughts now? In Surinam, independent presidential candidate Maya building a campaign centered around anti corruption. In her eyes, the solution lies in her country. Taking a page from El Salvador's playbook following the Bitcoin standard, they shared that endless money printing and a Ponzi like banking system, the fiat dollar monopoly money has created a loser game that leads to hyperinflation. Facts ain't tell no lies. She believes the US has been the base in its currency for decades, robbing its good working citizens of their hard earned wealth. What a shame. Now if Suriname and the US were to adopt the biddy, it would end reckless fiscal policies as it would force governments to live within their means and restore trust in the monetary system. Failing to adopt Bitcoin as a reserve asset is equivalent to ignoring the Internet in the 90s. It's financial suicide. Preach. Meanwhile, Samson Mao, CEO of Jan3 is credited with convincing Par Po to run for president and shared that the U.S. has a chance to free itself from crippling debt through the Bitcoin reserves. If 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. Amazon one Medical and Amazon Pharmacy remove 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 Health care just got less painful. Lawmakers are bold enough to actually follow through. Quoting him here. If the US adopts Bitcoin on a meaningful scale and accumulates reserves comparable to its gold holdings, it can use the future of that appreciation of the Bitcoin to offset or even eliminate the debt. And ultimately it comes down to the rebasing of the dollar to Bitcoin. And as Bitcoin increases in value, it could be used as a financial tool to stabilize or restructure the U. S economy. Shifting the monetary system to Bitcoin instead of traditional fiat currencies. Now Forest Buy of co founder of Foresight Venture Shared passing the Bitcoin act is crucial for maintaining America's financial leadership and ensuring the economic resilience. So the million dollar question will the bill get signed by the Trumpster? Will it pass Congress and be able to get signed. Let me know your thoughts. Also last month former New York president Bill Dudley opine that funding a bitcoin reserve by borrowing through the treasury could raise debt costs while using the Fed's, you know, could stoke inflation. He also agreed with Dudley if the US Prints money to buy bitcoin it risks accelerating the dollar slide into hyperinflation. As an alternative, Samson Mouse suggested transitioning gold reserves into Bitcoin. Let's go 17 trillion market cap there fam. Which would avoid the inflationary consequences while strategically strengthening the reserves. That's the million dollar play or should I say trillion dollar play. Also Bukele announced sitting on roughly 3 trillion worth of unmind gold. And what do you think they're going to do when they mine that gold? They're going to basically sell it for the bitcoin and eventually bitcoin's going to, you know, surpass the market cap of gold. The question is by when. When do you think that will be? Let me know now. Nick Carter, a bitcoin says bitcoin reserve doesn't make sense given the size of the US Economy. He argued that the smaller nations like El Salvador and Bhutan benefit from the bitcoin adoption but given the U. S role as the issuer and holder of the global reserve currency, it would destabilize the financial system. Quoting them here, we the U. S Shouldn't do something that would call into question our own solvency. I don't believe that it would be prudent frankly for the U. S government to signal a move away from the dollar system and move to a commodity standard based on bitcoin. Now others feel it's moot point altogether. Economics professor shared that he doubts the bill will pass. I know you know, Max Kaiser has his doubts as well regarding Trump following through what a lot of you know, what he has spoken about because it would pretty much be suicide for the US Dollar. We'll get into that later. Now Lummis's bitcoin act was introduced to the Senate at the end of July of 2024 before Trump was reelected and allocated to the committee on banking, Housing and urban affairs. And it has since laid in weight. Some speculate that Trump will issue the executive order as soon as day one in three days on Monday, January 20, right after the inauguration. What are your thoughts? But what's more likely is that Trump's new carefully positioned pro crypto lawmakers will help Lummis's bill rise through the ranks. Uncorroborated rumors suggest an entirely different bill that would see the treasury acquire a mixture of U S created cryptocurrencies. Interesting. Either way, a bill like Lummis will likely encounter serious opposition. Cyber and digital media attorney Andrew Rosso predicted a two year timeline for the Bitcoin act to pass. That would mean that the states adopt the bitcoin first as we're witnessing. However, if the bill faces no opposition, I would anticipate 10, 12 months from start to finish. So there you have it. Yo. Let me know your thoughts. Bitcoin for the U S Treasury? Yes, please. Next story. Let's discuss the executive order again. All eyes on Trump. So we're going to be covering a lot of Trump stories which we have and then we're going to be discussing California embracing bitcoin and the latest from the high priest, the Bishop of Bitcoin, Max Kaiser, and also be sharing some more of the highlights which I didn't get to cover as I didn't do a stream yesterday. It was my travel day heading back from bitcoin country to Puerto Rico. But I did go out and spend sats for the first time purchasing papusas and I'll, I'll share my experience. I actually posted a video of it as proof of work on my X feed. It was pretty cool. And shout out JC if you're watching. He showed me a great time, took me to some local spots. We had some, you know, homemade El Salvador and recipe ice cream and pupusas. And pupusas were fantastic. I was actually blown away by how delicious it was. Our entire dinner with drinks was 10 bucks and there's pupusa places that you can get three pupusas for a dollar. It's mind boggling how inexpensive food is in particular in bitcoin country and I'll share more of that experience here in a little bit. But anyways, next headline Trump plans executive order making crypto a national priority. Will he make that the priority on day one is the question. Let me know fam so I'll read you this. US President Trump reportedly expected to sign the executive order designating crypto and this was also reported by the Washington Post, as I shared in the stream the other day, as a national priority that can come as soon as he re enters office January 20, which is Monday. Bloomberg reported on January 17, citing people familiar with the plans that the order would mean regulatory agencies would be guided to work with the industry. It would also create a crypto council to advocate the industry's policy. Wishes the order would be signed on January 20th Trump's first day back as president, but it is not final and could change before it's made public. According to the report, Trump is widely speculated to be lining up day one crypto related executive order as the local industry heavily backed his campaign and the incoming president promised that the US Would be the crypto capital. The New York Times similarly reported Jan 16 that crypto executives had offered input to Trump's crypto czar David Sachs on an executive order covering multiple areas of crypto policy. Now the Washington Post, we covered their story yesterday, reported that Trump is expected to sign the orders again on January 20th covering crypto debanking and repealing a bank accounting policy that requires banks holding crypto to list the digital assets as liability. Now Bloomberg also reported that a directive for government agencies to review their crypto policies and freeze crypto related litigation is still under decision and as is creating a bitcoin reserve for the government to hold on to the assets it has seized. Reuters reported on January 15 that the SEC under Trump could review its crypto related cases and pause any that don't have fraud allegations. Industry lawyers also bet that the SEC will soon abandon its crypto cases. Ripple Labs Chief Legal officer Stuart Adultery, I just butchered his name, said on January 15 the agency's long running action against the firm was likely to be abandoned by the next administration after the regulator filed arguments to the appeals court. Meanwhile, crypto advocates have supported the idea the U S holding a reserve of bitcoin which we have been, you know, talking about as well, claiming it could be an inflation hedge and could help ease the the nation's debt. Well I guess if they truly have the desire to reduce the debt, you would do so by holding a massive amount of bitcoin. But is that the intention is the question. I wonder. RCAM intelligence data shows US holds nearly 20 billion worth of various cryptos seized in criminal investigations. 20 billion of that figure alone. It sees bitcoin. So obviously the majority there is bulk. The bulk is bitcoin. And one bill pushed by Lummis said that the treasury should buy 1 million Bitcoin which would cost at least $100 billion given Bitcoin's current price of above 100g baby. Now let's discuss the latest out of California and then the highlights from Max Kaiser's latest predictions hitting 2.2 million and why he believes that will happen. As you can see in the headline, California is working towards embracing Bitcoin. That's right. According to a press release sent to Bitcoin Magazine, an office in California, assembly member Republican Philip Chen Shout Out Philip has appointed Proof of Work Workforce. I like that. Proof of Workforce, a Santa Monica based non profit helping workers, unions, pensions and municipalities with education based Bitcoin adoption to work on a variety of Bitcoin related initiatives and help with drafting an official bill for the upcoming legislative session. Let's go quitting it here. As to where and how Bitcoin and digital assets get into the trajectory of California, much is under determined, said Chen. What is certain is that this industry is growing in adoption every single day with Bitcoin serving as a global network and asset representing $2 trillion worth of value. Therefore it is important we take meaningful look into the role in our great state of California. A now Proof of Workforce led by its founder Dombey will be advising Chen's it sounds like they're all Chinese by the way. Chen's policy team working on education and community engagement and researching how Bitcoin can support, support and rebuild California's infrastructure and communities. Quoting them again. Bitcoin's genesis story has deep roots in California, commented Bay. A huge part of that genesis story is an innovative network designed to protect the time, energy and value of everyday working people. Bitcoin isn't partisan, it's uniquely Californian. This isn't Proof of Workforce first time helping onboard governments in California to Bitcoin Last summer, Proof of Workforce partnered with City of Santa Monica and shout out Moonstone, I believe you're out there opening the official Bitcoin office. And since opening the office has seen an overwhelming amount of interest according to the city's mayor. Santa Monica City Manager also stated that the other cities have reached out to learn more about their Bitcoin endeavors. And you can see here in the news Santa Monica City Manager says several other cities reached out about their official Bitcoin office. The Bitcoin office has seen significant interest from the public. Mass adoption starts with initiatives like this. Bitcoin adoption with California's government is beginning and with the United States embracing Bitcoin under President Trump, it is very likely the adoption of this asset within the state government will continue over the coming years. And over the years I've watched Dom Bay and Proof of Workforce onboard careers in government, firefighters, unions in America, El Salvador in Africa, workers and more to Bitcoin. They're doing it right by helping these organizations buy and hold their own Bitcoin keys, making sure they're all properly educated. Not just Bitcoin the asset, but Bitcoin the network as well. One by one, Proof of Workforce is making real change that impacts people's daily lives. And so there you go. And now for some of the other big news here. I'm going to start here with what Trump says. Here's a quote. Trump's idea the US dollar can be backed by Bitcoin is fallacious nonsense that will cause massive inflation, kill the US economy and send the Bitcoin price to 2.2 million per coin. And this was off the back of the news shared by Isabella. Shout out to Isabella. I finally had the honor to meet her at the Max and Stacy Invitational and she's awesome. Here's the quote here. If Trump builds a bitcoin reserve would also likely trigger a massive price rally. Agreed. So Max also wrote stable coins are hospice care for the US dollar and other fiat currencies. The US dollar will not survive bitcoin. Trump's idea the US dollar can be backed by Bitcoin is fallacious nonsense that will cause mass kill the US economy and send the Bitcoin price to 2.2 million per coin. And also quoting Max here, the primary reason the US dollar won't survive Bitcoin is that the 300 year old nation, state and central bank model won't survive bitcoin. Bitcoin separates money from state, effectively killing the state. El Salvador understands this and is preparing by decentralizing its sovereign governance model with a Bitcoin node in every home initiative that constructively defunds the state and transfers sovereignty to 1.8 million node runners. How many of you are running your own nodes? Let me know. Bukele Nomics is leading the decentralized world and establishing a new standard of economic freedom. A very powerful quote there. And let's go to the High Priest's X account and let's see if there's anything new live and in the flesh. If you're not following the one and only Max Kaiser, I strongly encourage you do so right now. And just to show you some of his background in case you don't know his resume, I'm sure you guys all do. But check this out. Bukele quote. Thank you Max for inspiring Volcano Bonds Max is also the senior Bitcoin advisor to President Bukele. He coined the Bitcoin global Hash War all the way back in 2017. He moved to El Salvador in 2021 to win the global Hash war. Co Founder Advisor of the Bitcoin office in El Salvador. Advisor to the Digital Asset Security Law. He's the founder and chairman of Volcano Energy, Co founder of El Zante Capital Co founder Partner of Hotel Central Project. He's also the inventor of digital assets believe it or not, back in 1996. Virtual Specialist Technology. The patent numbers there. Also the Hollywood Stock Exchange which he sold to Canter Fitzgerald back in 2001. Also the producer, writer, presenter with Stacy Herbert. The the greatest financial show to ever exist is the Kaiser Report. That's what we all know and love. You know Max from of course he also produced many documentaries which I have documented and covered of course here on my pod and on my X account including the Oracle with Max Kaiser on BBC on the Edge Press tv, People in Power, Al Jazeera English the truths about markets. Let's not forget Hang the Bankers. One of my personal favorites, the Orange Pill podcast which we all love. Renaissance fm. I mean the track record just goes on and on. I mean it's mind boggling. He's also an angel investor. He's involved with so many twenty plus startups. He has the most insane, you know, background and track record when it comes to the financial markets and digital assets. So you got to be following the High Priest. So what El Brandon and follow L. Brandon as well. He's my amigo. We, we had a great time. We were documenting the Max and Stacy Invitational together. And as he wrote here, Stacy Herbert will go down in history with the other leaders of the Renaissance 2.0. Fine oil paintings are coming once in a 500 year cycle kind of person. Thank you for your leadership and education that's worthy of a repost shout out to Stacy Herbert. It was an honor to spend some time with Max and Stacy, you know at the event and you can see some of the, you see those bitcoin markers. How cool is that? This is Chris by the way. Really cool guy. And of course Banco as Teka is Ricardo Salinas is company. They were one of the sponsors over at the event. Quoting Max, if you're not in bitcoin, whatever it is that you're doing, it's going to zero against bitcoin. You have been warned. And then he reminds us here that 2.2 million is in play. And let me know if you agree with the High Priest. And also a great opportunity for those still in El Salvador or visiting February 3rd to the 4th. If you want to learn about the very best liquid dev, you can register for the event. Also I believe that the there's also a different event being held at the same place I was staying at. I was told the, you know the people that run the event in Lugano, Switzerland. Well those Switzerland folk are in Bitcoin country hosting their first event end of the month at the same place I was staying, which is the Sheraton, which is a beautiful place. That's where I was taking all my pictures, you know, with the breakfasts and all that good stuff. Mexican billionaire Ricardo Selena says once you have individuals free with their own monetary assets, it's very hard to make that turn them into slaves. Fiat fraud is what facilitates the current day slavery. Shout out to Ricardo Selenas. Here's some behind the scenes footage with the Brosis just hanging out. This was actually a fun time. Shout out to Mike, that's one of our Brosis and Brandon. We're just chilling in the streets, you know, in bitcoin country, doing our thing. It was a lot of fun. And shout out to Max for the repost. And one of my favorite Max Kaiser quotes of all time. Money existed before the state. Bitcoin separates money from state. Bitcoin kills the state. That's JV at the elevator at the Sheraton El Presidente. It was fantastic. I was caffeinated up like a mofo. I felt like Gohan from Dragon Ball Z, if you feel what I'm saying. And we got to give Stacy Herbert some credit. This is a powerful quote from Max. Pretty much every bitcoin initiative policy, including strategic reserve deal, education project, administrative reorganization, high level meeting and economic benefit from bitcoin in el Salvador since 2022 has Stacy Herbert's fingerprints all over it. She literally created bitcoin country entirely pro bono. And you got to respect Max and Stacy. They're the power couple, the one and only and much respect. I had a fantastic time out there. Did anyone else here you can say you can borrow against your video on Coinbase. I heard that. It's not bs, it's actual news. From my understanding, you can borrow up to $100,000 thousand dollars worth of, you know, get a loan using bitcoin as collateral. That's something that just launched. I saw the article yesterday when I was on the plane. I'm like, wow, wow, wow, wow, wow, wow. Pristine collateral. Th Biddy. What comes after bitcoin? What comes after money? You tell me, fam. Don't you know we pumping it up? So yeah, let me know your thoughts on Max Kaiser's 2.2 million target. And yeah, it was pretty, pretty amazing being out there with the high priest. Hopefully you guys watch my, my recap video with Brandon that I posted on my X account for our entire, you know, our experience. We have so much footage we're sharing. Yes, Stacy is a legend. Legend, right. She. She even said it in one of her quotes recently. She didn't predict bitcoin country. She created it. Like they just stepped up and got her done. So you got to show respect where respect is due. Now if you didn't know, Also across the street from where I was staying at the El Presidente Sheraton is a massive Google building. So Google has a headquarters in El Salvador and now Tether is creating their headquarters in El Salvador. I know Rumble is doing their thing, so a lot of adoption. It a pretty amazing place to be. And if you visit, you'll understand exactly why it's pretty powerful.
B
No plan B needed. I have the biddy. Bitcoin is my plan A, B, C, D and E. There is no other plan for me. I am with the bit bit, rip through the dips Bitty bitcoin it's my plan A, B, C, D and E. I'm team BTC Through God Satoshi educated me. Through true God Satoshi freed me. Oh bring me up bitty glow price discovery yeah let it show Bang bang bang like a B52 we built a bitty stacked revolutionary love shack bull. 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 biddy 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 bitties the damn queen. Stacking BTC till they cancel me and I can't stream like Biggie it was all a dream now the bitty has set me free. Let's biddy up bab bang bang on the door baby never let it fade ho house strong yeah, we build it this way, know when to hold them yeah we're holding never folding. I've always been 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. Low key Stacking BTC like satoshis in El Salvador with my bitcoin broskis Raising up the biddy like Gohan living in a hodl house we're not the pawns going let's be up hey bang bang on the door baby Never let it fade Hle house strong yeah we built it this way no when to hold them yeah we're holding never folding Bitcoin's ripping like a new Scotty Pippen 80 G's we're royalty bitty kings and queens Manifesting the kingdom that's finally come Playing chess moves Check May we won we're raising the roof in El Salvador Freedom Flows IMF can't hold us no more stacking BTC like Tate versus the BBC stacking the biddy like BTC oh geez 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 accumulating stats so rapidly so happily stacking BTC so casually no casualties of galaxies around earth galaxies Stacking BTC on a flat earth with no gravity Stacking BTC cuz bitcoin is your majesty let's bid it up baby Bang bang on the door baby Never let it fade oh how strong yeah we built it this way Know when to hold them yeah we're holding Never folding bitcoin glow Stack it up, let it show low price discovery, patience game on let's go pity up Roger out We're changing the world there's no doubt Bitcoin glow Stack it up, let it show Price, discovery, patience game on let's go.
A
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.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1878: “USD Backed by Bitcoin Will Send BTC to $2,000,000” - Max Keiser
Host: Justin Verrengia
Release Date: January 18, 2025
In episode 1878 of "Crypto News Alerts," host Justin Verrengia delves deep into the current cryptocurrency landscape, focusing on Bitcoin’s meteoric rise, impending regulatory changes under the new Trump administration, and pivotal legislative movements across the United States. The episode prominently features insights from Max Keiser, a renowned Bitcoin advocate, and explores the potential implications of backing the US Dollar with Bitcoin.
Justin opens the episode with an optimistic overview of the cryptocurrency market, highlighting Bitcoin’s recent surge past the $105,000 mark. He provides a technical analysis using various time frames:
Quote:
"Bitcoin's rising wedge is looking fantastic right now. I believe we'll hit price discovery absolutely before Trump takes office in three days."
— Justin Verrengia [02:45]
A significant portion of the episode is dedicated to the impact of Donald Trump's inauguration on the crypto sector. Justin discusses the optimism among crypto investors regarding potential regulatory easing:
Quote:
"I am hopeful that Atkins and the new administration will take a balanced approach to foster innovation in the crypto space while ensuring proper oversight."
— Co-Founder and CEO of Fidium [06:00] [04:20]
Wyoming has introduced a groundbreaking bill aimed at establishing a strategic Bitcoin reserve. Justin explains the bill's provisions and its potential implications:
Quote:
"If the US adopts Bitcoin on a meaningful scale and accumulates reserves comparable to its gold holdings, it can use the future appreciation of Bitcoin to offset or even eliminate the debt."
— Samson Mao, CEO of Jan3 [12:15] [09:30]
Senator Cynthia Lummis has taken a bold step by sending a letter to the FDIC, alleging the destruction of documents related to Operation Choke Point 2.0. This operation previously aimed to restrict banking services for crypto-related firms.
Quote:
"If it is uncovered that you or your staff have knowingly destroyed materials or sought to obstruct the oversight functions of the Senate, I will make swift criminal referrals to the US Department of Justice."
— Senator Cynthia Lummis [06:24] [10:50]
The concept of the US establishing a Bitcoin reserve has sparked intense debate within the crypto community and among economists.
Quote:
"Trump's idea that the US Dollar can be backed by Bitcoin is fallacious nonsense that will cause massive inflation, kill the US economy, and send the Bitcoin price to $2,200,000 per coin."
— Max Keiser [25:30] [19:10]
California is making significant strides in integrating Bitcoin into its infrastructure through initiatives led by Assembly Member Philip Chen and the nonprofit Proof of Workforce.
Quote:
"Bitcoin isn't partisan; it's uniquely Californian. A huge part of Bitcoin's genesis story is an innovative network designed to protect the time, energy, and value of everyday working people."
— Founder of Proof of Workforce [18:20] [13:35]
Max Keiser, often referred to as the "High Priest of Bitcoin," provides critical perspectives on the proposed US Bitcoin reserve and the future of Bitcoin.
Quotes:
"Bitcoin separates money from state, effectively killing the state."
— Max Keiser [25:50] [20:05]
"If you're not in Bitcoin, whatever it is that you're doing, it's going to zero against Bitcoin."
— Max Keiser [29:43] [25:45]
Justin shares his personal experiences traveling through Bitcoin Country (El Salvador), highlighting the practical applications of Bitcoin in everyday transactions.
Quote:
"Our entire dinner with drinks was $10, and there are pupusa places where you can get three pupusas for a dollar. It's mind-boggling how inexpensive food is, particularly in Bitcoin Country."
— Justin Verrengia [20:15] [15:40]
Anticipating Trump's return to office, Justin discusses the potential executive orders that could redefine the US's stance on cryptocurrency.
Quote:
"Trump is widely speculated to be lining up a day-one crypto-related executive order as the local industry heavily backed his campaign and the incoming president promised that the US would be the crypto capital."
— Justin Verrengia [24:10] [17:50]
Quote:
"If the US adopts Bitcoin on a meaningful scale and accumulates reserves comparable to its gold holdings, it can use the future appreciation of Bitcoin to offset or even eliminate the debt."
— Samson Mao, CEO of Jan3 [12:15] [09:30]
Justin Verrengia wraps up the episode by reinforcing the pivotal role that Bitcoin is poised to play in reshaping the global financial system. With influential legislative moves in states like Wyoming and California, coupled with potential executive actions at the federal level, the crypto landscape is on the brink of significant transformation. Max Keiser’s critical perspectives provide a cautionary view against integrating Bitcoin into national monetary systems, emphasizing the volatile and revolutionary nature of cryptocurrency.
Final Quote:
"Bitcoin's ripping like a new Scotty Pippen 80 G's we're royalty, Bitcoin kings and queens, manifesting the kingdom that's finally come."
— Max Keiser [29:43] [25:45]
Note: For a comprehensive experience, including video content and live Q&A sessions, listeners are encouraged to visit cryptonewsalerts.net.