
As Strategic Bitcoin Reserve progress continues all around the world The US Senate confirmed former Cantor Fitzgerald CEO and crypto advocate Howard Lutnik as President Donald Trump’s commerce secretary who owns hundreds of millions of dollars worth of Bitcoin.
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JV
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.
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JV
Credit.
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JV
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JV
Check responses for accuracy.
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JV
Welcome crypto fam to number one daily Bitcoin pod. In today's show I'll be sharing the latest bitcoin technical analysis is Bitcoin is pumping back in the green. We'll also be discussing Bitcoin's price movement looks very manufactured according to Jan3's Samson Mao. We'll also be discussing Bitcoin should be studied, not feared according to the Czech Republic Central bank head. We'll also be discussing Libra co creator bragged about paying Javier Malay's sister for the token post. I'll be sharing this insider report as well as Sail Strategy proposes a $2 billion convertible note offering to buy more bitcoin. Let's freaking go. Also we'll be discussing strategic Bitcoin reserve is happening all around the world with 1 million price target imminent as well as breaking news. US Senate confirms Howard Lutnick as Trump's Commerce Secretary. And if you're not familiar with Mr. Lutnick, he's a holder of hundreds of millions of dollars worth of bitcoin. 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.net again that's crypto news alerts.net today is episode number 1910. I'm your host JV. It's February 19th, 2025 market bag in a green up 16 hundo on the day so let's kick it off with our market watch as we do each and every day. As you can see on your screen, Coin360 pulled up Bitcoin trading at around 96400 at the time of the live stream. Back in a Green XRP up 6%, trading at 6. $2.64. Ether up 2 and a half percent. Trading back above 2700 and checking out coinmarketcap.com the current crypto market cap sits at 3.18 trillion. Back on the climb, Bitcoin market cap back above 1.9 trillion. We have 93 billion worth of volume for the past 24 hours. And the bitcoin dominance maintaining at roughly 60%. 60.1 according to coin market cap with ether dominance at 10.3%. Checking out top 100 crypto gainers past 24 hours. We got story leading the pack up 40% followed by Sonic up 20% 6% followed by Aptos up 20%. Which alts if any are you bullish on? For the bull I'll let your boy. And checking out the crypto bubbles we get a visual perspective. First we'll do on the daily and then we'll zoom out on the monthly. And for the day it's a mixed bag. Some of the market in the red, some in the green. Zooming out on the monthly most definitely the majority of the market correcting pretty massively and wrecked in the red including some very solid projects like stacks even down 40% the past 30 days. And checking out the crypto greed and fear index Today we're back in fear rated a 44 yesterday, 47 neutral, last week of 46 in fear and last month of 76 in extreme greed. And checking out the time chain calendar we're currently on block number 884,464. We have 165,536 blocks until the next having in 2028. And you can currently exchange one fiat monopoly dollar for 138 SATs. So pick up the stats, put down the gats and pick up caps from a man, Sergio over at bitcoincaps. Net f around find out as they say in the hood. But anyways, we're looking at a one hour chart live and in the flesh via Coinbase, via Trading View. We do have a bull target in the red sitting just shy of 105 GS and then there's a bare blue scenario all the way down at 816. Do you think we're most likely to fulfill the bull or fulfill the bear and It's a trick question. You guys better say bull or you're on the wrong pod. And zooming out on the four hour, we also add the 130, 000 orange bull target. As you can see on your screen, this is on the four hour chart. Excuse me, I got. I guess I manifested the hiccups here. We also have a target just shy of 105 on the four hour and then the bear targets are at just shy of 82 and a super bear target all the way down to 68. The only big name I know calling for like a 70, 000 correction is like Arthur Hayes. Just blaze. But I'm more optimistic. I feel the bottom is in and we're likely to continue to these upper trajectory targets of, you know, 120, 130, 000 as the next leg up once we recapture Price Discovery, which is currently sitting at 1093 as of January 20th, Inauguration Day for the Trumpster. And zooming out from the four hour, the one day chart says it's going up forever. Jv There's a rising wedge formation sensation. There are a couple of bear targets on the radar, one at 68:6 and a Super pair. This must be the bearish target I've ever seen.
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JV
This is something like a Peter Schiffmeister or Jim Kramer would call for. I'm speculating, but I highly doubt that's happening. But anyways, zooming out on the weekly we do still have the sexy cup and handle targets in 124. Past few weeks have been bearish closes unfortunately, but just a matter of time before we continue to pump. In my humble opinion. And zooming out from the one week, we take a quick look at the one month. As you can see, February thus far has been forming a red bear candle. But you know, not so significant. But nonetheless, we still got a week and a half to flip that mofo green. Then for the month of January we had a itty bitty green candle close. December was corrective, but Itty bitty. And then November was the Godzilla candle, the most appreciating candle since the inception of the Genesis block. We went up almost 30,000 in fiat terms just for that single month. So you could imagine another 30000 bump up like that would take us close to the 130000 target which we just saw on the four hour chart. But you guys let me know your thoughts. Where do you feel the pretty little bitty likely to go next? But let's continue with the news. Now we broke down the latest ta. Here's the latest from Samson Ma. One of my faves headline reads Bitcoin price movement looks very manufactured and I attend to agree with this. Everyone's asking why are we trading sideways? When all of the good governments, the states, the strategic bitcoin reserves, Mikey Sailor buying billions of bitcoin, why do we continue to trade sideways? Well, let's break her down. The bitcoin price action is raising concerns of possible market manipulation as the crypto continues trading in a tight range despite billions of dollars of the institutional inflows. Bitcoin has been range bound for over two months trading between 92 and 1065 resistance since December 18 as it shows here on the daily chart. Bitcoin managed to briefly escape this range after President Trump's inauguration January 20th when we hit the current all time high of 1093 before dropping back to the previous range. Bitcoin's range bound price action may be manufactured based on the trajectory of the past months according to Samson Mo Shout out Samson. Quoting them here, it seems like it's some sort of price suppression. Agreed. If you look at a price movement we peak and then we stay steady and chop sideways and it's good. You can say it's consolidation, but it just looks very manufactured, very sus. I agree, the very tight range in which you're trading just doesn't look natural at all. So despite Bitcoin's temporary lack of upside, industry watchers remain optimistic about the bitty trajectory for the year. With price predictions ranging from 160, I dare say to 2.2 million as per the high priest, the Bishop of bitcoin, Max geyser. Now the US spot Bitcoin ETFs and companies like Mikey Sailor are transparently buying multiples of the bitcoin mined every day. Precisely. A bitcoin price isn't moving despite institutions and retail buyers accumulating the biddy. Then someone must be selling and you've got retail buyers who are dollar cost averaging and buying and because the price is set at the margin, so that means somebody has to be selling. And while last year we saw structured selling sellers offloading the biddy due to the bankruptcies and restructuring, that period is largely behind the market now. The crypto market saw another key development this week as FTX began repaying creditors, distributing 1.2 billion to the claimants. However, repayments are being based on the bitcoin price from November 2022, which is the bottom of the market back when the Biddy was between 16 and 20,000, meaning everybody got screwed. Hence never keep your bitcoin on the exchanges. You may get screwed too. Some analysts believe this can create additional selling pressure as recipients of these repayments seek to realize their gains. Quoting Samson again, FTX is starting to pay out the dollars from selling the bitty. I'll advisally in the mid 20 range. Yeah, Ill advised. Exactly. So clearly somebody is selling to match this, otherwise the price would already be moving again. And I expect nothing less from the whales. And you know, I mean the market makers looking to manipulate the market and do what they do best. But you guys let me know your thoughts. Do you agree with Samson? Do you think the market is being manipulated? Holla. And I'll read your comments out loud. Anyways, fam, let's continue where we left off with the news, shall we? Next story of the day. Czech Republic Central bank head says Bitcoin should be studied well, of course, a good point. Studying Bitcoin's underlying tech and economic impact has strengthened the central banks despite past hesitancy from financial institutions concerned about the volatility. According to Aless Mikal, governor of the Czech National Bank, Bitcoin should be broadly studied by the central banks, not feared. And as if they're not studying Bitcoin, they know the threat it proposes. Bitcoin stab as the head of the central banking cartels. I'm just saying, he said Bitcoin's unique technology should not be lumped together with the other crypto assets. Exactly. Tell it to the Trumpster, tell it to Malay and tell it to the Hawk to a lady. We central bankers should study it and explore the tech it is built upon. Studying Bitcoin won't harm us. On the contrary.
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JV
It will strengthen us and dig it. Maau's comments come nearly three weeks after the governor shared a proposal for creating the Bitcoin test portfolio with the CNB's bank board meeting January 30, quoting him here. This step is motivated by a desire to learn about and try out this high risky alternative asset, says the governor. Now. He also emphasized that this is only the initial stage of the analysis and that a final decision will depend upon the outcome of the analysis. Well, there you go. He also started looking at Bitcoin as a potential reserve asset on January 7, when he was considering acquiring a few of the bitty for diversification. Bitcoin's 100% or 130% yearly returns for 2024 make it difficult to ignore for financial institutions and large investment funds, hence why they're all already studying it. Don't get it twisted, the CNB may become the first European Central bank to invest in Bitcoin if the proposal is approved. If approved, the investment may amount to over $7.3 billion worth of the Biddy purchases given the CNB's total reserves of more than 146 billion. Hot Lord, good Lord. Head of the Research A bit why I shared he says to put this into perspective, these Bitcoin purchases alone would be equivalent to around 5.3 months of the newly mined Bitcoin supply. And I think right now there's like 450 of the bitty mined every day. So they would purchase up over five months of the supply single handedly. Just one central bank that doesn't fact Black Rock that doesn't factor Michael Sailor or the rest of the whales accumulating like it ain't no thing. And while Bitcoin is an interesting asset worth considering, I'd say that again for a large portfolio, the board of the bank will need to provide thoughtful analysis Paralysis Still, Bitcoin remains pressured by the ongoing trade tensions between the US And China, according to Vogar Chief Operating Officer a big at quitting him here. While this headwind remains in the market with President Trump eyeing more tariff hikes in the coming weeks, Bitcoin has traded with resilience and brilliance. Well, let's continue with some of the bullish news we shared. The latest from the Czech Republic Head now let's discuss More about Malay and this Libra. Excuse me. Good lord. This Libra rug. Libra co creator bragged about paying Javier Malay's sister for the token bows, according to this latest report. And one of the creators behind the controversial crypto Libra token reportedly sent a text message bragging about being able to pay arg Argentine President Malay's sister insiders in exchange for the president sharing the meme coin details on X according to the Argentine media. That's right. LA Nation reported Feb. 18 that it seen text messages that Hayden Davis actually, he was actually the dev for Malay and behind this project and was also behind the Melania rug. Ironic enough, but I actually watched the Coffee Zilla interview he did for an hour. I watched it twice. Let me know if you guys saw it. The person connected to the Libra token and the CEO Kelser Ventures sent to a crypto investment firm executive saying he can pay Karina Malay for control over the president. Interesting. We can also have Malay tweet and meet in person and do promo reads a screenshot of the text message purportedly sent by Davis in December to the unnamed unnamed executive who rejected the offer. I sent money to his sister and he does whatever I say and does what I want. Read another message mass. Pretty bold of him to say. Davis could not immediately be reached for comment. A spokesperson for Davis told the media outlet Coin Death that Davis didn't recall. Of course he's going to say I don't recall that. I don't recall sending no message. There's no record of it on the phone. Davis also denied making payments to either Javier or Karina Malay. But you know who got refunded from the rug? Dave Portnoy. That's right. They paid Portnoy. Portnoy claims he didn't take any money to promote it, but he invested like 5 million and made a public post and then it got rugged and then they refunded his money. Do you think any of the retail investors got refunded when they got rugged? I think not. It just goes to show you there's a double standard and there's lots of manipulation and that retails retail investors are not according to the own dev that, you know, part of the rug that shared in the interview with Coffee Zilla. Retail investors are not meant to benefit from these meme coins. But who buys it retail? You know who benefits? Insiders, insiders and more insiders. Karina Malay currently serves as general secretary of Argentina's presidential office and has become a close advisor for her brother, the president. That Dev also revealed even Trump had a circle of people in which they told to buy the coin before the public. So it's called insider trading and my understanding it's highly illegal. But nonetheless it goes on on virtually every meme coin launch. And now the President is a part of meme coin launches. I ain't just talking President of Malay and pointing the finger at him. I'm pointing the finger at Trump. I'm pointing the finger at anyone launching these damn meme coins and should know better. She's often seen with Javier Malay on his recent official overseas trips. Here's what the text says. Sweet. Also, can we also have Malay tweet and meet in person and do a promo?
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JV
How dare he drop the N bomb. He's a white guy. That's unacceptable in of itself. That's effing sick. I send money to his sister and he signs whatever I say and does what I want. I pray this is fake because if this is real, it's just a sad reality of what goes on behind the scenes with these damn meme coin launches and why you should stay away from them. Dave Davis and Kelzler Ventures are some of the biggest winners from the Libra token launch. Follow the money, claiming to have netted around a hundred million. Davis, however, says he didn't own the tokens and wouldn't be selling them. Libra notched 4 and a half billion market cap at the peak before it crashed around 95. Moments later, Malay claims he didn't promote the Libra token, as fraud lawsuits filed against him have claimed. Tell it to the judge arguing instead he merely spread the word. Word. Which is the same thing. So I mean, come on now. I did not promote that. What I did is I just spread the word. He shared that on an interview. That's actually in his own words, believe it or not. Why can't you just take responsibility? Because when you point the finger at others, you got ten fingers pointing right back at you, brother. I'm just saying. And now people want to impeach this mofo and this is actually the dev that works for Malay and he's the one who was interviewed by Coffee Zilla and revealed everything. I mean, he wasn't holding back. Sound pretty transparent to me me. But nonetheless, let me know your thoughts and Malay's role in this. And while Malay claims he had nothing to hide and acted in good faith, he acknowledged he has something to learn from the ordeal, including the need to start setting filters on what conduct is appropriate, what isn't. Come on. I don't buy into the incompetent plea. They know better. He's the President of Argentina. 46 million people. The libertarian economist said the problems flowing from the token launch should only include the parties involved. The state plays no role. Man. It's just very sus and I my heart goes out to everyone who lost money in the rug. But at the same time, you must know better. I mean, don't tell me anyone in my audience bought that and got rugged. You guys know better. We preach every day to stay away from that. You know, I mean it's the opposite of bitcoin is it's a casino. And typically it's just the insiders who buy early. They get the insider info like they portnoy that are going to get rich. The rest of you guys are going to get rugged and that's why you guys should avoid these meme coins and these clowns promoting them. Let's discuss Michael Sailor's two billion dollar acquisition in the process which just began, which he just announced. And then we'll discuss Bitcoin one million inevitable and strategic bitcoin reserves occurring not just in the United States but all around the world. The latest with the state adoption and Howard Lutnick being elected secretary of commerce by Trump, which is a big deal as he holds hundreds of millions worth of bitcoin, just makes it that much more likely. We get the strategic bitcoin reserve in the States and then we'll do some live Q A and we'll flip it to a pump. Watch. This headline reads Sailor strategy proposes 2 billion convertible note offering to buy more of the bitty. That's right, Business intelligence services Bitcoin buying from firm formerly known as Micro Strategy is looking to raise another 2 billion through 0% senior convertible notes to purchase more of the biddy. The first note buyers have the option to buy up to an extra 300 million worth of the notes which can be used within five business days after they're issued. Strategy said in the statement. The firm added and intends to use the net proceeds from the offering to buy more of the Biddy and for working capital as announced right here by the Giga Chad himself, the one and only Michael Sailor Senior convertible notes are debt security that can be converted into equity at a later date. They're senior to common stock in the sense Hodlers have priority in the event of bankruptcy or liquidation. Senior convertible notes have been one of the main instruments strategy as used to execute the 2121 plan targeting $42 billion in capital over the next three years. Split equity and fixed income securities in order to buy more of the biddy. The plan was orchestrated by Strategies Executive Chair Co founder Mikey Sailor. The company has already completed over half of that 42 billion capital plan since it was announced on October 30, well ahead of schedule. I would not be surprised if they achieved the 42 billion within their first year and they gave themselves three years because Sailor's the type of guy that under promises and over delivers. He's the gigachad purchasing nearly 200000 Bitcoin since then since October 30, damn. Bringing its total stash to 478740 of the biddy and making it the world's largest corporate bitcoin hodler in the entire world. And as you can see the key bitcoin metrics displayed on Strategies new website, it shows you their Bitcoin yield year to date 4.1% bitcoin gain year to date 18500 bitties bitcoin gain year to date in dollars looks like 1.7 billion if I'm reading that correctly. Bitcoin count 478740 and all the good statistics. Pretty cool. Bitcoin gain for 2024 the bitcoin gain in bitcoin 140,000 bitties it's like ain't no joke man. The proposed notes will mature March 1, 2030.
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JV
And by that time Bitcoin will be multi millions of dollars. Unless earlier repurchase, redeemed or converted or subject to market and other conditions. Strategy Shares did not see a significant move on the news. MicroStrategy closed just down 1% Feb. 18 and traded flat after hours. Oh no. Strategy Shares are however still up 372% over the past year, making it one of the best performers in the US stock market over the last year despite the bitcoin purchases which were accompanied by a bitcoin price rise strategy reported 670 million of net losses in Q4. But who cares? They keep stacking Ibity keep stacking thy biddy Hence sailor employee of the month status. Thank you, Mikey Sailor. Now for our feature story of the day. Strategic bitcoin reserves are happening right now all around the world, not just in the United States of America, making one million dollar price target imminent. We're also going to discuss U. S. Senate confirms Howard Lutnick as Trump's commerce secretary. So let's break all this down. As you can see on your screen here by Vivek, Strategic bitcoin reserve is happening all around the world with 1 million imminent. You can see the international race for the bitcoin strategic reserve which is something Max Kaiser was the first to coin years ago. Everyone of influence within bitcoin said the same thing, that it's going to get crushed. The countries will never adopt it. The United States government will never allow it. And Max said the polar opposite. He said no. The game theory is in play. The global hash war, it's going to happen and countries are going to be competing and racing to adopting more bitcoin because whoever don't adopt the bitcoin will get left behind. Max was right as always. And as you can see here, the United States is at the law or policy enacted. Trump and his team are doing all their research as they say and it's a top priority. As you know. And you can see in Argentina, legislative process has been initiated. In Brazil, it's also law or policy enacted. In Chile, legislative process initiated. Czech Republic, we have the heads coming out from the central banks talking positive about bitcoin as we share in the pod. Also, legislative process initiated. El Salvador, they have the first movers advantage. They were the very first country to make bitcoin a legal tender and have full bitcoin adoption. Germany, legislative process initiated. Hong Kong, legislative process initiated. Japan, the same. Poland, the same. Russia, the same. Switzerland, law or policy enacted. They're a step further and precisely where the United States is currently at. Who's going to be next? I pray it's the US but you just never know. It could be at a state level first. And speaking of the state levels, here's some more breaking news. Texas's bitcoin reserve bill set to pass the committee after the first hearing. It was a massive success. They just had the hearing so they're moving forward as well. And also breaking news. I Think there was another state. Here we go. Georgia strategic bitcoin reserve bill passes to the senate. It is spreading like wildfire. That now makes over 30 states in the USA some form of bitcoin adoption occurring. But a strategic reserve or a treasury or for the pension fund or whatever sovereign wealth funds. We also announced a few days ago Abu Dhabi out of the UAE announced owning roughly a half a billion dollars worth of the Bitcoin ETF of BlackRock which is IBIT. So mass adoption is occurring now. Other big news. U. S. Senate confirms Howard lutnick is Trump's commerce secretary. Why is this a big deal? Because Howard Lutnick, who I just heard an interview from a few days back, Anthony pompliano interviewed him and straight up asked him. He's like my audience will get mad if I don't ask how much bitcoin do you hold and what's your net worth? And he ultimately said he's worth billions upon billions of dollars and that he has hundreds of millions of dollars worth of bitcoin and is going to continue to buy the pre low bitty sending the pre low biddy up forever. Laura. The U. S. Senate confirmed Howard Lutnick as the 41st Secretary of Commerce. Lutnick, a billionaire with ties to wall street with president Trump's administration on trade policies. Also he seems to be pretty close to Bukele. We've seen photos of him and Bukele together over in El salvador and also a friend of of Max Kaiser. So let's freaking go. Lutnick immediately stepped down as CEO of financial services firm cantor fitzgerald after he was confirmed to lead the department of Commerce in a 52:45 vote on February 18th. So it is official Lutnick is a crypto advocate. Massive bitcoiner again. He holds hundreds of millions of dollars worth of bitcoin. Cantor Fitzgerald holds a stake in crypto stablecoin issuer tether as well. Lutnick said he sells shares in all 818 business businesses and other private investments that he holds positions in within 90 days, which lands May 19. He'll now head around 5 or 50000 Commerce Department staffers who do everything from gathering business data and looking after patents to drum it up, foreign investment and forecasting the weather. Let's go. Also take a key role in working with top U. S Trade negotiators to deliver Trump's plan to impose Import taxes on U. S trading partners. Trump has already imposed a 10% tariff on Chinese imports.
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JV
Learn more@capella.edu while raising US taxes on foreign steel and aluminum, he also threatened a 25% tariff on products coming from bordering countries of Canada and Mexico before delaying that decision until early March. Lutnick told the Senate confirmation hearing last month that the idea that the tariffs would lead to inflation was nonsense and back Trump's plans to create more reciprocity, fairness and respect for the U S and the trade world. Cantor Fitzgerald has been one of Tether's most important banking partners at the time when the company was cut off by many banks around the world. So they're big crypto advocates. Clearly. The company held most of the Tether token reserves in November, which were valued at 134 billion. Good Lord. And have since expanded over 141 billion, according to the the Tether website. Meanwhile, Senator Pocahontas Ms. Warren publicly pressed him last month over what she claimed to be the deep personal ties to Tether, which she said was a serious concern. Well, we all hate that lady. Time to go, let's go and we'll have extraordinary access to President Trump and other financials responsible for the regulating of the stablecoin giant. And as you know, anything president or not president, but I should say President Biden was he's no longer president, but anything Senator Warren is against that's is probably good for humanity. It's a safe assumption to just assume that because she is terrible for humanity and she works for the lizard folk. Lutnick said in December of 2023 that he was a fan of the crypto, particularly the biddy, pointing to the bitcoin having cycles and a lack of the centralized entity as the two main reasons he sees value in holding hundreds of millions of dollars worth of the biddy. Lutnick's confirmation comes about three months after Trump selected him to fill Gina Raimondo's position for his second stint in office. And if you don't know now you know Broski. So shout, shout out Howard Lutnick. Congratulations. That's a win I believe for all of us. JV that was a great interview and Anthony and Howard agreed. Shout out Pompliano for that interview. I know I shared it on X and I'm glad you saw it. Shortcoin Lutnick has micro strategy for his company. Apparently. No Bitty no. He he has bitcoin. He announced having hundreds of millions of dollars worth in the interview with Pompliano, who straight up said I have hundreds of millions of dollars worth of bitcoin. Something like that. I'm paraphrasing. Obviously, Sleepy Joe is now allowed to spend months at the beach eating his ice cream. So be it. Just stay away from the kids, Joe. Creepy Joe. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode. Hodl.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News Episode 1910: Strategic Bitcoin Reserve Is Happening Around The World - $1M BTC Imminent Host: Justin Verrengia (JV) Release Date: February 20, 2025
In Episode 1910 of "Crypto News Alerts," host Justin Verrengia delves into significant developments shaping the global cryptocurrency landscape. The episode covers a range of topics, including Bitcoin's recent price movements, institutional investments, strategic Bitcoin reserves emerging worldwide, and notable political appointments influencing the crypto market.
Timestamp: 01:00 - 06:01
JV kicks off the episode with a comprehensive market overview:
Bitcoin Performance: Bitcoin is experiencing a bullish trend, trading at approximately $96,400 during the live stream. The market capitalization has surged back above $1.9 trillion with a 24-hour trading volume of $93 billion.
Altcoin Movements: Notable gains include Story up 40%, Sonic up 20%, and Aptos up 20%, while Ether climbs 2.5% back above $2,700.
Market Sentiment: The Crypto Greed and Fear Index indicates a Fear rating of 44, suggesting a neutral sentiment among investors.
Technical Analysis: JV presents multiple chart analyses, forecasting potential bullish targets around $105,000 and bearish scenarios down to $68,600. He emphasizes a predominantly optimistic outlook, anticipating continued upward trajectories once price discovery resumes.
Notable Quote:
"As you can see on your screen, Coin360 pulled up Bitcoin trading at around 96,400 at the time of the live stream." — JV [01:00]
Timestamp: 06:31 - 11:29
JV discusses insights from Samson Mao, highlighting suspicions of market manipulation:
Range-Bound Trading: Despite significant institutional inflows, Bitcoin has been trading within a tight range between $92,000 and $106,500 since December 18, raising concerns of price suppression.
Institutional Accumulation: With entities like US spot Bitcoin ETFs and firms like MicroStrategy buying billions of dollars in Bitcoin, the stagnant price suggests active selling to counterbalance the demand.
FTX Repayments: The release of $1.2 billion to creditors based on Bitcoin prices from November 2022 might introduce additional selling pressure, potentially keeping prices subdued.
Notable Quote:
"Bitcoin's range bound price action may be manufactured based on the trajectory of the past months according to Samson Mao." — JV [07:15]
Timestamp: 11:59 - 16:59
Aless Mikal, Governor of the Czech National Bank (CNB), emphasizes the importance of studying Bitcoin:
Central Bank's Stance: Mikal advocates for a thorough examination of Bitcoin's technology and economic impact, positioning it as a valuable asset rather than a threat.
Potential Reserve Asset: The CNB is exploring Bitcoin as a potential reserve asset, with possible acquisitions amounting to over $7.3 billion, equivalent to around five and a half months of newly mined Bitcoin.
Strategic Diversification: This initiative reflects a broader trend among financial institutions considering Bitcoin for diversification and high-risk alternative asset exposure.
Notable Quote:
"Bitcoin should be broadly studied by the central banks, not feared." — Aless Mikal, Governor of the Czech National Bank [12:10]
Timestamp: 16:59 - 22:57
JV delves into a scandal involving the Libra token:
Insider Transactions: Hayden Davis, co-creator of the Libra token, reportedly boasted about paying Argentine President Javier Milei's sister to promote the token. Text messages reveal claims of controlling Milei's promotional activities in exchange for financial incentives.
Retail Investor Impact: Despite promises of refunds, only significant investors like Dave Portnoy received reimbursements, leaving retail investors exposed to losses from the rug pull.
Regulatory and Ethical Concerns: The incident underscores pervasive insider trading and manipulation within meme coin launches, highlighting the need for investor vigilance.
Notable Quote:
"Read another message, 'I sent money to his sister and he does whatever I say and does what I want.'" — JV [17:45]
Timestamp: 22:57 - 27:59
JV highlights Sail Strategy's ambitious plans to bolster its Bitcoin holdings:
Convertible Notes Issuance: Sail Strategy proposes a $2 billion offering through 0% senior convertible notes to purchase additional Bitcoin and support working capital.
Corporate Dominance: Since October 30, Sail Strategy has amassed 478,740 Bitcoins, positioning itself as the world's largest corporate Bitcoin holder.
Future Projections: With Bitcoin gains projected to reach $140,000 per Bitcoin, Sail Strategy's strategic acquisitions aim to capitalize on anticipated market uptrends.
Notable Quote:
"Strategy Shares are however still up 372% over the past year, making it one of the best performers in the US stock market." — JV [24:30]
Timestamp: 27:59 - 28:26
The episode shifts focus to the burgeoning global movement towards establishing strategic Bitcoin reserves:
International Adoption: Countries including Argentina, Brazil, Chile, Germany, Hong Kong, Japan, Poland, Russia, and Switzerland are either enacting laws or initiating legislative processes to incorporate Bitcoin into their national reserves.
State-Level Initiatives in the USA: Over 30 US states are progressing with Bitcoin adoption in various forms, such as strategic reserves for treasuries and pension funds. Notable mentions include Texas and Georgia passing key Bitcoin reserve bills.
Abu Dhabi's Investment: The UAE's Abu Dhabi has invested approximately half a billion dollars in BlackRock's Bitcoin ETF (IBIT), signaling significant institutional interest.
Notable Quote:
"Strategic bitcoin reserve is happening right now all around the world, not just in the United States of America, making one million imminent." — JV [28:00]
Timestamp: 28:26 - End
JV covers the political appointment of Howard Lutnick and its implications for the crypto market:
Confirmation Details: Howard Lutnick has been confirmed as the 41st Secretary of Commerce in President Trump's administration with a 52-45 Senate vote. Previously CEO of Cantor Fitzgerald, Lutnick holds hundreds of millions in Bitcoin and maintains strong ties to the crypto industry.
Role and Influence: As Commerce Secretary, Lutnick is poised to influence trade policies, potentially favoring cryptocurrency adoption and integration into national economic strategies.
Crypto Advocacy: Lutnick's substantial Bitcoin holdings and his company's stake in Tether underscore his commitment to the crypto sector, positioning him as a key advocate within the administration.
Notable Quote:
"Howard Lutnick immediately stepped down as CEO of financial services firm Cantor Fitzgerald after he was confirmed to lead the Department of Commerce." — JV [28:15]
Episode 1910 of "Crypto News Alerts" presents a multifaceted view of the evolving cryptocurrency landscape. From market analyses and institutional investments to global adoption trends and political appointments, Justin Verrengia offers listeners a thorough examination of the forces driving Bitcoin's trajectory towards a potential $1 million valuation. The episode underscores the increasing legitimacy and strategic importance of Bitcoin in both financial markets and governmental policies worldwide.
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HODL!