
Michael Saylor’s firm, Strategy, will offer $21 billion in preferred stock as a means of building up its Bitcoin stockpile, a March 10 press release from the Virginia-based software company states.
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JV
Express Can Express Welcome Crypto Fam to number one daily Bitcoin pod. In today's show, I'll be sharing the latest Bitcoin technical analysis as well as US Canada Tara Flip flops have the Bitcoin miners on their toes. We'll also be discussing CZ Deny's recent report of Binance deal and defends Trump. We'll also be discussing the US Bitcoin ets finally break their outflow streak with 13.3 million worth of Bitcoin ETF inflows. Also breaking news Rumble embraces the Trump era crypto Strategy with a 17 million BTC purchase. We'll also be discussing the latest from Michael Sailor Strategy to sell 21 billion and prefer stock to make a 21 billion Bitcoin acquisition. 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 crypton news alerts.net again that's crypto News Alerts. Net. Today is spot episode 1932. I'm your host JV. Yeah it's March 13, 2025. Market is correcting, currently just above $80,000. Let's kick it off with our market watch as we do each and every day. Bitcoin down 3%, Ether down 1% XRP, BNB, XLM and Tron in the green but barely. And checking out the coin market, Capcom. We're currently sitting at a 2.62 trillion crypto market cap the bitcoin market cap all the way back down to $1.593 trillion. We got roughly 92 billion worth of volume for the past 24 hours and the Bitcoin dominance is currently at 60.7% Ether dominance all the way down to 8 and a half percent. And checking out top 100 crypto gainers past 24 hours we got Sonic, Stellar and Caspa very modest gains as the majority of the market is correcting. And in the red let me know which alts if any you're bullish on for the bull. Holl at your boy. And checking out the crypto bubbles we get a visual perspective on a daily, Safe to say 90% of the market in the red and zooming out on the monthly it's like 95% of the market in the blood red rec city tis what it is. And checking out the crypto green index today we're all the way up 45 fear, yesterday 34 last week at 25 in extreme fear and last month of 47 neutral. And checking out the time chain calendar we're currently on block number 887646 and we have 162,354 blocks into the next having of 2028 and you currently exchange one fiat monopoly dollar for 1244 SATS to pick up the stats, put down the gats, pick up some bitcoin cats from my man Sergio over at bitcoincaps net and if you don't know now you know Brosis. Let's continue dive into Today's technical analysis aka astrology for the Brosis Bitcoin price drops 2% as the falling inflation boost the US trade war fears and here's the young Jedi right here dueling it out for the battle of the bitty. Anyways, Bitcoin shrugged off gains at the March 13 Wall street open as the US inflation markets continue to fall here you're looking at a one hour chart. I'll be pulling up the live charts here shortly. Trading view show showed Bitcoin circling 815. We're currently at 300. At the time of the live stream the February print of the PPI came in below the median expectations. Copying the CPI from the day prior quoting the Bureau of Labor Statistics on the unadjusted basis the index for final demand advanced 3.2% for the 12 months ended in February. So in February a 0.3% increase in prices for the final demand goods offset a 0.2% decline in the index for the final demand services and already a double tailwind for crypto and risk assets. Cooling in inflation also stunted a rebound of the US Dollar strength as viewed here. You can see from the DXY chart now. Despite this, both stocks and crypto remain unmoved. Leading trading resource Kabisi letter the tie in the ongoing US Trade war. Quoting them here as we have seen, the market has had a very muted reaction to inflation data that would have previously sent the S and P sharply higher. Why is this the case? This data provides President Trump a reason to keep doing what he is currently doing. I mean, look at the S P chart not looking so great right now. This is exactly why markets are not recovering losses. Following some of the best inflation data in months, it continued, suggesting traders should buckle up for more of the volatility in a week before the Fed's interest rate decision, which is coming next. Market expectations for financial easing remain similarly lackluster, with a chance of a cut of just 1% per data from the CME. Still getting around to that fix on your car? You got this on ebay you'll find millions of parts guaranteed to fit. Doesn't matter if it's a major engine repair or your first time swapping your windshield wipers, eBay has that part you need ready to click perfectly into place for changes big and small, loud or quiet. Find all the parts you need at prices you'll love. Guaranteed to fit every time. But you already know that ebay things people love Eligible items Only Exclusion Supply Fed Watch Tool as outlined right here. The Fed has already decided steady course, no cuts. This FOMC J PAL made that clear last week. Rate cuts more likely will be in May or June and not in March. What are your thoughts? Let me know if you agree. Meanwhile, the bitcoin price action thus sat between bands of buy and sell liquidity on the exchange order books. With the 200 days of a moving average in place as resistance, material indicators shared that this typically functions as support this particular trend line during the Bitcoin bul market which was the nearest important level to reclaim. He also stated Bitcoin faces strong resistance at the 200 day moving average for the fourth consecutive day. And if you don't know now you know. Broskis and I promise you guys to pull up some of the live charts. Let me do that for you guys and we'll get back to the commenting. And again, welcome everyone to the live stream. The stream is live and interactive, so make sure to let me know where you're tuned in from here, as you can see here, this is just a one minute chart. Rising wedge formation a sensation live chart action Jackson satisfaction via trading view via Coinbase. Zooming out from here. Take a look at the hourly chart. And as you can see we also have the rising wedge on this chart. A bull formation bull target which would send us back to price discovery sitting at 110,000. Current all time high is 1093 achieved on January 20th which was Trump Inauguration day. Also a inverted head and shoulders target sitting at 9023 which would take us up roughly 12,000 from the current price action. Zooming out from the hourly, we take a look at the four hour. The four hour chart says we're going out forever J. We also have a green bull target double bottom here 113seven in play. And we also have 110in play. And that's a blackjack baby. And zooming out from the four hour we take a look at a daily. And as you can see here, Nipinator indicator says we're heading to 2.2 million. And Max Geyser's target is right on point. Rising wedge formation. Also Red Target 116, 783 for the fallen wedge. And speaking of falling wedgies, we also have a price target for a double bottom at 113 702. And besides the bull targets we also have some bear targets. One is all the way down to 49, 000 but let me know if you think the bottom is in. And zooming out from the daily we take a look at the weekly. Still has the sexy cup and handle target sitting at 124 GS. The bad news is Sunday we had a very bad weekly close the prior week. Previous Sunday we had a weekly close in the red. Let's see if we can finally flip her around as we're already. Yeah, I mean halfway through March we only got a couple of more weeks until we put a bow on Q1 of 2025 and thus far has been pretty, pretty corrective. We've been downhill since Inauguration day which has been the current top. And zooming out from the weekly at the monthly. And the monthly says hit the gong JV and bros hit that bong. Happy 420. But yeah, obviously you can see thus far March has been bearish. Obviously we have a couple weeks yet to go into the close. February unfortunately was pretty bearish. January was in the green, December itty bitty red print. And November was the most bullish candle close we have seen since the inception of the Genesis Block. Well, next story of the day regarding the bitcoin miners. This inipinator gives us our next indicator. How do you like Those apples? Yeah. U.S. canada tariff flip flops have the bitcoin miners on their toes. Bitcoin miners are adapting their business strategies as the continued trade war between the US And Canada makes energy prices and policies all more uncertain. President Trump threatened to double his tariffs on steel and aluminum from 25 to 50%. Pretty much a double up, leading the government of the province of Ontario to walk back its own plan to increase the cost of power exports to the U. S. Ontario Premier Doug Ford promised to further increase the surcharge or even shut off the electricity completely. Given further provocation, however, he appears to have softened his stance. What a giant. The trade war may have reached the lull, but some crypto firms are looking ahead and possibly the policy changes in order to protect their growth. Ben Gannon, the CEO of Canadian bitcoin mining firm Bit Farms, told Bloomberg that the recent energy price hikes, had they gone through, were unlikely to affect his firm's business. Bit Farm's operations are mostly in Quebec and British Columbia, both of which boast significant hydroelectric capacity in relation to the total provincial energy mix. Ontario, by comparison, is not as robust as an energy market. And over the last several years they have really taken a big push on cutting back the baseload capacity. And here you can see the Quebec power production by energy source. Total generation of 212.9 TWh. And you can see the majority by far. 94% of it is hydro, 5% wind. Would you wear the same shoes for every occasion or rock the same outfit seven days a week? Of course not. Your style is better with options. Your investments could be too. CBOE index options give you access to various contract sizes, global trading hours and potential tax advantages. That's a good look for any portfolio. If you're ready to invest in style, head to betterwithoptions.com There are risks associated with Sebo company products. Review the disclosures and disclaimers@cboe.com USDisclaimers 1% biomass and then the rest all less than a percent. The petroleum, the solar and the natural gas. But even though Bit Farm's energy situation may look solid for the time being, Gannon said the tariffs have implications for what policy regulatory frameworks are going to look like in the future. He said that his firm wants to see a greater access to the electricity markets as well as fewer regulations on setting up a new business or new power application. Energy policy has been contentious area of debate for Canadian politics and critics accusing the Liberal government, now led by Prime Minister Mark Carney, of haring or harming the Canadian economy with their strategies to lower emissions. Why I gotta harm the people, bro? He said. The opportunities that are present in the US Are also present in Canada, and I think that this will all resolve itself and end up in a much more deregulated and smooth and efficient market because for years it's been tied up in regulatory red tape. Now, tariffs on goods such as steel, aluminum and other industrial products intended to encourage domestic production of the US Also impact the bitty miners, with some effects being unexpectedly beneficial. And I mean, I'm not going to read you the entire thing, but let's scroll down to where the China tariff squeeze the bitcoin mining hardware. That's right, Canadian miners like bit farms may be unconcerned for the moment, but Trump's tariffs on China have already begun to squeeze the American crypto miners who import hardware from China based firms like Bitmain and going to Bloomberg ship mints of the bitty mining hardware from China to the US Were experienced significant delays as of February. The delays reportedly were the result of the U s blacklisting BitMains AI affiliate Shaman Sofo Technologies. Heavy custom fees for inspections of the BIT main affiliate hardware have cost U s miners upwards of 500, 000. According to Vinshu, director of the Global Logistics Service at the Compass Mining new tariffs could make new imports of next generation miners to the US Complet cost prohibitive. So you can see man, I mean a lot of drama here for the bitcoin miners. But nonetheless, one thing we do know for certain, the higher the bitcoin price goes, typically the more profitable the bitcoin miners will be. But we know every having the block rewards get slashed in half. And currently, correct me if I'm wrong, I think it's 450 Bitcoin being minted and awarded to the miners each and every day. But obviously the lower the price goes, the more pressure it puts on those miners to have to, for example, sell some of their bitcoin holdings to pay for the operational costs, you know, electricity costs, employees, things of this nature. But as the price soars back up, that puts them all in pretty significant profits. And overall I'd say bitcoin mining is very lucrative business, especially if you're an OG and you know what you're doing and you have access to the latest technology and all that good stuff. Stuff you. I mean, let's continue where we left off here Brosis. We got a thousand people on the stream. Make some noise. But yeah man, this was an interesting headline. Shout out. Bruce, I appreciate you subbing to the pod. CZ denies reports of a Binance Deal and defends Trump that's right, the former Binance CEO Shang Pang Zhao, better known as cz, denied many of the claims on a Wall Street Journal report suggesting that he had been actively seeking a Federal pardon from U.S. president Trumpster. March 13 on X, which is today and X marks the spot. Following the release of the report, CZ said he had no discussions regarding a business deal between the Trump family and Binance. He further My apologies Bance. He further denied claims that he wanted a presidential pardon from the Trumpster which could potentially allow him to assume an operational or management role at Bance. Quoting him here, no felon would mind a pardon, especially being only one in the US history who's ever sentenced to prison for a single BSA Bank Security act charge. And also he is the most wealthiest man ever sit in a prison cell. Just FYI feels like the article is motivated as an attack on the President and crypto. I mean what do you expect from the Wall Street Journal? That's all they do. And the residual forces on the war on crypto from the last administration are still at work, which leads me to believe it's a Democrat ran report the Wall Street Journal. So anyways, this is what CZ wrote on X. Sorry to disappoint. The Wall Street Journal article got the facts wrong. More than 20 people that have told me they were asked by the Wall Street Journal on other media. Can you confirm CZ made some deal for a pardon? They probably asked hundreds of people to have 20 people reach out to me. In essence, they tried hard to make a story to report. Fact. I've had no discussion of a Bance deal. Well with anyone, no felon would mine a pardon, especially being the only one in US history has ever been sentenced to prison for a single bank Secrecy act charge. Feels like the article is motivated as an attack on the President and crypto and the residual forces of the war on crypto from the last administration. Any vehicle can take you places, but why stop there? The Alfa Romeo Tonale combines luxurious Italian design and electrifying performance to make every mile a masterpiece and every arrival unforgettable. When precision meets instinct and power moves with purpose, you never have to stay in a lane. Experience a world without limits in the Alfa Romeo Tonale Plug In Hybrid. Tap the banner to learn more. Alfa Romero is a registered trademark of FCA Group Marketing SpA used with permission are still at work. I am always happy to make crypto great everywhere us and the rest of the world. It's good to see that even the Wall Street Journal thinks I should be pardoned. And as you know, I believe he had to pay like a four point something billion dollar fine to the Department of Justice and to the sec who wouldn't let him be let CZ free now. Let him be stack the btz. But yeah, he's still one of the most wealthiest crypto folks in the world. I know at one point his wealth was like 50 billion. I have no idea where it's at now. Who knows. But he's still got to be worth at least like $30 billion. I would assume so, yeah. The most wealthiest person to ever be in prison. He served. I don't remember the exact term. It was a few months and he got out. He was doing those push ups every day. Precisely what you should do. Yeah, man. Just a 4 billion dollar fine for breaking the bank secrecy act. Next story family. Here we go. Here we, here we, here we go. Bitcoin ETF outflow streak has finally seized. We finally got 13 million worth of inflows. It's about time yet. The market's correcting. Over 1.67 billion exited U S spot ETFs in March. But investors stopped the bleeding, bringing in 13 million on March 12th as the bitty price market price inch closer to 85. And we're back at 80 here today. As of March 12th, the spot Bitcoin taps attracted 35 million worth of inflow spread across two days according to far side data outlined on your screen. On the other hand, spot ether ETS recorded inflows on just one occasion, bringing in 14 million on March 4th. As you can see here now. According to so so Value, the cumulative net inflows of the Biddy ETFs confirmed the recent 13 million inflow on March 12th, signaling a pause of the Bitcoin ETF outflows. The total value of the trades that day for the B ETFs amounted to just above 2 billion, its lowest daily value since February 20. The inflows were contributed to Bitcoin funds which include Black Rocks ibit, the largest in the world. We have ARC B as well as grayscale Bitcoin Mini Trust as shown here. On the Ethereum side. The one day of inflow saw contributions from Fidelity, Bitwise and Grayscale as outlined here. The broader market downturn and the macroeconomic uncertainties have contributed to the T out flows driven by geopolitical tensions, trade wars and bearish investor sentiment. Analysts say the lack of the concrete implementation or unmet expectations regarding Trump's strategic bitcoin reserve plan has also exasperated the selling pressure. Despite bitcoin maintaining levels above 80 GS, market watchers warned at the upcoming European Union retaliatory tariffs could introduce a greater volatility further influence in the bitcoin price trajectory. And if you don't know now you know, Susan There you have it. Next Story of the day. Big news coming in from Rumble and shout out Rumble. As you know, we stream live each and every day on Rumble. It's an uncensored platform that respects our First Amendment right of the U.S. constitution. And that's very profound and a reason you guys should also support Rumble and specifically support us on Rumble. Because if hit the fan and YouTube terminated my crypto news alerts channel for the 19th time, you'll have a backup. If you're not following me on X or Rumble when hits the fan, which it will. It happens every year, they terminate me for no apparent reason. At least we'll have a backup. So please go ahead and follow me over on Rumble. The headline here reads Rumble Embraces Trump Era crypto strategy with 17 million dollar Bitcoin purchase. That's right. Rumble says it had purchased more than 17 million worth of Bitcoin as part of the previously announced announced investment Strategy. In a March 12 notice, Rumple said it added 188 bitcoin to his treasury for roughly $17 million. The investment suggests their CEO Chris Palofsky in November, and I had the honor to meet Chris at the Max and Stacy Invitational. He attended the event over in El Salvador. I didn't get to speak to him for long because we were both talking with people, but nonetheless it was cool just running into him. Him, nonetheless, he's, he's a, he's an OG as well. Following Trump winning the US Presidential election. If you're watching, Chris, cheers and congratulations with setting up bitcoin strategic reserve strategy for the company and love what you're doing. Honorable he was touted as a hedge against inflation as part of the broader move to deepen ties to the crypto industry. The platform hinted it could make additional bitcoin purchases dependent upon the market factors. And though Rumble did not specifically mention Trump or his attempts to establish a strategic bitcoin reserve and crypto stockpile at at the federal level, Palofsky's social media post suggests strong support for the US President's policy. Well of course us bitcoiners support one another. Rumble's Cloud Currently host Trump's social media platform. Oh, I didn't know that. Truth Social 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 will that be cash or credit? Credit. 4 Galaxy S25 Ultra the AI companion that does the heavy lifting. So you can do you get yours@samsung.com compatible select apps requires Google Gemini account. Results may vary based on input. Check responses for accuracy so Truth Social Trump's platform is hosted by Rumbles Cloud. Good to note, the President's primary method for public communications and entered into an agreement with El Salvador government in January to provide services. That's what's up now. With Bitcoin on its balance sheet, Rumble joins a list of companies that have invested in crypto following November election, including AI firm Genius Group and software company Similar Scientific. The share price of rumble stock fallen roughly 34 since January 1 and since January 20. The Trump admin had deepened ties between US government and the crypto industry through executive actions as we've been following here on the pod. The US sec, one of the biggest financial regulators of the country, announced it would be dropping investigations and enforcement actions against many crypto firms over allegations of unregistered security offerings. Trump also hosted many crypto executives and CEOs at the White House March 7 as part of the summit to discuss the proposed national bitcoin reserve and crypto stockpile. Trump's proposed bitty reserve, which could be codified into law if Congress moves forward with the legislation, could see bitcoin seized by the US Authorities, huddled rather than sold at auctions. However, it's currently unclear how this action may affect the price. I'll tell you how it's going up forever, Laura. Obviously it's very bullish that the United States of America established a bitcoin strategic reserve, but the price action today doesn't reflect that, which is mind boggling to so many of us. But just remember, bitcoin is a patient man's game and those who are willing to hodl four years or longer are all in the black in the green. Meaning you're winning, but you got to be willing to huddle at least four years. If you're not in this for the long haul, sell your bitcoin now and do something else with your life. That's that's my advice. Michael Saylor, Rumble El Salvador. They need your bitcoin apparently more than you do. If you're questioning selling thy bitty, that's all. If you can't hoddle at least 8 years, I say double the 4 year minimal. If you can't hoddle for 8 years, why even bitcoin, bro? You know, I mean, but if you can actually do that for four and eight years, two cycles, there's a strong possibility it transforms your family's financial landscape for generations to come. That's why I would encourage you guys have a long term perspective when it comes to bitcoin. Yeah, I mean. Now for our featured story of the day. Michael Saylor's Strategy to sell $21 billion in preferred stock for another massive 21 billion dollar Bitcoin acquisition. Let's break this down. This was big news that just came in. So yeah, with a 21 billion preferred stock issuance strategy takes a calculated step, I'd say that again, towards expanding its Bitcoin portfolio amid the fluctuating regulatory and economic conditions. Michael Saylor recently shared a strategy announcing this big announcement. 21 billion strk at the market program. He also released this, you know, press release. So I'll give you all the highlights and everything you need to know and shout out to the Gigachad, the one and only Mikey Zaylor. That's right, Michael Saylor's firm Strategy B which was rebranded from MicroStrategy, which happened to be the first publicly traded company to put the pre low biddy on the balance sheet back in 2020. While for 21 billion. And preferred stock as a means of building up is Bitcoin stockpile and they currently hold roughly a half a million Bitcoin. So I Dare speculate a 21 billion dollar purchase will give them another quarter million Bitcoin in a single swoop which would give them a grand total of roughly 750000 Bitcoin. And the lower the price goes right now on the dip, the more bitcoin they'll be able to acquire. I mean naturally, right? So yeah, they released this press release. According to the press release, strategy entered into an at the market offering of its series A preferred stock. I mean sailor, after all he's the Bitcoin alchemist. This is quoting him here. Strategy expects to make sales of perpetual strike preferred stock pursuant to the ATM program in a disciplined manner over an extended period. Taken into account the trading price and trading volumes of the perpetual strike preferred stock at any time of sale. In addition to the purchase of the video. Funds from the company's latest offering will go towards the working capital as well as the general corporate purpose. And Bitcoin has experienced a slump in the recent weeks with the coin currently hovering at 80000 at the time of the live stream over concerns amid Trump's economic policies strategy also seen a recent decline in value. Their stock plummeted roughly 9%. News of strategies atm program comes just days after Sailor attended the White House Crypto summit, which we covered in great detail in the pod where he unveiled the digital asset strategy designated to generate up to $100 trillion over the next decade for the US economy.
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JV
And that's massive news. He's proposing Trump to purchase between 5 to 25% of the Bitcoin supply. And let's just speak on the high end the bull all in scenario 25% of the Bitcoin supply is close like 5.25 to 5.5 million Bitcoin which would be like a million bitcoin per year if they were to go all in. Cynthia Lummis proposes the United States to purchase a million Bitcoin proposing 200000 a year over the course of five years. But let's get back to the report. A digital asset strategy to dominate the 21st century global economy would see different types of crypto clearly defined and labeled according to their regulatory class and. Am I sharing my screen good? I am. I'm just making sure if enacted the comprehensive framework would establish a strategic bitcoin reserve with Sailor claims can raise up to 81 trillion in wealth for the U. S. Treasury by 2045. So let's break that down in layman's terms. Right now the United States is allegedly 37 trillion ballpark in debt. Well, Sailor says within the next 20 years, within the next two decades that they can raise $81 trillion worth of wealth by accumulating this bitcoin as a strategic reserve that would completely eliminate all of our debt just like that blackjack. In addition, the plan mandates an end to the hostile and unfair tax policies of the crypto miners holders and the exchanges as a means of increasing the sector's legitimacy and prosperity. Quoting them again. A strong forward thinking strategy will unlock trillions in economic value, strengthen national security, and position the United States of America as the undisputed leader of the digital age. Amen. And as Michael Saylor aligns Strategies future closely with the biddy, investors face an intriguing dilemma. Participate in a bold financial experiment or adopt caution amid the crypto's inherent unpredictability. Again, leading back to the biggest FUD they throw at Bitcoin. It may be up 150 million percent, but it's so volatile. Yeah, again, I'll take the volatility. I mean, what is gold up 2x in 16 years? I'd rather be up 150 million percent with the volatility anyways. While strategies atm offering positions the company as a confident leader in the digital asset accumulation, the recent downturn in both bitcoin's price and the firm stock signals potential hazards ahead. Talk about the Duke's a hazard. I mean, we're living it. Say this ambitious policy recommendations might offer transformative economic opportunities. I ain't talking about Optimus prime type Transformers either. But their adoption is far from certain. Investors must now weigh the optimism against against the pragmatism, deciding whether strategies vision is prudent planning or risky overreach. What are your thoughts? And be 100 transparent with me. Do you think this guy is putting unnecessary risks at the stake of his shareholders with all the unexpected volatility that bitcoin can cause us? Or do you think this man is doing God's work? Right? Let me know your honest thoughts. I'll read your Comments out loud. Vz, you're only 21, brother. Fantastic. That's a blackjack. Eight years younger than I'm only 13. I look older because I'm Italian. I got this. This beard. I grew a beard when I was a newborn. A toddler. Wait, infant. Newborn infant? Yeah, the beard started coming in very young, the chest hairs as a toddler, and it's. It's a wrap. 48's the new 21. Exactly. Double blackjacks of 42. And then you, you double the double of the blackjack for the inception of the inception of the blackjack, and all of a sudden you're at 84. I like the upside vault. Yeah, I don't mind the upside volatility either. Be quite honest with you. Keep accumulating no matter what. And don't forget to check out cryptonewsalerts.net for the full premium experience with video and support, participate in our live Q and A, and I look forward to seeing you on tomorrow's episode. Hoddle.
Podcast Summary: Episode 1932 – “Michael Saylor Doubles Down On $21 Billion Strategy Bitcoin Buy”
Release Date: March 13, 2025
Host: Justin Verrengia
Podcast: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
In episode 1932 of Crypto News Alerts, host Justin Verrengia (JV) delves into a comprehensive analysis of the current Bitcoin landscape, market movements, significant industry news, and strategic maneuvers by key players like Michael Saylor. Skipping over commercial breaks, the episode zeroes in on vital discussions that shape the cryptocurrency ecosystem.
Timestamp: [00:59]
JV kicks off with an overview of the cryptocurrency market:
JV points out the persistent market correction, noting that “90% of the market is in the red” when viewed from a daily perspective and extending to “95% of the market in the red” on a monthly scale. He emphasizes the ongoing bearish sentiment but invites listeners to share any alternative bullish perspectives.
Timestamp: [05:15]
Transitioning to technical analysis, JV examines Bitcoin's price movements through various chart perspectives:
1-Hour Chart: Bitcoin hovers around $81,500, impacted by declining U.S. inflation metrics, which have historically been a positive indicator for crypto assets.
Resistance Levels: The 200-day moving average serves as significant resistance, having held steady for four consecutive days.
Chart Patterns: Notable formations include:
Long-Term Outlook: On the monthly chart, indicators suggest Bitcoin could reach $2.2 million by 2045, as per predictive analytics shared by the host.
JV concludes this segment by stressing the importance of a long-term perspective, advising listeners to “hodl” and withstand market volatility for substantial future gains.
Timestamp: [12:45]
The episode delves into the ramifications of the ongoing U.S.-Canada trade war on Bitcoin miners:
Tariff Challenges: President Trump’s threat to double tariffs on steel and aluminum has put Canadian provinces like Ontario under pressure, prompting reconsideration of energy export policies essential for Bitcoin mining operations.
Operational Adjustments: Ben Gannon, CEO of Canadian mining firm Bit Farms, asserts that recent energy price hikes have minimal impact due to the firm's operations in hydroelectric-rich provinces like Quebec and British Columbia.
Policy Implications: Gannon advocates for greater access to electricity markets and reduced regulatory barriers to foster growth within the crypto mining sector. He mentions, “The opportunities that are present in the US are also present in Canada,” hinting at a future of deregulated and efficient energy markets.
Impact on American Miners: U.S. miners face increased costs and delays importing mining hardware from China due to Bitmain’s affiliate being blacklisted, resulting in operational expenses rising by $500,000 per shipment. This scenario underscores the sector's vulnerability to geopolitical tensions.
Timestamp: [18:20]
A significant portion of the episode addresses recent controversies involving Binance CEO Changpeng Zhao (CZ):
Wall Street Journal Report: The WSJ suggested that CZ was seeking a federal pardon from President Trump, potentially to assume a more influential role within Binance.
CZ’s Response: In a statement on X (formerly Twitter), CZ vehemently denies these claims, stating, “I've had no discussions regarding a Binance deal with anyone” and criticized the WSJ for inaccuracies.
Motivations Behind the Report: JV speculates that the WSJ's article aims to undermine both the Trump administration and the broader crypto industry, reinforcing existing adversarial sentiments from previous regulatory stances.
CZ’s Defense: CZ rebuts the notion of needing a pardon by emphasizing his adherence to legal standards, adding, “No felon would mind a pardon, especially being the only one in US history sentenced for a single BSA Bank Security act charge.”
This segment highlights the ongoing tensions between crypto leaders and mainstream financial media, as well as the broader regulatory challenges facing the industry.
Timestamp: [22:10]
Shifting focus to investment trends, JV discusses the latest developments in Bitcoin Exchange-Traded Funds (ETFs):
End of Outflow Streak: After a period of accumulated outflows totaling $1.67 billion, Bitcoin ETFs saw a resurgence with $13 million in inflows on March 12th.
Ethereum ETFs: Similarly, Ethereum ETFs recorded inflows of $14 million on March 4th, indicating renewed investor confidence.
Key Contributors: Major funds like BlackRock’s BTC iBit, ARC B, and Grayscale Bitcoin Mini Trust played pivotal roles in driving these inflows.
Market Influences: The broader market downturn and macroeconomic uncertainties, including geopolitical tensions and trade wars, have exacerbated bearish investor sentiment. However, the recent ETF inflows suggest a cautious optimism among institutional investors.
Future Projections: Analysts warn that potential retaliatory tariffs from the European Union could introduce additional volatility, impacting Bitcoin’s price trajectory moving forward.
JV underscores the importance of these inflows as a sign of stabilization amidst a correcting market, encouraging listeners to monitor ETF trends closely.
Timestamp: [24:50]
In a noteworthy alignment with Trump-era policies, Rumble, a prominent video streaming platform, has made substantial moves in the cryptocurrency space:
Bitcoin Acquisition: Rumble has added 188 BTC to its treasury, equating to a $17 million purchase. This strategic investment is part of their broader crypto strategy initiated in November.
Support for Presidential Policies: While Rumble did not explicitly mention President Trump, CEO Chris Palofsky’s social media activities imply strong support for the administration’s crypto-friendly initiatives.
Strategic Reserve: The purchase is touted as a hedge against inflation and part of a move to deepen Rumble’s ties with the crypto industry. The company hinted at potential additional Bitcoin acquisitions based on market conditions.
Political Connections: Palofsky’s involvement in setting up Bitcoin strategies aligns with Trump’s proposed national Bitcoin reserve, which aims to leverage Bitcoin for economic growth and national security.
Market Impact: Despite Rumble’s significant investment, JV notes that the company’s stock has declined by approximately 34% since January 1, reflecting the broader market's bearish sentiment.
JV commends Rumble's strategic foresight, stating, “Rumble embraced Trump-era crypto strategy, which positions them uniquely in the evolving digital asset landscape.”
Timestamp: [28:03]
The highlight of the episode centers on Michael Saylor’s ambitious plan to expand his company’s Bitcoin holdings:
Strategy Overview: Michael Saylor, through his firm Saylor Strategies B (formerly MicroStrategy), has announced an $21 billion preferred stock issuance aimed at purchasing additional Bitcoin. This move is a calculated effort to bolster the company's Bitcoin portfolio amidst fluctuating regulatory and economic environments.
Current Holdings: Saylor Strategies currently holds approximately 500,000 BTC. The proposed $21 billion acquisition is expected to add around 250,000 BTC, bringing the total to approximately 750,000 BTC.
Financial Mechanism: The company plans to conduct an at-the-market (ATM) offering of its Series A preferred stock to fund the Bitcoin purchases. This method allows for a disciplined approach, considering market prices and trading volumes.
Long-Term Vision: Saylor envisions Bitcoin as a cornerstone of the U.S. national financial strategy. He asserts that a well-defined digital asset policy could unlock up to $81 trillion in wealth for the U.S. Treasury by 2045, potentially eradicating national debt projections.
Regulatory Advocacy: The strategy includes advocating for clear regulatory classifications for different crypto assets, enhancing the sector’s legitimacy, and promoting economic prosperity.
Market Reaction: Following the announcement, Saylor’s company stock experienced a 9% decline, reflecting investor concerns amid Bitcoin’s price slump to $80,000.
Notable Quote:
"A strong forward-thinking strategy will unlock trillions in economic value, strengthen national security, and position the United States of America as the undisputed leader of the digital age." – Michael Saylor ([28:32])
JV engages the audience by posing a critical question: “Do you think Michael Saylor is putting unnecessary risks at the stake of his shareholders with all the unexpected volatility that Bitcoin can cause, or is he doing God's work?” This invites listeners to reflect on the balance between aggressive investment strategies and the inherent risks of cryptocurrency volatility.
Episode 1932 of Crypto News Alerts provides listeners with an in-depth analysis of the current Bitcoin market dynamics, the strategic responses of industry leaders to geopolitical tensions, and the bold investment strategies shaping the future of cryptocurrency. Justin Verrengia adeptly navigates through complex topics, offering valuable insights and fostering a nuanced understanding of the ever-evolving crypto landscape. For those seeking comprehensive and up-to-date information on Bitcoin and cryptocurrency, this episode serves as an essential resource.
*Stay informed and continue to HODL!