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1907: “Trillion Dollar Bitcoin Buy Orders On Tap” - UAE Buys $436M Bitcoin ETF
00:40:26
New filings show that the Abu Dhabi Sovereign Wealth Fund has accumulated hundreds of millions of dollars worth of BlackRock’s Bitcoin ETF (exchange-traded fund)
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- [00:00]
Angel Reese
Huddle up. It's me, Angel Reese. You can't beat the postgame burger and fries, right? Know what else you can't beat? The Angel Reese Special. Let's break it down. My favorite barbecue sauce, American cheese, crispy bacon, pickles, onions and a sesame seed bun of course. And don't forget the fries and the drink. It's gonna be a high C for me. Sound good? All you have to do to get it is beat me in a one on one. I'm just playing. Get the Angel Reese special at McDonald's now. Ba da ba ba ba.
- [00:29]
JV
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- [00:56]
Angel Reese
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- [00:58]
JV
Blinds.com, rules and restrictions may apply. Welcome crypto fam to no. 1 Daily Bitcoin Pod. In today's show I'll be sharing the latest technical analysis. Bitcoin hash rate hits a new all time high. Also Texas Bitcoin Reserve hearing symbolic move for crypto. I'll be breaking down this report as well as Javier Malay risk impeachment after endorsing the multi billion dollar Libra rug Pull W w. We'll also be discussing Bitcoin analyst Plan B transfers his bitcoin to the ETFs to avoid hassle with keys. Very interesting. I'll be sharing my two satoshis on this. We'll also be discussing Bitcoin's giant megaphone pattern sets a 270 to $300,000 bitcoin price target in play as well as Abu Dhabi Sovereign wealth fund reports owning 455 million worth the black rocks Bitcoin ETF and their latest ETF filing and also Nig Bo Kele President of the Free World over in El Salvador Bitcoin country recently met with Michael Sailor and Max Kaiser to discuss Bitcoin adopt including David Bailey. Abu Dhabi has gone in much bigger than today's filing. There's a couple of other GCC members that are making the big moves. Was hoping this would be announced at Bitcoin Mena but they weren't already which means more countries in the Middle east stacking the biddy. 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 1907. I'm your fearless hosts JV and Satoshi. Save me through God of course. And today, Sunday I'll be preaching the holy gospel of Satoshi as we do each and every day. Church is officially in session. Shout out to all my bitcoiners out there holding it down. Happy 420 in advance. We got 430 people on the stream seven minutes from 420 here in Puerto Rico. But anyways 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 we got coin360 pulled up. We got bitcoin correcting but barely only down about 0.33 on the day trading just above 97.300at the time of the live stream. Ether barely in the red. XRP barely in the red. We got Tron and BNB into green and checking out coinmarketcap.com the the current crypto market cap is sitting at 3.21 trillion of the Bitcoin market cap 1.925 trillion. We got roughly 57 billion worth of volume in the past 24 hours meaning volumes down 22% on the day and the bitcoin dominance is right on the cusp of 60% at 59.9% according to coin market cap with ether dominance at 10.1%. Checking out top 100 crypto gainers in the past 24 hours we have Cake leading the pack followed by Sonic and Tron but very modest gains as the majority of the market is correcting and in the red and checking out the crypto bubbles we get a visual perspective on the day. As you can see the bulk of the market in the red. I'd say 8020 red over green and zooming out on the monthly 910 red over green but a lot of these alts correcting massively. 20, 30, 40, 50 plus percent and checking out the crypto gate enter index today we're 54 neutral, yesterday at 50, last week at 46 and last month at 75. In greed and checking out the time chain calendar we are on block height number 884,059. We have 165941 blocks into the next having in 2028 and you can currently exchange one fiat monopoly dollar for 1030 sats. So stack the stats, put down the gats and pick up some bitcoin caps from my man Sergio over@bitcoin caps.net let's dive into today's technical analysis aka astrology for the broskis. But first I want to share some of the breaking news for some tweets I have pulled up for you. Bitcoin price follows the hash as you know new all time highs in play a new record bitcoin computing mining hash rate which means the bitcoin network is more secure than it's ever been. I don't even, no, I'm not even going to pretend to understand how to pronounce this number because 1, 2, 3, 4, 5, 6 commas. If one of you guys know how to say that number, let me know. And checking this out, this is breaking news. Senator Ron Paul or I don't know if it's ran Paul calls for Elon Musk is doge to audit the U.S. gold reserves at Fort Knox to ensure it's still there. My two satoshis tell me I highly doubt the Fort Knox gold reserves are still there because and I mean all of it because unlike the bitcoin network which gets audited every 10 minutes, tick tick tock next block. Gold has not been audited in over 60 years. So smart move from Elon. And do you think they'll actually ever do that or do you think they won't because they're hiding something? You let me know your this episode.
- [06:04]
Angel Reese
Is brought to you by Amazon Business. We could all use more time. Amazon Business offers smart business buying solutions so you can spend more time growing your business and less time doing the administration. I can see why they call it smart.
- [06:17]
JV
Learn more@amazonbusiness.com 2satoshis and yeah, we'll pull up some of the live charts here for you guys via trading view via Coinbase. And again welcome everyone just joining the live stream here we have the live charts pulled up. Happy 420. It is 420 here in beautiful Puerto Rico. And yeah, here you have it. On the one hour chart we have a very bullish 106, 000 target awaiting which you can clearly see in the blue and right under that we have another bul sitting just shy of 104,000 again all on the hourly chart. Zooming out from the hourly we Take a quick look at the 4 hour and the 4 hour says it's going up forever JV. And as you can see we have the orange Super bowl target of 130. Current all time high is 1093 which means when we enter 109 we'll reenter price discovery and the next leg up in my humble opinion will be somewhere between 120 and 130,000. Let me know if you agree. Disagree. We also have another bull target sitting at 104000 on the four hour chart and then there's some bear targets but who cares about what the bears think? You feel me? And zooming out on the daily we are in a bull yeah obviously. So who cares about the bear rising wedgie formation sensation on the daily and zooming out for the weekly we'll still have the sexy cup and handle target which has been on here for months. You can see sitting at 124000 in the pinkish red. When do you think we'll hit that? My two satoshis is telling me before the end of quarter one. Which means meaning we're in the thick of it. We're halfway through Q1 right now. And zooming out from the weekly, take a quick look at the 1 or the 1 month and the 1 month chart shows you thus far for the month of February has been a little bearish. Last month for January we did close in the green and then December was a corrective itty bitty red and then November we had the big Godzilla bitcoin candle appreciation of roughly 30000 via fiat, which was the biggest monthly candle close we have ever seen since the inception of the Genesis block. And if you don't know now you know. But you guys let me know your thoughts. Where do you feel the price action likely to take us next? What are your targets for the end of Q1 or the end of February? Let me know. We're going to be discussing Texas Adoption Texas Bitcoin Reserve Hearing Symbolic Move for the Crypto that's right. The Texas Senate is set to hold a public hearing on February 18th. That would mean Tuesday to discuss the establishment of the bitcoin reserve. But market analysts say the move may be largely symbolic unless the state announces an immediate investment plan. Well, fingers crossed, Brosis. The first public hearing for the establishment of a potential strategic bitcoin reserve in Texas is scheduled February 18th. This Tuesday, less than a week after the bill was received by the Secretary of the Senate. Getting ish done According to the Texas government website is outlined right here on your screen under Bill SB21. That's a blackjack baby. Despite being a positive step for the bitcoin adoption, the hearing may only represent a symbolic move for the crypto markets. Texas considering Bitcoin as a reserve asset is another chess move and the Bitcoin march towards institutional legitimacy. But state level initiatives often make ripples, not waves compared to the ETF inflows or corporate treasury allocations. Quoting them here. Unless the hearing unveils a near term purchase plan or a major policy shift, the market's response will likely be mild as Texas's pro crypto stance is already well known. Let me know if you agree disagree with that. Bitcoin has lacked the upside momentum trading under the hundred thousand psychological mark the past nine days since since February 7th. In the near term, Bitcoin will remain pressured by the ongoing trade tensions between the US And China, according to Vgar Chief Operating Officer over at Biget. Quoting him here While this headwind remains in the market where President Trump eyeing more tariff hikes in the coming week, Bitcoin traded with resilience and with the US Retaining its stance as the largest capital market, geopolitical dungeons may continue to witness the headwinds for the biddy. And while positive news around the Bitcoin reserve legislation is a welcome sign of continued institutional adoption, or as I say, institutional fomo. Like a mofu, Bitcoin's trajectory is mainly driven by the U S Fed's monetary policy path. As a outline here, crypto markets tend to price in expected developments. And while this hearing may add to Bitcoin's long term adoption story, macro forces like the Fed policy and regulatory shifts remain the real power players and shaping the Bitcoin trajectory. I dare say Bitcoin's on its own trajectory and Bitcoin doesn't need nobody. We need the biddy. And that goes for the politicians, the countries, the sovereign wealth funds, all that. Texas's push for the Bitcoin reserve reflects the broader economic and political shift. Other states are also implementing similar legislation. You got Kentucky became the 16th U S state to introduce legislation aimed at establishing the Bitcoin reserve, allocating up to 10 of the excess state reserves and digital assets. And now there's roughly 30 U S states proposing some form of Bitcoin adoption, whether it's a strategic reserve or for the treasury or for the pension fund or the sovereign wealth funds. Etc. So sign of the times as the global hash wars continue.
- [11:24]
Angel Reese
I can say to my new Samsung Galaxy S25 Ultra hey find a keto.
- [11:28]
JV
Friendly restaurant nearby and text it to Beth and Steve.
- [11:31]
Angel Reese
And it does without me lifting a finger so I can get in more squats anywhere I can.
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JV
1, 2, 3 will that be cash or credit? Credit.
- [11:41]
Angel Reese
4 Galaxy S25 Ultra the AI companion that does the heavy lifting so you can do you get yours@samsung.com compatible select.
- [11:50]
JV
Apps requires Google Gemini account results may.
- [11:52]
Angel Reese
Vary based on input.
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JV
Check responses for accuracy around the world, but let's continue with the news. Here's the latest with Javier Milei I'm sure you've heard the news we touched upon yesterday. Javier Malay, who is the President of Argentina risk impeachment after endorsing a 107 million Libra rug pull which led to billions of dollars being wiped out of the market cap within minutes upon launch. Which is mind boggling to say the least. Well, let's break this down and I'll provide some satoshi insights for you. Argentine President Malay is facing calls for impeachment after endorsing a crypto project that collapsed and what analysts are calling a massive insider scam. Womp womp. The Solana native Libra Token started its rally on Valentine's Day February 14. Shortly after Malay posted about the project on X. Formerly Twitter is now deleted posts. Why are we deleting posts here? Javier included a website and contract address for the Token which was a private project dedicated to encouraging the growth of the Argentine economy. I mean here's the receipts right here. Javier Malay posted this clearly. As you can see now, the Libra Token briefly rose to a peak market cap of four and a half billion at 10:30pm Feb. 14 before falling over 94% to a 257 million market cap in just 11 hours since the Token debuted for trading on decentralized exchanges according to the deck screener data. And here's an actual picture of their chart, the all time chart which oh my God. Depressing. Malay may now face the risk of impeachment. Was it worth it Javier? After Argentine's Fintech Chamber acknowledged that the case may be a rug pool, clearly looks like one. Quoting Reuters this scandal which embarrasses us on the international scale, requires us to launch an impeachment request against the President. Interesting. And that was according to the opposition lawmaker Leonardo Santoro. And after the tokens collapse on February 15th. The following day Malay issued a statement noting he was not aware of the details of the project when he endorsed it, and that he has no connection whatsoever with the private enterprise that launched the Token. This is why you don't put your name on anything besides Bitcoin because it's destined to be rugged, it's destined to fall apart and people are destined to be wrecked. And that's precisely what just happened here. And some people just never seem to learn their lesson. Malay also added that his political opponents will look to take advantage of. Well, of course they will, quoting them here to the filthy rats of the political cast who want to take advantage of this situation to do harm. I want to say that every day they confirm how vile politicians are and they increase our conviction and kick them in the ass. You know, every time you point a finger at someone else, there's ten fingers pointing right back at you, Javier. I mean, come on now. But anyways, as requested, Malay, the anti corruption office is going to investigate all the government members, including the President himself for potential misconduct, according to their statement on X issued by the Presidential office. The statement also revealed that Malay held a meeting with KIP Protocol Representatives on October 19, 2024 in Argentina where the company informed him of the Libra blockchain project and its aims to finance the private ventures of the country. Malay also met with a mysterious crypto entrepreneur, Hayden Mark Davis at Casa Rosada January 30, who was presented to the President as an infrastructure partner of the project, quoting the KIP Project right here. All information gathered during the investigation will be handed over to the courts to determine whether any of the companies or individuals linked to the KIP Protocol project committed a crime. And despite Malay deleting his initial endorsement, at least eight insider wallets linked to the Libra team managed to cash out 107 million worth of liquidity. Definitely not a good look. This was doomed from the very beginning. This included 57 million a USD coin and 249000 Solana worth 50 million according to look on chain. Insider wallet started cashing out on the token only three hours after debuted for trading. Kind of reminds me of the Hawk Tua launch, causing it over a 94 decline. So as you can, definitely not a good look. And now for some insights. I actually put up this poll yesterday, got 107 votes and there's still six hours left if you want to contribute to the vote. You'll notice it on my timeline on X. But I said Javier Malay, is he controlled opposition? Is he bitcoin incompetent? Is he a coiner or all the above? 49.5 of you say all the above, 24 of you say he's just a coiner, 19 say he's just incompetent when it comes to bitcoin. And six and a half percent of you say he's just controlled opposition. Now here's a very powerful actually. And then I have that one pull up. It might be back here. Let me see here. I guess I don't have it. I may have took over it, but anyways, Jameson Lopp had something stating and I'm gonna paraphrase him, but something like if presidents of countries are launching their own meme coins to rug people and get people wrecked, then do you genuinely.
- [16:56]
Angel Reese
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- [17:24]
JV
Edu do not think that the government will confiscate the bitcoin through the etf. And I'm paraphrasing, but that was the quote and I to me, that makes a lot of sense. He also put here Trump tweeted, he who saves his country does not violate any law, which is a very profound quote and I couldn't agree more with Trump. But Jameson Lopp, some great insight here. Prove it. Trump, pardon Snowden. We all know Edward Snowden is one of the good guys and that he was exposing crimes our own government was committing. So if this quote is true from Trump, we need to pardon Edward Snowden and also Julian Assange. I just want to throw that out there. And until that happens, this is not true in the United States of America. But I digress. Let's Discuss these Bitcoin ETFs Plan B transferred his Bitcoin to the ETF to avoid a hassle with keys. And this was actually the quote I wanted to share from earlier. You think presidents of countries will rug pull you with meme coins, but they won't seize your bitcoin held by custodians. And I think he makes a fantastic point. I think people give the US Government way too much credit and trust and to me it will never make sense why you trust your government who threw us underboard freaking decades ago. So shout out Jameson Lop. I think the same exact way. And it's Max Geyser who's been predicting that they will seize the bitcoin ETF btc. Especially when you got presidents rug pulling you through coinery. Which is precisely what we've been witnessing in the market. Yeah, I mean mean. So here's what he also wrote. When you self custody bitcoin, you're strengthening the network. Facts. When trusted third parties hold your bitcoin, you weaken it. I think he makes a great point there. But let's dive a little deeper into plan B. He revealed he moved all of his bitty from self custody into the Bitcoin ETF in an effort to manage his bitcoin the same way as traditional assets, which really defeats the purpose of holding bitcoin in the first place. But I digress, quoting them here, I guess I am not a maxi anymore, he shared, explaining that he moved his bitcoin into spot bitcoin etfs so he can manage his holdings more like equities and bonds without the complexities of self custody. Is self custody really that complex? I think not. But let me know your thoughts Broskis not having a hassle with the keys gives me peace of mind. I think the opposite. If I didn't hold my own private keys, I wouldn't have any peace of mind because I don't trust the government, I don't trust the custodian, I don't trust blackrock, I don't trust none of these clowns, but that's just me. But anyways, while bitcoin maxis and CIS users should always control their own private keys instead of holding their big one on centralized exchanges, self custody comes with the responsibility of keeping those keys safe from hackers. It's really not rocket science, brisky thieves and other bad actors. But this was the official announcement and when I first read it, my first two satoshis is like, oh, it's probably April Fools. And then I'm like wait jv, check the calendar. We're still in February. That's not an April Fool's joke. He's being serious. He transferred his bitcoin into the ETFs. Oh my God. Nacho keys. Nacho cheese. But anyways, Lucas Keith Lee, Chief Investment Officer of Yield App, shared that from a returns perspective, Spot bitcoin, E test, future retest and direct Bitcoin investments are essentially the same thing, not with the only difference being the management fees associated. It's not the same thing because if you don't own the private keys, you don't own the bitcoin. Whoever the custodian is is all you have is an IOU that says you own the bitcoin. Not the same thing. I got to make that clear. Plan B received mixed feedback from his 2 million followers after the announcement. He admitted he had no IDEA the Bitcoin ETFs were so controversial. Is he. Is he living under a rock? I just find this whole thing hard to believe, he wrote. In my view, ETFs are the logical step in bitcoin adoption next to holding your own keys. Out of curiosity, would it be different in your opinion if I were to have bought Micro Strategy instead of an etf? Or would that be equally evil? Dan Hell chimed in, that's not about being a maxi or not. It's about the individual decision of having an asset in your control. Control or not, do you trust yourself or do you trust someone else? And clearly this guy doesn't trust himself. I mean, I can't make any more out of it. Thank you, Dan Held. Now some users question whether the transfer would trigger a taxable event. Plan B said that selling isn't taxable in his case since his tax residents are in the Netherlands, where there's no capital gains tax on realized gains. Instead, there's an unrealized capital gains tax, otherwise known as a wealth tax. The government assumes you make 6% return on your entire wealth and you pay 30 tax. Damn. So you pay 2% of your entire net worth every year. Good lord. Bitwise Investment chief manager Matt Hoogan said the U S body going details could be on track to see over 50 billion of inflows this year. So far so good. Spot big on each test. Pulled in 5 billion in January which annualizes to 59 billion December. Hoogan and Bitwise had a research predicted the Bitcoin ETF inflows would surpass those of 2024. I'm going to read this quote one more time. You think presidents of countries will rug pull you with meme coins but they won't. Seize your bit. Yelled at custodians My dad works in B2B marketing.
- [22:30]
Angel Reese
He came by my school for career day and said he was a big roas man. Then he told everyone how much he loved calculating his return on ad spend. My friends still laugh at me to this day.
- [22:41]
JV
Not everyone gets B2B but with LinkedIn you'll be able to reach people who do get a $100 credit on your next ad campaign. Go to LinkedIn.com results to claim your credit. That's LinkedIn.com results. Terms and conditions apply. LinkedIn the place to be. To be. I mean. Let me know if that resonates with you guys and let me know either way, I mean teach their own you do have the right of free will. I mean you want a custodian or an exchange centralized to hold your bitcoin, which defeats the purpose of why bitcoin was created in the first place. We're here to cut out the middleman. But I mean you. You guys let me know your thoughts and I read these comments out loud. But what we should be discussing here is the 270 to 300,000 bitcoin price target. That's right, the bullish megaphone pattern. Let me know if you're familiar with the megaphone bull pattern, also known as the broadening wedge forms when the price creates a series of higher highs and higher lows. As a technical rule of breakout above the pattern's upper boundary may trigger a parabolic rise. And this is an example of a parabolic rise sending us to 300,000 per coin. Back in November, Bitcoin broke above the patterns upper trend line and has since consolidated above it. Laggins Chart Highlights base 1, base 2 base 3 base 4 step like accumulation structures supporting the orderly price discovery process before the bitcoin parabolic ascent. Here's an example of base 1 mark the end of the bear market at the megaphone's lower boundary base 2 a bear trap that shook out the weekends before the bitty reclaimed support base 3 a price expansion phase confirming the step foundation with the higher highs and base 4 the final consolidation before the breakout signaling that price discovery is well underway. Send it and here you can see in the chart the parabolic curve step like formation sensation sending the pretty little bitty above 300 GS now. Meanwhile the Elliott Wave theory projects Bitcoin's breakout targets mapping the price trajectory following successive accumulation phases within the megaphone pattern. His analysis suggests Bitcoin is now on wave five, the final and often most parabolic like phase of an impulse wave. And as a rule wave 5 tends to extend to the 1.618 to 2 point X the wave of the length of wave 3, aligning with the Fibonacci base price targets inside the 270 the 300,000 price range by 2025. You let me know your thoughts. Do you think we'll likely hit 270 to 300,000 this year in 2025? Hollow now an analyst compared to Bitcoin trajectory to the goal historic rise suggesting Bitcoin can follow a similar path as high as 400 GS which is right in alignment with JV's base case 420 for the Broskis using the power law model. Yet of course this normalizes against the gold market cap. The analyst noted the Bitcoin has never moved more than five years ahead of the trend line, indicating further upside potential. The bullish outlook is largely driven by the biddies increasing adoption as a Treasury asset amongst the companies, mirroring gold's role as a store of value. And what's the gold market cap at today's price? Probably between 1720 trillion hollow. Let me know. Even traditional financial giants like Italy's Intesa Sao Paulo have begun integrating the Bitcoin into their holdings. Let's go Italy. Signaling growing institutional confidence in the biddy as a legitimate asset class. Historically, gold has been the safe haven asset for the governments and institutions and Bitcoin is now being positioned similarly, especially with President Trump considering a strategic Bitcoin reserve. But let's all hope he doesn't turn it into the Bitcoin reserve. And looking further ahead, Timothy Peterson predicts Bitcoin can surge to 1 1/2 million by 2035. Why so bearish Timothy? Citing the network growth and historical adoption curves. Meanwhile, Ark Invest CEO, the one and only Kathy Wood, always up to no good, expects Bitcoin to reach the same price target of 1.5 million by 2030. Let me know if you agree disagree with Kathy Wood and the rest of the famine lamb and the 400,000megaphone target. Now for our feature story of the day. Optimistic Abu Dhabi Sovereign wealth fund reports owning 455 million-plus worth of the BlackRock Bitcoin ETF in their newest SEC filing. I'm going to break this down for you also as you can see in this headline, Naijibu Kele and Michael Saylor, Stacy Herbert and Max Kaiser just met at the Bitcoin office over in El Salvador. And I'm also going to give you the latest from Max Kaiser who recently tweeted Max and Stacy strike again. The Mideast dam of demand has burst. Trillion dollar buy orders on tap. I repeat trillion dollar buy orders on tap. God candle incoming 2.2 million dollar biddy in play. Also as you can see here, David Bailey, CEO of Bitcoin Magazine wrote Abu Dhabi has gone in much bigger than today's filing, meaning they own a lot more Bitcoin than they're even announced announcing. There is a couple of other GCC members that are making moves too. Was hoping this would be announced at the Bitcoin Mana conference but they were not ready. Remember when we told you there's insiders. We have information. Big buys are happening in the middle east that oil money is going right into the biddy. We weren't telling any lies. We have the insights. We're just sharing what we know. Max also tweeted here Bitcoin country requires fighting on two front fronts. Number one, building a strategic reserve to prepare for ourself.
- [28:02]
Angel Reese
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- [28:31]
JV
Destruction of the fiat money entrenched monopolists like the US dollar pushing central banking cartels and the global scammers like the imf World bank and you said number two to prevent shitcoinery and shitcoiners from entering the country by any means necessary. And El Salvador is the most successful country fighting this two front world war bitcoin. And it looks like wannabe countries like Argentina and the US US are losing. Fact the world is heading to a Bitcoin standard. No fiat money, central bank or globalist show like the IMF survives the imf. The Bitcoin office established the battle plan for El Salvador to win the global hash war in 2022 and the plan is working brilliantly. Never interrupt your enemy when he is making a mistake. Quoting Napoleon once again. Never interrupt your enemy when he is making a mistake. Max also announced here the President has instructed his protocol team to clear his calendar for next year's Max and Stacy Invitational and my understanding is tickets will go on sale again in May and they'll probably sell out within 10 minutes, so make sure you're on the waiting list if you're not already. It's max and stacyinvitational.com and if you don't know, I attended their event this year about a month ago. It was February 10th and the 11th and it was the greatest event I've ever been to for bitcoiners. And you guys already know. I talked about it all the time but I love Max and Stacy and what they're doing in bitcoin country and I would not miss their event. If you get the opportunity to go, take advantage of it. And he even announces here I just bought a sponsorship for strategy as my personal guest. So what does that mean? Michael Sailor and Nig Buel are heading to the Max and Stacy Invitational 2026 in January. So I'm pretty stoked for that. I've never had the privilege of meeting Sailor or Bukele and they're both on my bucket list. I mean that, that would be a dream come true. So shout out Max and Stacy doing big things there in bitcoin country now. Also breaking news, Bhutan now owns a billion dollars worth of bitcoin. That's pretty big considering how small of a country they are. Nation states are here and this is just who is willing to admit what they own at this current time. But let's dive deeper into the UAE and the Abu Dhabi Sovereign Wealth Fund accumulating hundreds of millions of dollars worth of the BlackRock Bitcoin ETF according to the new filings with the US SEC. So it is official. Earlier someone asked ask how are you vetting this news that is actually true. I mean it's obvious it's it's a done deal. They announced they stockpile 455 million worth of the asset management giant iShares Bitcoin Trust ETF which we know as IBIT, the UAE wealth fund was established all the way back in 1976 to promote economic stability and prosperity for the nation. Then in December, Reuters reported that the fund became the world's top wealth fund spender, passing even Saudi Arabia, the Kingdom of Saudi Arabia. And since the launch Of January of 2024, IBIT became the largest ETF by CAP based on flagship digital asset and talking about the biddy. And in November it was found that IBIT surpassed its gold counterpart in terms of the net assets despite Black Rock's gold ETF launching nearly two decades earlier. To put that into perspective, the bitcoin volume eclipsed that of gold with the ETF for the btc. And it only took one year for Bitcoin to eclipse what took two decades for the yellow precious metal. Is it really that precious? I don't even know. And according to the reason Bloomberg report, BlackRock secured the commercial license to operate in Abu Dhabi just just last year. Instead it did so to work and move more closely working with the sovereign wealth fund, wealth managers and investment vehicles in the area. And as stated by Charles Hatami, head of the Middle east for the Black Rock to Bloomberg, Abu Dhabi has rapidly transformed into a global financial center. Its strategic location, proactive government policies and commitment to the sustainable growth make it an ideal location for the Capital markets. Preach. And as you know, these gangsters. Yeah, I mean, I mean that in a gentle way. Obviously they're not criminal gangsters, which is bitcoin gangsters if you're to ask me. These are some of the biggest proponents for bitcoin leading the world in bitcoin adoption. They just met up Nig Bu Kelly, Mikey Sailor, Max Geyser, Stacy Herbert. Yeah. The meeting of Bukele and Sailor was confirmed by the country's national bitcoin office. They shared all the photos. However the details of their conversation are top secret. But we know it's about supporting the bitcoin. In supporting bitcoin country, Aboueli and Sailor posted photos of their meeting on social media with Sailor mentioning. They discussed how El Salvador could help speed up the global bitcoin adoption. I mean there you have it. I mean this man right here on the left, Micro strategy has close to 500,000 of the bitty. And the man on the right, you know, obviously President Bukele, I believe their bitcoin reserves are now surpassed 6000 BTC which is over like half a billion dollars worth of bitcoin. Let's get into the more precise numbers. El Salvador added one more Bitcoin to his reserves bringing his total to 6,077 BTC worth 590 million. In addition, Michael. Michael Strategy Micro Strategy, now known as Strategy B purchased 7633 Bitcoin bringing us.
- [33:26]
Angel Reese
Total to this episode is brought to you by bank of America. What if your business could see beyond what is and into what can be? And what if you had a partner as visionary as you are? Bank of America gives customers access to trusted experts, real time insights and digital tools to make every move matter. What would you like the power to do? Visit bankofamerica.com banking for business. Bank of America is proud to be the official bank sponsor of FIFA World Cup 2026.
- [33:57]
JV
478, 740 at the Biddy worth over $46 billion in 2021. El Salvador was the first, first country to make bitcoin legal tender. But as you know there's been a lot going on with the IMF. Bukele recently accepted a 1.4 billion dollar deal and then he started doubling down on his bitcoin purchases. But it is voluntary if you do want to accept bitcoin in bitcoin country, just FYI and I know from first hand experience because I spent a week there and I was using bitcoin when I was paying for my papoose and some of the vendors accept it. Some of the vendors don't. But Bukele never forced people to only accept bitcoin. You always had the option US dollar which is a currency or bitcoin which is a currency. And then of course you have tether usdt which is considered an unregistered I'm sorry it's considered a registered security. Then all the other altcoins and stable coins are considered unregistered securities and are illegal to promote in bitcoin country. And if you don't know now you know. The meeting may have covered topics like bitcoin adoption, regulatory changes, investment opportunities. Also discussing El Salvador's bitcoin strategy amid the IMF conditions and the future of crypto payments in the country. I mean those are the OGs. And of course Max is calling for 2.2 million in play. He's been telling us this God candle incoming trillion dollar buy orders on tap. Let that sink in. Because. Because all that the UAE just announced was roughly a half a billion dollar buy. Could you imagine trillion dollar buy orders on tap. That means income and family. 2.2 million in play. Let me know if you agree disagree with the high priest a bitcoin and what are your thoughts? Holla at your boy and I'm gonna read your comments out loud. And don't forget to check out cryptonewsalerts.net for the full premium experience with video. And to part two, participate in our live Q A and I look forward to seeing you on tomorrow's episode Hoddle.