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2010: Tom Lee Raises 2025 Bitcoin Target; Sets $3M As Long-Term Value
00:39:49
Tom Lee, Fundstrat’s head of research, raised his Bitcoin price target to reach $250,000 by year-end, forecasting that it could soar to $2 million – $3 million or even higher.
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- [00:02]
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- [00:30]
Crypto Host JV
The Hoover Dam wasn't built in a day and the GMC Sierra lineup wasn't built overnight. Like every American achievement, building the Sierra 1500 heavy duty and EV was the result of dedication. A dedication to mastering the art of engineering. That's what this country has done for 250 years and what GMC has done for over 100. We are professional grade. Visit GMC.com to learn more. Assembled in Flint, Michigan and Fort Wayne, Indiana of US and globally Source Parts Welcome Bitcoin fam to the number one Bitcoin pod in today's show. I'll be sharing the latest Bitcoin technical analysis as well as breaking news. Tether just sent 18,812 bitcoin worth almost 2 billion to Jack Mers 21 capital. Also breaking news n Norwegian black exchange becomes the first publicly traded bitcoin treasury company in the country. Also I'll give you some insights surrounding Max Kaiser's thoughts on strategy and these Bitcoin treasury plays which are being birth left and right. We'll also be Discussing Silk Road founders 300 Bitcoin payday unlikely a self donation according to some insights. We'll also be discussing Meta planet becomes the eighth largest Bitcoin holder with $118 million buy. And speaking of new buys, strategy ends May with another 75 million bitcoin purchase as the price tumbles to 103. Also breaking news, Russia's largest bank spur bank launches structured bonds tied to Bitcoin. We'll also be discussing Tom Lee of Fun Strat says Bitcoin could hit 3 million his long term target. He also ups his short term target of 250 before the end of this year in 2025. As per his latest interview on CNBC, we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good Crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts.net again, that's crypto news alerts.net today is pod episode 2010. I'm your host JV. Very significant day in my life is June 2nd. That's my pops who is in heaven. That is his birthday today. So very significant day for my household. But nonetheless we do have a lot to share. Let's kick it off with our market watch as we do each and every day. Pulling up coin360 Prelo Bitty had a bit of a correction you should be able to see here in your screen. Down 3% on the day. Hopefully it resumes our next leg up here as we're in June and we put a bow on May. And the silver lining, May was the highest monthly bitcoin close since the inception of the Genesis block. So game on. Also we hit a new hash rate. All time high price typically follows the hash rate. It's a precursor. So there is a lot of bullish technicals out there. We'll be diving into a little later. Looking at ether in the green today XRP hype XMR which is Monero Cardano but very modest gains across the board as the king is correcting and checking out coinmarketcap.com the current crypto market cap sits at 3.27 trillion. The all time high is 3.75 trillion. So we're about a half a trillion away from there. The bitcoin market cap today $2.083 trillion. And checking out we got quite a bit of a volume over 100 billion today. Bitcoin dominance 63.4%, ether dominance 9.4% and check it out. Top 100 crypto gainers past 24 hours. We got Monero leading the pack up 8%. Hyper liquid up 7% probably because of that trader James Wynn getting all that attention. And sky up 5%. Let me know which alt if any you're bullish on for the bull hol boy. And checking out the crypto bubbles we get a visual perspective on the day we do it for the nip and as you can see holy moly. I'd say like 7030 green over red on the day and zooming out a bit for the monthly H6040 green over red and zooming out for the yearly Unfortunately I'd say 6040 red over green and checking out the crypto greed inferior index. Today we're 64, greed yesterday 56 last week 73 and last month a 65. And checking out the infamous time chain calendar. We have 150456 blocks until the having of 2028. We're currently on block number 899544 which means we're most likely going to cross the 900,000 block milestone sometime this week. And we're fast approaching the million block milestone which is mindboggling. And as of today you can exchange one fiat monopoly dollar for 954sats. So pick up the sats, put down the gats, pick up some bitcoin caps from a man Sergio over@bitcoin caps.net cop yourself a custom President B exclusive with the El Salvador flag to match. And if you don't know now you know. Let's continue with a little astrology for the baddies and for the brosis. We also pull up some of the live should be able to read here. Bitcoin price dips under 104 and we just reclaimed 105 at the time of the live stream. Baby baby. That's right.
- [06:00]
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- [06:25]
Crypto Host JV
As we can see here. Bitcoin sought a retest of the 2024 high as the June 2nd Wall street open as Russia Ukraine tensions return to the market Here you're looking at the one hour chart and like I said I'll pull up the live charts here shortly quoting the Kabisi letter. This is effectively the market pricing out the Russia Ukraine peace deal that President Trump has been working on for the past three months. It wrote in the ongoing coverage referring to Trump's aims to halt the conflict, quoting them here. However, we have yet to receive a single comment U.S. or President Trump. Clearly something is going on behind the scenes. How will the U S respond? And here looking at the S P500 one hour chart not looking so good. Markets look like they're struggling to me with gold looking strong intentions with rush Russia escalating lead me to suspect selling today on the cards and for the start of June now trader Phil Phil predicted this should the stock find fresh bullish momentum, Bitcoin would probably outperform as a result, adding that bitcoin still looks bullish of course long term. Some traders shared the view amongst popular trader jelly who implied that the reactions to the current retest of the local lows were overly bearish as he shared here. Bitcoin still hovering on top of the local support timeline and especially my comment section seems filled with fear and giving up. Relax. Broskis and others complimented the main monthly candle close which was the highest of all time. Very bullish obviously there and musta shared this is one of the most beautiful monthly closes as you could wish for the bitty. That's right we closed. I believe it was just shy of 105, the highest since the inception. Now, despite the volatility, Bitcoin continues to hover above 102, a testament to underlying support. Volatility on the front end has subtly compressed and risk reversals have begun to normalize across the tenors, according to QCP who said the signals expectations for the muted price action are in the near term. Qcp gave a 100110 price corridor going forward in the absence of the further volatility catalyst and Dan Crypto trades look to the previous monthly opening behavior for clues. Quoting the analysts here, I think there's a good chance that the first week or so is likely a move that can be faded upon seeing the first signs of the local reversal. If this is the case, I will stick with the trend for the remainder of the month. Now Dan crypto trades express strong bias towards either direction. For June as a whole, I want to know are you bullish or bearish for the new month of June? Holla. Let me know. Past couple of months, very fortunately we've closed in the green. Very bullish momentum and some of the big news Before I pull up some of the live charts, this just in. Tether sends 18,812 bitcoin worth almost $2 billion to Jack Mers21 Capital. If you didn't know Jack Mer's new bitcoin treasury company, he's the CEO. It's backed by the likes of Tether, who's worth over 150 billion and Cantor fish Gerald multi billion dollar conglomerate. And of course Howard Lutnick's working alongside Trump. Couldn't get more bullish than that. So let's go also check this Norwegian block exchange becomes the first publicly traded bitty treasury company in the company or in the country for obviously for the Norwegians there. So that's a pretty big deal. And then Max wrote here the Bitcoin treasury plays are increasing demand for Bitco. So yeah, shout out Norway, but will they huddle through the downturn? So he seems to be skeptical about all of these new popping out bitcoin treasury firms. He says I only trust Sailor and strategy, not the panic sell. I don't assume the Sailor clones won't puke during the sell offs, which mean expect them to dump Portfolio Management 101 Number 1100 Self Custody Bitcoin is the best position for nearly everyone. Number two, don't sell, borrow against the biddy, maintain margin under 15 might be suitable for some and I'll add some context. If you don't have a healthy income, I don't suggest borrowing against your bitcoin. If you're going to borrow against anything, make sure you're capable of paying it back. That's 101 borrowing, just FYI. And number three, for experienced equity traders only, take a look at strategy formerly known as the micro strategy, not for the news. And if you don't know now you know the High Priest has spoken. All right, so looking at TradingView via Coinbase, this is the one hour chart. There's a lot of action going on here. We do have a green target in play on the one hour, sitting at 109 and inverted head and shoulders. We also have a rising wedge formation which is very bullish here. Monday, June 2 Again, this is live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton for the Baddies and checking out the Four Hour. The Four Hour. We got a particular green target as well. Also a bullish pennant formation sensation lining up with the God candle sitting at 116 baby baby bullish pennant 1163 to be precise. Let me know when you feel we'll likely hit that. I love to see these bull scenarios on the the you know, the lower time frames. And zooming out.
- [11:31]
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- [12:00]
Crypto Host JV
Fees apply a bit further. Let's take a look at the daily chart and then we'll pull up the weekly and the monthly the Daily chart. As you can see obviously we've had a corrective day. Not really much going on here on the daily but hopefully we can flip back in the green as we just recaptured 105 here a few minutes ago and hovering near there and checking out the weekly. We do still have a rising wedge. We still do have a 124 cup and handle target which has been printed on this chart for six plus months now. We do also have seven Stairways to Heaven. Green Candle Closes finally got a corrective red yesterday after seven weeks of bullish momentum. Will the bulls continue here for the month of June? You guys let me know. And zooming out a bit further we take a quick look at a monthly and the monthly says it's going up forever. Nipinator that's right. We had Big Green Candle close for the month of May and for the month of April and hopefully we can continue the bullish momentum. But you guys let me know your thoughts and read your comments out loud. Welcome in again everyone and let's freaking get it. Next up, here's a little insights. Yesterday we touched upon Silk Road founder auctioning items raising 1.8 million and then an anonymous 300 Bitcoin donation came through worth 3, sorry, 31 million. And they did a little examining here. Zach XBT and because there's a lot of speculation that he just gift himself the 300 Bitcoin from one of his old original addresses. Well let's dive a little deeper. Ross Albrecht's recent receipt of the 300 bitty is from questionable sources, but it is unlikely to be the case where he donated it to himself. My thinking is why if he did allegedly send it to himself, why wouldn't he just keep it in the original wallet? Why even move it to the new wallet to receive donations which going to be scrutinized and studied by these online analysts in the first place. So for me, yeah, I mean I was always a little like skeptical that it was himself, but it was always in the back of the mind obviously. I mean it's a pretty significant donation. But Albrick, the infamous founder of the black market Silk Road received 300 Bitcoin worth 31 million to his wallet. That was soliciting donations. Obviously the biggest donation by far. The funds came from wallets using a centralized mixing service called Jambler, which led some social media users to speculate without evidence that the funds could be all bricks profits from the Silk Road which he might have hidden away before he was nab by the authoritized and sent to prison. However, Zach XBT said on a post that he was skeptical that this is the case because few entities regularly use Jambler in size and he found a potential D mix for the donation. He wrote it is likely it doesn't appear to be a self donation as people were claiming through though it comes from a questionable source due to the flagged address. The latest bitcoin donation came from wallet using Jambler mixing service but not normal privacy enthusiasts use decentralized mixers and he shares the update here on X now he also said one of the addresses involved have exchange activity dating back to the late 2014 while another was active in 2019 when he was allegedly in prison so that hence how could it be him. Both were depositing in size to Jambler at similar times as the 300 bitty Ross donor received from Jambler. Both had dorm in bitcoin From November of 2019 until the mixer deposits made for April to May of 2025. He added in response to the user's query that everyone was accusing Ross of a self donation so if anything this proves it was a donation and not his secret stash because there was activity when he was away locked up in prison. Now Albrick ran Silk Road, which used Bitcoin for payments until 2013 when he was arrested and sentenced to a double life sentence plus 40 years. In 2015 he served 11 years behind bars until Trump pardoned him officially on Jan.21. 21st Coinbase director Connor Grogan said in January he found 430 bitcoin worth 45 million and wallets he claimed tied to all brick and according to Grogan the wallets have been inactive for 13 years whenever seized by the authoritized. So I mean that leads me to believe that there's a very strong probability those are his his bitcoin and so what he should if he was able to huddle during prison God bless him and yeah, I mean now he's worth potentially close to 100 million between that 31 million dollar donation and if he happens to have 430 bitcoin in this other wallet and put two and two together. But blockchain analytics from Arcan backed up Grogan's assessment, tracing 14 Bitcoin addresses connected to the Silk Road with one holding over 9 million. Albrecht recently held an auction of personal belongings bringing in 1.8 million. So the dude is now officially rich. You gotta respect it went from two and a half life sentences.
- [17:02]
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- [17:29]
Crypto Host JV
To financially free bitty legend OG getting praise from 100 million bitcoiners. I mean, that's. That's the bitty life for you. The collection included personal effects from before the 2013 arrest, such as a sleeping bag, a backpack, a drama, prison memorabilia. So hence, if you ever get locked up in prison, save that ID card. You never know, you may get out and get millions of dollars for it one day. Like Ross. But anyways, you guys, let me know your thoughts. Do you think he donated to himself or is just an anonymous gift from a bitcoiner potentially worth hundreds of millions? Potentially billions. You just never know. There's a lot of OGs out. Actually, there's not too many OGs, but there's respectably OGs out there who love Ross and what he represent. But this headline, Meta planet becomes the 8th largest Bitcoin holder with 118 million in dollar buying. That's right. Japanese investment company Meta Planet has become the world's 8th largest corporate HODLer of the biddy, continuing its aggressive strategy to promote the bitcoin adoption across Asia. All I'm saying is this. If Bruce Lee was still alive, he'd be a bitcoiner. Enter the Dragon. It'd be a bitcoin fairy tale. I'm just saying, with a little kung fu mixed in between. The company acquired additional 1088 of the bitty at an average price. And I do understand. Bruce Lee is Chinese, by the way, so not to get it conflicted, we're talking about a Japanese company. But I'm just saying. Asia for the win. Year of the Dragon was last year, for Christ's sake. Calm down. But anyways, 1084 per coin, for a total of 118 million. The investment firm announced the latest acquisition pushed Meta Planet's total holdings to over 8,888 BTC. Another divine omen. That means gains. It's going up forever, Laura. Making it the world's eighth largest corporate HODLer, surpassing Galaxy Digital holdings of 8100 and Block Inc's 8485. Take that, evildoers. Large corporate purchases at prices above 100 GS per biddy suggest growing institutional confidence in the current bull market cycle. The move comes amid the rising financial uncertainty, particularly in Japan's bond markets. Now, Andre Dragosh, head of the European research of the Bitwise Asset Management, shared that the ongoing instability could drive the bidding to the new highs by the year's end. Damn straight it will. Based on today's default probability across the G20 sovereign bonds, it's already above the 200 GS per bitty government bonds are typically considered safe haven assets. However when the yields rise a sharply it's off in a signal investor concerns about the fiscal sustainability of the repayment risk. Oh no. Bitcoin rose to the all time high112May 22 don't get her twisted before retracing 000 to 104 now 105 at a time at a live and where is the prelo biddy likely to go next? Million dollar question. Place your bets. The consolidation after the all time high marked a healthy development that can provide sustainability the foundation for the next leg up for the leverage positions for the reset spot demand consolidation. Quoting a Bitfinex here, Bitcoin's ability to continue to consolidate above the short term huddler cost basis of around 95000 remains the key. That's the key Mr. Miyagi. The coming weeks will likely determine whether the bitcoin latest breakout was a local high or a prelude to the more aggressive leg higher. And I dare say that the best legs in bitcoin Max Kaiser hands down. Meanwhile some analysts are skeptical. They're concerned about the potential bubble forming around the Bitcoin proxy stocks. One man comes to my mind by the name of Peter Schiff. Mice are always flooding the biddy and the IMF always fun in the biddy except expect nothing less. But there you have it. Yo. Let me know your thoughts with that as the the Bitcoin corporate adoption continues as the Bitcoin institutional FOMO like a mofo continues. Here's the latest from Michael Sailor. Headline reads Strategy ends May with 75 million Bitcoin buy as the price tumbles to 103. But lo and behold we're right back at 105. 5. That's right sailor strategy. The world's largest corporate huddler the Bitty revealed its latest bitcoin purchase after the price briefly dropped below 103. Strategy Acquire 705 Bitcoin why so bearish Michael for 75 million between May 26th and the 30th. They announced it officially today. The latest purchases were made at an average price of 1065 per coin, with Bitcoin dropping from 110 last Monday to the intra week low of 1034 by the week. And again the purchase marked the company's last bitcoin buy in May bring in Strategies Total holdings to 580,955 BTC acquired for $40.7 billion at an average price of 70,000 per prelo biddy going up forever. Laura the bitcoin Yield is now 16.9% year to date. Not too shabby. That's actually pretty damn good. So yeah, the latest purchase brought the year to date bitcoin yield to 16.9%, up 0.5.1% from the previous 4020. I mean if that doesn't tell you happy 420, I don't know what will. The quarter to date bitcoin yields now 5.4% strategy seeks to reach the bitcoin yield to 25 year to date by the end of the year. Pro Paint days are back at Lowe's and Milo's Pro Rewards members can save even more with limited time deals right now. Buy one get 1/2 off off select HGTV Home by Sherwin Williams Primer and Ceiling Paint plus get free same day delivery to your job site when you order by 2pm Offer valid through 613 Delivery by 8pm Subject to driver availability. Additional terms apply c loads.com SameDay Delivery for details the company previously targeted a 15 yield, but increased it May 1. Strategy's new Bitcoin acquisition followed another series of Class A sales by Strategy Director Jared Patton, and according to the Strategy report of the proposed sale securities filed on May 30, Patton sold 3,750 shares in the period between May 22 and the 29th, worth nearly 1.4 million. Strategy stock trading under the ticker MSTR saw downward pressure following the sales, briefly falling below 360 bucks on both May 28th and the 30th. Strategy shares recovered to close last week at 369 bucks, but we're trading at 1.6% down in pre market. Any of you have exposure to MicroStrategy or any MicroStrategy related stock, do let me know. Despite the recent drops, strategy stocks up 23 year to date with annual gains of 123. And according to strategy analyst Jeff Walton, Sailors Company is well positioned to become the number one publicly traded equity company in the entire market one day due to the massive stake of the biddy. And at this time strategy owned nearly 581, 000 Bitcoin, which is almost 3% of the entire supply, which is literally mind boggling. And if you don't know Sailors going to Continue to Buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy Continue to buy. We should Make a song called Continue to Buy. Continue to buy. Continue to buy. It's like the low engine that could it. Continue to buy, Continue to buy, Continue to buy, Continue to buy. Btfd Just saying. Next story of the day. This is the big news. Our next two stories here. As you can read in the headline, Russia's largest bank, Spurbank, launches structured bonds tied to bitcoin. The structured product gives exposure to bitcoin price changes and US Dollar slash Ruby exchange shifts. If I'm pronouncing that currency right, ruble Ruby. Not sure, but it says Ruby. Someone clarify that in the chat for me. Max Geyser says smart on the back of the news. The bonds let holders earn based on two variables. The future performance of the biddy and US Dollars and any strengthening of the dollar relative to the ruble. So let's dive a little deeper into this one. Spur Bank, Russia's largest bank, has introduced a new structured bond that tracks the price of Bitcoin and the dollar to ruble exchange rate. Initially available over the counter to a limited pool of qualified investors, the bonds let holders earn based on two variables, the future performance of the biddy and US Dollars and any strengthening of the dollar relative to the ruble. That's like an oxymoron. Anything stronger than the dollar. That's hilarious. Investors can access the instruments without opening a crypto wallet or using foreign crypto exchanges. With all the transactions being processed in rubles with Russia's legal and infrastructure systems, the bank plans to list similar structured products with crypto exposure on the Moscow exchange, according to the recent announcement. Spur bank, per the announcement, is also launching bitcoin futures products via the Spur Bank Investments platform June 4, two days out, which would be on this Wednesday, aligning with the launch of the product on the Moscow exchange. Game on. The announcement comes just after the bank of Russia said financial institutions in the country can offer crypto link instruments to qualified investors. So there you have it again. Max says this is extremely smart. This is the d dollarization occurring in real time. I mean, also we have the, what is it called, the movement of all the countries coming together. Bricks, of course. And Russia is obviously a part of that and obviously they're making their moves. We all know the dollar is going to get it returned to its original intrinsic value alongside all the fiat currencies which always do. So game on. Another sign of the times, moving away from the dollar. And yeah, I mean, bitcoin adoption is here to stay. If you don't adopt Bitcoin, you'll Get left behind. I mean yesterday's pod we discussed my. According to Michael Saylor, the Bank of England is on the brink of buying bitcoin. And if you're not familiar with how evil the bank of England is, I mean you can put the to do the math but you already know. So everyone's adopting bitcoin. Sign of the times, game theory in full effect. And shout out to your high priest, your holiness Max Kaiser. I want to give him a special shout out. And also let's go to his wall real quick. I want to point some things out here. Let's check out some of his recent posts. He says sovereigns are figuring out the bitcoin protects against inflation and instability 100%. Now also he wrote and this is quoting the bit Christ. What does the bitcoin singularity eat? It eats, decrepitude, boredom, death, ugliness and above all it eats cheap vulgarity. It eats energy and shits perfect money. I mean brilliantly put right there. The new McCrispy strip is here. Dip approved by ketchup, tangy barbecue, honey mustard, honey mustard, Sprite, McFlurry, Big Mac sauce, double dipped in buffalo and ranch, more ranch and creamy chili. McCrispy strip dip. Now at McDonald's he reposted this. Hold your own keys, have multiple passports. Build your own curriculum. Birth kids at home, be your own doctor. Control your food supply. It takes effort, commitment and capital to opt out of the broken systems. But it's worth it. That's right, unplug from the matrix, fam is ultimately what she's trying to say there. Don't be dependent upon the government whatsoever. And I'll leave you with this. Who wants two free tickets to the Max and Stacy pool party? Hey, sign me up please. Tournament January 8th to the 10th. It's going to be lit and your boy JV will be there and make sure to give that a repost for the Max Kaiser and Stacy Herbert. And you already know, everything goes to zero against the pre Low bitty. Going up forever, Laura. All right, fam. Now for our feature story of the day, Fun Strats. Tom Lee was just interviewed on CNBC and gave his most bullish bitcoin prediction of all time. He says bitcoin could easily hit hit 3 million per coin long term and smash 250000 before the end of this year. Let's break it down. Shout out fun strats. Mr. Thomas Lee. And I gotta respect him because he's a very conservative analyst. Very conservative. So for 3 million to come out of his mouth. That's pretty big deal. So let's break this baby down, shall we? Headline here reads Fun strats. Tom Lee raises 2025 Bitcoin target to 250 GS baby. And sets 3 million as the long term value. That's right. During the interview on Squawk Box, Tom Lee highlighted the bitcoin recent price swings. We saw the asset plunge from the all time high, which is currently 112, which was achieved on May 22nd less than two weeks ago. And then we just bottomed out at like 103 earlier today and we're around 105 at the time of the live. But despite the retracement basement, Mr. Lee remained optimistic about the assets prospects, asserting that the video is consolidating around this level. Tell me something I didn't know, Captain Obvious. He suggested the bitcoin has great stats given that 95 of the Bitcoin has already been mined. Yeah, let that sink in, family. And for perspective, roughly 20 million bitcoins representing around 95 of the bitcoin maximum supply of the 21 million coins are currently in circulation. And the final bitcoin will be minted in the year 2140. So that's like 120 years from now. Wild. And despite nearly all the bitcoin currently in circulation. And keep in mind, micro strategy, now known as strategy, owns 3% of that supply. Black Rock owns over 3% of that supply. Governments have roughly 3% of the supply. Yeah, I mean there's literally 4, 5, 6 million Bitcoin stalemated and stagnated, which will never move again. Satoshi's wallet has rough or wallets has roughly 1.1 million of the supply. And I share that. Just to put in perspective how scarce the bitcoin asset truly is. Therefore, Tom Lee speculated that more potential buyers could join the bitcoin revolution bandwagon over the next decade. Precisely. And as a result, he predicted bitcoin has a massive upside potential this year. Couldn't agree. More notably, Kernan asked him whether he still thinks the bitcoin will reach the initial forecast. So his initial forecast was 150000 by the end of the year. But check it, here's how he responded. Mr. Lee speculated Bitcoin surpasses 150, 000 territory and aims for the lofty targets of 200 to 250, 000 thousand. Achieving the 200 to 250, 000 target would require the Bitcoin price to increase by roughly 92 to 140% from the current level. And again he's a very conservative guy. I dare say that's my bear scenario as I've been calling each and every day. JV Inipinator we're calling 222000 bear scenario 2025. Mark that right now bookmark this stream. And we're calling bear. Oh that was the bear. The base case. 420 of course for the Broskis and 1.1 million for the bull scenario. Max Kaiser's calling for 2.2 million. Samson Mouse calling for a million Omega candle. Send it. But back to the forecast. When asked to forecast the bitcoin terminal value after the last bitcoin is mine by the year 2140 Lee predicted Bitcoin would at least match gold's valuation. A 23 trillion conservative. I think we're going to blow past gold and especially 100 years from now gold might not even be a thing. Gold may be like extinct along with Peter Schiff's bloodline. I'm just saying there's no telling. And based on the projection Bitcoin could trade at a minimum of 1.15 million. Why so bearish Mr. Lee? Assuming only 21 million bitcoiner in circulation, the use of 20 million bitcoin rather than maximum 21 million is based on assumptions that the entire total supply will never be in circulation due to the permanent loss. Exactly. I dare say 5 to 6 million bitcoin will never move ever. Which leaves us down to like 15, potentially 15 million bitcoin there will ever be in circulation then what if people like Micro Strategy have millions of bitcoin by that time? Do you think he's ever going to sell? I mean he's made a living saying he's going to buy the top forever and never selling. So you tell me yo. Further lease sets bullish terminal targets for the bitty forecast and it can can soar to 2 to 3 million per preload biddy or even higher. This puts his average terminal target of the biddy at 2 1/2 milli. Again very conservative representing a surge of 2300 from the current value. And as previously reported purported leading asset management giant Vanek predicts the bitcoin can rise to 3 milli. In fact I shared a target of fidelities Jury and Timmer suggesting 1 billion per coin within the next 13 years. Let that sink in. Which would mean by the year 2038. Could you see that? Holy. That would mean the dollar dam already collapsed and that can happen I mean, anything's possible. And according to Matthew Siegel, Van X had a digital asset research. Bitcoin will reach 3 million by 2050. Again, extremely bearish. But you guys let me know your thoughts, and I'll read your comments out loud. And welcome everyone, to the Q A segment of the live stream. 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.