← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
2020: Bitcoin to $1 Million - Why You Need to Know THIS Before It Happens
00:28:35
Bitcoin hitting $1 million per coin might sound like a fantasy to some, but to others, it’s not a question of if, but when.
Loading summary
Transcript1 lines
- [00:00]
JV
Welcome Bitty Fam to the number one bitcoin pod in today's show. I'll be sharing the latest technical analysis. Also, breaking news, Japanese video game developer Gummy purchases 1 billion yen worth the Bitcoin. Let's get it. Also, President Trump says he's working to create a clear and simple market framework that will allow America to dominate bitcoin and crypto. Let's go. President Trump. Also, bitcoin adoption, fueled by deglobalization is Trump's biggest beautiful bill. We'll also be discussing breaking news. GameStop plunges 12% after proposing a new 1.75 billion debt offering. Max Kaiser responded, he's the fool of the month, referring to Ryan Cohen, the CEO of GameStop, by saying we're focusing on trading cards. That's right, all the focus should be on the prelo b Going on forever, Laura. Just saying. Also, centralized Bitcoin treasuries now hold 31% of the Bitcoin supply, according to Gemini. We'll also be discussing Michael Sailor shares how no vid 19 chaos drove him to Bitcoin. That's right. We'll also be discussing Bitcoin to 1 million the road map and why you need to know this before it happens. 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 Bitty Fam? Important update Moving forward, I will no longer be streaming on YouTube or posting any of my content on on the YouTube platform. Instead I'll be live streaming daily exclusive on X and Rumble as this is first and foremost a video show. So if you want the full premium live stream experience with video, visit my rumble@CryptoNewsAlerts.net again that's CryptoNewsAlerts.net if you're new to the Rumble, important to smash the likes. Go ahead and follow us. As you know we're no longer supporting YouTube. We're not streaming on YouTube moving forward any longer. So we can use your support on the Rumble. We have over 4,000 thousand followers already. Direct rumble link is cryptonews alerts.net and please also support us on the X as we're streaming live every day X and Rumble which are uncensored platforms, we're no longer supporting the YouTube today is 6-12-2025. Bitcoin did pull back some. I'm your host JV with my co host, the one and only Nipinator. Keep them nipinating but let's kick it off with our market Watch as we do each and every day. Bitty family and it should be pulling up here any second now. So as you can see, bit of a market correction from Yesterday we were 110, today we're 106.922Pre low bitty down less than 2% on the day. But it's not just bitcoin, it's virtually the entire market. Ethereum is down almost 5%. Cardano, XRP, TRON, BNB, you name it. And checking out coinmarketcap.com let's see what we're coming in. 3.35 trillion. The all time high is 3.75 trillion billion. So a little bit of a distance there. The bitcoin market cap today is $2.12 trillion and we have roughly 63.4 bitcoin dominance. Ether dominance has been back on the climb with 9.7%. Checking out top 100 crypto gainers past 24 hours. Tether Gold leading the pack followed by Pax gold and tether not good when stable coins are the only things virtually in the green and gold backed stables. Interesting but there you have it. Everything's crafting today. And checking out a visual perspective via crypto bubbles. You can see the bulk of the entire market wrecked. Zooming out for the week. Fortunately almost everything in the green. But zooming out back on a month really puts it into perspective. Rec city like 90 of the market and for the year I dare say 7030 red over green. And checking out the crypto greed and fear index today we're 71 yesterday 72 last week at 57 last month of 70 and checking out the infamous time chain calendar. We're currently on block number 900956. We're 149000 blocks away from the having of 2028 and you can currently exchange one fiat monopoly dollar for 937 sats. So you know what to do. Bitty broskis and baddies pick up the stats, put down the gats, pick up some bitcoin caps for my man Sergio over@bitcoin gaps.net but anyways now for some astrology for the baddies and we can't forget about the broskis and we'll be pulling up some of the live charts but first headline reads Bitcoin bulls haul 4000 Bitcoin prices dip as the US dollar hits a three year low. The bond apocalypse is a coming Bitcoin bounced near 107 at the June 12 Wall street open as slowing u S Inflation data punished the dollar look at a one hour chart, check it Fresh strength followed promising numbers from the U. S PPI which came in below expectations to show the lowest increase since September of 2024. That trend itself repeated results from the CPI the day prior. A double tailwind for crypto and risk assets. Cooling inflation notionally gives the Federal Reserve room to lower the interest rates faster and sooner, something which would aid liquidity inflows to crypto and risk assets. The Fed has hawkish in its stance on the policy for the year. However despite protests from the President, Mr. Potus the Trumpinator Nipinator's best friend look at the CME group Fed Watch tool now shows market price and in the Fed rate cuts as of September meeting. The June 18 meeting of the FOMC remains tipped to offer no change in rates as a result of the inflation numbers. US dollar strength took a fresh hit with the DXY dropping to the lowest level since March of 2022. As we can see here, the US dollar index chart not looking good USD not looking good Mr. Monopoly Bitcoin traders were meanwhile uncertain about the short term price action after we fell 4,000 in 24 hours. At this point I'm fairly certain Dan crypto trade says that if the price breaks either the current monthly high or low, it'll keep trending that direction for the rest of June and possibly beyond. Eyes on those levels. And Michael Sailor as I covered in yesterday's pod, says Cy to the bearish winter, meaning we're going to have nothing but bullish years moving forth continuing from this year to next year. So let's see if the Gigachad's right with that one. Also we have that hyper liquid trader James Wynn forecasting the day's bounce, quoting him here. As of now the structure is still bullish. Bitcoin rejected local supply now pushing into demand around 106107. This is quite an important level in terms of market structure. If we are unable to hold we'll likely fill the CME gap down below. And also breaking news I want to share real quick. Japanese video game developer gummy purchase 1 billion yen worth of the pre little bitty going up forever Laura at an average price does it break it down here? It was 80 bitcoin in total and I guess it gives you the math. This is the official announcement from that company. That's what's up. Another one bites the dust. Another bitcoin treasury company has been birthed out of Japan. The current largest one is the infamous Meta Planet following the Sailor playbook obviously with the sailor put Also big news from Trump. He says he's working to create a clear and simple market framework that will allow America to dominate Bitcoin and crypto. So Trumpster Trumpinator I should say fully adopting Bitcoin no different than the NATOR indicator. Game on next story of the day Fam regarding Trump's bill. Headline reads Bitcoin adoption fueled by de Globalization Trump's biggest beautiful bill or my favorite word is beautiful. It's beautiful. Bitcoin's institutional adoption is in a new wave of corporate investments which stand to benefit from the more global uncertainty before the trade agreement is finalized or the controversial U S spending bill is passed. U S President Trump is pushing forward on the One Big Beautiful Bail act which he says could cut as much as $1.6 trillion in federal spending. The Great big beautiful bill will grow the economy like it has never grown before, said Trump. It puts our country on the right track plus well guess what, if they can save our country 1.6 trillion, that's a net neutral way to acquire the bitcoin for the executive order. The strategic video reserve for the US let's make it happen. The proposal comes amid the ongoing efforts finalized trade agreement between the U S and China, which Trump on Wednesday said was subject to the final approval by both the governments. Quoting the Trumpster hence the Trumpinator right here. The Great big beautiful bill will grow the economy like it has never grown before. At the same time it is cutting expenses by $1.6 trillion. It puts our country on the right track plus make America great again. Preach now. Elon criticized the spending bill naturally warning it would increase the deficit to two and a half trillion. He's ultimately saying it's not going to save us anything, it's going to cost us trillion. A growing U S deficit may lead to an increase in a money supply through the qe, which refers to central banks buying bonds and pumping the money into the economy to encourage spending through stagnating economic conditions. Meanwhile, Arthur Hayes just blazed said that he predicted bitcoin to climb to 250 per coin if the US Fed Reserve pivots to QE due to the growing inflationary pressure from the trade tariffs. Now more tariff related uncertainty may benefit the bitcoin growing valuation. According to Lucas Automuro, vice president of the institutional defy at Centaura, previously known as into the block quitting them here. Bitcoin has been benefiting from the deglobalization that Trump has been bringing forth during the chain reaction daily spaces he shared that the terrorists created a lot of animosity between international partners and people prompting large entities and nation states to question whether their wealth was safe in the U S economy. Well, I dare say your wealth is only safe if it's in bitcoin and I'm sticking to it. Trump unveiled his reciprocal import tariffs on April 2, measures aimed at reducing the country's estimated trade deficit to 1.2 trillion in goods to boosting domestic manufacturing. The growing bitcoin adoption from the large investors pushed the bitcoin realized cap amongst new whales to a record high of 113 billion on Tuesday. The metric measures total amounts of bitcoin held by the whales which at least have at least a thousand Bitcoin with an average coin age below 155 days if it's less than 155 days as deemed short term Hollers more than 155 days deemed long term hudders or the whales. And as you can see the whales have been accumulating like none other. Which goes to show you a bitty about to go parabolic. Moreover, the average of the age of the bitcoin holder has also been decreasing meaning the more short term huddlers are gaining the bitty exposure. That's a sign the market's getting heated according to the analysts. Well we shall soon see. And we also have bitcoin acquisition companies being birthed like 21 Capital, Jack Mueller's new company offsetting significant amount of the bitcoin selling pressure for the long term huddlers led by Strike Strike CEO Jack Mahlers. They aim to develop Bitcoin native capital market infrastructure allowing products like lending bitcoin backed loans, custody asset issuance, top rate directly on the bitcoin rails and if you don't know now you know this is Gamestop unfortunately made a stupid move. Max wrote here. Fool of the month award goes to the CEO of GameStop, Ryan Cohen. We're focusing on trading cards. You can't make this up. So I my understanding from Max is, I don't know is there a new Pokemon card out there or something he decided to focus on instead of bitcoin? No wonder the stock is dumping. They just plunged 12 which is pretty significant after proposing a new 1.75 billion debt offering. So let's break her down. And GameStop fell 12 in after hours trading after announcing an almost 2 billion dollar private convertible senior note offering extending its debt financing strategy that could fund additional bitcoin purchases. But if the CEO said they're focused on trading cards. That leads me to believe maybe they're not focused on bitcoin as we thought. GME had already slid 5% to 28.55. And how many of you have exposure to Gamestop? Let me know during normal trading hours Wednesday after GameStop reported a first quarter revenue fall of 17% in the after hours trading and not a good look for the stock. The US Video game and consumer electronics retailer didn't explicitly state that the proceeds would be used to fund additional bitcoin purchases, which leads me to believe it won't, but said it intends to make investments in a MANNER Consistent with GameStop's investment policy in addition to potential acquisitions. So whatever that means, part of GameStop's most recent one and a half billion raised through convertible notes was used to purchase as you know, 46, 710 Bitcoin, which was announced at the Vegas conference worth a half a billion at the time. That was on May 28th. Convertible senior notes have been increasingly common financial instruments for public companies seeking to bolster their bitcoin treasuries. I mean, who made that famous as the sailor put with strategy B? GameStop's 4710 Bitcoin stash is currently positioned as the 13th largest corporate Bitcoin holder, according to Bitcoin Treasuries.net data is outlined there. The 1.75 billion private offering carries 0% interest rate, with the convertible senior notes due in virtually seven years June 15, 2032. The offering includes an option for initial purchasers to buy an additional 250 million worth of notes. The notes are convertible into either cash, GME stock or mix of both, depending upon GameStop's decision. The latest offering comes as GameStop reported a 44.8 million profit in the first quarter, reversing 32 million loss from quarter one 2024. However, revenues fell 17% to 732 million, missing industry expectations and triggering a considerable fall after hours on June 10. And according to Google Finance, GME shares have now fallen 18 and a half percent since GameStop confirmed its first Bitcoin purchase on May 28. When factoring the 12% fall in the after hours, Gamestop has now erased all of its gains made since March 25 when it first announced plans to invest in bitcoin. That leads me to believe when you invest in bitcoin, go all in on it and show the you know people of your company how serious you are. Because who knows what you're up to with investing in trading cards or Pokemon or whatever the you're up to GME stock movement contrasts with most public companies that have seen their share prices rise after announcing Bitcoin purchases or even plans to do so. And again quoting Max fool of the Month award Ryan Cohen, CEO of GameStop we're focusing on on trading cards. I mean, can't make this up, but there you have it. Yo, there's the latest regarding the 31 of the supply as per Gemini they say is held in centralized treasuries. So my first time reading this, so check it. Almost a third of the bitcoin supply is held by controlled or controlled by centralized treasuries early adopters or hold disproportionate share according to recent research done by Gemini and Glass Node. And that'd be Glassnode Analytics. Centralized treasuries including governments. Okay, this includes governments, ETFs and publicly traded companies now control 30.9%. How is that possible? I'm trying to do the math, so this is actually stimulating to my brain here. Let's break it down. Signaling a growing shift towards institutional grade infrastructure. Now I do understand BlackRock alone has 5% of the supply. Obviously that's an ETF. Then you got to add in all the other ETFs, maybe collectively that's 10% of the supply. And then you got to add in Michael Saylor that's now 13 of the supply. Then you got to add the government of the US which is now 16 of the supply. Maybe government from some other countries. Maybe we're at 20 of the supply. Okay, now the numbers are starting to make sense, but let's dive a little deeper. The total Bitcoin held across major institutions and custodial entities has surged to 6.1 million BTC worth 668 billion, representing an increase of 924% in supply held by these entities over the past decade. According to the report, the surge of Bitcoin holdings by treasuries, governments and institutional funds indicates these entities view the asset as a strategic store value. Here's what they stated. During the same period, the spot price of Bitcoin has climbed from under a thousand to over a hundred thousand per coin, reinforcing the thesis that institutions increasingly view Bitcoin as a strategic asset. However, the chart includes centralized exchanges that hold around half that figure, and these assets may be held for individual customers and retail investors. The report also observed that across all the institutional categories, the top three entities control between 65 and 90% of the total holdings, signaling early adopters continue to shape the institutional market structure. This concentration is most apparent in the D5, the public companies and the ETF fund. In contrast, private company holdings appear to be distributed, reflecting the broader base of engagement. Earlier in the month, it was reported 61 publicly listed companies hold over 3% of the total bitcoin supply, as outlined right here. Top entities by Bitcoin Holdings According to the Gemini recent report. Now the research also found sovereign treasury wallets show infrequent movements and little correlation with the Bitcoin price cycle. However, they hold enough of the asset to impact the markets when the coins are moved or sold. It cited government treasuries in the United States, China, Germany and the uk, where most Bitcoin is acquired through legal enforcement actions rather than market participation. These holdings represent a structurally distinct class, dormant but capable of moving markets when activated. The report concluded that with almost a third of Bitcoin circulating supply now held in centralized treasuries, the market has undergone a structural transformation towards institutional institutional maturity we're hitting puberty folks. Although although Bitcoin remains and I'll save this comment for later Although bitcoin remains a risk on asset, its integration and traditional finance has also made price action more reliable and less driven by speculative extremes. So there you have it. Yo. Let me know if that's all new to you. I wouldn't have realized over 30 of the, you know, bitcoin circulation is tied up in that aspect. Let's get into it. The next headline is regarding everyone's favorite Michael Saylor. He shares how Covid I refer to it as novid and hopefully you guys understand why I say that. I've been saying that since 2020. By the way, maybe I even coined the term how Novid 19 chaos drove him to Bitcoin. And this is a true story. Strategy founder Michael Saylor said the Novid 19 era restrictions in the US central bank monetary policy at the time are what ultimately motivated him to invest in Bitcoin in 2020. That's a fact. During the interview he was just interviewed on Jordan Peterson's pod that aired on Monday, Sailor said he became deeply interested in Bitcoin in 2020 following what he called a war on currency. Amid the plan, Demic induced global lockdowns and diminished interest rates in the United States. He says it wasn't the war on novid, it was the war on currency. And that's precisely what it was. It was also a war against the people, obviously with the poison jabs. In the email to employees at the time, Sailor wrote that the Novid 19 restrictions were soul stealing facts and deli deb. What's that term? Debilitating. To embrace the notion of social distancing and economic hibernation. He described the year 2020 as a bifurcation of. I don't even know what these terms mean. You guys help me. And Main street of Wall street where small and medium sized businesses and workers were destroyed. Oh, I agree with that. That's exactly what it was. It was an attack on small business owners because guess what stayed open? Walmart. And then they shut down all the small business owners and destroyed their businesses. I think this was obviously by design, so I agree with that. By restrictive policies that shut down stores and workplaces while investors in Wall street fat cats were doing very well. In fact Walmart and Amazon were making record breaking profits insanely enough. So it was okay during novid to go into the Walmart but you couldn't support your local business owner, the lizard folk. Sailor said his only lifeline was 500 million in cash. So let that sink in. During Novid in 2020 all micro strategy had to their name was 500 million in cash reserves held by Micro Strategy. But the interest rates were near zero due to the Fed intervention to that cash did not earn a yield. Central banks were printing money, he said, forcing the rates down. The novid lockdown takes place or took place with massive panic. But the most perverse thing imaginable was stock markets recovered by the summer of 2020 because the Fed was still printing money. We had hyperinflation in financial assets which made investment managers and stock traders rich. I had the asset cash that was now per non performing. So I had to choose between a fast death or slow death. And so it was time to make a decision to choose a side. This is where the infamous metaphor of the melting ice cube comes into play. That 500 million is the melting ice cube. Hence only keep an amount of fiat that you can afford to lose. Due to the purchasing power of the fiat diminishing and due to the inflation now ongoing with the war on currency. He says it it took me 30 years to accumulate the money. Excuse my French. Why should I give up 30 years of my life? Good point. This was when he started looking for a solution stating I want to be one of the guys who owns things, but I don't want to own sovereign debt. Sailor considered real estate, stock portfolios and even collectible art as investments. But the first two had already skyrocketed due to the zero interest rate environment quitting them here. How do I find 500 million worth of Picassos and may attractively priced. I need a liquid fungible asset which will store my economic energy for an indefinite period of time. Hence the bitcoin investments begin quitting them again. I am watching the world burn while the Wall street guys get rich, he said before asking his long term friend and founder of Blockchain investment group Eric Wise about Bitcoin and crypto, which he originally thought was a scam during the 2018 bear market. And that's right and even dating back to 2013 he has an infamous post where he claims Bitcoin was going to suffer the same fate as online gambling. And lo and behold, Bitcoin and online gambling are killing the game right now. Sailors started studying crypto using YouTube videos, podcasts hey now and books that came to the opinion of the solution of non sovereign store value bearer instruments of which gold has been the best of those Microstrategy then made its first bitty purchase the rest the of its history. That was back in August of 2020 scooping up 21,000 coins initially for a quarter million which was half their stack. The company is now the world's largest corporate holder of the asset with 582,000 Bitcoin now worth 63 billion. So Sailor, let this sink in. In five years Bitcoin saved this company from 500 million, that's all they had left to now worth over 63 billion due to the Bitcoin play and they've been crushing it ever since. So all hail the Gigachad. You ain't seen nothing yet and that's pretty, pretty impressive. Now for our feature story of the day. We're going to be discussing the road map for bitcoin to hit $1 million and why you need to know this information now before it happens. Because before you know it. 1.1 million bitty. Just saying. You just put the decimal point in between the ones and you already know. But let's break down this latest article which was recently published. Bitcoin hitting 1 million per coin might sound like a fantas to some, but to others it's not a question of if, but when. Precisely my thinking. With mounting global economic pressure, institutional interest and the Bitcoin fixed supply of 21 million coins, the path to 1 million is a lot more realistic than you may think. Couldn't agree more with that. So here's what you need to know before the inevitable let's start with the math, shall we? The Supply Shock There will only ever be 21 million of the biddy and over 93% is already in circulation. In fact, we discuss where all of it is currently at a little earlier, with increasing institutional accumulation and then adding the ETFs absorbing thousands of Bitcoin weekly, we're witnessing a real time supply shock. Keeping in mind there's only roughly is it like 450 bitcoin being minted per day that gets bought up just from the ETFs alone, not even adding in the Bitcoin treasury companies and all the other forms of adoption. So as demand rises, the supply tightens. Price is only variable that can move and historically that's precisely what it does. Now let's discuss the institutional inflow is accelerating. We have Black Rock, we have Fidelity and other financial giants which are the now major players of the Bitcoin market. In fact, Black Rock alone single handedly has over 600,000 of the Bitcoin. So with the spot Bitcoin ETFs approved to the US billions of dollars have already poured in and we're just getting this started. Analysts project that if only 5% of the global high net worth portfolios allocate to Bitcoin, it could easily push Bitcoin to the seven figure territory. Easy peasy. Now let's discuss global dollarization and Bitcoin digital gold. As fiat currencies face continued inflation, inflation or debasement and economic uncertainty, investors both retail and sovereign are turning to Bitcoin as the old ultimate hedge. Countries experiencing hyperinflation, the obvious, Argentina, Turkey, Nigeria are seeing spikes in Bitcoin adoption. Meanwhile, central banking cartels are slowly exploring Bitcoin as the neutral borderless store of value. Including JP Morgan Chase and their CEO Jamie Demon. Bitcoin is no longer just the Internet money, it's becoming a monetary safe haven. But what do the models say? Well, Stock to Flow predicts bitcoin can reach 1 million between now and next year if the trends continue Post having Let me know if you agree disagree with Plan B In the stock flow model we also have the logarithmic growth curve still place in Bitcoin within the expansion phase of the long term super cycle. If you're not familiar with super cycle, you're probably not familiar with the term Super Saiyan. And ultimately a super cycle is when Bitcoin goes Super Saiyan. And if you don't know what a Super Saiyan is, you need to watch some Dragon Ball Z and do some homework already. Plan B and other analysts argue 1 million bitcoins inevitable by the end of the decade due to the exponential adoption. I I agree with that as well. I also agree 1 million is an inevitability and bitcoin will go up forever. Now a 1 million. Bitcoin isn't just a number. It represents a paradigm shift in global finance. If bitcoin ever hits that level, in which it will, Fiat currencies have likely devalued dramatically, and that's what's happening in real time. Traditional finance has fully embraced digital assets. That's happening in real time. And the early adopters are no longer early. They're the elite. So anyways, let me know regarding that 1 million inevitability and are you prepared? Are you ready? Mom Spaghetti? Let me know and we'll now discuss whatever you guys have on your minds and we'll play some music and have some fun here. Are we going to 112 or 1.2? Who cares? Scooby Doo Bitcoiners are Scrabby doo. Do they go up forever? Precisely. Scrappy Doo never feared the mass men. Scrappy do is like take off the mass. My Uncle Scooby may be scared, but I ain't scared. I'm Scrappy Do. Exactly. And don't forget to check out cryptonewsalerts.net for the full premium live stream experience with video and to participate in our live Q A. And I look forward to seeing you on tomorrow's episode. Hoddle Sam.