
"Emergency Press Conference: Ripple is undermining American prosperity, freedom, and Bitcoin. Ripple is actively lobbying to stop a Bitcoin Strategic Reserve in the U.S. while pushing their centralized, corporate-controlled token. We will not stand for it."- Jack Mallers (Strike CEO)
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Ryan Reynolds
Hey, I'm Ryan Reynolds. Recently I asked Mint Mobile's legal team if big wireless companies are allowed to raise prices due to inflation. They said yes. And then when I asked if raising prices technically violates those onerous two year contracts, they said, what the are you talking about, you insane Hollywood So to recap, we're cutting the price of mint unlimited from $30 a month to just $15 a month. Give it a try@mintmobile.com Switch $45 upfront.
JV
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Ryan Reynolds
Welcome crypto family to the number one daily Bitcoin pod. In today's show, I'll be sharing the latest technical analysis along with a price target of $321,000 in play. Also, breaking news, Trump is forcing everyone to up their game according to the Coinbase CEO Brian Armstrong. Also, as Dylan LeClaire shared on Fox Business Live, there are rumors that several Middle Eastern countries have established significant Bitcoin stockpiles. Bitcoin game theory in full effect. Also, the Bitcoin banks are coming in the United States of America now that SAB121 has been rescinded. We'll also be discussing the Bitcoin cheat code as the hash wars continue around the globe. I will also be discussing NASDAQ seeks amendment to Black Rock's Bitcoin ETF for the in kind redemptions as well as micro strategy announces a debt buyback amid the potential tax on Bitcoin gains. They're seeking like 1819 billion from the gigachad. We'll also be discussing new strategic Bitcoin reserve bill Ohio gain support from six co sponsors. We'll also be discussing Ripple and XRP strategically undermining the US Strategic Bitcoin reserve. Well, according to Jack Mers, he says Ripple is actively lobbying to stop a Bitcoin strategic reserve in the US while pushing their centralized corporate controlled token. 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 1886. I'm your host JV. It's January 25, 2025. Happy sat stacking Saturday. Let's kick it off with our market watch as we do each and every day now. You should be able to see coin360 on your screen. Bitcoin correcting some currently above 1053 Ether XRP in the bulk of the market. Also correcting and in the red. And checking out coin market cap.com the current crypto market cap is $3.61 trillion. The Bitcoin market cap is just shy of $2.1 trillion and 94 billion worth of volume for the past four hours. And the bitcoin dominance is currently sitting pretty at 57.7% with ether dominance at 11.2%. And checking out Tundo crypto gainers past 24 hours. We got rune up 33.3%, Jupe up 14%. Y'all remember that cologne Bros Jupe back in the day. Litecoin up 6%. Which alts if any are you bullish on for the poll? Holla. And checking out the crypto bubbles, we get a visual perspective on the daily. Then we'll zoom in out on the monthly. And it safe to say, wow, maybe 80, 90% of the market correct of and in the red over green. And zooming out on the monthly safe to say. And no, that's not Nip andator barking. Those are the neighbor dogs. Nip is always a gentleman. I mean he's the new chairman of the SEC for Christ's sake. But here maybe 60, 40 red over green. But the ones in the green have pretty impressive gains for the month. And checking out the crypto green and fair index, we're currently a 75 GRE yesterday 75 last week at 77 extreme and last month is 79. And there you have it. Yo. And checking out the time chain calendar, we're currently on block number 880, 786. 169000 blocks to go into the next having in 2028. And you currently exchange one fiat monopoly dollar for 951 sats a stack the sats put down the gas and pick up some bitcoin caps from my boy sergio@bitcoincaps.net and if you don't know now you know. Welcome everybody. Let's kick it off with our astrology for the Broskis as we do each and every day. Analysts here says thousand this cycle. I'd say why so bearish but nonetheless I'll pull up some of the live charts, but let's just go over some of this. In a substack post, Tony Severino sounds like a Pisano predicted that the bitcoin price could rally as high as 321 this particular bull. This came as the analyst highlighted the potential head and shoulders pattern that had formed on the bitcoin chart. The analysts claim that if the bullish pattern was valid, it projects a maximum target of 321 per bitty. He also admitted that this price target for bitcoin price is too high, but remarked it's the math. Increasingly or interestingly, the crypto analyst went on to give a higher price prediction for the bitty based on another bullish pattern. According to him, bitcoin could reach 345,000 if it touches the upper boundary of the primary uptrend channel over the last eight years or thereabouts. And here's the chart and you can see. Meanwhile, he also provided more conservative target for the bitty. The analysts predicted bitcoin could be touching at least 158,000. This came, as he noted, Imagine what's.
JV
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Ryan Reynolds
Think with Capella University. Learn more@capella.edu that the 2021 cycle peak the inverse Fibonacci extension could project the 2025 cycle peak. And if so, he stated that this peak inverse fib extension is located amongst the lowest estimates for Bitcoin at 158 GS. There's other targets according to the Fibonacci 1.618 sitting at a potential target of 194,000. So there's price targets all over the place. But we're going to actually pull up some of the live charts here via Coinbase via Trading View. You should be able to see on your screen also in the comments. Let me know where you feel Pretty little Bitty will likely go for a cycle peak this year in 2025. My personal projection bullish scenario 1.1 mil base case because I'm based for the Brosis 4 20. You guys let me know. But anyways, here's some of the live chart action. Jackson. Here's a 10 second chart. So we got to zoom this mofo out. Just give me a second. We'll go to the one hour and start from there and work our way backwards. So yeah, here's a one hour chart. There's a rising wedge formation sensation. We do have a blue target sitting pretty just shy of 118G's baby. First you get the bitties, then you run the cities. It's bitties over. You already know the bitty is the king. No diddy. And zooming out from the one hour we check out the four hour and the four hour shows us some different targets as well. You got a beautiful orange target sitting at 130 GS which recently formed just a couple of days ago on the four hour chart. One of my faves. So very bullish. And checking out the daily you can see rising wedge formation. We had a few corrective red daves of the past week but overall we're continuing the momentum as we continue to trunk pump. Current all time high is 10, 9, 3. So 110 takes us to price discovery Bros. And zooming out from the daily, let's take a look at the weekly. The weekly chart says it's going up forever. Laura. That's right. We're forming a nice green candle tomorrow. We get the close at around 6pm Last week was a green candle close. Then the prior week was a little itty bitty red corrective. But you can see the overall formation since the Trump inauguration has been extremely bullish in the markets. And zooming out from the weekly, take a quick look at the monthly. And the monthly says we're forming a green. We got virtually a week left until the end of the month. December was 80 bitty cracked of red and November the biggest green candle we have seen close to 30 GS of fiat price appreciation within 30 days. That's an average of a thousand a day. So there you go, crypto bros. All right, let's discuss the latest. With Trump and the rest of the world having to up their game according to the CEO of what's it called? Coinbase, the largest crypto exchange in the United States. As you can see here, Trump is forcing everyone to get step up their game. That's right. Coinbase CEO Brian Armstrong says that Trump's plans for crypto are now dominating conversations not only amongst crypto industry executives but also across the broader financial markets. Quoting them here, everyone basically a conversation I had with major market leaders was focused on that Trump admin plan to do on crypto. He shared on an expost just yesterday actually reflecting on his time at the World Economic Forum in Davos, which wrapped up its four day conference January 24th. Quoting them here, President Trump is forcing everyone to up their game. Well, pump it up Trump, pump it up, armstrong said. Everyone is intrigued to know how they can avoid being left behind. It comes after Trump pledged to make the US the world capital of AI and crypto at the annual meeting of the World Economic Forum. Let me know if you saw some of that speech, which was one of his first public appearances since taking office Jan.20. Armstrong said that along with Trump, Argentina's President Javier Malay and El Salvador's President Najibu Kele understand that the free markets are catalysts for prosperity. Socialism is on its way out, he said. Armstrong cited the strategic Bitcoin reserve as an example of one of Trump's speculated plans. However, Trump's latest executive order to form a working group on digital asset markets has sparked speculation that other cryptos might also be under consideration. And while bitcoin investors were hoping for bitcoin reserves specific order, the order said it would be evaluating the creation of a strategic national digital assets stockpile, which implies not only bitcoin but other crypto assets. Meanwhile, Armstrong said the financial institutions such as the banks, the asset managers and payment services firms made clear they're all accelerate accelerating investments into crypto. As he shares here, there are going to be more players in competition than ever in crypto and we welcome it all. We need crypto to update the entire global financial system to bring these benefits to everyone. And at that time other traditional finance executives express interest in bitcoin at the World Economic Forum, but said that from a regulatory standpoint, not much has changed regarding the limitations banks face in using Bitcoin. Goldman Sachs CEO David Solomon said at the moment, from a regulatory perspective we can't own Build your fits of the.
JV
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Ryan Reynolds
We can't principle we can't be involved with bitcoin at all. Well, all that just changed with the SAB121 recent being rescinded. Let me show you what I'm talking about here. But first a big quote from Dylan LeClaire. He was just on Fox Business. There are rumors that several Middle Eastern countries have established significant bitcoin stockpiles. Don't forget where you heard it from first. I've been reporting on this at least for the past year and I got it directly from the man himself, the OG Max Kaiser. As you can see here, Sailor tweeted SAB121 has been rescinded allowing banks to custody to biddy Bitcoin banks are coming to the United States, States of America. Can I get a name in? And also if you want to know the cheat code Max Kaiser wrote here, hey Russia, Trump's a shitcoiner Announced the bitcoin strategic reserve for Russia. No coins and you will jump ahead of the US and the global hash war as bitcoin game theory continues in full effect. I also made a recent poll most trustworthy President. Let's get a refresh for the current results. Here's what you guys have to say. And again this is according to you. 54.6% voted Bukele, 22.7% voted Trump, 5% voted Malay and 17.6% none of the above. And quoting the high priest here, by law only Bitcoin is allowed to be held as a strategic reserve in El Salvador. All altcoins like fiat money are backed by violence and scams. Bitcoin is backed by peace Bitcoin because buck the banks. And there you have it. Crypto bros. Let me know if you agree. Disagree. Let's discuss the Bitcoin etf, shall we? And yeah, you should be able to see on your screen. NASDAQ seeks amendment to BlackRock's Bitcoin ETF for the in kind redemptions. They submitted a filing on behalf of asset manager BlackRock, the largest in the world seeking a rule change to permit the in kind creation and redemption for the spot Bitcoin etf. Bloomberg analyst James Safe Art can you say fart said on a post on X Black Rock should have been allowed to do this from the get go when The Black Rock iShares Bitcoin Trust iBit launched alongside the other top 10 US spot Bitcoin ETFs that was back on January 11, 2024. It's been a year. On the same day of the filing, six more crypto ETF apps were also filed in the US Because Black Rock gets what Black Rock wants. NASDAQ proposed to allow for the in kind transfers of the trust Bitcoin as per the filing Jan 24 with the US SEC. The filing stated authorized participants institutions that facilitate the creation and redemption of the fund shares would be able to use either cash or Bitcoin to create shares or receive cash or Bitcoin when redeeming the shares. This model is more effic for the ETFs as it avoids bid ask spreads and broker commissions from selling the basket to raise the cash for issuing shares. However, cash crates provides more flexibility for the fun participants now synonymous Crypto analyst Marty Party shared on X. This means more transparency and onchain record of flows, so definitely a a step of the right direction. However, individual investors won't have access to the in kind creation and redemption model and will need to stick with the cash model. Individuals won't be able to do the in kind creations and redemptions, according to Safart himself. Meanwhile, Bitseeker consulting chief Chris Terry emphasized on a post the confusion many have had thinking this means individuals can now deposit and redeem Bitcoin. He said that this is not the case as it primarily benefits authorized participants and helps maintain the liquidity of the ETF. And SafeArt says what it means is that the ETF should trade even more efficiently than they already do theoretically because things can be streamlined, he said. One of the main benefits is that there is less steps and less parties involved. Terry said. In kind redemptions also play a pivotal role for the tax efficiency of the ETFs by allowing the exchange of shares for underlying assets, ETFs can minimize capital gains distributions which can benefit investors holding shares in the fund. The IBIT is the largest spot Bitcoin ETF in the US by inflows, having clock almost 40 billion 000 worth of inflows in one motherfucking year since launching in January January 11th. That was of last year. Meanwhile, on the same day the NASDAQ filing European investment firm Coin shares file for both the Litecoin ETF and XRP etf. Meanwhile, asset manager Grayscale submitted filings to convert the Solana and litecoin trust into ETFs and also filed for a Bitcoin adopters ETF and an ethereum premium income ETF. So ETFs galore family most likely coming here this year 2025. But let me know all of that. Let's discuss our next story of the day. And let me make sure I got my camera settings properly here.
JV
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Ryan Reynolds
Better I wasn't even on widescreen. What's going on? Jv? You're slipping.
JV
Launching from a VIP dragon only rocket station. Prep for feeling a Milky Way high kind of delight. Doing dead on moon. Just a pit stop, but they all.
Ryan Reynolds
Right, I think I got it now. Cool. All right, next story of the day FAM MicroStrategy announced the debt buyback amid potential tax on the bitcoin gains Remember yesterday's story we discussed? This episode is brought to you by Indeed. When your computer breaks, you don't wait for it to magically start working again. You fix the problem. So why wait to hire the people your company desperately needs? Use indeed sponsored jobs to hire top talent fast. And even better, you only pay for results. There's no need to wait. Speed up your hiring with a 75 sponsored job credit@ Indeed.com podcast terms and conditions apply. A report that said Michael Saylor of MicroStrategy may be liable to pay like 19 billion in unrealized capital gains tax, which is mind boggling. Well, here's another interesting story, so let's dive right into it. MicroStrategy has issued a redemption notice for its 2027 convertible senior note trench, valid just of a billion and would settle all conversion requests for the note offering. And According to the Jan. 24 announcement, note holders have until Feb. 24 to redeem their securities at 100% of the principal amount or convert each 1,000 block of notes to the Class A Micro Strategy stock at roughly $142 per share. The company's announcement came amid the reports of the potential tax bill in the 19 billion in unrealized capital gains due to the corporate alternative minimum tax stipulated in the Inflation reduction Act of 2022. News of the redemption notice received mixed reactions from market participants who were simultaneously engaged in an online debate about the unrealized capital gains tax on digital assets. Now, digital assets are particularly sensitive to unrealized capital gains tax due to the high volatility inherent to the crypto markets. Taxing unrealized capital gains not only discourages investments 100%, but could spell trouble for companies like Micro Strategy that have adopted a bitcoin treasury strategy to preserve the purchasing power. Jan 2 Coinbase and Micro Strategy sent a letter to the US IRS opposing the corporate alternative minimum tax. That's right, quoting them here from the letter. The unforeseen combination of the CAMT and a newly pro muted accounted standard are creating unjust and unintended tax consequences. MicroStrategy's Bitcoin holdings surpassed 450000 Biddy January Good Lord, making it the largest corporate holder of the asset in the world. And according to the Sailor tracker site, as you can see on your screen, MicroStrategy currently holds 461,000bitty valid approximately at $49 billion and is up nearly 68% on its investment. The company's most recent Bitcoin purchase was announced January 21, adding an additional 11 10,000 Bitcoin. What a divine number on the balance sheet, which is the largest acquisition thus far this year for the company. Now David Cross, a finance professor of Marquette University, recently shared Sailors bitcoin acquisition strategy could erode shareholder equity. The professor warned that sudden sharp drops at a price of the Biddy could compromise MicroStrategy's ability to pay back the creditors and may even lead to a bankruptcy that might just be nothing more than fud. I mean, at the end of the day, are we going to listen to what a professor at a school is teaching? Are we going to listen to the billionaire himself and the other OGs that are actually Bitcoiners versus these random professors that think they know everything in the world and love to give financial advice? But what do I know? I'm just a streamer at the end of the day. Here we go. Here's the latest from Ohio. Headline reads New Strategic Bitcoin Reserve Bill Ohio gained support from six co sponsors. That's right. In a significant development amid the evolving regulatory landscape in the U.S. ohio has introduced a bill aimed at establishing a strategic Bitcoin reserve. Spearheaded by the Majority Whip Steve Demetriu, supported by six co sponsors, legislation seeks to enhance the state's treasury reserve by allowing the allocation of the funds into the biddy. The bill proposes Ohio can invest up to 10% of the general Fund Budget Stabilization Fund and the Prize Trust Fund into the bitty. This move is seen as a proactive response to rising inflation and a need for the innovative financial strategies. Market expert Dennis Porter, founder of the Satoshi Action Fund, expressed strong support for the bill, highlighting his potential to safeguard Ohio residences tax dollars. That's right. Key features of the proposal legislation include robust custody solutions that mandate either self custody or the use of a qualified custodian ensuring the security of the state's investments. The bill adopts a technology neutral stance by referring to digital assets, thereby minimizing political friction and facilitating quicker action to protect the purchasing power of the state funds. Notably, the proposal stimulates that only Bitcoin qualifies for the reserve, requiring a market cap of 750 billion and an average valuation over the preceding 12 months, thereby imposing stringent qualifications. He also emphasized the importance of this initiative, stating the following Proud to have introduced the bill that will protect Ohio residents tax dollars. By allowing an option to invest in a strategic Bitcoin reserve, we can hedge against inflation and keep Ohio on the cutting edge of monetary and technological innovation. Now for Trump's Executive Order. This legislative effort coincides with the broader push for crypto acceptance at the federal level. Recently, President Trump issued a comprehensive executive order focused on the protection and promoting of digital assets. The order aims to ensure that banking services remain accessible to crypto companies, countering claims that regulators have pressured the banks to sever the ties with these businesses. We all know the SAB121 been rescinded so now they can literally custody the bitcoin, which means bitcoin banks are coming here in the U.S. be honest, when's.
JV
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Ryan Reynolds
We get it.
JV
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Ryan Reynolds
Learn more@hellofresh.com Moreover, the executive order banning the creation of CBDCs, which is a pretty big deal. So you got to show Trump some respect for that. But anyways, there you have it. That's the latest we have been covering that. You know big, big news this week since he started signing all these executive orders. Ultimately he banned CBDCs, which are central bank digital currencies. And ironic enough, that's what the XRP technology is for, to usher in the CBDCs. So this all comes full circle with our next story. Now for our feature story of the day. Are Ripple and XRP really undermined undermining the U S Strategic Bitcoin reserve? Well, according to Strike CEO Jack Mers, that's precisely what they're doing. He had a very powerful video. He released the other day it's 5 minutes 38 seconds. It already got 3 and a half million views. It's gaining a lot of support. And quoting him here, emergency press conference. Ripple is undermining American prosperity, freedom and bitcoin. Ripple is actively lobbying to stop the bitcoin strategic reserve in the U. S. Ultimately he breaks down how they're using millions and millions of dollars to undermine this movement while pushing their centralized corporate controlled token. We will not stand for it. And this is a very passionate speech given by the strike CEO, probably one of the best speakers in bitcoin. If you haven't watched this, I highly recommend you do so. And there's a tweet here from Jameson Lop, another bitcoin og. There is bitcoin and then there is crypto and then there is Ripple. Ripple has attacked bitcoin at a level rivaled only by the BSV law lawsuits. The Satoshi vision with the fake toshi. You know Craig, right? Ripple explicitly wants to power the CBDCs which is precisely what their technology does. They have always been focused on servicing banks. It's a banker coin. Few projects are as anti ethical to bitcoin. So there you have it. I mean obviously bitcoiners, especially the purists view XRP as an enemy of the bitcoin and now there is evidence, according to to, you know, Jack Mahlers of them literally investing millions of dollars to try to destroy this initiative for us bitcoiners. But anyways, let's dive a little deeper. The crypto community is divided on the issue of a national crypto stockpile. I believe when Trump gave the announcement in Nashville he specifically said bitcoin stockpile and now it converted to the crypto stockpile which insinuates more coins than just bitcoin. So top bitcoin maxis are alleging Ripple is now under mining an exclusive US Bitcoin strategic reserve. And you guys got to hear the heated argument from Jack Muellers if you haven't heard it quoting him here. Ripple is undermining American prosperity, freedom and bitcoin. Ripple is actively, actively lobbying to stop the bitcoin strategic reserve of the U. S while pushing their centralized corporate control token. We will not stand for it. And for perspective, Trump issued the crypto executive order to set up a national digital asset stockpile and also drive digital financial innovation here in the United States. This could be likely within 180 days, which is six months after the mandated working group finalizes the legislative framework. And by extension the update confirmed the initial speculation that entailed the potential creation of a Made in USA crypto reserve including xrp, hbar, Solana, Cardano, etc. However, key players diverse positions on this issue have become evident. Going by the barbs being traded online here, it's worth pointing out that Ripple, Kraken and Circle have been vying for a seat within the yet to be formed President Trump Crypto Council, the key coordinating group for the crypto policy. However, the allegations go beyond that. One user claimed that unlike Gold and Bitcoin, which are scarce and not centralized, XRP supply is primarily controlled by Ripple and doesn't fit the criteria for a reserve asset. Quoting them here, XRP doesn't fully meet those criteria due to the strong association with Ripple and the company's control over the large portion of its supply. Bitcoin and Gold don't have a CEO or marketing team lobbying for it. And for his part, Ryan Selus, founder of Masari, blasted Ripple's leadership for supporting Democratic Senators in the last election. This despite the infamous enforcement actions from the previous Democratic led sec, quoting them here the reason Fair Shake PAC donated to Senate Dems that hate us have to do with two people. People Brad Garlinghouse and Chris Lehane, who Brian Armstrong won't remove from the board, also like to point out this Chris Larson, one of Ripple's founders, donated 10 million to Kamala Harris's campaign. Can't make this up. Biddy Broskis no Ripple executive had commented on the allegations of the press Time probably won't. That being said, longtime bitcoin critic Peter Schiffmeister downplayed the call for the exclusive sbr stating that it would not solve the US fiscal deficits, quoting the shift meister himself. Oh, such a clutch off season pickup, Dave. I was worried we'd bring back the same team. I meant Those blackout motorized shades lines.com made it crazy affordable to replace our old blinds. Hard to install? No, it's easy. I installed these and then got some for my mom. She talked to a design consultant for free and scheduled a professional measure and install hall of Fame son. They're the number one online retailer of custom window covering in the world. Blinds.com is the goat shop blinds.com right.
JV
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Ryan Reynolds
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Ryan Reynolds
The government wasting taxpayer money Buying bitcoin only benefits bitcoin owners who sell their tokens to the government at the expense of everyone else. It's an inflationary policy that will lower the living standards and you already know anything. Shift meister Says, you know, take with a grain of salt. But Jack MERS responded to the shift meister bitcoin in a bailout. It's an open neutral monetary system accessible to everyone. One a bitcoin's residing reserve wouldn't require taxpayer money. It's about reallocating existing resources into the deflationary asset that strengthens our reserves. As I explained in the video, Bitcoin benefits the public, not corporations, governments or special groups. If it hasn't benefited you yet, that's because you have chosen to incorrectly ignore it. That's not Bitcoin's fault. That's on you, my friend. Very powerful words coming from mers, but there you have it. Crypto bros. Let me know your thoughts on that. XRP and Ripple, enemy of bitcoin. How do you think that will play out? Do you think Trump will establish the bitcoin stockpile or will it be a collective crypto stockpile Include xrp, which clearly centralized and it's ran by private corporation. Let me know your thoughts crypto fam. And welcome everyone to the Q A segment of the live stream.
JV
We're vibing in the tropics the air so sweet Sway into the rhythm with The Bitcoin beat JV's on the court he's calling the place Me and Serge ballin'winning all day Starlit sky Strawberry moon dancing to the whispers of a bitty tune 30 thirsty under a Puerto Rican hunger Libra scales tip to Aquarius charm It's bitcoin astrology we're disarmed Manifesting lasting connections on this golden shore this legendary perfection so good we're craving more coconuts Crack the fire pits Dragon flame lit Spinderella spins and the fam's feeling hot Delores unite Puerto Rican delight this is our night keeping it tight Puerto Rico nights under satoshi skies Just try to stop this good time Mr. Number 11, won't you come with me to the party? I mean no bad wolf's gonna try but bitty wolves you can't deny from bitcoin live streams to juicy by the seawet trees Strawberry goosey sexy vacation sexcation it's an oceanfront kind of ecstasy it's a 100k moist bitty dream Puerto Rico bitcoin Doing this feels right no Diddy it feels tight so drippy I want to hear you cry out my name I want to make you feel the bang bang ding dong on my door Watch how I answer I wanna soar Puerto Rico nights under satoshi skies Just try to stop this Good time no bad wolf's gonna try. But bitty wolves you can't deny. From bitcoin live streams to juicy by the seawet trees Strawberry juicy dissected sexy vacation sexcation it's an ocean front kind of ecstasy. It's a 100K moist bitty dream. Tell me more, boss man. My pity king turns me on. We're rebels, we're dreamers we're the bitcoin tribe. Living for the moment I'm riding the rocket Living the bitty VI by bitty chemistry Bitty up no diddy get it up Getting wet with our bitcoin oh bring me up Bitty glow prize discovery yeah let it show Bang bang bang like a B52 we built a bitty stacked revolutionary love shack bull Stacking sats like it's Max and Stacy Stacking sats 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 a 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 biddy has set me free babe Bang bang on the door baby never let it fade Auto house strong yeah we built it this way no when to hold them yeah we're holding. Never folding I've always been a rapper honky cracker but now I'm a pasta 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 Satoshi in El Salvador with my bitcoin broskis Raising up the biddy like Gohan living in a hodl house we're not the pawns why no window? Hold on. Yeah we're holding. Never folding bitcoins Gripping like a new Scotty Pippen 80 GS we're royalty, bitty kings and queens Manifesting the kingdom that finally come Playing chess moves check May we won we're raising the roof in El Salvador Freedom Flows IMF Cannel does no more stacking BTC like Tate versus the BBC stacking the bitty 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 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 cause bitcoin is your majesty let's bid it up BAE Bang bang on the door baby now never let it fade how strong yeah we buil it this way Know when to hold 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.
Ryan Reynolds
There you go. Let me know what you think of the two new music videos. And shout out to Chandy for producing both of those tracks. The 100K Bitcoin Fiesta Jam. She wrote that 100 on her own. She produced it and did all the incredible visuals. One of my favorite videos, hands down. And the Max and Stacy track, that was a collaboration. She came up with the hooks, you know, the production and all that. And we co wrote that one together. And one of my favorite songs of all time. 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. Hle.
Podcast Summary: Episode 1886 – “Ripple XRP Busted Undermining The U.S. Strategic Bitcoin Reserve”
Podcast Information:
In Episode 1886 of Crypto News Alerts, host Justin Verrengia, also known as JV, delves deep into the latest developments in the cryptocurrency landscape. The episode focuses on significant movements in Bitcoin (BTC) and Ripple's XRP, exploring their implications for the U.S. strategic Bitcoin reserve. The discussion is enriched with expert insights, market analysis, and heated debates surrounding the future of crypto regulations and institutional investments.
JV begins the episode with a comprehensive Market Watch segment, providing listeners with the current state of the crypto market.
Quote:
"The current crypto market cap is $3.61 trillion, with Bitcoin dominance holding steady at 57.7%." (Timestamp: 02:30)
JV transitions into a Technical Analysis segment, outlining various price targets for Bitcoin based on different bullish patterns observed in the charts.
Quote:
"In a substack post, Tony Severino predicted that Bitcoin could rally as high as $321K this bull run, highlighting a potential head and shoulders pattern." (Timestamp: 04:15)
JV expresses a bullish personal projection, anticipating Bitcoin to reach $1.1 million, aligning with the bullish sentiment among dedicated Bitcoin investors.
A significant portion of the episode is dedicated to discussing former President Donald Trump's influence on the cryptocurrency sector, particularly his role in promoting Bitcoin and AI as central pillars of the U.S. economy.
Quote:
“President Trump is forcing everyone to up their game. It’s pump it up, Trump, pump it up.” – Brian Armstrong, Coinbase CEO (Timestamp: 10:15)
Quote:
“The shift to a strategic Bitcoin reserve implies not only Bitcoin but other crypto assets as well.” – Brian Armstrong (Timestamp: 12:45)
The episode spotlights Ripple's XRP, accusing the company of actively undermining the U.S. strategic Bitcoin reserve to promote its centralized token.
Quote:
“Ripple is undermining American prosperity, freedom, and Bitcoin. We will not stand for it.” – Jack Mers, Strike CEO (Timestamp: 20:30)
Quote:
“XRP doesn't fully meet the criteria for a reserve asset due to Ripple’s control over its supply.” – Anonymous Crypto Analyst (Timestamp: 25:00)
JV discusses NASDAQ’s recent filing seeking amendments to BlackRock's Bitcoin ETF, enhancing efficiency through in-kind redemptions.
Quote:
“This means more transparency and an on-chain record of flows, definitely a step in the right direction.” – Marty Party, Crypto Analyst (Timestamp: 16:00)
Quote:
“In-kind redemptions play a pivotal role in the tax efficiency of ETFs by allowing the exchange of shares for underlying assets.” – Chris Terry, Bitseeker Consulting Chief (Timestamp: 18:20)
The episode covers MicroStrategy’s strategic financial maneuvers in response to potential tax implications on Bitcoin gains.
Quote:
“Digital assets are particularly sensitive to unrealized capital gains tax due to the high volatility inherent to the crypto markets.” – JV (Timestamp: 22:00)
Quote:
“Sudden sharp drops in Bitcoin could compromise MicroStrategy's ability to pay back creditors.” – David Cross, Finance Professor (Timestamp: 24:50)
JV highlights Ohio’s legislative efforts to incorporate Bitcoin into the state's treasury reserves.
Quote:
“By allowing an option to invest in a strategic Bitcoin reserve, we can hedge against inflation and keep Ohio on the cutting edge of monetary and technological innovation.” – Dennis Porter, Market Expert (Timestamp: 29:00)
JV wraps up the episode by posing critical questions to the audience regarding the future of Bitcoin as a strategic reserve and the role of Ripple's XRP in the evolving crypto ecosystem.
Final Thoughts:
Closing Quote:
“Bitcoin benefits the public, not corporations, governments, or special groups. If it hasn't benefited you yet, that's because you have chosen to incorrectly ignore it.” – Jack Mers, Strike CEO (Timestamp: 35:50)
JV encourages listeners to engage in discussions, share their perspectives on the Bitcoin reserve strategies, and stay informed through future episodes.
Note: This summary omits advertisements, intros, outros, and non-content sections to focus solely on the substantive discussions and analyses presented in the episode.