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1896: "Trumps Latest SWF Executive Order Means US Is Buying Bitcoin"
00:31:20
Wyoming Senator Cynthia Lummis suggested Donald Trump’s executive order creating a US sovereign wealth fund was a “big deal” for Bitcoin.
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- [00:00]
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JV
Welcome crypto fam to no. 1 daily Bitcoin pod Bitcoin is back in the green. We recaptured 102 just yesterday. After that $91,500 correction. God candle just like that. In today's show I'll be sharing the latest technical analysis as well as breaking news. President Trump's crypto czar to hold the press conference today on digital assets alongside Cynthia lummis. Also Ethereum tops 2900 as Eric Trump says it's a great time to add eth. Max Geiser responded to Eric Trump. You're promoting an unregistered security. Also be sharing the latest from Plan B, creator of the Bitcoin stock to flow model as well as Coinbase urging US Regulators to remove crypto banking barriers. Also breaking news, Semler scientific buys an additional 871 bitcoin for 88 a half million dollars. We'll also be discussing the absolute minimum of 270,000 price target coming for Bitcoin this year according to Plan B. Also breaking news US Senator Lummis. Hence Trump's latest executive order for the sovereign wealth fund means the US Is buying Bitcoin. Hence the emergency press conference here taking place. 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 cryptonewealerts.net again that's Crypto News alerts.net today is Pod episode number 1896. I'm your host JV. It's February 4th, 2025. Big news today. As I shared with you in the intro, President Trump's crypto to hold a press conference today on digital assets. And as you know just yesterday Trump signed the executive order for the sovereign wealth fund. So very exciting times. But anyways, let's kick this mofo off with our market watch as we do each and every day. You should be able to see Coin360 pulled up on your screen. We got bitcoin in the green yesterday. We recaptured 102 after tanking to 915 alt coins got wrecked like crazy. In fact XRP was down like 34 that night. Obviously it has recovered a lot since. It tapped like a $90. I saw Trump coin hit like 16 bucks. Ethereum was down tremendously. But today you know most of the market has bounced back as you can see. And checking out coin market cap.com the current crypto market cap sits at 3.26 trillion. Bitcoin market cap 1.968 trillion. We got 196 billion worth of volume in the past 24 hours. Bitcoin dominance this week has been back on the climb. Today we're still above 60.2%. The ether dominance is down to 10.4%. Checking out top 100 crypto gainers past 24 hours. Melania coin leading the pack. Interesting. Up 20 of the day. Melania, it has a 840 million dollar market cap, so approaching a billion. I'm pretty confident when it first launched it probably surpassed a billion and then it corrected and got wrecked like many, you know, launches go. But anyways it's currently trading at A$74. We have Jito up 5% and Monero up 5%. Let me know which alts if any you're bullish on. For the bull, holla at your boy. Checking out the crypto bubbles. Get a visual perspective on the day. It's a mixed bag. Half the market in the green, half to market in the red. Zooming out for the month, it's Rec city. Be careful with the coinery fam. I mean it is what it is. Only a handful in the green. And checking out the crypto greed and fair index today we're back in greed. Yesterday was down to a 44 in fear, last week of 72 and last month at 72 in greed. And checking out the time chain calendar, you currently exchange one fiat monopoly dollar for one six sats. We're currently on block number 82289 and we have 16711 blocks to go into the next heaven. So put down the gats, pick up some stats and pick up some bitcoin caps from my man Sergio. Bitcoin caps.net Get a custom fitted. Yeah, I mean just like yours truly. We got the Bukele nomics fitted caps and we have the snapback Bukele camo hats. All available on the website bitcoin caps.net but anyways welcome everyone. Let's now dive into today's Bitcoin technical analysis, AKA astrology for the broskis. Here it says Bitcoin risk correction below 90,000on U S China trade War concerns Bitcoin risks a deeper correction as fears of potential global trade war escalate following import taros announced by Trump and China's Ministry of Finance. The Ministry of Finance of the People's Republic of China announced a new import tariff of up to 15 on some of the U S imports effective this.
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JV
February 10 Six more days According to the official documents published, China's decision came in response to Trump's February 1 executive order imposing import tariffs on goods from China, Canada and Mexico. After a brief Recovery, Bitcoin fell below 100,000 mark. In fact we touched the bottom of 91 5. It was more like a flash crash and we recovered within 24 hours. Flipped it back in the green and yesterday during our stream we achieved 102,000. Today we're on the cusp of revisiting 100k at the time of the Live Now Bitget Research analyst Ryan Lee said China's tariff decision could introduce additional volatility to Bitcoin, quoting them here. Escalating tens in traditional markets, prompting investors to seek Bitcoin as a hedge against inflation and currency devaluation. However, a broader market sellof driven by economic uncertainty could also trigger short term corrections, potentially pushing the bitty below 90,000. Let me know if you think the bottom is in at the flash crash yesterday 9015 or do you think we'll revisit and potentially retest 90,000 as that analyst suggests? Now also quoting James Wo, founder of CEO of venture capital firm dfg. This might see a potential short term risk of wider corrections of 90 for Bitcoin and in the broader market including equities and commodities. So you let me know if you feel the bottom is in. Yay or nay. Also according to Lee, the key factor will be monetary policy if the Fed responds with lower interest rates to counterreact the economic stress, increased liquidity can provide momentum for the bitty price. So you guys let me know your thoughts. And in breaking news, as I shared with you earlier, President Trump's crypto czar to hold the press conference today on digital assets. And Cynthia Lummis did confirm this, actually reposted her tweet. And let me just show you the proof of work really quick. And again, shout out to anyone, everyone who commented or quoted the live stream. It's always greatly appreciated. Here's the post from Cynthia Lummus. Indeed, ultimately verifying Trump's crypto czar to host a press conference today about how the USA will lead in bitcoin and crypto. It's going to be a wild day. Let's go. And I'm about to pull up some of the live charts for you guys. We'll do a little chart action Jackson live and in the flesh as pretty little bitty continue to go up and yeah, give me a second and pull this up so you should be able to see live and on your screen. There's the one hour chart. Bullish pennant formation, very bullish. We also have a green bull target sitting all the way at a hundred and what is that? 111, 000. Bring it one, one one. Always advantageous. And zooming out from there we'll go to the. There's the two hour chart. I meant to go to the four hour. We'll go to the four hour chart. Very bullish here as well. We have a orange bitty target of130,000 in play on the four hour. Zooming out from the four hour. And this is via Coinbase, via Trading View, just FYI, the largest crypto exchange in the United States. You can see there's a rising wedge formation on the daily. Yesterday big green Campbell candle form. Today it's thus far red but it's kind of like at the break even point. We'll see how we do. And zooming out from the daily, we'll go to the weekly really quick. We still have the sexy cup and handle target on your screen sitting at 124 000. I personally feel we hit this most likely sometime in Q1, hopefully here in February. You guys let me know your thoughts. And zooming out. Take a quick look at the monthly and as you can see, big Godzilla November, most bullish bitcoin monthly candle we've ever had. It was a price appreciation of roughly 30, 000 on that month. December was an itty bitty red and of course January, we're back in the green and February is kicking off thus far in the red, but it is still early. It's like bottom of the first in in here fam. But there you go. Let me know where you feel pretty low bitty likely heading next and I'm going to read your comments out loud next. Story of the day. There's a lot in the news, so let's break it down next. Headline reads Ethereum tops 29 hundo as Eric Trump says, it's a great time to add eth. And let me show you what they're talking about. Eric Trump made this post 19 hours ago. In my opinion, it's a great time to add eth. High Priest of Bitcoin Max Kaiser reposted with you're promoting an unregistered security and let's see some of the comments in the thread. I think Ivanka is the only smart person in the Trump family. Trump is a crypto bro. Has anyone shown him the ETH BTC chart? Hilarious comments by the way. But anyways, let's just read this Ether rebounded to above 2900 after Trump placed a halt on tariffs aimed at Canada and Mexico, while his son Eric Trump told his 5.4 million followers it's a great time to add Heath, quoting him again. In my opinion, it's a great time to add eth. You can thank me later, wrote Eric Trump. However, he has since edited the post to remove those last five words, so he no longer wants us to thank him later. That's interesting, to say the least. Eric Trump's remarks came after the crypto market bloodbath across February 2nd and the third triggered by Trump his father's proposed tariffs, which included ether plummeting 16 in a single hour, hitting a local low of 2300. Good Lord. And ether had already recovered to around 2700 before Trump's post after his father agreed to put a temporary hold on proposed tariffs on Canada and Mexico. As negotiations with countries continue, Ether continue to rise to 2900, which is the local top here on the day before falling back to 28. Meanwhile, World Liberty Financial makes crypto moves. All this comes as the Trump families WLFI crypto platform recently transferred 307 million worth of assets to Coinbase custody platform yesterday February 3, according to blockchain firm Spot On Chain. WLL or WFL then unstaked nearly 20,000. Leo staked ether into ether and spent another 5 million worth of USD coin to purchase 1826 ether at 2700, and spot on Chain suggests that the funds would be used to support WLF's Earn and Borrow lending protocol, which isn't operational yet. And in January, the Ether foundation announced a series of organizational changes to more actively support developers and Ethereum's decentralized finance ecosystem. The foundation set aside 50,000 ether, which could be used to expand the foundation's treasury through staking rewards. H Ether's core developer Eric Connor, said the foundation staking rewards could cover most if not all of its internal budget, while easing some of the selling pressure that has upset the community and arguably contributed to the lackluster performance this bull cycle One thing's for sure. If you go to coin market cap and you look at the max supply of Ethereum that there could ever be, there's an infinity sign. So it it's very sus when they just put aside 50,000 ETH and knowing they can print it at a thin air because there's no finite limited supply. Unlike Bitcoin, which we know it's mathematically programmed. So what's the difference between like the digital dollar for say or Ethereum? Kind of similar in that sense. So I'm just thinking out loud here you guys let me know your thoughts. Meanwhile, institution force Ethereum marketing Firm etherealized launch January 22nd to help pitch Ethereum's bull case to Wall Street. You let me know your thoughts on that. And quoting plan B ETH below 0.03 BTC same as in 2016 XRP below 0.0003 BTC same as in 20 freaking 13 lesson. Bitcoin is the signal. Coins are the noise in my opinion. And shout out to the bitty brosis and the boys. But anyways, keep the comments flowing. We discussed the latest from the Trumpster and eth. Next, let's discuss the crypto banks. Headline here reads Coinbase urges US Regulators to remove Crypto Banking Barriers. That's right. Crypto exchange Coinbase is pressing US Regulators to confirm that the banks are free to provide services to the crypto businesses. Coinbase sent a letter to the Office of the Comptroller of the Currency, the Federal Reserve Board of Governors and the Federal Deposit Insurance Corporation, known as the fdic, asking them to provide clarity on the status of banking services to crypto, according to Bloomberg. In the letter, Coinbase reportedly asked the OCC to withdraw an interpretive letter that imposes the de facto application process of novel bank activities and prevents banks from entering the crypto asset market. The U S based exchange also asked the Fed and the FDIC to conver confirm the state chartered banks are allowed to provide and outsource crypto custody and execution. And according to Bloomberg, a separate letter from three law firms retained by Coinbase said that the current federal laws already authorized banks to provide crypto services and work with third party service providers like Coinbase. Still, banking regulators need to confirm that's the case. Coinbase said the law firms writing the letters in support of the Coinbase are Arnold and Porter K. Scholer, Cleary, Gob, Wobbly Steam. What names we have here. Good Lord. But I digress. It's important for the regulators to make clear that the banks can work with third party providers in providing trading and exchange services for their customers. According to the Coinbase Chief Policy Officer, the role of the U S banks and serving the crypto industry has been a contentious issue. Banks like BNY Melon have been moving forward with plans to provide cryptocurity services. Some reports suggest that the FDIC has approached several U S banks asking them to pause their crypto activities. And in June, Coinbase filed lawsuits against the US SEC and the FDIC alleging that the agencies made a coordinated attempt to cut off digital asset firms from essential banking services, AKA the war on crypto. That's a fact in the ongoing legal battle. Coinbase's chief legal officer reiterated the allegations in January of 2025, arguing that the FDIC deliberately omitted some pause letters related to the crypto and a Freedom of Information act lawsuit. Meanwhile, Trump, as you know, took office Jan Twentiet the same day. We hit the current all time high of 1093 which is the current price discovery was the morning of his inauguration. But you let me know your thoughts with the crypto custody of the banks now the war on crypto is officially over. We'll get some favorable crypto banking laws next story Family, let's keep it moving. Here's the latest purchase from Similar scientific buying an additional 871 of the bitty for 88 and a half million dollars meaning Similar Scientific officially holds a total of 3192 BTC. That's the Smile of success by the way. Shout out to Similar Scientific so yayo they acquired an additional 871 of the Biddy for 88 and a half million dollars utilizing proceeds from the January 2025 senior convertible notes. Sound familiar? Micro strategy the average purchase price per bitcoin was at 101 1,600. With the latest acquisition similar scientific now holds 3,192 BTC purchased at a total cost of $280.4 million with an average purchase price of 87,000 per bitcoin equals winning and according to the press release similar scientifics bitcoin yield was 152.2%. The yield is a percentage change of the ratio of the bitcoin holdings to its fully diluted shares outstanding over a given period of time. So similar scientific for the win and as they announced here, Eric Semler himself similar scientific acquires 871 of the biddy for 88 and a half million and has generated a bitcoin yield 152 since July 1st of 2024 when they first adopted it and now holding 3192 bitcoin not too shabby and keywords just getting started, rocket ship to the moon and people congratulating them. Great work Eric. Stay the course. Exceptional leadership, responsible treasury use. Love it. Dylan LeClaire says keep stacking and Lark Davis 2017 Bitcoin top 367 days post having 2017 was 526 days 2021548 days. If the trend holds next peak could hit October of this year. I mean what are your thoughts on the new all time high family? You let me know before we dive into our feature story of the day doc. Discuss the latest from Plan B suggesting the minimum price for this cycle 270000 and then we'll dive into the breaking news. U S Senator hinting Trump's latest executive order. The sovereign wealth fund executive order means the US is buying Bitcoin and as you know at 2:30 today we have a big big press conference in the works. Over a thousand people on the live stream. That's what's up. We still have two more stories to share so let's dive into the next story. The latest from stock the flow model creator Plan B. He says absolute minimum of 270 price target are coming for the biddy this year in 2025. Plan B is predicting a more parabolic rally for the biddy to the high price targets by the end of the year and a new strategy session. Plan B takes a look at the Bitcoin Monthly Relative Strength Index known as the rsi. The RSI is typically used as a momentum indicator and also to suggest overbought or oversold conditions. Plan B notes that historically at the peak of the bitcoin bull market, Bitcoin goes through multiple months with its RSI above 80 characterized by the red dots of the chart and with the monthly RSI quickly approaching an 80 and considering the Bitcoin's average gains during the periods where the indicator at such levels. Plan B says he is expecting an absolute minimum of 270,000 per bitcoin this year. I repeat absolute minimum 270G's baby. Quoting them here. In fact to be specific, I expect at least three, possibly four or five months of red dots which means an RSI of 80 and higher. Now what's very interesting is if we look historically at those points where the RSI was 80 or higher, then we'll see that the average return in those periods the red dots was 40 plus. So that means a one month of 40 plus from today's hundred thousand would be 140,000 this month in February. Send it. And since I expect multiple months of red dots us at least 3, 3 times 40 would bring us from 100k to 270g's baby. So that's the absolute minimum. The bitty price that I expect in 2025, 270. I'll definitely hit the gong for that. Send it. Yeah, so let me know if you agree or disagree with plan B. And to watch this actually video analysis he did check the show notes below the video in the description. If you don't know all the sources I get my news from, I always include in the description of the YouTube and rumble videos, FYI and that's where you can find it all. Now for our feature story of the day, U S Senator Cynthia Lummis hints Trump's latest executive order which was just signed for the sovereign wealth fund will mean the U S is buying BizCoin. And at 2:30pm today is a big conference with the crypto czar and Cynthia Lummis to discuss the United States adopting bitcoin and crypto. So how do you think these announcements are likely to play out? Do let me know. Family. But as you can see in the headline U. S Senator hence Trump's latest EO executive order could mean the U S buying the biddy. Let's break this one down. Trump has signed an executive order directing the government to create a sovereign wealth fund as you saw in the news yesterday with industry advocates and at least one lawmaker suggesting the action could lead to the government acquiring bitcoin. Precisely. Now Trump signed the executive order yesterday February 3rd for the press event in the Oval office. As you can see the picture here alongside Howard Lutnick directing treasury Secretary Scott Bessant who is on his left and Secretary of Commerce Howard Lutnick on the right to begin a process that will hopefully result in the creation of American sovereign wealth fund and according To Bessent the EO executive order would be enacted within the next next 12 months and monetize the asset side of the US balance sheet. And speaking of this handsome gentleman on the right, Howard Lutnick, he was just recently interviewed by Pompliano. And I watched this this morning. Very powerful clip and quoting it here, every time bitcoin dips, I'm going to be the buyer. And Pompliano ultimately asked him, my audience wants to know Howard, how much are you worth and how much exposure do you have to bitcoin? And he admitted publicly, according to record he's worth billions of dollars and he current or personally has hundreds of millions of dollars of bitcoin exposure. And he says he's going to continue buying the bitcoin dips. And Pompliano was laughing saying you'll be a bitcoin billionaire in no time. So that couldn't be any more bullish for bitcoin. So let's get back to this executive order in the sovereign wealth fund. Trump, Besent and Lutnick did not specifically say whether the fund, if established would invest in cryptos like bitcoin. But they suggested the government could purchase Tick Tock. That's interesting. The video sharing app is still subject to a law requiring its parent company Bite Dance to divest its U. S Business or face a potential ban. Wyoming Senator Cynthia Lemis which just confirmed the meeting the sit down today with crypto czar230 after the executive order signing to hint that Solomon wealth fund could be used to buy bitcoin. I mean what other greater asset couldn't they purchase? Bitcoin Advocate Wayne Vaugh, who has also called on the US Government to create a strategic bitcoin reserve, said Besent and Lnick both like bitcoin. Well, yeah, he has hundreds of millions of dollars of exposure to it and could set up the wealth fund to invest in crypto. I mean to me that seems like the most likely play. But what are your thoughts? Family? I guess you just never know since taken office Jan.20th and that's when we hit the current all time high. 1093 was the morning of the inauguration. Trump signed several executive orders that faced immediate lawsuits from organizations and authorities questioning the president's power to enact laws to executive actions. For example, a federal judge blocked the executive order attempting to revoke birthright citizenship under the 14th Amendment of the U.S. constitution, calling the action blatantly unconstitutional. And among Trump's campaign promises to the crypto industry were pardoning Silk Road founder Ross Albrecht, who is a free man, might I add, establishing a bitcoin stockpile. And he later switched the wording to crypto stockpile, as you know, and having all mined bitcoin in the United States, making the United States a bitcoin mining hub of the world, as you remember from the infamous speech in Nashville, and halting the development of a potential U. S. Central bank digital currency, which we know is CBDC is which I believe one of those executive orders banned the creation of CBDCs in the USA. So that's what's up. And on January 23rd, he signed a separate executive order establishing a crypto working group and prohibiting the cbdc, as I just mentioned. But it's unclear whether the order could also face legal challenges. Bitcoin's price dropped, actually crashed. Flash crashed just yesterday to 91.5, but we recovered pretty nice. That was off the back of the news with the tariffs, but nonetheless. Let me know your thoughts with this big announcement coming up today with the crypto czar, the executive order, the sovereign wealth fund. What do you think? Which assets are most likely to be added to the sovereign wealth fund? Do you think it'll be bitcoin? Do you think it'll be coins? Do you think it'll be a combination of everything? Do you think it'll be other things all together? Let me know your thoughts. And what do you think of Howard Lutnick being working with Trump, being this bullish on bitcoin, obviously, over at canter Fitzgerald. Let me know your thoughts and I'll read your comments out loud. And welcome everyone to the Q and A segment of the live stream. And don't forget to check out crypton news alerts.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.