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1993: “Everybody In The World Is Trying to Hoard Bitcoin Right Now - $1M In Play”
00:37:40
“I'm traveling. I'm on a plane. Everybody in the world is trying to hoard Bitcoin right now. Everybody"
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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 618 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. See BFA.com golf with us for complete details. Copyright 2025 bank of America Corporation. 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 Crypto fam to know one daily Bitcoin pod Bitcoin pumping back in the green. We recaptured 104 here today. In fact, not too long ago we were 105 and happy TGIF. In today's show I'll be sharing the latest technical analysis including Bitcoin hitting 220, 000. Reasonable. In fact, I'll be breaking down the timeline. We'll also be discussing U. S. Senate will pass the stablecoin bill according to the Digital Chamber chief. Also China Link consumer brand Day cook plans to acquire five zero zero. Also Bitcoin treasury pivot lifts luxury watchmaker stock more than 60%. We'll also be discussing big news. Basil Medical Group announces plans to acquire $1 billion worth of Bitcoin. Also Panama City mayor hints at a Bitcoin reserve following a meeting with El Salvador advisors. And guess what at the Max and Stacy Invitational, the largest bank in Panama is the main sponsor for the event. So shout out to the High priest. Max and as well as Stacy will be discussing Panama as one of the big stories here today. Also, the world is trying to hoard bitcoin right now according to Eric Trump. He also says that bitcoin is heading to a million dollars and that he is very confident in bitcoin striking the million dollar milestone. 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 1993. I'm your host, JV. Happy May 16th, 2025. Very significant day today. Can anyone guess why? It's my mama's birthday, so without my mom I wouldn't be here right now. So help me wish my mother a Happy birthday. The big 72 today. So we celebrate. But anyways fam, let's kick it off with our market watch as we do each and every day. You should be able to see on your screen here pulling up bitcoin back in the green. Up almost a percent on the day just above 104 at the time of the live stream we have ether up 2 1/2% just shy of 26 hundo xrp currently correcting alongside bnb, tron and the PI network and checking out coin market cap.com still almost 3.33 trillion. It's been stuck for the past couple of days but today is 3.32 trillion. Bitcoin market cap 2.06 trillion and we have 113 billion worth of volume over the past 24 hours. Bitcoin dominance 62.1% with ether dominance at 9.4%. And checking out top 100 crypto gainers past 24 hours. Onyx a D Let the boys be boys slam up 18% on the day followed by hype up 9% followed by EOS. Speaking of Brock Pierce earlier up 8%. Let me know which alt if any you're bullish on for the bull and holl at your boy in the nip. And checking out the crypto bubbles, we get a visual perspective on the day. I would dare say 8020 green over red. Zooming out on the weekly H, maybe 6040 right over green and zooming out on the monthly ching. The entire market pumping the green with some of these meme tokens up hundreds of percent like the pudgy little penguins and whiff and even Trump coin up 65% of the month. And check it out, the crypto Greed and fear index. Today we're a 71 GRE, yesterday at 70, last week at 73 and last month at 29. In fear and checking out the infamous time chain calendar, we have 155 blocks until the having of 2028. Hopefully Bitcoin's like in the million dollar range by then. There's just no telling what a young Janet Yellen and we're currently on block number 896 89. You can currently exchange one fiat monopoly dollar for 962 sats. 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. Let's transition into RTA aka astrology for the Brosis, shall we? Headline here reads Bitcoin hitting 220,000 reasonable. Yeah, you're damn right says goal based forecast. So let's break this bitty down and then we'll pull up some of the live charts as we do each and every day. Bitcoin has a decent chance of hitting 250 or more this year as attention turns to the gold. Copycat moves. And I can't say that second part of that word without the nibinator going wild if you know what I'm saying. Now. Bitcoin following gold to new all time highs is a popular theory amongst the bulls. Historically, bitcoin follows the gold higher with a delay of several months. And as per this analyst, the implications are considerable this time around with gold hitting 3500 per ounce which is a record time high. Hence Peter Schiff doing backflips. It is this episode is brought to you by Nespresso Vertuo coffee machines ready to enjoy the bold flavors of barista quality Nespresso iced coffee at home. Simply fill a glass with ice and press the brew button on your Vertuo pop machine to enjoy rich double espressos roasted to stand up even when chilled. Refreshingly bold iced coffee refreshingly easy to make at home. Visit nespresso.com to shop now home here in Puerto Rico. Now the the future for the bitcoin price action is bright. That's right. Bitcoin's position relative to gold has improved considerably since April. This is the indicator that gives me hope for the higher than expected returns later this year. And you can see the bitcoin power curve in US dollars and gold as outlined right here. And you already know the precious metal market cap is like 22 trillion bitcoin market cap, you know 2 trillion. So we could easily do another 10x from here and I could only imagine bitcoin in the seven figure range at that time by the time we overtake the gold market cap. But let me know your thoughts. The power curve concept involves measuring bitcoin price and gold ounces to avoid inflationary nature of the US dollar. And that's the future because we're not going to be able to compare bitcoin to fiat forever because the fiat's eventually going to go to zero. Hence we will maybe be comparing it in gold ounces. I think that's a good point here I am meas the value of the bitcoin network market cap in gold ounces and fitting that value to the power curve according to the analyst. And amongst the results in a potential bull market top target, the contextualizing the top of 2017 when we hit the 20,000 all time high of that year. How many of you were around back then? Let me know. Quoting him here at the bitcoin network value measured in gold continues to follow the power curve and gold holds the current value. The bitcoin price returns to five years ahead of support 444 this year. Now we're talking this week. He also suggested a more reasonable target for 2025 at 220. So there you have it. Bear scenario 220, bull scenario 444. He also says if we start getting above 250 that's what I would consider higher than expected. Now I do think there is a decent chance we get there. It's just not the most likely outcome. Everything can be divided by probabilities. He's ultimately saying we have to have an open mind that that can very likely happen. I mean bitcoin has no top, fiat has no bottom. But he's ultimately saying the more likely outcome is to 300000 range. But you let me know your thoughts. Continuing to the goal theme, analysts considered data showing how high bitcoin could go and where to capture varying portions of the gold market cap. This would come about thanks to a shift towards digital gold, something widely anticipated to gain momentum in the coming years. Quoting the analyst here. If gold hits 5,000 an ounce practically, what is that? Double current price, no 35 whatever. By 2030 the Bitcoin captures 50% of the market cap. That puts Bitcoin at 924,000. I want to repeat if gold hits 5,000 at 2x, Bitcoin will capture 50% of the market cap and put Bitcoin at 924,000. What has a better upside? Bitcoin, bitcoin, Bitcoin. There is no second best. The report also said the data does not represent a price prediction per se. I guess cover in their ass, but rather a scenario based framework rooted in our established gold model that offers a clearer sense of what relative revelations of non sovereign hard assets might look like by the decades. And then you guys already know Kathy Wood suggesting we can hit 2.4 million in a bull scenario for this particular heading to the top of the decade. Arthur Hayes as I covered I believe that was yesterday's podcast is suggesting we can hit a million dollars within the next three years by the year 2028 which is the year of the next having. Let me know if you agree disagree and let's pull up some of the live charts and we'll do some live chart bitty action Jackson for the Broskis and the baddies so you should be able to see live it on Your screen via TradingView via Coinbase One Hour Chart A few targets in play we do have a green bull scenario sitting at 116 bullish pennant very bullish for the one hour chart and zooming out from there and we do have an overall bullish pennant formation which is also very bullish. Checking out the four hour chart four hour is also a bullish pennant. We also have a similar target here sitting at 116 in play. I mean that's very probable in my opinion if we break 193 current all time high sending us back to price discovery considering it's been since January when we hit that level and it's still the most bullish time of the season the year after the having and check the four year cycle right and checking out the daily of the daily chart says it's going up forever. J.P. we do have a red target in play sitting at 111 price discovery level and we've had a lot of bullish momentum of the past maybe 56 weeks. Nothing but pure bullishness after having a pretty stagnant few months prior. After hitting the all time high back in January and zooming out a little further we'll check out the weekly in which we will get a weekly candle clos in a couple of days on Sunday and check that out. 12345 green consecutive weekly closes Bullish territory has resumed. We also have the 124 cup and handle target in play which has been sitting on this chart for literally months as we cover this every day. You guys should know. But anyways checking out also the monthly taking a quick look and I accidentally just hit something else called the 10 range. I'm not even going to pretend to understand what that chart means. Give me a second. Let's go to the one month and get a broad perspective here at gmc. Ignorance is the furthest thing from Bliss. Bliss is research, testing, testing the testing until it results in not just one truck but a whole lineup. The 2025 GMC Sierra lineup featuring the Sierra 1500, heavy duty and EV because true bliss is removing every shadow from every doubt. We are professional grade. Visit gmc.com to learn more. The one month chart we're halfway through the month so thus far green. Last month was a nice green candle. It look like this month we'll get another green candle and hopefully we continue the bullish momentum. It's been nothing but pure bullishness since we transitioned from Q1 to Q2 2025 year preceding the having new all time highs in play and if you don't know you're gay, sorry, got to call it out next story of the day fam and make some noise. Shout out everyone in that chat. Up to 700 people on the live stream. Greatly appreciate y' all. Next big story of the day U.S. senate will pass the stablecoin bill. It's a given. We all know it's going to pass because Trump's entire administration is pro that stablecoin bill. The stalling key stablecoin legislation of the US Senate was a minor setback and the bill will pass in the coming weeks, according to Cody Carbone, the CEO of the Digital Chamber of Washington D.C. blockchain Trade association advocacy group. That's a mouthful. Speaking of Coin Telegraph at Consensus, Carbone argued it is in the best interest of the US to pass comprehensive stablecoin regulation to protect the US Dollar. Heiny I got it right. Finally, Oracle and Global Markets, which has bipartisan appeal and support quoting them here. These things never move as quickly as we them to move, but it is the stablecoin legislation this Congress has already moved more expeditiously than we ever could have imagined. So yes, it is a bump in the road, but I think very, very shortly we'll have another vote. Now the guiding and establishing national innovation of the US stable coin of 2025, better known as the Genius act, is seen as a critical piece of legislation. Failing to pass comprehensive regulatory reform before the midterm elections in 2026 could mean a reversal in the positive regulatory environment and a downturn in the crypto markets. Quoting the bill here, negotiations have continued, so I am still very optimistic. According to Carbone and he shared the bill, as you can see on your screen, I think it's just a matter of time. Personally, the act failed to pass the procedural vote, hence that just actually happened with ripple and the SEC. They came to an agreement of 50 million and then judge Torres just said no, you guys didn't follow the procedural court rules or whatever. So it's still ongoing now, five years later, which is mind boggling. But anyways, the act failed to pass the procedural vote may 8 after several Democratic lawmakers withdrew support for the bill, citing US President Trump's involvement in crypto as a potential cause for ethic concerns and the primary driver for backpedaling support for the bill at the very last minute. And meanwhile, Coinbase chief legal officer said that Trump's crypto ties complicate the regulatory process as lawmakers continue to scrutinize his activities in the meme coin market, decentralized finance and the NFT sector. Meanwhile, Republican Senator Tim Scott fired back against the concerns voiced by the Dem policymakers, attributing the failure to bipartisan politics and an attempt by Democrats to prevent Trump from achieving the admin's digital asset goals. The latest version of the bill removes references to the Trump family and could pass the Senate by the end of May, some industry executives say. Let me know if you agree disagree and do you think that stablecoin bill will come sooner than later? Holl at your boy. Do you think Coinbase got hacked or it was all planned? Fantastic question. I do think that KYC is evil and regardless how it leaks, it always leaks. Give me one major platform that hadn't had a data leak. Do any exist? Facebook, meta, whatever? Yeah, I mean Coinbase, you name it. Because it's a honey pot for hackers and it's easy for them to steal the information. It's just a damn shame it's required by the government for them to collect all your personal data. It will be used against you. My mom has had her identity stolen like a dozen times and it never ends and she can't stand it. There's always people using your information because her information has been stolen over and over and over over the decades. And then these hackers and bastards, they sell the information to the highest bidder and then they have your personal info. Now they're trying to hack you. So be very weary if a alleged Coinbase email or letter in the mail or someone calls you on the phone because they know who the high net worth individuals are. They know exactly how much bitcoin you you removed off the exchange sitting in your cold wallet. Why they have all your fucking data. They have your last four digits of your Social Security. They have your address. They have your full name. This is how identity theft is running so rampant. So protect yourselves kids. I'm just saying these damn hackers got some nerve hacking my mom. Bastards. They not like us. They not like us. China Link Consumer Brand Day Cook plans to acquire 5,000 bitcoin there was another Chinese Asia strategy As a contractor I don't pay for materials I don't use, so why would I pay for stuff I don't need in my mobile plan? That's why the new My Biz plan from Verizon Business is so perfect. Now I can choose exactly what I want and I only pay for what I need right now with my biz plan get our best price as low as 25 a line. Visit verizon.combizarre business to get started today. Price per month with five plus lines includes auto pay and paper free billing and special intro offer discounts, taxes, fees, economic adjustment charge and terms apply offers in June 10, 2025 luxury watchmaker headline but just going to touch upon the headline here and read the other story. Bitcoin Treasury Pivots Lift Luxury Watchmaker stock more than 60 and it just goes to show you the Sailor put working in full effect all across the world. As you know, they're just following the Sailor playbook at the end of the day adding Bitcoin to the Treasury. But I want to read this particular story Main One of the world's most restrictive countries towards crypto, maybe inching closer to adoption as a locally operating brand, announced a Bitcoin reserve strategy. That's right, another one blessed to this DDC enterprise, also known as Dayday Cook, a U S consumer brand with Hong Kong roots and operations in the mainland, China is adopting a Bitcoin reserve strategy, according to their CEO Norma Chu, who announced to the shareholder letter on May 15 yesterday. As part of the strategy, DDC acquired 100 BTC for 10.4 million and plans to accumulate 5,000 BTC in the next 36 months. Enter the 36 Chambers shout out to the Wu Tang clan with 500 Bitcoin targeted by the end of 2025. Now choose. Bitcoin reserve announcement came after the firm posted a 33 revenue increase in 2024, with the total revenue amounting to 273 million Chinese yuan, which is 37.4 million USD, according to the Form 20F filing with the USSC. Despite the public announcement, the DDC latest SEC filings do not explicitly mention the company's Bitcoin holdings or the Bitcoin reserve strategy, Quoting them here their CEO we are embarking on the pioneering initiative to position the DDC at the forefront of the digital asset innovation with the laser focus execution on the Bitcoin accumulation shoe. Previously announced that the DDC's intentions adopt the Bitcoin Reserve Strategy and another letter on March 18th as announced right freaking here, DDC announces strategy to create the Bitcoin reserve starting with 100 BTC with a premium price DDC share 100 BTC to start. Are you ready? Mom Spaghetti? He's nervous, but on the surface anyways, Although the DDC Annual report does not mention the Biddy Reserve plan, the SEC filings provide hints of the company's intended adoption of Bitcoin as a new asset class. Quoting them here, the company is evaluating strategies to obtain the required additional funding for the future operations. The company plans to diversify revenue streams and implement cost saving measures to grow the revenue and decrease expenses. However, the company may be unable to access further equity or debt financing when needed. Additionally, the filing refers to the crypto disclosure guidelines set by the Accounting Standards Update by the Financial Accounting Standards Board the FASB issued in late 2023. Quoting them here, in December of 2023 the FASB issued ASU 20002308 intangibles, goodwill and Other Crypto Assets, accounting for the disclosure of the crypto assets in the filing notes, adding that the firms are allowed to start using the new rules in their financial reports and they haven't been published yet. Meanwhile, the DDC's filing says that the firm partly operates in the mainland China and Hong Kong on the outskirts, which puts its financial conditions and growth under the influence of political, economic and social developments. And as of May 2025 the mainland China has maintained a restrictive agenda towards the crypto trad and missing or the mining of 2025 when the local regulators announced a major ban on crypto transactions. However, many online reports have speculated that China may lift its crypto ban amid the growing adoption of the Hong Kong call me Hong Kong Louie as well as the ongoing global shift of the crypto fueled by the crypto friendly approach of the US under the administration of our new POTUS name Trumpster. Still, some analysts have questioned the mainland China's plants can't trust them Chinese some say unban the Biddy despite the fact that it somehow remained a major global player of the bitcoin mining even after the ban was enacted. But anyways, China's doing big things. I mean the entire world is adopting bitcoin. So you guys already know and if you don't know now you know. Bassel Medical Group, which is the ticker BMGL publicly traded company, announced plans to acquire $1 billion worth of the Biddy. This article was just published on it. So let's dive into into this again. The ticker on the NASDAQ is bmgl. You can look it up. They entered an exclusive negotiation for one billion dollar acquisition of Bitcoin, marking a major shift in the financial strategy. The move will reshape the company's treasury reserves while continuing its focus on healthcare expansion all across Asia. Another Asian company blessed us with a bitty. The BMGL stated that the deal is being structured to a share swap arrangement involving institutional investors and high net worth individual from the crypto sector. This initiative, once completed, is expected to position BMGL among the most financially flexible medical service provider in Asia Pacific. That's right. BMGL is aiming to build a stronger financial base to accelerate the expansion into the emerging Asian healthcare markets. The proposed transaction would diversify the company's balance sheet and improve its access to capital for future acquisitions. 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 the 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. Dr. Darren Choa, chief executive officer, said this 1 billion financial transformation will give us the capacity to execute our Asia growth strategy, maintaining conservative financial management and he added that the move supports the firm's mission to become the top tier healthcare per platform across the region. The company is currently working with a group of crypto focused investors to finalize the terms. BMGL expects the deal to close within the Current financial quarter Q2 Bring it pending regulatory approval of course, and other standard conditions. The proposed Bitcoin acquisition is part of the BMGL broader strategy to enhance liquidity, reducing exposure to traditional financial instruments by incorporating the preload biddy going up forever Laura into the reserve. Like the US the company seeks to create a more diversified asset base that may provide more resilience in the change in markets. That's right. For maximum resilience, you stack the biddy and according to the announcement, the Bitcoin assets will support BMGL's future healthcare acquisitions. Management believes the strategic move could offer a new way to balance the risk while retaining access to immediate funding options. This development may also give the BMGL the ability to respond quickly to market shifts or investment opportunities in the fast growing healthcare sector, particularly in the underserved areas across Asia. So game on, BMGL joins the glowing growing list of the publicly traded companies that have added the bitcoin to the corporate treasuries such as strategy with Mikey Sailor. Also in Brazil there was big news today. Fintech firm called called Meluise recently completed a 28 million Bitcoin acquisition for the shareholders approval in a transition into a bitcoin treasury company. They now hold 274bitcoin. Are you starting to notice a little trend? Every major company that is smart then doesn't have their head stuck between their arse is adopting a bitcoin treasury strategy. So they're stocking, go crazy, satisfy the shareholders and satisfy the rest of the world. Next story of of the day. Here's big news coming out of Panama. Check it. Panama City mayor hints at a bitcoin reserve following the meeting with the El Salvador advisors. Who do you think the El Salvador advisors are? Max Stacy. Doing God's work out there in bitcoin country. But I also want to share these tweets. Panama capital city mayor says the country will have a national bitcoin reserve within a year. Nation State FOMO LAO intensifies. NIPinator got some competition. Look at this guy. We gotta get Nipinator in one of these official positions now that he's no longer working for the sec. Now also thrilled to announce breaking news. Panama's number one bitcoin friendly bank Tower bank will be the lead sponsor of the Max and Stacy Invitational. I will be there. The event is going down in January 2026. Cop your tickets today. Max and Stacy invitational.com Central American Bitcoiners for the win Baby baby. That's the featured sponsor at the event. So you already know Panama's being orange peeled as we're speaking. Only a matter of time for the adoptive bitcoin strategic reserve for Panama and but let's dive a little deeper into the particular story here. Panama City mayor and I hate when those pop ups pop up. I gotta hit. No thanks. There we go. Panama City mayor Mizrachi stirred speculation about a possible bitcoin reserve after a cryptic post on X Max and all he wrote was bitcoin reserve. Now if you can read between the lines, I think it's pretty self explanatory. They're looking to establish a bitcoin reserve. The cryptic post. Oh my God. So cryptic. Followed by his meeting with Max and Stacy, two of the key architects behind El Salvador's bitcoin policy. Kaiser currently serves as Bukele's bitcoin advisor while Herbert leads the country's bitcoin office. Hence shout out Max and Stacy for doing God's work, El Salvador has implemented a bitcoin forward financial strategy to accumulate top tier bitties for its reserves. As of May 15, El Salvador holds 6,178 Bitcoin Valdez 644 million and before you know it, that'll be in the billion dollar territory. Mark my words. And although the content of their discussion remains private, the timing of the post suggests the idea of a bitcoin reserve may be on the agenda. I'll second that. Notably, Kaiser had posted about how the two Central American countries compare play play a pivotal role at the bitty future, quoting Max here. Bitcoin is transforming Central America. El Salvador's geothermal and Panama's hydroelectric will power the bitty revolution. Let's go. Meanwhile, this development reflects the growing global interest and national biddy reserves following Trump's pro crypto policies and also big news out of the Ukraine looking to establish a bitcoin reserve. We covered that the other day at as well. Meanwhile, Panama City's Bitcoin embrace Beyond hints of a reserve, Panama City also made notable strides in crypto adoption. Back in April, the city council approved using digital assets for public payments. Residents can now use bitcoin, ether and stablecoins to settle taxes, fines, permits and municipal fees. This makes Panama City the first government institution in the country to accept crypto and one of the earlier adopters worldwide for the public administration. Also shout out Panama City. Let me know if you've ever been there. Panama is pretty lit. I used to come into your neighborhood Starbucks to enjoy free refills of hot or iced brewed coffee or tea. So stop in and stay a while. Your free refill is ready at Starbucks. Visit starbucks.comrefills for details. Often visit Panama When I used to live in Costa Rica as I was surrounded by Panama and Nicaragua, so I'd often do my visa runs in Nicaragua because I lived in northern Costa Rica and Guanacaste province. But we'd also very often go to Panama. Panama City is pretty lit, it's highly developed and it kind of blew my mind. I remember real estate was booming there when I was there, like these little condos, high rises were like half a million dollars. I can only imagine real estate with inflation, how much it's appreciated since I was there. But just want to give a special shout out to Panama, Central America for the win. Latin America. Please stand up and you already know. So that's pretty major right there. All right fam. Now for our feature story of the day. The world is trying to hoard bitcoin right now, according to Eric Trump. He also said says he is fully confident that the bitcoin price will hit $1 million per coin. So here's the latest from the Trumpster Eric Trump, that is. There is an ongoing race across the world for the bitcoin accumulation, hence the term global hash war which was coined by Max Kaiser. So shout out Max. And according to Eric Trump, the second eldest son of U S President Donald Trump, speaking at the crypto conference in Toronto on May 15. That was yesterday. Shout out Toronto. Trump said that from families to government funds, everybody in the world is trying to hoard bitcoin right now. Everybody. It's going up forever. Laura. The remarks came during the panel at the Consensus 2025 sharing the stage with Asher Ganute, the CEO of the Bitcoin mining company Hut 8. You know, they just partnered together for the American bitcoin miner. Trump said bitcoin adoption has been incredible. That's an understatement. Quoting I'm here, I am traveling. Is that a hint that his little brother Barron Trump is time traveling? Reading between the lines here, but I digress. I'm on a plane, flat earth plane. Everybody in the world is trying to hoard the bitcoin right now. No kidding. Everybody. He reiterates. I hear it from sovereign wealth funds, I hear it from the wealthiest families, I hear from the biggest companies. So kudos to all my bitcoin fam who front rank all these governments, including the United States, you know, Trump and all of the rest, you guys deserve this. Trump described what he sees as two races in bitcoin number one, the accumulation race currently led by Mikey Sailor, he says, and the mining race number two, which marks his own involvement in the crypto space. President Trump's third child is co founder of the American Bitcoin, the Hut 8 subsidiary. And on May 12th the company announced American bitcoin would merge with with gryphon digital mining and a stock for stock transaction that will result in a public listen on the nasdaq. Let's get it. The size of the Trump family crypto ventures has grown considerably over several years. From NFT collections and mining to meme coins and stable coins. They're all in. Say that again. Critics say the ventures pose conflicts of interest and open the door to potential corruption. At various points, the democrats have called for investigations into the Trump crypto related activity, proposed legislation aimed at limiting potential financial gains from the Trump family from meme coins and walked out of a joint hearing on the digital assets citing concerns over the lack of discussion about the president's involvement in the crypto space. Senate Democrats withdrew their support for the bipartisan stablecoin bill amid the ongoing scrutiny of the president's crypto ventures, though a second voting session will come May 26 6. As we touched upon earlier, that's only 10 days out. And also this headline. Eric Trump confident the bitcoin price will hit 1 million. And that's a very bold quote right here. So I want to share this. Prominent American businessman, executive vice president of the Trump Organization and son of Obviously, the POTUS delivered a strike in prediction back on December 10th. That was a few months back. He confidently declared that bitcoin will someday reach a value of 1 million per coin. So if the Trump family is telling you bitcoin's going to a million, Cathie Wood says bitcoin's going to 2.4 million. Arthur Hayes says bitcoin's going to a million. JV says bitcoin going a million. Max Kaiser says bitcoin's going to a million. Samson Mouse says bitcoin's going to a million. Anyone that knows anything about bitcoin, we know with absolute Certainty Bitcoin will 10x to a million dollars. It's inevitable. I firmly do believe that. He also says it's a store of value. It's a hedge against inflation. It's a hedge against, against political turmoil, political instability, acts of God, hurricanes, fires, floods, tornadoes, guys, that's what makes it so powerful. And he also says people are slow as hell to adopt a new technology, underscoring the importance of the early adoption. And he also says America is going to lead the digital revolution and it's already happening. UAE adoption in full effect. Latin American adoption in full effect. Adoption all over the world. Nipinator indicator in play. Welcome everyone to the Q A segment. And don't forget to check out cryptonewsalerts.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.