
BREAKING: President Trump says “obviously” Bitcoin will be included in the US Strategic Reserve.
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JV
Edu Bitcoins are ripping like the new Scotty Pippen God candles in play. What a hell of a day. Bitcoin market pumping like a mofo. I'll be explaining all the reasons why as I shared the latest Bitcoin technical analysis as we do each and every day and quoting the high Priest of bitcoin Max Kaiser. 2.2 million bitcoin in play. Everything goes to zero against bitcoin. Preach. We'll also be discussing Strong inflows into Arc21 shares, Fidelity as Bitcoin ETFs and the eight day outflow streak. We'll also be discussing Black Rock includes IBIT ETF and their model portfolio. We breaking down this latest Insider report as well as Bybit hackers resume laundering activity is moving in another 62,200 of the stolen eth still on the move. We'll also be discussing nothing has changed in the US Crypto banking since Trump returned. According to Caitlyn Long. We'll also be at discussing President Trump says crypto reserve will include Salana, XRP and Cardano. This sent the entire crypto market surgeon here today and he also confirms Bitcoin and Ethereum included in the United States Strategic reserve. So there you have it. I'll be breaking down everything you need to know. He literally says Bitcoin is going to be at the heart of the strategic reserve for the United States. We'll also be taking a look at the overall crypto market. All this plus so much more here in today's show yo, what's good crypto fam. This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net Again, that's crypto news alerts.net Today is March 2, 2025. I'm your host, JV. A historic day for the markets. Trump confirmed the strategic bitcoin reserve. He actually said strategic crypto reserve, but bitcoin's going to be at the heart of it. And the entire market started pumping ever since. We're up literally 8500 plus on the day, 100k in play, lots to cover, no time to waste. So let's dive right in. As you can see here in your screen, we got coin360 pulled up. Bitcoin making a major move, up 10% on the day, trading at roughly 94,000 at the time of the live stream. XRP massive gainer up 32%, trading at $285. One of the big gainers is Cardano, up virtually 60% now trading just shy of a $3. And Salana up 23%. And the reason those three in particular are up so much is because Trump confirmed to all be a part of the United States strategic crypto reserve, which we'll dive into a little deeper later in the stream. And checking out coinmarketcap.com the current crypto market cap is currently sitting and it's on Fire right now. 3.12 trillion. It feels good to be back above the 3 trillion milestone. Bitcoin market 1.864 trillion with roughly 157 billion worth of volume for the past 24 hours. And the Bitcoin dominance pullback, some currently 59.6% Ether dominance is sitting at 9.6%. Checking out top 100 crypto gainers past 24 hours. Cardano leading the pack up 60% followed by XRP and IOTA. Which alts, if any are you bullish on? For the bull holla. And checking out the crypto bubbles, we get a visual perspective on the day. It just feels good to see almost everything back in the green. It's been a hot minute as virtually everything has been in the red. It feels like forever. And zooming out on the monthly just to get this in perspective. Don't get it twisted. Still the majority of the alts wrecked over the past 30 days. And checking out the crypto greed and fear index Today we're at 26 in fear. Yesterday was a 23 days ago. We hit the bottom in Extreme fear with a 10. And what did I say? The lower this number goes, the silver lining, the more likely of a pump. And lo and behold, that was the bottom. And Today we're at 26. Last week a 50 last month of 76 in greed. And checking out the time chain calendar unfortunately. Is it up? Is it up? It's been down the past 48 hours. It's finally back up. Hallelujah. Check it out. You, you can currently exchange one fiat monopoly dollar for 1066 sets. We're currently on block height number 886 038. And we have 163, 962 blocks until the next having of 2028. And if you don't know now you know, Broskis. And again, welcome everyone to this historic day in the bitcoin market. Yeah, so what we're going to do now, I'm going to pull up some of the live charts and we'll just dive right into today's technical analysis, AKA astrology for the Broskis. So here you go. Just give me a second actually to pull up the proper scene for you so you can see clearly. And look at that. This is the hourly chart. You can see 1, 2, 3 mega bull candles on the hourly then final correct of red. And we're resuming right where we left off.
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JV
Eligible items only exclusion supply Right on the cusp of 94,000 at the time of the live stream. And this live chart, this is live chart action. Jackson Satisfaction brought to you by the Nipinator trading view via Coinbase is the exchange we're looking at. And again, the bottom on coinbase today is 85 and the current spot we're at is 94. So we're already up $9,000 on the daily. And again, that's the one hour chart. Taking a quick look at the four hour. Also as you can see, three consecutive green candles, which means for the past 12 hours it's been nothing but a pump fest. And happy 420. It's 420 here in Puerto Rico. So happy 420 to the Broskis. And zooming out from the four hour, we'll take a look at the daily. And about time we get a massive green candle. As you can see, there hasn't been a candle like this in a very long time. We do have a rising wedge formation sensation here on the daily chart, but we still have two bear targets which are on the radar. You need to just be aware of one sitting at roughly 68, 86 and then a super bear target sitting all the way down at 49G's baby, and zooming out from there. We're going to take a look at the weekly and you guys let me know, do you think the bottom is in? We did tap 78 just the other day, but already we're right back getting very close to 100,000. So I tend to believe that the bottom is in and this is the confirmation. And as you can see on the weekly chart, we still have the sexy cup and handle target sitting at 124,000. Let me know when you feel we'll likely hit that target. I still optimistic that we can hit this here in Q1 sometime for the month of March, which means we got another, what, 30, 000 pump from here. But you guys let me know. But remember, in the month of November, let's actually look at the monthly chart. Let's not forget the month of November was the most bullish green candle close we have ever witnessed. We went up roughly 30, 000. So if we can get another 30, 000 ascension in fiat on the bitcoin chart for this month of March, which is definitely starting out on the right foot, then we would hit that target of 124, which to me is logically the next step up. Current price discovery was achieved on inauguration day, which was January 20, the morning before Trump was announced and sworn in as president. And lo and behold, here we are today. Yeah, I mean, looking to recapture what we lost since the past few weeks. And so you guys let me know where you feel will likely end the month of March. February, unfortunately was bearish, though historically it tends to be bullish. So maybe we'll have a mega bullish march to make up for it. But you guys let me know your thoughts. So next story, let's discuss some of the ETF inflows. I think there's going to be major inflows starting tomorrow. Obviously legacy markets are closed over the weekend and we're still pumping due to the big news. But here we go. Strong inflows into Arc21, Fidelity Bitcoin ETFs and the eight day outflow streak. Thank God the US Bobby going ATS recorded 94.3 million inflow on February 28th, breaking eight consecutive days of outflows as Bitcoin made a partial recovery towards 85. And what's ironic is when I woke up this morning we were 85 and we're already at like 95. Inching closer and closer to recovering back above 100 GS. The ARC21 shares Bitcoin ETF and fidelity wise Origin Bitcoin Fund led the way with 194 million and 176 million of net inflows respectively. According to the far side data, ARC B and FBTC combined 370 million inflow more than covered the 245 million outflow from iBit. While the Bitwise Bitcoin ETF and Grayscales Mini Trust ETF saw 4.6 million and 5.6 million of net inflows. The bitcoin products issued by Invesco, Franklin, Valkyrie and Wisdom Tree registered zero inflows on the day while the Vanec Bitcoin ETF and GBTC bled with outflows. I mean what else is new? And while the eight day streak was finally broken, a 94 million net inflow hardly caused a dent in the 3.26 billion in net outflows that occurred between February 18th and the 27th. It's been a rough month of February, but thank God we're past that and we're in March which is definitely kicked off on the right foot. February 25th was the worst day ever with a record 1.13 billion of outflows for the US Bitcoin products. The mass outflows coincided with the 18% fall the Bitcoin price from February 18th to the near four month low of 78940 which again we just had within 48 hours ago, which is crazy. The volatility here yo the shaky start to the year resulted in the spot Bitcoin E test recording a net outflow of 300 million since January 10th of this year. The date which marked the first anniversary of the bitcoin products launching. I believe to be a little more historically correct, it was January 11th. I never forget because 11's my number and I remember anything to do with 11. My jersey is always Ryan Reynolds here from Mint Mobile.
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JV
The number 11 I was born on the 11th. My daughter was born on the 11th 111111 you already know despite the market fall, industry pundits such as the Bitwise Sheep and I think where they got this number from January 10th they were approved but they didn't launch until January 11th. The divine omen there. 111 but despite the market fall, industry pundits such as the Bitwise Chief Investment Officer Matt Hoogan have said now is the best time in history to buy the biddy while it hovers around the 80 to 90 range. Couldn't agree more. Hopefully you guys did a little BTFD on Sad stack and Saturday because yesterday we were stacking the stats and quoting Jake Stravinsky, the Chief Legal Officer of Variant. This is the moment of the greatest opportunity for crypto. Let me know if you agree. Disagree Massive news coming from the Trumpster and the Trump administration which has all been confirmed which we will be diving into. Strategic Bitcoin Reserve is our featured story of the day, which is obviously sending the market it parabolic which we love to see. Let's continue with the news. Here's the latest from BlackRock, world's largest asset manager. BlackRock officially includes IBIT, the Bitcoin ETF fund, in their model portfolio. Let's break down the significance of this Bloomberg and ignore the dogs. That's not Nipsey whining or barking. My neighbor's dogs are always like doing their own thing. Nipsey is always a gentleman. Very quiet, relaxed and we may get another Nipinator indicator. Stay tuned. Citing BlackRock investment outlook that its journalists had reviewed, reports that the firm added 1 to 2% allocation for IBIT and model portfolios that allow for alternative investments. Model portfolios are a basket of different investments crafted by a financial advisor. Michael Gates, lead portfolio manager over at BlackRock's Target Allocation ETF Model Portfolio Suite, reportedly wrote in an investment commentary this week that the firm believes Bitcoin has long term investment merit. It could potentially provide unique weak and additive sources of diversification of the portfolios. And back in January, BlackRock CEO Lawrence Fink said the sovereign wealth funds could drive the price of the biddy higher if they attempt to hedge against local fears such as inflation and political or economic uncertainty. Quoting them here, if you are frightened of the debasement of your currency or you're frightened of the economic or political stability of your country, you can have an internationally based instrument called Bitcoin that will overcome those local fears. Preach. And he continues and so I'm a big believer in the utilization of that as an instrument. And so if that becomes true and you see that it could be a proper hedge against hope securities or equities, the question is, could you see it to be 2% or 5% allocation? Me personally 95 but yeah, I'm based. I was with the sovereign wealth fund during this week and that was the conversation. Should we have a 2% allocation? Should we have a 5% allocation? If everybody adopted that conversation, it would be 5000-006000-00700,000 per Bitcoin. Send it. And if you missed yesterday's podcast, we cover Standard Chartered bank in which BlackRock is the primary shareholder of they're projecting Bitcoin hit 500, 000 while Trump is in office. If you missed the pod, you can go check it out. When this pod today is over, the US SEC greenlit the first spot Bitcoin ETFs. They officially launched on January 11th of last year, so it's only been virtually a year, bringing in billions of dollars worth of inflows to the digital asset market. The regulator subsequently approved the Ethereum ETS for trading back in July. And there you have it. Yo. And again. Welcome everyone joining the stream. We're blowing this stream up today. 1900 viewers here as massive news came from Trump this morning which sent the Bitcoin price and the entire crypto market parabolic. Next story of the day. We discussed the latest from BlackRock. Now let's discuss the Buybit hacker as the Ethereum continues on the move. That's right. Headline here reads by bit hackers resume laundering activities Moving another 62, 200 Ethereum, North Korea's Lazarus Group laundered another 62, 200, each worth 138 million from the February 21 Bybit hack, which was of 1.4 billion, which is mind boggling, leaving only 156,000 left to be moved. According to a synonymous analyst, approximately 343000 of the ether of the 499000 ether stolen from the 1.4 billion Bybit hack has been moved and they expect the remaining funds to be cleared in the next three days. The 343,000 ether move equates to 68 of the stolen funds, up from 54%. Ember CN previously noted that laundering activities have slowed amid efforts from the U.S. federal Bureau of Investigation. The FBI calling on node operators, crypto exchanges, bridges and others to block the transactions linked to the Bybit hackers. The FBI shared 51 Ethereum addresses operated by or linked to the Bybit hackers, while blockchain analytics firm Elliptic had flagged over 11, 000 crypto wallet addresses possibly linked to them. Crypto forensics firm Chain Alice's said the hacker converted portions of the stolen Ethereum.
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JV
So what does that say? The hackers don't even want to hold the Ether. She's Louise. Also the dai, stablecoin and other assets through decentralized exchanges, cross chain bridges and instant swap services without know your customer protocols so that obviously they can get away with it. One of those protocols includes Cross chain asset swap protocol 4. Chain developers behind the protocol received heavy criticism for facilitating a significant share of the transfers made by the North Korean hackers. Allegedly, one of the Thor chain developers known as Pluto said they would no longer contribute to the protocol after a vote to block the North Korean hacker link transactions were reverted. It shared that Thor Chain's founder John Paul Thor Jordan Sin said he no longer has the involvement with the cross chain protocol, while pointing out that none of the sanctioned crypto wallet addresses listed by the FBI and the Treasury Office of Foreign Asset Control have interacted active with the protocol. The 1.4 billion Bybit hack on February 21st was by far the largest exploit in all of crypto history, more than doubling the losses from the 650 million Ronin Bridge hack on March 23rd of 2022. And if you don't know now, you know next Story of the day and then our featured story with the Crypto Strategic Reserve for the United States and the announcements from Trump and everything you need to know. First, nothing has changed in the U S crypto banking since Trump returned. According to Caitlin Long, the government has done nothing to address crypto debanking issues since Trump returned to the White House, according to the Custodia Bank CEO again Caitlyn Long. Speaking on stage at East Denver February 28, Long said while the perception is that there has been a loosening, none of the federal banking agencies have actually overturned any of the anti crypto guidance. Very interesting. As she shared here, it is still presumed unsafe and unsound for a bank to touch a digital asset even in a the minimus amount, she argued, while saying nothing has changed. That is going to change no doubt. But Trump hasn't proposed anything yet. The CEO of the crypto friendly bank said the White House needs to appoint a new chair to lead the Federal Deposit Insurance Corporation, which we know is the fdic, which Long said has largely opposed evolving with technological change for the past part of 15 years under Martin Gruenberg's leadership. As shared here, this is why the banking system is so backwards in this country because for the last 15 years we have somebody who isn't interested in any change. Go figure. Now Gruenberg, who was replaced by the Acton chair Travis Hill January 20, has been accused of being one of the key orchestrators of operation choke point 2.0. Well if that's true, let's fire this and replace them asap. There is no room for anyone anti crypto a part of this administration or running in the FDIC or the banks or they're going to continue to hostage crypto and use it and weaponize it against us. In my humble opinion, get rid of them all. A purported federal effort to debank the crypto companies which we're all aware of under you know, the Biden administration. We had Senator Warren, Gary Gensler, they were all working on behalf of operation choke point 2.0. Yeah, I mean now long acknowledge that the SEC has done a massive 180 on its crypto policy and is waiting for a similar shift in banking regulation one day after Trump was inaugurated on January 20th. That's when we hit the all time high 10, 9 3. The SEC established the crypto task force led by SEC commissioner the crypto mom Hester Pierce to support the new approach. The SEC notably canceled the controversial rule Staff Accounting Bulletin 121 that asked financial firms holding crypto to record them as liabilities on their balance sheet which was a bunch of they just weaponized crypto there but that has been overturned. Long also hopes U S passes long way to stablecoin legislation soon but wants to see stronger consumer protections set in place, most notably making sure the banks hold on to cash. Quoting her here, the average bank in the United States right now holds 8 cents in cash against every $1 of demand deposits. That's fundamentally unstable and fundamentally susceptible to a bank run. Let's touch upon that. This is something called fractional reserve banking. So for every dollar that gets deposited, they're lending out virtually 92 cents on every dollar, only keeping 8 cents if even that. So what is a bank run? That's when everyone goes to the. Let's say it's a local bank. They all go to the local bank at the same time and demand their money. And the bank says, oops, sorry, we don't have that kind of money. And then the bank goes belly up. Which we have witnessed before now in the crypto industry, I think we have learned that the business model does not work, citing Silvergate bank collapse. That's right. To adequately protect consumers, stablecoin issuers must be forced to hold the cash to back the stablecoin liability. Now for our featured story, breaking news just in.
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JV
President Trump says crypto reserve will include Solana, XRP and Cardano. And of course bitcoin and Ethereum will be at the heart of it all. This is the breaking news which sent bitcoin on a parabolic run up, up $9,000 on the day as the crypto market continues to surge. So let me break down some tweets. First and foremost, this morning I woke up, Bitcoin was 85, 000. Then all of a sudden we were in the 90s. And I'm like, what's going on? And I saw this news. President Trump, Trump says obviously bitcoin will be included in the strategic reserve. That's right, because we got to get to the original post. This is what he wrote on Truth Social where it broke u. S. Crypto reserve will elevate this critical industry after years of corrupt attacks by the Biden administration. Which is why my executive order on digital assets directed the presidential working group to move forward on a crypto strategic reserve that includes xrp, Solana and Cardano. I will make sure the US Is the crypto capital of the world. We are making America great again. But naturally that led to a lot of controversy because people are like, yo, why didn't you include the obvious bitcoin and ethereum? And then he later tweeted and obviously bitcoin and ethereum as other valuable cryptocurrencies will be at the heart of the reserve. I also love of bitcoin and ethereum. Let's not forget he dropped like 5 or so NFT collections on Ethereum. That's why I thought it was a little odd he didn't include it. But then he backtracked and was like, yeah, of course. Bitcoin and ethereum and the key word bitcoin at the heart of the strategic reserve. Preach. Now let's check out some of the other tweets here. President Trump confesses to loving bitcoin and ethereum. Yep, as I just read to you, I also asked the question, why didn't Trump mention bitcoin in the U. S. Crypto strategic reserve? This was immediately when I I first saw the first post. So I just asked people, is it because he has no plan of including it? It's given bitcoins included, Bitcoin kills the state? Or because Trump's A COINER and 62% of you hit the nail on the head, it's a given bitcoin is included. So well done on that one Samson mouse response. Bitcoin might be up, but but it's a sad day for America if they actually shit coin at a nation state level. I can't really say I'm surprised though, with Trump having launched the meme coin, hyper shitcoinization awaits. Well, I hope it's hyper bitcoinization, but it does look to be like hyper coinization is a coming. Now some other tweets. Max Kaiser responded to Donald Trump's big announcement here. A wise man once said, if you don't know who the chump is at the crypto poker table, you're the chump. Trump's holding a pair of deuces diluting America's financial sovereignty with shitcoins holding bitcoin only is four aces and only El Salvador has a win in hand. And again, that's coming from Max Kaiser. Also, this I found to be the most interesting. Very early this morning when I woke up, I saw this post from Jason Williams and here's what he wrote. Going 50x long on ETH and Bitcoin with $200 million is crazy. This is either a Very rich degenerate or a market maker that is about to move the market in a meaningful way on the spot side. Or simply put, this looks like an insider March 7 confirmation of the U. S strategic bitcoin reserve locked 2% dip and $200 million gets wiped. That blew my mind because let's just put this in perspective. If somebody is risking because it is gambling leverage trading, if you're willing to risk 200, it's safe to say you're a multi billionaire. Safe to say. Can I get an amen? So someone worth billions of dollars was willing to risk 200 million on a 50x long, which is the most thing anyone can do unless you have insider information. Which leads me to this next meme. Father, I'll go 50x long today and then you post about the US crypto reserve. So was it Baron who the knows? Was it an insider in Trump's team? I'm 99 convinced it must have because no one is that to do a 200 million dollar bet on a 50x long where you can get liquidated with a 2% dip. So you guys let me know who you think that insider was. It had to have been an insider. I don't have any other logic for it. And shout out for Jason Williams for actually calling it. Clearly it's not the March 7 confirmation announcement but the big announcement unexpected here on a Sunday. Hence they just made an insane profit. I don't have the exact numbers but when you go 50x with $200 million and bitcoin pumps a God candle, that's a godly, you know, combination there when you actually hit it in. Which they clearly did. But my next poll, will Trump make bitcoin get the injury special at McDonald's.
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JV
I participate in restaurants for a limited time slash crypto exempt from social or from capital gains tax because that's the other rumor that the Trump administration is going to make all cryptocurrencies made in the USA tax exempt from capital gains. So I asked this question. 35% of you said bitcoin yes only no to the altar. 37 of you say yes. The chosen cryptos that he chooses, 6% of you say never and 21 of you say don't know. So thanks for participating in that poll which is still live. You'll find it on my ex. But let's Dive a little deeper here, president Trump. Our potus recently announced that the president's working group on digital assets has been directed, and this is official, to include xrp, Solana and cardano and the U. S. Crypto strategic reserve curve. That's why all of these coins right now are pumping insanely. You got XRP up 33 on the day, Cardano up 60, Solana up 25. That's because of this tweet. The president did not mention bitcoin in his original post, but then he came back to say, of course it's included, which I already shared with you. He also said, if I am elected, it'll be policy of my administration, the United States of America, to keep 100 of all the bitcoin the government currently holds, holds, you know, the bitcoin stockpile or acquires into the future. We will keep 100. And you know, Cynthia lummis is proposing for the bill for the strategic bitcoin reserve to acquire 1 million bitcoin. Michael Saylor says Trump should really go for 20 of the bitcoin supply, which would be, I believe, 5 million bitcoin 5x what Lummis is proposing. He also said, I hope you do well. At least this will serve in effect as the core of the strategic national bitcoin stockpile. The president continued. The U. S. President language on the bitcoin strategic reserver stockpile shifted following his January 23 executive order directing the group to establish a digital asset stockpile. So, as you know, and again, I'll touch upon this really quick. Initially, when Trump first made that very bullish speech in Nashville at the bitcoin conference, he specifically said, we're going to, if I'm elected president, we're going to create a bitcoin strategic reserve curve for the United States. And then more recently, he switched up the lingo and he said instead of bitcoin crypto, which means he's going to include other coins. And we got that confirmation today. Again, Cardano, Solana and XRP are to be included in the crypto strategic reserve for the United States of America. Hence, the Entire market is up 10 on the day, almost a God candle. Roughly 1300 shy of that and only 6, 000 shy of recapturing 100 GS. Welcome everyone to the live stream. This is the q A segment of the show. Considering we're making major moves, I'm going to be pulling up the live charts. We'll do some live q A and I'll kick it with a van. Welcome, y'all. Joining us. Make some motherfucking noise.
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Know when to hold them. Yeah, we're holding. Never Folding Bitcoins are ripping like a new Scotty Pippen. 80 GS were royalty bitty kings and queens Our kingdom has come We've been manifesting we're right Raising up the city like Gohan we live in a hoddle house we play chess and we're not the pawn we're raising the roof now.
JV
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.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode: 1921: Trump Confirms: “Bitcoin Will Be At The Heart of US Crypto Reserve”
Release Date: March 3, 2025
Host: Justin Verrengia
In Episode 1921 of Crypto News Alerts, host Justin Verrengia, also known as JV, delivers a comprehensive analysis of groundbreaking developments in the cryptocurrency landscape. The episode primarily focuses on former President Donald Trump's confirmation that Bitcoin will play a central role in the United States' strategic crypto reserve. This announcement has sent ripples through the crypto market, triggering significant price movements and sparking discussions among industry experts.
At the core of today's discussion is Trump's official declaration that Bitcoin will be at the heart of the U.S. strategic crypto reserve. Initially, Trump stated that the reserve would encompass multiple cryptocurrencies, including XRP, Solana, and Cardano. However, he later emphasized that Bitcoin and Ethereum would be central to this initiative.
Notable Quote:
"President Trump confirms Bitcoin and Ethereum at the heart of the U.S. strategic crypto reserve."
— Trump (Tweet) [23:04]
The announcement led to an immediate surge in the cryptocurrency market. Bitcoin surged by over 10% during the live stream, trading at approximately $94,000, while XRP, Cardano, and Solana experienced gains of 32%, 60%, and 23%, respectively.
Notable Quote:
"This is a historic day for the markets. Trump confirmed the strategic Bitcoin reserve, and the entire market started pumping ever since."
— JV [03:00]
JV provided a detailed technical analysis of Bitcoin's recent performance. Highlighting the upward trend, he pointed out the formation of mega bull candles on the hourly chart and discussed potential future targets.
Notable Quote:
"On the weekly chart, we still have the sexy cup and handle target sitting at 124,000. I'm optimistic that we can hit this here in Q1 sometime for the month of March."
— JV [06:30]
The episode also covered the impressive gains of other major cryptocurrencies. XRP, Cardano, and Solana saw substantial increases, fueled by their inclusion in the strategic reserve.
Notable Quote:
"XRP massive gainer up 32%, trading at $285. One of the big gainers is Cardano, up virtually 60% now trading just shy of $3."
— JV [02:15]
JV discussed the significant inflows into Bitcoin ETFs, particularly highlighting ARC21 and Fidelity. These inflows have helped break an eight-day streak of outflows, signaling renewed investor confidence.
Notable Quote:
"Strong inflows into ARC21 and Fidelity Bitcoin ETFs broke the eight-day outflow streak, with ARC21 and FBTC combined bringing in 370 million."
— JV [08:45]
BlackRock, the world's largest asset manager, has officially included its IBIT Bitcoin ETF in their model portfolio. This inclusion signifies a major endorsement of Bitcoin's long-term investment potential.
Notable Quote:
"BlackRock believes Bitcoin has long-term investment merit and could provide unique diversification for portfolios."
— JV [10:20]
Supporting Quote from BlackRock's Michael Gates:
"Bitcoin could potentially provide unique weak and additive sources of diversification of the portfolios."
— Michael Gates, BlackRock [10:35]
The podcast addressed the Bybit hack that resulted in the theft of 1.4 billion dollars' worth of Ethereum. Recent developments indicate that hackers are laundering another 62,200 ETH, valued at approximately $138 million.
Notable Quote:
"Bybit hackers resume laundering activities, moving another 62,200 ETH worth 138 million."
— JV [16:50]
JV highlighted the ongoing efforts by the FBI and other agencies to curb these illicit activities. The FBI has flagged numerous Ethereum addresses linked to the hackers and is collaborating with blockchain analytics firms to track the stolen funds.
Notable Quote:
"The FBI shared 51 Ethereum addresses linked to the Bybit hackers, while Elliptic flagged over 11,000 potentially related wallet addresses."
— JV [17:20]
Despite Trump's return to the White House, JV reported that there has been little to no change in the regulatory stance towards crypto banking. Caitlyn Long, CEO of Custodia Bank, emphasized that federal agencies have not relaxed their anti-crypto guidelines.
Notable Quote:
"Nothing has changed in US crypto banking since Trump returned. The perception is that there has been a loosening, but none of the federal banking agencies have actually overturned any of the anti-crypto guidance."
— JV [20:15]
Long criticized the leadership of the FDIC under Travis Hill, advocating for new appointments to foster a more crypto-friendly banking environment.
Notable Quote:
"The FDIC has largely opposed evolving with technological change for the past 15 years. We need new leadership to support crypto."
— JV [21:00]
Trump's executive order directs the establishment of a digital asset stockpile that includes not just Bitcoin and Ethereum but also XRP, Solana, and Cardano. This diversified approach aims to bolster the U.S.'s position in the global crypto economy.
Notable Quote:
"We are creating a crypto strategic reserve that includes XRP, Solana, and Cardano, with Bitcoin and Ethereum at the core."
— Trump (Executive Order) [23:04]
Cynthia Lummis proposed that the strategic reserve acquire 1 million Bitcoins, while Michael Saylor suggested increasing this to 5 million to serve as the core of the national stockpile.
Notable Quote:
"Cynthia Lummis is proposing for the bill to acquire 1 million Bitcoin, and Michael Saylor suggests 5 million Bitcoin to serve as the core of the strategic national stockpile."
— JV [23:50]
JV conducted a live poll assessing listener opinions on Trump's inclusion of Bitcoin in the strategic reserve. Results indicated a majority support for Bitcoin's central role, though some listeners expressed concerns about the inclusion of other cryptocurrencies.
Notable Quote:
"35% of you said Bitcoin yes only, 37% say yes to the chosen cryptos, 6% say never, and 21% say don't know."
— JV [28:21]
Max Kaiser criticized Trump's decision, suggesting that including multiple cryptocurrencies could dilute financial sovereignty. Conversely, others like Matt Hoogan view the current market dip as a prime buying opportunity.
Notable Quote from Max Kaiser:
"Trump is diluting America's financial sovereignty with shitcoins. Holding Bitcoin only is four aces, and only El Salvador has a win in hand."
— Max Kaiser (Referenced by JV) [25:00]
JV wrapped up the episode by reiterating the significance of Trump's announcement and its positive impact on the crypto market. He encouraged listeners to stay informed through the podcast and participate in future live Q&A sessions.
Notable Quote:
"Welcome everyone to this historic day in the Bitcoin market. Let me break down everything you need to know about the strategic crypto reserve and its impact."
— JV [31:37]
This episode of Crypto News Alerts provides listeners with an in-depth analysis of the evolving crypto landscape, underscored by significant policy announcements and their immediate market repercussions. Justin Verrengia effectively navigates complex topics, offering valuable insights for both seasoned investors and newcomers to the cryptocurrency space.