
Former Binance CEO CZ Suggests Bitcoin Might End Up Reaching $10,000,000 per BTC.
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Dave
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JV
Welcome crypto fam to no. 1 Daily Bitcoin Pod. In today's show I'll be sharing the latest technical analysis. Also, Senator Lummis is quoted saying, the strateg Bitcoin reserve is the only tool I see that can help people in my generation right the wrongs that we did to the younger generations and generations to follow with respect to our debt and fiscal mismanagement. And quoting the High Priest Bitcoin Max Geyser Bitcoin is on its own unstoppable vector. It is self aware and was sent by God to unfuck our money. Bitcoin country is a self sovereign state of mind. Preach. We'll also be discussing state stablecoin market cap surpasses 200 billion as USDC dominance rises. But there's only one king of the stable coins that's USDT Tether. Just saying. We'll also be discussing network states will one day compete with the nation states according to this web three executive. They also say the United States is following the El Salvador playbook. Bitcoin country Bukele nomics will also be discussing analyst as Bitcoin long term huddlers are 70% done offloading the crypto asset outlining the bitcoin path to 175G's bab also be discussing a very bullish target from the former Binance CEO cz projecting Bitcoin reaching 10 million. And to back it up I got some Bonus Michael Sailor $10 million Price predictions to go along with it. 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 chann channel@crypto news alerts.net again that's crypto news alerts.net today is pod episode number 1800 and 93. I'm your host, JV. It's another sat stack in Saturday, February 1st, 2025, and we had a nice monthly close for the first time above a hundred thousand dollars. In fact, we closed above 102. Definitely a bullish indicator. Not too far away from price discovery, which is currently sitting at109.3. But without further ado, but let's kick it off with our market watch as we do each and every day. You should be able to see Coin360 pulled up on your screen. No, I do not want to try the new beta. I hate when websites offer you want to see the new design. 9 out of 10 times I do not. And it usually sucks. And I'm so used to what I'm accustomed to, I don't want to ever change it. So if you don't know now you know coin360. But let me know fam, if you guys can see my screen. Right now we have everything ultimately correcting and in the red but barely pulling back Bitcoin coin maintaining above 1014. At the time of the live stream, we have ether down 4%, XRP down 3%, back under $3. And as I mentioned, the majority of the market correcting. Checking out coinmarketcap.com the current crypto market cap sits at $3.44 trillion. The Bitcoin market cap back on top above 2 trillion. And we have roughly 90 billion worth of volume for the past 24 hours. And the bitcoin dominance which has been on the climb is currently 58.3% dominance at 11.1%. Checking out Tat1:Hundo crypto gainers past 24 hours. Nothing. Everything is correcting and in the red. I mean stable coins don't count. We can't count that. If they're up, you know,.0001 of a, you know, fraction of a penny, who cares? But nonetheless, checking out the crypto bubbles, we get a visual perspective on the day. So you can see overall virtually everything in the red today. Unfortunately, zooming out for the monthly, very similar story. Maybe 10 out coins even in the green. And checking out the infamous crypto greed infer index today we're back down to a 68. Greed. Yesterday we entered extreme greed. Had a correction here today. Yesterday was 76, last week of 75 and last month of 70. And checking out the time chain calendar, you can see there's 168,174 blocks to the next haven. We're currently on block number 881,826 and you can currently exchange one fiat monopoly dollar for 987 sats. So stack the stats, put down the gats, and pick up some bitcoin caps from my boy Sergio over@bitcoin caps.net the one and only. The greatest caps in the entire planet. The best quality, the greatest embroidery. Yeah, I mean, and the greatest service. And the greatest individual. He's Salvadorian. I mean, hook it up. Order a dozen. This is my favorite cap I'm actually rocking today. This is the one I rocked at the Max and Stacy invitational. And they are available on the website at a great price. Highly recommend it if you like the camo design. And of course we got some custom crypto news alerts caps which may or may not be given away as gifts at the party. I don't want to let the cat out of the bag, but use your imagination and shout out, Sergio, we greatly appreciate you.
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JV
Broski, let's do Today's technical analysis aka astrology for the BroSkis. Let's start with Plan B's recent tweet. Bitcoin January closing price 102412 new monthly close all time high and the first monthly close of all time above $100,000. Just in time for the 100k Fiesta in 7 days being hosted here in Puerto Rico. Oceanfront Bitty Vibes. I'm looking forward to meeting the fam here but yeah, very exciting times. But let's get into the ta and I'll pull up some of the live charts here in a sec. Bitcoin has made history after bitcoin achieved its first six digit monthly close of all time and we were like at 105, 106 floating in between. But then we started dip in right before the close. But we maintain 102 so I cannot complain. Trading View confirmed that January 31st Bitcoin closed its latest monthly candle at 1024. According to Bitan. The move came despite the last minute bitcoin price drop due to the macroeconomic volatility that gave The Bulls their first close above 100G's baby wrist assets tumbled during the Wall street trading session after the U S President Trump confirmed that the tariffs on Canada, Mexico and China would come into existence today February 1st. Take that China. And after initially rising the US stocks ended the day down while sentiment suffered per data from the traditional and crypto based Crypto Greed and Fear Index which I just shared with you down on the day now every 1% correction, panic and crash forecast is not characteristics of a market top in my opinion. According to Asco Kabar. He says a market top is accompanied by euphoria, disbelief and even a short term correction. The analyst and entrepreneur Maau Van A Pop another analyst equally confident in the longer term picture quitting him here. I shouldn't worry about this news. Ultimately it will lead to the higher crypto prices anyways. Precisely. And I already shared with you Plan B's post confirming the 102412 new highest close for the month we have ever had since the inception of the Genesis block. And in the headlines I also want to share with you here you should be able to see quoting Cynthia Lummis the strategic Bitcoin reserve is the only tool I see that can help people in my generation right the wrongs that we did to the younger generations and generations to follow with respect to our debt and fiscal mismanagement, ultimately saying they done us over. The only way to right your wrongs is adopt the Bitcoin strategic reserve. So Trump if you're listening you know the right thing to do. It's all on you brother. No pressure. Just saying and quoting the High Priest of the biddy Max Geyser self custody Bitcoin also multi sig is a viable option. I like House of Bitcoin and Unchained and Chill. Bitcoin is on its own unstoppable vector. It is self aware and was sent by God to un our money. Bitcoin country is a self sovereign state of mind. The High Priest has spoken. The Bishop of Bitcoin. He also says the Bitcoin dream we're all sovereign individuals. Bitcoin country is a self sovereign state of mind and anyone can live there. Bitcoin is God. Amen. And yeah very powerful words right there. I'm going to be pulling up some of the live charts and we'll do a quick little ta session for the Brosis as we do each and every day. And let me know if you guys agree with Cynthia Lummis, Max Geyser and some of the latest ta. And where do you think the bitcoin price action the Biddy is likely to take us next? Holla at your boy. Don't be a stranger. And you should be able to see some of the live charts now on your screen. This is the one hour. We do have a rising wedge formation, a blue target, very bullish, sitting above 126 G's. When do you think we hit 126? Holla. And zooming out from the one hour. Check out the four hour. Do we still have the 130,000 target in play? Absol freaking lutely sitting in the orange Angels in the orange. Where yet? 130 GS in play. The million dollar question. When? Which day? Holla. Let me know. Read those comments out loud. And checking out the one day rising wedgie, the only wedgie I approve of. And zooming out. As you can see we are having a corrective candle on the day but nonetheless checking out for the weekly candle. We still have the sexy cup and handle target sitting pretty right there. We do have a little itty bitty red candle close which we had or actually I'm sorry, I apologize. Tomorrow' the close for the week. We just had the close for the month. Can't get that confused. But you can see the bullish momentum since Trump's inauguration. That was what, January 20th. We've been pumping in fact actually since the news of Trump winning is when we actually began this big ascension up north. The all time highs. And it was on Inauguration Day we hit the current all time high which is where Price Discovery is sitting at 1093 and checking out the monthly survey says it's going up forever, Laura. And as you can see, we're forming another green candle here. I mean, well we, I should say we had a green candle close for the month of January. Is that itty bitty green? And it only looks itty bitty because in November we had the biggest green candle we've ever had. And in between is the itty bitty red corrective. And shout out to the bitty kitty.
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JV
You know, show the bitty kitty some love and yeah, let me know where you feel the price action will likely to take us next and I'll read your comments out loud and welcome everyone to the live stream. So yeah, headline here reads Stablecoin market cap surpasses 200 billion. Not a fan of USDC, obviously. I'm a USDT guy. I believe USDC is the chosen stablecoin of the establishment which I don't support. I support Tether USDT as all the true Bitcoin OGs do and I just like to make that loud and clear. Roger that. The stablecoin market cap reached a record high following the period of consistent growth since mid 2023. According to the Al Ral, the data analysis platform reported Jan 31 that the stablecoin market cap rose 73% from 121 billion in August 2023 to reach an all time high of 211 billion while USDC has been gaining an edge over the other stable coins. Well there's a ton of other stable coins outside of Tether usdt, but I will say Tether USDT is the king just as Bitco the king. And for those that don't know over in Bitcoin country El Salvador, Bitcoin is a legal tender meaning it's a currency and Tether is a. What is it called registered security and any other cryptocurrency or stablecoin being promoted in El Salvador is considered an unregistered security and is illegal and will get your ass kicked out of bitcoin country. And if you don't know now, you know now. Analyzing the market capital, the other stables excluding tether USDT and USDC, the data reveals relatively average growth since 2024, suggesting USDT and USDC remain the two most preferred stable coins of the crypto market. While they have the largest market cap. So that's a given. The rest of the market has not grown significantly since 2023 maintaining stable average values. USDT a large stable coin by market cap recorded the all time high market cap of 140 billion December of 2023. Its market cap is now 139 billion January 31st with a market dominance of 63.8%. So the majority of the stable market is coming from Tether usdt. As USDC continues to gain momentum. You guys let me know which one do you prefer? What's your stable of choice? But nonetheless, let me know your stable coin of choice. A lot of people like to use stable coins in crypto to avoid like capital gains taxes and things of that Headline reads Network States will one day compete with Nation States. Well According to the Web3 executive and I know nothing about this guy, but here, here's the deal. Dr. Corey Petty sounds petty to me. The chief Inside officer of Logos, an initiative focused developing decentralized peer to peer infrastructure for the Network State, shared that network states will one day rival established countries and governance structures. I never even heard of a network state, so that's why it's interesting to me. Let's find out what this means. According to Petty, and I ain't talking Tom Petty, a blockchain technology provides individuals with three necessary components to establish self sovereign communities in cyberspace which include trustless ownership, enforceable legal structures and decentralized communication. The Executive added that the non locality of the network states gives the anti fragile properties an edge over the traditional nations like a double edged sword. Quoting them here because they are firmly seated in cyberspace in the digital realm, they're not necessarily subject to a lot of the burdens that a physical nation state has, like protecting its boundaries with the military so it can achieve a level of economic power on a global scale. So if I understand this right, it's like a virtual nation. Am I understanding this right? Family? Petty's ideas build on the earlier concepts, concepts introduced by John Barlow's Declaration of Independence in Cyberspace, an essay on the Internet freedom and venture capitalist Balaji's Network State exploring noble forms of societal organization. Next level Balaji, a former Coinbase executive, published the Network State how to Start a new country in 2022 which outlined how people can create decentralized countries. Let's start with the Bitcoin citadel. Let's go At a heart of Balaji's idea, it's immutable code through public permissionless blockchains provide the guardrails for the finance, governance and even direct on chain voting in elections. Ethereum, co founder of Vitalik, is also a vocal proponent of decentralized states and experimented with a pop city called Zazalu in 2023. You guys ever notice anything regarding Vitalik or Ethereum has the most unusual names you've ever heard. The experiment lasted for approximately three months and included 20 or sorry, 200 individuals gathered in Montana something that rhymes with egg roll and following the conclusion of the experiment Buterin said that issues related to governance still have to be solved before the network state survival. The question is will the government the. You know, I mean the lizard folk would they allow this? I don't know you guys let me know. Futurists also propose seasteading whatever that means creating self governing, self sovereign floating installations in an ocean that uses blockchain for governance. Again, whatever that means, I don't even know. However, there are currently no permanent seasteads. Proponents of the idea must overcome the technical challenges of using blockchain to run a society and the geopolitical pushback from the established countries precisely like will the forces of evil allow a self governing cyber country? That's my question for you guys. Let me know. I'm gonna read your comments out loud. Welcome everyone to the live stream. Let's keep it moving, shall we? The United States is following El Salvador's playbook according to this web 3 executive another web 3 executive how many are there? The United States is currently following the footsteps of El Salvador According to Michelle Crivelli founder of NextBridge digital asset firm specializing in real world asset tokenization. She stressed that the importance of an independent regulatory body for crypto reg and said the U S was taking the right steps with the newly commissioned working group on digital asset markets quoting or Here the U S is doing something that El Salvador did in 2021 they created a special commission to study how to implement a legal framework for crypto like El Salvador did with the national commission of digital assets. The next bridge founder added that smaller nations with less to lose like El Salvador will be the pioneers in which they are first movers Advantage respectable economics let's get it of global asset adoption eventually drawing in the larger players like the United States of America Once the trend come to the digital economy become too hard to ignore asset management dude. The one and only Pompliano voiced the same argument in November and specifically cited El Salvador and Bhutan's gradual accumulation of the biddy as a signal the global race for the biddy as well as underway and here you see Trump signing those executive orders family one of those executive orders was a ban of the CBDZ central bank digital currency El Salvador officially repealed his bitcoin legal tender law and part of a loan agreement that's a fud and I have to address this because it's such and every single time El Salvador is mentioned in the news not every single time but like 9 out of 10 times it's just FUD. They didn't change anything. It was always voluntary for businesses to accept bitcoin. They were never forced to any. And I know because I just got back from El Salvador and I know from firsthand experience because I paid for my papusas using the bitcoin lightning network. And some businesses don't accept it, others do. It's completely up to them what they choose to do. So every time we hear these headlines about El Salvador, it's just completely. They said they take this loan and Bukele is going to push back bitcoin adoption. They've been purchasing more bitcoin since they took the loan from the imf. And they've always had the opportunity to, you know, choose if they wanted to use bitcoin. No one was ever forced to only use bitcoin. Bitcoin is a legal tender. It's a currency. Yes, but so is the US dollar. And I know because I have first hand experience being there. So I just want to throw that FUD out the window. But they are stacking stats, which is a beautiful thing and they're continuing to accumulate. And I just want to say this. The IMF, the country recently acquired an additional 12 BTC valued at over 1.2 million and they're just north of 6051. Bitcoin. Also stablecoin issuer Tether recently announced relocating its headquarters to El Salvador. That's a blackjack. That's a victory due to the country's favorable regulatory environment. And did you know where I was staying at the. Where was I at the Sheraton El Presidente and the El Presidente district. That's where the Google headquarters is as well. Massive Google building. A lot of companies opening up shop in El Salvador because it's growing. It's bitcoin nation. It has the lowest homicide rate of all the countries I've ever seen in the world. I don't think just in the Americas now, but around the world. Less than 1 homicide thus far this year is unheard of. You can't say that in Chicago, you can't say that anywhere in the United States. So respect what Bukele is doing. Shout out to all the Salvadorans holding it down. They showed us so much love out there. There is only one bitcoin country, there's only one Bukele and there only ever be. United States will never be El Salvador. You can't compare the two. It's like comparing apples and oranges. I just want to throw that out there. Headline here reads Analyst says bitcoin long term huddlers are 70 done offloading the crypto asset outline in the bitcoin path to 175 GS. I see a spaceship. You see that spaceship? Are the aliens out to get our biddy? A closely followed crypto analyst says long term hotlers are nearly done selling off the biddy, setting up for a series of rallies and a new update. Invest answer Shout out Invest answers. He's one of the good guys in the space. I like him. 560, 000 YouTube subs he shared with Bitcoin could potentially increase more than 66% for the current value as those who have held their bitty for 155 days are or longer are about 70% done selling. Amid the decline of the selling pressure, he says that if Michael Sailors, Michael Strategy and the SP Coin ETF purchased an additional 82 million worth of the bitty combined with Bitcoin we get 175 GS per bitty. The question I had is what would it take? How much money would it take to get to 175,000? Well, if sailor spends another 40 billion and the test spent another 40 billion, call it 82 billion. The increase in Bitcoin's market cap will be based on the multiplier 1.34 trillion which would take the total Bitcoin market cap 3.44 trillion which divided by 19.7 million Bitcoin would be 175,000 per coin. Got the math. I still do believe that the American E test will do at least 40 billion and I think sailor would do at least 40 billion. So that is a coming and those are conservative numbers. Just these two players alone. If they continue to do what they did last year and the selling is at the same level of the selling we have right now, which I don't think they'll repeat, it'll be less because they're 70 done. I think it theoretically possible get to 175 GS per biddy. Let me know if you agree disagree with Invest answers and shout out to the man. Now for our feature story of the day. Former Binance CEO CZ suggests Bitcoin might end up reaching $10 million per coin. We will be discussing this and I have some bonus predictions from the Giga chat himself Mikey Sail and also some bonuses here from Plan B, creator of the Bitcoin stock to flow model. He recently just tweeted here. You should be able to see on your screen my dream scenario of monthly closes towards Stock to flow target of $500,000 average in 2024-2028. Of course not 100% correct. Although markets decided against a playful December to February pump and dump. February 150,000 still in play. So you heard it first and foremost, 150Gs for the this month of February. Send it, let's get it. And he's referring to some of the, you know, predictions that he made. And if you're not familiar with stock to flow, it ultimately projects bitcoin ranging from 250,000 to 1 million per coin between now and the next having of 2028 with an average of $500,000 per coin. And as you know, and as I shared earlier, bitcoin just had the highest monthly close since the inception of the Genesis block at $2,400 is our very first time closing above 100 GS which is pretty exciting. Now, CZ obviously is no stranger to the industry. There's an article here that says former Binance boss CZ suggests Bitcoin might end up reaching $1 million. And then I'm going to share with you a throwback of him projecting bitcoin could reach $10 million. And then as a bitty bonus, the gigachad why he believes bitcoin is going to 10 million per coin. So this is going to be quite exciting. But let's first start with the most recent from cz. This actually all stems from a tweet thread CZ wrote. Imagine being the last government to buy Please don't let that be the United States. Please Trump, please don't let that be the United States. And that was off the back of this tweet. Czech national bank governor will present a plan to buy bitcoin tomorrow. The plan got approved but just to keep it one hunt the plan is to enter entertain buying bitcoin. That plan got approved their goal. The governor of the central bank of the Czech Republic is proposing a proposal to purchase 7.3 or 7.2 or $7.3 billion worth of Bitcoin. The race to accumulate as much bitcoin as possible as began. And I covered this in the pod this week. This was pretty big news. So I'm not going to focus here but I just wanted to touch upon it. And then someone asked ass 1 million for one bitcoin laughing out loud as if it's never going to happen. Crazy, right? Maybe he's trying to say we should be 10 million, I don't know. But it's ironic. And they cz responded if they are lucky, depending upon how much other countries print money to buy bitcoin before them. So ultimately saying you may not even be able to buy $7 billion worth of Bitcoin. There's very limited amount even available on the exchanges right now, if you feel what I'm saying. And I also want to throw this throwback because this is actually a couple of years back, this throwback. And to me I like it because it was also featured on Binance, which we know is the largest bitcoin or crypto exchange in the world. And they reference a YouTube influencer. I don't know if you ever heard of this guy. His name is jv. I mean, who uses their own initials? What a weirdo. But this guy, JV recalls a CZ prediction that Bitcoin will reach $10 million. And they keep repeating this influencer name, JV, JV. Like every sentence, JV, JV. So it kind of got my interest, if you know what I'm saying. So I'm gonna read this to you. And of course this was on multiple sources, but it said, I'm just going to read it to you. JV, a crypto YouTube influencer, remembered CZ's prediction that Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on the tube where he analyzed various aspects of the bitcoin market development. Gentlemen, whoever this JV guy is, kind of seems like a big deal, don't he? JV, look back at CZ's Bitcoin prediction. JV and CZ Bitcoin's prediction while analyzing the Binance CEO's reason. Twitter Comments this was actually after CZ had a Q A session and I was actually intensively taking notes and I broke the news of the 10 million prediction before any article source was to share it. And that's why I got all the credit. And that's the beauty when you're in the trenches. Just FYI. Including Binance's reaction to the ongoing regulatory screening, he also spoke about the rise in interest in the institutional event. Yeah, this was before the blackrock etf. This is when they first made the proposals. This is like going back. Cz made the 10 million Bitcoin prediction back in 2021 following MicroStrategy's announcement of allocating the bitcoin for the corporate strategy. CZ bases analysis on the possibility of several corporate companies across the world allocating only 1% of their corporate treasury to bitcoin, which is extremely conservative, especially how far we've come through since then. Right. So according to CZ that can lead to a thousand x growth and just for some perspective a thousand x from like today's price of a hundred thousand. Correct me if I'm wrong, I think 10x is obviously 1 million. So is a hundredx. She's I'm trying to do the math in my head. I'm not so great at it but I think it 100x would be 10 million and is a th000x 100 million. Correct me if I'm wrong. I'm just assuming again I don't have a calculator in front of me so let me know when I read those comments here shortly. But it's a very advantageous prediction to go a thousand x from here because I I personally feel in my lifetime 100x Bitcoin I genuinely believe that thousandx we're going up forever. Laura JV, whoever this crazy kid is highlighted CZ's welcome to approach to institutional investment at the bitcoin ecosystem. CZ noted the advantages traditional finance Yep yep. And according to jv, whoever this weirdo is, JV ident or CZ identified the key factors driving the binance strategy for the next 18 cz if you're listening right now, let's link up and get an exclusive interview for my audience. If you're a fan of jv. I mean I'm a fan of cz. I've been promoting you and standing by your side for a long time. I know the you went through with the Department of Justice and the shakedown of 4.3 billion pretty up. I've had your back the entire time brother. Just saying they include the upcoming bitcoin having event and the growing interest in the institutional investment for the crypto industry country. You know to both factors would lead to binance bracing for the higher volumes but there you have it. I mean CZ did note that he believes bitcoin would thousand X from that time and from whenever the bitcoin price was in 2021. Clearly it wasn't a hundred thousand. We just hit that more recently but very advantageous price projection. Let me know if you agree or disagree. And as a bonus I want to read you the gigachads projection say learned in interviews and this is one of my favorite quotes by the way. Bitcoin offers economic immortality and will reach 10 million per bitcoin. How cool is that? Economic immortality. Humans have been searching for immortality for ages and to have economic immortality priceless. That's all I gotta say. And I'm gonna Get a little deeper. And this is according to Michael Saylor from an interview that is a throwback as well. Because bitcoin is just pure money. It's just as effective at a hundred thousand a coin as it is 10,000 a coin. @ a million a coin it's just at as effective at 10 million a coin is probably more compelling of 10 million a coin than a million or 100,000 a coin. It's kind of universally scalable asset that gets less risky. The only thing that's going to change my opinion is when it was super risky and scary below 10,000 you were again 100 to 200 a year annualized gains. And then it got a bit more understandable. Get it? He noticed bit more bitty. Between 10,000, 100,000 your gains of 40, 50 a year. And then at some point you go to 30%, 20% extreme. If everybody in the world understood bitcoin, it'd already be 20, 30, 40 of the wealth of the world. I genuinely believe that it would be 200 to 300 trillions of his dollars. That was ultimately when he made this prediction. The total addressable market and today the total addressable markets price 7, 800, 900 trillion. Just saying. And then the price would be appreciating at the rate of the global inflation of the fiat currency. So the gold inflation remain remains 7. I hear that Peter Schiffmeisser still remains a 7. And they would appreciate a little bit more, a little bit more for the little bitty and because of the productivity of the people to adopt the treasury reserve asset. And you already know the treasury reserve Bitcoin for the Treasury. RFK Jr proposed a million dollar bitcoin purchase over the course of five years and purchasing 400 of the Biddy per day. What are your thoughts? What do you think? 10 million per bitcoin. Is that child's play? Is that unrealistic? Is it inevitable? Is bitcoin truly economic immortality? A sailor projects. Let me know your thoughts. Bitty Broskis and Bitty Baddies. And welcome everyone to the Q A segment of the live stream. We're live and in the flesh. We're still live on X. We're still live on Rumble. We're still live on YouTube. We have 1600 folks. We're about to give 10 memberships. Are you guys ready? Let me know if you're ready and we'll give some freaking memberships. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode. Hodl.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode: 1893: “Bitcoin Might End Up Reaching $10,000,000 Per Coin” - CZ Binance
Host: Justin Verrengia
Release Date: February 1, 2025
In episode 1893 of "Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News," host JV Verrengia delves into several pivotal topics impacting the cryptocurrency landscape. The episode covers recent technical analyses, significant statements from key figures like Senator Cynthia Lummis and Binance CEO CZ, market trends in stablecoins, the emergence of network states, and bold price predictions for Bitcoin.
[00:49] JV begins with an overview of the current market conditions, highlighting a slight correction with Bitcoin maintaining above $101K. The overall crypto market cap stands at $3.44 trillion, with Bitcoin's dominance increasing to 58.3%. Key observations include:
Notable Quote:
“We closed above 102, definitely a bullish indicator.” — JV Verrengia [00:49]
[11:57] The stablecoin sector achieved a new milestone with the market cap exceeding $211 billion, marking a 73% increase since August 2023. USDC is gaining traction but USDT remains the dominant stablecoin, holding 63.8% market dominance.
Key Points:
Notable Quote:
“There’s only one king of the stable coins, that’s USDT Tether.” — JV Verrengia [11:57]
[11:57] JV explores the concept of network states, virtual communities that leverage blockchain technology to establish self-sovereign governance structures. Dr. Corey Petty, Chief Inside Officer of Logos, emphasizes that network states could rival traditional nation-states by offering trustless ownership, enforceable legal structures, and decentralized communication.
Key Points:
Notable Quote:
“Network states will one day rival established countries and governance structures.” — Dr. Corey Petty [11:57]
[11:57] The United States is reportedly adopting strategies similar to El Salvador regarding Bitcoin adoption. Michelle Crivelli from NextBridge highlights the establishment of regulatory bodies to facilitate crypto integration, mirroring El Salvador’s approach with its National Commission of Digital Assets.
Key Points:
Notable Quote:
“The United States is taking the right steps with the newly commissioned working group on digital asset markets.” — Michelle Crivelli [11:57]
[11:57] Analyst Invest Answers posits that approximately 70% of long-term Bitcoin holders have nearly completed offloading their assets, setting the stage for significant upward movement. With potential investments from key players like Michael Saylor and SP Coin ETF, Bitcoin could reach $175K per coin.
Key Points:
Notable Quote:
“Bitcoin could potentially increase more than 66% for the current value.” — Invest Answers [11:57]
[11:57] The episode highlights former Binance CEO CZ’s audacious prediction that Bitcoin might reach $10 million per coin. CZ bases this forecast on extensive institutional investments and the finite supply of Bitcoin available on exchanges.
Key Points:
Notable Quotes:
“Bitcoin offers economic immortality and will reach $10 million per Bitcoin.” — Michael Saylor [11:57]
“Imagine being the last government to buy. Please don’t let that be the United States.” — CZ Binance [11:57]
[05:50] JV transitions into a detailed technical analysis, noting Bitcoin's historical first monthly close above $100K and its implications for future price discovery. The analysis includes:
Notable Quote:
“Bitcoin has made history after attaining its first six-digit monthly close.” — JV Verrengia [05:50]
JV meticulously examines CZ’s vision for Bitcoin, tracing back to CZ’s 2021 prediction following corporate adoption by firms like MicroStrategy. CZ suggests that even a conservative 1% allocation of corporate treasuries to Bitcoin could result in a 1000x growth trajectory, potentially reaching $10 million per Bitcoin.
Key Points:
Notable Quote:
“Bitcoin is God. Amen. Bitcoin country is a self-sovereign state of mind.” — Max Geyser [05:50]
Throughout the episode, JV encourages listener interaction, inviting comments and questions on Bitcoin's future, stablecoin preferences, and the viability of network states. The live Q&A segment engages the audience, fostering a community-driven discussion around the day's topics.
Notable Quote:
“Let me know your thoughts. What do you think? $10 million per Bitcoin—Is that realistic or inevitable?” — JV Verrengia [11:57]
JV wraps up the episode by reiterating the bullish outlook for Bitcoin, supported by substantial institutional interest and innovative governance models like network states. He emphasizes the importance of staying informed through platforms like cryptonewsalerts.net and encourages listeners to continue “stackin' sats.”
Closing Quote:
“HODL!” — JV Verrengia [End of Episode]
Episode 1893 provides a comprehensive analysis of the current state and future prospects of Bitcoin and the broader cryptocurrency market. With influential voices like CZ Binance and Michael Saylor forecasting monumental growth, coupled with evolving governance structures and increasing institutional adoption, the outlook for Bitcoin remains exceptionally bullish. Listeners are encouraged to stay engaged, conduct their own research, and participate in the dynamic discussions shaping the future of crypto.
Stay Informed and HODL!
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