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1989: Twitter Founder Reveals Catalyst Which Will Send Bitcoin to $1,000,000
00:41:38
Here’s when Bitcoin price will skyrocket to $1 million, according to Twitter founder and Block CEO Jack Dorsey.
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JV
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@capella.edu. fastest 25% of students cost varies by pace, Transfer credits and other Factors. Fees apply. McCripy strips are now at McDonald's. I hope you're ready for the most dippable chicken in McDonald's history. Dip it in all the sauces. Dip it in that hot sauce in your bag. Dip it in your McFlurry. Your dip is your business. McCrispy strips at McDonald's Happy Sunday fun day. Welcome everyone to no. 1 Daily Bitcoin Pod. In today's show, I'll be sharing the latest technical analysis as bitcoin continues its bullish momentum, about to recapture price discovery which is 1093 in play. Let's get it. Also in today's show, besides the latest bitcoin technical analysis, breaking news. Michael Sailor just posted the infamous Sailor Bitcoin tracker again, which typically implies tomorrow will be another major acquisition announcement from the Gigachad. We'll also be discussing the bitcoin price action over the course of the past 16 years, on every Mother's Day since the Genesis block as well as breaking news, Conor McGregor touts Irish Bitcoin reserve and presidential bid. That's right. And Max invited of course Connor to link up with the President of El Salvador Bukele to discuss adopting an Ireland strategic Bitcoin reserve. Let's freaking go. As the game theory continues all around the world. We'll also be discussing Michael Sailors, the 21st century's Warren Buffett according to your holiness the High Priest himself, Max Kaiser. And also El Salvador continues stacking seven bitcoin in the last week. This fight, the IMF deal. Also we will be discussing sovereigns are buying billions of dollars worth of the biddy according to Anthony Scaramucci. We'll also be discussing Jack Dorsey, the Twitter founder warning to investors and he explains why bitcoin is likely to hit a million dollars per coin. We'll be breaking all this down for you. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full Premium experience with video. Visit my YouTube channel at cryptonewsalerts.net again that's crypto news alerts.net today is pod episode number 1989. I'm your host JV. Happy Mother's Day May 11, 2025. Let's kick off the stream with our market watch as we do each and every day. Pulling up coin360 you should be able to see here shortly. We got bitcoin still green which is nice considering it's the weekend. Just maintaining over the weekend is a good sign I think when the legacy markets open tomorrow or potentially even this evening when the Asian markets open. I think next leg up in play. New all time highs, mark my words. And Nipinator indicator in full effect. We also have ether trading above 2500. Ether hasn't seen such bullish price action in 32 years. I may be exaggerating just a little XRP correcting, but the majority of the cryptos currently pumping and in the Green. Checking out CoinMarketCap.com the current crypto market cap sits at $3.33 trillion. The Bitcoin market cap almost 2.1 trillion. Back on the rise. We love to see that. We have 138 billion worth of volume for the past 24 hours up virtually 16% on the day as the bitcoin dominance leveled out at 62.2% with ether dominance back on the rise at 9.1%. And checking out top 100 crypto gainers past 24 hours. We got the PI network up 47%. We got worldcoin up 9% in casa up 8%. Which al any are you bullish on for this particular bull? Holla. And checking out the crypto bubbles we get a visual perspective on the day. Yesterday it was like 97% of the market in the green. Today not so great. I'd say pretty divided, maybe 60, 40 right over green. Zooming out on the weekly this is pretty bullish. I'd say 97% of the market in the green. And zooming out on the monthly overall extremely bullish. 97% of the market in the green. Impressive gainers across the board like Whiff is up 100%, virtual 260, arrow 63%. Pretty impressive. And checking out the crypto Green Fear index today we're 70 yesterday 70 last week at 64 and last month 25 in extreme fear. And checking out the infamous time train calendar. As of today we're on block number 896,275. We have 153, 725 blocks into the having of 2028 and you can currently exchange one fiat monopoly dollar for 963 sats. So as I say, each and every day, pick up some stats, put down the gas and pick up some Bitcoin caps from my man sergio over@bitcoincaps.net cop yourself a custom Biddy exclusive. Let's kick it next with our Astrology for the baddies, AKA Astrology for the broskis. And we'll also be pulling up some of the live charts, especially after the infamous freeze frame. So here we go. But also actually, should we do the historic price action on Mother's Day first as a bonus? I think so. Happy Mother's Day again. And also Michael Saylor just posted the Sailor Bitcoin Tracker. He does this religiously the day before the big announcement. So expect another massive acquisition coming from Strategy B and Mikey Saylor. But here's the historic price action of the Bitcoin price on Mother's Day. Let's start with the year 2009 since the inception of Bitcoin. 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 and what GMC has done for over a hundred. We are professional grade. Visit gmc.com to learn more. Assembled in Flint, Hamtranic, Michigan and Fort Wayne, Indiana of US and globally Source Parts it was worth zero the following year on Mother's Day Bitcoin was worth zero in 2011. It was 8 bucks in 20125 bucks 20131152014 $444 virtually a 4x 2015 $237. 2016 which is the year the second having 456 bucks. And then we saw a parabolic run up the following year. It hit 1700 on Mother's Day and in fact it closed the year at roughly 20 000. How many of you were around then let me know. And then we hit 8500 in 2018 Mother's Day 800020199500 in 2020 the following having the year preceding the having typically the most bullish year of the four year cycle virtually 50,000 on Mother's Day then 2022-290002-02326 G's baby 2024 last year year of the having on Mother's Day 60,800 the year preceding the having right now virtually double from last year's Mother's Day price currently sitting above 104 looking to recapture 105. And if you don't know now you know now for some TA according to the analysts. And like I said I'll be pulling up some of the live charts right after trading View showed weekend upside volatility delivering new multi month highs near 105. Lack of liquidity during the out of the hours trading contributed to the move which one more came on the back of the positive rumors over the US China trade deal. Quoting SKU Analytics Bitcoin almost tagging 105. It was literally 104998 on Coinbase so it's safe to say we freaking tag 105 markets will want to see fruition of Trump's comments regarding the path towards with the trade between the US and China. Shipping data does already suggest the insiders know hence the container volume has briefly picked that again. REC Capital confirmed that Bitcoin could even kickstart a return to the all time high common sense or a half a God candle away, wouldn't you say quitting them here. Can bitcoin do it? Can bitcoin weekly close above the range highs of its recently reclaimed reaccumulation range to kickstart the breakout of the process? Well absolutely freaking lutely a bitcoin is on the cusp of beginning the price discovery uptrend two next leg up baby baby. And as outlined here from REC Capital, Bitcoin bull market progress 85.5% progress will speed up on the parabolic advances. We're going up forever, Laura. And a look at the latest exchange order book data from Coin Glass showed a large cloud of the ass clustered around the area immediately below 106. Bids were laddered down to 102 creating the thickening band of the liquidity around the spot price into the weekly close. And if you don't know now you know. But yeah. Next want to pull up some of the live charts? Let's do that real quick again. Welcome everyone joining the live stream. Happy Mother's Day. This is your special day ladies to celebrate. But check this out, will you? We're going to look at some of the live charts. As you know, all the charts are looking bullish here. We're looking at the one hour via trading view via Coinbase, the largest crypto exchange here in the United States of America. Bullish pennant formations, sensation green target bull scenario in play. I repeat in play 109 which will take us right back to Price Discovery. That's when things get exciting. Let me know when you feel we'll likely break out into Price Discovery reclaiming the previous all time high which was achieved all the way back on January 20th, Inauguration Day for the Trumpster. And zooming out from there. We'll take a look at a four hour and we'll go from there. Maybe we'll get a Nipinator indicator. There's just no telling when church is in session on a Sunday. Preaching the holy gospel of Satosh here on the four hour chart. Note particular targets but bullish momentum overall you can see like the stairway case climb. It's been a very bullish week for the past seven days. In fact the past five weeks have been extremely bullish and we're about to get a weekly bullish candle close here shortly during today's live stream and hopefully we do a next leg up which is my personal instinct. But you guys let me know your thoughts. Look at the daily chart. We do have some big green candles being printed. You can see 3 days ago big bullish run up corrective itty bitty red followed by the green bullish momentum continuation on yesterday satstack and Saturday Sunday. Thus far itty bitty corrective but we're still maintaining above 1043 at the time of the live stream. Bull scenario formation sensation on the daily chart sitting at 111.000which would obviously catapult the biddy price to a new all time high. Bear scenario 69 we don't even entertain the bears. They don't deserve our attention especially during the bull run. And examining the one week again we're about to get a weekly close Big green candle formation sensation five weekly consecutive green candle closes and if we can close above 105 that'd be the icing on the cake as the bullish momentum continues into the new week as we continue to expand the price action here in Q2 cup and handle target in play. We've seen this on the weekly chart for several months now. So 124 out here there's no one way of doing things, no unwritten rules and no shortage of adventure. Because out here the only requirement is having fun. Bank of America invites kids 6 to 18 to golf with us for a limited time. Sign them up for a free one year membership giving them access to discounted tetons at thousands of courses. Learn more@bankofamerica.com Golf with us. What would you like the Power to do bank of America restrictions apply. CB of A.com Golf with US for complete details Copyright 2025 bank of America Corporation in my humble opinion, I think the next leg up once we break the current all time high at 109 is going to be somewhere in the 120130 range. Let me know if you agree. Disagree Holla your boy. And zooming out from there we take a look at the monthly we're now 11 days into the month and we all know 11 is a divine omen. Hence why JV only rocks the 11 jerseys and you can already see the pumpage 1044 Port Bavor monthly bullish only 11 days in last month bullish Q2 game on new all time highs in play 2024 Dragons we don't slay dragons. We are dragons that slay. But anyways, let's break down this big news. I'm pretty excited to share it with you. First we'll start with the headline from this article. Then I'm going to share a bunch of tweets and then we'll continue with a story X UFC champ. No double champ. Get it straight. Coin telegraph unacceptable. Conor McGregor touts Irish Bitcoin Reserve and the Presidential bill. That's right. Or I should say bid. So you can see right here it all started. The President says come to El Salvador and we'll show you how it's done. And McGregor responded to Max, we need the greatest minds for the Bitcoin reserve. Message me and let's chat on spaces X spaces. And then Connor wrote to Max Max and N send me a message and let's organize a meeting. Game on. And let me show you some other recent tweets. Max reiterates Bitcoin only crypto or blockchain can get you a ticket to SEOt and get you arrested. That's right. If you don't know, in bitcoin country it's illegal to slang the coins. The only ones that are legal are bitcoin, which is a legal tender as well as registered security by the name of Tether usdt. Everything else is considered illegal and unlawful. So you don't want to get caught pumping the coins over there. So yeah, he also shares here. Max yes, the Nation State Sailor play can be rolled out in Ireland. This would be topic number one at the Bitcoin Nation State Summit between President Bukele and Conor McGregor. And for those that don't know, Connor's been talking about running for President and I think this is the ace up his sleeve because he's going to get so much popularity. Not that he needs more popularity, but he's going to get the full support from the entire bitcoin community, just like Trump got and the rest of those, you know, people supporting and backing bitcoin, Piranha wrote here. Conor McGregor isn't just visiting Buell, he's potentially opening Ireland as a bitcoin vault nation. What El Salvador did with the volcanoes, Ireland could do with the neutrality tax sheltering and legacy destroying charm. Thus distributed my Sunday Sun Tanning why Ireland might become the first bitcoin vault state for Europe and why this meeting matters more than it looks what Conor McGregor's fame unlocks that institutions never could a cultural on ramp to Bitcoin's sovereignty. Could this be Bitcoin's version of Bretton woods with Guinness and goat soup instead of suits and cigars? Bring on the peasants what y' all wish you tweeted before the photo McGregor and Bukele goes viral. This isn't about a fighter visiting a president. It's about an empire. Empire collapsing and two rebels sketching a new one with Uncle Max keeping them both calm. If you don't see the strategic chest here, the potential, you'll only see the memes. And by the time the newspaper catches up too late. Bookmark this because in six months when Ireland becomes a European El Salvador, you'll want receipts. Very powerful post that also got reposted by Max Kaiser. And I've been loving the memes. Shout out Brandon, keep them coming. But without further ado, let's read a little more into the particular story referenced here. Check it UFC fighter turned Irish political candidate McGregor has endorsed the idea building the bitty reserve in Ireland to give more power back to the people, he wrote here. Crypto in its origin was founded to give the power back to the people, and Irish Bitcoin strategic reserve will give the power to the people's money. That's right. That was the initial tweet in which he shared on X as outlined right here. Former UFC champ Double Championship said he would discuss his plans in more detail in the upcoming X spaces, prompting responses for some of the bitcoin industry's most prominent leaders, including Pump Leano. Again, Max Kaiser, you know, David Bailey, all the goats, and I wouldn't be surprised if Michael Sailor hops out on there quitting Pump Leano. We need the greatest minds for the bitcoin reserve. Message me and let's chat on my space, McGregor said in a response to the Bitcoiners. I host the P podcast and one of Trump's crypto advisors, David Bailey, CEO of Bitcoin Magazine, also reached out, to which McGregor responded. David messaged me. Let's discuss your ideas. McGregor announced his independent candidacy for the Irish presidency late March 2025, centering his campaign on anti immigration policies and combating crime. Ireland's next presidential election must take place by November 11th. That's a divine number. 11. 11. Whoa. As the term of the current president, Michael D. Higgins, is set to end the day after. So let's get McGregor in power. Let's establish the island strategic reserve for the bitty. And establishing the bitcoin reserve, let alone one coming from a minor independent party, would not be an easy feat. 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. Despite recent regulatory progress, the U. S. El Salvador and Bhutan are amongst the few countries that have already established a bitcoin reserve to date. That's right. Bukele got the first movers advantage and Bhutan is one as well. I think they even have more bitcoin than El Salvador. McGregor's political visibility was recently boosted by a trip to the white House where he met with Trump and received his support. And naturally Trump is very bullish on bitcoin. Yeah, I mean birds of a feather flock together, a wise man once said. McGregor is facing intense scrutiny in Ireland, having recently been found guilty of sexual assault in a civil case, a conviction which he has since appealed while also previously being investigated for hate speech crimes. McGregor's push for Bitcoin reserve comes a little over a month after the McGregor back real project failed to attract sufficient funding and its token launch pre sale. But I got to respect the fact they didn't like continue with the project once it didn't get good feedback from the community. I think people are fed up and sick and tired of the meme coin. So if I can give any advice to Conor McGregor, stick to Bitcoin only and we will love you, we will support you and we got your back. If you start you, I mean, shilling coins, you're going to lose all respect from great leaders and us all around the world, really. And we're not going to support you and your efforts and Obviously you tried the shitcoin route, didn't fare so well and I think the people have spoken. But there you have it. Yo ladies and gentlemen, this is real and strategic bitcoin reserve. Doesn't get no realer than that. So anyways, let me know your thoughts with McGregor. Do you think he will become president of Ireland? Do you think he could be the missing piece, the missing link to establishing the strategic bitcoin reserve as the new president takes place on 11 11. Next story of the day. Let's discuss the latest from Mikey Sailor. That's right. Well regarding Max Kaiser calling sailor the 21st century Warren Buffett. That's right. So here we have it. Warren Buffett made the ultimate case for bitcoin as the American investor considers stepping down as CEO of Berkshire Hathaway. Well, I know his partner in crime already ascended to a different realm. I won't disclose which realm Munger's currently residing in. But I digress. Pending board approval, Buffett would step aside at the end of the year given away for Greg Abel, vice chair of the non insurance operations to become the Berkshire new chief. And speaking of chiefs, shout out to the nipinator. This revelation came as Berkshire Hathaway's annual shareholder meeting on May 3, where Buffett also considered a stark warning about the long term value of the US dollar. That's right, everyone's done already lost faith. And USD. He noted that every system eventually debases its currency. Pretty low money Printer. Go. And according to the Buffet government decisions make paper money lose value over time. Tell us something we didn't know, Captain Obvious. Quoting him here. In the end, if you get people to control the currency, you can issue the paper money and you will. Well, precisely and without naming alternatives such as Bitcoin. The 93 year old. I wonder what kind of diet this man is on. Investor caution against holding assets denominated in the currency he said was systematically devalued by government policy. So he's low key saying stack the biddy without having to say it. Quoting him here. The natural course of the government is to make the currency worth less over time. Some places the value at breathtaking rates. It's not evil, it's just their job. I dare say it's an evil job. Correct me if I'm wrong. Broskis, the investing icon said that his late partner, Mr. Charlie Munger, who hated bitcoin by the way, had to choose a second area besides stocks. He would have gone into the foreign exchange. These remarks suggest an openness to the non traditional assets Bitcoin advocate and broadcaster, your holiness Max Kaiser responded to the remarks and here's what he had to say. Executive chairman and co founder of MicroStrategy, now known as Strategy B. Mikey Sailor is the Warren Buffett of the 21st century. He saw what Buffett described and built his strategy around it. Can I get a name in? Kaiser also long criticized fiat currency. He has been for a very long time. Of course. We've been documenting it every day. The bitcoin pioneer contrasted Sailors bitcoin focused investment approach with what he described as Buffett's reliance on traditional finance, better known as tradfi. Quoting Max again. Warren Buffett built his empire on printing the money. Most of his holdings over the years has been in the banks, insurance companies and financial services. Precisely. Buffett benefited from having political leverage in Washington, particularly during the 2008 financial financial crisis. During the time Kaiser said his Buffet investments in Wall street institutions align with the government le rescue efforts. And during the market downturn Berkshire Hathway invested heavily in companies like Goldman sachs. That's where Mr. Gensler was lurking from. And bank of America which earned him praise and a stabilizing force. Mikey Sailor meanwhile had been taken dramatically different approach under the leadership. This episode is brought to you by State Farm. Knowing you could be saving money for the things you really want is a great feeling. Talk to a State Farm agent today to learn how you can choose to bundle and save with a personal price plan. Like a good neighbor, State Farm is there. Prices are based on rating plans that vary by state. Coverage options are selected by the customer. Availability, amount of discounts and savings and eligibility vary by state of now strategy. He began acquiring The Bitcoin in 2020 first publicly traded company to put the biddy on the balance sheet and they now have over 5, 155000 of the Prelo Biddy. And he ain't done stacking. He's eventually gonna have millions. As he continues racing for the bitcoin alongside the Black Rock which currently has over 600000 of the Biddy collectively has over 1.1 million. Two people collectively two companies have more bitcoin than Satoshi's wallets. You can't make this ish up. But anyways Warren Buffett talks about the virtues of bitcoin without mentioning the bitcoin precisely. Can you read between the lines? El Salvador stacking seven bitcoin just in the last week despite the IMF deal. And of course we get the proof of reserves which is always published publicly. So here we go. The government of El Salvador continues stacking bitcoin for his national crypto reserve despite the ongoing deal with the IMF stipulating that the Central American country stopped using public funds to purchase Bitcoin as one of the conditions for the loan agreement. That's right. According to data from El Salvador's bitcoin office, the country acquired an additional 7 BTC in the last seven days as an average of one per day, bringing the total holdings to 6,173 valid at over $637 million. El Salvador's Bitcoin office has continued a steady pace of the Bitcoin acquisition months after the IMF agreement was signed, showing, excuse me, no signs of halting as bitcoin purchases. Despite taking a 1.4 billion. The central American country is one of the only nations activ purchasing bitcoin in the open market operations. And its national bitcoin treasury strategy will serve as the blueprint for other countries such as Ireland, such as any other country that wants to adopt the bitcoin standard. Let's get it. Also considering the bitcoin strategic reserves, according to the crypto industry executives and you can see right here, proof of reserves, 637 million. Stacy Herbert did a post the other day shout out Stacy, head of the bitcoin office in El Salvador. She believes that the bitcoin price or at least their holdings could be over a billion dollars by the time of the event end of the month in Vegas. As you know, the big conference and my understanding is obviously all the big wigs are going to be there. The Trump family is going to be there. Chandy 10 is going to be there. Oracle is going to be there. Mikey Sailor is going to be there. Bukele I would assume is going to be there. Max Kaiser is going to be there. McGregor most likely is going to be there. Meeting with some of these, you know, OG's and discussing Ireland. So you already know game on. El Salvador signed a 1.4 billion loan agreement with the IMF in December. That was last year. As part of the agreement, the government of the country agreed to rescind its Bitcoin legal tender law and make the bitcoin payments voluntary. Well, it, it was kind of always voluntary to begin with. The agreement also stipulated that the El Salvador must scale back the bitcoin accumulation. But guess what, they have not slowed down. In fact, they've only increased the accumulation. So my understanding is it was like a chess play. Bukele is like, oh, you want to give me 1.4 million. Sure. I'm just going to continue to buy bitcoin with it, deal with it. But what they are going to wind down from my understanding, from the people I know in the country, Shivo Wallet, my understanding it was like a private company that created it and not everyone likes it. So they'll probably wind that down and it doesn't matter because you have your ability to use any bitcoin Lightning network wallet that you choose. But one of the benefits of the Shivo Wallet, and I know from firsthand experience because I went to El Salvador earlier in the year and I will be back there for the next conference with Max and Stacy in January. The Max Stacy Invitational is there are no fees. The government eats whatever the Lightning fee is when you exchange money using the Shivo Wallet. So I know some OGs out there that like transact large amounts and there's like it's great. There's actually no charge whatsoever. Not that it's a large charge to begin with because when you use the Lightning Network, like for example When I made a 10 purchase when I had Papusas, it was a 2 cent fee using Lightning Network and I used my app and I sent it to a business owner who it was his Pupusa store restaurant and he had the Shivo Wallet and it worked pretty instantly and bada boom, bada bing. I even documented it which was awesome. And I posted the video using the stats to pay for the pupusas via on my ax. Let me know if you saw that. So yeah. In January of 2025, lawmakers of Central America country repealed the bitcoin legal tender law 55 to 2 congressional vote. Although this not did did nothing to slow down the acquisitions. Like I said, when you see news coming from the IMF, it's 100 FUD. 100 of the time the IMF issued another request of the country to halt the bitcoin buys. But like I said, they're continuing to buy. Quoting Bukele here from an expost. No, it is not stopping. If it didn't stop when the world ostracized us and most bitcoiners abandoned us, it won't stop now and it won't stop in the future. Can't stop, won't stop. No diddy. But yeah. Here's the latest from the Mooch Scaramuche Scaramucci member week is here at Lowe's. Don't miss your chance to get up to 40% off hundreds of items like paint, outdoor and home essentials and more. Shop our exclusive deals happening in store and online now through May 14th. Not a rewards member. Join for free today and get ready to save more Lowe's we help you save Loyalty program Subject to terms and conditions details@lowe's.com terms subject to change Whose new little book of Bitcoin chronicles Did someone say Chronic Brink facts, his own conversion from skeptic to evangelist said overseas officials are quietly adding the digital asset even before the United States clarifies the stablecoin legislation, bank custody and guidance in the broader tokenization rules. And when asked if sovereigns, referring to sovereign wealth funds are buying Bitcoin secretly, Scaramucci said, I think they're buying it. I think they are buying it on the margin, adding that regulatory green lights will unleash a massive wave of capital inflow. Quoting them again, I don't think it is going to be a gigantic ground swell of buying until we green light legislation in the United States. This in Scaramucci's view, will make people worth 10, 20, 30 trillion dollars. Buying a half a billion dollars of Bitcoin Buying a billion dollars a bitcoin. And as he shared here on X, he confirmed that all the sovereigns are buying billions worth of bitscoin. Game on. The former White House communication director framed today's discrete allocations as a rational response to an increasing erratic policy environment. With tariffs ricocheting across the global supply chains and the dollar's prime primacy controlling the global economy, he argued officials outside the US Are searching for insurance against what we call executive policy behavior. That's right, Bitcoin's an insurance policy against all the corruption from the lizard folk. We may need to be decoupled from one sovereign currency, he said, predicting gold's record highs recently hit 3,500. Peter Shift doing the backflip Bitcoin's resilience during the year stock market slump stems from the same instinct for the self protection. He stopped short of predicting that Bitcoin will replace the dollar. But he insisted that the sovereign accumulation is the precondition for the eventual seven figure price tag. Quoting them here if you want to see a million dollar Bitcoin, that's when somebody at a sovereign says okay, this is part of the infrastructure of the world's financial services architecture. In that scenario, he expects official Portfolios to target 1 to 3% allocation into Bitcoin enough in his view to lift Bitcoin's market cap towards gold's 20 to 30 trillion domain. That's right now. For now, the digital asset thesis appears to be holding while global equity indices have fallen 5 to 8% since the largest tariff salvos. Scaramucci noted bitcoin is roughly where it was at at the beginning of the year. Thursday's breakout above a hundred thousand underscores that relative strength. Meanwhile, Skybridge Capital, which is its company itself itself, has ridden the wave. The mooch reminded listeners that he began buying bitcoin at around 20,000. Nice. I got to front run that mofo. I love it. Calling the position quite beneficial to our performance. Independent fun database figures show the 1.7 billion vehicle returned 43% in 2024, outpacing its hedge fund benchmark by more than 4 to 1. Results Scaramuchi attributes chiefly to the bitcoin stake. This is the best idea I've had seen in my career. I knew the risk of not jumping in were greater than playing it safe. And if you don't know, now you know. And so he's projecting a million per coin. All right, fam. Now for our feature story of the day. Twitter's founder, the infamous Jack Dorsey, warns investors that bitcoin could be on its way to hitting a million dollars. That's right. We're talking 1 million per coin. So let's break down the latest from the man with the pie, May beer. Silicon Valley circles have long viewed Dorsey as the next Steve Jobs. Some people genuinely believe it's satoshi Nakamoto. Let me know if you ever heard that theory, because his tech powers are in the same league. Twitter has changed the world. And Dorsey square payments company Cash app was a very early corporate innovator in bitcoin. And you always know he always walks around with the infamous satoshi sure dunny. Way back in 2019, the Cash App started offering bitcoin customers services that account holders could buy with their credit card. Let me know how many of you have ever purchased the preload bitty using the cash app. And you got to thank Jack Dorsey for that. Overnight, as users began doing a smaller scale, Precisely what made micro strategy, now known as strategy b, a Wall street sensation. More lately. Today, square is named block. They did the rebrand it shares plunged 20. To start off the new month of May, Dorsey warned investors of turbulent times ahead for the u. S. Consumer strength. Ironically, while that's not good news for block's business model, it could be the catalyst that drives the bitcoin price, the 1 million per coin. So let's entertain it, shall we? After block's earning report, the CEO, one of the largest payment processing apps in the world, said consumer spending has shifted dramatically. Quoting them here this coincided with the inflows coming in below our expectations during the quarter. Non discretionary cash app card spend in areas like grocery and gas was more resilient, which while we saw a more pronounced impact on discretionary spending in areas like travel and media, we believe this consumer softness was a key driver to our forecast. Ms. I dare say the consumer softness is because they're trying to turn the world gay. We've had enough of the clown world. All I'm saying the cutbacks aren't Spending drove lower sales in Q1, which saw the US economy shrink for the first quarter in three years. And if it happens for a second quarter in a row, it meets the most commonly used definition of a recession by former economists. Let me know if you feel the USA is likely trending into a recession as a result, the central banks is apt to cut the interest rates to get the business going again. A CNBC survey recently revealed rate cuts likely this year due to the wobbling economy. Why so wobbly? It's not like we're spinning on an axis or anything. Just saying. That could be what launches the Bitcoin price of the million level according to Jack Dorsey. I mean, what does Jack know? He only started embracing Bitcoin at around the time Satoshi introduced it. But I digress. When the fed cut rates in 2007 and 08 bitcoin started operating for the first time. During the ensuing multi year low interest late regime, the biddy price soared from a thousandth of a penny to 20,000. So keep that in mind. Bitcoin went from a thousandth of a penny in 2009 to 20,000 per coin in 2017. So that's what? Literally nine years? Eight years? Crazy. And by then the Fed had raised rates again and the bitcoin price had crashed. It began to recover after the Fed slashed rates again in 2020 and then swore to a new record high of 69, 000. Seemed like yesterday November of 2021. And ironic that's around when Ethereum hits the current all time high of 4,500 and ether has since to recover from the previous all time high. The landscape seems rather similar now, wouldn't you say? But a bitty price is actually well above 100 even after the Fed's third consecutive refusal to lower the rates and the landscape has changed drastically. And then there was a previous headline literally one year ago. Here's when Bitcoin price will skyrocket to a million per coin according to Jack Dorsey. So yeah, Dorsey told Salana that he believes the crypto can sort of at least a million by 2030. So that's the particular date stating there's a high probability if it hits that number, it goes above and beyond. But also keep in mind, we had a much different bitcoin landscape geopolitically. We didn't have nations like the United States already signed executive order from Trump. We didn't have the strategic bitcoin reserve. There's been so much more institutional bull bullishness since he initially made the first million dollar prediction. So just keep that in mind. That likely tells me we're most likely to hit a million dollars a lot sooner than 2030. But you guys let me know your thoughts and I'll read your comments out loud. And welcome everyone to the Q and A segment of the Live stream. We have 1888 live viewers collectively. We're still streaming live on X rumble and YouTube. Happy Mother's Day. And if you're a mother and I haven't wished you a personal Happy Mother's Day, put a one in the and I'm happy to do so. And don't forget to check out cryptonews alerts.net for the full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.