
GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the company’s X account.
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JV
Fees apply welcome Crypto Fam to the number one Bitcoin pod in today's show. I'll be sharing all the latest highlights from the Bitcoin Vegas conference going on right now. Also the latest Bitcoin technical analysis and breaking news. Meta Planet issues 50 million in new debt to buy more Bitcoin. Also Crypto are Sack says the US could possibly acquire more bitcoin. Oh it's going down. Trump supports the bill to buy 1 million BTC according to the latest from Senator Cynthia Lummis. Also Ram Suani Strive raises 750 million for Alpha Generating Bitcoin buy strategy. We'll also be discussing Bitcoin reaching 1 to 1 and a half million this particular cycle with the USA on board according to Bitcoin OG Adam back. Also major news announced officially today, GameStop confirmed their first Bitcoin purchase of 4710 BTC 1. Why so bearish GameStop? We'll also be taking a look at the overall crypto market. All this plus so much more in today's live stream. 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 Crypton News Alerts. Net. Again, that's crypto news. News alerts.net today is Pod Episode 2005. I'm your host JV. It's May 28, 2025, day two of the infamous Vegas conference today. A lot of the big names have already hit the stage including JD Vance and we will be covering some of what's going on obviously out there in Vegas. But what goes down in Vegas stays in Vegas. But I will just give You a glimpse of what you're missing out on, of course, and all the latest bitty news as we do each and every day. But anyways, let's kick this mofo off with our market watch as we do each and every day. Pulling up coin 360 and you can see bitcoin a bit of a pullback. Yesterday we did hit 110 again. Today we're 107. A lot of volatility. Bitcoin's down 2.6%, ether down 2.6%. Ironic enough as the bulk of the market has corrected and in the red with XRP down 4% on the day. And check it out, coin market cap dot com. The current crypto market cap is currently chillaxing today at 3.38 trillion. The all time high is 3.75 trillion. We're not too far off. The bitcoin market cap today is 2.127 trillion. We have 116 billion worth of volume for the past 24 hours with a Bitcoin dominance coming in at a 62.9% with Ether dominance at 9.4% and checking out T1 hundo crypto gainers past 24 hours. Tun coin 2 a lead in the pack up 13% followed by SPX up 9 followed by Unice said Leo up 2% as the bulk of the market is correcting. And in the red as you can see. Excuse me on coin. Sorry, crypto bubbles. Let me get some water in here. That was weird. It's like I had a little mini burp but like some coffee came up and it was pretty gross so I had to wash that baby back down. But you got to do what you got to do. When you're doing the live stream, anything can happen. But you can see the bulk of the market 95 in the red on the day. Zooming out for the weekly, I dare say 70, 30 red over green. And for the month we're mostly in the green, which is good. I'd say 85, 15 green over red. And checking out the infamous crypto greed and fear index. Today we're 71, greed, yesterday 74, last week at 70. And last month of 54 which is neutral. And check it out, the time chain calendar. We have 151, 246 blocks until having 20, 28. And as of today on block number 898, 754 fast approaching block number 900,000. And before you know it we'll be at the infamous block 1.1 million. Where will the Biddy price be at that time will we be at 1.1 million per coin? You let me know your thoughts. And as of today you can exchange one fiat monopoly dollar for 934 sets. You know what to do gentlemen, pick up the SATs, put down the gats and pick up some bitcoin caps from a man sergio over@bitcoincaps.net and for today we're not going to use other analysts because what do they know? What do they think they're Ms. Cleo with the Magic 8 Ball or something? Crystal ball. Whatever type of blue balls they're using nowadays to do their divination I dare say let's just pull up the live charts and hit hit it off the way it should be done the proper way. And speaking of proper shout out Conor McGregor Strategic Video Reserve for the country of Ireland. Let's do it proper brother. And with that being shared as you can see we're hovering at around 107 at the at the time of the live stream live chart action Jackson satisfaction and as of yesterday some targets appeared 1 was 120.
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JV
As of today it went it lowered a little no120 target on the one hour but we still have that sexy 116 bullish pennant and there's one just around it at it looks like 1164 as you can see on your screen we also have a bull scenario below that in the green at 1:12:4 which would be price discovery the current all time high was achieved I believe it was May 22nd which was literally six days ago and is currently 112. So once we surpass 112 we reenter price Discovery Prelo biddy going up forever Laura and if you don't know do your research do some homework and maybe one day you'll know. And zooming out from there we'll check out the four hour and see how we looking Rising wedgie the only wedgie I approve of A bullish Pennant formation sensation GRE scenario bullish target bullish pennant at 1163 I repeat 1163 in play also that 40x leverage trader with the multi billion dollar long, he is calling for 119 this week as well. So we'll see if we do rise. I mean anything's possible. Lot of bullish momentum in the market, more so than ever before, especially with the institutional fomo. Like a motherfinger mofo, if you know what I'm saying. Yahtzee. Let's get it. And as you can see, also a rising wedgie on the daily chart. You can see we've been trading sideways past few days. No particular bull targets in play on the daily like we have in the one hour and the four hour sitting at 116. But zooming it out a bit further, that's when we're going to see the cup and handle target sitting at. I believe it's 124. Yep, sexy 124 target. Also a rising wedge. Now the significance of this chart. 1, 2, 3, 4, 5, 7 green consecutive candles. I dare say I don't think we've ever had eight green candles on the weekly chart in bitcoin history. Correct me if I'm wrong, I just don't recall ever seeing it like that. So this bullish momentum is unprecedented. Next leg up in play, this is Q2 of 2025, the year preceding the having which occurred in April of 2024, which tells us we have another five months or so at least. A pure bullishness. And if things are to change and we have an extended cycle, there's no telling we can just continuously hit new all time highs, including what would normally be perceived as the bear after this particular year, which is typically the last year of the bull. However, we shall soon see how things play out. You guys let me know your thoughts. And zooming out from the weekly, we take a quick look at a monthly and the monthly says it's going up forever. JV the month of April, bullish green close. We just have three more days to go here for the month of May and we already surpassed the green candle from last month. So as long as things maintain where they're at or go above, it's going to be a very healthy monthly close. Continuing that bullish momentum. Yeah, I mean, so let me know where you feel the pretty little bitty likely take us next. Here's the latest from Meta Planet. Now we broke down the ta, AKA astrology for the Broskis. Next up, you should be able to read headline on screen. Meta Planet issues 50 milli and a new debt to buy more libidi. That's right. They're buying more of the biddy Japanese investment company metal planet raised 50 mil through a private placement of the zero interest bonds as part of the strategy to increase the video exposure. In the announcement shared today, the company said it was raising 50 milli through the bonds James Bond that is. The bonds are issued in 1.25 million denominations and carry no interest. Interesting investors will not receive regular payments and with any potential profit expected to come from the bond's redemption value. EVO Fund, a Cayman Islands based investment firm, will be the sole bond holder. The investment company has been Meta Planet's primary backer for the Bitcoin acquisition strategy, subscribing to multiple rounds of Meta Planet zero interest bonds providing capital for the Bitcoin buys. The bonds are unsecured and not guaranteed with, excuse me, neither a bond administrator nor collateral. This reflects the high degree of trust between the two companies. Also shows confidence in Bitcoin's long term outlooks as Meta Planet continues its increase of holdings and their personal goal I believe is 5,000 bitcoin before the end of this year and did they say 21,000 bitcoin by the end of next year which is obviously 2026? Meta Planet said it expects the issuance to have the minimal impact on the 2025 financial results, though it will disclose further development if needed. Meta Planet's push into the Bitcoin highlights the growing trend amongst companies seeking the alternative to the fiat base treasury strategies. The move follows Meta Planet second biggest Bitcoin purchase of all time, scooping up over a thousand bitcoin worth 100 million. This pushed the company to bitcoin holdings of 78. Wow. So they already have 7800 BTC. So I think they already achieved that goal. Or actually let me correct that, I think their goal for this year then makes more sense to be 10,000 bitcoin and next year 21,000. Okay that makes sense. According to the bitcoin treasuries Meta Planets up nearly 20% 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
So they quite well Meta Planet is a bitcoin strategy also is given the stock price a boost. 10x research reported metaplan stock trades as if it were bitcoin five times its actual price. The research company said investors in the company are dramatically overpaying for their bitcoin exposure. Now with the rise of bitcoin treasury companies stock prices getting bitcoin exposure to corporate rappers has attracted criticism from well known investor in Jim Chanos. At the SON Investment conference in New York he said he's selling strategy stock to buy bitcoin. He also said the move assumes investors are overpaying for exposure through strategy and others that follow the blueprint. Now the investors move assumes that purchasing bitcoin directly would be more profitable than purchasing stocks for indirect bitcoin exposure. Let me know your thoughts. I mean I'm old school. I much rather just hold on to the underlying asset versus get exposure to it through stocks. But I'm old school I guess. You guys let me know your thoughts and we'll dive deeper into the latest and let me know regarding and I covered it in great detail yesterday but Sailor did announce that he is not going to be sharing proof of reserves or the bitcoin. Obviously he's not going to be sharing the bitcoin address where they're allegedly holding their roughly 600,000 bitcoin treasure trove fortune. Let me know your thoughts on that. Do you think they should show it? Do you think it is a security risk? He's claiming it is. But but if you're a true Bitcoin og you realize it is not a security risk whatsoever. But it may be risky on the future of what he's planning to do and you don't want people to follow. You don't want all the attention. And I could understand from that but he claims it's it's too dangerous. It's not safe. Let me know your thoughts. I'll read your comments out loud. Next story regarding the crypto czar and that's right Mr. David Sachs headline here reads Crypto czar Sack says the US could possibly acquire more bitcoin. Possibly no, we will acquire more of a bitty. That's right White House AI and crypto czar Mr. Sex says the US can buy more Bitcoin if the government can fund the purchase in a budget neutral way. And there's infinite ways to do that without attacks or adding the growing national debt. And two of the most obvious ways in my opinion, before I even read into the story, trade your gold reserves and make Peter Schiff throw it. Temper tantrum. I'm just saying, why not? Especially during the conference. Make an announcement. We're selling our goal reserves, whatever is really left at Mount Gox and we're just trading it for the hardest apex predator who wants, you know, the inferior precious metal. It's. It's outdated. Ask the Shifinator. Even Peter Schiff knows that. But alternative way, just print money out of thin air. What if all the countries and central banks just said it? We're just going to print money out of thin air and trade it for bitcoin suckers. Why not? And those are two budget neutral ways to do it, is it not? And then Michael Saylor has already delivered a report to the US government with infinite ways we can do that. So you already know. But Sax told Gemini co founders Cameron and Tyler during the fireside chat that while we can't promise anything, a pathway does exist. Well, of course the pathway exists and will always exist. And there's a. There's a famous quote where there is a will, there is a way. So if the US government has a genuine will to acquire bitcoin, they're going to acquire bitcoin. I just hope that Genu genuine will is stacking 10 million of the biddy. Why not? Yeah, I mean the government could be the employee of the month. Screw sailor. I'm just saying. However, it would require convincing Secretary Howard Lutnick, the Commerce Secretary or in Treasury Secretary Scott Bessant to okay the buy. That's going to be easy peasy. Because Howard Lutnick is a bitcoin bull. He personally said in an interview with Pumpliano that he has hundreds of millions worth of bitcoin, which will soon be billions. And he is a billionaire. So why would they say no? So maybe by finding money from some of the other programs that's not using it. Yeah, they waste money on virtually all the things and woke culture things they've been funding. For one example, stop funding the Ukraine. We could have put hundreds of billions of dollars into bitcoin and had a strategic reserve that would blow the minds of these other countries. But I digress. The question is, can we get either the Treasury Department or the Commerce Department to get excited about that? Because if they do and they can figure out how to fund it, they actually do have presidential authoritization. Respect my authority. The March 6 executive order authorizing creation of the crypto reserve states that it will hold any bitcoin Forfeited as part of the criminal or civil asset forfeiture. Hopefully they learned the lesson from Germany. Dumping their bitcoin when it was like around 50,000 losing out on billions of dollars like idiots. Months later. Sacks noted part of the executive order allows government to purchase more if it's done in a budget neutral way. That's the key word. And like I said there's put us in a box.
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JV
All sorts of methods to do that. Specifically, if either Commerce Department or the treasury can figure out how to fund it without adding to the debt, then they're allowed to create those programs. The US holds approximately 198000 Bitcoin. There's never been a proof of reserves for that. So this is kind of speculation. And also According to Samson Mao, 100 000, which is virtually half of that stockpile, already belongs to the exchange Bitfinex. So it's not really the U.S. government. So they need to get on the ball and start stacking some bitcoin before these other countries put them to shame. Just saying. Bitcoin game theory in full effect. Most of the holdings came from two seizures connected to the online marketplace Silk Road. One in novemb that netted 69,000 of the bitty. And another in March of 2022 saw authorities seize 51,000 bitty. The US also seized 94,000. Yes, exactly. They seized 94,000 Bitcoin from the Bitfinex hacker. Which means it doesn't belong to the US but it belongs to Bitfinex. After the authorities hacked into the cloud storage account and like idiots, they had their private keys in a cloud storage. Billions and billions worth of the bitcoin can't make this up. And it was actually collected from over 2,000 of the crypto wallets. In January, the US Department of Justice received the green light to sell 198,000 Bitcoin. Now that makes no sense because if 98,000 or so belong to Bitfinex, how are they even getting a green light to sell 198,000? Does that make sense? So ultimately what I'm trying to say is the US is falling behind because there's other countries that already have more bitcoin than the U.S. that's right, such as North Korea, which we don't even talk about enough. But there's some hacking group called the Lazarus Group and they potentially have over 200, 000 bitcoin. So Trump, what are we gonna do about that? I mean, that's all I'm saying. Trump supports the bill to buy 1 million of the BTC, according to Cynthia Lummis. That's our next story of the day. Shout out to the Nipinator, keeping it gay, which means happy, happy days. Nipinator. That's what, that's all I'm saying. Not the Diddy gay, but that other type of gay, the happy gay, the good vibes. Next story of the day, the latest regarding Cynthia Lummis, obviously. And the Trumpster headline reads, trump supports the bill to buy 1 million of the biddy. I dare say 1 million is child's play as the superpower of the world. Anything less than 5 million Bitcoin I would deem blasphemous. I mean, Michael saylor already has 3% of the supply. Larry Fink already has 3% of the supply. You're gonna have less bitcoin than. Because they're eventually going to have 5, 10% of the supply. Just saying. But anyways, the Trumpster supports the Bitcoin act and has a team of the experts at the White House. Let's rename it to the Orange House. We're going to roll out, roll out the landmark digital asset legislation in the coming weeks, according to Ms. Lummis, speaking at a video conference, Las Vegas, Nevada. Lumis says she's bringing the Bitcoin act to the attention of the American people of the world, adding, Trump supports the bill. Well, of course, you can't short your dork. We can't afford that. And in March, Lummis reintroduced the Video Act, a landmark legislation directing the US government to acquire 1 million of the Biddy over five years. The acquisitions would be financed using existing funds with the Federal Reserve System and the Treasury. The Trump administration has reiterated the need to use the budget neutral ways, which there are plenty of, to acquire Bitcoin without burdening the taxpayers. And I like it. Why charge the taxpayers anything? We already been paying for all this proxy wars. You've been stealing our money. Instead of fixing the roads, we've been sending it overseas. And I dare say we've been treating the illegal aliens better than our own citizens and veterans. Can I get an amen? But anyways, you can see the breaking news. Senator Lummis says President Trump supports the bill to buy 1 million of the biddy. This is mass. That's right, no Diddy Lummis said the Trump administration has a team working on digital asset issues, including legislation on stable coins. And more recently they just passed that stablecoin act that was headed by Cynthia and the market structure for the video reserve. They will probably roll that out in that order. The Senate Banking Committee passed the stablecoin bill out of the committee, adding the following we're getting close to being ready to have it on the floor. Mom spaghetti. We have worked for untold hours with the minority party to satisfy them and we should be voting on it for the weeks before we get back from the break. Meanwhile, the White House seems to be in alignment with Cynthia Lummis. Last week, the Trump top crypto advisor, Mr. David Sachs, said the Genius stablecoin bill was going to pass. Pass. Come on, pass. Pass. Puff puff, pass. The Senate with bipartisan support after clearing the key procedural vote and that was official May 19th. Genius refers to the guiding and establishing national innovation for the US stablecoin Act, possibly the most comprehensive federal push to establish the legal framework for the dollar peg stable coins. Stable coins have become one of the most prominent use cases for the blockchain, with some industry advocates arguing that they could help extend the US Dollar's dominance as the global reserve currency.
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JV
Yay. Collateralized dollar back stables like Tethers USDT and Circles USDC account for more than 85 of the 250 billion-cent market, meaning this market is gonna grow massively. Ain't seen nothing yet. But yeah, Tether's leading the charge by far. Their market cap last I checked was north of a hundred and fifty billion dollars. I also want to throw out there that Circle USDC is a part of the lizard folk and cannot be trusted. I do not trust that stablecoin provider and they are enemies of bitcoin. I know because I've done my research. Meanwhile, Tether USDT supports Bitcoin. They have Bitcoin on the balance sheet and they're bitcoin advocates. So support stable coins like Tether do not support Circle USDC in fact I dare say boycott than mofos. They deserve it. Yeah Headline reads Bitcoin price will reach 130 or even as high as 1 1/2 million potentially this cycle according to the OGS and the top bulls. So I want to break this baby down for you and then we'll transition into the latest news coming from the game Stop. And again the current all time high is 112 which was achieved literally on the 22nd a few days back. So yeah you should be able to see on your screen here. Blockstream CEO Adam Back said in November Bitcoin could break 1 million this cycle if the US follows through with plans to establish a strategic Bitcoin reserve. And guess what? It's already official. In March the White House did just that, though it has yet to be codified into the law by Congress. So we're getting closer and closer. Baby Steps the Bitcoin Reserve act treats the world's first blockchain based crypto as a digital gold style reserve asset using coins seized from criminal cases including the OG back from a post he shared on November 18, 2024 which you should be able to see here. If the US Strategic Bitcoin reserve happens, prepare for seven figure Bitcoin this cycle. The market is skeptical on meaningful follow through for now so that it is not all priced in. That's that's right, you ain't seen none yet. US States have started laying the groundwork. New Hampshire broke the ice May six signing the Bitcoin reserve bill into law later in the month. Texas lawmakers advanced the bill to establish strategic crypto reserve backed by Governor Abbott shout out to the abbot of the Shaolin Temple as well and back gave a 2025 price target of a few hundred thousand dollars citing renewed retail Demand once roughly 16 billion FTX bankruptcy repayments Re enter the market. He added that he is confident that many of those investors will cycle back into the crypto market to fuel the the next rally. We also have another analyst, Geoff Kendrick who is the head of Standard Chartered and FYI the primary shareholder Standard Chartered bank is none other than Black Rock. They're saying Bitcoin's in route to $200,000 by year's end fueled by the rise of stable coins. And you already know stable coins have been on the rise. We touched upon that in our previous story. Also we have Mike Novogratz I in Bitcoin's next price in the discovery range Price discovery is currently above 112 which is the current all time high. His modest forecast is ranging from 130 to 150, 000 citing the strong institutional flows as I coin institutional FOMO like a mofo. Also the weaker dollar and the growing demand of the digital assets as a key driver. So let me know if you agree disagree with Mr. Novograss. Also, we have the one and only Kathy Wood. How much wood could a woodchuck chuck if a woodshell could chuck wood and the wood was actually the biddy and it happened to be Kathy Wood would well, here you have it. The CEO and Chief Investment Officer of Ark Invest at our bull forecast for 1.5 million. That's before she upped it to as high as 2.8 million which we recently covered on the pod. If you don't know now you know. That's because we're even more bullish than when she initially made that forecast. Then we have rich dad Mr. Kiyosaki quoting him here. Bitcoin a crash. Bitcoin is stalled short of 100 GS. That means Bitcoin may crash the 60 and this was posted back on December 1, 2024. Just FYI, if and when that happens, I will not sell. Bitcoin will be having a sale. I will buy more. I predict Bitcoin to settle at around 250 this year. Let me know if you agree disagree with Kiyosaki. At this stage of the biddy process, price is not as important as how many bitcoin you acquire. I want more of the biddy. Take care. And then of course we have Arthur Hayes just Blaze, who was just recently speaking on stage at the bitcoin event a few hours ago. He's calling for 250000 before the end of the year if the Fed pivots to qe, which is looking very probable at this time. And back in April. Happy 420. Hayes argued the bitcoin has driven off the expectations of the fiat supply growth and the Fed shift from the QT to easing would trigger a major rally. And if my analysis of the Fed's major pivot from the QT to the QE for the Treasuries is correct, Amando then the bitcoin hit the local low of 76.5 last month in which it did it was roughly around that 74.75 range and we've been bullish ever since. And the ascent to 250.
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JV
Has already begun. Let me know if you agree disagree with Arthur Hayes. Just blaze Yahtzee mofos. That's all I'm saying. All right fam. Now for our feature story of the day. Big news coming out of Vegas GameStop officially confirms their first Bitcoin purchase of 4710 BTC. The bit is your friend. It's going on forever. That's right. This is a pretty big deal. GameStop, the US video game and consumer electronics retailer, has officially confirmed its first bitcoin investment, acquiring 4710 bitcoin. I like that number because of course 4 and a 7 is an 11 you already know according to the statement posted as of today and here is the actual tweet from GameStop making it official. GameStop has purchased 4710 BTC Great Vine, Texas May 28 Business Wire GameStop Corp. And it bra basically breaks down the purchase. The company did not specify how much it paid for the bitcoin or when exactly the purchases were made in the announcement, so it could have been a few weeks back. Fam. While its Form 8K filing with US SEC also offers very little detail, the amount purchased was worth around 513 million at the time the news was announced. So roughly a half a billion dollar buy. Why so bearish GameStop? That's all I'm saying. You got like $5 billion worth of capital. Put it all into the bitty. The longer you wait, the higher you pay for the prices and at the end of the day you will pay for the bitcoin at the price you deserve. Just saying. The announcement acquisition is GameStop's first publicly acknowledged bitcoin purchase since the company disclosed plans to move into a bitcoin investment in March. And they've been teasing us of course. And at the time GameStop said it would fund the bitcoin purchase through debt financing and launched 1.3 billion convertible notes offering following the sailor put. So we all knew this was going to be inevitable and it was coming and now they officially made the announcement. The news comes after months of speculation the Gamestop was exploring alternative assets. So I guess that puts a stop to that and the rumors GameStop stocks have shared and have climbed amid the speculation, jumping 12% in March and then February rumors help fuel an 18 spike in the GME stock prices. And according to Trading View, GameStop shares closed at 35 bucks on May 27th and we're trading at 36 bucks in the pre market. At the time of publication, the stocks are up 30% in the past 30 days. That's an average 1% climb per day with year to day gains of 10%. Not too shabby. And you can see the stock performance here via trading view chart now check it. GameStop's Bitcoin investment is the latest in a trend amongst the companies purchasing the world's largest crypto, the btc. Following the lead of Michael Slaylor, which made its first bitcoin acquisition back In August of 2020, companies such as Japan's Meta Planet and Brazil's Melees beefed up their bitcoin holdings this year after adopting the bitcoin treasury strategies as well. And on May 27, Trump Media and Technology Group, the company that owns us, we this was actually yesterday's feature story. The company that owns Trump's true social platform also confirmed two and a half billion capital raised to purchase Bitcoin after previously denying reports of the deal. So we all know you can't short your dork. You can't afford that crypto to zero. They really thought that? Oh, hell no. Now let's check out with the high priest. Your holiness Max Kaiser has to share. As you know, he is in Vegas as well and has a lot of insights behind the scenes of what's going on. As you can see here, El Salvador continues to buy Bitcoin. One more bitcoin added to their strategic reserve. Never trust the imf. Just want to throw that out there. Their new total accumulation is at 6191 BTC. Max said in regards to what's happening. Oh my God. Game on. Bitcoin gives you wings. Hell yeah. This was in regard to the CEO of Rumble who wrote, dear Alexandre de Maras, maybe now is the time to let Rumble back in Brazil. What do you say? That's right. What do we say? Free speech meets freedom Money. Now we're talking. And let's get paid in bitcoin on the platform, shall we? And Elon, what are we doing? When are we going to add the bitcoin payments back for Tesla? It's been too long and you can't taper a Ponzi scheme. Max is 100 right on that one. You sure? Good luck with that. And he looks like he got a beautiful piece of art right here from Jake. So shout Out. Jake hooking Max up with the bitcoin bird. Birds the word. And if you haven't figured that one out, shout out to the guys. Report now. Also, you gotta note, bitcoin is rock and roll. As I believe this was backstage in Vegas back in 2023. And if you're not familiar with Joe Perry, he's the founder of a little band by the name of of Aerosmith. And apparently he's rocking the Mr. Miyagi Daniel sun headband, which gets him that much more clout. El Salvador for the win. Pick one country. And if you don't know, custom window.
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JV
In fact, I may be going to bitcoin country to shoot some content with Max next month, so be on the lookout for that. When you don't understand bitcoin, you do stupid shit like this. Trump will continue to Biden policy. Oh boy. Which version of Biden is that? There's like a dozen of them. All I'm saying, spoiler alert. There is no transition from not your keys to not your bitcoin. So don't trust these mofos because they're all saying you can trust us. Don't worry about the the self custody or the private keys. Or will you trust us? What a total sham. Couldn't agree more. And here's a shitcoiner alert. Kevin Kelly, put them on blast. Thank you, high priest. Terrible idea for Canada. Trump still doesn't get how bitcoin obviates the need for the huge military budget. And it's a fact. Bitcoin perpetuates peace and love, while fiat perpetuates war and violence. And if you don't know, maybe you learned something new today. And you know, let's continue with the uncensored version of the Pod fam. Head on over to the Rumble. Pinned at the top and the profile rumble.crypto newsletters.net and let's get ready to rumble. 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.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
Episode 2005: GameStop Officially Confirms First Bitcoin Purchase of 4,710 BTC
Host: Justin Verrengia
Release Date: May 28, 2025
In this milestone episode, host Justin Verrengia delves into significant developments within the cryptocurrency landscape, with a spotlight on GameStop's inaugural Bitcoin acquisition. The discussion encompasses market analysis, strategic investments by major players, legislative movements, and expert forecasts, providing listeners with a comprehensive view of the current crypto environment.
Market Performance:
Technical Insights:
Notable Quote:
"Where will the BTC price be at the time of block 1.1 million? You let me know your thoughts."
— JV (04:30)
Meta Planet has issued $50 million in zero-interest bonds to fund additional Bitcoin purchases, aiming for a target of 10,000 BTC by the end of 2025. This move underscores the increasing trend of corporations integrating Bitcoin into their treasury strategies.
Notable Quote:
"Meta Planet's push into Bitcoin highlights the growing trend amongst companies seeking the alternative to the fiat base treasury strategies."
— JV (12:05)
Crypto czar David Sachs indicated that the U.S. government could acquire more Bitcoin through budget-neutral methods, such as trading gold reserves or money printing. This aligns with Senator Cynthia Lummis's efforts to pass the Bitcoin Reserve Act, aiming to purchase 1 million BTC over five years.
Notable Quote:
"If the US government has a genuine will to acquire Bitcoin, they're going to acquire Bitcoin."
— JV (17:32)
GameStop has officially announced its first Bitcoin investment, acquiring 4,710 BTC, valued at approximately $513 million at the time of the announcement. This strategic move is part of a broader trend of companies diversifying their assets into cryptocurrencies.
Notable Quote:
"GameStop's Bitcoin investment is the latest in a trend amongst the companies purchasing the world's largest crypto."
— JV (23:08)
The Stablecoin Act, spearheaded by Senator Cynthia Lummis, has garnered bipartisan support and is poised for a floor vote. This legislation aims to establish a comprehensive legal framework for dollar-pegged stablecoins, enhancing the U.S. dollar's dominance as a global reserve currency.
Notable Quote:
"Stablecoins have become one of the most prominent use cases for the blockchain, with some industry advocates arguing that they could help extend the US Dollar's dominance as the global reserve currency."
— JV (22:41)
Several prominent figures have shared bullish forecasts for Bitcoin's future:
Conversely, Robert Kiyosaki warns of potential Bitcoin price crashes, suggesting a possible drop to $60,000 but remains steadfast in his belief, stating:
"If and when that happens, I will not sell. Bitcoin will be having a sale. I will buy more."
— JV (28:34)
Host Justin encourages listeners to share their thoughts on the discussed topics, emphasizing the importance of community insights in navigating the volatile crypto market. He also hints at future content collaborations, including potential visits to "Bitcoin Country" for exclusive interviews and content creation.
Closing Remarks:
"At this stage of the Bitcoin process, price is not as important as how many Bitcoin you acquire. I want more of the Bitcoin."
— JV (33:59)
Listeners are reminded to stay tuned for the next episode and to engage with the podcast through various platforms for the latest updates and live Q&A sessions.
Stay Informed: For the full premium experience with video content and live interactions, visit CryptoNewsAlerts.net. Engage with the community and stay ahead in the ever-evolving world of cryptocurrency.
Disclaimer: The views and opinions expressed in this summary are solely those of the podcast host and do not constitute financial advice. Always conduct your own research before making investment decisions.