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1904: 29 States Push Bitcoin Reserve Bills - $23 Billion BTC Buying Frenzy
00:35:35
Lawmakers in 29 U.S. states are pushing bitcoin reserve bills that could inject $23 billion (247K BTC) into the market.
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JV
This episode is brought to you by PDS Debt. Struggling with credit cards, personal loans, medical bills or collections? It's time to stop worrying about that high interest debt you've got. Piling up PDS debt can help you start saving money immediately. Their platform can analyze your unique situation and create a plan to get you out of debt. There's no minimum credit score required and it takes 30 seconds to get your results. With PDS Debt, you'll take back control of your finances. Get a free debt analysis in just 30 seconds@pdsdebt.com Spotify this episode is brought to you by Progressive Insurance. Fiscally responsible financial geniuses. Monetary Magicians. These are things people say about drivers who switch their car insurance to Progressive and save hundreds. Visit progressive.com to see if you could save Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states or situations. Welcome Crypto fam to number one daily Bitcoin pod. I'll be breaking the latest Bitcoin technical analysis down for you. I want to give a special happy anniversary to Max and Stacy. Today celebrates their 22nd year together which is a phenomenal thing and obviously it's my favorite power couple here in bitcoin responsible for orange pilling millions of people and I owe them a lot so so shout out Max and Stacy. Also check this out. 992,000 addresses have more than one Bitcoin shout out my whole coiners. We'll also be discussing Bitcoin retail ETF outflows mount to 494 million. I'll be sharing the latest here as well as today is the big one. Reciprocal tariffs according to President Trump as well as Wyoming Highway Patrol union moles adding the biddy to the balance sheet. I'll be breaking down this report as well as Texas lawmakers refile their Bitcoin reserve bill adding room for for more crypto. We'll also be discussing US States lead in the strategic Bitcoin reserve creation. But will Trump deliver on his Bitcoin promise? We'll also be discussing the United States of America is turning orange. Thus far, 29 states now have officially proposed Bitcoin related bills. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam. This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net today is pod episode 1904 I'm your host JV. It's 2-13-2025 and there's a lot happening in the market. So let's kick it off with our market watch as we do each and every day. Pulling up coin360 unfortunately bitty in the red along with the majority of the market. Yesterday the bulk of the market was in the green. Only a few in the green. As far as the top coins concerned, Salana, Cardano and XRP checking out coin market cap.com the current crypto market cap is sitting at 3.17 trillion with a Bitcoin market cap just above $1.9 trillion and we have 111 billion worth of volume for the past 24 hours. Happy 1111. Definitely a good omen there. And the bitcoin dominance is a flat 60% even with ether dominance at a point 1%. And checking out top 100 crypto gainers past 24 hours. Trump coin leading the pack of 9% followed by Caspa up 7% followed by Jito up 6 and a half percent. Let me know which alts if any you're bullish on for the bull. Holl at your boy. And checking out crypto bubbles. We get that visual perspective on the day as you can see on your screen, majority of the market correcting and in the red I'd say maybe 75 to 25 red over green and zooming out for the monthly to get a broad perspective. Not looking so pretty like 90 of the market wreck city virtually 10 in the green and checking out crypto greed and fear index. We're dead in the middle of Little Italy. Little did we know that we riddles a middleman who didn't do Italy. Rest in peace. Big pun. And yeah, we're dead in the middle today with a 50 neutral. Yesterday at 46. Last week of 49 and last month of 63. In greed and checking out the time chain calendar we have how many blocks you have to go into the having 166,399. We get a tick tock next block every 10 minutes. We're on block height 883 601. You can currently exchange one 41 sats for one US monopoly dollar. So stack the sats, put down the gats, pick up some bitcoin caps from a man sergio over@bitcoincast.net but anyways let's continue shall we? Next story of the day and let's dive into a little TA AKA astrology for the Brosis. We'll Also be pulling up some of the live charts. Bitcoin battles the hot US PPI as trader warns of position to go lower. Oh, end of the world. I'm gonna sell all my bitcoin. Not Bitcoin battles fresh U. S inflation pressures on February 13th for the wall street open opening for the macroeconomic data disappointing the bulls. Oh no, the one hour chart. It just means a great buying opportunity. I mean I don't mind if we go down, we can dump 20 grand. I'll still be smiling doing this podcast as if bitcoin was already 10 million. Because I project into the future as if I was Edgar Casey accessing the Akashic records and astral traveling just to channel Satoshi. I'm all for the future and of course the present. We can't neglect that. But many of you guys are always living in the past. It's like bitcoin has never done that before. I mean we've never gotten past 109. So how dare you claim to have a 1.1 million price prediction? JV well stay tuned. The CPI figures from the day prior and the PPI beat the expectations, further denting the hopes this episode is brought to you by Shopify. Upgrade your business with Shopify, home of the number one checkout on the planet. Shop pay boosts conversions up to 50%, meaning fewer carts going abandoned and more sales going cha ching. So if you're into growing your business, get a commerce platform that's ready to sell wherever your customers are. Visit shopify.com to upgrade your selling today. For financial policy easing, the PPI came in 0.4 and 3.5% month on month and year on year respectively. Higher anticipated than the 33.2. As if these numbers really matter, right? Markets already primed for undesirable results maintain low odds of the Fed lowering the interest rates for the first half of the year. Go Fed, not the late estimate. I mean the money printer is going to go burr and bitcoin is going to soar regardless. So all this is kind of just like who really cares. But the Fed watch tool saw a quarter, two and a half percent and a quarter percent rate cut for the next meeting in March. I mean so that's where the odds are and reacting. We had school share likely the same buyer from earlier has bought into the cell pressure market is net position for lower. So if the market is to move up here, we want to see supportive flows. Now SCO also says the sell volume longs are still puking under the price pressure like JV puking on the boat insider joke there. And data from Coin Glass showed strengthening buyer liquidity around 95 to 97 now forming the nearest band of resistance. Patience for the high probability setups during the choppity chop chop and Fed Chairman J. Pal noted were hawkish for the stance of the economy with Trump conversely demand that interest rates come down quoting the let's see here the Telegram channel from CPI Print Looking at the bigger picture, the market is likely waiting for the Trump reaction. We will continue to argue that the Fed should cut the rates further the year or we'll give them the leeway to remain data dependent with the soft landing legacy at stake as we expect the Fed Chairman J. Pal to remain conservative and maintain his stance of being data dependent upon moving upon the rate cuts. But you let me know your thoughts before we pull up some of the live charts. And in the breaking news, only 992, 297 addresses have more than one Bitcoin. So if you're a whole coiner, God bless you. Well done. I mean if I was to speculate if there's only 992000 addresses that hold one or more coin, I like to believe that the average person has like five addresses. I may be wrong, I may rewrite, I'm speculating, but that leads me to believe there's probably only maybe 200000 people in the entire world that are considered whole coiners. Now, are you one of them? Let me know if so. Congratulations, well done. And if you're not there yet, all is good in the hood. You can get there. Believe in yourself and know it's possible. And with Satoshi, all things are possible. And also in breaking news, this bitcoin power couple transform millions of lives, including my own. Thank you Max and Stacy for your service to humanity, bitcoin passion for individual sovereignty and for your relentless optimism. 1111 equals a 22. So salute to another 22 years together into the Bitcoin price reaching at 2.2 million target which is an 1111 1.1 mil plus a 1.1 mil. And if you don't know, that's Max and Stacy's anniversary. Check them out. 22 years of unconditional love. And I love that cap that says you money. Brilliant. Shout out to the high priest, show him some anniversary love, will ya? And as he put here gonna repost this on our 22nd meet anniversary. On February 13 and 3 I walked into a cafe in France and fell in love with this girl wearing the brown corduroy pants. I mean the brown corduroy pants will do a tany man. But shout out to Max and Stacy, they're phenomenal and as you know, my favorite in bitcoin. And I owe them so much so respect. And with that being shared let's pull up some of the live charts for a little chart action Jackson. Satisfaction for the Broskis. And again welcome everyone. Join the stream. Already a thousand people here. We're not even done with the astrology yet. Respect. But you should be able to see on your screen right about now live chart action Jackson. This is the one minute chart. We gotta zoom the hell in here because I mean zoom out a little bit. Let's start. I usually start the one hour and we work our way backwards. One hour chart, very bullish blue target sitting at just shy of one of six. And then we have a red target sitting just shy of 104 and zooming out from the one hour. Check out a four hour and yes it is caffeinated JV and you could thank your boy crypto surge at a big fat glass of the Cuban coffee from a man. But as you can see here we do have a orange target on the 4 hour sitting pretty at 130G's no diddy. And we also have the red target sitting fantastical at 103943. And zooming out from here. We'll check out the one day and the survey said, I mean yesterday didn't we correct to 94 and then we jump right back above 97. By the time I went live right now we're just above 96, less than 4,000 away from 100k. Rising wedgie formation sensation. And zooming out from the one day. Let me know if you like my astrology today. And we have the cup and handle sexy target sitting in the pinkish red sitting at 124. Poor puff of war. And zooming out from the weekly. We'll check out the monthly. The monthly says we're going up forever Laura. And as you can see thus far February has been a little bearish. But historically it's bullish and we're not even halfway through the month. So let me know where you feel the bitcoin price action will likely take us next. Next story of the day. What makes a great pair of glasses? At Warby Parker it's all the invisible extras without the extra cost. Their designer quality frames start at $95 including prescription lenses plus scratch resistant, smudge resistant and anti reflective coatings and UV protection and free adjustments for life to Find your next pair of glasses, sunglasses or contact lenses. Or to find the Warby Parker store nearest you, head over to warby parker.com that's warbyparker.com Here we go. Let's discuss somebody ETF flows which have been a little subpar Recently Bitcoin retail ETF outflows mount to 494 million that's right. Retail investors are increasingly liquidating their bitcoin holdings amid the growing institutional outflows and geopolitical dungeons worldwide. The number of the bitty addresses with a non zero balance sunk to 52 milli which marks an over five month low last seen in September of 2024. So maybe the bottom is in and in comparison the bitcoin network boasted over 52 million such wallets Jan 20. That was inauguration day when we hit the all time high when a bitcoin price reached 1093. Yes and however most of selling pressure stem from the US spot Bitcoin ETFs. The Bitcoin ETFs recorded over 251 million worth of the cumulative net outflows February 12th mark in the third consecutive day of the negative outflows amounting to over 494 million and I remember one year ago February 12th of 2024 we recaptured 50 GS. I remember as if it was yesterday family however, some of the analysts believe the crypto market is set up for the reversal based on the growing accumulation amongst the bitcoin huddlers also known as the whales. Large bitcoin hodlers accumulated over 39000 of the biddy worth more than 3.79 of the billion and cumulative net flows on a day of February 5th with a Bitcoin traded 976. Maybe I'm going a little too fast. Blame surge for the caffeinated JV version today the strong accumulation suggests the bitcoin bott according to Juan Pellister, senior research analyst over at into the Block. Quoting them here similar to the pattern observed in September, it suggests that these large players might be seeing the value of the current price level. This could indicate that the market is nearing a bottom and the capitulation phase might be ending. Just blaze. However, the bitcoin upside will be limited in the near term until it performs a decide of break above the psychological hundred thousand dollar level which can happen at any time. It feels like it's happened 10,000 times since we first captured it in the first place, but will you let me know your thoughts? Anyways, next story of the day. Let's discuss these tariffs. Headline reads Today is the big one. Reciprocal tariffs and I saw like Putin and Trump made some deal earlier today. But here's what this article says. US President Trump said he would announce a decision regarding reciprocal tariffs. That was today. I assume that just happened now. Three great weeks, perhaps the best ever. But today is the big one. Reciprocal tariffs make America great again. That's what Trump wrote on Truth Social. Previous news of the import tariffs and the looming trade war send crypto and the stock markets plummeting as countries like Canada, Mexico and China considered counter tariffs as a response. Market analysts continue to debate the effects of President Trump's trade tariffs on the crypto markets, Bitcoin and the broader US Economy. You can see the tweet officially from Trump right there. Tariffs have been have the potential to drive consumer prices higher, increase the inflation and create volatility and financial markets. February 12th the CPI data came in at 0.1% higher than expected with inflation hitting 3%. That's the imaginary percentage. They try to persuade us it is. We all know inflation's closer to like 20 ballpark. Just saying they definitely don't got inflation under control and every time they say it's under control they're lying to you. But anyways, Coin Bureau CEO and market analyst Nick Perkin Puckin shared on X that the PPI is the indicator of the potential price increase in anticipation of the trade tariff. The PBI measures the cost of the raw materials on the other product businesses used to manufacture consumer products. He also wrote that the market expects the PBI to rise 0.3% in advance of a tariff announcement from President Trump. Bitwise analyst Jeff park took a more long term view and said that a trade war could send the biddy price soaring to new heights. All time highs in play price discovery you already know. Park argued that the end goal the terrorists would be to weaken the US dollar and the global financial market, something that previously occurred under the Plaza Accord in 1985. The Plaza Accord, let me know if you've ever heard of that was an agreement between the US, Japan, West Germany, France and the UK to artificially weaken the US dollar, making U S exports more attractive to the international trade. The analyst added that the tariffs would affect all economies but would be disproportionately felt by residents living outside the US and lead to greater inflation. Oh boy. This inflation would in turn cause the res countries to seek alternative store value assets such as the pretty little bitty going up forever Laura and if you don't know now you know briskies. Next story of the day, let's discuss Wyoming. Then we'll discuss Texas after the flash freeze of course. And then we'll discuss the Bitcoin Strategic Reserve as well as 29 states have officially proposed the Strategic Bitcoin Reserve bill from a state level and we'll discuss all that and then we'll dive into some live Q and A. But our next story Wyoming Highway Patrol Union Moles Adding the Biddy to the Balance Sheet here's the latest report. The Wyoming Highway Patrol Association, a non profit organization supporting the troopers, dispatchers and civilians support staff of the Highway Patrol is reportedly exploring the adoption of the biddy including added it to the balance sheet. Have you ever spotted McDonald's hot crispy fries right as they're being scooped into the carton? And time just stands still. The plan is in partnership with Bitcoin education platform Proof of Workforces get off a zero initiative to help the labor unions, pension funds and others learn about the bidding and the benefits, Proof of Workforce founder don Bay said Feb. 12 in the statement. A portion of those bitty funds would potentially be held in self custody. That's how you do it. That's a blackjack. Bay explained that Bitcoin is a reliable, stable, long term tool for the workers and wage earners as the unpredictable fiat based monetary system continues to expand and change. Should it go ahead? This may be the first time a law enforcement association of the United States has adopted Bitcoin. Let's freaking go. And as you can see here, they won't be the last. The plan received full support from the Wyoming Senator Cynthia Lummis. Shout out. Lummis, who introduced the Bitcoin reserve bill at the federal level last year. This is so cool, she said. The goal with this stuff is to help the Americans access tools to realize and protect the full value of their effort blood and their sweat and tears. Love to see Wyoming citizens who protect us protected by the bitty that freedom. Focus Innovation now. The Vice president of that association, his name is Austin bluemill, didn't shed much detail on the initiative other than it is excited to explore Bitcoin as a network and asset to evaluate the ways it can further support the organization and the members. Wyoming introduced a strategic bitcoin reserve bill January 17th and would invest the up to 3% of the state funds into the biddy and if the total market value of the bitty investment surpass the 3% limit, the state treasurer is not permitted to sell or reduce the size of the biddy allocation and comply with a rule. Meanwhile, Arizona, Illinois, Kentucky, Maryland, New Hampshire, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas and Utah are amongst the other states that have introduced the bill for the bitcoin reserve, and we'll get deeper into that later in the stream as our future Story of the day 29 states now officially now Utah made the most regulatory progress being the only state to have a bitcoin reserve bill passed through the House. Utah, please stand up. Meanwhile, the Satoshi Action Fund CEO Dennis Porter also tipped Utah to be the first state to adopt the Bitty reserve, citing the state shorter legislative window, calendar and political momentum. Mormon country for the win Headline reads Texas lawmakers refile their Bitcoin Reserve bill, adding more room for more Crypto that's right, Texas lawmakers have refiled their strategic bitcoin reservoir under a slightly different name, opening the door to investment and other qualifying cryptos. Oh boy, I hope it's not Melania Coin. But anyways, quoting them here, SB21 would make our state the first to establish a strategic bitcoin reserve and drive innovation, growth and financial freedom. He also thank lieutenant Governor Dan lieutenant Dan that reminds me of Forest Gump lieutenant Dan Jennai anyways, designating his bill to establish the Texas Strategic Bitcoin Reserve as one of the Senate's top 40 priority bills. Quoting them here, I've been told by Lieutenant Governor's office multiple times that this bill is a major priority. Preach SB21 differs slightly from SB778, a similar strategic bitcoin reserve bill for the Republican politician announcing mid January. The earlier legislation only permitted the state to buy and hold bitcoin as a strategic asset, preventing its use for the other state operations unless explicitly authorized. Now Schwartner refiled the legislation for the purpose of investing in the crypto and the investment authority of the Comptroller of the Public Accounts over the reserve for the certain other state funds Feb. 12. The bill establishes the reserve as an investment vehicle, allowing the state to actively buy, sell and manage the crypto assets for financial security and economic resilience. It also permits investments in other digital assets, but stipulates they must have a market cap of at least 500 billion for the past 12 months, and currently only bitcoin falls in that category. Hey now. SB21 also gives more control to financial experts, while SB77.8 places control in the hands of the state legislature legislators and has stricter security, oversight and funding rules. Meanwhile, Riot Platform's vice president of research, Pierre Rocher, commented that the new legislation text for Texas SBR is very bullish before adding it removes the annual buying limit of 500 million. That means they can buy a lot more. The legislation can appropriate as much as it wants to save bitcoin. Now we're talking there are currently 19. Well we're going to get deeper into that. There's actually now like 29 states and I'll give you the update with the latest and the greatest as we continue to watch the pre little bitty do its thing. Now for our feature story of the day. U S states lead in the strategic bitcoin reserve creation. The million dollar question becomes will trump deliver on his bitcoin promise? And also in headlines check this out. The United states of America is turning orange. So far 29 states have officially proposed bitcoin related bills. So you already know and as shared here, also North Carolina to buy up to 2.6 billion in Bitcoin if the bill is passed. Nobody is bullish enough. It's going up forever, Laura. So yeah, let's break this down and let me know who do you think, where do you think the bitcoin adoption will come from first? From the state level or from the national level? I think more common sense tells me at a state level as there's less barriers and obstacles to jump but nonetheless I hope it happens in both levels. But here's the latest. Nearly a third of the U S States are venturing into the financial frontier once considered to be completely unthinkable which is creating a strategic bitcoin reserve. Bitcoin for the enemies. Bitcoin for the treasury, Bitcoin for the kennedys. Send it. And while the U S President trump's vision for national digital asset stockpiles is developing, U S States are not waiting around, nor should they. Inspired by the success of other countries like el salvador. Shout out bukele the union unprecedented support of Trump has shown for the industry. They are charging ahead with their own bold initiatives. Sixteen states now considering bitcoin as part of their investment strategies. With legislation to allow public funds to be allocated to such digital assets already under discussion. States like Arizona, Utah where the bill has already passed committee approval. A vote in the chamber is right up their alley. Bringing the idea of a bitcoin reserve even closer to becoming a reality rather than just a distant Final Fantasy. 7. How many of you guys get that one? Let me know. The case for countries and states embracing the strategic bitcoin is becoming more tangible as momentum builds in the U. S following Trump's inauguration as the new President aka our new POTUS in his first address to the sector February 4th. We had David Sachs exploring the potential bitcoin reserve. And he said would be one of the first things we are going to look at. Now that's a blackjack. In the early days, President Trump. Trump signed an executive order creating a task force to shape the U. S. Digital asset policies, fueling optimism for the widespread crypto adoption. And also he said he would fire Gary Gensler, in which he did officially resign. Got replaced with the nipinator. The group has six months to deliver the road map which could define the sector regulations of digital asset investment guidelines, along with a potential groundbreaking proposal like a national big one reserve. So the U. S. States are getting quite serious about bitcoin. I mean, this map speaks volumes. You can see virtually the entire country is becoming bitcoin country, so only a matter of time. It kind of reminds me of like, you know, how they started, like becoming more open to. I like to refer to it as cannabis. I don't like the propaganda term marijuana, so I refer to it as cannabis. But remember, like on a national level, it's like always illegal nationally. But then the states started adopting it and making it recreational or medicinal kind of similar like now with the bitcoin. Like eventually every single state's just going to embrace it and it will become a strategic reserve asset. It'll be on the treasury, it'll be in the sovereign wealth fund, the pension funds, some way, some form, it'll be adopted. However, from a national level, it may take a little bit more time. Trump needs to move on it. They claim they're investigating and looking into it, but I mean, the longer you wait, the more you're going to get left behind. And to me, that's just some common sense. But you, you let me know your thoughts. Reflecting on the excitement of many bitcoin advocates, Eric Trump shared The following on February 5th feels like a great time to enter the bitcoin reminds me event of the dragon rest in peace. Bruce Lee and advocates for the strategic bitcoin reserve argue that such an investment could serve as a powerful hedge against inflation. Of course, in currency devaluation, while the central banks can print fiat currencies at will, Bitcoin's fixed supply could help protect the country's wealth from the unusual risks associated with currency depreciation. And after a strong surge, the price of the biddy and other cryptos reverse course. In the early weeks after the Trump administration, initial enthusiasm gradually gave way to the really be substantial work remaining before any significant progress could be made. Quoting them Here we have reached the point where there needs to be some actual government purchases likely led by the treasury for the market to be satisfied. They also say some corporations have started building their own reserves. But I have a hard time seeing markets move higher unless some sort of national or state level activity actually begins. And so the shift in the lawmakers mindsets continue and dive in a little deeper. I mean this is an article. The only difference is we now have 29 states officially proposing a bitcoin related bill and this could ignite a 23 billion dollar Bitcoin buying frenzy according to the head of Uber at Van ak, one of the largest digital asset management firms firms in the world. That's right. Lawmakers now across 29 states introduced bills aimed at establishing the video of the digital reserve and resulting significant state level investments. A shout out Matthew Siegel over there at Van Eck. He shared. We analyzed the 20 state level Bitcoin reserve bills. If enacted they would drive 23 billion in buying or 247000 of the bidding. And that doesn't even include the 1 million proposal from Cynthia Lummis for the Strategic Bitcoin Reserve for the the nation we call the United States of America. This sum is independent of any pension fund allocations likely to rise the legislations or legislators to move forward. So ultimately he's saying this is a bear scenario. These bills are in Oklahoma, Massachusetts, Wyoming, Ohio, Texas, Utah, North Dakota, Idaho. I oh I oh my God. Iowa, Illinois, Kentucky, Missouri, Maryland, New Mexico, South Dakota, Montana, New Hampshire, North Carolina, North Carolina, Arizona, Florida, Pennsylvania proposing various levels of the bitcoin allegations from the general funds, stabilize the reserves and the state treasurer's accounts. That's a blackjack baby. Some states are considering significant investments with Arizona proposing an estimate of 8.7 billion in Florida planning a 3 billion allocation. Missouri also introduced a bill that could allocate 1.7 billion into the biddy. However, not all states have disclosed the specific funding amounts, making it difficult to gauge the total market impact, Siegel explained. For instance, since North Dakota had an unspecified proposal while other states like Pennsylvania have already seen their bills fail. Now despite those uncertainties, Van Eck, head of digital assets noted the following. The 23 billion number is potentially conservative given the lack of details and I agree with that one. The push for the state level bitcoin reserve signals a growing acceptance of digital assets in the government financial planning. While these proposals are still in the legislative process, their passage can introduce billions of dollars in into the biddy market if the pension funds eventually join the initiative. The total investments could increase beyond the current estimates. And there you go. And if you don't know, now you know. Billions of dollars per state. We can get to 50, 100 billion. There's no telling how high the pretty little bitty may climb. Your guess is as good as mine. So let me know fam. And welcome everyone to the Q A segment of the live stream. We got 1900 people here live and in the flesh. It's the top of the hour. I'm going to stick around for another hour. Let's see if we can flip green. We're only seven hundo away. If we can flip green, we may flip this mofo into a pump. Watch. Anything is possible with a bitty. Yes, Missouri. I knew my state wasn't totally. Amen to that. Ain't no retards there, that's a fact, Jack. Idaho and black. What the frick Idaho thinks they do not need the biddy with all the money the Californians are bringing. Must be some forces of evil behind there, you know. We're still fighting the good fight. Let's keep in mind, here's a. Here's one of my favorite Max Kaiser quotes. Money existed before the state. Bitcoin separates money from the state. Bitcoin kills, unalives the state. So you got to keep that in mind. The Achilles heels of the central banking cartel and the the criminals that rule the world is bitcoin. And that's a fact, Jack War Pain just gifted five memberships of the channel. Congratulations to the Dusty Hunt. Congratulations to the mercy too to Tank to Shiza sue. Reminds me of Lao Laozu Amsterdam online learning in the Exponential Network. Just gifted from the war paint Johnny crypto. You've all been hooked up with a microstrategy membership of the channel. This goes out to you War Paint. And congrats all the new members of this channel. I appreciate y'all respect Mega Bitty Pump. They're not talking about the towns of the cities, they've already adopted it. Like my town, they have 50 of the pension fund in the bitcoin right on precisely into the bitcoin exchange traded products. Thank you for the clarification there Oracle. And don't forget to check out cryptonews 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.