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1898: “Omega Upheaval Will Send Bitcoin To $1,000,000 In A Matter of Weeks”
00:33:35
Jan3 Founder Samson Mow predicts Omega Candle sending Bitcoin to $1,000,000 quick, “It’s not gonna be a gradual slow increase to $1 million a Bitcoin, but rather a very short and violent upheaval that sends us there in a matter of weeks to months.”
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JV
Welcome Crypto fam to the number one daily bitcoin pod. In today's show. I'll be sharing the latest bitcoin technical analysis. Everything you need to know in the market. Breaking news, Czech Republic signed the law removing capital gains tax on bitcoin after three years of huddling. Also, Eric Trump says feels like a great time to enter bitcoin. Send it. We'll also be discussing Satoshi Nakamoto still holding $107 billion worth of Bitcoin and thousand wallets according to ARCAM Intelligence. We'll also be discussing Black Rock to launch the Bitcoin ETP in Europe. I'll be breaking down this latest report as well as South Dakota likely to lead the nation with the first bitcoin reserve according to their state rep as well as breaking news Micro Strategy rebrands to strategy while adopting the bitcoin logo and quoting Jan3 founder Samson Ma. It's not going to be a gradual slow increase to a million a bitcoin, but rather a very short and violent upheaval that sends us there in a matter of weeks to months. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net Again that's Crypto News Alerts. Today is Pod Episode Number 1898. I'm your host JV. It's February 6th, 2025. Market is currently correction. We're maintaining just above nine hundred and sixty six and falling down at the current time of the live stream. Let's kick it off with our market watch as we do each and every day. You should be able to see on your screen here coin360 you can see all the major cryptos correcting in the red. XRP down 6% on the day. Ether down 2 and a half percent. Salana down 5%. Cardano down 6%. And checking coinmarketcap.com the current crypto market cap sits at $3.15 trillion. The Bitcoin market cap 1.9 trillion. We got roughly 125 billion worth of volume for the past 24 hours and the Bitcoin dominance is currently 60.9% with the Ether dominance at 10.4%. Checking out top 100 crypto gainers of the past 24 hours, we got Bara lead in the pack up a modest 1% because virtually everything's correcting in the red. You just got Bara, Monero and Tron virtually in the green. The rest of the market is bloodshed. And checking out the crypto bubbles we get a visual perspective on the day. 97% of the market bloodshed rec city zooming out on the monthly not looking much prettier. It's even worse actually. A lot of these alts down anywhere from 30 to 80% on average. So be careful with the coinery fam and checking out the crypto green inter index today we're neutral 49, yesterday 54 last week at 70 and last month at 78. In extreme greed and checking out the time chain calendar we're on block height number 882, 562. We got 167, 438 blocks until the next habit Tik tok next block every 10 minutes. And you can currently exchange one fiat monopoly dollar for 136 SATs. So pick up the sats, put down the gats and pick up some bitcoin caps from a man. Sergio, get a custom Buell camo just like this bad boy over@bitcoincaps.net let's dive into today's astrology for the brosis. Yeah. The headline here reads bitcoin enjoys plenty of demand N98 as the analyst eye the relative strength index breakout here you're looking at a one hour chart. I'll pull up the live charts when I'm done with this. Circling 98,000 Feb6 for the Wall Street Open as the traders flag multiple bull signals trading view showed consolidation taken over the bitty which traded right in a tight channel. And while still unable to tackle the 100,000 psychological mark, Bitcoin cooled volatility as the market participants adopted a wait and see attitude. Quoting trader Jelly higher low locking in objective remains the same. Reclaiming 100k coincidentally the range mid level as well. Flip that. And Another test of 110 is next. And another analyst Dan Crypto trades identified spot market demand as the reason for the optimism about the bitty price trajectory. Quoting them here. Bitcoin trading as a pretty solid spot premium showing there's plenty of spot demand around these levels which have made it so Bitcoin has held strong during the recent turbulence. And another chart demonstrated derivative traders relative caution versus the spot buyers. Quoting Dan Crypto trades with the spot ETFs and institutions like strategy formerly known as micro strategy, accumulating coins at a rapid pace. There is a constant changing of the hands, a changing of the guard. I think this should eventually lead to the supply drying up around this region and moving higher. Supply shock fam the lowest amount of bitcoin available in the exchanges in only a matter of time for all the bitties are gone and we get a parabolic super cycle rise. I'm anticipating it. The RSI is holding support at the channel bottom in preparation for the rally for the channel top over time now Bitcoin crypto lack upside catalysts according to QCP in particular geopolitical events spark another trip lower which is precisely what we're seeing now. Quoting them here. Bitcoin resilience above 90000 is impressive but we remain cautious about the negative geopolitical shock from the U S China tensions, particularly amid the global market uncertainty. Furthermore, the lack of the near term crypto specific catalyst leaves the market vulnerable to the negative price shocks and in this environment a defensive approach and risk management are key, especially given the large liquidations observed just on the Monday in breaking news fellas, Czech Republic president signed the law removing the capital gains tax on the biddy after three years of hoddling Hoddle gang, hoddle gang, hoddle gang. What a genius move. I hope Trump follows in that footstep. Now Eric Trump made a tweet feels like a great time to enter bitcoin and I retweeted and put it's an excellent time Eric, phenomenal. And Michael Saylor said there is no better time. There is no second best. And Eric Wise said it is always a great time to buy the pity and ain't that the truth. And now let's pull up some of the live chart action Jackson for you guys you should be able to see here on your screen this is the live charts via Coinbase the largest exchange here in the states via trading view. This is the one hour chart we do have some bull signals and targets one sitting at 102,300. Zooming out from the one hour checking out the four hour four hour chart still has the 130,000 target in play. I believe it'll happen here in Q Q1. I hope it happens here in February. And checking out the one day chart you can see a corrective red yesterday, big one today. Yeah I mean still in the red as well. Zooming out from the daily we check out the weekly we still have this XY cup and handle target pattern of 124,000 overall the trajectory of the one week looking pretty bullish but we have been trading sideways past few weeks. And zooming out from the weekly take A quick look at the month survey says it's going up forever. Laura and as you can see already forming a red candle for the month of February. January we had an itty bitty green and December itty bitty red and November the biggest green candle we have seen since the inception of the Genesis block. And if you don't know now you know Broskis next story Headline here reads Satoshi Nakamoto still holding 107 billion worth of the biddy and thousands of wallets. That's right. Bitcoin's mysterious synonymous creator Satoshi holds more than 107 billion worth of the biddy. According to RCAM Intelligence. They recently added 22000 Satoshi addresses to the database listing total holdings of 1.09 million BTC. So there you have it. Satoshi has over 1 million bitcoins spread out over 22,000 wallets. Now our cam relies on Sergio's shout out Sergio learners Potoshi pattern theory which exploits three privacy related flaws version 0.01 in early Bitcoin protocol to pin pinpoint the blocks that were likely mined by Satosh. Learner's theory argues that a single miner mined 22000 of the early bitcoin blocks. He also says Satoshi was likely mining during that time and there is evidence that links the Potoshi patterns to Satoshi Based on public info such as the blockchain holdings of more than 107 billion would make Nakamoto the 15th richest person on the planet on paper and shout out to paper ahead of Microsoft co founder Bill Gates. Everyone's worst enemy. Enemy 101 for humanity I would dare say. Per Forbes Real time billionaire list, Coinbase director Connor Grogan combed through Arkham's findings and noted Potoshi addresses received Bitcoin from a sav, which is a Canadian exchange. Also noted they bought were bought by Kraken in 2016. They took over that exchange and as such there is a chance that Kraken's co founder Jesse Powell has info on the true identity behind Satoshi. If they maintained any KYC information on this wallet, my advice to him would be to delete the data. And that's actually quite powerful. We are all Satoshi. I mean that part is right. And if you're not familiar with Kraken, I believe it's the second largest crypto exchange in the United States, right behind Coinbase. And Jesse Powell is an OG and they say allegedly he may know the identity of Satoshi. Let me know your thoughts on that next story of the Day Brosis let's discuss the latest from the Black Rock to launch a bitcoin exchange traded product in Europe, according to the latest report. That's right, the largest asset manager in the entire planet is preparing to launch the bitcoin ETP in Europe, according to the February 5 report by Bloomberg. The move comes after BlackRock's U S spot Bitcoin ETF Ibit drew upwards of 57 billion in new assets launching in January. Net assets, that is of 2024. BlackRock's Ibit fund is America's most popular spot Bitcoin ETF. BlackRock's European Bitcoin ETP will reportedly be dociled in Switzerland. The asset manager plans to start marketing the fun as soon as this month. Let's go, bloomberg says, citing people familiar with the matter. BlackRock is the top ETF issuer, 4.4 trillion in assets under management across the suites of the ETPs. This could be BlackRock's first Bitcoin ETP outside of North America. As Black Rock continues to take over the planet, Black Rock has been doubling down on the bitty success with international expansions. Back in January, BlackRock launched a new Bitcoin ETF called the CBOE Canada DTF allows Canadian investors to access BlackRock's flagship US spot Bitcoin Fun. Overall, U S Bitcoin et cetera saw more than 35 billion in aggregate net inflows last year, roughly 144 million in net inflows each trading day, according to Far side. In November, U S Bitcoin ETS broke 100 billion in net assets for the first time, according to Bloomberg. And crypto analysts expect Bitcoin ETS to attract another roughly 48 billion worth of the net inflows this year. 2025. Bitcoin has become a more important component of investor portfolio structurally as they increasingly seek to hedge against geopolitical risks and inflation, investment bank JP Morgan said in a December report studying the record capital inflow to the crypto market. Surging institutional infos I call it FOMO like a mofo can cause the positive demand for the shocks for the biddy potentially sending the biddy price soaring in 2025. I mean that's a given. We all know pre low bitty going up. The question is how high will the peak go. Let me know what you think. Max is calling for 2.2 million. Samson Mouse calling for a million. We'll be discussing that later and he going to happen violently fast meaning it can happen in a matter of weeks to months. It's not going to be a slow grind to a Millie and I've been projecting 1.1 million as my bull scenario for the cycle this year. My bear scenario is 222 and my base case for the Broskis 420. Let me know your thoughts. Let's discuss the Strategic Bitcoin Reserve in South Dakota Headline reads South Dakota likely to lead the nation with the very first Bitcoin reserve. Well, that's according to their state Representative Logan manhart. He declared Feb. 4 that his state may soon become the first of the nation to pass the strategic Bitcoin reserve bill, citing South Dakota's notable short legislation session in the imminent deadline mid March. South Dakota has one of the shortest legislative sessions in the country. It is likely South Dakota will be the first state of the nation to pass a bitcoin reserve bill. Send it. A user questioned whether the legislator was still in session. Referencing the common misconception that had ended in January, Manhart clarified, yeah, it goes until the second week of March. 40 legislative days. Everyone knows that the drive to establish a strategic Bitcoin reserve in South Dakota came to light when manhart first revealed January 28th. I am proud to say I will be bringing a bill to the South Dakota House that would create a strategic Bitcoin reserve. Now is one of the few chances government has at being proactive. Let's have the combo House Bill 1202 introduced Jan 30 as the vehicle for that initiative. The legislation introduced Manhart as the prime sponsor supported Representative Aaron Ayla Ward, Phil Jensen and Dylan Jordan, as well as Senator Carl Perry, who would permit the State Investment Council to allocate up to 10 of the state funds into the biddy. The bill outlines that custody of any acquired Bitcoin must be arranged either through a secure custody solution overseen by the state itself by a qualified custodian, or via an ETF by federal regulators being approved. It further details stringent requirements for the safekeeping of the private keys, including multi party governance, encrypted storage and thorough disaster recovery planning. The proposed measure saw its first reading in the House of February 3, after which it was sent to the House Senate affairs for further consideration. Manhart's comments appear against the backdrop of intensifying competition amongst multiple U.S. states to become the first to establish the strategic Bitcoin Reserve as the global hash wars compete. And although a number of states have introduced or entertained legislation designated to create such reserves, South Dakota and Utah recently taken center stage in discussions about which might cross the finish line. First, let me know who you think it'll be? Do you think it'll be Utah, home of the Mormons, or will it be South Dakota? I don't know what's in South Dakota, so I'd say home of something. But please help me fill in the blank and let me know if you think all the states of the US will eventually adopt it. That's now over 15 states who are proposing strategic reserve bills, which get very exciting. 14 According to this article, Utah has become the 11th state to do so January 20th under the leadership of Rep. Jordan Tusher and has only 45 days in its legislative session to approve or reject the proposal. And then we have Dennis Porter, CEO of the Satoshi Action Fund, argue Utah's compressed timeline coupled with the robust political backend makes it a prime contender to pass its bill before any other state. So that might be number one. It's either sink or swim in 45 days. No other state has a faster calendar and no one else has the political momentum and willpower to get or did. Here's the new rebrand information regarding strategy, formerly known as Micro strategy. And then we'll discuss Samson MA's very bullish price prediction. He believes it'll be a violent upheaval to a million dollars and it'll happen super fast within weeks to months. And then we'll dive into our live Q and A and go from there. So, yeah, this is the big news. MicroStrategy rebrands to strategy and they adopt the Bitcoin logo. They made this big announcement. Business intelligence Firm Bitcoin Treasury Co. The first to put the video on the balance sheet. The one and only. Formerly known as MicroStrategy, now known as Strategy. Let me know if you think the new name is cool. And According to the February 5 announcement, the newly rebranded company will continue focusing on providing business intelligence software and pursuing its Bitcoin corporate Treasury strategy. The company has an earnings call scheduled for. Oh, that was yesterday. And I believe they said they're going to escalate the bitcoin buying in the fourth quarter of this year. Michael Saylor, co founder, MicroStrategy and a Bitcoin evangelist. The Bitcoin alchemist popularized the Bitcoin corporate Treasury strategy, which continues to attract newfound adopters in the tech industry. As you can see right here. Family. Now, other companies been following Sailor's lead, obviously. Sailor's company strategy now has 471107 biddy in the reserve, valid at $45.6 billion, making the company the world's largest corporate hodler of the biddy. And following the company's implementation of the bitcoin treasury strategy, the correspondent increase of the share price, other publicly traded companies took a page from the microstrategy playbook, we call it the sailor put and diversified their treasury reserves with bitcoin. So like if Michael Saylor can borrow billions of dollars by converting these convertible stocks and doing this, this alchemy and can purchase billions of dollars worth of bitcoin using other people's money at a 0% interest, not have to pay it back for like 5 years, I want to do the same thing. That's precisely what Meta Planet's now doing. The Japanese investment firm focused on Web3 initiatives. They announced the adoption of the treasury reserve strategy in April of 2024. January MetaPlanet CEO Simon said the company's goal is to increase his treasury holdings to 10,000 of the Biddy this year. We also have similar scientific who established the corporate bitcoin reserve in May of 2024. The company shares increased 30% because now they have the backing of the bitcoin community and now we're talking about them every day. The smartest move you can do is adopt bitcoin for the Treasury. If you're a company, especially a publicly traded company, just like they're doing in your witnesses, their stocks soar to the moon. Laura and speaking at the Bitcoin 2024 conference in Nashville, executives from Semler and Meta planet said their firms were zombie companies until adopting pretty little bitty. And now Pretty little bitty has transformed their companies just like it transformed strategy. Formerly known as the micro strategy, the company zombie company is a firm that manages operational solvent but has no excess capital for growth. So it's like kind of like a dying company in a way. Unlike Michael Saylor's company that is thriving since putting the video on the balance sheet back in 2020, they got the first movers advantage. He had the balls and he pursued and now he puts his money where his mouth is and he continues to buy the biddy virtually every week for the company. Now also rumble the video streaming platform we're live on right now, dedicated to the free speech announced the plan to allocate 20 million to Bitcoin as edge against the inflation. The video streaming platform purchased his first bitcoin in January of this year directly ahead of the inauguration of the President Trump of the United States of America. And another headline, microstrategy now Strategy records a 670 million net loss in Q4 which they just announced on their earnings call. So their fourth quarter loss came as it stacked another 218887 Bitcoin. It's its most aggressive quarter to date and if you don't know now you know Crypto broskis. But now for our feature story of the day January. Samson Mao. He says it's not going to be a gradual slow increase to a million dollars of bitcoin but rather a very short and violent upheaval that sends us there in a matter of weeks to months. So take that bitcoin haters and shout out to the nip and hatter holding it down. But yeah, this was actually a recent interview clip he did. It's just about one minute clip segment. I'm actually going to repost it right here. It's pretty good. I watched it this morning and that gave me the idea for the feature story of the day. So what are your thoughts on that when bitcoin does truly rip like super cycle. And I'll give you some evidence to suggest that we will be in a super cycle and that we're already in one. But what are your thoughts of just ripping straight to 1 million in a matter of weeks to months when everyone least expects it as Samson Mao is suggesting? Let me know. Now check this out. Bitcoin is in a super cycle. We haven't had a real alt season since 2021. Instead and FYI 2021 was the prior cycle all time high. We reached the pinnacle. I believe it was November 10th when we hit 69 000. Instead we have transitioned to an era where we sporadically have echo bubbles post large bitcoin rallies. The four year cycle has been dead. Understand the new paradigm now. I've heard Michael Saylor say this in one of his own talks that he believes the four year cycles are done and over with and that we're gonna be in a continuous bull cycle for the next 10 years. Do you agree with that theory? Let me know your thoughts. Because if we are in a Super cycle these 1, 2 million dollar price predictions from Samson or Max Kaiser become very probable. I want you to note that now that I shared that, I also want to touch upon here. Arthur Hayes says Bitcoin reserve may end up a potent political weapon. Now who is the first to prophesize the global hash wars and who actually coined that term? Max Kaiser. So I got to give Max credit where credit is due. But the bitcoin strategic reserve in the US could be a net negative for the industry as it could be used as a political weapon and even reversed if Dems win the election in 2028 and decide to sell the stockpile, according to the industry executive. So, for example, let's say Trump creates the stockpile and over the course of the four years as president, let's just hypothetically say they acquire 1 million bitcoin conservative number, because that's the number Cynthia Lummis proposed, right? And then let's say Trump loses or obviously he can't be reelected a third time unless they change the law. So we get some other president who's like Hunter Biden just for the sake of the argument. And then Hunter's like, we're gonna sell all the stockpile 1 million bitcoin. We're gonna reverse everything the Trumpster did and bada boom, bada bing, it's weaponized. Think about that. But broadly speaking, he says many misguided crypto folks wish for the US Government to print dollars and purchase bitcoin as part of the national stockpile. I believe these folks are asking for the wrong things, said Malstrom Fund Chief Investment Officer Arthur Hayes. Just Blaze. Hayes argues that the potential bitcoin stockpile would simply be another financial asset that could be both bought and sold. There'd be 1 million bitcoin just sitting there ready to be sold. It just takes a signature on a piece of paper, AKA an executive order. And he's right. It turns Bitcoin's reserve, or national stockpile of shitcoins held by the US Government into a political weapon and potent one that is. Hayes, who was one of the founders of mx, acknowledged that bitcoin's reserve would initially make Bitcoin's price go nuts like Peanut the Squirrel, but said whether the U.S. buys or sells more of the biddy, it would be primarily for political and not financial gains. Let me know if you agree disagree with Arthur H's Blaze and if President Trump the POTUS fails to slow the inflation, stop the wars and fix the food supply for 2026 and Save America, the Democrats could build political momentum when the House majority and potentially even punish the crypto investors who supported the orange man in 2024 election. According to Arthur Hayes Just Blaze. Others have been more optimistic about the prospect of the national bitcoin stockpile. Asset management giant Van Eck recently predicted the bitcoin reserve could reduce America's national debt by 35% by 2049, while strategies executive Chairman Mikey Sailor believes it could strengthen the US dollar, help the US lead the world in the 21st century digital economy. Now, Hayes acknowledged that in theory, bitcoin can serve as a better treasury asset the most highlighting the network's immutable code, permissionless access, and it being the purest monetary energy derivative humanity has imagined. Perfect money impregnable, impregnable, unequitable, unconfiscatable Speculation for the Bitcoin reserve strengthened when Trump announced the sovereign wealth fund, which he just signed. The executive order for which U S. Senator Lummis introduced the Bitcoin reserve bill later claimed was a big deal. A strategic Bitcoin reserve under the Trump administration is still under consideration. And as you know, Trump Jr. Eric Trump tweeted earlier today, feels like a great time to enter bitcoin. And then all this talk about a bit bitcoin plus trading at a dollar on Coinbase is kind of driving me nuts. So I can't wait to get to the bottom of this. But anyways, let me know your thoughts and do you think we'll get the strategic Bitcoin reserve? And one last quote from Arthur Hayes just blazed the end result is miners turn off their machines as they can no longer pay for the energy required to run them. Without the miners the network dies and bitcoin vanishes. What the hell are we talking about here? He says he is opposed to the spot. Oh regarding the etfc. Thanks banks. They could completely destroy Bitcoin as the funds would be vacuumed up into the vault. And even Max Kaiser has predicted that the Bitcoin ETF BTC can be confiscated by US government. All it takes is an executive order. And Obviously nobody trusts BlackRock and especially if you understand how evil they are and the evil they do. But anyways, I digress. Let me know your thoughts and where do you feel the pretty little bitty will likely take us? Do you think we hit the super cycle? Do you think we're in the super cycle? Are we an extended cycle or the will the four year cyclical cycle remain? And what are your thoughts on Samson Mouse saying we're going to have a violent upheaval a Bitcoin smashing a million Omega Candle Satoshi Candle JV Candle Chandy Candle Nippy Candle Holl at your boy and welcome everyone to the Q and A segment of the live stream. What it do? 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 Episode Hoddle.