
"Trillion dollar buy orders on tap. God Candle incoming. $2,200,000 in play."
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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.
Laura
1, 2, 3 will that be cash or credit? Credit.
JV
4 Galaxy S25 Ultra the AI companion that does the heavy lifting. So you can do you get yours@samsung.com.
Laura
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JV
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Laura
Bitcoin is going up forever. Laura There is no second best in today's show Be sharing the latest Bitcoin technical analysis also strategies Michael Sailor hints at resuming his Bitcoin buying spree. He posts the Sailor tracker and for like the past 12 weeks every time he's post this the following day he makes the announcement. So it may be that 2 billion doll recent purchase and quoting the Gigachad I don't time the market, I buy Bitcoin. Relentless accumulation. You can say that again. We'll also be discussing Bybit ether reserves near 50% pre hack levels after 295 million dollar ether buy. And speaking of that, Samson mouse slams Ethereum and calls for a chain rollback after the hackers loot 1.4 billion from Bybit. We'll also be discussing a Bitcoin megaphone pattern forming and it can drive the bitty price to 270 to 300,000 per coin. Also Eric Trump tells Abu Dhabi that Bitcoin will hit a million per coin and Max Geyser says God candle incoming 2.2 million in play. Trillion doll buy orders on tap will also be discussed in the recent Abu Dhabi Sovereign Wealth Fund announcement of buying 436 million worth of the Bitcoin ETFs. We'll also be taking a look at the overall crypto market. All this plus so much more here on Sunday. Let's get 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 number 1914. I'm your host JV. It's February 23rd, 2025. It's a Sunday fun day. Church is in session. I'm going to be preaching the holy gospel of Satoshi for the next couple of hours. So let's kick it off with our market watch. You can see Bitcoin just above 95.8hundo at the time of the live stream. Up point. I'm sorry down 8% on the daily. As you can see here on coin360 we have ether. Ironic enough is pumping after this massive eth hack over on Bybit and they the hackers already exchanged a big bulk of it for bitcoin so they ultimately exchanged the fool's gold for the king. But anyways eth is up back above 2800 xrp in the red. Bnb in the red. Salon in the red. Cardano in the red and checking out coinmarketcap.com the current crypto market cap sits at $3.17 trillion. The Bitcoin market cap just shy at 1.9 trillion. We have 67 billion worth of volume for the past 24 hours and the Bitcoin dominance is currently 59.8%. With the Ether dominance back on the rise at 10.7% and checking out top 100 crypto gainers for the past 24 hours. Let's check this mofo out. It looks like we have mantra leading the pack up 10% followed by helium, followed by optimism. Let me know if any alts you're bullish on. The bulk of them are obviously cracking and in the red. So very modest gains overall across the market. And checking out the crypto bubbles we get a visual perspective on a daily safe to say 90% of the market. Corrective and in the red. Zooming out on the monthly for a broad broader perspective like 90 to 95 of the market rec city, pretty substantial losses in the altcoin market. And checking out the crypto green and fair index, we're dead in the middle of Little Italy. Little did we know that we riddles a middleman who didn't do diddly neutral with a 50, yesterday 49, last week of 54 and last month a 75 in greed. And if you don't know now you know. Let's actually pull up the time chain calendar. I forgot to pull that one up in advance for you guys. But taking a quick look here, you can see we're currently on block height number 885 019. We have 164981 blocks to the next haven. You currently exchange one fiat monopoly dollar for 1044 SATS. So pick up some sats, put down the gats and pick up some bitcoin caps from my man sergio over@bitcoin caps.net but yeah, let's continue headline here and we'll pull up the live charts as well. I think we start right here. Bitcoin Implied Volatility Nears Record Lows the strategy signals a Bitty Buy that's right folks. Here you're looking at a one hour chart. Bitcoin eyed 95, 000 into the February 23rd weekly close as signs pointed to a major bitcoin buy in by business intelligence firm Micro Strategy, now known as Strategy. And Don, take my word for it. I mean, here's the official post from Mikey Sailor. I don't time the market, I buy the biddy. Relentless accumulation. And every time he posts the Sailor tracker, there's always a big announcement the following day. Like clockwork. At least for the past 12 weeks. So most likely he's going to announce like a two billion dollar buy.
JV
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Laura
It could be less, could be more, but there was recently a $2 billion convertible note thingy, so I'm assuming it's going to be the full amount and especially when you got bitcoin on a discount like this. I'm sure he is grateful and appreciates, you know, the cheap bitties. So yeah, and we'll dive deeper into that of course, as it's our next story into Michael Sailor. So let's just continue with the Ta Dan crypto trades and others noted the decline in open interest across the exchanges dipping to its lowest level since February 9, as per data from Coin Glass. Quoting them here. Generally a lower open interest with a higher price is something that makes for a good reset. Even if it's just on the lower time frame. You still need the spot to take it from here. Meanwhile, buzz around Strateg came as of course Sailor just posts that chart which is going to most likely be a big announcement tomorrow. Again, we'll dive deeper into that here shortly. And on the topic of volatility on chain analytics from Glass Node reveal Bitcoin's implied volatility has rarely been lower. Implied volatility reflecting the standard deviation of the market returns from its mean. Quoting them here, Bitcoin's one week realized volatility has collapsed to 23%, nearing historical lows. In the past four years it has dipped lower only a few times. An example October of 2024 was 22%, November of 2023 21% and similar compressions in the past led to the major market moves. They further noted multi year lows in play for Bitcoin options. Implied volatility, an event that was previously followed by major volatility spikes. Meanwhile, longer term remains higher. Some more ta there for you, but let's actually move right into our live charts here for the Broskis of course and if we get an updated indicator, we get an eminator indicator. I'll be sharing it with you as the NIP is in the building as well today. So yeah, you should be able to see here. This is Coinbase Exchange pulled up via Trading View. This is the one minute chart. We do have a bullish pennant 96,200 which is like a 500 climb from where we're at and we'll work our way back. Here's the one hour and you can see there's a red target in play of 1045 on the one hour chart. Zooming out a little further, check out one of my favorite charts, the four Hour. The four hour chart says it's going up forever. Laura we do have the orange target on your screen sitting pretty at 130G's and we also have the Red Bull target of 1045 similar to the 1 hour and zooming out a little further, the daily chart. As you can see here we do have a rising wedge overall formation and we have been trading sideways and zooming out the daily. Taking a quick look at the weekly. As you can see in a couple of hours we actually get a daily CLO or the weekly close and looks like we're going to close in the red unless we transform and start marching north to 100 GS. But nonetheless this is the bull target we do have on the weekly chart. It's a cup and handle sitting at 124G's baby. And zooming out from there. We'll take a quick look at the monthly and as you can see thus far, February has been a little disappointing. Historically, February year preceding the having is bullish, but thus far we're in the red. Unless we obviously start climbing, we're going to close in the red. Less than a week left to go for the month, but there you have it. Let me know where you feel the pretty little bitty is likely to take us next. Let's discuss the latest from the Gigachad. Check it Headline reads Strategies Michael Sailor hints at resuming the Bitcoin buying spree and as I shared with you, he posted I don't time the market, I buy the bitcoin. Relentless accumulation and the theory behind that is it's impossible to time market. Everyone's waiting for the perfect opportunity to buy or sell. Sailor's like that. I'm just going to buy forever Laura, because it's going up forever. And he's not trying to outsmart the market or think he's smarter than everyone else. He's just continues to stack the SATs and dollar cost average and now his company is worth like $60 billion. Go figure. So yeah, Strategy formerly known as Micro Strategy Co founder Mikey Sailor posted the Bitcoin chart that signals an impending bitcoin acquisition after a one week purchase laps right on time Michael the company completed its latest purchase on February 10th by acquiring 7, 633 Bitcoin. That's more bitcoin than the country of El Salvador holds and they're just above 6,000. So just in a single swoop Sailors like yeah, I'm purchasing more bitcoin at a time than these countries. Valued at 742 million at the time, this bra strategy's total holdings and now 478,740. And according to the data from the Sailor tracker Strategies Bitcoin stash is worth over $46 billion at this current time and the company is currently up 47.7% on its investment. And that's without timing the market. Saylor previously disclosed the company sought to.
JV
Ramp up this episode 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 admin. I can see why they call it smart.
Laura
Learn more@amazonbusiness.com its use of intelligent leverage during Q1 of 2025 to finance more of the bitcoin purchases and create more value for strategies common shareholders as it continues to be the largest corporate hodler of the biddy and here you can see all the strategy purchases on the Tracker Sailor thing and despite concerns about the sustainability of the Big One acquisition plan, large financial institutions continue to invest in in the company through buying shares or fixed income securities. According to the Feb. 6 SEC filing, Black Rock, the world's largest asset manager with over 11.6 trillion in assets under management, increased its stake and strategy to 5%. I believe they're the primary shareholder right now. Ironic enough, Black Rock's filing came one day after Micro Strategy rebranded to Strategy and adopted a Bitcoin theme marketing scheme to reflect its core focus. Meanwhile, 12 US states currently hold Strategy stock as part of their pension program or their treasury funds, which include Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah and the beautiful state of Wisconsin. California State Teachers Retirement Fund, a state pension program for the public school teachers, had the most exposure out of the 12 state funds, with nearly 83 million of the strategy stock in its portfolio. And following closely behind California's pension program for school teachers was the California Public Employees Retirement System, the pension fund for the state employees, which holds approximately 76.7 million in Strategy shares. On February 20, Strategy announced the pricing of a 2 billion convertible note and its latest corporate securities offering to fuel more of the bitcoin acquisitions. Hence, which leads me to speculate there's going to be a two billion dollar purchase announcement tomorrow. Let's dive deeper into the Bybit hack. I'm sure you guys are aware Bybit ether reserves near 50% pre hack levels after the 295 million recent ether buy Bybit has regained half of its ether reserves following 1.4 billion crypto hack that sent shock waves through the global web3 industry. February 21 Bybit was hacked for over 1.4 billion, making it the largest or one of the largest hacks of all time worth of liquid staked ether, mantle staked ether and other ERC20 tokens, resulting in the largest crypto theft in history. Within two days of the attack, Bybit's ether reserves rebounded to nearly half the pre hack levels and there is a bounty offered by bybit for 10 of the hack, which is a pretty significant amount of money like 100 million plus, Bybit held more than 201,600 ether, accounting for 45 of the 439,000 ether it held before the hack February 20th and following the breach by bits ETH reserves had plummeted to just 61,000 ETH on February 21st. Part of the exchange's growing reserves are attributed to the spot buying Bybit bought 106,000 ether worth almost 300 million in over the counter trade since the exploit occurred according to the crypto intelligence platform. And I would imagine they have to because so many people are withdrawing their funds. There's a mass liquidity exodus meaning mass withdrawals. And I heard they was like 5 billion plus was withdrawed from the exchange since the time of the hack. Now crypto industry leaders and exchanges also rushed to assist Bybit with emergency transfers including 50000 ether from Banana, 40,000 ether from Bitget and 10,000 ether from Dujun, co founder of the HTX Group amongst others. Bybits recovery Exchange reserves and the exchanges continue user withdrawals are a robust sign of trust for the crypto industry. BYBIT process more than 350,000 withdrawal requests. Good Lord. In 10 hours after the exploit. Why? Because a lot of people are anticipating the equivalent of a bank run where everyone withdraws the funds and they don't have enough reserves to cover it, which the CEO claims can happen. They're claiming they have enough reserves on board, but you really never know because Bankman Fried claimed the same thing and then 24 hours later declared bankruptcy and everyone got screwed. So trust nobody, verify everything. Remove your crypto from the exchanges and put it in cold storage. Family BYBIT loan nearly 400 million since the exploit. The crypto industry provided by bit with 390 million in emergency liquidity through loans and transfers. Now my question is why would they need need this if they actually have the reserves? Does that make any sense? I'm just thinking out loud. Let me know. Including 127 million from Finance Link whales and 53 million from a single whale wallet according to look on chain. So it's very scary, especially if you guys have any crypto on that exchange. But anyways, following the hack the value of IBIS total assets fell over 5.3 billion including the 1.4 billion lost to the hack according to the D5 llama. Despite the 5.3 billion drop of the Buybit total assets following the hack, the exchange reserves still exceed liabilities according to independent proof of reserve audit hacking. Today's hack was massive, a tough hit for the industry. But here's the bottom line by bits reserves still exceed its liabilities as their independent.
JV
My dad works in B2B marketing. 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. Not everyone gets B2B but with LinkedIn.
Laura
You'Ll be able to reach people who.
JV
Do get a hundred dollar credit on your next ad campaign.
Laura
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JV
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Laura
Auditor we have confirmed that user funds remain fully backed. Now what led to the hack? ARCAM on chain Salute Zach XBT traced the Buybit attack to the North Korean state affiliated Lazarus Group, which is also the prime suspect in the 6 million ronin network hack. According to Mayor Dev Co Founder Chief Technical Officer over at Cyers, the attack share similarities with the 230 million wazier hack and the 58 million radiant capital hack. So many damn hack, it's crazy. Also said Ethereum Multi Sig co wallet was compromised to a deceptive transaction tricking signers into unknowingly approving a malicious smart contract logic change. Quoting them here, it seems that Bybit's ETH multisig cold wallet was compromised through a deceptive transaction that tricked signer into unknowingly approving a malicious smart contract logic change. That's very scary and we're going to dive deeper. In our next story, Samson Mao calling for Ethereum to roll back the blockchain reverse the transaction. Yes, they have the power to do so and they've done it before, just FYI. Which makes Ethereum that much more sus. But anyways, let's continue with the news. Speaking of that Ethereum hack, Samson Mao proposing for a rollback. Roll them, roll them, roll them, keep them. Blunts are rolling. Bitcoin advocate Samson Mouse says Ethereum should undergo a hard fork after the North Korean hackers stole the staggering 1.4 billion of ETH by exploiting BYBIT, which we just covered in greater detail and a new thread on X the Bitcoin maxi Samson Mao Shout out. Samson says the leading smart contract platform by volume should roll back as blockchain to return the money to buy it as well as prevent the North Korean government from weaponizing the looted ETH stash. Quoting Samson here, I fully support rolling back Ethereum's chain again so the stolen ETH is returned to Bybit and also to prevent the North Korean government from using those funds to finance their nuclear weapons program. It is not about what I want, it's about what's best for the entire Ethereum ecosystem, which I care deeply about. We cannot allow ETH to finance the North Korean nuclear program. Blockchain rollbacks reverse transactions that have already been confirmed to restore the chain to a specified earlier state and are usually performed after a network undergoes a major security breach. In the case of eth, a rollback will lead to a hard fork similar to the 2016 during the Ethereum DoW hack which thieves stole 3.6 million Ethereum Mal goes on to joke that the new rollback chain should keep the ticker even eth, while the current one should be renamed ethnk, noting that investors should think about refraining from trading ETH until things are figured out. That's the most hilarious thing ever. Quoting them here as Vitalik Buterin and I discussed the best way to roll back the Ethereum chain. It's best for everyone to stop trading eth, given that the rolled blockchain will have the ticker eth, it's prudent to remain or rename the current one ethnic like E Think, which I believe Supreme Leader Kim Jong Un will continue to run validators for. So we will have now eth, the real Ethereum and Ethnk, which coinbase should delist immediately. And of course there's Ethereum Classic let's get to work Broskis. And there you have it. Let me know if you agree or disagree with the proposal. You would think they could identify this Lazarus group, but apparently they're responsible for numerous hacks in the industry. And are they untouchable or something? I don't know anything about them besides the name Lazarus I recall from the Bible. Was that not one of the people that was it Jesus or God resurrected from the dead Lazarus? And apparently now they're hackers in North Korea. Ironic enough this next headline here reads Bitcoin's megaphone pattern is forming and it can drive the pre low biddy to 300,000 per coin. That's right. Bitcoin's bullish megaphone pattern signals a strong uptrend. It forms when the price makes higher highs and lower lows and a breakout above the upper boundary often leads to a sharp rally. Bitcoin cleared this level in November and as state above it which supports predictions of a major surge. Market analyst sees a clear accumulation pattern and he identifies a step like structure base 1 through base 4 showing steady price growth right before the breakout as he shares right here. Shout out Gert van Legan. He wrote Bitcoin on the one week get ready for the final leg. Up to 270 to 300G's price has broken out of the four year bullish megaphone pattern and retested it for three months successfully. Step like formation has been fully validated by the price discovery way beyond base four. And I believe you can clearly see in this chart. It shows you that next leg up.
JV
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Laura
Edu Let me know if you feel will likely rally the 300,000 and or in that range for this particular cycle. And he's actually quoting the Elliott Wave theory where there's like wave one, wave two, wave three, wave four, wave five and he believes after wave five will be in that territory around 300 GS. So yeah using the Elliott Wave theory he believes bitcoin is now on wave five, the final and most explosive phase. Based on the Fibonacci levels this can push the pretty little bitty between 270 and 300,000 per pretty little bitty. Now some see even bigger gains. An analyst compared to bitcoin price move to gold's historic bull run suggesting it can climb as high as 400,000 this cycle. While the economist Timothy Peterson projects 1.5 million price target for the pre low bitty. Now obviously you're going to have different analysts with targets all over the place because obviously it's all speculation at the end of the day. For example Samson Mao is still calling for 1 million per coin this year. Max Kaiser's calling for 2.2 million which we're going to dive into in our next story. JV's calling for a cycle peak for a bull scenario at 1.1 million per coin. My base case is 420 base for the Broskis and of course my bear scenario 222 same as bring facts you guys let me know where you feel the bitcoin price action will likely take us next when I read those comments out loud before we dive into our future story of the day. But now for our feature story of the day we're going to be discussing Eric Trump tells Abu Dhabi Bitcoin will hit a million dollars per coin. Max Kaiser says Max and Stacy strike again. The Mideast dam of demand has burst. Trillion dollar bitcoin buy orders on tap God candle incoming 2.2 million per bitcoin in play. And this is off the back of the news from last week of Abu Dhabi Sovereign wealth fund buying up $436 million worth of the Bitcoin ETF I believe through BlackRock in quarter one. And as you know, there's a lot of money coming out of Abu Dhabi and the United Arab Emirates over there at the uae. I believe Abu Dhabi is the capital. So let's dive into this. This, this is actually quite interesting. And of course the Eric Trump segment is when he spoke at the out at the Abu Dhabi event and he was very bullish and shared some very bullish things. So I'm going to actually quote him here. Speaking of bitcoin Maina's event being held at Abu Dhabi, Trump, Eric Trump, that is, said he was confident that bitcoin would hit a million. Quoting him here, he is going to be the crypto president. Trump said of his father. I really believe that this is the future of finance. And I can say with great pride that now that he has won the presidency, you're going to have the most pro crypto president in the history of America. Well, that's easy to accomplish. Have we ever had a pro crypto president? No, not at all. They've all been enemies of bitcoin. But I digress. As you know, bitcoin's been pumping. We actually hit the all time high on Trump's inauguration day which is currently109.3. So let me know when you feel we'll likely break that. And fast forwarding a little bit. Ironic enough, finally Abu Dhabi came out and made the announcement that their sovereign wealth fund is currently holding 436 million worth of Bitcoin. And that's when Max reposted this, that the trillion dollar buy orders coming from the Middle east are on tap and that the God candle is an incoming and that 2.2 million million per bitcoin is in play. And again, let's dive now a little deeper. In the final quarter of 2024, Abu Dhabi made a striking move in the digital asset space, revealing the 437 million investment into iBit, which is BlackRock's Bitcoin trust or you know, what is it called, ETF. The disclosure confirmed the filing with the US SEC, underscoring the growing institutional embrace a Bitcoin by sovereign wealth funds. The massive investment was made through Mabadala Investment Company one of Abu Dhabi's premier sovereign wealth funds, currently managing 280 billion worth of assets. So this is a very small investment in the grand scheme of things, of how much wealth they truly have. Their acquisition of 8.2 million IBIT shares aligns with the broader trend of institutional capital flowing into the digital asset sector, particularly in the Middle east where governments are increasingly integrating the blockchain tech and cryptos into their financial ecosystems. The timing of the investment is notable. It came as BlackRock, as you know, the world largest asset manager, secured a commercial license to operate in Abu Dhabi. That was back in November of 2024. IBIT, the dominant spot Bitcoin ETF by assets or management, currently holds 56 billion and reflecting the surge in institutional confidence in Bitcoin as a viable financial instrument. And also David Bailey Bailey, the CEO of Bitcoin magazine who is the one who helped orchestrate having Trump speak at the Nashville event. He says he knows for a fact that they're purchasing a lot.
JV
Get the Angel Reese Special at McDonald's. Now 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 drinks sound good.
Laura
Participating restaurants for a limited time of Bitcoin behind the scenes in which is not being announced. I tend to believe exactly what he is saying. And also Max Kaiser has said similar things as well regarding the Middle east and these big purchases happening behind closed doors because they don't have to announce everything they do. In fact if they did it would drive the bitcoin price parabolic and they get less bitcoin per dollar. So keep that in mind. Now this is not Abu Dhabi's first foray into digital assets. The Emirate has been actively exploring crypto related ventures including a significant investment into the bitty operations in 2023. That year Minor Marathon Digital in Abu Dhabi base zero to announce plans to develop a large scale Bitcoin mining complex in the capital city, further signaling the region's commitment to the future of digital finance. The revelation of Abu Dhabi's substantial Bitcoin stake also spark reactions from industry figures. Bitcoin evangelist Anthony Pompliano took the social media to highlight the strategic implications of the move. Quoting Anthony here, Abu Dhabi's dabi's sovereign wealth fund just revealed they're buying hundreds of millions of dollars of bitcoin and people still think the United States won't buy bitcoin. The strategic Bitcoin reserve is happening, it is just a matter of time and Pompliano posted that last week on February 15th. Let me know if you agree or disagree with Anthony Pompliano Now Mabu dollars move into Bitcoin ETF is part of the broader wave as institutional adoption marking a new era where traditional finance and digital assets are increasingly intertwined. With Abu Dhabi leading the charge in the Middle east, the question remains how long before all the other sovereign wealth funds follow suit? Or what if their 280 billion starts flowing more into the Bitcoin versus just a half a billion? Little easy peasy bearish little buy is all I gotta say. You guys let me know your thoughts and when do you feel we'll hit this 2.2 million target? And what do you feel the God candle will come as per the prediction from Kaiser alongside these trillion dollar buy orders. Holl at your boy and I'll read your comments out loud. Welcome everyone to the Q A segment of the live stream. Eric Trump. Is he the wrapped bitcoin enthusiast? That's him. So 90 ETH with Bitcoin only in the form of a lemon slice. FOMO equals limited supply. Bitcoin is bullish but taken a nappy like a bear because this cold is pissing. Yeah, I feel you. Trump needs to start buying because there will be none left for him if they don't. We can get passports and go to a smarter country. Exactly. Get your passport shandy, if you don't have it already. I think everything is sus. I trust bitcoin because I trust God. Amen. I trust nothing else. I just sent you the video of my cockatiel jv. He's in your dm. Awesome. I'll actually share it here in a second. Thank you for sharing. I heard Montana did not pass the biddy. Oh no, they didn't pass the bill. Arkansas is being retards too and our government is bestie with Trump. Try to make sense of that. Yeah, I saw. Was that the Huckabee lady? I reposted that. I saw you did a post something regarding Arkansas earlier. 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.
Episode 1914: “$2.2M Bitcoin In Play - Trillion Dollar Buy Orders On Tap” - Featuring Max Keiser
Release Date: February 23, 2025
Host: Justin Verrengia
Description: The premier daily show for Bitcoin and cryptocurrency enthusiasts, delivering the latest breaking news, technical analysis, and expert insights to keep you informed in the fast-paced world of digital assets.
[01:00] Host Justin Verrengia (JV) kicks off the episode with a comprehensive Market Watch, providing real-time updates on Bitcoin's current standing and the broader cryptocurrency landscape. At the time of the live stream, Bitcoin was slightly down 8% on the daily chart, trading just above $95,800. Other major cryptocurrencies like Ether (ETH), XRP, Binance Coin (BNB), Solana (SOL), and Cardano (ADA) were also experiencing downturns, reflecting a generally bearish market sentiment.
JV highlights the total crypto market capitalization at $3.17 trillion, with Bitcoin alone holding a market cap of approximately $1.9 trillion. The daily trading volume stands at $67 billion, and Bitcoin dominance is slightly under 60%, while Ether dominance is on the rise at 10.7%.
Notable Quote:
JV [01:00]: “Bitcoin just above 95.8hundo at the time of the live stream. Up point. I'm sorry down 8% on the daily.”
The discussion shifts to Michael Saylor and his company Strategy (formerly MicroStrategy), which is renowned for its aggressive Bitcoin accumulation strategy. Saylor's consistent public statements about his commitment to buying Bitcoin have recently garnered significant attention.
Key Points:
Notable Quote:
Laura [05:00]: “Saylor just posts that chart which is going to most likely be a big announcement tomorrow.”
One of the major stories covered is the Bybit hack, one of the largest in crypto history, involving the theft of $1.4 billion in Ethereum (ETH).
Key Points:
Notable Quote:
JV [16:56]: “We cannot allow ETH to finance the North Korean nuclear program. Blockchain rollbacks reverse transactions that have already been confirmed to restore the chain to a specified earlier state.”
Following the Bybit hack, Samson Mow has called for a hard fork of the Ethereum blockchain to reverse the malicious transactions.
Key Points:
Notable Quote:
Samson Mao [15:30]: “We cannot allow ETH to finance the North Korean nuclear program. It is not about what I want, it's about what's best for the entire Ethereum ecosystem.”
Bitcoin’s technical analysis reveals the formation of a megaphone pattern, signaling a potential significant uptrend.
Key Points:
Notable Quote:
Laura [22:51]: “Using the Elliott Wave theory, he believes Bitcoin is now on wave five, the final and most explosive phase. Based on the Fibonacci levels, this can push the pretty little Bitcoin between 270 and 300,000 per Bitcoin.”
A significant development in institutional adoption is Abu Dhabi's sovereign wealth fund investing $436 million in Bitcoin ETFs through BlackRock.
Key Points:
Notable Quote:
Anthony Pompliano [26:00]: “Abu Dhabi's sovereign wealth fund just revealed they're buying hundreds of millions of dollars of Bitcoin and people still think the United States won't buy Bitcoin. The strategic Bitcoin reserve is happening, it is just a matter of time.”
Eric Trump made a bullish statement at an Abu Dhabi event, forecasting Bitcoin to reach $1 million per coin.
Key Points:
Notable Quote:
Eric Trump [27:00]: “I really believe that this is the future of finance. And I can say with great pride that now that he has won the presidency, you're going to have the most pro crypto president in the history of America.”
The episode includes an interactive Q&A segment, where listeners engage in discussions about Bitcoin’s future, the credibility of institutional investments, and personal strategies for crypto investment.
Key Highlights:
Notable Interaction:
Listener Comment: “I trust Bitcoin because I trust God. Amen.”
JV Response: Encourages community engagement and reaffirms the importance of informed investment decisions.
JV wraps up the episode by summarizing the key takeaways: the resilient nature of Bitcoin despite market fluctuations, the rising institutional interest exemplified by Abu Dhabi’s investments, and the potential for significant price increases driven by both technical patterns and influential endorsements.
Future Projections:
Final Thoughts: JV emphasizes the importance of staying informed and being cautious with investments, encouraging listeners to participate actively in the crypto community and keep abreast of the latest developments.
Closing Quote:
JV [28:12]: “You guys let me know your thoughts and when do you feel we'll hit this $2.2 million target? And what do you feel the God candle will come as per the prediction from Kaiser alongside these trillion dollar buy orders. Holl at your boy and I'll read your comments out loud. Welcome everyone to the Q&A segment of the live stream. HODL.”
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HODL!
This comprehensive summary encapsulates the critical discussions, insights, and forecasts presented in Episode 1914, providing both newcomers and seasoned listeners with a clear and detailed overview of the episode’s contents.