1999: “Bitcoin Is On Track To 10x Skyrocketing to $1,100,000 THIS Cycle”

Summary

Podcast Summary: Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode: 1999: “Bitcoin Is On Track To 10x Skyrocketing to $1,100,000 THIS Cycle”
Host: Justin Verrengia (JV)
Release Date: May 23, 2025

---

Introduction

In Episode 1999 of Crypto News Alerts, host Justin Verrengia delves into the bullish trajectory of Bitcoin, predicting a potential 10x surge to $1.1 million in the current cycle. This comprehensive episode covers the latest market analysis, significant regulatory developments, institutional investments, and expert predictions that underscore Bitcoin's growing prominence as a leading financial asset.

Market Overview

Bitcoin's Price Surge

Justin begins the episode by celebrating Bitcoin's unprecedented price milestones. As of the day of recording, Bitcoin has surpassed $111,000, with real-time observations hitting $112,000.

• JV: “[05:30] Bitcoin continues to rally to surpass $110,000.”
• Crypto Analyst: “[03:19] This may be the all-time high.”

Crypto Market Capitalization

The overall cryptocurrency market is experiencing robust growth, with a total market cap climbing to approximately $3.5 trillion.

• JV: “[00:40] We're at 111,000. Already touched upon 112,000. We're in price discovery, the most exciting time of the four-year cycle.”
• Crypto Analyst: “[04:10] Crypto market cap is back on the rise, currently at 3 and a half trillion.”

Dominance Metrics

Bitcoin maintains a dominance of 63.1%, while Ether stands at 9.1%, indicating Bitcoin's continued market leadership.

• Crypto Analyst: “[03:21] Bitcoin dominance 63.1%. Ether dominance 9.1%.”

Top Gainers

The episode highlights top-performing cryptocurrencies over the past 24 hours:

• Whirlcoin: +37%

• Zcash: +18%

• Hyper Liquid: +17%

• JV: “[03:19] Whirlcoin leading the pack up 37%, followed by Zcash of 18%, followed by Hyper Liquid up 17%.”

Key News Stories

Happy Pizza Day and Its Significance

JV commemorates Bitcoin Pizza Day, reflecting on the historic first Bitcoin transaction where Laszlo Hanyecz spent 10,000 BTC on two pizzas, now valued at approximately $1.1 billion.

• JV: “[12:05] Happy pizza day. [...] 10,000 Bitcoin is worth $1.1 billion. The most expensive pizza in history was mindboggling.”

BlackRock's Bitcoin ETF Inflows

BlackRock's Bitcoin ETF (IBIT) experiences significant inflows, reaching $530 million on May 21, comparable to its single-day inflow on May 5.

• JV: “[25:20] Black Rock's Bitcoin ETF notches two-day high inflow as Bitcoin nears 112,000. May 21 net inflow was 530 million, [...]”
• Crypto Analyst: “[26:03] IBIT accumulated over 4,931 BTC against just 450 Bitcoin produced for the day. Can you say supply shock only a matter of time.”

Texas House Passes Strategic Bitcoin Reserve Bill

The Texas House of Representatives has passed SB21, establishing a strategic Bitcoin reserve managed by the state’s comptroller. This legislation allows investment in cryptocurrencies with a market cap above $500 billion, effectively qualifying Bitcoin.

• JV: “[21:16] Texas House of Representatives passed SB21, establishing a strategic Bitcoin reserve managed by the state’s comptroller.”
• Crypto Analyst: “[21:24] If Abbott signs SB21 into law, Texas will be the second U.S. state to allow the creation of a crypto reserve.”

Stablecoin Legislation Progress

David Sacks, the crypto czar and advisor to former President Trump, announces that the Stablecoin Bill (Genius Act) is poised to pass the Senate with bipartisan support. This legislation aims to provide legal clarity for stablecoins, potentially unlocking trillions in demand for U.S. Treasuries.

• Crypto Analyst: “[16:52] The administration expects the stablecoin bill to clear the Senate with bipartisan backing.”
• JV: “[17:19] The stablecoin bill's progress comes despite controversies surrounding the Trump family’s crypto dealings.”

Technical Analysis

Bullish Chart Patterns

JV and the Crypto Analyst conduct a detailed technical analysis, identifying bullish pennant formations on both one-hour and four-hour charts, targeting approximately $116,300. The daily charts show three consecutive green candles over the past week, reinforcing the bullish sentiment.

• JV: “[05:30] One-hour chart shows a bullish pennant at $116,300.”
• Crypto Analyst: “[05:37] On the four-hour chart, we also have a bullish pennant with a target at 116.”

Price Discovery Phase

Bitcoin is currently in a price discovery phase, a critical period in the four-year cycle where the market determines new price levels.

• JV: “[06:20] We're currently in price discovery. We may be above 112,000 sometime during today’s live stream as well.”

Expert Predictions and Insights

Personal Prediction by Host JV

JV shares his personal bullish scenario, predicting Bitcoin could reach $1.1 million within this cycle.

• JV: “[28:18] My personal bull scenario is 1.1 million this cycle.”

Predictions from Industry Leaders

1. Max Kaiser: Predicts Bitcoin could soar to $2.2 million by 2030, considering macroeconomic factors and institutional adoption.

   • JV: “[30:19] Max Kaiser predicts 2.2 million which makes my bull scenario look like child's play.”

2. Adam Back: CEO of Blockstream forecasts Bitcoin could hit between $500,000 and $1 million in the current cycle.

   • JV: “[31:10] Adam Back believes Bitcoin can surge between 500,000 and a million during the current cycle.”

3. CZ (Changpeng Zhao): CEO of Binance aligns with the prediction, suggesting Bitcoin could reach up to $1 million.

   • JV: “[29:14] CZ, the founder of Binance, also calls for Bitcoin to go up to 1 million this cycle.”

4. Anthony Scottamucci: Suggests that reaching one billion active wallets would correspond with Bitcoin hitting $1.1 million.

   • JV: “[28:51] Anthony Scottamucci says by the time we have a billion active Bitcoin wallets, Bitcoin will be at 1.1 million per coin.”

BlackRock and Institutional Investments

BlackRock’s substantial investment, accumulating over 530 million in Bitcoin ETFs, signifies growing institutional trust and demand, potentially leading to a supply shock and further price increases.

• Crypto Analyst: “[26:48] ETF trading volume soared to the current level, which was last seen in January.”

Regulatory Developments

Stablecoin Bill Implications

The Stablecoin Bill aims to establish a regulated framework for stablecoins, backed by U.S. Treasuries and dollar deposits. Despite opposition from traditional banking sectors wary of decentralized financial competition, the bill is expected to pass, enhancing the legitimacy and stability of stablecoins.

• JV: “[16:52] The stablecoin bill could trigger trillions of dollars in demand for U.S. Treasuries by unlocking stablecoin growth under clear rules.”
• Crypto Analyst: “[19:26] Banks are against the bill as it poses a direct threat to the central banking system.”

State-Level Bitcoin Reserves

Following Texas, other states like New Hampshire have initiated their strategic Bitcoin reserves, with numerous bills introduced across 26 states and 13 active at the federal level.

• Crypto Analyst: “[24:10] Greg Abbott is expected to sign the bill into law, further solidifying Texas as a crypto hub.”

Community and Cultural Highlights

Celebrating Bitcoin Pizza Day

The episode honors Laszlo Hanyecz’s historic Bitcoin transaction, emphasizing the transformative value of Bitcoin over the past 15 years.

• JV: “[12:05] Let’s shout out Laszlo for making the first Bitcoin transaction. Today, 10,000 Bitcoin is worth $1.1 billion.”

Engagement with Listeners

JV encourages live interaction, celebrating the community’s support as Bitcoin reaches new heights.

• JV: “[35:38] Thank you guys. We’re going to extend the pump and do a pump watch all evening.”

Conclusion

Episode 1999 of Crypto News Alerts presents a highly optimistic outlook for Bitcoin, supported by significant market movements, institutional investments, and favorable regulatory developments. With expert predictions ranging from $500,000 to $2.2 million, and Bitcoin's dominance continuing to grow, the episode underscores a strong belief in Bitcoin's potential to revolutionize the financial landscape.

Final Notable Quotes:

• JV: “[28:18] I believe 2025 will be the cycle peak. My bear scenario is 222,000. My base case is 420,000. Yes, I am 100% based for the Brosis Happy 420 bull scenario.”
• Max Kaiser: “[30:19] Bitcoin 2.2 million in play.”
• Adam Back: “[31:10] Bitcoin can surge between 500,000 and a million during the current cycle.”

Stay tuned for future episodes as Crypto News Alerts continues to provide in-depth analysis and updates on the rapidly evolving cryptocurrency market.

Transcript

[Lowe's Advertiser]

Now more than ever, Lowes knows you don't just want a low price, you want the lowest price. And with our lowest price guarantee, you can count on us for competitive prices on all your home improvement projects. If you find a qualifying lower price somewhere else on the same item, we'll match it. Lowes we help you save price match applies to same item current price at qualifying retailers. Exclusions and terms apply. Learn how we'll match [e-mail] lowest price guarantee.

[Crypto Host JV]

McCrispy strips are now at McDonald's. I hope you're ready for the most.

[Lowe's Advertiser]

Dippable chicken in McDonald's history.

[McDonald's Advertiser]

Dip it in all the sauces. Dip it in that hot sauce in your bag.

[Lowe's Advertiser]

Dip it in your McFlurry.

[Crypto Host JV]

Your dip is your business.

[McDonald's Advertiser]

McCrispy strips at McDonald's.

[Crypto Host JV]

Happy 111 Bitcoin fam. That's right, we hit 1111 1111. So you already know the God frequency in full effect. Congratulations all bitcoiners across the the world. In today's show, I'll be breaking down the latest bitcoin technical analysis and quoting the double champ Conor McGregor. First man to win two belts in the cage. First fighter to walk in as president. First president to put bitcoin on Europe's balance sheet. Ireland wins. Europe watches. Let's make it happen. Ireland strategic bitty reserve. Also happy pizza day. Today was the infamous day the 10,000 bitcoin purchase for the two pizza pies now valued at like $1.2 billion. The most expensive pizza in history was mindboggling. Also we'll be discussing Trump's crypto czar David Sachs says the stablecoin bill is going to pass as well as big news. Yesterday Texas house passed their strategic bitcoin reserve bill. Another one bit us. Also Black Rock's Bitcoin ETF not just twoe high as the inflows near to 112. In fact we did literally touch 112 exactly as per the current top via coinbase. Also be discussing billionaire Vivic Ramsawani announces plans to acquire 75,000 bitcoin under his new corporate entity. Also we'll be discussing Bitcoin's path to 1.1 million less than a 10x away whilst we taking a look at that overall crypto market sexiness. 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 [e-mail] again that's crypto news alerts.net today is episode number 1900 99. I'm your host JV. It's May 22, 2025. Yesterday we re entered price discovery smashing 110,000 sexy bitty blackjack. And today look at your screen we're at 111,000. Already touched upon 112,000. We're in price discovery, the most exciting time of the four year cycle. And we're in the thick of it right now. Kicking off today's show with our market watch as we do each and every day. You can see preload bitty up 2.65% on the day we have ether in the green, the bulk of the entire market pumping, which is a beautiful sign. Checking out coinmarketcap.com the crypto market cap back on the rise as well. Currently at 3 and a half trillion.

[Crypto Analyst]

This may be the all time high.

[Crypto Host JV]

I don't really recall us ever being this high ever before. Correct me if I'm wrong. And checking out the bitcoin market cap 2.2 trillion for the win. Bitcoin dominance 63.1%. Ether dominance 9.1%. Checking out top 100 crypto gainers past 24 hours. We have Whirlcoin leading the pack up 37% followed by Zcash of 18% followed by Hyper Liquid up 17%.

[Crypto Analyst]

Let me know which all if any.

[Crypto Host JV]

You'Re bullish on for the bull. And checking out the bu bu. We get a visual perspective on the daily. Safe to say the bulk of the entire market doing pretty phenomenal. Fart coins up 11.1%.

[Crypto Analyst]

I mean what are we going to do?

[Crypto Host JV]

But yeah, everything in the green. Like I'd say 95% of the market on the daily for the weekly, very similar situation.

[Crypto Analyst]

And zooming out for the monthly, virtually everything in the green.

[Crypto Host JV]

So if you're in crypto, you really can't be complaining right now. And checking out the crypto greed in fear index we 72 greed yesterday at.

[Crypto Analyst]

70 last week at 70 last month of 47 which is neutral. And checking out the infamous time chain Calendar, we have 152,140 blocks until having 2028. Currently on block number 897, 860 and how many SATs can you exchange or per dollar as of today's exchange rate? And once the time chain calendar refreshes, I'll be able to share the data.

[Blinds.com Advertiser]

Wow.

[Crypto Analyst]

900 sats per dollar. And it's the infamous pizza day. So it's congratulating us. Happy Pizza day. Look at that. 900 sats per dollar. Soon it'll be less than 800 sat 706-5-432. And by the time it's 1 sat per dollar we're talking about a 100 million dollar bitty price action. So you know what to do Bitty Broskis. Pick up the SATs, put down the gas and pick up some bitcoin caps from my man sergio [e-mail] if you don't know now you know.

[Crypto Host JV]

And we're gonna transition into our TA AKA Astrology for the baddies. And we'll also pull up the live charts as we do each and every day. But first let's start with the headline right here. Bitcoin continues to rally to surpass 110000.

[Crypto Analyst]

For the first time. That's right.

[Crypto Host JV]

We also had 111000 and even 112000 as of today for the first time.

[Crypto Analyst]

So check it, let me know if.

[Crypto Host JV]

You were watching our live stream during that time. We did a pump watch for like.

[Crypto Analyst]

10 hours last night and we did get to witness 111,000 live and in.

[Lowe's Advertiser]

The flesh which was put us in a box. Go ahead. That just gives us something to break out of because the next generation 2025 GMC terrain elevation is raising the standard of what comes standard. As far as expectations go, why meet them when you can shatter them. What we choose to challenge, we challenge completely. We are professional grade. Visit gmc.com to learn more.

[Crypto Analyst]

Pretty fantastic.

[Crypto Host JV]

So yeah, Bitcoin continues to do its.

[Crypto Analyst]

Thing surgeon and hit new all time highs.

[Crypto Host JV]

We're currently in price discovery. We may be above 112000 sometime during.

[Crypto Analyst]

Today'S live stream as well. Heck, we could be 115 000. There's no telling. The reality is Bitcoin has no top because Fiat has no bottom. One of my FA favorite famous Max Kaiser quotes there.

[Crypto Host JV]

Bitcoin's new peak comes as US stock.

[Crypto Analyst]

Markets were rattled by the 20 week year bond auction which sent treasury yields soaring yesterday May 21. The S&P 500 fell 80 points in a half hour while the NASDAQ mirrored the move with the US indexes trading down on the day. CEO of Australian Crypto Exchange said that Bitcoin's new hive reflects a mature interest in digital assets worldwide, not the speculative surge seen in the past. Today's demand is driven by the institutional grade infrastructure and stronger regulatory clarity. Investor sentiment has shifted decisively reflecting institutional style allocations according to the Google Trends searches for bitcoin have been trending down since November. Ironic because we hit the 100,000 for the first time. I believe that was back in November and we had a 30, 30,000 rise up for that month, which is still to this date the most price appreciating month in bitcoin of all time. But who knows we may break it this month of May. And meanwhile the crypto greed and fear index still pretty high indicating greed. Edward Carroll, head of global markets over at MHC shared the growing demand driving the price higher and the medium term couldn't push bitcoin to at least 160000 per coin by the fourth quarter and even 1 million by 2030. And stay tuned because I'm actually going to be sharing you with with you later. My personal prediction of 1.1 million this cycle along with some other major Bitcoin OGs who are thinking along the same lines, tapped into that God frequency that 1111 energy.

[Crypto Host JV]

Meanwhile, leverage trader James Wynn his bitcoin long position on the crypto platform Hyper liquidity has become the largest on chain margin trade when it exceeded 1.1 billion amid Bitcoin's price peak. So somebody crushed it. The entry point was for a 40x leverage position which was at 108 and it had an unrealized Prof. 20 million and it will be liquidated if bitcoin price falls to 103 and clearly we're still pumping. So I would assume that the position is still active. But if he did close it, he'd have pretty significant realized gain there. But with that being shared, also want to point out, shout out to the former double champ, Conor McGregor, the first double champ in UFC history. He tweeted this morning, first man to win two belts in the cage. The first fighter to walk in as president, first president to put bitcoin on Europe's balance sheet. Ireland leads, Europe watches. And as you know, last week we covered in the pod, he's proposing for adopting a strategic bitcoin reserve for the country of Ireland and running for presidency for the country of Ireland. And I dare say he's the most famous Irishman to ever come out of Ireland. Name another more famous individual from Ireland than Conor McGregor and he is a big bitcoin proponent. So I love to see that. I know I put some. I had to do his billion dollar strut right there. And then of course I put strategic bitcoin reserve. Let's freaking go. How fantastic would that be for Ireland? We also have adoption coming out of Panama. Big Announcements on the way at the conference. I would imagine as the, you know the mayor is going to be there with Max and Stacy. So a lot of exciting news in the markets all across the board and pulling up some of the live charts. Let's do a little live chart Bitty action Jackson Satisfaction here. Looking at the one hour chart, it shows us we do have a clear, decisive green bull scenario. Bullish pennant formation Sensation sitting at $116,300 and that's in play right now. It's not too far from where we're at. We're practically a half a God candle away and we've witnessed God candles so you already know. And checking out the four hour, which is a ten hour price action by the way, on the four hour chart we also have a bullet, a bullish pennant and we also have a very similar target in the green at 116 I believe. Yep, 116. Three bullish pennant, very bullish chart as well. You can see all the bullish momentum. Sorry Bears, but go hibernate and do what you guys do best and you can come back another time. And checking out the daily as you can see here, we've had nothing but bullish momentum for the past three days, which is excellent. Past six weeks I dare say has been nothing short of bullishness. No particular targets on the daily chart for the Bulls, but let's zoom it out a bit further and we'll scope out the weekly which should still show that we have a rising wedge here. And we do have a target which I believe is the 124Bada boom about a bitcoin cup and handle target. And as you can see, 1, 2, 3, 4, 5, 6. We're on our seventh green consecutive week which is very rare. So this is pure bullishness as we're on our next leg up and we're currently in price discovery and zooming out from there.

[Crypto Analyst]

And this is the moment we've we.

[Crypto Host JV]

Live for Broskis and zooming out for the month.

[McDonald's Advertiser]

Out here there's no one way of doing things, no unwritten rules and no shortage of adventure. Because out here the only requirement is having fun. Bank of America invites kids 6 to 18 to golf with us for a limited time. Sign them up for a free one year membership, giving them access to discounted tee times at thousands of courses. Learn [e-mail] golf with us what would you like the power to do? Bank of America restrictions apply. CP BFA.com Golf with US for complete details Copyright 2025 bank of America Corporation.

[Crypto Host JV]

Also very bullish month of May surpassed the green candle already from the previous month of April. And most likely we'll just continue. This is the most bullish time of the cyclical cycle. And if you don't know, now you know. Next story of the day.

[Crypto Analyst]

We did the ta right next.

[Crypto Host JV]

Up next headline. Happy pizza day. First and foremost, let me read you the story. And here's a picture. Like, this is awesome, bro. Fifteen years ago today, Laszlo Hany X.

[Crypto Analyst]

Spent 10,000 Bitscoin, which was known as the very first bitcoin transaction of all time. At the time, it was worth 30 bucks on two Papa John's pizzas. Here are the pizzas. And here's a picture with his kids. Today, 10,000 Bitcoin is worth $1.1 billion. You know what else is ironic? Remember when Max gave Alex Jones the opportunity to get 10,000 bitcoin again? More recently, about a year ago on the Alex Jones Show 10, Alex Jones just fumbled the bag for 1.1 billion again. And all he had to do was answer five of the most simplest bitcoin questions that any bitcoiner would know. Like, who is the creator of bitscoin? Alex is like, don't hit me with these trick questions, Max. They're too difficult. But I just wanted to throw that out there because it's another 10,000bitcoin story. But happy pizza Day. Oh, this is kind of a big deal around here in bitcoin. So let's dive a little deeper and shout out Laszlo for having the balls to make that first bitcoin transaction. I mean, because he could have huddled that and obviously created some generational wealth, to say the least.

[Crypto Host JV]

But yeah, we all know today as the infamous bitcoin pizza day. No Diddy. Just saying.

[Crypto Analyst]

And no pizza gate.

[Crypto Host JV]

Just saying. By surpassing Amazon in terms of market cap, which we did also do yesterday, bitcoin attracted even more attention from the non crypto audience. The latest rally will strengthen the confidence in bitcoin.

[Crypto Analyst]

Thanks, Captain obvious.

[Crypto Host JV]

In May, BlackRock became the second largest Bitcoin holder after Satoshi Nakamoto. And I believe they currently have over 600, 000 bitcoin. Michael sailors going on 600000 bitcoin. So they each have practically 3% of the bitcoin supply, or I should say their companies. BlackRock, obviously it belongs to the shareholders. And the same with strategy B with the Gigachad and himself. But quoting analysts here, bitcoin has proven itself as a legitimate macro asset class, surpassing Amazon's market cap is not only drawing massive attention. I believe right now Bitcoin is the fifth largest asset in the world. There's only a handful of companies bigger.

[Crypto Analyst]

Such as like Amazon, maybe Nvidia, you.

[Crypto Host JV]

Know Microsoft etc But help bitcoin position.

[Crypto Analyst]

Itself alongside established market giants. That's right.

[Crypto Host JV]

Stand low operations research over at Crypto Exchange shared the fundamental principles of Bitcoin.

[Crypto Analyst]

As underlying mechanisms have always been been there and are still the same despite the assets recent surpassing of the Amazon market cap.

[Crypto Host JV]

He said that he does not think.

[Crypto Analyst]

That this has any implications on the crypto market. Will you blind?

[Crypto Host JV]

But according to the crypto market cap.

[Crypto Analyst]

We stood at the time of recording it's now above 3.5 trillion. And while high it's nearly. Oh okay. We haven't hit the all time high. So the all time high which I would assume was back in January was 3.7 trillion. So we're just shy but we may pass that today or sometime this weekend. Data also showed that the ETFs drew in 604 million of inflows yesterday. And we will dive deeper into the ETF inflows. I'll save it for later quoting them here. We're moving gradually towards 200000 per coin with gradual adjustments. I am sure that this year we'll see Bitcoin at 150 and 90 000. So I guess he's anticipating a correction there. Now they also say short term profit taken in the macro rate uncertainty are tempering the momentum. But below the surface metrics point to continued high conviction. You say that again. Happy 420 for the Bris. The foundation is more solid than any other cycle before it. That's a fact. And now into the more deeper into the infamous Pizza Day. What was once considered a highly speculative risk has evolved into a serious asset class. Exactly. Bitcoin boasts a market cap over 2 trillion. That's right. Ranking it as the fifth largest asset globally as of yesterday amongst publicly traded companies. And again shout out Bitcoin OG Laszlo and Happy bitscoin Pizza Day. What a legend. And we all know Bitcoin goes up forever. So eventually we'll be like celebrating that 10000 Bitcoin is a trillion dollar. Two pizzas. Only a matter of time but there you have it. Yeah. And again. Welcome everyone to the live stream Happy Pizza Day. Get your pizza while it's hot. No diddy and no pizza game next. Story of the day as we continue to climb with a bitty price action. All time highs in play. We already tap 112 in a day.

[Crypto Host JV]

Next story regarding the stablecoin bill, Mr. David Sachs, the crypto czar, says the stablecoin bill is going to pass. That's right, U. S. President Trump's top advisor on crypto and AI said the administration expects the stablecoin bill to clear the Senate with a bipartisan backing. Quoting him here.

[Lowe's Advertiser]

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.

[Crypto Host JV]

From CNBC interview. We have every expectation now that it is going to pass. The guiding and establishing national innovation for the US Stablecoin, which is better known as the Genius act, is the most advanced federal effort yet to establish the.

[Crypto Analyst]

Legal framework for the dollar peg digital asset.

[Crypto Host JV]

Sack said the bill could trigger trillions.

[Crypto Analyst]

Of dollars in demand for the U.

[Crypto Host JV]

S Treasuries by unlocking stablecoin growth under the clear rules quitting them here.

[Crypto Analyst]

We already have over 200 billion in the stable coins. It's just unregulated.

[Crypto Host JV]

If we provide legal clarity, we create.

[Crypto Analyst]

Enormous demand for the treasuries practically overnight and the crowd's going wild.

[Crypto Host JV]

The stablecoin bill's progress comes the same despite controversies surrounding the Trump family crypto dealings, critics have raised concerns that the administration benefits from the legislation given its ties to World Liberty Financing Financial, a crypto firm backed by Trump family members that recently launched their own stablecoin USD1. So if you go to coin market cap right now and type in USD1, I believe it's already in the top 40 or so cryptocurrencies in the world. So this was created by the Trump family member as a part of something they needed for their World Liberty financial defy platform. So of course they're going to be very pro stable coin with this stablecoin bill, hence most likely it'll be approved. The token is backed by the U S Treasuries and dollar deposits and I've received 2 billion investment commitment from ABU Dhabi's MGX fund via Banana Stacks or Sacks.

[Crypto Analyst]

I like the name Stacks better but.

[Crypto Host JV]

Anyways Sacks who disclosed the sale of 200 million in crypto related holdings so he ultimately said I have 200 million worth of crypto. He declined to comment on whether the.

[Crypto Analyst]

President or his family may financially gain.

[Crypto Host JV]

From the bill's passage.

[Crypto Analyst]

Of course, then you just use common sense.

[Crypto Host JV]

Despite.

[Crypto Analyst]

But that's okay. It's okay.

[Crypto Host JV]

Despite momentum, final passage is not guaranteed.

[Crypto Analyst]

Senator Josh Hawley, the book or the balls in your court.

[Crypto Host JV]

And in May 21. Yesterday, a post was titled the Empire Lobbies back. New York University professor said the US.

[Crypto Analyst]

Banking industry is panicking over the rise.

[Crypto Host JV]

Of the yield bearing stable coins.

[Crypto Analyst]

I guess it could be a direct threat to the central banking cartels and.

[Crypto Host JV]

Their banking system because who in their.

[Crypto Analyst]

Right mind would keep fiat at the bank when they're losing money due to the inflation, when they could be earning like a yield effortlessly? Yeah, I mean like maybe you get a 4 or 5% yield by keeping.

[Crypto Host JV]

A stable coin on a particular platform, which seems what we're doing here.

[Crypto Analyst]

Campbell criticized the banking lobby for pressuring lawmakers to defend their interest block the competition from the interest paying stable coins. So I can see why they're against it. He argued the banks rely on fractional reserve practices, which is a scam, by the way. It's a big Ponzi to profit while.

[Crypto Host JV]

Offering low returns to depositors.

[Crypto Analyst]

And how that works is it's like you deposit hypothetically a thousand dollars and then they lend 10,000 based upon your thousand and they keep nothing at the bank. Which ultimately means if there was ever a bank run, your fdic, so called insurance is not going to get you anything because there's not enough money to pay out everybody. So hence they do their best to try to avoid that stuff. And we've seen the digital version of bank runs time and time again with the exchanges. Like we saw that with like FTX. We saw it with the regional banking crisis 2022 as well. Or was that 2023? I lose track of time. But nonetheless, we're here now in 2025 and it is what it is. Stablecoin Bill, a common genius act. Cynthia Lummis, you already know Ms. Yellen. JB, your hat looks cool. It's eating. The kids are saying it. Oh, I haven't heard the kids say it. My daughter hasn't used that one yet. She could be like, papa, your hat's eating. Huh? My hat's hungry.

[Crypto Host JV]

Notice I'm rocking it looser. I like it loose instead of tight where I get like a big red spot there I have it like a little looser. That's my swag. So yeah, of course my hat's eating. It's having supper right now.

[Crypto Analyst]

Of course. Headline here reads.

[Crypto Host JV]

Check it Texas House Passes the Strategic.

[Crypto Analyst]

Biddy Bill that's right, Texas House of.

[Crypto Host JV]

Representatives passed the third reading of the SB21, a bill that seeks to establish the strategic pick on reserve in the state.

[Crypto Analyst]

The bill passed in a 10142 vote. It will now go to the Texas Governor Greg Abbott to either sign the law or veto. Let's go with the sign. We need the John Hancock brother. SB21, authored by State Senator Charles Schwertner.

[Crypto Host JV]

Establishes a bitcoin reserve that is managed by the state's comptroller. The legislation allows the comptroller to invest.

[Crypto Analyst]

In any crypto with a market cap above 500 billion. And guess what? Bitcoin is the only qualifying crypto asset. Take that evil doers before the vote, State Representative Giovanni My Paisano said to the chamber. The bill was a pivotal movement and securing Texas's leadership in the digital age. With the passage of our Strategic Biddy Reserve, now we embrace the modern asset with traditional properties for future promise. The bill passed in Texas senate in a 25.5vote March 6. Texas's economy is the second largest of the U S with a gross domestic product of 2.7 trillion as of 2024.

[McDonald's Advertiser]

This episode is brought to you by State Farm. Knowing you could be saving money for the things you 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 according to the.

[Crypto Analyst]

K V U E. And if Texas were its own country would have the 8th largest economy in the world. Hence why Texas obviously so significant. If Abbott signs SB21 into law, Texas will be the second U S state.

[Crypto Host JV]

To allow the creation of crypto reserve.

[Crypto Analyst]

As you know, the big news last week New Hampshire became the first to do so May 6 after Governor Kelly signed House Bill 302 into law. Similar bills in the other states have faced resistance as of late. On May 13th, Arizona Governor Katie Hobbs acts two crypto reserve bills. Damn you Katie. On May 6th, two Florida strategic Bitcoin reserve bills were also taken off the table. What's going on? DeSantis Hobbs wrote in the letter with her veto. Currently volatility in crypto markets does not make it a prudent fit for the general fund dollars. So someone obviously doesn't understand Bitcoin or.

[Crypto Host JV]

They'Re just compromised by their handler and I believe it's the latter. What are your thoughts? The risky nature of crypto investing was a factor in the decision of the Montana lawmakers to kill the possible digital asset reserve. According to The Bitcoin Law Firm 47 Strategic Reserve Bill has been introduced now to 26 states. There are 13 active bills at the federal level as well. Greg Abbott expressed enthusiasm for crypto before and is expected to sign a bill into law. And in a social media post dated November 2024, Abbott praised Texas as the home of crypto mining, adding that it.

[Crypto Analyst]

Should become the crypto capital so they'll.

[Crypto Host JV]

Most likely sign it then Abbott reportedly accepted bitcoin donations. The campaign since 2014 well, sounds like a done deal Texas.

[Crypto Analyst]

Please stand up.

[Crypto Host JV]

Please stand up. Stacking the biddy so we have the state adoption happening in real time, the domino effect. So many states in the process adopting bitcoin. And of course from a national strategic level we have the United States of America at the strategic Bitcoin bill that was executive order by the Trumpster. We have obviously Bitcoin country, the first country to do it thanks to President Buell Bitcoin presidents and obviously now we have Panama in the process discussing a strategic reserve bill. We have potentially Ireland, big proponent of McGregor which we touched upon earlier. We have Abu Dhabi sovereign wealth funds already invested in the bitcoin big money coming from the Middle East. We have Korea. North Korea's Lazarus group allegedly holds roughly 200,000 of the Bitcoin, potentially more than the United States considering a hundred thousand to two hundred thousand allegedly that the state says are holding really belongs to Bitfinex.

[Crypto Analyst]

So if you don't know, now you.

[Crypto Host JV]

Know and Global Hash wars in full effect. Headline here reads Black rocks Bitcoin ETF notches twoe high inflow as Bitcoin nears 112,000. In fact we did already tap 112,000 right before we started the live stream. So again a new all time high. Congratulations. Black Rock's IBID has seen its largest inflow in the past two weeks as traders allocate to the US spot Bitcoin ETFs to scoop up the rocketing bitties. IBIT's May 21 net inflow was 530 million, as big as single day net inflow since it took in 531 million May 5. According to Far Side, the ETF hasn't had an outflow since April 9. In one day alone, Ibit accumulated over.

[Crypto Analyst]

10 times the amount of the biddy.

[Crypto Host JV]

Mined over the same time frame. With it scooping up 4,931 BTC against just 450 Bitcoin produced for the day. Can you say supply shock only a matter of time. IBIT also saw the largest volume day since January, according the ETF tracker. Given trading volume today, expect these inflow.

[Crypto Analyst]

Numbers to increase, said Nate Jasi.

[Crypto Host JV]

The total inflow figure for all 11 spot Bitcoin E test was 67 million, with the Fidelity Wise Origin Bitcoin Fund seeing the second most inflows for the day at 23 and a half milli. Meanwhile, Bloomberg Bloomberg ETF analyst Eric Balunes called the ETF inflows a classic feeding frenzy caused by bitcoin's recent price rally.

[Crypto Analyst]

Which has seen it extend to nearly 112,000. No, in fact we already hit hit 112,000. Price discovery in play.

[Crypto Host JV]

Baltuna has added that the last time the ETF trading volume soared to the.

[Crypto Analyst]

Current level was in January. Previous all time highs right around bitcoins, then all time high and all the.

[Crypto Host JV]

Bitcoin ETFs are elevated.

[Crypto Analyst]

Most are going to see 2x their average flows incoming so it's going to eat up all that bitcoin supply yo as the institutional FOMO like a mofo continues.

[Crypto Host JV]

The big ETF inflow in the volume.

[Crypto Analyst]

Day came as Bitcoin notched the new all time high above 110 then 111 now, then 112 as of today.

[Crypto Host JV]

Meanwhile, Jeff May, operations chief at the.

[Crypto Analyst]

Crypto exchange BTSE, noted investors are crowding into the bid ETFs which saw 3.6 billion of net inflows for the month of May thus far.

[Crypto Host JV]

We believe this trend will continue as long companies continue to tap public markets for more capital. This could accelerate if the Fed decides to cut the interest rates in the coming months.

[Crypto Analyst]

So you already know couldn't be more bullish right now.

[Crypto Host JV]

All right, now for our feature story of the day, we're going to discuss Bitcoin 10Xing from here hitting 1.1 million.

[Crypto Analyst]

Per coin this cycle. Potentially over the summer anything is possible. Big one has no time At Capella.

[Capella University Advertiser]

University you can learn at your own pace with our Flexpath learning format. Take one or two courses at a time and complete as many as you can in a 12 week billing session. With Flexpath, you can even finish the Bachelor's degree you started in 22 months for $20,000. A different future is closer than you think with Capella University. Learn more at capella.edu fastest 25 of students cost varies by pace. Transfer credits and other factors.

[Crypto Host JV]

Fees apply because fiat has no bottom. So first and foremost I'm going to share my personal targets for this cycle, including this particular year. I believe 2025 will be the cycle peak. My bear scenario is 222 000. My base case is 420,000. Yes, I am 100% based for the Brosis Happy 420 bull scenario.

[Crypto Analyst]

1.1 million per coin.

[Crypto Host JV]

That's my personal thinking. Now I also want to throw out.

[Crypto Analyst]

There there's some very prominent Bitcoin OGs to back it.

[Crypto Host JV]

So let me show you what I'm talking about. And again, welcome everyone joining us on today's live stream. This headline here bitcoin's path to 1.1 million. We'll see 1 billion active wallets according to Anthony Scottamucci Shout out to the mooch. And he ultimately says by the time we have a billion active bitcoin wallets, Bitcoin will be at 1.1 million per coin. Let me know if you agree or disagree with that.

[Crypto Analyst]

Now also Binance founder CZ who is.

[Crypto Host JV]

The richest in crypto at least on paper his net worth is probably like 70 billion. Just ballpark it could be a lot more, a lot less. But that's according to Google. Hence he was the richest person to ever go in a jail cell. That's right, when he had to pay that like four, three or whatever billion dollar fine to the doj, he also had to serve like three or four months in jail or prison or whatever, making him the wealthiest to ever be behind bars. Ironic enough, but he's been calling for bitcoin to go up to 1 million this particular cycle. And of course we also have the high priest of bitcoin, Max Kaiser. And a few pod episodes ago we covered this. I'm just reiterate it. Max Kaiser predicts 2.2 million which makes my bull scenario look like child's play. He went over the top with a double 1.1 plus the 1.1 for the 2.2 in play as Bitcoin is the ultimate safe haven asset. Quoting your holiness Max Geyser. This slow motion train wreck, the pin popping of the global Ponzi scheme has.

[Crypto Analyst]

Taken 20 years to finally burst. The yen carry trade. Look it up.

[Crypto Host JV]

Has provided liquidity to keep 2, quadrillion worth of derivatives afloat and is now un unwinding.

[Crypto Analyst]

It is the finale of the fourth turning a bond global apocalypse ushering in depression 2.0. The ultimate safe haven. Bitcoin 2.2 million in play but wait, there's more. Also Bitcoin OG Adam Back predicts Bitcoin will hit between 500,000 and a million this cycle. We also have Samson Mao, founder of Jan3 helping with the, you know, international bitty adoption, also suggesting Omega candle 1 million in play this cycle this year. So let's touch upon some of these particular predictions a little deeper and let me know your thoughts. Do you think realistically can do that? Also I like to point out the stock to flow model suggests bitcoin hovering above a half a million per coin between this cycle and the Next, having a 2028 with 1 million also in play. So I'm not the only one. I'm not a lone wolf in suggesting bitcoin can potentially hit 1.1 million of this cycle. So let's start here with Adam. The prominent figure of the bitcoin community and the CEO of the blockstream believes that the bitty can is significantly undervalued and I agree with that. And can surge between 500,000 and a million during the current cycle. In which he shared in his interview. I'm thinking this cycle could get quite high. So I was thinking 500,000 to 1 million because there is a lot going on. That's right.

[Crypto Host JV]

There's a lot of macroeconomic factors. There's the institutional adoption, there's bitcoin overtaking gold as a store of value with the gold market cap at 22 trillion. I mean, and now you have, you know, entities like Black Rock accumulated 600,000 Bitcoin in less than a year and a half. Three percent of the supply you got Michael Sailor's company now has 3% of the supply. The supply you have, you know, the United States of America with the bitty strategic reserve. You have the game theory, you have the other countries, you have El Salvador purchasing a bitcoin per day. We have Panama coming aboard, potentially Ireland. And the list, you know, goes on and on. But yeah, as you can see here, adam back, the OG says 100,000 is way too cheap. And I couldn't agree more. Bitcoin gets between 500,000 and a million per coin this cycle. Let me know if you agree or disagree. And to put that into perspective, that's like a 5x minimalistic from where we're at right now. Could you imagine your net worth 5 to 10xing from here potentially this year? Let me know in that live chat and let me know if you agree, disagree with him. And also touching upon cz, this handsome Chinaman right here, the broader crypto market Is headed for a sharp uptrend. According to Czech, potentially the richest man in crypto, Bitcoin can climb anywhere between 500,000 and a million this cycle, Ultimately reiterating what Adam Back has put out there. And we can hit a market cap of 5 trillion by the end of the year. We're basically halfway there. Bitcoin as of today is two and a half trillion.

[Blinds.com Advertiser]

So custom window treatments are a small upgrade that have a big impact. No better time to shop than [e-mail]'s Memorial Day mega sale. Blinds.com invented a better way to shop for window treatments. Completely online with upfront pricing, no showroom markups, no salespeople in your home. Choose from classic shutters to outdoor shades and more. All backed by our 100% satisfaction guarantee. ShopBlinds.com's Memorial Day mega sale now save up to 50% site wide plus a free measure. Rules and restrictions may apply.

[Crypto Analyst]

Total crypto market cap is currently like.

[Crypto Host JV]

Way higher than that. So if we were to double, we'd probably be closer to 6 or 7 trillion. But you guys let me know your thoughts on that. CZ similarly hinted at a hundred thousand bitcoin price all the way back in 2020, referencing a hypothetical drop from 101 to 85. That prediction eventually played out with bitcoin crossing a hundred thousand for the first time. December was it not?

[Crypto Analyst]

November.

[Crypto Host JV]

But correct me if I'm wrong, bitcoin currently, as you know, doing its thing. We just tapped a brand new all time high already this morning as we're currently in price discovery. But let me know if you agree, disagree and then of course course, Scott Amuchi suggesting as the active users continue on their hockey stick, you know Parabola, no different than the Internet back in the 90s. And we hit that infamous 1 billion active addresses will be at 1.1 million. You already know that's a sexy bitty Blackjack and virtually 10x from today's price action. Quoting him here. Is bitcoin an investment or is it an asset class? If it's an investment, then one thing. Three trillion. That sort of makes sense. That's akin to the magnificent 7 market cap. And again, bitcoin already broke within those rankings, currently number five in the world. But if it is an asset class, it should trade closer to gold, which is 22 to 23 trillion. And you could run the math. Most likely when we surpass the gold market cap will be in the million or multiple million, multiple seven figure digit territory. And let me know your thoughts regarding Max Skies of the high priest suggesting 2.2 million in play. And regarding my personal bull scenario of this cycle of 1.1 million, Holla@ your boy and welcome everyone to the Q A segment of the live stream tri stream. History has been made. We hit 112,000 already today and I'm checking now. Kepler, appreciate the super brother.

[Crypto Analyst]

He wrote.

[Crypto Host JV]

You always cheer me up.

[Crypto Analyst]

Keep up the positive attitude.

[Crypto Host JV]

This gong strike is for you, my brother. And then we got one from PJR and from Debo. So I'm pretty confident we hit our goal. So thank you. We're going to extend the pump and do a pump watch all evening and thanks to you guys. So I greatly appreciate all the support. This gong strike is for everyone who participated in making it happen. Thank you guys.

[Crypto Analyst]

A bada boom.

[Crypto Host JV]

We got a pump watch fairy tale. Get it. 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.