Max Keiser and Conor McGregor urge Ireland to create a Bitcoin strategic reserve, mirroring El Salvador's successful adoption of Bitcoin.
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JV
Welcome bitcoin fam to no. 1 daily bitcoin pod in today's show, I'll be sharing the latest bitcoin technical analysis as well as the latest breaking news, including Trump link Miner American Bitcoin is going public with a big merger. That's right. Also breaking news, David Bailey, the CEO of Bitcoin Magazine and his holding company Nakamoto raises 710 million and announces a merger. What kindly MD to establish a bitcoin treasury. Let's go. Also, Michael Sailor Strategy just added an additional 13,390 Bitcoin for 1.34 billion as Bitcoin price topped 100K. Also, Meta Planet now officially holds more bitcoin than El Salvador as they just stacked some more bitcoin themselves. We'll also be discussing breaking news. Conor McGregor backs an Irish bitcoin reserve saying it puts the power in the hands of the people. And another headline. Conor McGregor and Max Kaiser push for the Irish Bitcoin reserve. I'll be sharing all the updates. We'll also be taking a look 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 number 1990. That's right. We're the number one day of the Bitcoin pod 1990 episodes. Deep. Deep. And in 10 more shows we'll be celebrating episode 2000. I'm your host, JV. It's May 12, 2025. Nothing but pure bullishness. In the markets right now. So let's get off with our market watch as we do each and every day. Pretty little bitty maintaining above 103 at the time of the live stream. XRP made a next leg up, currently trading at 2.61. While Ethereum, BNB and many of the top alts are pumping and in the green and checking out the coin market cap dot com. The current crypto market cap is currently sitting at a whopping $3.33 trillion. The Bitcoin market cap sitting above 2 trillion. We got roughly 166 billion worth of volume for the past 24 hours with a Bitcoin dominance currently coming in at 61.5% with Ether dominance at 9.1% and checking out top 100 crypto gainers past 24 hours we got whiff leading the pack up 33%, followed up 17% followed by floki up 12 and a half percent. Let me know which alts, if any you're bullish on for this particular bull. And checking out the crypto bubbles, we get a visual perspective. Let's start on the daily and work our way back. The bulk of the market pumping it in the green today. Safe to say 90 over 10. 90% in the green. Zooming out for the weekly 95% of the market in the green and zooming out on the monthly. Virtually the same 95% of the market. Significant pumps across the board. And checking out the infamous crypto greed and fear index. We're currently at 70 in greed, yesterday 70, last week of 52 and last month of 43 in fear. And checking out the infamous time chain calendar. We're currently on block height 896,421. We have roughly 153, 579 blocks until the having of 2028. Hopefully Bitcoin sitting at multiple millions by then. There's just no telling Bitcoin has no top because Fiat has no bottom. And Ms. Yellen pronounces Binance bance. Exactly. And you can currently exchange one fiat monopoly dollar for 975sats. So you know what to do bros. Pick up the SATs, put down the gats and pick up some bitcoin caps from my man sergio over@bitcoincaps.net get yourself a custom bitty exclusive astrology for the brosis as we look at some of the ta and what's happening in the markets. And then we'll hit you with all the, you know, all the latest headlines and all that good stuff and I Promise you nothing but pure bullishness today. I'm pretty excited about the jam packed session of the news I'm going to be sharing. But we got to start with our TA Bitcoin set for 150,000 price action. Let me know if that excites you as we rally. You know there's a China US agreement to slash the tariffs. This is very bullish for bitcoin. Bitcoin bull here the major development in the ongoing US China tariff talks with crypto climbing Bitcoin particularly at 1057 on May 12th for the first time in four months. That's right. Current all time high still 109 which was achieved Inauguration Day January 20th. Further confirming the bullish continuation setup with 150,000 bitty price target. And here you're looking at the weekly chart in which we do have a very clear 124,000 target in play. I'll pull up the live charts when I'm done with this ta. The catalyst behind the bitcoin break appears to be the de escalating trade tensions between the US At Capella University you.
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JV
Fees apply in China over the weekend U S Treasury Secretary Scott Besson and Chinese Vice President Hey Leffing struck a deal in Geneva to reduce the tariffs that had crippled the bilateral trade for months. So this is massive. Under the new deal the U S will lower tariffs on Chinese goods from 145 to 30%. Game on. While China will reduce its duties on U s imports from 125 to 10. So it's a win win. The agreement triggered a broad based market rally with the S p futures rising 2.8 and the US dollar gaining.7%. In contrast gold dropped 2.3%. Sucks to be you Peter Schiff. Signaling a shift away from the safe haven assets. Now bitcoin often seen as a high beta risk asset. I don't look at it as a high beta risk out asset. I look at it only alpha trade. I look at it as the apex predator. But that's just me. Had suffered under the weight of the trade war would increase investor caution, suppressing the crypto inflows. The truce now signals improved liquidity and risk appetite as the price action recaptured 100,000 here last week. The current bitcoin rally follows the textbook breakout of a bull flag pattern on the weekly chart. Now in the bitcoin case, the flag began forming the bitcoin peak at nearly 110 in January it was 1093 on Coinbase. The consolidation persisted for months, four months until early May when the price broke above the flags upper trend line with a slight volume increase. We literally came within striking distance, literally a half a God candle 5,000 away from recovering price discovery. This bullish breakout confirms the continuation with the patterns projected upside target sitting at 150. Let me know when you feel we'll likely hit that 150 target. I do have a live poll in the chat on the tube right now. I want to know when you feel we'll break out surpassing the current all time high a 1093. Will it be this week? Will it be before the end of May, June or July? Let me know as that's an interactive poll and I'll end the poll towards the end of the stream and I'll read the results out for you. Now some analysts are urging caution as Bitcoin sentiment is becoming euphoric. One of my favorite words is euphoria. Shout out Kendrick. By the way, European head of research at Bitwise noted at the firm's Crypto Asset Sentiment index it had reached the highest level Since November Novembermble 2024, a level at previously align with the local market tops and this chart showed the past weeks in the sentiment such as those April 2022, October 2023, November 2024 all followed by short term corrections or sideways price action suggesting growing optimism maybe stretch raising a risk of a near term pullback despite Bitcoin's strong long term outlook. But you let me know your thoughts. Do you think we're likely to trend to new all time high and eventually hit 150? Or do you think we'll correct some or trade some sideways in the upcoming weeks? Let me know and I'll read your comments out loud. Now I also want to point out here Bitcoin rsi, which is the relative strength index as Plan B outlines here, equals a 69, one of our favorite numbers. Is it not Brosis? I expect at least four months with an RSI 80+ just like in the previous bull markets 2021, 2017, 2013 the RSI was 80+ associated with the monthly return a 40% + four months of 40/plus% returns bringing the Bitcoin from 104 to 400,000 per coin. And if you're not familiar with the infamous Bitcoin stock to flow model, it projects bitcoin sitting above 500,000 per coin between now and the next having a 2028 projecting bitcoin to hit as a peak somewhere between a half a million and a million per coin. Let me know if you agree or disagree with the infamous stock to flow. And now I'm going to pull up some of the live charts and we'll take a quick glimpse before I read to you all the breaking news and stor that are going to make your mouth water. So let's go. And again welcome everyone. Join the live stream Try stream. You should be able to see live on on your screen the one hour chart. We have a few little targets sitting here but obviously we had a big red corrective candle this morning hence why we're sitting currently just above or I should say just below 103. Last night we were practically 105. It was 104 and some change. You know, I mean before I went to bed. So a little bit of a correction after the weekly close yesterday which we'll get to here in a second. Also looking at the the four hour chart we do got like a staircase breakout which we achieved over the past few days. But we have been trading sideways since hitting around 105 and no particular targets here on our screen on the four hour. So let's zoom out a bit further. Take a look at a daily the daily chart has been pretty lit. Let's see if we have any bull targets for today. Yep we have a bull scenario in the red sitting at 111 which would obviously reenter price discovery as the current all time high is 109. So you already know and many green daily candles pretty significant in the past week.
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JV
You can see that big green candle. We had roughly $5,000 on the day which took us back above the 100,000 level. But as of today thus far we've been correcting and yesterday was itty bitty red corrective candle on the weekly close day and zooming out from there. Let's take a look at that weekly chart and then we'll take a quick glance of the monthly and then I'll read some of your comments. The weekly chart remember we just shared some TA with some of the analysts saying according to the weekly chart 150 in play. We'll also notice the cup and handle target sent at 124. Also we had freaking 1-2345 green consecutive weekly closes so that's also great bullish momentum which has been restored as of Q2 of 2025. Q1 very corrective after hitting the all time high on January 20th Trump Inauguration Day. But you guys let me know your thoughts and I'm going to take a quick look here for you guys at the monthly spark the Blunsky Broskis especially facts. I'll strike the bong. I mean the gong. You guys hit the hit the bong. And yeah yo this month so far already still green though we got a daily corrective candle and last month obviously we closed in the green. So let's continue with a bullish momentum. Bitcoin continue to make big moves as the game theory continues around the world. Check this out. Big headline right here. Trump Link Miner American Bitcoin going public via the Gryphon merger. Yeah, this is big news. Check it. David Bailey and if you don't know him, he's the man responsible for getting Trump to speak at the Nashville, Tennessee Bitcoin conference last year. He's the CEO of Bitcoin magazine. Obviously a very smart man. Now him and his holding company name Nakamoto raised 710 million and announced a merger with Kindly MD to establish a Bitcoin Treasury. Treasury for the win. Bitcoin for the Treasury. Bitcoin for my enemies. Bitcoin for the Kennedys. Bitcoin for everybody. Under the terms of the deal, the Gryphon Digital Mining will acquire the American Bitcoin in a stock for stock transaction after the merger. The new company will operate under the American Bitcoin brand which is a new Bitcoin mining firm of the Trump fan family and be led by its board of directors including Eric Trump, son of Obviously the POTUS news of the merger coincided with a sharp rise in the graph on Digital Mining stock price which climbed from 52 cents on May 9th to $2 and 15 cents. That's a 4x baby. A gain of more than 313. Now the announcement follows early April reports that the American Bitcoin was considering an initial public offering. An IPO massive. Now American Bitcoin is a majority owned subsidiary of energy infrastructure, crypto mining and data firm Hut8. Obviously they joined forces like a joint venture with the Trump family. Hut 8 CEO Asher said the company aims to make America's Bitcoin a purpose built vehicle for the low cost bitcoin accumulation at scale. And by taking American Bitcoin public, we expect to unlock direct access to the dedicated growth Capital independent of Hut 8's balance sheet while preserving long term, long term exposure to Bitcoin's upside for the shareholders. And according to the announcement, existing American Bitcoin shareholders won roughly 80 or 98 of the newly formed company following the transaction. The new company will control most of the outstanding stock. And I heard Trump even say in his own words his plan is to make not only America the Bitcoin mining hub of the world, but American Bitcoin the biggest Bitcoin mining facility in the world. Game on. This is the global hash war family. Hut 8 will continue to manage the American Bitcoin infrastructure and operations through the long term commercial agreements. Those deals are expected, according to the announcement, to generate stable contracted revenue stream from Hut 8's Power and Digital infrastructure segments. Now what exactly is American Bitcoin? Hut 8 acquired the majority stake in American Bitcoin when it unveiled at the end of March, backing from several members of the Trump family, the company formerly known as American Data Center. Good rebrand on the name by the way. Founded by a group of investors with Trump's son, Donald Trump Jr. And Eric Trump. You got to throw Baron in there. The time traveler. Now following the deal, American Bitcoin took ownership of Hut 8's Bitcoin mining hardware. The announcement at the time explained the new firm aims to become the world's largest most efficient pure play bitcoin miner while building a robust strategic bitcoin reserve. We're going to dive deeper into Nakamoto. We touched upon American Bitcoin, the new bitcoin miner company backed by the Trump family with the new partnership with Hut 8. Well, let's dive deeper into the breaking news of Nakamoto holdings merging with Kindly MD to build the bitcoin treasury. That's right. Healthcare services provider Kindly MD merged with bitcoin native holding company Nakamoto holdings to build a bitcoin treasury. And according to the new announcement, Nakamoto Holdings, a new company founded by the bitcoin magazine CEO David Bailey, Crypto advisor to President Trump.
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JV
Plans to build the first global network of Bitcoin treasury companies in partnership with Bitcoin Inc. Quoting Bailey here. Traditional finance and Bitcoin NATO markets are converging. The securitization of Bitcoin will redraw the world's economic map. We believe a future is coming where every balance sheet, public or private, holds the bitty. That's right. Or get left behind or become extinct now long term. The firm's plan includes developing an ecosystem of Bitcoin native companies including media advisory and financial services. Hey, I'm seeking sponsors David Bailey all aiming to accelerate the Bitcoin adoption and utility. The company resulting from the new merger aims to accumulate a Bitcoin and grow the Bitcoin held per share. Much like Mikey Sailor's strategy B, the new firm plans to leverage equity, debt and other offerings to achieve its objectives. The announcement promises the company will provide market exposure to Bitcoin with a compliant transparent structure. Bailey said the combined company he will need or lead plans to bring Bitcoin to the center of the global capital market by integrating it into the debt, equity and preferred shares and a new hybrid structure. Our mission simple. List these instruments on every major exchange in the world. Game on now. Shares of Kindly MD will continue to trade on the NASDAQ under the symbol kdly. Let me know if you ever heard of this company. The newly formed company will be renamed and trade under the new ticker Nakamoto Baby. The Bitcoin Treasury Company. I think that's a pretty lit name for the Bitcoin treasury company. Obviously named after the great Satoshi Nakamoto. The board of directors of Nakamoto holdings are and Kindly MD having unanimously approved the transaction which will also require the approval of the latter company shareholders. The transaction includes 510 million in gross proceeds from private placement and public equity price at A$12 per share consisting of common stock, pre funded warrants and kindly MD and 200 million and gross proceeds from the sale of senior secured convertible notes maturing in 2028. Sounds like they took the approach of the Sailor put with doing the, you know, exact way they raised money with the Senior Convertible notes. The financing they expected to close in conjunction with the merger and upon completion, the newly combined firm will inherit the obligations and business relationships and Nakamoto holdings, including marketing services provided by Bitcoin Inc. The publisher of Bitcoin magazine and the organizer of the annual Bitcoin conference and the crowd is going wild. But let's continue with the Bitty news and continue with the headlines. The latest from Mikey Sailor big announcement as we anticipated because he posted the Sailor Tracker yesterday, the headline Here reads Strategy added 13,390bitcoin for 1.34 billion as the video price top 100G's that's right. Strategy purchased the fresh batch of bitcoin as bitcoin pushed back above 100 last week, acquiring 13,390bitcoin for 1.34 billion between between May 5th and the 11th, according to the announcement on May 12th. The acquisition has increased strategies total bitcoin holdings by 2.4% to a total of 568,840btc acquired for about $39.4 billion at an average price of 69,000per coin. The newly announced purchases were made at an average price of 99, 800 per biddy with Bitcoin reclaiming obviously the massive psychological mark of 100g. Following the acquisition, Strategy met its previous 2025 Bitcoin yield target. According to Michael Saylor's post, the purchase brought Strategies Bitcoin yield, an indicator representing the percentage of change of the ratio between the bitcoin holdings and the assumed diluted shares to 15 and a half percent. So people are loving it. And previously mentioned Strategy is previously seeking to maintain the Bitcoin yield at 15 and the firm has lifted the yield target to 25 May of this year, which is the month we're currently in. Meanwhile, Peter Schiff continues to voip case gloomy predictions. But who really cares about the fudmeister Peter. But why not let's entertain him just for the sake of laughs. Your next buy will likely push your average cost above 70, 000. I guess he wrote this to Michael Sailor the next leg down in Bitcoin will likely push the market price below your average cost. Not good considering how much you borrowed to buy the bitcoin. When you sell small paper losses, you'll become the huge real losses. Well, he has also predicted Micro Strategy going bankrupt and I just don't see Micro Strategy going bankrupt. But that's the Peter Schiffmeister for you. But yeah, next story of the day regarding Meta Planet and Then the latest regarding the strategic Bitcoin reserve being proposed by Conor and Max and the meetup between McGregor, Max and Bukele. All the latest updates as per the High Priest, your Holiness Max Kaiser. But first, Meta Planet now holds more big one than El Salvador. That's right yo Japanese investment firm the Japanese Micro Strategy Metaplan added another 129 million to the Bitcoin treasury, pushing the total holdings past the Bitcoin stack and country of El Salvador. Quoting their CEO here, Meta Planet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation states. We're just getting started. On May 12, the Tokyo listed firm announced it had acquired 1241 of the Biddy. 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's 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 at indeed.com podcast terms and conditions apply for 14.8 million yen 101,000 USD per coin. The total buy all at its highest ever Bitcoin purchase price is worth around 129 million at the current price. This brings the firm's total holdings to 6,796 BTC, worth 707 million at today's prices with an average price of 91, 000 per biddy. Meta Planet started the Bitcoin accumulation strategy back in April of last year. El Salvador, currently the sixth largest nation state holder of of Bitcoin with 6714 Bitcoin worth 642 million according to the national Bitcoin office. Shout out to the Bitcoin country Nig Book Kelly and the rest of the family. The Japanese investment firm also reported a bitcoin yield which measures the ratio percentage of the change of bitcoin holding per fully diluted share of 38 of the current market or current quarter to date. The firm achieved a Bitcoin yield of 95 during the first quarter of this year year 95.6%. Meta Planet has been more aggressive in accumulating bitcoin in the recent months with a purchase of 5,555 bitcoin on May 7.4 purchases in total totaling 18,586 at a bitty and 6 purchases in March totaling 18,925 of the biddy each by Larger than the previous. The firm is the largest holder of bitcoin in Asia and the 10th largest globally. Meanwhile, Mikey Sailor yesterday posted the infamous Taylor tracker and he's a man of his word because again, massive one point plus billion dollar purchase for bitcoin for strategy. Game on. Now for our feature story of the day. UFC champion double champ. A former UFC double champ, Conor McGregor backs an Irish bitcoin reserve, saying it puts the power in the people's hand. That's right, because bitcoin is the people's money. And there's been a lot of news here surrounding Conor meeting up with Nig Bokele to ultimately propose a bitcoin strategic reserve for Ireland. And for those that don't know, he's actually running for presidency in Ireland. So let me read to you some of the bullishness here. Max Kaiser put yes, the nation state sailor play can be rolled out in Ireland. Shout out Max Kaiser. This would be topic number one at the bitcoin nation state summit between President Bukele and Conor McGregor. And he posted that off the back of this post. Conor McGregor times El Salvador. Bukele's Bitcoin reserve Talk Celebrity Power meets Nation State Adoption. Iris Strategic Reserve could mirror microstrategies Playbook Geopolitical Hedging goes mainstream. And in other headlines just published, Conor McGregor and Max Kaiser push for Irish Bitcoin reserve. Another headline, Conor McGregor and Max Kaiser. Oh, I guess I have that one twice. Another headline from MSN says UFC legend Conor McGregor proposed it as Irish Bitcoin strategic reserve. So this is major mainstream news now. McGregor for president. With bitcoin in his corner, anything is possible. Another headline, Conor McGregor to meet Bukele over Ireland's Bitcoin reserve. So I want to share with you the latest of what's going on here, so let me share this with you. So here we go. And again, welcome everyone joining the live stream here with us today. Here's the latest. Conor McGregor recently called for the Irish government to create a national bitcoin strategic reserve to put the power of the money back in the hands of the people. We have 5 million fighting Irish who can benefit from individual property rights and individual sovereignty, which is precisely what it provides to us. I already shared with you McGregor's specific tweet. The UFC fighter, who is also an Irish national, has urged Max Kaiser and President Bukele to organize the meeting that could give Ireland a taste of bitcoin. Max and Nig Buell, he said, send me a message and let's organize the meeting. And in fact Max Kaiser shared a date asking Max or Connor if that would work for him here this morning. And also this is actually a great documentary called Hot Spots that Max Kaiser did back in April of 2011 and this is obviously behind him. Behind the scenes is Stacy Herbert. But they have these incredible documentaries exposing corruption and this particular one was done in Ireland. So I shared it tagging Conor McGregor and Max Kaiser reposted it. If you guys can repost that as well on X, I want to make sure Conor McGregor watches this documentary which is pretty awesome as a two part series. Let me know and on it ultimately again, Kaiser is exposing the financial corruption within Ireland. And bitcoin being the obvious solution, Conor McGregor might be coming to El Salvador. According to Salvadorian Pride, another you know, big influencer X account, the meeting's agenda includes the need for Ireland to allocate money to Bitcoin. And according to Max, Ireland which is developing a sovereign wealth fund estimated at around 114 billion, should put all of its money to refill gratis eston Starbucks.
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JV
Into Bitcoin. Could you imagine Ireland establishing the strategic bitcoin reserve with 114 billion? I sure can. So yeah, Ireland has the chance to avoid financial ruin by putting their entire 114 billion euro windfall into the Irish Bitcoin strategic reserve fund. According to Max Kaiser, the general sentiment is that financial corruption in Ireland can be eliminated with efficient systems under the strategic reserve. And Based on this, McGregor will help of Kaiser and President Bukele aiming to replicate what El Salvador did. They already have the proving proven blueprint as El Salvador was the first country to establish a Bitcoin strategic reserve back in 2021. And like McGregor, Max encourages the North Atlantic Ocean based Ireland or island to create a strategic Bitcoin reserve to guarantee long term economic independence. Quoting them here, holding anything else. This is according to Max, holding Anything else is 100 mathematically guaranteed to lose purchasing power against Bitcoin and therefore Ireland would be guaranteed to lose relevance against all countries and companies now creating the Bitcoin strategic reserve funds as the world adopts the Bitcoin standard. And the reason he shared this is Max asked besides Bitcoin, should we adopt any other cryptocurrencies? And again I'm paraphrasing and Max said no. And I also, you know, chimed in and ultimately said bitcoin only. And the bulk of the people if you actually read the comments are saying the same thing. Bitcoin only, Bitcoin only. And my logic for why it should be Bitcoin only is. Bitcoin is the only truly decentralized cryptocurrency. It's the very first. And everything else is an imitation copy. Bitcoin got the first movers advantage and it is the only cryptocurrency without an attack vector thanks to Satoshi Nakamoto. Due to the true decentralized nature of it, there's zero attack vector. In fact, the more you try to attack the bitcoin network, the stronger it becomes. You cannot say the same against any other cryptocurrency because you can attack something and there's people involved. And when people are involved, corruption is involved. And that's why all of these meme coins and everything always end up getting rugged. It's due to human error. With bitcoin there is no human error and we could thank Satoshi for that. Now Max also says it's like gunpowder. If you don't embrace the power of gunpowder, be prepared to be taken over by countries that do so. This is an opportunity for Ireland to stop getting left behind by the corruption within their governments and politicians in which control the fiat currencies. And we also know bitcoin perpetuates peace and love while fiat currency will continue to perpetuate war and violence events all around the world. And with that being shared, fam, let me know your thoughts. With McGregor potentially becoming a president of Ireland and the proposal for the strategic bitcoin reserve for the country of Ireland and 5 million fighting Irish, the more conversations going on around the world about establishing strategic bitcoin reserves, the bigger this game theory and global hash war will continue to expand and the pre little bitty is going to do what the pre little bitty does best. Going up forever. Laura. New Hampshire was a state number one to live free or die. Most of the states are putting wording that states market cap 500 billion which ultimately means only bitcoin is qualified for that. Good point. Why are people selling dumb people are going to be dumb people. Bitcoin is the only currency that has true scarcity. Precisely 21 million finite limited supply. Good point Oracle. There will only be 21 million. Scarcity is the key to longevity. Gold, fiat, got etc or all have the etf all have the ability etc the ability to manipulate it beyond. Exactly. They can print more. There's no other cryptocurrency qualified to empower a nation. That's my wording that I put in my post in response to McGregor. I just don't have it pulled up in front of me but I'm paraphrasing from my memory here, I'm like, there's no other cryptocurrency qualified to empower an entire nation besides bitcoin. And you're 100 correct, Oracle. It has true scarcity. It is the only truly decentralized cryptocurrency with true scarcity where they cannot create more of it and there's no attack vector whatsoever. And you understand that's a blackjack, baby. 21 fairy tales hitman now. And don't forget to check out cryptonewsewsalerts.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. Hodl.
Release Date: May 12, 2025
Host: Justin Verrengia (JV)
Timestamp: [00:54]
JV kicked off the episode with a comprehensive market update, highlighting a bullish trend across the cryptocurrency landscape. As of the live stream, Bitcoin was maintaining above $103K, and several altcoins, including XRP, Ethereum, and BNB, were experiencing significant gains.
JV emphasized the overall positive sentiment, noting that "90% of the market was in the green on a daily basis" ([03:15]).
Timestamp: [04:00]
Delving into Bitcoin's technicals, JV discussed a bull flag pattern on the weekly chart, signaling a potential surge to $150,000. He explained:
"The consolidation persisted for months until early May when the price broke above the flag's upper trend line with a slight volume increase" ([05:45]).
Using the Relative Strength Index (RSI), JV pointed out that Bitcoin was at an RSI of 69, nearing the overbought territory, which historically correlates with significant bullish momentum.
Timestamp: [12:00]
A major highlight was the announcement of American Bitcoin going public through a merger with Gryphon Digital Mining. Key points include:
JV quoted Bailey:
"Traditional finance and Bitcoin NATO markets are converging. The securitization of Bitcoin will redraw the world's economic map" ([16:56]).
Timestamp: [14:30]
Michael Saylor's MicroStrategy added 13,390 Bitcoin, investing $1.34 billion as Bitcoin surpassed the $100K mark. This purchase elevated MicroStrategy's total Bitcoin holdings to 568,840 BTC, marking a 2.4% increase in their portfolio.
"Strategy purchased the fresh batch of Bitcoin as Bitcoin pushed back above 100K" ([16:10]).
Timestamp: [22:10]
Japanese investment firm Meta Planet officially became the largest Bitcoin holder in Asia, surpassing El Salvador. Key details include:
JV highlighted:
"Meta Planet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we're just getting started" ([17:22]).
Timestamp: [25:00]
A standout segment featured Conor McGregor teaming up with Max Keiser to propose an Irish Strategic Bitcoin Reserve. This initiative aims to place financial power back into the hands of the Irish people, mirroring strategies employed by El Salvador.
"Holding anything else is 100% mathematically guaranteed to lose purchasing power against Bitcoin" ([27:00]).
Key points discussed:
Timestamp: [05:00] & [07:00]
Throughout the episode, JV engaged with the audience through live polls and comment sections, encouraging listeners to share their perspectives on Bitcoin's trajectory and potential market corrections. Notably, the sentiment around Bitcoin's dominance and its role as a decentralized asset was overwhelmingly positive, with many participants advocating for continued accumulation.
JV provided nuanced insights into the evolving landscape of cryptocurrency adoption:
"Bitcoin is the only truly decentralized cryptocurrency with true scarcity. It's the apex predator in the crypto ecosystem" ([10:00]).
While the episode was rich with data and forward-looking statements, JV maintained a bullish outlook, emphasizing Bitcoin's resilience and potential for long-term appreciation. The collaborative efforts of influential figures like Conor McGregor and Max Keiser signal a maturing cryptocurrency ecosystem, poised to play a pivotal role in global financial systems.
Stay Informed: For the full premium experience with video content and live Q&A sessions, visit cryptonewsalerts.net.
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