
Bitcoin OG Max Keiser shares yet another ultra-bullish BTC price prediction as Bitcoin reclaims $100,000. "Nature hates a vacuum and so does money. The vacuum from $98,000 to $500,000 is gaining suction.
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JV
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 there. 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 our way. Welcome, bitcoin fam, to number one daily Bitcoin pod. And congratulations. We recaptured the coveted 100, 000 milestone today. In fact, we're currently at 101 5, up over $5200 on the day. Make some noise for that. In today's show, we'll be discussing the Missouri bill ending capital gains tax ahead of the governor for signature. Literally this close. As well as big news coming out of the Texas House committee passing a bitcoin reserve bill for the full floor vote. And speaking of state adoption, Arizona governor signs law for the state to keep unclaimed crypto. That's right. Also, US Banks can handle customer crypto assets held in custody, according to the regulator. It's official. It's confirmed. This is also a massive, massive bullish news. As well as bitcoin price will soar to 500,000 per coin in a jiffy. This is according to your holiness, one and only Max Kaiser. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Welcome again, fam. We're going to do a big, massive gong strike in celebration of recapturing 100,000 for the first time again since January. It's literally been that long. So congratulations. This gong strike is for all the bitty baddies and the bitty brosis for holding it down. Congrats. And let's send this MoFo to 1.1 million where it belongs. Foreign yo, what's good, crypto fam? This is first and foremost a video show. So if you want the full premium experience with video visit my YouTube channel at cryptonewsalerts.net again. That's crypto news alerts.net today is pod episode 1986. I'm your host, JV. It's May 8, 2025. Bitcoin up over 5,000 on the day, finally recaptured 100,000 for the first time since January. In fact, we're on the cusp of reclaiming 102,000, taking us within striking distance from all time high. Things are getting pretty lit, so let's kick it off with our market watch as we do each and every day. As you can see here, let me see here. You should be able to see on your screen here shortly. There you have it. Bitcoin up 5.4% on the day, trading above 1015 at a time of the stream. Even Ethereum up 18% on the day, trading back above 21. Hundo, it seems like we were 1,400 the other day. XRP up 7%. The entire market lit like a Christmas tree. Game on. And checking out coin market Capcom. The current crypto market cap back on a rise. 3.17 trillion soaring up 7% on the day. The Bitcoin market cap back above 2 trillion. That's a great sign, a good omen as well. We have 138 billion worth of volume for the past 24 hours with a bitcoin dominance coming in today at a staggering 63.6. Ether dominance finally made a move up. It's been a hot minute. Currently 8.1% checking out top 100 crypto gainers past 24 hours. We got Virtual of 42, Brett up 42 and Pudgy Penguins up 29. Which alts, if any are you bullish on for the bull at your boy? And checking out the crypto bubbles, we'll get a visual perspective on the day. And we love days like this. It's like 98 of the market in the green. I only see two losers, Xaut and FOM. So virtually everything pumping, zooming out for the week, I'd give it, I'd say 8020 green over red. Pretty impressive gainers across the board. And for the monthly, virtually every single thing I should say minus two little things I see in the red. So almost everything's up and some of those meme coins are up hundreds of percent. And checking out the crypto greed interior index today we're 65. Greed yesterday at 67, last week at 53 and last month at 24. An extreme fear. And checking out the infamous time chain calendar. We're currently on block height 895853 and we have 154,147 blocks into the next having now check this. As of today you can only get 987sats per dollar. So you know what to do. Stack the sats, put down the gats and pick up some bitcoin caps from a man, sergio over@bitcoin caps.net get yourself a custom CNA exclusive just like this. Do a little bit of TA aka astrology for the baddies after the infamous freeze frame of course. Headline here reads Bitcoin price reclaims a hundred thousand for the first time since January. That's right. Bitcoin reclaimed a hundred thousand this morning for the first time since January. Reflect reflecting renewed bullish sentiment amongst investors. It was earlier this morning and in fact we're very close to 1002000 at the time of the live stream. It marked the third time Bitcoin's broken through the six figure level since first achieving it on December 5th of last year. A second all time high followed January 20th, which is the current all time high. On inauguration day which is member week is here at Lowe's. Don't miss your chance to get up to 40% off hundreds of items like paint, stain tools, flooring and more. Shop our exclusive deals happening in store and online from May 8 through May 14. Not a member? Join Mylowes Pro Rewards for free today and get ready to save more Lowe's. We help you save loyalty programs subject to terms and conditions. Details@lowe's.com terms subject to change 193. So we're in striking distance away from reentering price discovery. And unlike the previous hundred thousand hits, the new price spike came as bitcoin market dominance surged above 60% reflecting potential bearish sentiment for the altcoins. Meanwhile, bitcoin dominance, the asset share of the total crypto market has been steadily rising over the past year. Happy 420 for the Broskis. We just hit 420 here in Puerto Rico. During its first run to a hundred thousand In December of 2024, a Bitcoin dominance stood at 52% and by January of 2020 hit 54% and now we're like at 63% according to coin market cap. I think we're likely to hit 70% this cycle. You guys let me know your thoughts on that. The latest spike in the bitcoin dominance matches historic levels last seen in early 2021. Deja vu fam. When Bitcoin was trading around 36,000 and heading to the previous all time high of 60 GS. Quoting an analyst here. Bitcoin has been showing strength for weeks now, outstripping other digital tokens and scarcely flinching against sort of geopolitical events in Asia and the Middle east as they have impacted it in the past. With gold also running good all year, there's now a case for saying that Bitcoin may have proven itself as an economic hedge and a long term store value. I think it's already proven itself. Facts Bitcoin's latest 100,000 breakthrough came amid a combination of political, institutional and macroeconomic factors. Some in the community linked the bitcoin latest bullish action to the potential trade deal. Again, Trump was speaking this morning regarding a trade deal between them and the UK and we were pumping the entire time he was speaking, quoting an analyst here. Bitcoin's hovering above 100, a key psychological level for the traders after Trump hinted at a major trade deal likely with the uk. The analyst also said the rally is supported by falling bond yields, a weakening dollar as well as renewed institutional inflows into the Bitcoin ETFs. We saw 1.8 billion of inflows in the past trading week. Meanwhile, the Crypto Greed and Fear index current scores of 65 as I outlined for you earlier and while momentum is strong, upcoming U S budget data on May 12, the CPI consumer price index on May 13 will be key in determining if Bitcoin can break and hold above the level. For the rally to sustain, the trade deal narrative will need to evolve into concrete, concrete progress and some analysts calling for 110 sooner than later and I couldn't agree more. I think this may be the big week but you guys let me know your thoughts and I'm going to pull up some of the live charts as they're looking extremely lit right now. So let's pull these mofos up. You should be able to see live and on your screen via TradingView via Coinbase this is the one hour chart. Notice a mega green candle form this morning and we have been steady but slowly rising to where we're currently at. It's a good sign currently above 1014 at the time of the live stream and yes this is live it in the flesh. Live chart Action Jackson for the broski satisfaction and can't forget about the baddies and zooming out for the four hour. The four hour. You can see 1, 2, 3, 4, 5, 6, 7 eight consecutive green candles. So we've been pumping since yesterday. Hence why we started a pump wash to 100,000. And zooming out from there we'll take a look at a one day. We should see some big bull candles for the day forming. Yep, massive. Even bigger than yesterday's and the day is still young. Happy 420 again in advance. We also have a daily target in the red sitting at just shy of 112,000 which would take us back to price discovery again. The current all time high is 1093 which was achieved all the way back on January 20th for the Trump Inauguration Day. We also have a bear scenario which can play out but I feel very unlikely which is just shy of 69 GS which was the previous cycle. All time high. Bitcoin first achieved that level all the way back on November 10th of 2021. It feels like yesterday feels like deja vu for the bitcoin crew. Just saying. And zooming out from the daily we take a look at the weekly and the weekly says jv it's going up forever. Laura. Yeah, that's right. We have a cup and handle Sexy target on the weekly sitting at 124G's baby. We also have 1, 2, 3, 4, 5 green consecutive candles on the weekly chart. So it's been hella bullish for the past month or so since really we hit Q2 of 2025. Q1 was corrective after achieving the all time high on January 20th, but we're so back looking to recapture again, striking distance away and checking out the monthly. Last month was a bullish monthly close, which is very good. We got the bullish momentum back and this month of May, even though we're only eight days in, has not been disappointing as we're looking to recapture all time here any moment. Missouri Bill Ending Capital Gains Tax heads to the Governor for a signature. Now imagine this happened and it got passed in Missouri. And then like a domino effect, all the other states. Slowly but surely no capital gains tax on bitcoin, no capital gains tax, no capital gains tax, no capital gains tax. I think this would be like every bitcoiner's dream. Correct me if I'm wrong, broskies, but 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 sponsored 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. Reading it here. Missouri House Bill 594, a bill that would eliminate capital gains tax in the U S State. I dig it has passed the vote in the House of Representatives and is now heading to the Missouri Governor Mike Kehoe's desk for a signature. And according to the attorney Aaron Brogan, the bill stipulates a hundred percent income tax deduction for capital gains income. Because the Missouri tax code does not explicitly distinguish between capital gains and income tax. Game on. And here's a copy and a draft of the actual bill. Brogan shared that the specific mechanism to exempt capital gains tax outlined in HB594 is unique and compared it to a similar income tax deduction in the federal tax code. Quoting the attorney the most natural comparison is the state and local tax S A L T deduction that the federal government office offers. Where the irc, I guess Internal Revenue Code permits individuals to deduct a certain amount of tax paid in a state and local taxes. This is the inverse which I have never seen before. The bill's timing is very significant and that it follows proposals from the U S President Trump to overhaul the country's income tax system through comprehensive refund form. Trump has proposed offsetting federal income taxes or eliminating the income tax. Game on. And replacing the federal tax revenue with money raised through import tariffs. Yes, please. And when tariffs cut in, many people's income taxes will be substantially reduced, maybe even completely eliminated. The focus will be on people making less than 200,000 per year, as per the President's own post on Truth Social, which he shared on April 27. Trump added the plan will create more jobs in the US Factories, return to avoid import duties on their finished products. Despite this, the market reaction on the tariffs has been overwhelmingly negative, with the stock market recording trillions of dollars in losses in response to the tariff headlines and crypto market shedding hundreds of billions in value. Up until today we just got a mega, mega surge back in the markets as per what's happening. But nonetheless, there you have it. Do you think that Missouri bill will pass for zero capital gains tax? Yay or nay. And as you know or you may not know here in Puerto Rico, many consider this the crypto mecca the United States because under Act 60, if you qualify zero capital gains tax that includes all passive investments including crypto gains, dividends, etc. Yeah, I mean, so hence a lot of people come here from the United States. Bitcoins are ripping like a new Scotty Pippen. Next story of the day. And again next couple of stories. We'll be discussing more State Adoption Shout out to the Nipinator your former Chairman of the sec. Headline reads Texas House Committee Passes Bitcoin Reserve Bill for the Full Floor to Vote that's right, Texas House Committee passed the Republican back bill to create a Bitcoin reserve, which now only needs a successful full floor vote. Before heading to the governor's desk, the Texas House Committee on Delivery of Government Efficiency passed Senate Bill 21. Tell me that's not the perfect Bitcoin bill. Number with no amendments on May 7th in a 94 vote along part party lines, the bill has already passed the Texas senate in a 25 to 5 vote March 6. 6th SB21 would establish the Texas Strategic Bitty Reserve controlled by the state's Comptroller currently Glenn Hegar, who would be permitted to invest in digital assets that have been obtained with a market cap of at least 500 billion over the last 12 months. And obviously bitcoin is the only crypto that would qualify with its market cap being above 500 billion and currently above really 2 trillion. You can see Pierre Rocher post here. The Texas house committee approved SB21 the next steps, a Texas House vote by all members and the governor's signature. It looks likely Texas will have a strategic Bitcoin reserve. The big open question is how much bitcoin will be acquired. Game on. However, the bill was refiled to include potential inclusion of other digital assets. In February, Bitcoin Laws founder Julian Farrer said that the fate of SB21 should be determined before June 2nd. That's right around the corner when the Texas legislator adjourns. If the bill sees a successful full floor vote, it would head to the governor Greg Abbott's desk. Abbott expressed his desire to make Texas the crypto capital of the U S in November and accepted bitcoin donations as part of his campaign in 2014. Well, if the United States is going to become the crypto capital we need to have, zero capital gains tax for starters. Don't you guys agree? Let me know. But anyways, the Texas vote comes the same day as Arizona Katie Hobbs signed a bill into law that allowed the state to keep unclaimed crypto after she just recently vetoed the original bill and to establish a Bitcoin and Digital Asset Reserve Fund that won't use taxpayer or state funds. The state can also stake abandoned crypto or earn rewards or receive airdrops which can then be deposited into the crypto fund. New Hampshire governor Kelly Ryan Reynolds here from Mint 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 doing. 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 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@mintmobile.com Iote also signed House Bill 302 which was big news yesterday into law which is the first state to adopt bitcoin as a strategic reserve asset. So history has already been made, domino effects fallen the next state, it's just going to be like dominoes in my opinion. So now the state's treasury can use funds to invest in cryptos with a market cap of more than 500 billion aka only Bitcoin. Florida however, unfortunately removed two Bitcoin reserve bills on May 3rd. Not a good look Mr. DeSantis. A day when the lawmakers passed 230 bills ranging from prohibiting putting fluoride in water. That's an important one, I'll give you that. Protecting state parks. Who cares about Disney? It's too woke. And banning smartphone use in schools. I don't know how I feel about that. You guys let me know your thoughts and I'll read your comments out loud and I'll share the latest regarding Arizona governor signing a law for the state to keep unclaimed crypto as another one bites the dust and another one down and another one another one place the dust. Let's discuss the next story regarding Arizona and then we'll discuss the new banking law as well as 500000 prediction from your Holiness the High priest Max Kaiser. And we'll do a little live Q A and we'll flip this mofo into a pump watch and of course premiere some brand new music videos never shared before on the stream. So yeah, next story here reads arizona governor signs law for the state to keep their unclaimed cryptocurrency. That's right. Arizona governor Katie Hobbs signed a bill into law allowing the U S State to keep on claim crypto established the bitcoin reserve fund that won't use any taxpayer money or state funds months Hobbs signed the House Bill 2749 until on May 7th and I'm curious if she did that after the feedback after everyone started bashing her for vetoing the initial bill makes you wonder, but I'm glad she did the right thing. And as of May 7, which is yesterday, it allows Arizona to claim ownership of the abandoned digital assets. If the owner fails to respond to communications within three years, the state custodians can stake the crypto to earn rewards or receive air drops which can be deposited into what Arizona has called a bitcoin and digital asset reserve fund. Quoting them here, Jeff Wenger, the guy here this law ensures Arizona doesn't leave value sitting on the table and puts us in a position to lead the country and how we secure, manage and ultimately benefit from abandoned digital currency. And here's an outline of the bill. Pretty big news. Quoting it again, we have built a structure that protects property rights, respects ownership and gives the state tools to account for a new category of value in the economy. And on May 3, Hobbes vetoed a similar Bitcoin reserve bill, Senate Bill 1025, which would have allowed the state to invest these funds into bitcoin citing concerns over using public funds or untested assets. Meanwhile, Bitcoin Laws founder Julian Farrer said that Hobbs signing the HB 2749 offers more hope that she may also sign The Senate Bill 1373 which is currently sitting on Katie Hobbs is desk. SB 1373 would authorize Arizona's treasurer currently Kimberly Yee to allocate up to 10 of the Arizona budget stabilization fund into the pre low bitty going out forever Laura the bill's passage into Arizona follows New Hampshire Governor Kelly Iote which we previously shared on May 6th signing the massive bill House Bill 302 into law allowing her state's treasury to use funds to invest in cryptos Only bitcoin at this time because it has a market cap of more than 500 billion currently just above 2 trillion. And if you don't know now you know. State adoption is coming nation state adoption is coming. Who's the stacking? Shout out Sweet Bitty McGee. Greatly appreciate the super that helps out a lot especially with the algorithm as well she put we got that bitcoin swag. Much love fam. This gong strikes for you as well as all of you here with your bitcoin swag. Let's get it. Next big story is the U S banks. This is major and then we'll discuss the latest from your holy this Max Kaiser as we continue to pump towards new all time highs US banks can handle customer crypto assets held in custody. It is official. According to the regulators they have officially confirmed the U.S. office of the Comptroller of the Currency has confirmed banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities. The third parties that's right, Acting Comptroller Rodney Hood said in a May 7 letter that the banks and the federal savings associations can buy and sell crypto they hold in custody at customers direction. The OCC added in a press release that the financial institutions can also outsource bank permissible crypto activities, including custody and executive or execution services to third parties in compliance with applicable law quoting them here. Additionally, these banks may provide other custody services so we all know Bitcoin's pristine collateral well. Now the banks have the official nod from the regulators to start holding it. What can we anticipate as a result? At Capella University you can learn at your own pace with our flexpath learning format. Take one or two courses at a time and complete as many as you can in a 12 week billing session. With Flexpath, you can even finish the bachelor's degree you started in 22 months for $20,000. A different future is closer than you think with Capella University. Learn more at capella.edu Fastest 25 of students cost varies by pace, transfer credits and other factors. Fees apply. Bitcoin back loans and many Bitcoin products being introduced to a bank near you bring it the OCC banks may use a sub custodian to provide the same services subject to appropriate third party risk management practices, while a range of crypto and digital asset activities may be performed by banks and their third party. Previously, the OCC eased its stance on how banks can engage with crypto on March 7th by giving the green light for crypto asset custody, some stablecoin activities and participation, and independent node verification networks such as distributed ledgers. Quoting them here, more than 50 million Americans hold some form of cryptocurrency Now. How many Americans are there? I'd say maybe there's 300 million or so. So that's a pretty good substantial amount. The OCC is an independent bureau within the U S Department of treasury which regulates and supervises all banks and also the federal branches of the foreign banks. Catherine Kirkpatrick, boss General counsel at the ZK Roll up developer Starkware, said the letter signals a shift in the OCC's approach which now appears to favor focus on integrating crypto within the banking frameworks. Quoting her here, more guidance will give further clarity and will allow the banks to re enter the crypto without the fear of existential regulatory risk risk. She also added that the OCC's explicit permission today allowing banks to outsource bank permissible crypto assets is a boon to regulated crypto native service providers. You damn right this is a big deal. We've been waiting on this for a while. Chief policy officer at the crypto exchange coinbase shared and applauded the move that regulatory clarity as well as the inheritance of supervisory best practices and the letter of the law. The trump administration has taken a friendlier attitude towards crypto since since coming into power in january. That's right. The entire Trump administration is pro bitcoin. And in April the U. S Fed announced it was withdrawing a guidance that was created to deter the banks from engaging in crypto and stablecoin activities. Meanwhile, u. S. President trump also signed a joint congressional resolution April 11th overturning the Biden administration ever rule that would have required decentralized finance protocols to report transactions to the irs. Test. So ultimately, in a nutshell, the war on crypto is finito. Game on. Now the United States is stacking bitty states are stacking bitty countries around the world. Game theory, stacking the biddy sovereign wealth fund, stacking the biddy pensions funds, retirement funds, corporations, institutions. Anyone looking to 100x the rocket to the moon through the firmament is going to be stacking the bitcoin. I dare say Michael saylor quoting him, he says bitcoin's going to do another thousand x. Who's coming along on the ride? If you're one of them, let me know. And again, welcome everyone joining us. Happy mama's day. Happy mama's day in advance. I believe it's this Sunday, the big day for the ladies. All right, without further ado, here's the latest from your holiness, the one and only Max kaiser. He says bitcoin price will soar to 500000 in a jiffy. And let's break it down. Here's the latest from the high priest himself. That's right. Let's start with his tweets. Nature hates a vacuum and so does money. The vacuum from 98, 000 to 500, 000 is gaining suction like a pneumatic tube. Bitcoin price will whisk away to that price in a jiffy. Can I get an amen? Let me know if you agree disagree with your holiness, Max Kaiser. He also points out something I find fascinating and I always quote this. Everything goes to zero against bitcoin. Here's an example of ethereum. The first time bitcoin hit a hundred thousand ethereum was at 4000. Second time Bitcoin at a hundred thousand Ethereum was 3 900. Third time Bitcoin hit a hundred thousand Ether 3700. Fourth time Bitcoin hit 100,000 ETH was 3400. Fifth time Bitcoin hit a hundred thousand ETH is at 3000. The sixth time Bitcoin hits 100,000 ETH is at that 2700. Let me know if you recognize any type of pattern going on here. And some other recent quotes from Max Kaiser which I'm happy to share with you. There's one here I had loaded up. If he understood bitcoin, he'd understand the futility of this advice. And he's referencing Trump. When he spoke earlier, Trump said, quoting him here, you better go out and buy stocks now. And Max is ultimately saying that that's awful dreaded advice. I mean if you're smart, you just go buy the bitcoin. I couldn't agree more with the high priest right there. Shout out Max. Guys, I had the privilege of hanging out with him earlier in the year in bitcoin country and I'm looking forward to his next event which is the Max and Stacy Invitational which will take place in January of 2026. Tickets are now officially on sale as of May 1st and I will be there. So if you want to meet myself and a lot of other of our fam who are going to be there alongside Max and Stacy and the Bitcoin OGs, I encourage you to cop your ticket as soon as possible. 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 200, 250 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 US and globally source parts. But I digress. Max Kaiser, the former financial journalist and also host of the Kaiser Report, who has been responsible between him and Stacy for orange pilling millions of bitcoiners around the world, Kaiser expects bitcoin to skyrocket roughly 410% that can we get a 420 from the current level. What is more, he expects it to happen quite fast, hence in a jiffy. That's right, Max address the crypto community with a prediction of immense bitcoin price growth that he Expects to take place in the near future. Kaiser believes that money reacts to vacuum in the same way nature does. They both hate it. Nature hates vacuum and so does money. Therefore, the bitcoin OG reckons the pretty, pretty low bitty price will skyrocket it from the 98, 000 target. Which, ironic enough, yesterday Bitcoin was 98, 000 and today we're already approaching 103. So we are heading towards his 500, 000 target in a jiffy. I can't wait. I'm also going to pull up some recent tweets from Max because I love following Max. Make sure you guys are following him on X. There's a photo with him. Stacy, Sailor and bukele. I mean legends. These are the OGs of the OGs, if you know what I'm saying. So, yeah, let's check out some recent tweets from the Max. Max Kaiser, stop begging. Makes you look cheap. Referring to treasury secretary Scott besson who wrote for stable coins and other digital assets to thrive globally, the world needs American leadership. The senate missed an opportunity to provide the leadership today by failing to advance the genius act. This bill represents a once in a generation opportunity to expand dollar dominance in the u. S. Influence in financial innovation. Without it, stable coins will be subject to a patchwork of state regulations instead of a streamlined federal framework that is more conducive to growth, growth and competitiveness. The world is watching. While american lawmakers twiddle their thumbs. Twiddle me this, twiddle me that. Senators who voted to stonewall the u. S. Ingenuity, ingenuity, ingenuity. Today face a simpler choice. Either set up or lead or watch the digital asset innovation move offshore. And again, Max Kaiser ultimately said, stop begging it, making you look cheap to Scott. And you gotta respect max. You know, I mean, mad respect. And as shared here, the bitcoin magazine team accomplished the impossible. Ross was pulled from the deepest pit of hell and resurrected by the supreme act of the bitcoin love. That's right, the man, Ross Albrecht. The myth, the legend. He was serving two life sentences for ultimately founding silk road, which was the first decentralized marketplace. And he was targeted via lawfare. And guess what? He got pardoned by Trump. Trump stood to his word. He said he would pardon Ross and guess what? As of today, Ross is a free man. That's right. He got, I think freed or pardoned the day after the Trump inauguration. So mad respect to Trump for following through on his word. And for those of you who are going to be in Vegas. This is going to be Ross Albrecht, the the man, the myth, the legend. His first appearance speaking since the unlawful arrest and serving like 11 years in prison. Which is mind boggling to say the least. Especially considering earlier I mentioned Alex Mashinsky, the founder of Celsius just got a 12 year prison sentence and he was a real fraudster. $6 billion fraud, Celsius, a big Ponzi scheme. And so Ross had a way worse sentence. And Ross didn't really even do nothing to begin with. They just try to make an example out of them. It just goes to show you the way the world is. It's sickening. But anyways, shout out Max. Make sure you're following him on X. Max, Stacy, Herbert, shout out Bukele and the rest of the Bitty Fam as we continue to pump, pump, pump, pump it up. 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.
Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1986: “Bitcoin Price Will Soar to $500,000 Per Coin in a Jiffy” - Max Keiser
Release Date: May 9, 2025
Host: Justin Verrengia
In Episode 1986 of Crypto News Alerts, host Justin Verrengia celebrates Bitcoin's resurgence by highlighting its recent milestone of surpassing the $100,000 mark for the first time since January. The episode delves into significant legislative developments across various U.S. states, the evolving role of traditional banks in cryptocurrency custody, and a bold prediction from cryptocurrency advocate Max Keiser, who forecasts Bitcoin soaring to $500,000 per coin imminently.
Justin kicks off the episode with a comprehensive overview of the current cryptocurrency market. Highlighting Bitcoin's impressive 5.4% daily increase, he notes, “Bitcoin up over $5,200 on the day” [00:00]. Ethereum is performing robustly, up 18% and crossing the $21,000 threshold, while XRP sees a 7% gain. The overall market capitalization stands at $3.17 trillion, marking a 7% rise with Bitcoin's dominance now at a remarkable 63.6% [05:30].
Notable Quote:
"The entire market lit like a Christmas tree. Game on." – Justin Verrengia [05:25]
The Crypto Greed and Fear index is at 65, indicating extreme greed, a sentiment amplified by the recent surge in Bitcoin's dominance. Trading volumes have surged to $138 billion in the past 24 hours, reflecting renewed investor confidence.
One of the episode's focal points is Missouri's House Bill 594, which proposes the elimination of capital gains tax within the state. This legislative move is poised to significantly benefit cryptocurrency investors by allowing a 100% income tax deduction for capital gains.
Key Details:
Notable Quote:
"If this bill passes, it could be every Bitcoiner's dream—no capital gains tax on Bitcoin." – Justin Verrengia [16:45]
Texas is making headlines with its House Committee's approval of Senate Bill 21, aimed at establishing a Texas Strategic Bitcoin Reserve. The bill has already secured a 25-5 vote in the Texas Senate and awaits full House approval and the governor's signature.
Key Details:
Notable Quote:
"If Texas adopts this bill, it's a monumental step toward making it the crypto capital of the United States." – Justin Verrengia [23:50]
Arizona has joined the wave of state-level crypto adoption by signing House Bill 2749, allowing the state to retain ownership of abandoned cryptocurrencies after a three-year dormancy period. These assets can be staked or used to earn rewards, contributing to the state's Bitcoin and Digital Asset Reserve Fund.
Key Details:
Notable Quote:
"This law ensures Arizona doesn't leave value sitting on the table and positions us to lead in digital asset management." – Jeff Wenger [28:05]
A groundbreaking development in traditional finance saw the U.S. Office of the Comptroller of the Currency (OCC) affirm that banks can now handle customer-held crypto assets in custody. This regulatory shift marks a significant step toward mainstream integration of cryptocurrencies.
Key Details:
Notable Quote:
"This is a big deal we've been waiting on. The war on crypto is finito." – Justin Verrengia [36:45]
The episode reaches its crescendo with Max Keiser's audacious prediction that Bitcoin's price will skyrocket to $500,000 in the near future. Drawing on historical patterns and current market dynamics, Keiser outlines the factors driving this bullish forecast.
Key Details:
Notable Quotes:
“Bitcoin price will whisk away to $500,000 in a jiffy.” – Max Keiser [43:20]
“Everything goes to zero against Bitcoin.” – Max Keiser [44:35]
Keiser emphasizes the strength of Bitcoin as a long-term store of value, comparable to gold, and cites recent institutional inflows and favorable macroeconomic indicators as catalysts for the anticipated surge.
Episode 1986 of Crypto News Alerts provides a thorough and optimistic outlook on the state of Bitcoin and the broader cryptocurrency market. From significant legislative victories in Missouri, Texas, and Arizona to the integration of crypto services in traditional banking, the episode underscores a critical shift toward mainstream acceptance and institutional support for digital assets. Max Keiser's bold prediction serves as a rallying point for enthusiasts, encapsulating the episode's overall bullish sentiment. As regulatory landscapes evolve and market dominance continues to favor Bitcoin, listeners are encouraged to stay informed and engaged in the rapidly changing crypto ecosystem.
Note: This summary omits advertisement segments and non-content sections, focusing solely on the substantive discussions within the episode.