
Changpeng Zhao expects Bitcoin to reach between $500,000 and $1 million this market cycle, driven by institutional adoption, growing government accumulation and a pro-crypto US policy.
Loading summary
Advertiser
You know that feeling when someone shows up for you just when you need it most? That's what Uber is all about. Not just a ride or dinner at your door. It's how Uber helps you show up for the moments that matter. Because showing up can turn a tough day around or make a good one even better. Whatever it is, big or small, Uber is on the way. So you can be on yours. Uber on On Our Way this episode is brought to you by State Farm. You might say all kinds of stuff when things go wrong, but these are the words you really need to remember. Like a good neighbor, State Farm is there. They've got options to fit your unique insurance needs, meaning you can talk to your agent to choose the coverage you need, have coverage options to protect the things you value most, file a claim right on the State Farm mobile app, and even reach a real person when you need to talk to someone. Like a good neighbor, State Farm is.
JV
There welcome Crypto fam to the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest bitcoin technical analysis as well as breaking news. Jack Mer Strike launches Bitcoin Back Loans I'll be sharing the controversy behind this as well as breaking news. Celsius's Machinsky lashes out as a death in prison sentence as the prosecutors are recommending a 20 year prison sentence. And as you know, he's already in his 50, so pretty good chances he'd die in prison with that sentence. We'll also be discussing Florida Take Strategic Bitcoin Reserve bill off the table. Damn it. DeSantis and I was anticipating Florida being one of the first states to adopt the bitcoin strategic reserve. But the silver lining Breaking news. New Hampshire becomes the first US State to pass the strategic Bitcoin Reserve bill. This is massive news on the day. I'll be breaking it down for you. We'll also be discussing bitcoin price rallied 1550% the last time this bitcoin risoff metric fell this low. Also, Bance founder CZ says Bitcoin could hit between $500,000 and $1 million this cycle. I'll be breaking down his timeline. 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, visit my YouTube channel at cryptonewsalerts.net Again, that's crypto news alerts.net Today is Pod episode 1984. We're 16 or 16 episodes away from the coveted 2000. It's insane. Most consistent number one daily Bitcoin pod hands down. Today is May 6th, 2025. I'm your host JV. Let's kick it off with our market watch. After a nice corrective weekend, we're finally back in the green. Pretty little bitty maintaining above 25,000 at the time of the live stream. Up roughly 1% on the day while Ether, Salana Sui and XRP remain in the red because they're part of the dark side. Just saying Lord Vader. XRP are kind of one in the same. But I digress. Checking out coinmarketcap.com current crypto market cap sits at a staggering $2.94 trillion. And to put that into perspective, the gold market cap is like 22 trillion. So we got a long ways to come before we ultimately off gold and teach Peter Schiffmeister a less once and for all. I think we'll get a final capitulation before you know it. But anyways, checking out top 100 crypto gainers past 24 hours we've got Monero, Whirlcoin and Tether Gold leading the pack as very modest gains on the day as the majority of the market is correcting. And in the red. And let me check out the dominance for today. Bitcoin dominance is 64.1%. This is the highest it's been in several months. Eth dominance has been stagnant. Currently 7.3%. And if you don't know now you know. And checking out the infamous crypto bubbles, I'd say 8020 red over green on the day. For the weekly I'd say maybe 8515 red over green. And for the month literally 95% pumpage. Only 5% in the red. And some of these massive gainers including the meme coins like fartcoin bonkers. There's a virtual a Pengu. I'm just going to assume they're all meme coins but you guys let me know. And checking out the crypt index Today we're at 59G. Yesterday 52. Last week at 60 and last month at 34. In fear and checking out the infamous time chain calendar we have 154,458 blocks until the having of 2028 Tik Tok next block roughly every 10 minutes. And if you don't know now you know. We're on block height number 895, 542 and as of today you can exchange one fiat monopoly dollar which is controlled by the lizard folk for 153 sets controlled by nobody. Bitcoin represents individual sovereignty and Bitcoin provides individual property rights. So you know what to do. Pick up the stats, put down the gats, pick up some bitcoin cats from my man sergio over@bitcoincaps.net get yourself a custom President B exclusive just like this. So yeah, let's break this baby down Headline here. Reason I'll also pull up some of the live chart Bitcoin risks up 92 retest at the Bitcoin price fails to match the 4% gold gains and Peter Schiffmeister is going wild here. We're looking at a bitcoin one hour chart. We had a little bit of a correction obviously over the weekend, but we're back above 95. Geez baby. @ the time of the live stream. That's right, Trading view showed a bitty price momentum stalling in 95 before the latest daily close, inching closer to the key yearly open support level of 93.5 as Bitcoin appeared in a limbo while gold returned outperform. That's right, gold slash USD was up 1 1/2% on the day. Wowzers. Peter Schiff look at those gains.
Advertiser
Crypto Lowe's helps refresh your garden in time for Mother's Day Right now get five bags of one and a half cubic foot Scott's Naturescapes mulch for just ten dollars plus select one and a half gallon annuals. Hanging baskets make the perfect gift now two for only fifteen dollars. The best garden starts with great deals Lowe's we help You Save ballot through 57 Selection Varies by location while supplies last discount taken at time of purchase.
JV
Implied volumes remain suppressed with front end scoot drifting back towards neutral and spot largely directionless according to QCP Capital. They noted various swings across the macro spectrum with the dollar staying lower in emerging market currencies, especially the Taiwanese dollar surging alongside gold quoting them here. At the same time the FX shakeup coincides with nearly a 3% surge and the gold on Monday as investors lean into the weaker dollar narrative and price and geopolitical risks premia including prospective U S Trade diplomacy and with bitcoin yet to follow suit. QCP said increasingly binary next phase with one outcome being the bitcoin decouples from gold safe haven bid and relinks with the broader Ricks risk proxies. And in his own analysis the Kabisi letter shared in April, bitcoin Joined the goal run increasing correlation for the first time in months between April 7th and the 21st goal surge 15 alongside with 12 gains for the Biddy and the flight to decentral lies in inflation protected assets is strong. Keep watching this trend and if you don't know now you know. Meanwhile the MACD gives the bitcoin bulls a pause for thought. Evidence for this came from the moving average convergence divergence known as the MACD indicator, a measure of trend strength that gave conflicting signals on longer and shorter time frames. Quoting Dave the Wave or Here Bitcoin is consolidating between last week's high and low, awaiting tomorrow's FOMC meeting with J pal. Meanwhile the D MACD is crossing bearish signaling slower momentum and if you don't know now you know. One more quote from Material Indicators. While I am prepared for a wick to 88 to 90,000 range, I think 916 level around the 21 moving average is likely target of the week. Let me know if you agree or disagree and let's next pull up some of the live charts and then I actually have something very interesting regarding massive news from Strike. Jack Mer's company just launched Bitcoin back loans and I'm going to share with you dime Simon Dixon's perspective on that and what's really going on with the institutions right now. But first, as I promised, let's do some chart action Jackson for the Broskis and the baddies. Now you should be able to see on your screen this is the one minute. I usually start from the one hour. So let's go start from there and work our way back. Looking at the one hour chart fam, you can see there's a falling wedgie. Two bull scenarios, one in the red sitting at 98 7:45 about a 4,000 climb from the current price. We have another bull scenario in the green sitting at 97,000 and zooming out from the one hour we take a look at a four hour and as you can see two nice green candles formed since this morning. So bullish momentum returning in the market. On the four hour we do have a bull scenario of 987 and then in the green at 97 very similar to the one hour chart and zooming out a little further we take a look at a daily. For the daily thus far we're forming a green. Yesterday was an itty bitty green form candle but the week was pretty bearish. Hence the, you know, the red candle closes. But we do have a bull scenario which would retake us the price discovery currently at 111 at least for this target on the chart. Current all time high is 1093. And then we have a bear scenario in the pink here sitting at just shy of 69G's baby. And zooming out from there we take a look at the weekly and you can see we've had 1, 2, 3, 4 green consecutive weekly closes. Good sign considering the previous months were pretty red and we do have a cup and hand target sitting at 124,000 most likely. In my humble opinion, once we can reenter price discovery, I think the next leg up is going to be in the 120 to 130 region and that may be extremely accurate. That's been printed on this chart for quite some time as the bullish momentum returns here in Q2 after a pretty bearish Q1 after hitting the all time high in January of course and zooming out on the monthly. The monthly shows us us thus far bullish for May even though we're only six days in. Two previous months were bearish. Then before that we had some green. But hopefully this bullish momentum continues because you got to keep in mind where we're at in the cycle. It's literally 12 months, 13 months after the having. Typically we hit a cycle peak between 12 to 18 months out, which would mean if history is to rhyme or repeat within the next six months we can anticipate a massive bullish run up that can melt faces. And if you don't know now you know. But I actually wanted to share with you something very interesting really quick regarding Jack Mahlers is big news. And then we'll continue with our next story of the day. Jack Mahler's announced it right here announcing Strike lending. You shouldn't have to sell the best performing asset in human history to access cash now. You don't have to access your bitcoin wealth without selling it. Build a better life on top of Bitcoin with Strike Borrow Fiat Hodl Bitcoin and in this video he breaks down you know the product. It's about a 17 minute video now. Simon Dixon responded and I wanted to actually bring this to your attention. Ryan Reynolds here from IT Mobile. I don't know if you knew this but anyone can get the same Premium Wireless for 15amonth plan that I've been enjoying. It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to do@mintmobile.com.
Advertiser
Switch upfront payment of $45 for 3 month plan equivalent to 15 per month required intro rate first 3 months only then full price plan options available taxes and fees extra fee full terms@mint mobile.com.
JV
Are we really doing this again? Now ask Jack Mahlers where do the dollars really come from? My bet Howard Lutnick who gets them straight from the Fed to back stable coins long before the banks manufacture new mechan margin call your bitcoin the end game Push strategy into chapter 11 after Wall street unleashes another round of financial weapons of mass destruction backed by bankster bond investors. The banks want your bitcoin and they are recruiting their team to get them for you. Debt and leverage is how they get you. Let's continue. Alex Mashinsky. He was the Celsius founder. It was like a six billion dollar fraud and the prosecutors are shooting for 20 years in prison which is ultimately a death. So this is an interesting headline. Celsius Mashinsky lashes out at the death in Prison sentence Alex Mashinsky and you can just look at him and tell he's shady. He's one of those types of characters. The founder and former CEO of bankrupt crypto lending platform Celsius has blasted the government's 20 year Venom lace sentence request declaring it a death in prison sentence. Well, you shouldn't be doing these types of crimes in your 50s, you idiot. @ least Bankman freed did the crime in his 20s. He'll get out to see some fresh air one day maybe. No Diddy. The U S Department of justice requested Machinsky receive at least 20 years behind bars on the May 8 sentencing for his role in misleading Celsius users and profiting from the price manipulation of Celsius the cell token which would make the 59 year old 79. If he serves the whole sentence. And you already know with the type of quality of food in prison, it's probably highly unlikely this man lives to 79. Just saying. Lawyers acting for Mashinsky argued in a May 5 reply memorandum filed in New York District Court he should receive no more than 366 days. You freaking crazy? Because the DOJ hasn't taken into account his status as a nonviolent first time offender. Bullshit. With previously unblemished 30 year history in business. To me he was the most obvious fraudster. Going back him and Bankman freed, I'd put them in the same category. If he gets anything less than 20 years, I'd be shocked. But to say he only deserves 366 days in prison for scamming our industry out of $6 billion. You know what I said to the defense attorney? Go yourself the government venom And I'm typically I don't like to see people go to prison. But when they're this level of a scumbag, I'll tell you how I really feel. The government's venom lace submission recast this case as one involving a predator with an intent to target victims, harm them and steal their money. Couldn't agree more. It concludes by recommending that a first time not a violent offender who pled guilty and excess responsibility receives a death in prison sentence. Well, it's only a death in prison sentence because the retard is 58 years old and committed a financial crime and one of the biggest financial crimes of all time. That's why it's not sentence life in prison. It's just you're an old man doing a crime and you got to pay the time. You know what I mean? Just saying. As part of the plea agreement, Mashinsky pleaded guilty December 2024 to commodities fraud manipulating the price of selling earning 48 million by selling his holdings before the Celsius collapse In June of 2022, prosecutors initially filed seven charges. This is back in July of 2023 lawyers acting for Machinsky alleged the DOJ's push for the 20 year sentence is because their client is unwilling to capitulate to the government's exaggerated characteristics of his actions. Specifically that he was a fraud from the get go. No, it was crystal clear. I recognize him as a fraud from the first time I ever saw his ugly little face case. And I just want to tell you how I feel. It couldn't be more obvious. So don't believe the hype. Alex is inserted as the scapegoat for every corporate action, every group decision, every unanimous vote, every market fluctuation and every employee's water cooler speculation, whatever. Lawyers and as part of the April 20 sentence request, the DOJ said Machinsky's guilty plea shows that his crimes were deliberate. 100 calculated 100 decisions to lie deceives 100 teach them a lesson days earlier April 23 US federal prosecutors also false statements from hundreds of victims who lost money due to the and let me know if you lost money on Celsius. They detailed how some entrusted their life savings to the protocol believe in Machinsky's assurances that it was safe. So he was just a con artist. Celsius file Chapter 11 bankruptcy 07-13-2022 owing almost 5 billion to creditors after halting withdrawals in June, citing volatile market conditions. And then In November of 2023, U S bankrupt court approved Celsius restructuring plan to repay customers with two and a half billion paid to 251,000 creditors. Former Celsius Chief Revenue Officer Ronnie Paven pleaded guilty September of 2023 to similar charges.
Advertiser
This episode is brought to you by Indeed. When your computer breaks, you don't wait for it to magically start working again. You fix the problem. So why wait to hire the people your company desperately needs? Use indeed sponsor jobs to hire top talent fast and even better, you only pay for results. There's no need to wait. Speed up your hiring with a 75 sponsored job credit@ Indeed.com podcast. Terms and conditions apply, but his Dec.
JV
11 sentencing has been delayed until after Mashinsky is sentenced. Well, there you have it. I want to know how many of you were impacted by the likes of Celsius. Let me know. And do you think he should serve 20 years in prison or just 366 days as per his defense attorney Florida Takes Strategic Bitcoin Reserve Bill off the Day Able that's right, two Florida crypto bills have been removed from the legislative process. The latest blow to the American state strategic level Bitcoin reserve ambitions. Florida House Bill 487, Senate Bill 550 have been I identified post or indefinitely postpone and withdrawal from consideration as of May 3, according to the Florida State Senate. Florida's legislative session adjourned May 2 without the passage of the two bills, which would have advanced legislation to establish equipment reserve for the state, the Senate, Senate and the House agreed to extend the session until June 6th to address the budget plans. Lawmakers passed about 230 bills during the session dealing with things like prohibiting putting fluoride in the water. That's major. The fluoride in the water. Remove that. Protecting state parks? Yeah, you got to protect the parks and a school smartphone ban. Interesting, but diversifying state treasury portfolios was not am amongst them. And as you can see, Florida was making grounds and now everything's just been ultimately canceled. HB47 was first introduced in February, which would allow Florida's chief financial officer and the State Board of Administration to invest up to 10 of the certain state funds into the pre little bitty going up forever. Laura SB550 also filed in February to enable investments of the public funds into the biddy. Florida now dropped out of the race. Oh no. The past state level crypto investment legislation along with Wyoming, South Dakota, North Dakota, Pennsylvania, Montana and Oklahoma, which have seen the bitcoin bills fail to pass the House or Senate votes according to the bitcoin laws. Now Arizona has two more chances. It came after Arizona advanced strategic Bitcoin reserve legislation further than any other state until House Bill 1025 was vetoed by Satan spawn Governor Katie Hobbs, who labeled digital assets untested investments. In fact, I dare say her lizard folk handlers told her to veto the bill. The digital Asset Strategic Reserve bill would have perm Arizona to invest seized funds into bitcoin and create a reserve managed by the state officials. The move drew the ire of crypto advocates and bitcoiners, including entrepreneur Anthony Pumpliano, who shared the following Imagine the ignorance of a politician to believe they can make investment decisions. Arizona has two more chances to be the first in the nation to establish a bitcoin reserve. Well, now it's officially over. They can no longer be the first in the nation, he added. The most likely to pass the HB 2749, which offers a budget neutral method of funding the reserve using profit from the unclaimed property fund. Now there's also a related bill which is SB 1373, which would authorize the state treasurer to allocate up to 10% of the Arizona state funds into digital assets. It has yet to reach the final vote. And there you have it. But yeah, here's the big news for New Hampshire. New Hampshire becomes the first U.S. state to pass the strategic Bitcoin Reserve bill. New Hampshire has made history as the first state in America to adopt the strategic Bitcoin reserve bill into law. Law. Months after Representative Keith Almond introduced the bill, it has now become law. The New Hampshire plan to gain exposure to Bitcoin is based on the model created by the Satoshi Action Fund. So shout out Dennis Porter doing big things. According to the press release by Porter, the HB302 bill is now law, it's official, the first of its kind in the United States. And under the new law, the state treasurer can now officially buy bitcoin and other digital assets with market cap of at least 500 billion. So you run the math, how many crypto assets are there with a market cap of 500 billion or more? I think it's just bitcoin. Notably, only bitcoin fits the requirement. That's right. What a beautiful thing. The New Hampshire bill for the bitty was introduced in January and moved closer to adoption as the House ascented in March. With the proposed law, the state can now hold up to 5% of its funds into digital currency currencies Game on. This move complements the general trend here in the United States where different regions are now contemplating whether to proceed with crypto reserves sparking Bitcoin game theory or another phrase coined by Max. He calls it the global Hash War as nations will be adopting Bitcoin so they don't get left behind and it's obviously occurring already at a state level here in the States. You can see the big news here and Governor just signed the HB302 into law. America is buying Bitcoin. History is being made. So shout out the governor, shout out all the officials involved in this. That's a great step in the right direction for our country. And a little more insightful here. Dennis Porter shared this info. He's actually the founder of the Satoshi Action Fund and this is the official press release. New Hampshire becomes first state the past Strategic Bitcoin Reserve bill into law. Landmark win built on Satoshi actions model policy establishes the blueprint for the rest of the nation. What exactly does this bill deliver? Unless the treasurer buy Bitcoin and other top tier assets. But it must have a 500 billion market cap or above which currently only Bitcoin's qualified for.
Advertiser
The NBA 82 game grind is done and now the real fun begins. The NBA playoffs are here and DraftKings sportsbook has you covered as an official sports betting partner of the NBA. Make it a playoff run to remember with DraftKings. Download the DraftKings sportsbook app and use code Field Goal. That's code Fieldgoal for new customers to get $200 in bonus bets. When you bet just five bucks only on DraftKings, the crown is yours. Gambling problem. Call 1-800- gambler in New York, call 877-8-HOPE and Y or text hopeny 467-369 In Connecticut, help is available for problem gambling. Call 888-78-9-7777 or visit ccpg.org Please play responsibly on behalf of Boothill Casino and Resort in K Over. Age and eligibility varies by jurisdiction. Void. In Ontario, new customers only. Bonus bets expire 168 hours after issuance. For additional terms and responsible gaming resources, see DKNG Co Audio.
JV
So maybe in the future some additional alt may fit the bill. Maybe some stables? We'll find out. Caps holding at 5% of the total state funds ensures bitcoin complements the state's broader investment strategy and mandates robust US regulation. Regulated custody, of course, takes effect 60 days after passage. So a clear Runway to activate the reserve and begin stacking the SATs. Who should we celebrate for making this happen? Keith Aman, Majority Leader Jason Osborne, Ian Wet and Governor I Oate. And I know I'm butchering some names here, but mad respect. And again, a step in the right direction. Love to see it. Only a matter of time for the rest of the states. Follow in this direction. Now the blueprint has been laid out just like Bukele laid out the blueprint with bitcoin country. Game on. All right, next story of the day. Family headline reads Bitcoin price rallied 1550% the last time the biddy price wrists off metric. Excuse me, fell this low. That's right. Check it. May 5 Bitcoin risk off signal an indicator that uses on chain and exchange data to accept success correction risk dropped to the lowest level for the first time March 27th of 2019. So it's been six years when Bitcoin was trading at $4,000. How many of you were around back then? Let me know. The signal is currently in the blue zone. You're my boy blue which historically suggests low correction risks and a high probability of a bullish trend. When the oscillator rises above a six year turns Darth Vader red implying a higher risk of the bearish movement. That's right. And in 2019 the same signal proceeded a stag 1550 rally that saw bitcoin soar to a new all time high. It was actually 69000 November 10th of 2021. Data from Crypto Quant indicated the risk off signal combined six metrics downside and upside volatility, Exchange inflows, funding rates, futures open interest, market capitalization collectivity. They provide a balanced view of the correction risks making the signal a data oriented gauge for the market trends. The last time the risk off signal indicated the low risk investment environment Bitcoin was valid at only 4 GS. Several factors can explain the price disparity. The launch of the Bitcoin ETFs in the US which actually was January 11th just over a year ago open the floodgates to the institutional capital boosting the demand and stabilizing the biddy price. In fact the ETS and the public companies now hold 9% of the Bitcoin supply. That's pretty mind boggling. Just strategy B which currently has like over 560000 Bitcoin and BlackRock has over 600 000. Collectively they just two companies own more than Satoshi 1.1 million crazy latest ETFs and public companies now hold 9% of Bitcoin supply spot ETFs own 5.5% after just one year. Where do you think they'll be in the next five years? And companies like Strategy alone own three and a half percent of the institutional adoption. This is mind boggling and it shows you here the ETFs and public companies collectively 9% holding of the total bitcoin supply and I think those numbers are only going to massively increase. Hence Simon Dixon blowing the whistle like stop giving your bitcoin to these guys. You know they're looking to take your bitcoin. So hoddle be thy name. Data from Fidelity showed Bitcoin's volatility decreased three to four times that of the Equity index index down from triple digit volatility in the early years as illustrated in the following chart, between digit volatility in the early years 20192025 the one year annualized realized volatility dropped by more than 80%. This maturing market absorbs the capital inflows with less price disruption, thus growing mainstream adoption, regulatory clarity and the Bitcoin increasing roles that hedge against the inflation at bolster to value setting a higher price floor compared to the infamous 2019. That's right. Meanwhile, the Macro Chain Index is a composite of on chain macroeconomic metrics flashed the buy Signal for the first time since 2022 when it accurately predicted the market bottom of 15. 5. Historically the MCI RSI crossover has preceded a massive rally such as more than 500 surge back in 2019. Combined with the rising futures open interest and favorable funding rates, the MCI suggests the biddy could break a hundred thousand over the coming week. I should say or I dare say they say within the coming few weeks. I say we can do that this week. I think we're going to continue with our bullish momentum. But you guys let me know your thoughts. An analyst by the name of Dark Foss pointed out the Bitcoin Network Activity Index had declined sharply reflecting reduced transaction volume and fewer daily active addresses since December of 2024. The drop of the UTXOs further indicates a waning demand for the block space, a pattern often seen in the bear markets.
Advertiser
The Hoover Dam wasn't built in a day and the GMC Sierra lineup wasn't built overnight. Like every American achievement, building the Sierra 1500 heavy duty and EV was the result of dedication. A dedication to mastering the art of engineering. That's what this country has done for 250 years years and what GMC has done for over a hundred. We are professional grade. Visit gmc.com to learn more. Assembled in Flint, Hamtronic, Michigan and Fort Wayne, Indiana of U S and globally sourced parts.
JV
However the analysts explained this done confirmed a bearish outlook. Macro indicators remain strongly bullish suggesting this lull could be a strategic entry point for the long term investors. And I think that's precisely what it is as the smart money, the institutions, the states, the sovereign wealth funds, the pension funds are all coming running for the preload B like Deion Sanders in his prime all right, now for our feature story of the day, fam Binance founder CZ Shong Ping Zao says Bitcoin could hit 500,000 to 1 million per coin this cycle. Let's break it down. The latest prediction from cz. The man, the myth, the legend himself, and I dare say one of the richest if not the richest on paper in cryptocurrency and the richest man to ever serve jail time. The one and only CZ. He expects Bitcoin's price to top at 500,0001 million during this current market cycle. During a new interview with Rug Radio, he said that he expects Bitcoin to reach up to a million during this market cycle. He also highlighted the role of Bitcoin spot Bitcoin ETFs in the rise, saying that the increasing institutionalization of the B is a good thing for the market. Quoting him here, there's the ETF ETFs, there's the institutionalization of the biddy. It's a positive in the terms of the price action. Obviously bruh, our bags are up. Not the altcoins as much, but at least the Bitcoin is. Can I get an amen? CZ explained that the ETFs are bringing the traditional institutional money into the crypto and most of the money in the U S institutional money. He also said the Bitcoin is going up because Most of the EDF's are Bitcoin based. That's right. The institutions only want Bitcoin. There's really not much going on outside of it now. Founder of Research Alex Ob Something said that 70 of the Bitcoin growth is new institutional capital. The rest is just a re distribution of the crypto assets. He highlighted the roles of the ETFs in pushing the Bitcoin price higher. As he shared here, the ETFs, especially the Bitcoin ETFs are a key driver of the bullish trend, but with small volatile corrections. The governments are in on it too. CZ highlighted the governments are increasingly buying bitcoin as well, which is really good for the price action. It's also very good validation. It only took the United states, you know, 16 years to adopt some bitcoin or at least pastor strategic reserve, bill the executive order and hopefully they start their accumulation spree here sooner than later. Where we get left behind. Trump, if you're listening, the remarks follow multiple countries accumulating the bidding in late April. El Salvador bitcoin country, the world's first country to adopt the biddy as illegal to lender continue to acquire the biddy. That's right. In fact they're purchasing at least one bitcoin per day despite the IMF FUD and claiming the opposite. Yes, Bukele took the 1.4 billion loan and said yeah, I'm just going to continue to buy the biddy deal with it. The country has already acquired 7 bitcoin worth 650000 in the seven days leading to April 27. The country's bitcoin office data shows El Salvador currently holds 6170 Bitcoin worth almost $580 million. Also we have the Kingdom of Udon accumulating bitcoin. January reports suggest a new economic hub of the country plans to set up the crypto strategic reserve comprising of major crypto assets including bitcoin and Ethereum. The former Banana CEO also noted the US had pivoted 180 degrees under the pro crypto president Mr. Trumpinator. They are smart enough to recognize that buying the bitcoin is a great move and now the other countries will have to follow. That's the key there. We'll have to it's called follow the leader. And talking about the retail investors, he said they have 15 years to buy. Consequently if they're late now, that was their choice. Well here's the deal. We all pay for the biddy at the price we deserve. Now just the other day I published for the first time ever a seven year prediction including with dates and prices. This was shared on May 4th at 9:45pm it got a lot of love actually. 90 bookmarks, 317 hearts and 38 repost. And I wrote my Bitcoin prediction for the next seven years bookmark this 5-4-2025 we all know it was 95 000. So for the next seven years here's my prediction next year. 4202-0273-3320-2811 million 2029 2.2 million 2030 3.6 million 2031 2.9 million, 2032, that's two halvings from now. 4.7 million. And I cut it off there. If I would continue going, I dare say 2033, seven plus million, but I cut it off because I don't want people to to go crazy with my predictions. Just a little crazy. But let me know your thoughts. And yesterday I broke down my logic of how I came up with the numbers, which ultimately I use intuition. I don't use charts, I don't use analysis, I don't use any of the traditional ways these other analysts do it. I just use my insights, I use my intuition and I pull the numbers out of my ass. But I stand by them. Let me know if you agree Disagree I read your comments out loud. Welcome everyone to the Q A segment of the live stream and shout out Oracle. She just gifted five more membership. Good Lord. That's a collective of 10 memberships gifted today by just our Oracle. The greatest to ever do it. And congratulations Bobby, Digital, Sat Stacker, Crypto, Scarface, Kanito, Warrior and Anonymous. You've all been hooked up with a microstrategy membership of the channel on behalf of our very own Oracle. So welcome all the new members. This gong strike is for you. 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. Hoddle.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1984: “Bitcoin on Track to Reach Between $500K - $1M THIS Market Cycle” - CZ
Released on May 6, 2025
Host: Justin Verrengia (JV)
In today's episode, JV provides a comprehensive update on the cryptocurrency market's current state. After a corrective weekend, Bitcoin (BTC) has rebounded, maintaining a price above $25,000 with a modest daily increase of approximately 1%. In contrast, other major cryptocurrencies like Ether (ETH), Solana (SOL), and XRP remain in the red, described humorously as "part of the dark side" (02:10).
Key Metrics:
JV emphasizes the significant gap between the crypto and gold markets, highlighting that the crypto market is still far from surpassing gold's $22 trillion market cap (01:20).
JV discusses the latest development from Jack Ma's company, Strike, which has introduced Bitcoin Back Loans. This innovative financial product allows users to access cash without selling their Bitcoin holdings, promoting the philosophy of "HODLing" (12:15).
Notable Quote:
"You don't have to access your Bitcoin wealth without selling it. Build a better life on top of Bitcoin with Strike Borrow Fiat Hodl Bitcoin." — Jack Ma [12:15]
Simon Dixon responds critically, suggesting that financial institutions like Strike are leveraging Bitcoin for profit, potentially disadvantaging individual holders (13:45).
A significant portion of the episode is dedicated to the legal troubles of Alex Mashinsky, the founder of the bankrupt crypto lending platform Celsius. Prosecutors are recommending a 20-year prison sentence for Mashinsky due to his role in misleading users and manipulating Celsius's token price.
Notable Quote:
"The DOJ's push for the 20-year sentence is because their client is unwilling to capitulate to the government's exaggerated characteristics of his actions." — JV [14:30]
Mashinsky has pleaded guilty to commodities fraud and manipulating the price of Celsius's token, leading to massive financial losses for users. JV expresses strong disapproval of Mashinsky's actions and the severity of the sentence, sarcastically remarking that Mashinsky is likely to die in prison given his age (16:00).
Florida's Setback: Florida attempted to establish a Strategic Bitcoin Reserve through House Bill 487 and Senate Bill 550. However, both bills were withdrawn from consideration as of May 3, 2025, marking a significant setback for the state's crypto investment ambitions.
Notable Quote:
"Florida was making grounds and now everything's just been ultimately canceled." — JV [17:30]
New Hampshire's Milestone: In contrast, New Hampshire successfully passed the Strategic Bitcoin Reserve bill, making it the first U.S. state to adopt such legislation. Modeled after the Satoshi Action Fund, the bill allows the state treasurer to invest up to 5% of state funds into Bitcoin and other top-tier digital assets with a market cap of at least $500 billion.
Notable Quote:
"New Hampshire has made history as the first state in America to adopt the Strategic Bitcoin Reserve bill into law." — JV [21:10]
JV applauds the state's achievement, highlighting Governor Keith Almond and other key officials for their role in passing the bill. This move is seen as a blueprint for other states to follow, especially in the wake of global trends where nations are increasingly adopting Bitcoin to stay competitive (22:35).
JV delves into the technical aspects of Bitcoin's performance, discussing various indicators and market signals.
Bitcoin Risk-Off Signal: The Bitcoin risk-off signal, which factors in on-chain and exchange data, has fallen to its lowest level since March 27, 2019. Historically, a low-risk environment like this precedes significant bullish trends.
Notable Quote:
"The risk-off signal is currently in the blue zone, suggesting low correction risks and a high probability of a bullish trend." — JV [23:00]
In 2019, a similar signal preceded a 1550% rally, pushing Bitcoin to new all-time highs. JV suggests that the current signal could indicate another massive bullish run, potentially propelling Bitcoin to unprecedented heights (25:00).
MACD Indicators: The Moving Average Convergence Divergence (MACD) for Bitcoin shows conflicting signals, indicating a potential pause in bullish momentum. However, JV remains optimistic, citing macro indicators that remain strongly bullish and suggesting that the current market lull could be an opportune entry point for long-term investors (26:45).
One of the episode's highlights is Binance CEO Changpeng Zhao's (CZ) bold prediction that Bitcoin could reach between $500,000 and $1 million during the current market cycle. Discussing an interview with Rug Radio, CZ attributes this optimistic outlook to the increasing institutional adoption of Bitcoin, particularly through the rise of Bitcoin Spot ETFs.
Notable Quote:
"There's the ETF ETFs, there's the institutionalization of the BTC. It's a positive in terms of the price action." — CZ [30:15]
JV echoes CZ's sentiments, emphasizing the role of institutional investors and government adoption in driving Bitcoin's price higher. He highlights that major institutions like BlackRock and institutional funds collectively hold a significant portion of Bitcoin's supply, reinforcing the cryptocurrency's legitimacy and long-term potential (31:20).
Additional Insights: JV outlines his own long-term Bitcoin price predictions, projecting milestones up to 2033, based on intuition and market insights rather than traditional chart analysis. While acknowledging the speculative nature of these forecasts, he stands by his optimistic outlook for Bitcoin's future (32:00).
In the latter part of the episode, JV engages with his community, recognizing members who have gifted memberships and encouraging listeners to participate in the live Q&A. He invites feedback on the discussed topics, particularly regarding the impact of Celsius's collapse and opinions on Mashinsky's sentencing.
Notable Quote:
"Let me know how many of you were impacted by the likes of Celsius. Do you think he should serve 20 years in prison or just 366 days as per his defense attorney?" — JV [34:00]
Episode 1984 of "Crypto News Alerts" offers listeners a thorough analysis of the current cryptocurrency landscape, combining market data, significant news events, technical insights, and expert predictions. JV effectively balances critical commentary with optimism for Bitcoin's future, particularly in light of institutional adoption and strategic legislative actions by states like New Hampshire. For those keen on staying informed and navigating the dynamic world of cryptocurrency, this episode serves as a valuable resource.
Relevant Quotes with Timestamps:
Market Overview:
"The total crypto market cap sits at a staggering $2.94 trillion." — JV [01:15]
Strike Launches Bitcoin Back Loans:
"You don't have to access your Bitcoin wealth without selling it." — Jack Ma [12:15]
Celsius's Alex Mashinsky Sentencing:
"The DOJ's push for the 20-year sentence is because their client is unwilling to capitulate to the government's exaggerated characteristics of his actions." — JV [14:30]
New Hampshire's Strategic Bitcoin Reserve:
"New Hampshire has made history as the first state in America to adopt the Strategic Bitcoin Reserve bill into law." — JV [21:10]
Bitcoin Risk-Off Signal:
"The risk-off signal is currently in the blue zone, suggesting low correction risks and a high probability of a bullish trend." — JV [23:00]
CZ's Bitcoin Price Forecast:
"There's the ETF ETFs, there's the institutionalization of the BTC. It's a positive in terms of the price action." — CZ [30:15]
Stay Connected: For the full premium experience, including video content and live Q&A sessions, visit cryptonewsalerts.net. Join the community and stay informed with the most up-to-date cryptocurrency news and insights.
HODL!