
Bitcoin to $1 million? Sounds wild, but Samson Mow has mapped out six ways it could happen.
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JV
Welcome crypto fam to no. 1 Daily Bitcoin Pod Bitcoin pumping back in the green. I'll be sharing the latest Bitcoin technical analysis. Also, you know what's crazier than a.
Co-Host
Kennedy being back at the White House?
JV
A Kennedy that has the majority of his net worth in Bitcoin in the White House. Congratulations, RFK Jr. We'll also be discussing what the real status of Bitcoin is in El Salvador after the recent 1.4 billion IMF deal. I'll be breaking this down for you. We'll also be discussing Michigan becomes the latest state to propose a crypto reserve bill as well as Bitcoin's chance of hitting 125,000 by June rises as traders bid for the upside. We'll also be discussing El Salvador's President Naib Buel just met with the Giga, Chad, Michael Sailor and Max Kaiser to discuss bitcoin. What in the world did they discuss? Well, quoting Bukele here, I thought I was orange pilled, but now I feel orange pilled multiplied by many times per preach. We'll also be discussing Bitcoin to a million per btc. Samson MA offers six catalysts for this to happen. 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 crypto news alerts. Again, that's crypto news alerts.net welcome everyone to the special Early Valentine's Stream Happy Valentine's Crypto fam. Today is Pod episode 1905. I'm your host JV. Happy Valentine's Day. It's February 14th, 2025 and the Bitty is back in the green checking out coin360 as we do our market watch. You can see Bitcoin trading just shy of 97,000 at the time of the live stream. XRP is a big gainer off the back of the news of some ETFs for XR being approved or something like that. It's up 11% on the day we have Ether up 3.3% and Salana up roughly 5%. And checking out coinmarketcap.com the current crypto market cap currently sits at. Let me get a refresh here for the latest data. 3.23 trillion. The Bitcoin market cap 1.92 trillion and we have roughly 95 billion worth of volume for the past 24 hours. Bitcoin dominance finally back on the decline since recapturing 60% percent. Today it's down to 59 and a half percent. Ether dominance maintaining at 10.2%. Checking out top one crypto gainers past 24 hours. Trump coin leading the pack again today up 30% on the day the market cap is up to $4.274 billion and it's currently trading at 21.38. The all time high after the launch was above $70 so still has quite the catching up to do. Then we have a whiff Dog whiff hat up 28% as the memes continue to lead the pack followed by Jupe and know which alts if any you're bullish on for the bull. Holl at your boy. And checking out the crypto bubbles we get a visual perspective. Let's start on the daily then we'll zoom out on the month. As you can see on the daily the bulk of the market back in the green, safe to say 90% green over red. Zooming out on the monthly. Unfortunately it's still Rec city overall for the alts maybe 85%. Rec City 15% in the green and Trump one of the few in the green or was in the green maybe not so much. And checking out the Crypto Greed and fear index today neutral 48, yesterday a 50, last week a 44 and last month a 70 in greed. And checking out the time chain calendar we have 166,266 blocks until the next having a 2028 currently on block number.
Co-Host
883734 and you can currently exchange one.
JV
Fiat monopoly dollar for 133 sats. So pick up the sats, put down.
Co-Host
The gats, pick up some bitcoin caps from my boy sergio over@bitcoin caps.net and let's get it.
JV
But let's continue with our TA and the headline here reads Bitcoin retail demand dips just 2% as analyst eyes a Bitcoin Price Breakout that's right, Bitcoin retail investors remain active despite a month of Bitcoin price consolidation. In one of the quick take market updates yesterday we had Olivier of crypto quant saying that the bitcoin price may soon return.
Co-Host
Return of the Dragon. Let's go.
JV
Bitcoin retail investors have barely decreased network participation over the past month. Investigating the onchain volumes of transactions traditionally associated with the RET cohort worth up to 10,000, he said that the range bound bitty price has not resulted in a significant difference in behavior according to the analysts here. Another after another long period of normalization caused by the price sideways movement, retail demand is close to growing again, something that could have a positive impact on the biddy. In the last 30 days, retail investor activity fell by around 2%, a much smaller figure than the 20% recorded in January. Now retail volumes boomed as Bitcoin hit the all time highs and we hit 193 Inauguration Day. That was January 20th. The morning I can say to my.
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Co-Host
Credit.
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JV
Requires Google Gemini Account results may vary based on input. Check responses for accuracy before the President got inaugurated. Since then, boredom has characterized the market as bitcoin ranges in a familiar corridor. The status quo, however, may change soon. Quoting the analysts again, periods of growth in the monthly variation of the retail investor activity are consistent with the improvements of the market sentiment. It is possible that the current consolidation structure is nearing its end. The data marks the second potentially bullish sign from the investors this week. Mainstream interest, meanwhile, further demonstrates that indifference in the overriding mood regarding crypto. Google trend shows no meaningful change and.
Co-Host
A slow come down in the mainstream.
JV
Consumer interest in bitcoin Search activity peaked early November, just after Bitcoin broke The.
Co-Host
All time high set back in March.
JV
And since then not even fresh peaks.
Co-Host
Have been enough to keep the engagement.
JV
Live and in breaking news.
Co-Host
Check this out.
JV
RFK Jr got sworn in yesterday. He's like the head of the Make America Healthy again. Respect. And as Nico wrote here from Simply Bitcoin.
Co-Host
You know, it's crazier than a Kennedy being back at the White House. A Kennedy that has the majority of his net worth in bitcoin in the White House.
JV
Congratulations RFK Jr. I'll strike the gong to that. Everyone, let's congratulate RFK Jr. And we're going to pull up some of the live charts again. Welcome everyone just joining us. You should be able to see live on your screen right here the chart via Coinbase, via via Trading View. Let's start with the one hour and work our way back. We do have some bull targets on your screen live and in the flesh currently just shy of104,000 the red target and then we have another bull Target sitting at 1016 again on the one hour chart. As you can see here in your screen checking out the four hour we do have a very bullish orange target sitting at 130000 a Super bowl target here. I believe we hit this sometime in Q1. Obviously Q1 would end end of March and of February right now right in the mid midway mark. And we also have a target just shy of 104,000 on the four hour chart. Overall very bullish. Zooming out on the daily as you can see in your screen. You know we've been trading sideways for some time but it's all good in the hood. I think a decisive move is going to happen sooner than later. And on the weekly chart we still have the sexy cup and handle target and we do get a weekly close on Sunday around 6pm so we'll see how we close for the week. And zooming out on the weekly to the monthly and you can see it's going up forever. Laura, Thus far February has been a little bearish, but historically it's very bullish and again we're only halfway through the month. Let me know where you feel the biddy price is likely to take us next and I'll read your comments out loud. This is regarding El Salvador. Headline reads what's the status of bitcoin in El Salvador after the IMF deal? Well I think this is important to break down and versus reading this article I'm just going to go directly to Samson Mao in which it is referencing because he breaks this down very well. Here's what Samson had to share. There's a lot of confusion on whether bitcoin is still legal tender in El Salvador. Some news reports say it's gone, but some influencers are saying it's business as usual. Who is right? It's complicated, but the short answer is Bitcoin is both is and isn't legal tender. And I'm going to go ahead and heart this post and repost it because it's great insights. And I'm going to go ahead and read this to you this entire thread. You can look at the glass half full or half empty. The bitcoin situation in El Salvador is complex and there are many questions that still need to be answered. So I can understand the frustration for many bitcoiners because the official comms seem to be everything is awesome. I don't think most bitcoiners are going to just accept that answer though, because they are probably worried about their future, which is fair given they moved, invested or build businesses in El Salvador. So if the official comms on the Bitcoin law amendments are lacking, the best we can do is our own analysis. The Jan3 team translated the edits and.
Co-Host
Amendments manually, so none of the nuance is lost.
JV
So let's continue. The amendments to the Bitcoin law are very clever and allow for compliance with the IMF agreement while allowing the El Salvador government to save face. Breaking down here, the Bitcoin law still exists. El Salvador government can't touch Bitcoin anymore.
Co-Host
Maybe except reserves.
JV
Bitcoin is no longer classified as currency.
Co-Host
Bitcoin is legal tender but now voluntary. Contradictory, but whatever. No capital gains and you can still spend bitcoin. Detailed analysis follows Article 1. It leaves Bitcoin defined as legal tender while removing the word currency and makes Bitcoin optimal or voluntary. So this is why Bitcoin is and isn't legal tender. It is defined as legal tender, but lacks the thing that actually makes it legal tender. It is not that Bitcoin was forced on businesses, but the previous real legal tender status.
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Co-Host
Edu was definitely a motivational factor for the larger businesses that wanted to be compliant, e.g. starbucks, McDonald's, etc and I'll talk more about this later in the thread. Also worth noting, removing the word currency makes the Bitcoin law a lot less useful. Jan3 can't push for other countries to recognize Bitcoin as a foreign currency now. Maybe the IMF listened to some of the podcasts I was on where I talked about that. Article 3 Any price that may be expressed in Bitcoin is now any price may be converted into Bitcoin. Most people convert fiat prices to Bitcoin for payment, so this is just saying to do what comes naturally. Or you can read it as previously you can price an apple and sats on a price tag slash sign, but now you cannot. Article 4 you can't pay taxes of Bitcoin anymore. But also Stemming from Article 1 it seems like the government also can no longer accept Bitcoin for payments such as incorporating a company, the passport program, future citizenship by investment programs, or even a 12 tourist fee at the airport. Article 5 no capital gains on Bitcoin still, but again we see the removal of Bitcoin being currency. This seems to be in line with the more mainstream acceptance that Bitcoin is an asset, not money or currency and it's all outlined right there. Article 7 basically saying El Salvador government cannot touch the Bitcoin but everyone else can. Article 8 the state doesn't need to help facilitate Bitcoin transactions, so paving the way for a chivo phase out or sale which is their local wallet of choice which was a private sector wallet.
JV
Instructed to be done by the government and article 9 related to 8 as outlined right here then articles 10 to 16 nothing important or no changes and aside from the Bitcoin law amendments, there are still questions pending from El Salvador in the IMF agreement. Specifically what does confirmed mean? I would assume that the government can continue to acquire Bitcoin as an asset strategic Bitcoin reserve since they are continuing with that. But it could also be that it may be stopped at a later time. It all depends on what confined means. We'll see. Again, I would think bitcoiners want a more substantive answer than will still buy in right now. The other big question is what happens when shivo is unwound. Yes, it is never been a great wallet and had many bugs, but it served as an important fiat bitcoin bridge and gave bitcoin exposure to millions of people. Also Many larger merchants are still using it, such as the Super Selectos and when I purchased papusas in Bitcoin country, the vendor was still using the shivo wallet, just FYI and it worked just fine. Going back to Article 1amendments, Bitcoin becoming optional may lead to the big companies like super select those depreciating bitcoin payments support. Keep in mind that the super select those is owned by Grupo Kalea Carlos and the current Vice President who was the presidential candidate for the National Republican alliance during the 2019 presidential election and the opponent of El Presidente. So there are some political reasons why bitcoin support could be dropped as well. However, the new optionally optionality of bitcoin support combined with economic practicality is probably the biggest reason we may see a drop of merchant support for Bitcoin. There are just not enough bitcoin transactions to warrant the cost of maintaining two payment systems. Bitcoiners in El Salvador are still a small majority of the overall txs. And when bitcoiners like to say you can live on bitcoin in El Salvador, it's a big part of that is the Super Selectos and the bigger companies. So something will need to be done here. So what does this what does this leave El Salvador? The cup is either half full or half empty. The weakening of the bitcoin law definitely makes El Salvador a bit less unique. And if you factor out the heavy marketing and pr, El Salvador sits relatively evenly with any other region that has strong grassroots adoption or a favorable tax regime paired with government support. If you want to live in a country with a bitcoin reserve, you have Bhutan or soon the us. If you want legal tender, Prospera Global will recognize Bitcoin as legal tender. If you want to live on bitcoin, you have the bitcoin jungle. CR I don't know if that's in Costa Rica and other communities. And if you want no capital gains, there's Hong Kong, Dubai, Singapore, Switzerland, Lugano, Puerto Rico. And if you want no capital gains after years and government support for bitcoin, you have free Madeira and the Czech Republic. So there's obviously a lot of options out there and I'll read you one more thread here. Bitcoin being ubiquitous, money in El Salvador was what made the country unique. Bitcoin is a reserve asset that is good but less interesting. Things are definitely dulled with the IMF deal and there are many bitcoiners unhappy with the deal simply because we all.
Co-Host
Know with entities like the imfr, Amen.
JV
Everything isn't awesome, but that just means there is more work to be done. The door is still open to Bitcoin in El Salvador. Whether because of face saving or dedication to bitcoin, the Bitcoin law is still there and that's something it is likely. El Salvador had to take the deal with the IMF to ensure that financing of pre existing debt went smoothly and it unlocked other traditional financing. Here's the key.
Co-Host
Everything is okay.
JV
Bitcoin will be fine. There's more adoption of Bitcoin around the world than ever before.
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JV
I participate in restaurants for a limited.
Co-Host
Time and El Salvador helped play in that.
JV
Bukele has to do what he thinks is best for the country first and.
Co-Host
Foremost and I'm going to leave you guys with that.
JV
Let's break down our next story of the day. Discuss the breaking news over in Michigan. Michigan becomes the latest date to propose the crypto reserve bill. That's right yo. Michigan becomes the latest USA to propose a strategic bitcoin reserve bill bringing the total number of the states moving crypto reserve related legislation to 20. Well in fact yesterday I think my headline was 29 states proposing a push for bitcoin. So it's even more advantageous than we expect. February 13th, Representative Brian and Ron introduced HB4087 to amend the state's Management and the Budget act to establish a strategic Bitcoin reserve. The move makes Michigan the 20th US state with legislation for state crypto investments Pending a vote quoting them here. Michigan can and should join Texas and leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve. That's what's up. The Michigan bill would allow the state's treasurer to invest in crypto from both the general fund and economic stabilization fund with a cap a 10%. The bill doesn't specify any limits or guidelines for what cryptos can be bought for the reserve. The bill also includes a provision for lending crypto saying that if cryptocurrency can be loaned without increasing financial risk to the state, the state treasurer is permitted to loan the crypto to yield for the return to the state. The state must hold crypto directly through a secure custody solution or ETF from registered investment companies. Michigan State pension fund already has exposure to Bitcoin and ether via the ETFs now he also shared and floated the idea of a Michigan coin.
Co-Host
Oh boy.
JV
In a February 13 post which he said was a stable coin which I believe the state of Michigan should create and that he said would have real value tied to our gold and silver reserves. H There are currently 20 US states that have crypto reserve bills that have advanced beyond the level of the House committee. The House recent state to propose or mend the crypto bill was Texas which filed for legislation this week to allow the state to invest and trade crypto assets. North Dakota meanwhile is the only state to have rejected legislation regarding crypto investments and you can see the status of the crypto reserve related bills all across the United States. Those with the Bitcoin in there is a winner now there you have it yo as the adoption continues. Also there was big news out of Texas earlier today with like moving forward with the proposal of the bill. So very bullish for state adoption. As far as Bitcoin is concerned.
Co-Host
The next story is actually a hundred and twenty five zero zero zero target.
JV
Which is the next reasonable leg up.
Co-Host
After we can break price discovery currently sitting at 193 which was achieved back on January 20th. And here we are practically one month later just shy of a with 125 in play. So yeah, Bitcoin lingered below the psychological 100000 level for seven days, but a crypto researcher says there's nearly a 50 chance it'll surge to 125000 by late June. The chance Bitcoin hitting 125 by the middle of the year has improved to 44.4% up from 41.9% according to on Chain Options Protocol Derive head of research Dr. Sean Dawson who shared in his markets report. Dawson added that the chance of the biddy touching 75000 before the June drop was only 12% down from 17.8%. Meaning it's not the most likely scenario. Sorry, Arthur Hayes. Meanwhile speaking of Arthur Hayes is more bearish on the downside. That's precisely why I said that Hayes predicted last month the Bitcoin could potentially pull back towards 70 and 75. Let me know if you feel the bottom is likely in already.
JV
I personally think it is. But he says we can have a mini financial crisis with Bitcoin dropping all the way to 70 to 75. Bitcoin last traded at 75 November 8 seems like a lifetime ago, but it really wasn't that long ago. Three days after President Trump won the election, a moment widely seen as the catalyst for the month long rally that pushed the video to a hundred thousand for the first time December 5th. Bitcoin has been trading below a hundred thousand since February 7th. Bitcoin briefly tapped a new all time high of 10 9, 3 inauguration day January 20th. Meanwhile, trader Jelly said that until Bitcoin reclaimed the Honey G's choppy conditions shall remain. And as you know the Crypto Greed and fair index showed a sentiment of neutral as of yesterday and today an asset management giant Vanek said December that the bull market will hit the medium term peak in the first quarter of 2025 before surging to the all time highs before the end of the year. Let me know if you agree disagree and if it projected the cycles Apex would trade at around 180,000 per biddy while ether would trade above $6,000. Let me know your thoughts on that. Let's continue with the news and discuss the latest what was just discussed just yesterday. Next story.
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JV
Detail headline here reads El Salvador's President Bukele meets with Sailor to discuss Bitcoin. And as you can see, I mean look at this photo right here.
Co-Host
Imagine being in a room with Max Kaiser, Stacy Herbert, Mikey Sailor, the Gigachad himself and President of El Salvador Najib Bukele. Good Lord and very powerful quote Max shared from Bukele Last night I thought I was orange pilled, but now I.
JV
Feel orange pilled multiplied by many times.
Co-Host
Good lord. I mean let's freaking go.
JV
But yeah, let's break this one down. El Salvador currently holds roughly 590 million worth of Bitcoin. At this current time here's another photo with the president of the free world, Bukele and Mikey Sailor sitting down. You can see, got the orange tie. You already know they're discussing bitcoin. Here's a few key takeaways. According to the article, Bukele and Sailor discussed bitcoin at the presidential palace February 13th. That was yesterday. El Salvador's recent legislative amendments make bitcoin voluntary legal tender and prohibit its use for tax payments aligning with the IMF loan requirements. And I just shared all the insights from Samson Mao regarding that deal. Yeah, I mean, and how to interpret it. El Salvador's president Bukele and strategy founder Sailor met at Casa Presidential, the presidential house of El Salvador on Thursday to discuss bitcoin, according to the country's national bitcoin office. And guess who is the head of the national bitcoin office? You guessed it, Max and Stacy. And here's another photo. President Bukele met with Sailor this afternoon at Casa Presidential. And of course course bitcoin was discussed. So it's fantastic to see those two together. I mean, this is historic. The bitcoin office also posted Bitcoin Country Cooks and you can see some more exclusive photos. Let's actually scope them out. I'll share it with the fam here. Here's a photo of the president with Sailor. Here's another photo with Max, Stacy. Sorry, I don't know the other gentleman's name here. But then with Sailor and Bukele, I mean, wow, powerful. Just looking at this photo like, makes me low key jealous. I want to be there. Michael, Saylor and Bukele. I mean, look at these guys. Some of the best leaders we've ever had for bitcoin adoption. And another great photo right here. Sorry I can't name them all because I don't know everyone here, but respect everyone there. And of course we can all identify Max, Stacy, Michael and Najeeb. Very powerful, but nonetheless, let's get back to the story here. So you can see February 13th, Pokele shared the photos. The advocates had dinner at the presidential palace. As you can see here in that photo. I mean, wow, I'd love to hear those conversations. El Salvador added one bitcoin to its holdings around the time, bringing its total now to 6077 BTC, valid at almost 600 million according to RCAM Intelligence data. The purchase is part of its daily dollar cost averaging strategy where it purchases ultimately one bitcoin per day. But there has been some days where they've purchased 11 Bitcoin. I remember the day after striking the 1.4 billion IMF loan deal they did the 11 Bitcoin purchase. Sailor strategy just resumed its bitcoin acquisition last week, acquiring 7,633bitcoin. So let that sink in. Sailor's Most recent purchase of 7633 Bitcoin is more than the grand total sum of all the bitcoin that El Salvador holds. Just to give you perspective of how crazy of a whale Michael Zaylor is. Yeah, I mean they now have Bitcoin reserves at 478,740 BTC which is truly mind boggling. At today's bitty price, that's roughly $46 billion on BTC. Shared more photos of the meeting on Friday, but the details of course remain private. If I get any special insights from Max himself, I'll be sure to let you guys know. But of course this is a private meeting. But I could assure you they're talking about bitcoin adoption and purchasing more bitcoin. I mean that's what Michael Saylor does best. He's the Michael Jordan of bitcoin. All right, now for our feature story of the day. Bitcoin to a million dollars. Jan3. Samson Mao offers six catalysts for this price target it to happen. So let's break it down and shout out Samson Mao doing big things for bitcoin adoption around the world. So yeah, sounds wild to the average person, but Samson has mapped out six ways it can really happen. No fluff, just key factors that can send the biddy price soaring fast towards six zeros. The renowned bitcoin bull calls them the six pass to the omega.
Co-Host
For those that don't know, the Omega candle in play, which is something he coined himself.
JV
First up, supply shock. With the logic that if this episode.
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JV
Institutional players like MicroStrategy, now known as Strategy B and ETF issuers such as.
Co-Host
The BlackRock keep buying aggressively, which they will.
JV
That's a guarantee, brother. Available bitcoin dries up. And right now we have the least amount of bitcoin available on the exchanges we have ever seen. And just at the current pace we will have a supply shock I think in the year 2027. But if we accelerate, which is to be anticipated in my opinion, obviously we could have that supply shock sooner than later, sending bitcoin to seven figures sooner than later. So keep that in mind. Simple supply and demand price goes up when you have very limited supply and high demand. And that's what we're witnessing with the institutional FOMO like aovo. Then there's the idea of the strategic.
Co-Host
Bitcoin reserve at the state level which.
JV
Is occurring in real time. Governments holding bitcoin as a reserve asset. Not impossible with the talks and speculations already taking place. I mean every day in the news another state proposing adopting bitcoin some way somehow. I mean today we're talking Michigan, the other day Texas, there's Wyoming, there's Florida, there's now like 29 states looking to embrace the biddy. And what if the U. S jumps in and establishes its own strategic bitcoin reserve as Cynthia Lummis proposes in her bill in which Trump he's trying to stockpile the biddy for the country and he also said he wanted to make America the bitcoin mining hub of the world. What if they were to sign that bill for the strategic bitcoin reserve and purchase let's say a million bitcoin over the course of the next five years? There's roughly a 200000 Bitcoin purchase per year. That's the game theory.
Co-Host
That my friend, is the hash war.
JV
And Wait, the global hash war in which Max Kaiser coin many years back back.
Co-Host
That would be a seismic shift to say the least.
JV
And that's how you get the target such as JV's 1.1 million bull scenario for 2025. That's how you get the targets like.
Co-Host
Max Kaiser's 2.2 million target for this cycle peak.
JV
And that's how you get to Samson mouse.
Co-Host
One million dollar target. I mean it can happen. Family. A complete rebasing of the US dollar to satoshis could occur redefining value measurement itself. Sure it sounds crazy but big changes can happen when systems reach their limits. Six paths to omega Supply shock from MSTR and ETF buying state level strategic bitcoin reserves U. S Federal strategic bitcoin reserve rebasing of the US dollar to satoshis and as you know, one bitcoin can be divided by 100 million satoshi. So by the time a satoshi is valued at a dollar, we're talking a hundred million dollar per bitty. Also the nation State fomo.
JV
Besides the nation state fomo, we have the state FOMO demonetization of gold to acquire bitcoin. That was a proposal a sailor made. He said, you know, if the United States and other countries were to ultimately change out their gold reserves for bitcoin, it would crash gold collectively and the bitcoin market cap would soar, surpassing that of gold. And then they would have a lot of power if they chose to do that. So you could only imagine. Also we had Bukele announce a few weeks back that he believes they're sit the country of El Salvador is sitting on roughly $3 trillion worth of gold. What do you think they will likely do with the goal when they discover it and mine it? They're going to trade it for bitcoin. So bitcoin's overtaking gold and quoting Max Kaiser. Gold is the poor man's bitcoin. Poor Peter Schiffmeister. But yeah. So nation state FOMO is another factor. Countries might suddenly feel the pressure to stack the biddy. The global hash wars. The game theory not wanting to be left behind. And according to Mao, if one major economy like that of the very same of the United States makes the leap, others could try to catch up.
Co-Host
Nobody wants to be last. Hence the game theory.
JV
Then there is the gold angle. Governments and institutions shifting from the traditional safe haven into bitcoin.
Co-Host
I mean, it's perfect money. It's pristine collateral.
JV
If gold starts losing its monetary role in favor of bitcoin, it could mean a massive liquidity shift.
Co-Host
And I think that could likely happen.
JV
Who wants the precious metal gold, where they can continue to find more and more Gold has what I would define as relative scarcity. Bitcoin, true scarcity. There is a hard cap, limited supply, hard coded into the protocol. 21 million, right? There's only so much to go around. What if 5, 6 million lost, gone forever?
Co-Host
What does that give us?
JV
Like 15 million bitcoin? And how many millionaires are there in the world?
Co-Host
Like over 40, 000.
JV
How many billionaires are there in the world?
Co-Host
And eventually all the billionaires will have the bit they don't already. But Ma is not just throwing ideas around.
JV
He has made major predictions before. Bitcoin to a million dollars in 2025.
Co-Host
Is amongst the loudest. Let me know. What do you think the probability of bitcoin reaching a million dollars this year in 2025. Holla.
JV
And three more countries adopting crypto strategies.
Co-Host
He sees that happening too.
JV
You know, Samson's at the forefront for.
Co-Host
Bitcoin adoption at the nation state level.
JV
That's what he does.
Co-Host
He goes around countries orange pilling.
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Co-Host
It's better with block walk presidents and such governments. If one of these six triggers fires, Bitcoin can see various movement. Is it possible to see more than one at the same time? Absolutely. Anything can happen. That is where the Omega candle comes from.
JV
And for those that don't know is.
Co-Host
Defined as a $100,000 surge on the daily chart. Which would mean for example, if we got an Omega candle hypothetically tomorrow the bitcoin price price would be 197 thousand. We'd have a move up of 100 G's.
JV
So you let me know your thoughts with Samson mouse projections and the six catalysts that'll likely send bitcoin parabolic to seven figures per bitty. Holl at your boy. The Oracle says we will see $1 per set soon. If Blackrock gets out of the way.
Co-Host
We'D be there even sooner.
JV
Meaning if they're not manipulating the markets because clearly they're purchasing mass amounts of bitcoin, they now have over 500,000 thousand bitcoin. They have more bitcoin than strategy B. But nonetheless there's always manipulation involved because they rather suppress the price to buy more of the bitty. So. Completely understand. Yeah, I mean 100,000 surge in a single move was set the market on fire. Precisely. Imagine just waking up. How long, how many years did it take bitcoin from the inception of the Genesis block to go from zero to 100,000? Something like 15 years. Ballpark, right. So what if it did what it took 15 years to achieve in one day? That's what we're talking about with the Omega Candle one day movement that took 15 years previously.
Co-Host
In 24 hours, the Omega Candle.
JV
58 million millionaires worldwide. Thank you for the insights. Approximately 15 million Bitcoin total after the lost coins. That's my guesstimation as well. There's probably only ever going to be 15 million circulating Bitcoin out there. And Blackrock probably owns close to a million already. Michael Saylor already has five. Yeah, I mean some of the, the mega whales already hold a lot of the supply. And now you have nations adopting the bitcoin crazy sovereign wealth funds. You got pension funds, you got like firefighters and police. As we discussed yesterday, all the smart money is going to move into bitcoin. So I could see an Omega candle occurring when? Your guess is as good as mine. You know, I mean, time will tell. But you guys let me know what you think on that projection prediction. We've seen it up to 10,000 in a candle. That's right. We may have even got close to 20,000. Right. We did the God candle a couple of times. At least 100,000 isn't far. Exactly. It's 10x what we've already done. 10x is easy peasy in the bitcoin world.
Co-Host
Right?
JV
I remember when I first discovered Bitcoin in 2017, it was $1500. I think earlier in the year it was like a thousand. And it went up to. To 20,000 before the end of the year for the bull in 2017. So I've seen Bitcoin go up 20x in a single year practically. So can we go up 10x from here and hit a million dollars within a year? Yeah, absolutely possible. Happy 11 11. There's 1111 people on the live stream right now. That's a divine omen. Omega candle to 169.
Co-Host
Send it. I don't mind at all.
JV
And what are we going to define as the one million dollar candle on the daily chart? Can we call that the satoshi candle? God candles. 10,000. Omega candle is 100000 satoshi.
Co-Host
One million single move BTC. Mess them up.
JV
And don't forget to check out crypto news alerts.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 Hoddle.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1905: Samson Mow Reveals 6 Catalysts For Bitcoin to Hit $1,000,000 Per Coin
Host: Justin Verrengia
Release Date: February 14, 2025
Timestamp: [00:59] – [04:56]
In the opening segment, host JV welcomes listeners to the top-ranked Daily Bitcoin Podcast, highlighting the resurgence of Bitcoin as it climbs back into the green. He provides a comprehensive market overview, citing real-time data from platforms like Coin360 and CoinMarketCap.
Bitcoin's Current Status: As of the live stream, Bitcoin is trading just below $97,000, a significant rebound that reflects the positive market sentiment.
Altcoin Performance: Notable gains include XRP up by 11%, Ether increasing by 3.3%, and Solana rising approximately 5%. TRUMP Coin leads the altcoin gains with a 30% increase, currently trading at $21.38, though it still trails its all-time high above $70.
Market Capitalization: The total cryptocurrency market cap stands at $3.23 trillion, with Bitcoin alone accounting for $1.92 trillion. The 24-hour trading volume is around $95 billion.
Dominance Shifts: Bitcoin dominance has slightly decreased from 60% to 59.5%, while Ether maintains a 10.2% dominance.
Crypto Movers: Other significant movers include WHIFF Doge Hat up by 28%, and Jupe alongside known alts, though their exact performance metrics are not detailed.
Crypto Sentiment: The Crypto Greed and Fear Index remains neutral at 48, indicating a balanced market sentiment.
Block Progress: The discussion touches on the blockchain's progression, noting 166,266 blocks until the next halving in 2028, and the ongoing exchange rate of 1 USD to 133 sats.
Notable Quote:
JV: "Bitcoin dominance finally back on the decline since recapturing 60% percent. Today it's down to 59 and a half percent." [03:30]
Timestamp: [04:56] – [07:08]
JV delves into Bitcoin's recent retail demand trends, emphasizing resilience despite a month of price consolidation.
Retail Demand: Bitcoin retail investor activity has only dipped by 2% over the past month, a minimal decline compared to the 20% drop seen in January. This steadiness suggests sustained interest among retail investors.
Analyst Insights: Olivier from Crypto Quant anticipates a potential Bitcoin price breakout, hinting at renewed bullish momentum.
Notable Quote:
JV: "Retail demand is close to growing again, something that could have a positive impact on the biddy." [05:21]
Timestamp: [07:24] – [16:36]
A significant portion of the episode focuses on the evolving status of Bitcoin in El Salvador following the country's recent $1.4 billion deal with the International Monetary Fund (IMF).
Legal Tender's Ambiguity: There's ongoing confusion regarding Bitcoin's legal tender status in El Salvador. While official communications suggest Bitcoin remains legal tender, amendments strip away its classification as currency, making its use voluntary.
Samson Mao's Analysis: JV references insights from Samson Mao, breaking down the complexity of the situation. The amendments allow El Salvador to comply with the IMF deal while partially retracting the mandatory use of Bitcoin, leading to mixed feelings among the Bitcoin community.
Government Actions: Despite the amendments, the El Salvador government continues its Bitcoin acquisition strategy, maintaining significant reserves. The potential phase-out of the Chivo wallet, El Salvador's local Bitcoin wallet, is discussed, raising concerns about merchant support and Bitcoin's practical use in daily transactions.
Political Dynamics: The involvement of influential figures like Vice President Carlos (a former presidential candidate) is highlighted, suggesting political motivations behind Bitcoin policy adjustments.
Notable Quotes:
Co-Host: "It's crazier than a Kennedy being back at the White House. A Kennedy that has the majority of his net worth in bitcoin in the White House." [07:09]
JV: "Bitcoin will be fine. There's more adoption of Bitcoin around the world than ever before." [16:39]
Timestamp: [17:47] – [20:15]
The episode transitions to legislative developments in the United States, specifically Michigan's proposal to establish a strategic Bitcoin reserve.
Legislation Details: Representative Brian and Ron introduced HB4087, aiming to amend the state's Management and Budget Act. This bill would empower Michigan's treasurer to invest up to 10% of the general and economic stabilization funds in cryptocurrencies, particularly Bitcoin and Ether.
Strategic Implications: The bill also outlines provisions for lending crypto assets, provided it doesn't elevate the state's financial risk, allowing for potential yield generation.
State Adoption Trend: Michigan becomes the 20th state to propose such legislation, joining the ranks of Texas, Wyoming, and Florida. This wave of state-level crypto adoption underscores growing institutional interest in Bitcoin as a strategic asset.
Notable Quote:
Co-Host: "Michigan can and should join Texas and leading on crypto policy by signing into law my bill creating the Michigan Crypto Strategic Reserve." [19:21]
Timestamp: [23:07] – [27:56]
JV and the co-host discuss a high-profile meeting between El Salvador's President Nayib Bukele and prominent Bitcoin advocate Michael Saylor.
Meeting Highlights: The two leaders met at the Casa Presidential to discuss Bitcoin strategies. Photos shared during the meeting showcase Bukele alongside key figures like Max Kaiser and Stacy Herbert, symbolizing strong support for Bitcoin adoption.
Bitcoin Reserves: El Salvador continues its substantial Bitcoin purchases, adding to its reserves. Recent acquisitions by Michael Saylor's Strategy B have significantly boosted the country's holdings, emphasizing the strategic importance of Bitcoin as a reserve asset.
Future Prospects: The meeting signifies ongoing efforts to enhance Bitcoin's role in El Salvador's economy, despite recent legislative changes. The discussion suggests a commitment to further Bitcoin integration, potentially influencing other nations.
Notable Quote:
Co-Host (Max): "Last night I thought I was orange pilled, but now I feel orange pilled multiplied by many times." [23:33]
Timestamp: [27:56] – [37:34]
The core feature of this episode revolves around Samson Mow's ambitious projection that Bitcoin could reach $1,000,000 per coin. He outlines six key catalysts, dubbed the "six paths to Omega," which could drive this unprecedented surge.
Institutional Buying: Major players like MicroStrategy (now Strategy B) and ETF issuers such as BlackRock are aggressively purchasing Bitcoin, reducing available supply on exchanges.
Supply Dynamics: With an already limited supply and increasing demand, a supply shock is anticipated by 2027, potentially accelerating Bitcoin's price upward trajectory.
Notable Quote:
JV: "Available bitcoin dries up. And just at the current pace we will have a supply shock I think in the year 2027." [28:01]
Government Investments: The trend of US states like Michigan and Texas establishing crypto reserves is gaining momentum. This institutional adoption suggests a growing acceptance and reliance on Bitcoin as a strategic asset.
US Federal Reserve Possibility: There's speculation about the U.S. federal government creating its own Bitcoin reserve, significantly impacting Bitcoin's valuation.
Notable Quote:
Co-Host: "That my friend, is the hash war." [30:10]
Monetary Redefinition: Proposing a shift from the traditional US dollar to Bitcoin's smallest unit, the satoshi, could radically redefine global value measurement systems.
Potential Valuation Impact: Such a shift could value each satoshi at $1, translating to $100,000 per Bitcoin, aligning with the $1,000,000 target when considering Bitcoin's divisibility.
Notable Quote:
Co-Host: "It's perfect money. It's pristine collateral." [32:29]
Global Adoption Pressure: As major economies like the U.S. consider Bitcoin reserves, other nations may rush to adopt similar strategies to avoid lagging, driven by fear of missing out (FOMO).
Hash Wars: Increased competition among nations to secure Bitcoin reflects strategic geopolitical maneuvers.
Notable Quote:
JV: "Max Kaiser's 2.2 million target for this cycle peak." [30:30]
Shift from Traditional Assets: Advocates like Michael Saylor propose replacing gold reserves with Bitcoin, potentially crashing gold markets and propelling Bitcoin's market cap beyond that of gold.
Strategic Asset Transition: Governments moving away from gold towards Bitcoin would signify a major liquidity shift, reinforcing Bitcoin's role as a global reserve asset.
Notable Quote:
Co-Host: "How many billionaires are there in the world? And eventually all the billionaires will have the bit they don't already." [33:05]
Bitcoin's True Scarcity: Unlike gold, which is continuously mined, Bitcoin's fixed supply of 21 million ensures true scarcity, enhancing its value proposition.
Lost Bitcoins: With an estimated 15 million Bitcoins remaining in circulation after accounting for lost keys, the limited supply could drive exponential price increases as demand persists.
Notable Quote:
Co-Host: "And here's what Samson had to share. There's a lot of confusion on whether bitcoin is still legal tender in El Salvador." [10:06]
Timestamp: [33:26] – [37:41]
JV and the co-host wrap up the episode by reflecting on the broader crypto market dynamics and potential future movements.
Omega Candle Concept: The "Omega Candle" refers to a hypothetical $100,000 surge in Bitcoin's daily chart, potentially leading to unprecedented price movements akin to historical growth rates but at an accelerated pace.
Market Manipulation Concerns: There's acknowledgment of possible market manipulation by large holders like BlackRock and Strategy B, who may suppress prices to accumulate more Bitcoin strategically.
Historical Comparisons: JV draws parallels to Bitcoin's past rapid growth phases, suggesting that similar explosive growth could be replicated more swiftly with the right catalysts.
Notable Quote:
JV: "Imagine just waking up. How long, how many years did it take bitcoin from the inception of the Genesis block to go from zero to 100,000? Something like 15 years. Ballpark, right. So what if it did what it took 15 years to achieve in one day?" [35:37]
In this episode, Justin Verrengia and co-host JV provide an in-depth analysis of Bitcoin's current market landscape, legislative developments, and ambitious future projections. Central to the discussion is Samson Mow's visionary outlook, positing that with the right catalysts, Bitcoin could achieve a monumental valuation of $1,000,000 per coin. The episode underscores the interplay between institutional adoption, government policies, and market dynamics in shaping Bitcoin's trajectory.
For comprehensive insights and live discussions, listeners are encouraged to visit crypto news alerts.net and participate in live Q&A sessions.
Notable Closing Quote:
JV: "Holl at your boy. The Oracle says we will see $1 per set soon. If Blackrock gets out of the way." [34:50]
Stay Informed, HODL On!