
A Bitcoin Policy Institute (BPI) executive floated a $1 million Bitcoin price scenario if the United States were to buy 1 million BTC.
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JV
Take your vibes on Google.
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JV
Guess who's back. Back again. JV's back. Tell a friend in today's show I'll be breaking down the latest bitcoin technical analysis. Also, the bitcoin hash rate just smashed a new all time high. And you know as the saying goes, the bitty price follows the hash rate. Now Trump also said he is not happy with a Fed Reserve chairman jpow. He says if I want him out, he'll be out of there real fast, believe me. We'll also be discussing Okx re enters the US market following a 55 million DOJ settlement. That's right. As well as Brazil's Malo floats to boost the bitty buying strategy as well as Semler Scientific reports 42 million paper loss on the bitty floating $500 million stock sale to purchase more bitcoin. That's a half a billion buy. Also Vana Executive Unveils Massive Bitcoin Price target sees the Pre low bitty rising 423% from the current price action over the course of the next couple years. Also breaking news. Bitcoin could hit a million dollars per coin. That's right if the United States buys 1 million BTC according to this report published by the Bitcoin Policy Institute. We'll also be taking a look at the overall crypto market. All this plus so much motherfucking more right 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 chann@CryptoNewsAlerts. Net. Again, that's Crypto news alerts Net today is Pod Episode Number 1965. That is right. We're only 35 episodes from the coveted episode number 2000, making us the most consistent bitcoin podcast in existence. So yeah, today is April 17th, 2025. I'm your host JV Market's back in a green. We're up roughly 700 on the day, just recaptured 85,000 DOL, which is pretty nice. And let's kick it off with our market watch as we do each and every day. Pretty little bitty above 856 already on coin 360. Ethereum is even up. Getting a warm piece of the sidewalk today just shy of 1600. Salana up six and a half percent. The bulk of the alts are pumping and in the green and checking out coinmarketcap.com the current crypto market cap sits at 2.67 trillion. Pretty low bitty market cap sitting at 1.688 trillion. We got roughly 65 billion worth of volume over the past 24 hours. And checking out the bitcoin dominance coming in today, strong at 63.2%. Ether dominance coming in weak at 7.2%. Sorry Vitalik, it is what it is. And checking out top 100 crypto gainers past 24 hours. We got render lead in the back of 7% on the day, followed by the FET up 7%, followed by TAU up 5.6%, followed by Bitcoin trash. But let me know which alts you're bullish on, if any for the bull. Holl at you boy. And checking out the crypto bubbles. Get a visual perspective on the day. As you can see, bulk of the market in the green. I'd say maybe 70, 30 green over red for the day. And zooming out on the weekly, I'd say 9010 green over red, which is dope. And zooming out on the monthly, unfortunately it's about 8020 right over green. And the biggest loser, which is the infamous mantra rug pull which saw 90 of the market CR crash virtually overnight. And checking out the crypto greed and fear index today we're in fear rated a 29 yesterday at 38, last week at 18 in the extreme fear. Oh no. And last month was a 32 in fear. And check it out, the infamous time chain calendar. We're currently on block number 892, 855. We got 157, 145 blocks until the next having a 20, 28 and how many SATs can you stack per dollar? Let's get a refresh and see if it gives us the special data. And if it doesn't share the data, it's a hater. But it does give us the data. And today it's 1176 SATs per dollar. So pick up the sats, put down the gas, pick up some bitcoin caps from my man sergio over@bitcoin caps.net and if you don't know, now you know. Yeah. Let's continue fam Alam with our ta. Here's the latest fam. And also pull up the live charges or charges, the live charts after the infamous freeze frame. But anyways, bitcoin price levels to watch as the Fed rate cut. Hopes fade. And also in breaking news, bitcoin hash rate just hit a new all time high. And we all know price follows the hash rate. So this is an important metric which tells the real tale of the tape. And then in other news, President Trump said he is not happy with the Federal Reserve Chairman Jay Powell quoting him here. If I want him out, he'll be out of there real fast. Believe me, he'll go do him like he did Gary Gensler. Why not? And breaking news, Trump administration says the US May buy bitcoin using tariff revenue. That was big news I shared the other day. Very bullish.
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JV
Crypto and I think it's naturally going to happen. There's a lot of clever ways for them to use net neutral ways to acquire bitcoin without using taxpayer dollars. So hopefully that will continue here with the Trump administration. But nonetheless, bitcoin's price failed. Another attempt at breaking above 86 resistance today as Fed chair J Pal Dash hopes of early rate cuts citing the impact of the Trump tariffs. Since April 9, the pre low bitty price formed the daily candle highest between 75 and 86. 4 but has been unable to produce a close above 86. But the silver lining, we're back above 85 at the time of the live poly market. Better say there is an 88 chance that the current interest rates will remain between 4 and a quarter percent and 4 and a half percent, leaving just a 10 probability of a quarter percent rate cut. Let me know your thoughts on that. However, a common market belief is that any bearish price action from unchanged interest rates has already priced in an example April 16, U.S. fed Chair Jay Powell indicated the Fed is not rushing to cut the interest rates. Speaking in Chi Town, he emphasized a wait and see approach needing more economic data before adjusting the policy. Powell highlighted the risk from President T's tariffs and that's right. If you missed the memo, President T is the new nickname of Trump by Bukele. And of course Trump is now referring to Bukele as President B. So we got Bitcoin Presidents B and Bitcoin President President T which could drive inflation and slow the growth, potentially creating a challenging scenario for the Fed's dual mandate of stable prices and maximum employment. The level of the tariff increases and now so far significantly larger than anticipated. Quoting J. Powell here, the same is likely to be true of the economic effects, which will include higher inflation and slower growth. J. Pal ain't my pal just like Tommy ain't my mother freaking boy. He stressed maintaining a restrictive policy to ensure the inflation doesn't persist, suggesting any immediate rate cut despite the market volatility and the tariff uncertainties. As a result, President T has threatened Powell with termination just like he did Gensler, arguing that he is always too late and wrong and that his April 16 report was a typical incomplete mess quitting him here. Powell's termination cannot come fast enough. Do you think the Trumpster will terminate J. Pal once and for all? Does he have the power to terminate him? Let me know your thoughts. Meanwhile, Polymarket now says a 46 chance the pretty low bitty price hits 90 GS on April 30th with less than or I should say by April 30th with less than 5% possibility of hitting a new all time high above 110 as price discovery was achieved back in January Inauguration Day current all time high 1093. I repeat 1093. So the key levels for you guys to watch Bitcoin must flip 86. We're on the cusp of doing that right now to support and then we could clearly, march higher to 90 and retest all time highs above 109 3. But above that there's other major supply zones stretching all the way to 91.2 where the 100 day simple moving average is sitting like a Young Scotty Pippen Bulls the Bulls. Young Scotty Pippen Chicago let's go also have to overcome this barrier in order to increase their chances. The pretty little bitty run into one of geez six figure bitty send it. But anyways fam I do promise to share with you some of the live charts which is actually my favorite part of the TA versus just reading you TA from other analysts. So let's check that out right now again welcome everyone joining us. Bitty above 85. We just hit 422 happy 420 Broskis over 600 live viewers. Rookie numbers. Clearly we got to get the numbers up but you guys are in control of that. Remember to smash the likes, repost the stream. It's free to do so and show us some love over on the YouTube channel over at crypto news alerts.net so as you can see on the 10 minute chart, Blue Bull scenario sitting at 88G's which is a 3,000rise from the current price action. And yes, this is live and in the flesh via TradingView via the Coinbase Exchange, which is the largest crypto exchange at least in the United States of America. And rising wedge formation on the hourly green bull scenario at 88. Similar to the ten minute chart, two bear scenarios on the one hour one sitting at just shy of 78.6 and another one in the orange sitting at 73. 5. And zooming out from the one hour we take a look at a four hour. The four hour chart says it's going out forever JB. It's going up forever Nipsey two bear scenarios though unfortunately sitting at around seven thousand eight hundred and thirty five. However, the silver lining is for the past eight hours we've been pumping and jumping thumping. Let's get it as we continue to march where no man has gone before. But as you can see on the daily chart we also have a bull scenario rising wedge followed by a falling wedge. Bull scenario is just shy of 112. Obviously that would recapture price Discovery Bear scenario just shy of 69 GS and Super Bear sitting at 49,000. But who cares about the super bear? They're in hibernation in the bull season. And checking out the weekly chart, as you can see we still have the sexy cup and handle Target sitting pretty at 124. No Diddy vacations will never be the same. Welcome to the theme parks of Universal Orlando Resort with spectacular hotels and more. Universal Orlando Orlando offers an entire week of vacation. Awesome. Visit universalorlando.com the Silver Lining here is we finally had a green weekly candle close for the first time in a couple of weeks and we're forming green already for this current week and we'll get a new candle close here in a few days over the weekend. And zooming out a little further there we'll check out the monthly and the monthly says jv it's going up forever. Brosi as you can see thus far forming a green candle for April past couple of months have been bearish hope. Hopefully we can continue to bullish momentum now that we're in the second quarter of 2025 and if you don't know now, you know next story of the day. Now we broke down the TA we're going to be discussing this 505 million dollar fine. That's right, one of the larger crypto exchanges, OkX Re enters the U S market following a 505 million Department of Justice settlement. It seems like just yesterday the Department of Justice collected 4.3 billion from Czech former Binance CEO. So they're crushing it. DOJ Good Lord. But yeah man, the crypto exchange OKX announced that it is re entering the US Market. Apparently it was away so it says it's going to return to the US Market along with an appointment from former Barclays director Roshan Robert as the US CEO quoting him here today, I am thrilled to announce the launch of OKX's centralized crypto exchange and the OKX Wallet in the United States of America alongside the establishment of our regional headquarters in San Jose, California. Okx. If you're watching this right now and you're thinking about a sponsorship on the number one daily Bitcoin podcast, reach out to your boy now. All existing OK COIN users will be mitigated to the new platform, which Robert said will lead to a better overall experience. The promise improvements include deeper liquidity, lower fees and advanced trading tools. The official announcement reads right here from okX bring a new alternative to America. Let me know if any of you guys have ever used it in the pass, I guess before they stop doing business in America because apparently they are back now. Okx will not roll out the upgrade in one shot. Instead, the new platform will take a phased approach to onboard new customers. The Exchange plans to follow the cautious approach with nationwide launch later in this year. We're beginning with a phase rollout for the new customers to ensure a smooth, secure onboarding process with a broader nationwide launch plan for later in the year. They also promise integrations with local banks and support for major assets including the Prelo Biddy, Ether, USDT and usdz. Robert noted the company maintains A global proof of reserves for all of its assets, which it published monthly or will publish by cyber security firm Hackin. Now compliance services lead at Hackin told Coin Telegraph that its team expands upon simple proof of reserves by validating the OKX liabilities by reconstructing and verifying their ZK Stark circuit using official tools and reviewing 21,000 users proof files. Good lord, it sounds like a lot of work. Good. Thank God for them. The firm also verifies wallet control by the company by checking the signatures, ultimately verifying their funds. In addition to the trading platform, the firm is also rolling out their wallet to the US based customers. While it supports 130 blockchains and features a DEX aggregator allowing access over 10 million tokens on platforms including Ethereum, Salana and Base. Base being the new Coinbase token which recently just got I don't know if it was a rug pull or what, but I saw some traders ultimately crying that they got wrecked or rug pulled with that one. So good luck. But anyways, the report follow okx hiring former New York Governor Andrew Como Wow. To advise it over a federal pro. That resulted in the firm pleading guilty to several violations, agreeing to pay 505 million in fines and penalties. Interesting. The exchange admitted February 24th operating on unlicensed money transmitting business in violation of the US Anti money laundering laws. So apparently they weren't following all the laws so they have to pay the half a billion dollar fine so that they can remain operational. And after the investigation concluded, OkX said it would seek out a compliance consultant to remedy the problems revealed by the federal probe, anal probe anyone and improve its compliance efforts. OkX's CEO wrote the following Our vision is to make OKX the goal standard of global compliance at scale across different markets. Yeah, because a 505 million dollar fine will definitely get you there as far as having to have that goal. But anyways, let me know your thoughts with the Exchange. Let me know if you ever use the Exchange. And speaking of the exchanges, never keep on the Exchange what you can't afford to lose knowing not your keys nacho coins but next story of the day Broskis Holy. We're just getting started. We still got a lot to share. Here's the latest coming out of Brazil after the infamous freeze frame of course. Headline reads Brazil's Mel uies. I am probably butchering the last name but I digress. Floats the boost Bitcoin buying strategy. That's right.
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JV
Fees apply RIO de Janeiro Stand up Brazilian fintech firm oh, it's a company. Melus has floated a plan to expand the bitcoin holdings and make a crypto strategic asset on the company books. Another one bites the dust and another one down in another. Yeah, so this City Maloise, which provides cash back and financial I'm sorry, not City, but company Cashback financial technology services taking place to make Bitcoin the primary strategic asset for the firm's treasury to shareholders and a meeting slated for May 6 in a few weeks. That's right. The company says its core business will remain unchanged, but the generation of the cash from operations is fundamental to the strategy of acquiring more Bitcoin over time. If the shareholders approve the measure, Bitcoin will be adopted adopted as the firm's main strategic treasury asset. But it also looks to foster the incremental generation of the Bitcoin of its shareholders, whether through the generation of operating cash or through the possible financial transaction. Strategic incentives, meaning shareholders who disagree with a new direction and held their shares before April 14 can request a reimbursement. That's right. So in a recent trading session after the Bitcoin plan was announced, this company jumped over 14% from 3.28 Brazilian reals, their local currency or approximately 56 US cents, to 3.76 Brazilian reels on the Brazilian Stock Exchange, according to the Google Finance is outlined here. In total, the company share price spiked up over 27% in the last five days to now 65 cents in USD, which is 3.85 Brazilian reals. So it pays to adopt a bitcoin strategy for your company, and we're witnessing that left and right now. Melose purchased Bitcoin for the first time back in March after the board of directors approved using 10% of the company cash for the Prelude Biddy purchasing 45 BTC for about 4.1 million. The amount of the bitcoin held on the books of publicly traded companies rose literally 16 for the first quarter of the year, according to Bitwise Public. Companies bought around 95,431bitties over the quarter, increasing the total holdings of their videos across all companies balance sheet to 688, 000 bitties. Now Maluis was among the 12 firms that added the Bitcoin to the balance sheet for the first time for the first quarter of 2025 joining the likes, a video sharing platform rumble which we're streaming live on right now. If you don't know, now you know. Michael Sailor's digital asset firm Strategy B also continued its long term strategy acquisition, acquiring the Prelo B with its most recent April 14th purchase consisting of 3,459 Bitcoin bought for $285.5 million. And that means one swoop of a BTFD. Michael Sailor just purchased half the amount of the bitcoin that Bitcoin country is hodling. And then speaking of Bitcoin country, shout out President B and Bitcoin country for holding it down. Next story of the day. Here we go. A 500 million dollar buy. Yes please. Well, Semler Scientific reported a 42 million paper loss on Bitcoin, but they're floating a 500 million dollar stock sale. Sounds familiar to the Sailor put done it. Here we go. Health Tear Health Tear Healthcare company Similar Scientific reported paper losses on the Bitcoin holdings over the first quarter of the year. Oh no, no. I'm so scared. The firm reported a preliminary unrealized law. Unrealized laws. Oh no. From the change in fair value of Bitcoin holdings of approximately 42 million since December 31, according to the filing with the SEC. Similar declared holdings of 3,182 bitties valued at around 263 million as of March 31. During the three month period. Preload Biddy fell 12 from 93.5 at the beginning of January to 82. 3 by the end of March. The full correction from the all time high to the low below 75 on April 7 stands at 32%. Similar reported revenues of 8.8 to 8.9 million and operational losses of 1.3 to 1.5 million for the period it held cash and the cash equivalence of approximately 10 million as of March 31st. Now in November, which was the most bullish month in the sense we hit the all time high that month. Actually we did, but then January we outshined it obviously. Inauguration Day Similar Scientific CEO Doug Murphy Chatorian what a what a name says we remain laser focused with the laser eyes on acquiring and holding the bidding while supporting the innovation and the growth of our healthcare business. Now what's wealth without health? What's health without wealth? Kind of it's like a yin yang it goes hand in hand. Semler's the 12th largest corporate Hodler of the biddy ahead of Hong Kong gaming firm Boya Interactive International limited According to the BIBO data. Semler also reported it had reached an agreement principal to pay almost 30 million to settle the claims related to a civil investigation by the Department of Justice which apparently is getting rich shaking down crypto firms. I mean again 4.3 billion from cz just got 500 million from okx and they're going to continue to shake down because they're criminals, drug traffickers, anti money laundering. Tax avoidance always comes to my mind in separate April 15 filing the firm outline a plan to offer sell securities worth up to 500 million a part of the continue the Bitcoin acquisition strategy. Clearly they're doing that to raise and purchase more bitcoin.
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JV
We may offer and sell securities from time to time in one or more offerings up to an aggregate value of 500 million which is a half. AlphaBilly Similar's common stock is currently listed on the NASDAQ under the symbol smlr. How many of you have any exposure to it? Let me know. Quoting them again Our stock price has been volatile and may continue to be volatile. Shares in the medical firm have fallen 36 and to the Wu Tang 36 chambers full since the beginning of 2025. Bitty's rule everything around me cream get the biddy million dollar biz yo and you can see the similar scientific stock price on your screen. Similar intends to use the net proceeds from the security sales primarily for general corporate purposes including the acquisition of the biddy. Well my understanding was I thought Bitcoin was an unregistered security. So you're talking about security sales. But I guess securities could be registered or unregistered. So I digress. And if you don't know now you know. Next story of the day a bullishness. Bullishness, bullishness, bullishness Vanaka executive unveils massive bitcoin price target sees the Pre little bitty rising 423. That's right. Not 422 but 423% over the next couple of years. The analyst of the prominent global investment firm thinks pretty low video surge to 180000 in the second half of this year. Matthew Siegel, no relation to Steven Seagal, head of Digital asset research of Vanek says in a new interview with the Dalai Lama, I mean David Lynn that his target is based on an analysis of the previous bitty cycle. Seagull cautions however the prelo biddy will need to get through the current macro driven period would have uncertainty to reach the 180 level. He says he's been encouraged by the spike in interest he has seen in the Bitcoin ETFs from traditional asset managers quitting them here my inbound phone calls are up like 300 from investment advisors who are afraid to allocate to Bitcoin ETFs. And now with the election and the change in the administration, they're much more open to discussing the investment case for the prelude for those advisors taking the longer term perspective, perspective, we benchmark the biddy against gold, specifically the 50 of the gold market that is more speculative in nature. So about half of the gold goes into jewelry. Notice it's jewelry or industrious industrial use cases. But putting that aside, if Bitcoin could reach 50 of the gold as speculative in nature, that would imply roughly 450 000. I repeat that would imply roughly 450000 per preload biddy. Hence it's going up forever. Laura. And if you don't know now you know. Next story of the day Brosis. Here we have it. All right fam. Now for our next story of the day. Bitcoin could hit a million per coin if the United States buys just 1 million bitcoin according to this recent research report published by the Bitcoin Policy Institute. And you could run the math. What if hypothetically we were to purchase 5 million bitcoin because that's what Max Kaiser and Sailor proposed to the Trump administration to acquire literally 25% of the circulating Bitcoin supply, which would be 5 million big. Only now on a low end, if we only were to do 1 million, which is what Cynthia Lummis's bill proposes for the Bitcoin strategic reserve for the United States in the executive order in which Trump put his John Hancock on. But let's entertain this. The Bitcoin Policy Institute executive floated a 1 million bitcoin price scenario if the US were to buy 1 million BTC. Now in a Bitcoin magazine podcast, Zach Shapiro, the head of the policy for The Bitcoin Focus BPI said, I think, I think tank that a 1 million Bitcoin purchased by the US would have a massive impact on the price of the asset. And I agree and I'll tell you why I believe it's so significant after I first quote him. If the United States announces we are buying a million bitcoin, that's just a global seismic shock. Think first bitcoin price goes through the roof. Agreed it create a supply shock. I think we'd probably go very quickly to something like a million dollars per coin. Exactly my thinking. Because no other country wants to be left on the back burner or get left behind. And there's only enough bitcoin for one country to become the bitcoin superpower. Will it be the United States acquiring 1 to 5 million bitcoin? Will it be China? Will it be Russia? Will it be the uae? You guys let me know your thoughts. The discussion followed President T's which is the new nickname for President Trump by Bukele executive order establishing the Strategic Biddy Reserve and a digital asset stockpile for the shitcoin area. Of course, BPI Executive Director Matthew Pines said that the other nations are watching how the U S positions itself with bitcoin before formulating their own strategies. The executive added that holding more bitcoin aligns with Trump's promise to make the US A bitcoin superpower. That's right, quoting Pines here. If Donald Trump, AKA President T wants to make good on his promise to be a bitcoin superpower, that ultimately comes down to how much bitcoin you have. This is a measure of how much the United States is making good on the rhetorical objective. That's right. To sum that up, Bitcoin is the.
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JV
Let's see how smart the United States truly is. Trump's Executive Order also directs the treasury and Commerce Secretaries to develop budget neutral strategies for acquiring more of the biddy to expand the Reserve without additional taxpayer burden. There's a lot of ways to do this. You can do this with the tariffs, you can do this by trading the gold derivatives, etc. Etc. A lot of ways to acquire that Bitcoin without using the taxpayer dollars to make it accessible and viable. Now on March 12, Senator Lummis reintroduced the Boosting Innovation, Technology and Competitiveness through the Optimized Investment Nationwide Act. Good Lord, that's a long one acronym. We can just say Bitcoin act to push the U s holdings above 1 million prepare a little bitty. That's right. Pines also suggest to acquire the Bitcoin and a budget neutral fashion floating the idea of using tariff revenues to buy Bitcoin and other potential ways for the US Government to purchase more. The BTC revenues that the government can use to acquire more Bitcoin would be the things like tariff revenue or other fees that the government collects that are not tax based fees. This could include royalties from oil and gas leases, sales of federal land, physical gold and other digital assets. And in fact Sailor probably already proposed at least a few dozen ways to the Trump administration to acquire gold using these net neutral ways. And on April 2nd Trump imposed the 10% baseline tariff on all imports from all countries through the Executive Order. The President's order also included reciprocal tariffs for countries that charged tariffs on US Imports. However, the administration's evolving tariff policy has created an ongoing market uncertainty which is typically not good for risk on assets like the preload bitty and hence why we have had extreme volatility since then and most likely going to continue to have but what are your thoughts fam? Let me know. I'm going to read your comments out loud. Personally I think a 1 million price prediction if the US were to announce making it official and purchasing a million Bitcoin I think we can rip to multiple set six seven figures. Easy peasy. And even more advantageous than that if they were to propose 2345 million bitcoin acquisition. Think of it that way. Like I said only one country is going to be able to get the first movers advantage to establish becoming the Bitcoin superpower of the world. And currently North Korea is leading the US because they hold more Bitcoin due to their Lazarus group then the United States. In fact the United states is approximately holding 200000 Bitcoin which has not been audited. By the way Trump's saying they wanted to, but I haven't seen nothing yet. But they're theoretically holding 200000 Bitcoin. But 100000 of those Bitcoin belong to Bitfinex, meaning the US government really only holds roughly a hundred thousand which belongs to them, which they achieve through seizing it ultimately. So how it works is criminals sees the bitcoin from the exchanges or whatever the honey pots are, and then the government seizes the bitcoin from the criminals. So it's like criminals seizing bitcoin from criminals, drug traffickers, anti money laundering, tax avoidance. And if you don't know, now you know. That's a wrap. It's going up forever. Jv Precisely. Wu Tang. Wu Tang. And don't forget to check out cryptonewealerts.net for the full premium experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode Episode Hoddle.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News - Episode 1965
Title: “Bitcoin Will Hit $1,000,000 If US Buys 1M BTC”
Host: Justin Verrengia (JV)
Release Date: April 18, 2025
Episode Duration: Approximately 28 minutes
Transcript Sections Skipped: Advertisements, intros, outros, and non-content segments
Timestamp: [00:59]
Host JV kicks off the episode by providing a snapshot of the current cryptocurrency market:
Notable Quote:
“The #1 Bitcoin and Crypto news daily show 7 days a week... HODL!”
— JV ([00:59])
Timestamp: [00:59] - [06:32]
JV delves into Bitcoin's technical analysis, emphasizing the recent surge in the Bitcoin hash rate, which has reached a new all-time high. He underscores the age-old adage, "price follows the hash rate," suggesting that increased hashing power signals miner confidence and network security, potentially driving BTC prices upward.
Notable Quote:
“Bitcoin hash rate just hit a new all-time high. And we all know price follows the hash rate.”
— JV ([05:30])
Additional Insights:
Timestamp: [06:32] - [17:18]
JV discusses the interplay between political dynamics and Bitcoin's trajectory:
President Trump's Stance: Trump expresses dissatisfaction with Federal Reserve Chairman Jay Powell, hinting at potential dismissal similar to previous actions against Gary Gensler.
Notable Quote:
“If I want him out, he'll be out of there real fast, believe me.”
— JV ([06:02])
US Government's Bitcoin Strategy: The Trump administration is contemplating using tariff revenues to acquire Bitcoin, aiming to establish the United States as a Bitcoin superpower.
Notable Quote:
“If Donald Trump, AKA President T, wants to make good on his promise to be a Bitcoin superpower, that ultimately comes down to how much Bitcoin you have.”
— JV ([28:24])
Legislative Actions: Senator Cynthia Lummis reintroduced the "Boosting Innovation, Technology and Competitiveness through the Optimized Investment Nationwide Act," advocating for the US government to purchase up to 1 million BTC using budget-neutral strategies.
Timestamp: [06:32] - [16:49]
JV covers the significant development of cryptocurrency exchange Okx re-entering the US market after settling with the Department of Justice (DOJ).
Settlement Details: Okx agreed to pay a $505 million fine for operating an unlicensed money transmission business and violating US anti-money laundering laws.
Notable Quote:
“We are thrilled to announce the launch of OKX's centralized crypto exchange and the OKX Wallet in the United States...”
— Okx CEO Roshan Robert ([06:32])
Future Plans: Okx plans a phased rollout to ensure compliance and secure onboarding, with enhancements like deeper liquidity, lower fees, and advanced trading tools.
Compliance Measures: Collaborations with cybersecurity firms like Hackin to validate reserves and ensure wallet security.
Discussion Points:
Timestamp: [16:49] - [22:26]
JV highlights Brazil's fintech firm Melu (likely referring to "Melus") advancing its Bitcoin acquisition strategy:
Notable Quote:
“It pays to adopt a Bitcoin strategy for your company, and we're witnessing that left and right now.”
— JV ([17:18])
Timestamp: [22:26] - [27:52]
The episode sheds light on Semler Scientific's aggressive approach to Bitcoin investment:
Notable Quote:
“Our vision is to make OKX the gold standard of global compliance at scale across different markets.”
— Okx CEO Roshan Robert ([16:49])
Timestamp: [27:52] - [28:24]
Vana Executive presents a formidable Bitcoin price forecast:
Notable Quote:
“If Bitcoin could reach 50% of the gold as speculative in nature, that would imply roughly $450,000 per Bitcoin.”
— Matthew Siegel, Vaneka Executive ([28:24])
Timestamp: [28:24] - [27:52]
The episode culminates with an ambitious projection from the Bitcoin Policy Institute:
Scenario Analysis: Suggests that if the US government purchases 1 million BTC, Bitcoin's price could surge to $1,000,000 per coin.
Notable Quote:
“If the United States announces we are buying a million Bitcoin, that's just a global seismic shock. I think first Bitcoin price goes through the roof... [it] would probably go very quickly to something like a million dollars per coin.”
— Zach Shapiro, BPI ([27:52])
Global Implications: Such a move would position the US as a Bitcoin superpower, potentially sparking similar strategies from other nations like China and Russia.
Current US Holdings: Estimates suggest the US government holds approximately 200,000 BTC, primarily seized from illicit activities, though not yet audited.
Discussion Points:
Timestamp: [28:24] - End
JV wraps up the episode by reiterating the bullish outlook on Bitcoin, emphasizing the intertwined nature of Bitcoin's growth with political and economic strategies:
Notable Quote:
“Bitcoin is the [ultimate]... it's going up forever.”
— JV ([28:24])
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