
BREAKING: Senator Cynthia Lummis and Eric Trump discussed cresting a Strategic Bitcoin Reserve at the Capital yesterday and today Cynthia Lummis posted: “₿ig things are coming” followed by a post saying “Stay tuned for 10 A.M.”
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JV
Welcome crypto fam to the number one daily bitcoin pod. Bitcoins are ripping like the new Scotty Pippen. We're back in the green. In today's show, I'll be sharing the latest technical analysis. And Also it's Max Kaiser's 65th birthday. The legend himself has been preaching about Bitcoin sub$1 going back to 2011 alongside Stacy Herbert via the Kaiser Report. So help me wish him a very happy birthday. On today's special day, we're also going to be discussing breaking News. Publicly traded FATH holdings adopts the Bitcoin Treasury Strategy. Kansas bill aims to allocate 10% of their retirement funds to the Bitcoin ETFs. Utah introduces a bill allowing state treasurer to invest into the public funds into the crypto. We'll also be discussing bitcoin wallets left behind by Ross Albrecht before prison sentence. Still hold 47 million worth of the biddy and he's now received over a million dollars worth of donations. Respect. We'll also be discussing Bitcoin could hit 700, 000 per coin amid currency debasement fears, according to Larry Fink, the BlackRock CEO. And Cynthia Lummis shares some big news as well. Today she's hinting big things are coming, referring to executive order Strategic Reserve for the United States, a bitcoin bill. We will be discussing this also she says she is honored to chair the Senate Banking Subcommittee on Digital assets, which is a sign of the time. Quoting CZ U. S Strategic Bitcoin Reserve pretty much confirmed crypto moving at crypto speed again. 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 1884. I'm your host JV. Is January 23, 2025 a special day for multiple reasons? One of them being it's the high priest Max Kaiser's special 65th birthday. So show some love for Max. Also, rumors of the strategic bitcoin reserve. I'm going to give you all the updates from Cynthia Lummis as well as the industry, you know, insiders. And I'll be sharing all the information I have on the topic. A big call today as well between Trump and bukele at 3:30pm Eastern. What do you think they're going to be conversating about? There's speculation floating around that I won't even mention it yet. We'll keep that for the end of the stream. That's our actually our featured topic but you already know I just got back from bitcoin country so let's just say things are about to heat up so we'll leave it at that. But anyways, let's kick it off with our Mario watch as we do each and every day you can see bitcoin pretty little bitty going up bitcoin pumping just shy of 105 at a time of the live. Meanwhile the alt rec city most of them are correcting it in the red. Checking out coinmarketcamp.com the current crypto market cap sits pretty at 3.58 trillion the Bitcoin market cap 2.073 trillion. We got 175 billion worth of volume for the past 24 hours and the bitcoin dominance is still on the climb almost 58 today. Ether dominance back on the decline all the way down to 10.9%. Want want for the ether and check it out top 100 crypto gainers past 24 hours. We got XDC, KCS and ETC. Which alt if any are you bullish on besides the btc. Holl at your boy let me know. And checking out the crypto bubbles we get a visual perspective on the day the bulk of the market safe to say 90% in the red rec city for the alts zooming out on the month very similar maybe 8020 red over green rec city as well. And checking out the crypto greed and fear index we're currently at 75 greed yesterday 84 extreme greed. The higher that number goes more likely of a correction last week at 75 and last month of 73. And checking out the time Jane calendar can we go back in time in the DeLorean hit up Marty McFly and buy some bitty when you can get four for a dollar back around the time Max was preaching the holy gospel of Satoshi when it all began. Anyways, we're on block height number 88 I'm sorry 880,522 and you currently exchange one fiat monopoly dollar for 955 sass to stack the stats, put down the gats and pick up the bitcoin caps from my boy sergio over@bitcoincaps.net cop yourself a camo El Salvador Buell just like this. First we'll start with the astrology for the broskis as we do here each and every day. As you can see, bitcoins are ripping like the new Scotty Pippin. We are flipped back in the green which is good. We were just above 106.
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JV
A lot of volatility in the market, which is to be expected Headline here reads bitcoin price gained 40% in two months when bitcoin was last this range bound. That's right, Bitcoin bulls not left a hundred thousand behind as the round number level forms the enduring market focus. All eyes next. I mean we hit 1093 which is practically 110. So Bitcoin's current 60 day price range is very narrow. Historically, periods of a tight price range often proceed heightened volatility, precisely what I've been preaching. The current 60 day range is 19%, a level seen only five times since 2019 and which in 2023 came at the start of the major bitcoin price upside from 30G's October 22 that year it expanded to 42, 000 by December 31, a 40 increase in roughly two months. Furthermore, 20 of the bitcoin supply is concentrated within 15 of the spot price as Glass Node observed. They also said this creates the potential for amplified market volatility as investor profitability continues to shift. They also say on the week on chain when supply is highly concentrated around the spot price, small movements in price can significantly affect investor profitability which can turn to amplify the market volatility. And after the bitcoin price peaked in December, it started to consolidate, creating a dense concentration of supply with a cost basis close to the spot price. Meanwhile, Bollinger bands deliver classic breakout hints despite the short term snap moves within the range. The bitcoin price volatility is historically low as viewed through the popular Bollinger bands indicator, which we commonly use as well when we do our pump watches. Matthew Highland early in the month on the three day time frames noted the bands were recently at their closest together since January of 2024 practically a year ago. And in December, the indicators creator John Bollinger highlighted a textbook Bollinger band behavior for the bitty SL USD daily chart. Also want to reiterate Max Kaiser's birthday today. So please do wish him a special birthday over on X. I wrote here Happy 65th birthday to the bitcoin legend Max Kaiser who has been orange pilling millions of people via the Kaiser report alongside Stacy Herbert since 2011, leading the way for bitcoin adoption to bitcoin country. Max is a prophet of satoshi and believes Bitcoin hitting 2.2 million this cycle is inevitable. Please help me wish my man Max a happy B day. That was very kind of him to write these kind words. A true friend. Thank you. You're very welcome, Max. And it was an honor, you know, chilling and kicking it at your event at the Max and Stacy Invitational. And thank you for all the hospitality and it felt amazing just being in bitcoin country, especially with you. So much appreciated. We're going to pull up the charts. Trump just made a big speech for the World Economic Forum. I just wanted to point out, quoting them here, America will be the world capital of crypto. And in other news, publicly traded Fathom holdings adopts bitcoin treasury strategy. Another one bites the dust. Ah, and another one. Exactly. But let's pull up some of the live charts. Welcome everyone. Join the live stream. Let's blow this mofo up already. 1500 people here live and in the flesh and we greatly appreciate that. But yeah, here, let's check out trading view via Coinbase. Coinbase Exchange. This is the one hour chart. You can see we do have 117000 target on the one hour which is very unusual. But look at that big bullish Godzilla candle on the hourly. That was a mega pump. I believe that was off the back of the news of the bitcoin strategic reserve which we'll touch upon later in the show. Stay tuned. Zooming out from the one hour live chart. Action Jackson live it in the flesh. The four hour chart still has the green bull target of 130 which I love to see. Extremely bullish for the four hour chart. And as you can see that big green candle forming on the four hour. Because we just had that mega pump here in a few minutes a few minutes ago before we went live. And zooming out on the daily. As you can see here we have a rising wedgie green candle forming. Yesterday was a corrective day in the market. The day before that was a nice pump as you can see reflected from the candles. And zooming out from the daily we take a look at the weekly. We still have the sexy cup and handle target in play. As you can see on your screen sitting at 124G's baby. And you can see we had a nice green candle close on Sunday and we're three days out to the next week candle clos and but we're building green. We're having a lot of momentum. Very exciting times. 124,000 in play. Zooming out on the monthly as you can see here, big green candle forming already for January. We got another week yet to go to put a bow on this month. Last month was a little itty bitty red corrective for December and November. The biggest green candle we have seen since the inception of the Genesis block. And if you don't know now you know Broskis. But let's continue with the news being we have so much regarding Bitcoin adoption across the world, including right here in the United States of America. That's right. Kansas bill aims to allocate 10 of the retirement funds into the Bitcoin ETFs. That's right. Kansas State Senator Craig Bowser has introduced a bill to invest 10 of the public employee retirement funds into the spot Bitcoin ETFs. Bowser, I don't know if that's related to the Mario Brothers, but introduced Senate Bill 34 which seeks to authorize the Kansas Public Employees Retirement System to invest the portion of the retirement fund into the biddy backed ETFs. As you can see, the breaking news right here. Pretty exciting. Quoting the bill which is to establish a board of trustees who will spend up to 10 of the money in the state's retirement fund on Bitcoin back ETFs. Here's what it wrote. The board may invest and reinvest monies of the fund in the Bitcoin ETFs. Issued by the investment company registered in Kansas. Isn't that where the yellow brick road with what was that wizard of Oz? Wasn't that in Kansas? It added that when and did you know that was basically a metaphor the yellow brook road for the gold standard. Something I discovered. It was actually quite interesting. Let me know if you ever heard that. But anyways, it added that when the value of the big one etabs exceed 10 of the fun. The board is not mandated to sell unless it would be in the best interest of the beneficiaries. The bill also adds that the board of Trustees will be mandated to provide an annual examination of the investment program to monitor the performance of the investments. And while the proposal is a significant move for bitcoin advocates in Kansas, it must navigate the legislative process before becoming a law. The Bill was introduced January 16th and was passed on the Committee on Financial institutions and insurance January 17th the following day, and from there it must pass four additional steps before being referred to the House of Representatives where it will undergo a similar process and if approved, it'll be sent to the governor for the final approval or veto. Let's go. Veto. This bill marks a potential shift in Kansas lawmakers stance on crypto investments. Back in 2023, lawmakers in the Kansas House Representatives introduced a bill to limit political crypto donations to 100 bucks. The hundred dollar cap would be based on the fair market value of the digital assets after it was received. What's $100 worth of Bitcoin nowadays? Like 0001? I don't know. So that's why I asked. The bill would also require the crypto donations to be immediately converted into US Dollars h with no scope for expenditures or holding of the asset. However, the 2023 bill was struck from the calendar after failing to comply with the state's Rule 1507, which enforces strict deadlines for certain bills. You got to follow the deadlines. So there you go. Bitcoin adoption occurring not just at the national happening at the state level. I think there's now 12 or so United States states adopting Bitcoin some way somehow, whether it's the Treasury Strategic Reserve, some form of adoption, pension funds, you name it. So this is all very exciting. Let's discuss the Utah bill next. Utah introduces a bill allowing State Treasurer to invest public funds into crypto. That's right. Lawmakers in Utah are considering a new proposal that would enable the creation of a state crypto strategic reserve using the public funds. Utah state represent Jordan Tier, a Republican, introduced the bill that would allow the state Treasurer to invest public funds in digital assets such as Bitcoin and stable coins. Quoting them here, Utah is proud to lead the way in blockchain and digital innovation. This bill reflects our commitment to embracing the cutting edge technology and preparing for the future of finance while ensuring fiscal sovereignty. The Blockchain and Digital Innovation Amendments authorize the State Treasurer to invest certain public funds in qualifying digital assets, establishes requirements for the custody and management for digital digital assets, creates regulatory requirements for stablecoin investments and authorizes the Treasurer to engage in staking and lending a digital assets under specified conditions. The proposed legislation allows for up to a 10% investment in crypto assets from several state budget accounts including the State Disaster Recovery Restricted Account, the General Fund Budget Reserve account and the income tax fund budget reserve account and the Medicaid gross growth reduction and budget stabilization account. The bill also says the state could only invest in stable coins or digital assets with a market cap of over 500 billion average over the previous 12 months. Tether USDT there's also crypto custody service security measures spelled out in the bill that require cryptographic private keys exclusively within an encrypted environment accessible via only end to end encrypted channels which prohibits access by a cell phone and hardware containing cryptographic private keys. And at least too geographically diversified specifically designated secure data centers. Definitely good for securing your biddies. You already know nacho keys, nacho coins and do not treat the exchanges as your long term custody service provider because you don't even own that crypto. If the exchange were to get hacked, gone. If something were to happen to the exchange like we saw with ftx, which was once the second largest crypto exchange in the world and they filed for Chapter 11 bankruptcy, adios, you lose it all. Because if you don't hold your own private keys, not your bitties, that's the bigger picture. So you want to self custody. Learn how to properly self custody and only keep on the exchanges what you're actively trading. If you don't have active trades, it's not really advantageous to use centralized exchange as a custody. So it actually defeats the purpose. A bitcoin which separates your money from the state, you want to remove the intermediaries and you can do that with self custody. Common sense. And for those that don't know, maybe new one. Bitcoin can be divided by 100 million sats satoshis. So keep in mind you can purchase any amount of bitcoin. You don't need to be rich and have to have a hundred and five 000 in fiat sitting in the bank. In fact if you have a hundred and five 000 sitting in the bank and fiat. What do we call them folks around here you already know. So stack the bitty, purchase any amount of the bitcoin you can and just stack stats accordingly. Hodl dollar cost average. That's the name of the game. That's the playbook. That's what Mikey Saylor's doing. Which one's the best crypto asset? Well, bitcoin's the best crypto asset. Okay. What's the second best? There is no second best.
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JV
I'm sorry I lied. I'm number one. 2, 3, 4. Let's discuss the latest from Ross Albrecht. He is now home with his family. I'm sure you guys saw the infamous photo floating around as soon as he left prison. And he had that little plant in his hand. There's other photos now surfacing of him hugging his family. Everyone you know, rallying around this man, showing him support. If you don't know he was falsely imprisoned for 12 freaking years because of some political trying to make an example out of him being a bitcoiner founder of the Silk Road. But here's the latest. Bitcoin wallets left behind by Ross before the prison sentence still hold 47 million worth of the biddy. So my question for you, do you think he still has access to this $47 million worth of Bitcoin? Hey now, let me know your thoughts. Coinbase director Connor Grogan says bitcoin wallets left behind by Ross when he was in prison for his underground online marketplace Silk Road are still holding tens of millions of dollars worth of the biddy. On Tuesday, Trump pardoned all bricks he kept to his word, who had been serving a life sentence for running the Silk Road, which facilitated the anonymous sale of illegal drugs and illicit goods. Using bitcoin as a method of payment. That's like saying we need to lock, lock up what's his name, the chairman of the the Fed and you know, the money printer people such as J. Powell and Janet Yellen and Christine Lagad because people are using the cash that they print to do illicit activity. That's the same logic and reasoning for why they locked up Ross, which makes absolutely no sense. It was really just an attack on bitcoin. Albrecht was arrested in 2013 and sentenced in 2015. The government sees tens of thousands of the biddies tied to Silk Road, but Grogan says they weren't able to get their hands on 100 of the coins. Quoting them here, I found 430 bitcoin across dozens of wallets associated with Ross that were not confiscated by the government and had been untouched for 13 plus years back when these were probably dust wallets. Now Collectively the word 47 million. Welcome back Ross. We so back. However, Grogan cast doubt on whether all brick can gain access to the bitcoin in the wallets. So that's the million dollar question, right? Unlikely if he has the keys still stored down anywhere. I guess I will see soon enough. So I guess we know if it starts to move on chain and we'll all know he knows that the addresses were identified from court documents amongst other sources. Not going to share the Addresses, but all of them are public, cited and trial docs are direct adjacent and tracked already by multiple sources. So people will be watching all. Brick received a double life sentence plus imagine two life sentences plus 40 years just in case you survive those two life sentences without any possibility of parole. Which was significantly harsher than many individuals who sold illicit goods on the Silk Road. Exactly. People actually selling the drugs didn't get sentences like that. They got like five years, six years. Etc. President Trump issued Al Brick and unconditional pardon and provided a statement on truth Social. Quoting Trumpster here. I just called the mother of Ross William Alick to let her know that in honor of her and the libertarian movement which supported me so strongly, it was my pleasure to have just signed a full and unconditional pardon of her son Ross. The scum that worked to convict him were some of the same lunatics who were involved in the modern day weaponization of government against me. He was given two life sentences plus 40 years. Ridiculous. Couldn't agree more. It's a bunch of. If you're to ask me. As you can see here, Ross Albrick just received $260,000 yesterday alone in donations. I know one of them was the Kraken Exchange. Donated one bitcoin. At this rate, I'll have a new million dollars in bitcoin in the next three days. Because we all love Ross. We don't like to see our heroes being, I mean, criminalized in the, you know, the corrupt justice system, which is precisely what we all witnessed. So kudos to each and every one of you who have been tweeting about Ross. Because us, the government, has to follow our request. If we all demand something, they're going to have to follow what the people want. But if we're quiet and we acquiesce and we do nothing about it, we can't expect nothing different. We can't expect change. The same way we're demanding Ross be freed, in which he is now a free man, we need to be demanding the strategic bitcoin reserve. Demand it and we'll get it. Acquiesce. Don't expect anything, fam. But next story, let's discuss the 700, 000 target from Blackrock. Then we'll discuss what's on everyone's mind, the strategic bitcoin reserve bill, executive order and all the details. You know, Bukele, Trump, all the rumors I'm gonna cover, so stick around. But first we got to cover the latest from the BlackRock CEO, Mr. Larry Fink. Bitcoin can hit 700 GS amid the currency debasement fears, according to the BlackRock CEO. That's right. Yo, let's break this down. BlackRock CEO Larry Fink, Mr. Lawrence Fink appeared for an interview at the World Economic Forum. In fact, Trump just spoke at the World Economic Forum as well in Davos to discuss the future of digital currency. He said bitcoin can climb to $700,000 per biddy amid the currency of the basement fears. And we all know the dollar is mathematically guaranteed to continue to decrease in purchasing power because the pretty little money printer will go burr. So no matter what story they try to convince you and lie to you saying we got the inflation under control, we got it at 2%, it's on top of it has to go. The, the dollar is doomed. The more money they print, the less purchasing power you have with the dollar. So everything around us, you're like, things are getting expensive. No, your dollar is becoming more and more worthless this each and every day. That's why we have bitcoin. It's a hedge against the United States dollar. The mathematical certainty of bitcoin going up in purchasing power is 100%. It's a mathematical certainty. It's mathematically guaranteed. As it has been since the inception of the Genesis block. Bitcoin's been on a 16 year bull trajectory and it's not slowing down family. The CEO said collective small allocations from asset managers between 2 to 5%, which is little, it's nothing, it's light could drive such a price increase. What if they were to do to 5, 10, 10, 20%? What if they were to do like an 86.5 allocation which BlackRock once recommended in one of their research reports which I have covered here on the pod. Quoting them here. If you're frightened about the debasement of your currency or you are frightened of the economic or political stability of your country, you can have an internationally based instrument called called bitcoin that will overcome those local fears. And may I remind you guys, in our society, all the corn has gmo. It's not good for you. The only non GMO crop left on the planet is Bitcoin. So stack your bitcoin accordingly. And so I'm a big believer in the utilization of that as an instrument. Fink continued, the Black Rock CEO also qualified his statements by adding that he was not promoting bitcoin coin. Yeah, if someone says I'm not promoting bitcoin, that means they are promoting bitcoin. Law of attraction. Anyways, Fink also Said he was concerned about the possibility of elevated inflation over the next 12 months and warned there was a danger in assuming that peak inflationary levels have already been reached. At least he's speaking the truth here. You don't really expect BlackRock to deliver the truth on a silver platter, but he's actually being honest. That's 100 accurate right there. So they're not even lying about it. No more CPI inflation data for 2024 came in slightly lower than expected at 3.2%. But we all know true inflation 20%. I mean, if the low, maybe 15. It depends on how we're measuring it. But just look at your food costs, look at the real estate and tell me that they actually have inflation under control at 3 or 2%. It's hysterical. We're living in a clown world. However, some investors and analysts have argued that the cpi, which measures inflation based on rotating bass in the common household goods loads, is a poor measure. Exactly. It's a poor measure because they can fudge the metrics, which is how they fudge the month. Freaking numbers. Shareholder proposal submitted to Meta in January requesting the company adopt Bitcoin as a reserve asset. Do you think the Zuck will do that? Suggesting that the true inflation rate could be double the reported. Yeah, or quadruple. The national center for Public Policy Research, a think tank advocating for the free markets, submitted the same shareholder proposal to Amazon in December citing the same arguments. Eventually all these big companies will come around to the biddy. They have to. And who are some of the largest shareholders of these big companies. It's always BlackRock, it's always Vanguard. And BlackRock has tremendous exposure already to bitcoin, you understand? They own. They're the primary shareholder of Micro Strategy. They're the primary shareholder of a lot of the bitcoin miners. They're now, I think up to like 800, 000 Bitcoin or I know it's well over 500, 000. They're stacking Bitcoin so fast they're breaking records. There's been more bitcoin volume just through the Spot ETF, thanks to BlackRock and the other asset managers, than the Gold ETF over the past two decades. And the Bitcoin ETF is only a year old. Just to give you some perspective. It's getting crazy. You think that's going to slow down? I think not. They want to own all the real assets in the world and the greatest asset to ever exist. This is the bitty quoting them again. In reality, the true inflation Rate is significantly higher with some studies estimating it to be double the CPI at times. And I dare say triple, quadruple and whatever comes after that. But what are your thoughts, family? Now for our featured story of the day fam. Cynthia Lummis let the cat out of the bag. She wrote big things are coming with the bitcoin symbol and it all started here. So let me share my screen and show you what I got. We're going to be discussing the strategic bitcoin reserve for the United States executive order. We're also going to be discussing Buchelle and Trump. They have a meeting today, a conference call at 3:30pm Eastern. So I'm going to be sharing any of the insights that I have so we can get to the bottom of this. What's going on as the pretty little bitty continues Going up forever, Laura. So, yeah, it all started here with Cynthia Lummis. She made this tweet. It got a lot of views already, 50, 000 hearts, 12, 000 reposts. And she wrote throat. Big things are coming. Stay tuned for 10:00am Now, I don't know if she was referencing her Wyoming time here because she didn't put eastern or the time zone. But nonetheless, all eyes have been on Cynthia Lummis's feed. So we're gonna start here. And so Kraken exchange responded, by big things, do you mean U S. Bitcoin? I mean, what else is big? We already got Ross as a free man. The next big promise now that Gensler has resigned is the strategic bitcoin reserve. It's on everyone's mind line, so I can read between the lines, but we're going to go to our account. But I'm going to just finish going through some of these things. Trump and Bukele have a call today which has been confirmed by multiple sources at 3:30pm Eastern. What do you think they're going to be discussing? You tell me. Now. Max Kaiser wrote something here. But first I'm going to read what this says, quoting Cynthia Lummis. Wouldn't it be fun if the United States is buying bitcoin and it scares China and Russia, so they start buying bitcoin and we have an arms race over bitcoin instead of over weapons. Precisely what the high priest predicted. That's why he wrote here. Don't know why. She never gives me credit for this idea that I originated. He actually coined the phrase global hash wars. What are the hash wars? It's the race for countries around the world to gather the biddy also referred to as game theory. So shout out Max. He actually did predict all this. This and it's coming into fruition and now they're talking about it and now it's like spreading like wildfire. Max also wrote printing meme coins is the same as printing US Dollars. Both cause a loss of purchasing power. An example, inflation. Trump can't fight inflation by printing meme coins US Dollars and calling for lower rates. Precisely. It's an oxymoron. It's impossible. It can't happen. Bitcoin surged to seven figures will be powered by these mistakes. 100. And that's why Max is calling for 2.2 million, which he says is inevitable for this cycle. Let me know if you agree disagree with a high priest. Now for some other breaking news. Cynthia Lummis announced here I am honored to chair the Senate Banking Subcommittee on Digital Assets. Let's go quoting her here. Digital assets of the future. And if the United States wants to remain a global leader in financial innovation, Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets that strengthens the US Dollar with a strategic bitcoin reserve. Repeat, Strategic Bitcoin reserve. I am humbled. My colleagues have placed their trust in me to chair this historic subcommittee. And I look forward to shepherding bipartisan legislation to President Trump's death this year that secures our financial future. So now that she is the chair there on Senate Banking Subcommittee on Digital Assets, what do you think is the most likely predictable outcome? Strategic Bitcoin Reserve. Strategic Bitcoin Reserve. So out Senator Lummis, CZ Wrote here after Senator Lummis announced honor to chair the Senate Banking Subcommittee of Digital Assets. Shout out CZ U. S Strategic Bitcoin Reserve pretty much confirmed crypto moving at crypto speed again. So, yeah. So to clarify, did we get clarification that Trump actually signed the bill or the executive order on the strategic Bitcoin Reserve? No, in fact, he most likely hasn't. However, it's a process and the process is happening. It seems thus far Trump is sticking to his word. What did he say he would do? Do? He said he would fire Gary. Gary's already resigned. He said he would free Ross. Ross is a free man and he said he would stockpile the bitcoin and establish a strategic bitcoin reserve. Cynthia Lummis wrote the bill. Do you think it's going to happen? Absolutely freaking Lutely. When is the million dollar question. But it's in play now. Also, other big news. Just the other day and I'm going to read it to you because I know it's cut off on the screen, but Senator Lummis and Eric Trump discussed creating a strategic bitcoin reserve at the Capitol yesterday. So. So Trump Jr. Or Eric Trump in this case was just speaking with Senator Lummis at the Capitol yesterday about a strategic bitcoin reserve. Connect the dots, read between the lines. It's quite obvious if you're to ask me what's really happening here. And then we got the news with, you know, Bukele and Trump. As you can see here, Trump and Bukele are going to hold the call today, 3:30pm Eastern with El Salvador's Nig Bukele. I mean look at this. Two of the world's best leaders coming together to lift up the biddy. I mean this is like a dream come true right now. I'm almost teary eyed. Oh my God. Thank God I'm wearing glasses. I'd feel embarrassed. And then you have the CEO of Rumble. President Bukele is ahead of his time when every country was pro censorship. He invited me to his country to reinforce how pro speech and pro freedom El Salvador is now. Tether is headquartering there and Rumble will also open offices. Let's go. So yeah, there's a rumor that at 2:30 there could be an executive order signed by Trump. It could be for the strategic reserve. I don't know. These are rumors at the current time. But things are looking pretty incredible if you're to ask me. And then Cynthia also updated us here on her profile. There is a big lift ahead. It will require consensus building and loud voices. That means you and I folks, so get loud. But remember to codify a strategic bitcoin reserve, we need majorities in both houses. Make friends where you can. So this tells us that the next step, it has to pass the majorities of both houses before it enters the deaths of the Trumpster. At least that's how I'm deciphering these messages. You let me know your thoughts. David Bailey of the, you know, the CEO of Bitcoin magazine wrote rally behind Lummis and make the Bitcoin act the law of the land. And let's see if there's any new updates since then. Shout out Cynthia Lummis. You know she's awesome by the way. Just a little reminder, things are about to get crazy. This was actually posted last week. Emotions and excitement can run high. Don't send bitcoin and crypto to some rando. What exactly. If someone's pretending to be JV Cynthia Lummis Trump Bukele Sailor Kaiser it's a scam 10 out of 10 times and just make note of that. There's a lot of imposters and scammers out there. David Marcus congratulating Lummis. I couldn't think of a better pick to lead the country on the path for the U S to win the global digital asset race decisively. A new era is upon us. And then she wrote here yesterday a huge thank you to the Wyoming National Guard members who offer support for the Washington for Trump's inauguration. We we appreciate you all the braving winter weather to ensure safety security but bottom line big things are coming. I wonder what these two are going to be talking about discussing on the phone today at 3:30pm Eastern. You let me know. There's the news. There you have it. And if you don't know now you know. Broskis I'm gonna read the comments here for a moment. Welcome everyone joining us fourth almost 4,000 of you you on the stream today and it's an early stream so make some noise for that all time highs in play. We're only 3, 000 away. I think off the back of this news I don't think the strategic bitcoin reserve is priced in so off the back of this news I think we can continue to pump I think we can enter price discovery I think we can finally smash 110, 111, 120, 124 El Salvador let's freaking go foreign. 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 1884: Trump Signed Bitcoin Strategic Reserve Bill Executive Order Host: Justin Verrengia Release Date: January 24, 2025
In Episode 1884 of Crypto News Alerts, host Justin Verrengia (JV) kicks off the show by celebrating Max Kaiser's 65th birthday, honoring Kaiser’s long-standing advocacy for Bitcoin since 2011 alongside Stacy Herbert via the Kaiser Report. JV warmly invites listeners to join in wishing Max a happy birthday, highlighting his pivotal role in Bitcoin's adoption and his prediction that Bitcoin could reach $2.2 million in the current cycle.
Notable Quote:
“Happy 65th birthday to the bitcoin legend Max Kaiser who has been orange pilling millions of people via the Kaiser report alongside Stacy Herbert since 2011.”
(00:00)
JV provides a comprehensive technical analysis of Bitcoin's current market status. Bitcoin is experiencing significant growth, climbing back into the green and approaching the $106,000 mark. Despite altcoins facing corrections, Bitcoin's dominance remains strong at nearly 58%, while Ethereum's dominance declines to 10.9%.
Key Statistics:
Notable Quote:
“Bitcoin's current 60-day price range is very narrow. Historically, periods of a tight price range often proceed heightened volatility.”
(05:17)
A publicly traded company, FATH Holdings, has embraced the Bitcoin Treasury Strategy, signaling increased institutional adoption of Bitcoin as a treasury asset.
Kansas State Senator Craig Bowser introduced Senate Bill 34, proposing that the Kansas Public Employees Retirement System invest up to 10% of its retirement funds in Bitcoin ETFs. This move marks a significant legislative shift towards integrating cryptocurrency into state-managed funds.
Notable Quote:
“The board may invest and reinvest monies of the fund in the Bitcoin ETFs issued by an investment company registered in Kansas.”
(09:30)
Utah lawmakers are considering a bill that would authorize the State Treasurer to invest public funds in digital assets, including Bitcoin and stablecoins. The bill emphasizes secure custody requirements and limits investments to digital assets with significant market capitalization.
Notable Quote:
“Utah is proud to lead the way in blockchain and digital innovation. This bill reflects our commitment to embracing the cutting edge technology and preparing for the future of finance while ensuring fiscal sovereignty.”
(12:15)
JV discusses the recent pardon of Ross Albrecht by President Trump, which concluded a 12-year imprisonment for his role in founding the Silk Road marketplace. Notably, Ross left behind Bitcoin wallets holding approximately $47 million. Coinbase Director Connor Grogan highlighted that while these wallets remain untouched, access to the funds remains uncertain due to potential loss of private keys.
Notable Quote:
“Ross Albrecht just received $260,000 yesterday alone in donations. I know one of them was the Kraken Exchange. Donated one bitcoin.”
(16:42)
In a significant statement at the World Economic Forum, BlackRock CEO Larry Fink predicted that Bitcoin could surge to $700,000 amid fears of currency debasement. Fink emphasized Bitcoin's role as a hedge against the declining purchasing power of fiat currencies, suggesting that even modest allocations by asset managers could drive substantial price increases.
Notable Quote:
“Bitcoin can climb to $700,000 per biddy amid the currency debasement fears.”
(19:05)
Cynthia Lummis, now chairing the Senate Banking Subcommittee on Digital Assets, has been instrumental in pushing forward the concept of a Strategic Bitcoin Reserve for the United States. Lummis advocates for bipartisan legislation to establish a comprehensive legal framework for digital assets, strengthening the US Dollar through Bitcoin reserves.
Notable Quote:
“Congress needs to urgently pass bipartisan legislation establishing a comprehensive legal framework for digital assets that strengthens the US Dollar with a strategic bitcoin reserve.”
(22:30)
JV highlights the anticipation surrounding potential executive orders and legislative actions spearheaded by Lummis. Additionally, there's excitement about an upcoming conference call between President Trump and El Salvador’s President Bukele, speculated to further cement Bitcoin's role in global finance.
Notable Quote:
“Max actually did predict all this. This and it's coming into fruition and now they're talking about it and now it's like spreading like wildfire.”
(25:50)
JV encourages listeners to stay informed and engaged, emphasizing the importance of self-custody in Bitcoin holdings and the potential for significant market movements driven by institutional and legislative actions. He invites the community to participate in live Q&A sessions and stay connected through the Crypto News Alerts platform.
Notable Quote:
“Stack the bitty, purchase any amount of the bitcoin you can and just stack sats accordingly. HODL dollar cost average. That's the name of the game.”
(16:40)
Episode 1884 encapsulates a pivotal moment for Bitcoin, marked by significant legislative moves, institutional adoption, and influential endorsements. With leaders like Cynthia Lummis and Larry Fink advocating for Bitcoin's strategic integration into national financial systems, the stage is set for unprecedented growth and mainstream acceptance of cryptocurrency.
JV closes the episode with a call to action, urging listeners to stay vigilant against scams and continue supporting Bitcoin's journey towards becoming a cornerstone of global finance.
Final Quote:
“Don't send bitcoin and crypto to some rando. What exactly if someone's pretending to be JV, Cynthia Lummis, Trump, Bukele, Saylor, it's a scam 10 out of 10 times.”
(30:45)
Stay Informed and HODL!
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