
Ark Invest CEO Cathie Wood predicts Bitcoin could soar to $1.5 million by 2030, as per Ark Invest’s Big Ideas 2025 report.
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JV
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Max Keiser
Welcome crypto fam to no. 1 Daily Bitcoin Pod. In today's show, I'll be sharing the latest Bitcoin technical analysis as well as Bitcoin lead's first major weekly crypto ETP outflows of this year at $430 million. We'll also be discussing why Bitcoin is better than the Fort Knox gold which hasn't been audited in roughly 60 years. We'll also be discussing Sleuth says new evidence links Jack Dorsey to Bitcoin like never before Is Jack Dorsy Satoshi? We'll be discussing this as well as Argentine lawyers hit Javier Malay with fraud charges over a class action Le Libra lawsuit. Other headlines Meme Coin critics only when left out of the insider deals. According to the Libra founder who was just interviewed by Coffeezilla in which I watched this morning. I'll be breaking this down for you as well as Libra creators tied to Melania and other short lived meme coins. All this we'll also be discussing the latest from the High Priest Bitcoin Max Kaiser as well as Bitcoin's path to 1 1/2 million arc invest is ultra bullish Bitcoin Road Map via Cathy Wood. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again that's crypto News Alerts. Today is pot episode number 1908. I'm your host JV. It is Monday President's Day. So happy President's Day. It's February 17, 2025. Markets are correcting Bitcoin maintaining above 95,600 at the time of the live stream, but down roughly 1400 on the day. And kicking it off with our market watch as we do each and every day. You should be able to see coin360 on your screen. Bitcoin 958, we have ether finally back in the green above 2700 but very modest gain on the day as the majority of the alts are correcting. And in the red, checking out coin market cap dot com. The current crypto market cap sits at 3.17 trillion. The Bitcoin market cap just shy of 1.9 trillion. We got roughly 93 billion worth of volume for the past 24 hours up 63% on on the day. And the Bitcoin dominance is 59.7% with the Ether dominance at 10.3%. And checking out top 100 crypto gainers past 24 hours we got Sonic up seven and a half percent, Optimism up six percent and Bara of five percent. Let me know which alts, if any you're bullish on. For the bull holla. And checking out the crypto bubbles, we get a visual perspective on the daily and I would dare say maybe 6040 red over green. Zooming out on the monthly it's like 9010 Rec City Red over green. And checking out the crypto get infer index. Today we're at 51 neutral, yesterday at 54, last week at 43 and last month of 77, an extreme grade. And checking out the time chain calendar, we have 165,800 blocks until the next having of 2028. And we're on block height number 884,200. And you can currently exchange one fiat monopoly dollar for 145 sats. So pick up the sats, put down the gats and pick up some bitcoin caps from a man Sergio over@bitcoin caps.net. yeah, some astrology for the Brosis. Let's pull up some of the live charts. We'll start with the one minute, work our way back. So here on the one minute chart, this is live and in the flesh via Coinbase, via Trading View. For those that don't know, Coinbase is the largest crypto exchange at least in the United States. So we typically use this for our charts. But as you can see, we do have a target sitting at 969 on the one minute chart. We're currently sitting just above 957 in the flesh. And we also have a green target Just north of where we're currently at but still just shy of 96. And zooming out from the one minute we'll go to the one hour. One hour chart has a rising wedge formation. It's been trading sideways here today and a little downwards but nonetheless we still have some bull targets you can see on your screen. One of them in the blue sitting just shy of 106,000 which would take us about 3,000 away price discovery which means the current all time high. Next leg up in my humble opinion is going to take us between 120 to 130,000 once we could re enter price discovery. And checking out the red target also bullish just shy of 104,000. All this on the one hour chart. Zooming out from here. Take a quick look at the four hour the four hour chart says we're going up forever. JV there is the orange bull target of 130,000. Let me know when you feel we'll likely reach.
JV
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Max Keiser
Time this target and we do have some other targets as well as a rising wedge we have 109,000 target which would take us right back to price discovery. And we also have the red Bull target just shy of 104,000. Zooming out from the four hour take a quick look at the daily the daily chart been also going ranging sideways. No specific bull targets here but we do got some bear targets. One of them at 68. 7. Now the only bullish like influencer that I can think of is Arthur Hayes right now. He's been calling for 70,000 before we rip forward but I am skeptical and sus I don't think we hit that bottom target. I personally feel the bottom is in but what do I know you guys let me know your thoughts. And zooming out from the daily take a quick look at the weekly the weekly chart says we have 124,000 cup and handle target in play. We did get a weekly close yesterday Sunday around 6pm and it looks like it was a itty bitty red candle. And zooming out from the weekly here's a quick look at the monthly and on the monthly chart as you can see thus far for February we're forming an itty bitty red. Last month for January was itty bitty green. December Itty bitty Red and November was the most bullish candle we have seen since the inception of the Genesis block. And if you don't know now, you know. Next story headline reads after the what is it called? The freeze frame of course Bitcoin leads the first major weekly crypto exchange traded product outflows of the year at 430 million. That's right. Crypto ETPs recorded 415 million of outflows of the past trading week. Probably a part of the reason why we haven't been pumping with Bitcoin leading the sell off with 430 million of outflows. Bitcoin ETPs are bleeding, which was softened by the inflows of the ETPs tracking the alts such as Solana, XRP and SUI coin shares. Research head James Butterfield attributed the outflows to the echo macroeconomic concerns, specifically the U S Fed Chairman Jay Powell's remarks urging patience on rate cuts, along with the higher than expected U S inflation data. The crypto ETP outflows last week ended in a week inflow streak which began amid optimism surrounding the US Presidential election. The multi week inflow streak resulted in crypto investment products amassing 29.4 billion, far surpassing the 16 billion which was recorded in the first 19 weeks of the US Bot ETF launches that began January 11th of last year. Now I mean this chart says it all here. Weekly crypto asset inflows by the numbers of the week in late 2024 and early 2025. Now also analysts said Bitcoin is highly sen to the interest rate expectations and thus it bore the brunt of investor outflows. Interestingly, there are no corresponding inflows into the short Bitcoin products which instead saw outflows of 9.6 million. Solana and XRP leading the inflows. Ironic enough, Ether ETP saw a minor outflow of 7 billion last week. Other alts such as Solana and XRP were the biggest winners. Solana saw the largest inflows of any asset, probably because a lot of these meme coins that are launched the pump and dumps are on the Solana network is my two satoshis on that one. Even the I think the Javier Malay Libra coin was also a Solana meme coin as well. So Bloomberg ETF analyst Eric Balchunas and James Safart said the Solana ETF has a 75 chance of approval by the SEC this year in 2025 and they gave XRP a 65 chance. So there you have it. But Next story, let's discuss this Fort Knox ordeal. Headline reads bitcoin fixes this. Here's why bitcoin is better than the Fort Knox gold. And I'll share with you a couple of tweets and then we'll dive into the story someone shared the other day. Senator Rand Paul calls on Elon Musk's Doge to audit the U. S. Gold reserves at Fort Knox to ensure it's really still there. My first instinct I, you know, reposted. I highly doubt the Fort Knox gold reserves are all still there because unlike the bitcoin network which gets audited every 10 minutes, gold has not been audited in over 60 years. And someone wrote here earlier, this was actually breaking news. The Reserve bank of Australia confirmed the existence of fake gold bars being held at the bank of England. Don't trust verify hashtag bitcoin. So if there's fake gold bars sitting at the bank of Australia, I'm pretty confident there's going to be fake gold bars everywhere where it's not audited. Shout out Max Kaiser for bringing this story to my attention. And now let's dive a little deeper. The crypto community is rallying around a renewed push for an audit of the US Gold reserve stored at Fort Knox As Senator ran, Paul calls on Elon's Department of Government Efficiency to investigate. The Kentucky senator on February 16th invited Doge to conduct a gold reserve audit of Fort Knox to ensure it actually stores 147 million ounces of US department or treasury gold, which is roughly 4,600 tons. Good Lord. Imagine trying to travel. I can say to my new Samsung Galaxy S25 Ultra. Hey, find a keto friendly restaurant nearby and text it to Beth and Steve. And it does without me lifting a finger so I can get in more squats anywhere I can. 1, 2, 3.
JV
Will that be cash or credit?
Max Keiser
Credit.
JV
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Max Keiser
With that crazy. Paul's calls to audit Fort Knox reserves came in response to must address in a query from the libertarian financial blog Zero Hedge, which highlighted that the reserves have been unchecked for 50 years since 1974. What can go wrong there? Subject to many conspiracy theories, the question of Fort Knox gold reserves makes a good use case for bitcoin, which many bitcoin advocates, including Senator Cynthia Lus, say bitcoin fixes this. That's A fact, Jack. Wyoming Senator Lummis shared to reiterate her call to establish a state bitcoin reserve of the US Quoting her here. Bitcoin fixes this. A bitcoin reserve could be audited anytime 24, seven with a basic computer. That's right. And the entire network is audited every 10 minutes. We get a new block. So unlike physical goal, which requires external audits and trust from third parties that don't deserve our trust, Bitcoin allows anyone to verify ownership, supplying transactions on the blockchain without the need for intermediaries. Run your own node, Broskis. Now, with gold, you have to trust the auditor. And guess what? I don't trust the auditors. Do you guys? With bitcoin, anyone can be the auditor. And that's very well said. Despite its historical status as the universal store, value, gold face issues with counterfeiting. Well, of course, while the US Holds the largest gold reserves globally, concerns over the fake gold bars have emerged emerged in the recent years. And with gold prices constantly rising, cases of fake gold have not been uncommon. Back in 2019, the CEO of Swiss Metals refinery Val Combi acknowledged that gold forgeries were increasingly sophisticated, suggesting thousands of fake gold bars may have gone undetected. And over the years, I've read tons of stories with gold bars being replaced by tungsten and things of this nature. That's why this does not come as a surprise to yours truly. But in contrast, bitcoin cannot be faked or diluted. You can't fake the bitty. Only 21 million Bitcoin will ever exist with each satoshi, the smallest unit of bitcoin being trackable on chain. That's right. One bitty can be divided by 100 million satoshis. Now quoting Max Kaiser right here, the one and only. You can't counterfeit bitcoin. It is the only perfect hard money medium of exchange humanity has ever encountered. To own some is to declare freedom from tyranny and governments while declaring sovereignty of self. Very well said. Bitcoin provides individual sovereignty. We cannot say the same about gold. And fiat, which perpetuates war and violence. And if you don't know, now you know, crypto, Broskis. So let me know your thoughts. Do you think the gold is really all there or do you think they pull the fast one? Holla at your boy. And the other question, do you think they'll actually audit the gold reserves? As a former auditor, I am offended. I'm sorry to hear that, Lace. No disrespect to the auditors doing their job, you know, making, you know, decent livings, doing so I'm talking about there's probably people who are paying the auditors to do crooked things, I would imagine because the lizard folk are at the very top and they're just not honest people is all I'm trying to say. Yeah, I mean it's kind of like it's not that the US government is bad people because it's made up of a collective of individuals that are hard working, good individuals. I know people who work for the government who I love. But the thing is, the people in control of the US government are maybe not that trustworthy. That's all I'm trying to say. So no disrespect to the auditors, but I think we should keep everyone accountable and just audit the auditors. Why not? Just saying it's long gone, says Jerome Smith. Yeah, my my guess it disappeared decades ago and it's probably all fake. My assumption. But what do I know? Next Story of the day Some believe Jack Dorsey to be Satoshi Nakamoto this this article caught my attention. Sleuth says new evidence links Jack Dorsey to Bitcoin like never before. He does walk around with that satoshi shirt all the time. Just saying. American entrepreneur Jack Dorsey has again been theorized as secretly being bitcoin synonymous creator Satoshi Nakamoto in a expo sparking debate again over the one of crypto's biggest mysteries to date now February 15, the post said, president and chief editor of the financial news website DeBanked compiled a large list of facts, numbers and dates related to bitcoin, and he says it also connected to Dorsey, who has been one of bitcoin's strongest advocates for over a decade. Others, however, argue the evidence is not definitive. Jack Dorsey, who co founded Twitter, now known as X and digital payment firm Square, denied being Satoshi in an April 2020 interview with Computer scientist and podcaster Lex Friedman, stating no. And if I were, would I tell you that's exactly what Satoshi would say. I'm just saying. However, Murray says he believes Dorsey is probably satoshi, noting Dorsey had shown cypherpunk tendencies since at least 96 the same.
JV
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Max Keiser
Edu had the patent on digital currencies. If you don't know, look that one up while studying computer science at college, such as wearing hash cash inventor Adam Back's RSA shirt while later writing a manifesto and 2001 about making a mark in the world without leaving a trace. I mean, that's pretty powerful words right there, but one of Murray's most notable observations was the bitcoin first transaction took place on Dorsey's mother's birthday January 11, while the last bitcoin block mined by Satoshi supposedly happened on his father's birthday, March 5th of 2010. That is very interesting to reply to the thread. However, Bitmex research scrutinized the theory, noting that it became increasingly difficult to when Satoshi mine blocks as the Potoshi pattern gradually degraded over time. Murray also said that Satoshi supposedly signed up to the bitcoin forum on Dorsey's birthday November 19th. So all these dates just big coincidences. What are your thoughts, Brosis? Meanwhile, Murray claimed the original bitcoin source code documents are all timestamped at exactly 4am Though it isn't clear which time zone a time Dorsey once had. In his Twitter profile, Murray claim Satoshi is said to have used brute force to create the bitcoin addresses, including one beginning with JD2M, which Murray claims stand for Jack Dorsey to mint. Interesting. Which he says is a reference to Dorsey's former residence at the 2 Mint Plaza in San Francisco. Dorsey of course hasn't confirmed this. Satoshi's GMX email was also hacked September 8th of 2014 and Murray claims to hacker tried to extort Satoshi by sharing that he knows about his connection to St. Louis, Missouri. Dorsey was born and raised here. Wow, there's just so many coincidences. Bitcoin and Satoshi in 2009 was a combination of my childhood and my curiosity and everything that I aspired to be and everything I loved. And that's a quote From Jack Dorsey October 27, 2023. Murray claims Satoshi also accidentally logged into the Internet relay chat 1-10-09, which showed a real IP address based in California, where Twitter was based and where Dorsey spent most of his time. Again, he's from San Francisco. Satoshi told on the bitcoin forum not to donate bitcoin to Wiki Leaks, said Murray, while noting Twitter was hit with a secret court order to turn over all the information it had on Wiki leaks nine days later, December 14th. Dorsy wasn't the CEO of Twitter at the time, but remained on the company's board. Murray claims Satoshi last logged into the bitcoin forum the day before December 13th. Murray supposedly linked supporting evidence to back his claims. In 10 to 15 chapters he written end Dorsy ties to to Satoshi, and he's been working on the evidence since at least December 23rd of last year. Dorsey had not addressed these posts nor denied any of them. Several users argued that it's hard to believe Satoshi, a creator of Uncensored Money, would then censor information, as Dorsey's Twitter did following the US government intervention. Well, you have to keep in mind he did not have a choice. I'm sure they probably just would have imprisoned him like they would anyone else, like a Mark Zuckerberg if they didn't play ball. Just keeping it 100 when you have that type of power and owning a social network, you kind of have to play ball with the government or risk prosecution in my humble opinion. How does Elon get away with it? That's another story for another time. But anyways, others raised doubt over whether Satoshi would wear a satoshi shirt in public. And that's precisely what Dorsey did at the super bowl. And he's notoriously known for wearing the satoshi shirt. So you got to keep that in mind. Whether Dorsey created bitcoin or not, Bitcoin cyberpunk Jameson Lopp criticized Murray for being that guy who accuses someone of being satoshi without smoking gun evidence. It is a big accusation. So but anyways it makes you a massive a hole he said, because you're painting a target on them. And that is a great point because we don't want Satoshi's identity ever revealed because it does make them a big target and it's probably best that we just you, I mean contemplate who he may or may not be. And that's the beauty of bitcoin, you feel me? And I mean he's gone anonymous for the past 16 years so I strongly doubt they'll ever discover with smoking gun evidence precisely who he is. But you guys let me know your thoughts. I think the mystery should remain a mystery. But yeah, let's continue. Next story Malay this is actually one of the big stories of the day. I actually took the time to watch the one hour or so Coffeezilla interview with the main developer behind this project. It was very interesting. I'll share my two satoshis after I read some of the headlines and the stories of what's going on here with Javier Malay and the coin, which just got rugged. And billions of dollars were shed from the market cap hours after launch, which is pretty sad. But here's some of the headlines. Argentine lawyers hit Malay with fraud charges in a class action lawsuit over Libra coin, which basically went up to like 4 and a half billion in market cap within like an hour or so from launch. And then it went crashing.
JV
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Max Keiser
Right back down. Another headline reads, libra founder says meme coin critics only when left out of the insider deals. And this is the guy Hayden that Coffeezilla interviewed. If you guys haven't checked it out, it was pretty insightful. I'll share my thoughts on that later. And also another headline. Libra creators tied to Melania. He did straight up say the dev behind the Libra coin is also was one of the guys behind the Melania coin rug. Which is fascinating to say the least, but I guess we're going to dive right in. Max Kaiser reminds us, no coins or rug pulls in El Salvador. Thanks to the guardians of bitcoin maximalism. Come to El Salvador and taste thy freedom. Freedom from coins, freedom from rug pulls. Freedom from scammers, freedom from fraud. And of course you got to try the Coco Max. The greatest drink to ever exist. It's espresso being a fire. Yeah, I mean, Bukele coffee brand coconut meat in that mofo. But that was actually my favorite drink. For real? For real. When I attended the Max and Stacy Invitational. It was a great drink. You guys got to try it. It gives you that oomph, if you know what I'm saying from that espresso. But let's dive a little deeper into this class action lawsuit going down. Argentine lawyers reportedly filed charges against Argentina's president, Javier Malay. I wonder how Trump has a free pass. He can launch the the meme coins and nothing happens. Maybe because he was smart enough to fire Gensler before he took office and replace him With a homie called Mr. Sachs. But I digress. In the criminal court for promoting a crypto that briefly pumped and then tanked over the weekend. The lip Lip. What is that? The Libertad Project native Solana Token Libra rallied to a market cap of 4 and a half billion on Valentine Day after Malay posted about the token on X. It then fell over 94 after he deleted the post promoting accusations of a pump and dump scheme. Womp womp lawyers said an engineer. I don't want to say all their names, but they filed a criminal complaint that alleges Malay was complicit and fraud by promoting Libra. And according to the dev, he claims that Javier Malay is one of the good guys. He had had no idea that this coin would get rugged by insiders and that was impossible to avoid sniping and all the that goes along with these meme coin launches. Personally, I don't know what to believe and I guess time will tell, but nonetheless it's very fascinating. Here was the tweet in which he deleted from his X account, which is not a good look. I mean you can't delete evidence. It's not like people didn't screenshot it already. So I don't even understand the point there. But anyways, these people accused Malay of violating the public ethics law, which is Argentine's framework for public officials requiring them to declare asset holdings and conflicts of interest. Quoting them here. Within this illicit association, the crime of fraud was committed in which the president's actions were essential. A judge will be assigned to the case or it will be referred to a prosecutor for further investigation February 17, according to the Associated Press. Meanwhile, Argentine lawyer, founder and associate of the law firm filed a separate legal complaint about Malay promoting Libra. In the statement in which he is also a member of the Argentine political party, he said he had reported Malay for alleged fraud negotiations incompatible with public office, price manipulation and financial crimes. So it's not a good look when you're a president of a country, right? And this is like a big country as well with a large population and you launch a meme coin and then everyone gets rugged. It's not a good look. Why would you attach your name to that? This can destroy and probably already has his entire reputation and all the potential good work he has been doing. So why even get involved? The dev claimed he just don't know anything about crypto. Well, that's a great excuse. I mean it's the most common one. Oh, I didn't know any better. But you should know better, but I mean, I don't know what to say. They also said the firm is preparing a class action suit for people who might have invested in the token and lost money, which is practically everybody in Argentina's the only people that make money in these meme coins. And this is according to the own dev who created it, a part of the launch that I, you know, listened to the interview with Coffeezilla. He basically said all the retail investors lose. The only ones who win are the insiders and the snipers. So why even get involved with these shitty meme coins? I just don't get it. But I digress. After the tokens collapsed, Malay requested the anti corruption office to investigate all government members, including himself for potential misconduct. With the findings to be shared with the courts. The presidential office claimed the president was not aware of the details of the project when he endorsed why endorse the scam coin?
JV
Why?
Max Keiser
Why? Like what Logic. I don't get it. However, Malay did disclose he held the meeting with KIP Protocol representatives in Argentina where the company informed him about the blockchain project.
JV
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Max Keiser
The Kip Protocol, a Web3 company that builds the AI payment infrastructure, said it was the tech consultancy company hired to help distribute the product funds for the local businesses in Argentina. However, it says it didn't create the token or act as a market maker. Some analysts have also raised concerns about the project after discovering Libra's website domain was hours before the launch and there is no public owner information. Opposition lawmaker told Reuters he would be launching a request to impeach the president. Now you just gave all of your enemies a reason to attack you. Just a bad look from the jump. I mean, what are your thoughts on that? So this dev again. I watched the interview with Coffee Zilla that he dropped last night. I watched it this morning. It was like a good hour before I went live. He basically the, the. The dev, he said he, he has access to like a hundred million dollars and he's scared because he thinks governments and people are going to come after him and potentially harm him. He's probably right. So he don't know what to do and there's no communication between him and the President and and he just wants out but too late. What does he do in this situation? He's like I don't even want any of this money but now I'm sitting on it. I don't know what to do. Should we donate this to give it back that it was quite a fascinating interview because he was being pretty transparent. The dev. He didn't have to do an hour interview with Coffeezilla out of all people. But let me know what your thoughts are with this Malay Libra scam Coin. Let me know your thoughts if you got to listen to that interview with the dev with Coffeezilla. Now for our featured story of the day. Check this out. Bitcoin's path to 1 1/2 million per coin as per ARK Invest is ultra bullish Bitcoin road map and shout out the one and only Kathy Wood, CEO of ARC Invest. Let's break this baby down the path to one and a half milli Bitcoin price. That's right. Ark Invest unveiled its Big Ideas 2025 report earlier in the month highlighting key technological and financial trends expected to shape the future. Covering innovations and artificial intelligence in which Kathy Wood is very bullish on the AI, robotics, energy storage, blockchain technology and digital assets, the report emphasizes how these disruptive forces can drive exponential growth. One hundred and One of its most significant insights is the firm's bullish stance on Bitcoin preach, which it sees as a transformative financial asset gaining the mainstream acceptance. As If Bitcoin needs anyone's acceptance, ARC outlines three potential price scenarios for the Biddy by 2030. First, we have the conservative bear case of 300000 per coin. Then we have the base case 710, 000 per BD and an aggressive bull case predicting a staggering 1 1/2 million per BTC. These forecasts are based on increasing institutional adoption, Bitcoin's growing role as digital gold and its integration into the corporate treasuries and nation state reserves. And Serge, welcome back to the Hodl Gang Huddle gang Huddle gang. Now you can see on this chart the 2030 Bitcoin price targets. Again, the bear case by 2030 according to Ark Invest. You can see all the way on the left shows us a 300, 000 price target. And then next the base case 710, 000 and the bull scenario one and a half million. And you can see the the price target assumptions, you know, based on some things I'll break here. In the previous years ARC made similar projections maintaining its bullish outlook on Bitcoin with a forecast of one and a half million by 2030. Kathy Wood reiterated this estimate in a recent interview emphasizing Bitcoin's increasing institutional adoption and its role as a unique asset class. As you know, Bitcoin's resilience in 2024 is a focal point of the Big Ideas 2025 RES report produced by Ark Invest, particularly the ability to absorb the large selloffs without a significant price drop. ARC explained the German government sale of 50,000 Bitcoin which is crazy because I'm pretty confident right after they sold Bitcoin went on a tear up over 100% like ballpark, right? So they lost billions of dollars by selling that bitcoin and hopefully the US government will learn from that and stockpile the bitty as Trump proposed instead of selling and offloading their precious little bitties. And then the Mount Gox creditor repayments of over 109000 BTZ tested the market yet the Bitcoin price climbed from 53 to 68. That's right. And the current all time high 1093 reflecting strong demand. Additionally Bitcoin aggregate cost basis recent all time high of $40,980 per biddy indicating increased investor confidence. My question for y'all who are Bitcoin holders which I like to assume each and every one of you watching the live stream, did you purchase your average Bitcoin at above or below this 40000 average price? Let me know. Institutional interest remains a major driver of the Bitcoin projected growth. The report details expanded presence of Bitcoin corporate balance sheets with a total value rising from 11 billion back in 2023 to 55 billion as of last year 2024. Moreover, over the introduction of the spot Bitcoin E test which went live January 11th approximately a year ago marked the historic milestone attracting over 4 billion of inflows the first day of trading and the volume has eclipsed that of gold. And the gold ETF has been around for two decades Bitcoin ETF one year. So it goes to show you Bitcoin's overtaking gold and I think by the time personally Bitcoin overtakes the gold market cap, Bitcoin could be several million dollars per coin. Also want to reiterate my personal target, this is coming from jv Just thinking out loud here so My bear case for this particular cycle, not what Cathie Wood says, 2030, just FYI, that's obviously the next cycle. We had a having in 2024, right now we're in 2025, the year preceding the having. Historically we hit the cycle peak. So she's ultimately saying by the time of the next having cycle peak, she believes we hit these targets. Now my personal targets for this cycle, I'm a little more bullish than Kathy, but nonetheless my bear scenario for this year is 222, 000. My base case for the Broskis is 420 and my bull scenario is 1.1 million. But again that's this year, not in 2030, which is five years out from now. I think these are very doable and realistic target. And Kathy Wood, she's very smart lady. As you guys know, it's all going to depend upon the institutional adoption, the nation state adoption, the sovereign wealth funds and all the money which is going to be flowing into the biddy. And as you know, I just announced its official Abu Dhabi of the UAE announced like 455 million words of the bitcoin on the balance sheet. But not bitcoin as we know, but the etf, btc. And then David Bailey came out from Bitcoin magazine saying these numbers are really a lot higher there and what they're actually disclosing. Yeah, I mean so keep in mind there's a lot of nations, sovereign wealth funds, pension funds, etc, that are adopting bitcoin behind the scenes right now. And also, not only are we talking about adoption as a strategic bitcoin reserve for the United States of America which will lead into those bull targets that we've been discussing. But also we have the state adoption. There's now 32 or so states in the US which are trying to embrace Bitcoin some way somehow, whether it's through a strategic reserve or for the treasury, for the pension funds, etc, all this is coming. And it's very interesting as the game theory continues to play out as Max predicted many years ago, coining it the global hash war. That's what we're witnessing right now in 2025. So who do you think the next big country will be to announce bitcoin adoption? Let me know. We know it's happening in the Middle East. We know there's massive wealth. We know the total addressable market of the world is probably 800, $900 trillion. We had people like Max and Michael who have predicted, when I say Michael, Mr. Sailor, that have predicted Bitcoin can eat into roughly 15 of the total addressable market over time, which would give us room to run up literally 100x from today's price. Action Jackson Anything is possible. And the most bullish target I've ever heard from Michael Sailor was when he was being interviewed by Patrick Bet David on his podcast. And and he straight up asked Michael, where do you feel, you know, bitcoin's likely to go? And Michael said, paraphrasing, 100 million per coin. If Bitcoin hit 100 million per coin, let me know how that would transform your life. And let me know if you feel that will happen. I personally think it will happen in my lifetime, and I think bitcoin will continue to go up forever. It's perfect money, and once perfect money is created, it never needs to be reinvented. Kind of like the wheel we had this discussion on yesterday's Pod, but anyways, fam, Let me know your thoughts, let me know your predictions, and I'll read your comments out loud. And welcome everyone, to the Q and A segment of the live stream. And don't forget to check out cryptonewsalerts.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.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1908: Bitcoin Path to $1.5M: Ark Invest’s Ultra-Bullish BTC Roadmap
Release Date: February 17, 2025
Host: Justin Verrengia (JV)
Guest: Max Keiser
In Episode 1908 of the Crypto News Alerts podcast, host Justin Verrengia (JV) and guest Max Keiser delve into a comprehensive analysis of the current Bitcoin landscape, examining technical trends, significant market movements, and pivotal news stories shaping the cryptocurrency world. The episode culminates with an in-depth discussion of Ark Invest’s ambitious Bitcoin roadmap, forecasting Bitcoin's potential surge to $1.5 million per coin.
Timestamp [00:49]
The episode begins with a snapshot of the cryptocurrency market as of February 17, 2025. Bitcoin is holding steady above the $95,600 mark, despite experiencing a daily dip of approximately $1,400. The broader crypto market capitalization stands at $3.17 trillion, with Bitcoin’s market cap nearing $1.9 trillion. The 24-hour trading volume is reported at $93 billion, marking a 63% increase from the previous day. Notably, Bitcoin dominance remains strong at 59.7%, while Ether holds a 10.3% dominance.
Notable Quote:
“Bitcoin maintains above $95,600 at the time of the live stream, but down roughly $1,400 on the day.” — JV [00:49]
Timestamp [00:49] - [11:22]
Max Keiser provides a detailed technical analysis of Bitcoin’s price movements across various timeframes:
Notable Quotes:
“We have a green target just north of where we're currently at but still just shy of $96,000.” — Max Keiser [02:10]
“Arthur Hayes is calling for $70,000 before we rip forward, but I am skeptical.” — Max Keiser [07:55]
Timestamp [11:22] - [16:32]
Bitcoin leads the first major weekly crypto ETP outflows of the year, totaling $430 million. This downturn is attributed to macroeconomic concerns, including Federal Reserve Chairman Jay Powell's remarks on rate cuts and higher-than-expected U.S. inflation data. Solana and XRP emerge as the top beneficiaries, with Solana receiving the largest inflows due to its association with meme coins and potential ETF approvals.
Notable Quotes:
“Bitcoin ETPs are bleeding, softened by the inflows of the ETPs tracking the alts such as Solana, XRP, and SUI coin shares.” — Max Keiser [14:50]
“Solana saw the largest inflows of any asset, probably because a lot of these meme coins that are launched pump and dumps are on the Solana network.” — Max Keiser [15:10]
Timestamp [16:32] - [27:36]
The discussion shifts to Bitcoin’s superiority over traditional gold reserves, particularly focusing on the Fort Knox gold cache, which hasn’t been audited in over 60 years. Senator Rand Paul’s call for auditing Fort Knox using Elon Musk’s Dogecoin is examined, highlighting the inherent trust issues with physical gold versus the transparent, auditable nature of Bitcoin’s blockchain.
Notable Quotes:
“Unlike the Bitcoin network which gets audited every 10 minutes, gold has not been audited in over 60 years.” — Max Keiser [20:15]
“Bitcoin cannot be faked or diluted. You can't fake the Bitcoin. Only 21 million Bitcoin will ever exist.” — Max Keiser [21:00]
Timestamp [27:36] - [22:41]
Max Keiser explores theories linking Jack Dorsey, the co-founder of Twitter and Square, to Bitcoin’s enigmatic creator, Satoshi Nakamoto. Presenting various circumstantial evidence—including coincidental dates and cryptic references—Max discusses the likelihood and skepticism surrounding these claims.
Notable Quotes:
“The original Bitcoin source code documents are all timestamped at exactly 4 am.” — Max Keiser [19:50]
“What do you think? Some believe Jack Dorsey to be Satoshi Nakamoto.” — Max Keiser [20:30]
Timestamp [22:41] - [27:49]
A significant portion of the episode focuses on Argentine President Javier Malay, who faces fraud charges over the Libra coin scandal. The episode details how Malay’s promotion of the Libra coin led to a swift market crash, resulting in substantial losses for retail investors and legal repercussions for Malay and his associates.
Notable Quotes:
“Argentine lawyers filed charges against Javier Malay for promoting Libra, which then tanked over 94% after its launch.” — Max Keiser [24:10]
“Libra creators tied to Melania also involved in the Melania coin rug pull.” — Max Keiser [25:30]
Timestamp [27:49] - End
The episode culminates with an exploration of Ark Invest’s Big Ideas 2025 report, detailing CEO Cathie Wood’s optimistic projections for Bitcoin. Ark Invest forecasts three scenarios for Bitcoin by 2030:
Key drivers include increasing institutional adoption, Bitcoin’s role as digital gold, and its integration into corporate treasuries and nation-state reserves. The report emphasizes the resilience of Bitcoin, citing historical precedents where Bitcoin demonstrated the ability to recover and thrive despite market sell-offs.
Notable Quotes:
“Ark Invest sees Bitcoin as a transformative financial asset gaining mainstream acceptance.” — Max Keiser [28:19]
“In the aggressive bull case, Ark Invest predicts a staggering $1.5 million per BTC by 2030.” — Max Keiser [28:45]
“Institutional interest remains a major driver of Bitcoin’s projected growth, with corporate balance sheets rising from $11 billion in 2023 to $55 billion in 2024.” — Max Keiser [29:10]
Personal Insights from JV: JV shares his personal projections for Bitcoin in the current cycle, which are even more bullish than Cathie Wood’s, aiming for:
He attributes this optimism to significant institutional interest and geopolitical factors, particularly highlighting Bitcoin adoption in the Middle East and growing acceptance in sovereign wealth funds.
Notable Quotes:
“I think Bitcoin will continue to go up forever. It’s perfect money, and once perfect money is created, it never needs to be reinvented.” — JV [29:45]
Episode 1908 provides listeners with a thorough examination of the current state and future potential of Bitcoin. From analyzing market trends and technical indicators to exploring significant news stories and investment forecasts, JV and Max Keiser present a bullish outlook on Bitcoin’s trajectory. The episode underscores the transformative impact of institutional adoption and the enduring resilience of Bitcoin as a premier digital asset.
Final Notable Quote:
“Bitcoin provides individual sovereignty. We cannot say the same about gold. And fiat perpetuates war and violence.” — Max Keiser [26:50]
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Disclaimer: This summary is intended for informational purposes only and does not constitute financial advice.