1997: “Global ‘BondPocalypse’ Will Send Bitcoin to $2,200,000” - Max Keiser

Summary

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News Episode 1997: “Global ‘BondPocalypse’ Will Send Bitcoin to $2,200,000” - Featuring Max Keiser Release Date: May 21, 2025
Host: Justin Verrengia

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1. Market Overview and Technical Analysis

Justin Verrengia opens the episode with an enthusiastic update on Bitcoin's recent performance, highlighting that Bitcoin has recaptured 107 new all-time highs. He provides a detailed technical analysis, emphasizing Bitcoin's proximity to significant price milestones:

• Bitcoin Price: Up 1% for the day, currently around $107,000.
• Market Cap: The cryptocurrency market cap has risen to $2.121 trillion, which Justin notes as a "divine omen" (00:55).

He discusses the dominance shift in the crypto market:

• Bitcoin Dominance: Increasing to 63.3%.
• Ether Dominance: Declining to 9%.

Notable altcoin performers include:

• Pendle: Up 9%
• A: Up 8%
• Curve DAO: Up 6%

Justin remarks, “Checking out coinmarketcap.com, the current crypto market cap back on a rise, baby. $2.121 trillion,” (00:55).

2. German Government's Bitcoin Sale Misstep

One of the significant stories covered is the German government's decision to sell Bitcoin at $57,000, which has led to substantial missed profits:

• Initial Sale: 49,800 BTC sold for approximately $2.9 billion (11:56).
• Current Value: Had they held, their Bitcoin would now be worth over $5.24 billion, not accounting for recent surges (12:18).

Miguel Morel, founder of Aram Intelligence, is quoted:
“The last thing I would have expected is that they would just go to five different exchanges and start to market selling idiots” (13:21).

Justin underscores the mishandling by stating, “They sold Bitcoin like idiots at $57,000,” (11:56).

3. Genesis Files Dual Lawsuits Against DCG and Barry Silbert

Justin and his co-host delve into Genesis’ legal actions against its parent company, Digital Currency Group (DCG), and CEO Barry Silbert:

• Lawsuits Filed: Genesis is seeking to claw back $3.3 billion through two lawsuits (14:30).
• Allegations: Claims of fraud, reckless mismanagement, and siphoning over $1 billion from Genesis (15:48).

The Chief Financial Officer of DCG, Michael Cranes, along with other executives, are accused of:

• Sham Transactions: Conducted to deceive lenders about Genesis's financial health.
• Benefits to DCG: Enriching DCG’s investments at the expense of depositors (16:53).

Justin summarizes, “In total, Genesis is seeking to recover more than $3.3 billion,” (17:08).

4. US Senate Advances Genius Act Stablecoin Bill

The episode highlights the US Senate's progress on the Genius Act, a pivotal stablecoin regulation bill:

• Vote Outcome: Passed with a 66-32 vote (19:53).
• Key Provisions: Requires stablecoins to be fully backed, undergo regular security audits, and obtain approval from federal and state regulators (22:12).

Senator Mark Warner states, “We cannot allow the corruption to blind us to the broader reality. Blockchain tech is here to stay” (21:24).

Despite initial blockages over concerns about Trump’s crypto ventures, the bill is moving forward, with expectations to be debated on the Senate floor by May 26th (19:53).

5. El Salvador’s Aggressive Bitcoin Accumulation

El Salvador continues its robust Bitcoin strategy, with holdings surging to $644 million:

• Initial Investment: $287 million, now translating to over 124% profit margin (23:52).
• Strategy: President Bukele remains steadfast despite IMF conditions aimed at limiting crypto engagement (25:34).

Justin notes, “El Salvador’s geothermal and Panama’s hydroelectric will power the Bitcoin revolution,” (24:22).

6. Featured Story: Max Keiser’s Bond Apocalypse Prediction

The centerpiece of the episode is Max Keiser’s dire prediction regarding a global bond crisis:

• Prediction: A “Bond Apocalypse” will drive Bitcoin’s price to $2,200,000 (26:57).
• Reasoning: Japan’s forced sale of $1.2 trillion in U.S. Treasury bonds disrupts the yen carry trade, leading to massive capital shifts into Bitcoin (27:41).
• Max’s Quote: “The global Ponzi scheme has taken 20 years to finally burst the yen carry trade” (28:35).

Justin elaborates on the technical aspects, suggesting that a liquidation event of over $3 billion in short leveraged positions could trigger Bitcoin’s explosive rise. He states, “Bitcoin 2.2 million in play even if we fall short of the 2.2 million target and only achieve 50% $1.1 million still in play” (32:57).

7. Technical Analysis and Future Projections

Justin provides an in-depth technical breakdown:

• Chart Patterns: Bullish pennant formations on the one-hour and four-hour charts, with targets around $112,000 (09:28).
• Historical Context: Mentions the 2017 rally, drawing parallels to current market conditions, and notes that Bitcoin’s potential 100x growth is “inevitable” (07:21).

He forecasts, “A break above Bitcoin's all-time high of $110,000 would initiate a price discovery phase, driving Bitcoin into uncharted trading ranges” (07:18).

8. Community Engagement and Final Thoughts

The episode concludes with Justin encouraging listeners to engage with the content and participate in live Q&A sessions. He emphasizes the bullish sentiment, stating, “Markets are lit right now,” and urges the community to support and share the episode to amplify the Bitcoin revolution.

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Notable Quotes:

• Justin Verrengia (00:55): “Checking out coinmarketcap.com, the current crypto market cap back on a rise, baby. $2.121 trillion. It's 2121. Tell me that's not a divine omen, fam.”

• Miguel Morel, Aram Intelligence (13:21): “The fact that they are going to do so many different exchanges just reads like they're trying to get as much liquidity from each order book as possible.”

• Senator Mark Warner (21:24): “We cannot allow the corruption to blind us to the broader reality. Blockchain tech is here to stay.”

• Max Keiser (28:35): “The global Ponzi scheme has taken 20 years to finally burst the yen carry trade.”

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Conclusion:

Episode 1997 of Crypto News Alerts delivers a comprehensive analysis of the current Bitcoin landscape, intertwined with significant geopolitical and regulatory developments. From Germany's costly Bitcoin sale and Genesis's legal battles to the US Senate's strides in stablecoin regulation and El Salvador's unwavering Bitcoin strategy, the episode encapsulates the dynamic and often tumultuous nature of the cryptocurrency world. The highlight, Max Keiser's bold prediction of Bitcoin reaching $2.2 million amidst a global bond crisis, underscores the profound optimism and critical perspectives that fuel ongoing debates within the crypto community.

Stay informed and ahead of the curve by tuning into future episodes of Crypto News Alerts. HODL!

Transcript

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[JV]

Welcome Bitcoin fam to the One Bitcoin Pod Bitcoin just recaptured 107 new all time highs in play in today's show. I'll be sharing the latest technical analysis. We'll also be discussing German government missed out on $2.3 billion profit after selling Bitcoin like idiots at 57,000. Also breaking news Genesis Files dual lawsuits to claw back 3.3 billion from DCG and Barry Silver. We'll also be discussing US Senate moves forward with their genius status stablecoin bill as well as El Salvador bitcoin countries. Bitcoin holding surged to 644 million generating 357 million in unrealized gains. We'll also be discussing Bitcoin will go much much higher as US Government needs to borrow more money than we think according to Arthur Hayes Just Blaze. Also breaking news from Max Kaiser quoting him here yen terry trade explodes. Japan forced to sell 1.2 trillion in U.S. treasury bonds. Bitcoin carry trade goes vertical. The speculative attack on FE fiat money spikes higher as capital flees the low yielding fiat money and plows into the high yielding Bitcoin. 2.2 million in play. He also says the bond apocalypse is coming, hence 2.2 million in play baby. We'll also be taking a look at.

[Co-Host]

The overall crypto market. All this plus so much more in today's show.

[JV]

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 1997 I'm your host JV. It's May 20, 2025. It looks like today is going to be the big day. We recapture all time highs. We're only $2,000 away at this current moment in time which is so exciting to say the least. But kicking it off with our market watch as we do each and every day. Pulling up coin360. Should be able to see here on your screen. Bitcoin up 1% on the day hang at around 107. Ether in the red barely and XRP in the red down one and a half percent on the day. While bnb, Salana and Tron all pumping and in the green and checking out coinmarketcap.com the current crypto market cap back on a rise baby. 3.35 trilly the bitcoin market cap, right? Wow, look at that. 2121. 2.1 trillion. It's 2121. Tell me that's not a divine omen, fam. And checking out top 100 crypto. Oh, let's not forget about the dominance. 63.3. Bitcoin dominance back on the rise. Ether dominance back on the decline at 9%. Top 100 crypto gainers past 24 hours. Looks like we got Pendle leading the pack up 9% followed by A up 8% followed by Curve DA up 6%. 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 on the daily. As you can see here, Safe to say I'd say 75, 25 green over red. Zooming out on the weekly.

[Co-Host]

Unfortunately the bulk of the entire market in the red. And zooming out on the monthly. Silver lining, the bulk of the market in the green. Impressive gainers across the board. And checking out the infamous crypto green inter index. Today we're 71 greed. Yesterday 74 last week at 70 and last month of 37. In fear and checking out the infamous time chain calendar we have 154,000. I'm sorry, 152414 blocks into the having of 2028 and we're currently on block number 897 586. And today you can only receive 938 SATs per dollar. Remember a couple of weeks ago you could have got like 14, 1500 sats per dollar. Well this number is going to continue to go down as the dollar continues to lose purchasing power against the preload bitty going up forever. Laura. So you Know what to do. Pick up the stats, put down the gas and pick up some bitcoin caps from a man, sergio [e-mail] get yourself a customer Bitty exclusive.

[JV]

But yeah, now let's transition into our astrology for the bros and the baddies. And we'll pull up some of the live charts which are looking lit right now. Bitcoin ready to vaporize the shorts. Once price discovery above 110 begins, will today be the big day? Let me know here. You're looking at a one month chart. Bitcoin is 11 days from potentially setting its highest monthly candle clos in history. After achieving a record weekly close of 1064 May 18. Bitcoin can secure a new monthly high by closing above 1024 this month. And I think it's a given with respect to the current market trend. Bitcoin is inches away from price discovery, only 2,000 away. We're within striking distance. A break above Bitcoin's all time high of 110 would initiate a price discovery phase, driving Bitcoin into uncharted trading range with successive higher highs until the market participants establish a new equilibrium between supply and demand. Bitcoin is close to confirming a golden cross on the daily chart which has historically preceded 45 to 60% price rallies.

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[JV]

Such a move coincides with the probability of Bitcoin hitting new highs today. I dare say a monthly close near 110 would mark 15 to 17 gain for Bitcoin in May, its strongest May performance since 2019. This would significantly surpass the historical average monthly return of only 8% per month. So we're well ahead of schedule. Now the chart shows us this compression often signals an impending breakout with historical precedent set in 2017, the rally when Bitcoin surged from 20,000 from a th000. That was my inauguration year. When I got started in bitcoin, the bulk of my accumulation was at 1500 and I did the math. I am virtually up 7000% on my Bitcoin holdings. I'll let that sink in. It's virtually a 70x. So can Bitcoin do 100x.

[Co-Host]

Absolutely freaking lutely.

[JV]

Can it do another 100x from where we are today?

[Co-Host]

Absolutely. I dare say it's inevitable.

[JV]

But what are your thoughts now?

[Co-Host]

Using Bollinger bands alongside the price range suggests the volatility is building within the current cycle. The third compression phase in 2025 mirrors the 2017 cycle.

[JV]

Let's go where the bitcoin having events.

[Co-Host]

And supply shocks fueled retail FOMO driving major price rallies. Now what if we were to 20x? That means Max Kaiser's target of 2.2 million is in play. I repeat, 2.2 million in play. Now from the vantage point of a Bitcoin liquidation, over 3 billion in short leveraged positions are at risk of being liquidated if the Biddy price moves to 110 from 105. In contrast, it would take a drop to 94000 to trigger a similar amount in long liquidations. Yeah, I don't see that happening. This school suggests a higher probability of a price pushing upwards to chase liquidity on the sell side rather than dropping lower. In fact shared yesterday, I think during the Q and A I said bitcoin's more likely to go to a billion dollars per coin than zero. Let that sink in. Now technical analyst shared here. A liquidation magnet is glowing above 107 ready to vaporize billions in shorts. First bitcoin soared on fear. Next it'll rise on the liquidations. Anyone shorting bitcoin right now is our tarted. Just saying. What are you, Jim Kramer? But anyways, fam, next, I promise to pull up some of the live charts because they're looking so freaking lit right now it's not even funny. So let's pull up the live charts. A little live chart action Jackson Satisfaction for the Broskis. Here you're looking at a one hour chart via Coinbase, via trading View Bullish scenario in play. Bullish pennant formation Sensation sitting at 116 346. Price discovery on the daily chart. Also a rising wedgie formation. Historically very bullish. Zooming out from there we take a look at the hour as we continue to work our way backwards. Broskis. And on the four hour chart, very green bullish candle as you can see, formed here this morning. Also a bullish pennant formation. And a bull pennant formation. Target sitting at 116,300. Very similar to the one hour chart.

[JV]

So one hour chart, bullish. Four hour chart bullish transitioning into the daily chart. The daily chart says it's going up forever jv. And as you can see, the Day is already off to a great start. May 20th mark this day in your calendar. A day to remember. New all time highs in play also 117 or actually it's 111. Just shy of $112,000 target on the daily chart. So all the charts thus far extremely bullish. Suggesting price discovery in play. Zooming out for the weekly we have the sexy cup and handle target which has been on the screen literally for several months sitting at 124,000. Now what I want to bring your attention to is how many green weekly candle closes consecutively do we see? 1, 2, 3, 4, 5, 6. And we're off to our seventh green consecutive week. Nothing short of bullishness since we have transitioned from Q1 to Q2. 2025. Historically Bitcoin shows us the year after the having. Somewhere between 12 to 18 months after the having which we just recently had In April of 2024, we hit the cycle peak. So we have like another five months. Most likely a pure bullish momentum unless there is a extended cycle where we just continue the bullish mom throughout the year and potentially into the next year which historically would be bearish. But there's no telling as you know, bitcoin has no top because fiat has no bottom and the pre low money printer go brrr. And zooming out a little further, taking a look at the monthly that's right last month green candle closed this month already forming in the green. So you already know markets a lit Right now Germany. The people there are turning around disgusted at the fact their government lost them roughly two and a half billion dollars for being arted and having the bulls or I should say the balls. My bad to sell their Bitcoin at 57,000 like idiots. But that'll be our next story today.

[Co-Host]

All right.

[JV]

Next story of the day yo.

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[JV]

Here's the latest from Germany's r tarted move. Do you guys remember the big story Several months back they sold a substantial amount of bitcoin their government at 57,000. Then Bitcoin went on to surge to time high surpassing 100,000. Which means they've missed out on now.

[Co-Host]

Probably above two and a half billion dollars.

[JV]

Let this be a lesson for all.

[Co-Host]

The other countries around the world. Listen up. The German government missed out on more than 2 billion worth of bitcoin profit after selling its holdings in 2024, according to Blockchain intelligence firm Aram. The German government labeled crypto wallet sold 49800 bitcoin worth over roughly 2.9 billion at an average price of of 57,000 across multiple transactions during June and July of last year. The decision to sell the bitcoin early cost the German government roughly two and a half billion, according to Aram Intelligence. If they had held it, their bitcoin would now be worth 5.24 billion. That was before this morning's pump. Just keep that in mind. So bitcoin has risen more than 80% since the sale and the German government labeled wallet first race speculation of a potential selloff back on June 19th last year when it executed 6500500 BTC transfer worth 425 milli. The wallet originally held 50,000 Bitcoin believed to have been seized from the operators of Movie 2K, a now defunct pirated film site.

[JV]

The wallet selling patterns point to hasty transactions that weren't optimized for the smallest market impact and the best profitability. According to Miguel Morel, founder of Aram. Quoting him here, the last thing I would have expected is that they would just go to five different exchanges and start to market selling idiots. The fact that they are going to do so many different exchanges just reads like they're trying to get as much liquidity from each order book as possible. The report surrounding the German government's bitcoin liquidations may have contributed more to the bitcoin downtrend than the volume of sold BTC. The Bitcoin price recovered above the 60000 psychological mark. July 14, a day after the German government labeled Wallet ran out of bitcoin, putting an end to investor uncertainty about the future selling pressure. So all I had to do was huddle for a few more months and they wouldn't have lost out on two and a half billion dollars. But I mean you can't fix stupid. Hopefully the United States and the rest of the world can learn from it and use that as a learning opportunity. Right?

[Co-Host]

Next story of the day we discussed Germany's stupid mistake now. Genesis 3.3 billion dollar lawsuit. Yo, that's right.

[JV]

Headline reads Genesis filed dual lawsuits to.

[Co-Host]

Claw back 3.3 billion from DCG and Barry Silbert so let's break it down. Genesis has launched a pair of lawsuits against the parent company Digital Currency Group and its CEO Barry Silbert, accusing them of fraud, reckless mismanagement and siphoning more than a billion dollars in value from the now bankrupt crypto lender. That's right, May 19, the Delaware Court of Chancery unsealed the complaint detailing how the DCG allegedly used Genesis as a corporate ATM draining fund through self serving loans and concealed transfers while presenting a false image of financial health. Through their court appointed litigation oversight committee, Genesis Creditor claimed that over a million digital coins worth about $2.1 billion were funneled away even as Genesis edged towards a collapse. And as per the complaint, Genesis creditors are still owed roughly 2.2 billion worth of the crypto assets, including over 19,000 BTC, 69,000 ether and 17 million other tokens, along with significant unpaid fees and interest as of February 9, 2025. At the core of the lawsuit is the claim that Silbert and other insiders ignored basic risk controls and pushed Genesis into reckless lending practices that ultimately served to benefit DCG's Crown Jewel Grayscale investments. That's right.

[JV]

The complaint describes Genesis as having operated without a board of independent oversight, with key decisions made to enrich DCG at the expense of depositors. In particular, Silbert, Cranes and Murphy Orc orchestrated sham transactions at the end of the second and third quarters of 2022 when Genesis books closed to deceive Genesis lenders into believing DCG was providing liquidity and equity to Genesis, according to the complaint. So this is all allegedly Genesis also said it was forced to accept illiquid grayscale bitcoin trust. We all know GBTC shares as collateral and was barred from selling them, creating major valuation risks quitting them again. GBTC was illiquid because it could have not been sold for six months after the purchase due to the lockup period imposed by the sec. And DCG prohibited Genesis from reselling GBTC even after the lockup period ended. The complaint names DCG Barry Silbert, former Genesis CEO Michael Morrow and former DCG Chief Financial Officer Michael Cranes. DCG President Mark Murphy and DCG's investment.

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[JV]

At McDonald's partners as the defendants. So this is all going down I guess and soon to be litigated here. The second complaint filed in the U S Bankruptcy court for the Southern District in New York alleges DCG and its affiliates withdrew over 1.2 billion in US dollars in crypto during the year leading up to the Genesis bankruptcy. These withdrawals, the LOC argued were time around major market events such as the collapse of Terra Luna Three Arrows Capital ftx moments when Genesis was already insolvent. Internal filing suggest insiders recovered 100 of their funds. Not surprise while retail and institutional creditors were left exposed. And I'm so sick of seeing this time and time again these baseless lawsuits recycle the same tire two year old claims in an opportunist attempt by sophisticated investors to extract additional value from DCG they shared. We worked in good faith with a wide range of stakeholders to try to achieve a comprehensive resolution of the DCG related aspects of the Genesis bankruptcy. We will vigorously defend ourselves against the these spurious claims. I guess that was their clap back. And in total Genesis is seeking to recover more than 3.3 billion through the two lawsuits. Quite a hefty chunk of change. And in April 2025 the New York judge ruled that most of the New York Attorney general civil fraud lawsuits against dcg, Silbert and former Genesis CEO can move forward.

[Co-Host]

The suit accuses DCG and his bankrupt lending arm Genesis of misleading investors after the collapse of the crypto hedge fund Three Arrows Capital, allegedly masking 1 billion dollar shortfall with a 10 year low interest promissory note. And while Gemini and Genesis have settled, DCG and executives have fought the charges. Genesis file for bankruptcy early 2023 with 14 billion in outstanding loans. And if you don't know now, you know that's pretty wild, yo.

[JV]

Now also got to keep in mind.

[Co-Host]

GBTC before it transitioned its trust into Bitcoin ETF after the ETFs got approved by the SEC, which they didn't get approved till January of 2024. So prior to that GBTC was like the largest holder of bitcoin in the world. I remember they surpassed 400000 Bitcoin then once they converted their product after the.

[JV]

E test went live, it's been nothing but outflows. But maybe that explains what's really been going on. And then ironic enough, a few weeks ago I saw Barry Silbert doing an interview talking about he found the next best Bitcoin or something like that. So you can't make this up, but nonetheless, we'll see how it all fares out. Sounds like DCG needs a trip down the old poop chute. Something like that.

[Co-Host]

U S Senate Moves Forward with the Genius stablecoin Bill that's right, U S Senate voted to advance a key stable.

[JV]

Coin regulating bill after Democratic senators blocked an earlier attempt to move the bill forward over concerns about Trump, Trump's sprawling crypto empire.

[Co-Host]

Haters Key procedural vote on the guiding and establishing national innovation for the U S stablecoin act, better known as the Genius act, passed in a 66 to 32 vote yesterday, May 19. Several Dems, including Mark Warner, Adam Schiff, is he related to Peter Schiffmeister and Reuben Gallagher, changed their votes to pass the motion to invoke the cloter. What the hell's a clutcher? Cloture, Whatever. Which is now set for the bill to debate on the Senate floor. Republican Senator Cynthia Lumis Shout out to Cynthia for ghosting the Ripple CEO Garling House and not doing a meeting with them, which is kind of hilarious. One of the bill's key backers said on May 15 that she thinks it is a fair target to have the Genius act passed by May 26th. Memorial Day in the US six days out. Let's go. Several Democratic senators withdrew support for the bill May 8, blocking the motion to move it forward, citing concerns over potential conflicts of interest involving Trump's crypto ventures and the bill's anti money laundering provisions. Warner expressed concerns about Trump's crypto ventures in a statement before the vote, but said the US Couldn't afford to keep standing on the sidelines while the crypto industry evolves.

[JV]

Quoting them here we cannot allow the corruption to blind us to the broader reality. Blockchain tech is here to stay. If American lawmakers don't shape it, others will, and not in ways that serve our interests or Democratic values.

[Co-Host]

Meanwhile, Democratic Senator Elizabeth Warren, AKA Pocahontas.

[JV]

The longtime crypto hater, was one of the strong opponents, not surprised of the stablecoin bill, arguing before the vote that it failed to address Trump's blatant crypto corruption. What about your corruption, Ms. Senator Warren? Now, Trump and his family have recently launched various crypto projects, including Meme Coins, a crypto platform that's wlfi, the crypto mining company American Bitcoin, and plans to go public with a stable coin that has quickly grown to be the seventh largest by value. Quoting him or her here, Trump and his family have already pocketed hundreds of.

[Co-Host]

Millions of dollars from his crypto ventures.

[JV]

Now Trump says he didn't profit anything from it when I heard him. So just FYI, this is allegedly and.

[Co-Host]

They stand to make hundreds of millions.

[JV]

More from the stable coin USD 1 if the bill passes.

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[JV]

That's not a good reason not to pass a bill. Just saying Trump's gonna get richer. Who cares about Trump's wealth? It's about the people and what's in our best interest. You are tards. Senator Bill Hagerty introduced the Genius Act February 4th which seeks to regulate nearly 250 billion dollar stablecoin market currently dominated by Tether and Circles, USDC and FYI. There's a bidding war right now for USDC between Ripple Labs and Coinbase and I hear it north of $10 billion. Now the bill requires stablecoins to be fully backed, have regular security audits and approval from federal state regulators. Only licensed entities can issue stables while ag algorithmic stable coins are restricted. Hagerty's stablecoin bill bills on the discussion draft he submitted for the former representative Patrick McHenry's clarity of payment Stable Coins act in October. So it seems like a done deal. We all knew that was coming because you know, stable coins have been fully embraced by Trump and the entire Trump administration, which is pro crypto and in.

[Co-Host]

Crypto we need stable coins.

[JV]

So you already know. Let's transition into our next story of the day. The latest from El Salvador and then.

[Co-Host]

The latest from your holiness max Kaiser predicting 2.2 million with the bond apocalypse amongst us. But first, here's the latest from El Salvador Bitcoin country. Their bitcoin holdings surged to 644 million. It's now even higher because Bukele was just flexing as the bitcoin price continues to rise. But why? The IMF has required limitations on public sector crypto engagement. As part of the 1.4 billion loan agreement which was more recent, El Salvador's bitcoin office has continued purchasing. One biddy per day keeps the doctor away and keeps the IMF away. This strategy appears to have paid off the country now holds a massive trove of unrealized gains, probably now close to 400 million driven by Bitcoin's recent rally inches away from all time high. We're roughly 2000 away at the time of the live stream price discovery in play. President Bukele shared a screenshot on X revealing that the Bitcoin of El Salvador's portfolio is now worth more than 644 million and was built on an initial investment of 287 million. As such, this has translated into over 124 profit margin. Despite ongoing scrutiny from the global financial institutions, El Salvador has remained firm in his Bitcoin accumulation strategy. Bukele, the philosopher king who led the move to legalize the bidding in 2025, the first country to do so, has a means of boosting financial inclusion and consistently dismiss external pressure to roll back the program. And according to the data compiled by Bitcoin Treasuries, the Central American countries holding of 6181 BTC position is as the sixth largest sovereign Bitcoin holder across the world with the US topping the list followed by China, the UK, Ukraine, Bhutan. I don't know why they left out North Korea.

[JV]

Because the Lazarus group allegedly has like 200000 Bitcoin which is really more than the United States because the United States claims to have 200000 but they never showed us the proof of reserves. And also roughly 100000 doesn't belong to them. It belongs to Bitfinex. As per samson mountain. The OGs then know what they're talking about. So I digress. Last December El Salvador agreed to scale back as bitcoin focused policies as part of the financial agreement with the imf. But we found out later that was FUD because they really haven't rolled back their buying spree. The package included a 1.4 billion loan and is expected to total 3 1/2 billion. But it came with conditions that aim to reduce the crypto activity in the country fdimf. They previously warned the possible risk tied to El Salvador's holdings like as if they care about El Salvador the people, right? Hilarious. Complying with the deal, lawmakers approve reforms January this year such as making bitcoin accepted instance optional in which it always was. Just FYI nothing changed there. Bukele made it clear that crypto remains a central part of his vision. No, Bitcoin remains a central part of his vision.

[Co-Host]

Coins are illegal.

[JV]

The only alternative coin which is not illegal in from my understanding in El Salvador is registered security tether USDT which is a stable coin as they actually have a headquarters out there. However, all all other altcoins are considered unregistered securities and can land you in.

[Co-Host]

Prison for promoting them.

[JV]

Just FYI. So Mr. Garlinghouse you may want to stay out of and Mr. Hoskinson you may want to stay out of Bitcoin country. But just saying. Now for our featured story of the day. Bitcoin $2.2 million in play as the global bond apocalypse is a coming warns Max Kaiser, your holiness himself. So let's actually start with some recent tweets that Max just recently shared. I'm going to read them to you out loud. This one here he put Yen Carry trade explodes. Japan forced to sell 1.2 trillion and U S U S Treasury bonds Bitcoin Carry trade goes vertical the speculative attack on Fiat.

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[JV]

Parts, money spikes higher as capital flees the low yielding fiat money and plows into the high yielding Bitcoin. 2.2 million in play. Meanwhile Bukele sitting back with his feet on his desk like a boss, he also recently tweeted this slow motion train wreck, the pin popping. The global Ponzi scheme has taken 20 years to finally burst the yen carry trade.

[Co-Host]

Look it up.

[JV]

Has provided liquidity to keep 2, quadrillion worth of derivatives afloat and is now unwinding. Is this the finale of the Fourth.

[Co-Host]

Turning a global bond apocalypse ushering in depression two point the ultimate safe haven. Bitcoin 2.2 million in play.

[JV]

And now let's dive a little deeper.

[Co-Host]

Into the particular article featuring Max right.

[JV]

Here I'm going to read this to you. Max Kaiser, Bitcoin advisor to President Bukele, has taken to his account on X to publish both a major warning and a bitcoin price prediction. Again, 2.2 million in play. Kaiser retweeted an extra next post published by the Prophet who speaks of the Japanese financial situation being worse than that of Greece. He mentions the debt to GDP in Japan being more than 260%. The rising jpg yields a collapsed in yen and the bank of Japan losing control of the bond market and the Japanese capital fling into the U.

[Co-Host]

S assets.

[JV]

Bitcoin in particular. The tweet calls this the major inflection point not only for Japan but for the entire world, adding that the majority of the people have no idea what this means. I mean, the high priest has spoken. Kaiser commented on this, calling the situation in Japan a slow motion train wreck that is about to finally bust. He also mentions the yen carry trade with its flow of capital from Japan into the U S bond market. He stated that this strategy has provided liquidity to keep $2,000,000,000 worth of derivatives afloat and it's now collapsing. Max predicts that this global crash of the bond markets, the bond apocalypse as he refers to it, is ushering in depression 2.0. Max believes that bitcoin being the ultimate safe haven, is bound to reach 2.2 million as the global economic conditions continue to worsen. Let me know your thoughts on that. And speaking of Max, I'm actually going to go to his X profile and just scope out some of the recent tweets. See if there's anything brand new I can share with you. Make sure you're following Max, of course on X he wrote here the pro USD stablecoin camp thinks creating private issuers of fake US dollars will solve the problem of the US government issuing worthless fiat money US dollars to infinity. Exactly. The solution to the exploding debt problem is to stop printing to infinity. Simple. Not creating more entities that can also print to infinity. Common knowledge this private US dollar or.

[Co-Host]

The private US dollar printers are converting the fake money into bitcoin.

[JV]

But the US government is too stup.

[Co-Host]

It to see they're being rug pulled. Bitcoin 2.2 million in play.

[JV]

I dare say 20x baby.

[Co-Host]

Let's send it and get a repost from me. Make sure you guys repost Max. Post right there as well and shout out Max. Of course. I greatly appreciate every time he reposts any of my content. That's why yesterday we had close to 8, 000 people on the live stream. I'm just going to read you just in case you missed yesterday's episode. This was the feature story the mayor of Panama City, Mayor Mizrachi had a meet up with Matt Jackson. Stacy. Ms. Rachi assessed that this meeting was the only the beginning of great things to come after posting Bitcoin reserve earlier on X. El Salvador's geothermal and Panama's hydroelectric will power the bitty revolution. And for those that missed that news. Bitcoin strategic reserve incoming for Panama. As I wrote here, El Salvador's geothermal and Panama's hydroelectric will power the Bitcoin revolution and the revolution will not be televised. Make sure you guys repost these posts that Max reposted as well. That way we can help orange pill more of the masses. I'm going to do that right now right here. Live it in the flesh. Bada boom about a bitcoin. And as you can see here, Marty Bent shared Max reposted. Are the Japanese using Meta Planet as a bitcoin proxy flight exactly to safety as their government bond market melts down. I think that's precise what they're doing. Look. Meta planet up roughly 60% on the week and it's been nothing but parabolic their stock since adopting a bitcoin strategy. And they just made another massive purchase of over a thousand bitcoin which we shared on yesterday's pod. Bitcoin just hit a new all time high in Argentina. Weak currencies first then all of them. They're all going to zero against the pretty little bitty because pretty low. Pity is going up forever Laura.

[JV]

So you already know fam. Let me know your thoughts. 2.2 million in play even if we fall short of the 2.2 million target and only only achieve 50% 1.1 million still in play.

[Co-Host]

2024 Dragons we don't slay dragons. We are dragons that slay hosting season's.

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[JV]

You feel me as you already know. Welcome everyone joining the live stream. This is the Q A segment of the stream and we'll most likely flip this into a pump watch. 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.