
Bitcoin just achieved a new all-time high hitting $111,900 and is currently in price discovery mode.
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JV
The number one Bitcoin pod. And congratulations all Bitcoin haulers across the world. We hit a new all time high here today of109.888 just shy of110,000 price discovery still in play as we're hovering around 109 at the time of the live stream. This is going to be a historic day so let's freaking go. In today's show I'll be breaking the latest technical analysis down for you as we surpass 109 as well as breaking news, Texas House passes strategic Bitcoin Reserve Bill. That's right yo and check it. Bitcoin overtakes Amazon and Google to become the fifth biggest asset in the world. Game on. And quoting the High Priest Bitcoin Max Kaiser, did Javier Malay screw the pooch by embracing worthless shitcoins? Not loading up on bitcoin at under 100,000? That's precisely what he did Max. He screwed the pooch. Also, Genius act legitimizes stable coins for global institutional adoption Hong Kong passes stablecoin bill set to open licensing by the end of the year. Also Bitcoin blowoff top set at 128,000 with new all time highs. Insight price discovery baby. Also strive target 75,000 of the bitty from Mt. Gox claims to build their own Bitcoin treasury. Also bitcoin to skyrocket to 600,000 per coin as the S&P crashes 50% according to top analysts. 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. Today is Pot Episode 1998. I'm your host JV and a historic day. May 21, 2025. We just hit a new all time high. Virtually $100 shy of 110,000. That's a sexy bitty blackjack. Price discovery is in play. Higher numbers are on the way. And let's kick it off with coin360. The entire market pumping and jumping. Bitcoin above 1083 up 1 1/2% on the day. Ether in the green. XRP bulk of the entire crypto market. And checking out coinmarketcap.com the current crypto market cap has hit 3.41 trillion. We ain't seen nothing like this since we achieved the all time high in January. The bitcoin market cap also another divine omen. 2.1 trillion. Another 21 sexy bitty blackjack babe. And we have 166 billion worth of volume for the past 24 hours. Bitcoin dominance back on the climb 63.3%. Ether dominance back on the decline at 8.9%. Checking out Tundo. Crypto gainers past 24 hours and dog whiff hat leading the pack up 16% followed by Monero up 13% followed by PI up 12%. Which alt if any are your bullish on? For the bull holla. And checking out the crypto bubbles we get a visual perspective on the day. Safe to say everything is pumping in in the green. Even trump. Coin is up 5% on the day. I'd say like 90% green, 10% red. And zooming out for the week. And unfortunately the bulk of the market in the red. And zoom it out on the month to get the broader perspective. And I think it's all going to flip. Green. That's right because the entire market has been jumping. A lot of liquidity being added to the crypto sphere. And checking out the crypto green and fear index today we're a 70 greed. Yesterday 71, last week of 73 and last month of 39 in fear. And checking out the infamous time chain calendar if it ever loads. We're currently on block number 152, 286. My apologies. 152, 000 blocks to the next having we're on block number 897000714 and as of today how many sats per dollar? Let's see if this mofo loads. I say about nine. Yeah. Wow. Only 923 sats per dollar and that number is going to continue to shrink. Remember like it was yesterday. It was like 1500 sats per dollar. Those days are past us and by the time it's $1 per sat we'll be sitting at a hundred million dollar bitcoin price. So you know what to do. Pick up the sats, put down the gas, pick up some bitcoin caps from a man sergio over@bitcoin caps.net and if you don't know now you know bitty broskis and baddies with our TA AKA Astrology for the baddies. Headline reads Bitcoin hits new all time high of 109 as the trade war tensions ease and we also will pull up the live charts when we're done here. Bitcoin set a new high currently 109888 on Coinbase. Ryan Reynolds here from Mint Mobile. I don't know if you knew this but anyone can get the same Premium Wireless for $15 a month plan that I've been enjoying. It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to do@mintmobile.com.
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JV
Fee full terms@mintmobile.com Rising more than 26% in the past 30 days according to data from Trading View. The climb to the record high came nine days after the White House announced a 90 day trade agreement between the US and China on May 12, temporarily slashing those import tariffs to 10%. Cuz guess what? You can't tariff the bitty. The 90 day tariff suspension and the cooperative tone in negotiations remove the risk of sudden re escalation which had a significant impact on the risk appetite amongst the traditional cryp investors. Now U. S President Trump's reciprocal tariffs were seen as the biggest macroeconomic threat to traditional equities and crypto markets this year. Bitcoin briefly fell to a year to date low of 74, 000 and it's wild. That was literally a month ago on April 7, five days after Trump announced his reciprocal import tariffs on April 2, sending shock waves across the global markets, with the S and P losing more than 5 trillion in value and its largest drop to date. Bitcoin started its recovery April 9 after Trump's Libertarian Day marked the climax of uncertainty for the market participants. Meanwhile, Macau Van de Pop had some insights to share. Bitcoin entered May with the near flawless setup Flawless victory. Bitcoin kicked off May with a near flawless setup catalyzed by the rare alignment of the geopolitical de escalation and proven regulatory opics, optics and macroeconomic tailwind. The Russian Ukraine ceasefire talks have diffused one of the primary geopolitical volatility engines of the past two years. Rather than triggering capital flight from Bitcoin as often seen when risk wains, this easing is unlocking a risk on rotation. We are seeing capital rotate into bitcoin and high beta tech as the need for geopolitical hedging fades, but liquidity remains abundant. The capital rotation reflects maturing narrative as Bitcoin is no longer just a fear hedge, it's increasingly a high tech conviction, risk asset and periods of macro stability. Very well said. And you can see this post from Trump on Truth Social regarding Putin Russia, but I'm not going to read all that right now. But in a nutshell, Russia and Ukraine will immediately start negotiations towards a ceasefire. Very important and more importantly an end of the war. Can I get an amen? Fantastic. Still, funding rates need to remain neutral and open interest stable for a consecutive setup that may ignite a Bitcoin rally above 114 to 120 in play. Other analysts are suggesting 130000 or above before the end of the year. I mean, easy peasy, we may have 130000 before the end of May. But just saying now the increasing money Supply may push Bitcoin's price above 132 before the end of the year. Easy peasy. And investor demand is driven by the fiat money debasement growing, according to analyst Jamie Cows over at Real Vision. Now I also want to touch upon some other news and this was an article that was just published right before I went live. So I just want to touch upon it because it's a big deal. Texas House passes their Strategic Bitcoin Reserve Bill as you can see here, Texas State Representative Giovanni presenting SB21, the new Bitcoin law. The bill passed in the Texas Senate with a 25 to 5 vote on March 6. Initially, Texas's economy is the second largest in the US hence why it's a big deal with a gross domestic product of 2.7 trillion just in 20. So as more and more states are looking to adopt bitcoin, I believe there's currently 40 active with new Hampshire having the first movers advantage. I also want to point out some other breaking news. Bitcoin has officially overtaken Amazon and Google to become the fifth biggest asset in the entire world. You can see currently number one is gold at 22 trillion. And Bitcoin's coming for your head, kid. Watch out Peter Schiffmeister. And quoting the high priest, your holiness Max Geyser, did Javier Malay screw the pooch? I love that quote. I've never heard that before. That phrase by embracing worthless coins and not loading up on bitcoin under a hundred thousand. I think you're right, Max. He did absolutely screw the pooch. Mess that one up. And let's also pull up the live charts because I promise to do so first. I saw another super coming from Jason Buck, my homie with a bitcoin orange. What up CNA fan? Bada boom about a bitcoin. This Kong strikes for you brother. Thank you so much Jason. We're 40 way 40 of the way to our goal. If we can get six more supers at $5 or more here on our YouTube channel, we will do a very special bonus pump watch today and we'll let it rip all night. New all time highs. We currently have 888 live viewers on the stream right now we're try streaming live on x rumble and YouTube. And again this stream for the pod is typically two hours. And if we do do the bonus pump watch, we'll keep this mofo going for like 10 hours. Whatever it takes broskis. But let's do that now. Pull up some of the live chart. We'll do some live chart action. Jackson Satisfaction. Like a young Bo Jackson. You feel me? Look at that green target. All the charts are lit right now. Yo, like bring facts as doobie. I'm just saying. Bullish pennant 116 in play. Obviously a new all time high today has already been hit.
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JV
The blue right here. Shout out Papa Smurf at110.5. That's a sexy bitty blackjack and zooming out from the one hour. Next up we'll scope out the four hour and see how we're looking here. I don't know, there's a little jet lag on the trading view today but nonetheless we'll be here shortly. There you go. Okay. Bullish pennant formation sensation. Also very similar target to the one hour chart. It's going to be 116, I dare say. Yep, 116 three bullish pennant. So the one hour is bullish, the four hours bullish. And let's continue to work our way backwards, get some broader perspectives here. Next up we're pulling up the daily chart and then the weekly chart and then the monthly chart. The daily chart says it's going up forever. Jv. We also have a rising wedge here. We've been building momentum all pretty much all week since the weekend and bitcoins have has not been disappointing. We also have a bull target on the daily currently in the red here sitting at 111, 000 again Sexy Bitty Blackjack 110, 111 in play. We may hit both those shortly today during the live stream, especially during the pump watch. Heck, we can go to 120 000. We're ripping like a new Scotty Pippin and checking out the weekly chart. We still have the sexy cup and handle. Target and play. Rising wedge formation. I want you to pay attention to the 1, 2, 3, 4, 5, 6, 7. Green candle closes. One is still open. The seventh one. But the past six weeks we have closed in the green. Bullish momentum has resumed since we hit Q2, which is a beautiful thing. And we still have a hundred I believe 124, 000 target in play. It's kind of covered on the screen but there you see it. Cup and handle. 124, 000 in play according to the weekly chart. And that can happen literally overnight. It can happen during the pump watch. Anything is possible. Bitcoin has no top. Fiat has no bottom. Orange penny night briskies and zooming out on the monthly. As you can see here, last month we had a nice green candle close and may has not been disappointing. We're up almost 30% in the past 30 days. The most bullish month we have had since the inception of the Genesis block is the big green candle. You can see a few months back in November. And who knows this may may defeat that bullishness. There's just no telling what a Janet Yellen Finance Just saying. But there you have it. Crypto bros and next up, we're going to discuss big news regarding the genius stablecoin act bill passed from Cynthia Lummis. This was like a big story yesterday. We didn't really cover it on the pod because it happened virtually right after, but anyways, headline reads genius act legitimizes stablecoins for the global institutional adoption. Stablecoin adoption amongst institutions can surge as the U. S. Senate prepares to debate a key piece of legislation aimed at regulating the sector. After failing to gain support from key Democrats May 8, the Genius act passed the U.S. senate in a 66 to 32 procedural vote May 20, which was yesterday and is now heading to the debate on the senate floor. The bill seeks to set clear rules for stablecoin collateralization to mandate compliance with anti money laundering tax avoidance. Anyways, this act doesn't just regulate the stables, it legitimizes them. It sets clear rules. And with clarity comes confidence. Mr. Gensler, if you're watching, that's what institutions have been awaiting for. Stablecoins aren't a crypto experiment anymore. They are a better form of money, faster, simpler and more transparent than the fiat. It is only a matter of time before they become the default and most likely I, I assume the same thing. I think stable coins will replace the fiat currencies because it's ultimately programmable fiat currency at the end of the day. Now the genius act may be the first step towards establishing a unified digital financial system which is borderless, programmable and efficient. Perfect for the lizard folk. When the U. S Moves on stablecoin policy, the world watches. Republican Senator Ms. Lummis, the CO sponsor of the bill, pointed to Memorial day as a fair target for the potential passage. And they said that the regulatory clarity alone will not drive this institutional adoption. Products offering stable and predictable yield will also be necessary. Falcon finance is currently developing a synthetic yield bearing dollar product designed for this market. So ultimately a competitor versus storing fiat in the bank, which is, you know, a melting ice cube. And where do you get 0.001% interest nowadays? Yeah, I mean, so what if they were to pay, just Hypothetical, they say 4% on your money. I think it would encourage a lot of people to do that versus waste their money like a melting ice cube in the bank. And what do we call them, folks you already know? Yield bearing stables now represent 4 1/2% of the total stablecoin market after rising to 11 billion. You got to love that number in total circulation. Despite broad support for the genius act, some critics say the legislation does not go far enough this episode is brought to you by Lifelock. Not everyone is careful with your personal information, which might explain why there's a victim of identity theft every five seconds in the US. Fortunately, there's LifeLock. Lifelock monitors hundreds of millions of data points a second for threats to your identity. The if your identity is stolen, a U S based restoration specialist will fix it, guaranteed or your money back. Save up to 40% your first year by visiting lifelock.com podcast terms apply. Chief Operating Officer at Bitget shared that the build unfully addressed the offshore stablecoin issuers like Tether which continue to play an outsized role in the global liquidity. And last I checked the tether market gaps like 150 billion. There's no one even remotely close as far as other stable competitors. He added that the U S based issuers will now face deeper costs like accelerating consolidation across the market and favoring well resourced players that can meet the new threshold. Still, Zade acknowledged that the legislation can bring the greater stability to be regulated offerings depending upon how it ultimately worded and how it is enforced. And here you have the man of the hour. I mean that's the Tether CEO Powell, a low and again the biggest stablecoin provider in the world and they're headquartered in Bitcoin country in El Salvador. For the win. And if you didn't know, Tether USDT is considered a registered security in El Salvador so it's legal to use all other altcoins. Everything besides Bitcoin and Tether are considered illegal. So just FYI, Bitcoin being obviously a legal tender and Tether being register security. Everything else is an unregistered register security in Bitcoin country. Next story of the day. Let's discuss what's going on in Hong Kong as we have been touching upon Stable coins should be able to see on your screen. There you go. Hong Kong Passive Stablecoin Bill set to open Licensing by the end of the year where my Hong Kong Bitcoin dawns at. Hong Kong's Legislative Council passed the stablecoin bill, paving the way for the regulated framework that can position the region as the global leader in digital assets. This is significant to me just because I love Bruce Lee who is from Hong Kong. The Dragon Bitcoin 2024 Year of the Dragon Just saying. It is expected that by the end of the year major institutions will be able to apply to the Hong Kong Monetary Authority to become licensed stablecoin issuers. According to the new Hong Kong legislation, Stable coins must be backed by fiat currency as underlying assets, they said Hong Kong is welcoming global enterprises and institutions institutions interested in issuing stable coins to apply to Hong Kong, offering to personally assist with introductions and collaboration. Quoting them here. I'm also happy to facilitate connections and collaborate with all stakeholders to advance the development of Web3 in Asia and globally with Hong Kong at the center. Let me know if you guys ever visited Hong Kong. It's actually a pretty lit place to be, ng said. My favorite what are they called Dumplings I've ever had. I lived in China, but Hong Kong's way cooler than China, the mainland at least and the dumplings in Hong Kong were the best dumplings I've ever had in my life. Just had to throw it out there. But anyways, they marked the first step towards the road towards Building the Web3 Infrastructure in Hong Kong. The most crucial step is to develop the more real world applications, they said the stablecoin adoption has the potential to drive innovation in retail payments, cross border trade and peer to peer transactions. The ADITY encourages the development and adoption of stable since they represent the major financial innovation regarding enhanced in market stability, suggesting distributing interest earnings to the stablecoin holders. Providing interest will strengthen the competitiveness of the stable coins. This increased competitiveness, he explained, incentivizes broader participation and expand stablecoin market share precisely because what what do you get with fiat? You virtually get no yield. You're really losing to inflation. And that's just a fact, Jack. In fact it's a blackjack and also remark that the yield bearing stables are more competitive. Following the recent positive of data, research indicates yield bearing stables have soared to 11 billion 11 a divine omen in circulation representing 4.5% of the total stablecoin market. A steep climb from the 1 1/2 billion and 1% market share from the start of last year. And the stablecoin market hasn't even scratched the bitty surface. Just saying. But yeah. Next story of the day. Bitty Brosis, Bitty baddies and ladies and gents, we're going to discuss 128 incoming. Next logical target as we per some of this TA from the analysts, Bitcoin blowoff top set at 128 with the new all time high in sight. Well, we already hit the new all time high and guess what? We'll probably continue hitting new all time highs for the next six months at least is my speculation. So here you're looking at the one day chart again. We already achieved the exact number on Coinbase is 19888 and you know what eight means? It's omen for intelligent infinity. Tapping into that God candle you already know Volatility picking up. That's right. And if you shorted bitcoin you're a and if you dumped bitcoin like the country of Germany did at 50 something thousand. Very idiotic. You may want to recreate some of those stupid laws. Just saying. Order book liquidity data from Coin Glass showed thickening bid support below 106. And remember that long that added like a few hundred million to its position. Yeah, somebody's crushing it right now. Keith Allen of Material Indicators highlighted several moving averages which currently the hundred thousand mark the 2025 yearly open as potential long term support retest zones. As he.
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JV
And restrictions may apply shared here the 50 day moving average on a trajectory to the golden cross for the 200 day moving average, you can't really ask for a stronger technical support than that. Also, we just had the strongest daily close of all time. We also had the strongest weekly close of all time. So all signs are pointing towards continued price discovery. So let's dive a little deeper into the particular target of 128,000. Next as per crypto analyst Maau Van Day Pop, it's always a good morning when Bitcoin's at 108 and close to a new all time high. Precisely. And he also said that the new all time highs were approaching faster than anticipated. 120, he said, was one of several imminent targets extending up to 200,000 per. Pretty little bitty going up forever Laura Elsewhere another trader agreed that 116 as the next short term biddy price target seeing bitcoin exploding out of consolidation pennant Quoting Merlin the Great right here. Massive bullish bitcoin pennant breakout. Bitcoin coiled for days now exploding this Pennant points at 116. We're just getting started. Ride the wave or watch it fly away. That's right. Another trader posted A chart here showing 128 as the blow off top while identifying support area now 105 and 96 as support continues to build. We're about to break out of this firmament. New all time highs in play. The million dollar question becomes how high will she climb? You guys let me know in that chat. We'll flip it into a pump watch. Thanks to you guys. So thank you so much for all the support. Once again, give it yourselves. Next headline here reads strive target 75,000 of the bitty from Mt. Gox claims to build their very own Bitcoin treasury and it seems like there's a new Bitcoin treasury company being birth every week. Vivic Ramani Strive oh you remember Vivic is looking to build its bitcoin holdings by purchasing distressed bitcoin claims at a discount. Smart man. Starting with claims tied to 75,000 of the bitty at the bankrupt crypto exchange Mt. Gox, Strive said on May 20 regulatory filings that it partnered with 117 Castell Advisory Group to target claims to the bitcoin that have received definitive legal rulings but are still awaiting distribution. The company said buying the claims would allow it to purchase the bitcoin at a discount and grow its bitcoin per share ratio ahead of its plan reverse merger with asset entities, which is expected to be completed sometime middle this year. Strive hasn't disclosed any bitcoin holdings, but claims it'll face fewer restrictions on purchasing bitcoin than companies going public through special purpose acquisition company mergers. I'm surprised Michael Saylor's not in a bidding war for this discounted bitcoin. I bet you the entire world would be bidding on it. Strive said it would need shareholder approval to pursue the Mount Gox claims. The company said it intends to lodge a filing with the SEC to outline the the full terms of the proposed transaction. Meanwhile, a proxy statement would then be sent to the shareholders to seek the approval. Strive would need to obtain shareholder approval relatively soon as Mount Gox is expected to fully repay its creditors on Halloween October 31st. And also, the Japan based Mount Gox was the largest bitcoin exchange before it collapsed in 2014 from the security breach resulting in the theft of 750,000 bitcoins. Good Lord. Strives Pivot to become a Bitcoin treasury company reflects the broader industry trend as more firms look to hold bitcoin on their balance sheets as the long term strategic asset. Meanwhile, 21 Capital is another newly launched bitcoin treasury firm that has received the backing from the likes of Tether Softbank and Canter Fitzgerald The Jack Mueller's led firm plans to launch with 42,000 bitties once it completes the blank check merger with the Canterbury Equity Partners. Then we have asset entities. Asst is the ticker. A social media market company that Strive announced would merge on May 7 to create the Bitcoin investment company has seen its share close price on May 20, trading up 18 to 7.74. The latest share price bump brings its market cap to 122 million and asst is now up 1170 percent since Drive announced the merger plan. Hence why so many publicly traded companies are doing this. Strive is expected to own 94 of the combined entity once the reverse merger is officially complete, while Asset Entities will hold the remaining 5.8%. The merge companies will be named Strive and Asset Entities and will still trade under the ASST Ticker. Another one bites the dust and another one down and another one down. Another one bites the dust. Ah, that's all I'm saying. I'm not selling because I don't have any. Precisely, Mr. Corvette. You can't sell what you don't have. Now for our feature story of the day. Bitcoin to skyrocket to 600000 per coin as the S P 500 crashes 50% according to this analyst. So let's break it down. The analyst of the day is Freddy Krueger. Nightmares on Elm street this episode is.
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JV
It's like Nightmares on Fiat Street. More like it as Bitcoin continues to flirt with the all time high. Currently in price Discovery Fam we did tap roughly 110,000 here today. And yeah, US skyrocketing to 600,000 is virtually a 6x from the current price action. And imagine that within 90 days. That's the kicker. While the S P 500 collapses by 50%. That's right. Prominent market commentator Freddy Krueger detailed his prediction in a 10 part thread yesterday. Painting the hyper bullish picture for the biddy powered by monetary instability, institutional biddy adoption and a full scale flight from traditional markets. That's right. Freddy Krueger is Basing his thesis on the catastrophic breakdown in the U. S financial stability beginning with the failed 200 billion dollar treasury auction in late July 2025. And according to his projection weak demand for the US debt will potentially force the Fed into emergency intervention sparking a crisis of confidence in the US dollar. Now within weeks the bricks nations led by economic heavyweights China and Russia will announce a go back global payment system speeding up the decline of the US dollar dominance and pushing Prelo Biddy to 180G's baby. And then by August the investor claims the situation will escalate dramatically while the major U S Pension funds possibly halting redemptions will force the Fed to impose the yield cap control that should cap the treasury rates at 6 and a half percent while the dollar goes into a free for all. Meanwhile, countries such as Nigeria, Turkey, Venezuela will ostensibly start shifting foreign reserves into the pre little bitty going up forever Laura pushing the price of 265000 with gold potentially rallying to 6700 per ounce. And the Peter Schiffmeister is doing backflips again in his living room. The most explosive phase in the 600000 timeline doesn't arrive till September when Krueger predicts several U. S tech titans including Apple, Tesla, Google reveal huge bitcoin holdings with the iPhone maker allegedly accumulating as much as 200000 of the biddy since April. At this juncture he postulates that the crypto price will have reached 463,000 per pretty little bitty. Additionally, the expert speculates the IMF will make a historic move announcing a new global reserve basket with bitcoin making up half of it gold covering 30% and the remaining 20 taken up by the other assets. And by early October. That's right Krueger. And that's a special 10 right there for Chandy. Krueger claims the US government will be forced to convene an emergency new Bretton woods summit where it will restructure the dollar to be partially backed by the bitty and gold. And it is in this macro maltrom that he sees the king crypto of course bitty hitting 600,000, no diddy, gold reaching 10,000 in the S and P losing half of the value. And while Krueger's road map reaps like financial fiction, Bitcoin has shown some of the resilience and bullish momentum he is basing his prediction on. For instance, for Christ's sake, Bitcoin's up roughly 30 over the past 30 days hit new all time high today. Anything's possible. Bitcoin has no top. Fiat has no bottom. Let me know if you agree Disagree with the analysts. 600000 within the next 90 days. Yay. Nay. Summer, summer, summertime, summertime with the biddy. Let me know. And welcome everyone to the Q A segment of the live stream. Make some noise. We're about to flip this mofo into a pump. Watch. Jamming out to the candy jams. Summoning The Bitcoin Rooster. Dragon 222 in play. Mr. Facts. I got that bitcoin swagger, you got that bitcoin swagger? We got that bitcoin swagger? Stacking stats, feeling bad looking sharper than a dagger? You still on fiat, man that's tragic. Bitty got me moonwalking that's magic Prince of popping blocks thrown on chain Bitty moon stepping in the hall of fame where you savings at on a chain, bro? That's why I strut like I own the rainbow Drippy with the cold wallet witnessing with action Diddy don't stall it Diddy fashion full stack polish stacking up proof not empty wallets? I got that bitcoin swagger, you got that bitcoin swag. 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 Sam.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 1998: Bitcoin Hits New ATH Sets Stage to Skyrocket to $600K As S&P Crashes
Release Date: May 22, 2025
Host: Justin Verrengia
In Episode 1998 of Crypto News Alerts, host Justin Verrengia delves into a landmark day for Bitcoin, discussing its surge to a new all-time high (ATH) and the broader implications for the cryptocurrency market amidst significant macroeconomic shifts. This comprehensive summary captures the key discussions, technical analyses, regulatory developments, and bold predictions made during the episode.
Timestamp: [01:00]
Justin Verrengia (JV) enthusiastically announces Bitcoin's surge to nearly $110,000, marking a historic milestone. He states:
"We hit a new all-time high here today of $109,888, just shy of $110,000. Price discovery is still in play as we're hovering around 109 at the time of the live stream. This is going to be a historic day so let's freaking go."
Key Points:
Timestamp: [06:22]
JV presents an in-depth technical analysis, highlighting various chart patterns and future price targets:
"Bullish momentum has resumed since we hit Q2, which is a beautiful thing. And we still have a hundred I believe $124,000 target in play."
Key Insights:
Notable Quotes:
Timestamp: [11:31]
A significant legislative milestone is discussed as Texas House passes the Strategic Bitcoin Reserve Bill:
"Texas State Representative Giovanni presenting SB21, the new Bitcoin law. The bill passed in the Texas Senate with a 25 to 5 vote on March 6."
Key Points:
Notable Quotes:
Timestamp: [22:59]
JV covers pivotal regulatory advancements for stablecoins in both the U.S. and Hong Kong:
"The Genius Act legitimizes stablecoins for global institutional adoption. Stablecoin adoption amongst institutions can surge as the U.S. Senate prepares to debate a key piece of legislation aimed at regulating the sector."
Key Developments:
Impact:
Notable Quotes:
Timestamp: [28:30]
One of the most ambitious forecasts in the episode is JV’s discussion of analyst Freddy Krueger’s prediction:
"Bitcoin to skyrocket to $600,000 per coin as the S&P crashes 50% according to top analysts."
Forecast Highlights:
Supporting Arguments:
Notable Quotes:
Timestamp: [19:45]
JV reports on Strive’s strategic move to acquire distressed Bitcoin claims from the collapsed Mt. Gox exchange:
"Strive is expected to own 94% of the combined entity once the reverse merger is officially complete."
Key Points:
Notable Quotes:
Timestamp: [22:59]
Further elaboration on Hong Kong’s Stablecoin Bill and its significance:
"Hong Kong's Legislative Council passed the stablecoin bill, paving the way for the regulated framework that can position the region as the global leader in digital assets."
Key Insights:
Notable Quotes:
Throughout the episode, JV actively engages with his audience through live chats and Q&A sessions, fostering a vibrant community spirit. The episode concludes with interactive segments where listeners share their insights and excitement about Bitcoin’s trajectory.
Episode 1998 of Crypto News Alerts presents a bullish outlook for Bitcoin, underpinned by technical advancements, favorable regulatory changes, and bold market predictions. Justin Verrengia emphasizes the transformative potential of Bitcoin amidst evolving financial landscapes, encouraging listeners to stay informed and engaged as the cryptocurrency continues its ascent.
"Bitcoin has no top. Fiat has no bottom."
Stay tuned to Crypto News Alerts for daily updates and in-depth analysis of the ever-evolving cryptocurrency market.
Stay Informed with Crypto News Alerts: For the full premium experience with video content and live Q&A sessions, visit cryptonewsalerts.net.
HODL!