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2038: “Bitcoin Price Is Too Low, Should Hit $500K-$1M This Cycle”
00:39:52
Bitcoin price is strangely low right now and could surge to $500,000 or even as high as $1 million per coin this four-year cycle, according to Blockstream CEO and BTC OG Adam Back.
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- [00:02]
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- [00:28]
Ryan Reynolds
Guarantee hey, it's Ryan Reynolds here from Mint Mobile. Now I was looking for fun ways to tell you that Mint's offer of unlimited Premium Wireless for $15 a month is back. So I thought it would be fun if we made $15 bills, but it turns out that's very illegal. So there goes my big idea for the commercial. Give it a try@mintmobile.com Switch upfront payment.
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- [01:01]
Ryan Reynolds
Welcome everyone to the number one Bitcoin pod in today's show. I'll be sharing the latest Bitcoin technical analysis. And guess what? The June closing price was $107,179 making it the highest monthly close in Bitcoin history. Also in today's show, Doa bank to launch crypto custody accounts in 2026. I'll be breaking down this latest report as well as the US Senate passes Trump's budget bill. However, no provision on crypto taxes or womp womp. We'll also be discussing Trump link American business raises 220 million for mining treasury. We'll also be discussing Bitcoin targeting 200,000 here obviously in 2025 as profit metrics enter cautiously optimistic zone. And speaking of bullish price predictions, Bitcoin price is too low. It should be between 500,000 and a million this cycle according to the Bitcoin OG Adam back. Also I got a 2.2 million prediction from Max Kaiser million prediction from Arthur Hayes just blaze plus a bonus 1 million prediction from cz. 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 over on the YouTube platform. Instead I'll be streaming live 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. Go ahead and visit my Rumble at bitcoin news alerts.net Again that's bitcoin news alerts.net if you are new to the Rumble, important to give us a follow. We're the number one bitcoin pod and the most consistent in the space. Today is episode 2038. I'm your host JV, my co host. Alongside me, the one and only Nip former Chairman of the SEC. And happy first of the month. It is July 1, 2025 and guess what? We just got the highest monthly close in Bitcoin history above 107. Next leg up price discovery incoming. Let's kick it off with our market watch as we do each and every day. As you can see on your screen, Bitcoin currently correcting along with the rest of the market. Yesterday the bulk of the market was in the green. XRP is the big loser on the day 6.6%. Ether down 4%. And like I said the bulk of the market correcting and in the red and checking out coin market cap dot com. Yesterday we were at 3.33 trillion overall crypto market cap. Today we're down 3.24 trillion. Bitcoin market cap staying strong just shy of 2.1 trillion. And we have about 100 billion worth of volume for the past 24 hours. Bitcoin dominance today coming in at 64.7% with the ether dominance coming in at 9% and checking out top 100 crypto gainers past 24 hours. We got pudgy penguins up 3%. A very modest gain as the bulk of the market's correcting and in the red virtually everything. And checking out the crypto bubbles. Get a visual perspective on the day. Safe to say 95 of the market wrecked. Zooming out on the weekly very similar scenario. Zooming out for the monthly very similar scenario and zooming out for the yearly. I'd say maybe 8020 wrecked red over green. Only a handful actually pumped. And checking out the crypto greed and fear index today on the first of the month we're coming in at a 64 greed yesterday 66. Last week at 65 and last month of 56 in greed and checking out the infamous time chain calendar. We have literally 146458 blocks until the having a 2028. And as of today we're on the 1st of the month of July 2025. We're on block height number 903,542. And you can currently exchange one fiat monopoly dollar for 947 sats so you know what to do. Pick up the sats, put down the gats and pick up some bitcoin caps from a man Sergio over@bitcoin caps.net and again welcome everyone joining us. We're about to dive into our ta AKA Astrology for the broskis and we'll pull up some of the live charts as we always do. Headline Reads Bitcoin Due to copy the S P5 Honda to hit a new all time high in July. I think it's inevitable as well, especially after experiencing the highest monthly close we have ever seen. Here's the proof of work. Shout out Plan B creator of the Bitcoin stock to flow model. But I will dare say stock the flow has nothing on the Nipinator indicator, the number one Bitcoin indicator with 100 accuracy. But as you can see he wrote Bitcoin June closing price 107 179A new monthly close all time high Like Clockworks a new all time high Price Discovery.
- [06:01]
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- [06:33]
Ryan Reynolds
Send it so yeah, Bitcoin traders expect one of its best performing months even as July starts in the red. The latest price forecast is copying the US Stock markets to enjoy fresh gains over the coming month. Bitcoin should end July firmly bullish as historical data favor solid risk asset returns over the coming 30 days. As noted by the Mikey Bull, the seventh month of the year has proved to be a successful for the US stocks, with the S&P seeing 10 straight green July months in a row. So if history is to repeat, game on, we should have a very bullish month for bitcoin. July has been even more lucrative than May and June, both of which have ended red for the S and P once or twice since 2015. Now for Bitcoin, the picture is rather more mixed. Data from monitoring resource Coin Glass showed May and June have witnessed wide variations in price performance, while July has fared better with maximum losses under 10%. Quoting the crypto fella, Bitcoin on the edge of the breaking out likely to match the S and P for the new All Time highs in July. Now despite the optimism, Bitcoin began July in a lackluster style dropping to a month to date low of under 1065. At the time of the live coin glass confirmed the band a bid support and placed in at 1062 which shorts just above 108 still untouched as looking at the heat map there something the current setup showed. According to Dan Crypto trades was amongst those unfazed by the absence of the new attacks on all time highs still consolidating in the current range and channel. With a new month and quarter we often see a choppy start after which price chooses a direction later on. Give it some time to play out and watch for confirmations. We'll be watching. All right. And also another trader points out Bitcoin has formed a double top and a double bottom pattern within the consolidating range 101 to 109. The internal support resistance could be tested again before breaking the 109 range high as outlined right there in the chart. And that's now let's pull up some of the live chart. Do a little live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton for the baddies. Of course you can see bitcoin currently dropping in real time. We're holding above 1055 at a time of the live stream. This is the the one hour chart. Clearly we are moving to the downside. Let me know where you think we'll bottom out. Zooming out from the one hour, we'll take a look at a four hour in the daily. Yesterday there were mega bull candles on both charts. We still got the purple candle here which is a bullish flag sitting at 137. Current all time high was achieved on May 22nd sitting at 112. So to reenter price discovery we need to break the current ceiling which is 112000 and we could hit this next leg up. Let me know when you feel we'll likely do that. And zooming out from the four hour, let's take a look at the daily. Checking it out right here you can see today in the red, yesterday in the red. But we did have like an entire week of green consecutive candles which was a nice run. You can see the bullish flag formation in the purple followed by the target on your daily chart here which is also a bullish flag sitting at 146, 581. And again that's particularly the daily chart. Now next we'll zoom out to the weekly. We did just get the second highest weekly close in bitcoin history which was pretty nice but we have been correcting since then since the Sunday close. We also have the rising wedge formation sensation. You also notice we had seven green consecutive weeks which is the most we've ever seen. Then we had a few corrective weeks, then we had a green and here we are correcting again. We also have124,000 sexy cup and handle target on the weekly chart which you can see on your screen. And we'll get one more look here. A little broader checking out the monthly being we just got the monthly close yesterday and already forming a red candle on the day, but it's only the first of the month. We did get three green consecutive candle closes on the monthly which is bullish momentum return which is nice to see after having a couple corrective months. But you guys let me know where you feel the pretty little bitty will likely take us next. Let's transition into our next story of the day regarding the bitcoin banks. That's right, the banks are in town. Deutsche bank to launch crypto custody accounts in 2026, according to this report. And let me know if you're in Europe. Germany's biggest bank Deutsche bank is reportedly planning to allow its clients to store cryptocurrencies like bitcoin next year. We all knew it was inevitable, right? Deutsche bank plans to launch a digital asset custody service in 2026 in collaboration with the technology unit Austria based Bit Panda Crypto Exchange, according to a Bloomberg report. The cryptocurity services development will also involve Deutsche bank back Swiss tech provider Taurus, according to the Bloomberg, citing familiar sources with the matter. If confirmed, Deutsche Bank's latest plans would mark the bank's latest attempt to enter the crypto storage market since it reveals such ambitions. This episode is brought to you by Indeed. When your computer breaks, you don't wait for it to magically start working again. You fix the problem. So why wait to hire the people your company desperately needs? Use Indeed's sponsored jobs to hire top talent fast and even better, you only pay for results. There's no need to wait. Speed up your hiring with a $75 sponsored job credit@ Indeed.com podcast. Terms and conditions apply in 2020. Deutsche bank has signaled increasing interest in crypto in recent years. For example, back in early June, Deutsche's head of digital assets, Sabi, said the bank was considering entering the stablecoin market, including issuing its own stablecoin or joining stablecoin projects, quoting the bank here, we can certainly see the momentum of stable coins. Along with the regulatory supportive environment, especially in the United States, banks have a wide variety of options available to engage in the stablecoin industry, everything from act a reserve manager through issuing their own stable either alone or in a consortium. And additionally, Deutsche bank is also reportedly accessing whether to develop its own tokenized deposit solution for use in payments. Late last year, Deutsche bank was reportedly developing its own layer 2 blockchain on Ethereum using the ZK Sync technology. And then in 2023, Deuta said it planned to launch crypto custody options in partnership with Taurus soon after applying for a digital asset custody license over in Germany. Deutsche bank had also previously worked with Bit Panda on improving crypto payments at the crypto exchange since at least of June of last year. Deutsche bank did not immediately respond and request the comments when they were reached out to. However, news followed another major German bank, spark asin, which on Tuesday announced plans to introduce crypto trading services to 50 million customers. So obviously it's going to become more and more mainstream as more and more banks continue to embrace Bitcoin and crypto custody. And that's precisely what we're witnessing. Now that the US Administration and the POTUS is fully on board, many other countries and governments and banks around the world are doing the same thing and especially with adopting the stable coins etc. So yeah, I mean, not surprised. But at the same time, congrats to each and every one of you for front running the banks, Wall street and the institutions. Well done Bitty Broskis and Bitty Baddies Next Story of the Day this is the big news. This is the big story regarding the Bitcoin Taxes. Headline reads and this was just published right before I went live, so I haven't even read it yet. US Senate Passes Trump's Budget Bill without a Provision on the Crypto Taxes I mean that was the only thing I was looking forward to personally was a big announcement saying we have removed all capital gains taxes on bitcoin purchases. But unfortunately it doesn't seem to be that way. Republicans of the U S. Senate narrowly passed a budget reconciliation bill strongly pushed by President Trump and heavily criticized by many members of both parties for concerns about health care cuts, AI regulation and redistribution of wealth through tax cuts. In a 5050 vote on Tuesday. That's today, more than 24 hours in session, the Senate passed the One Big Beautiful Bill act, with Vice President J.D. vance acting as a tiebreaker. All Democrats of the chamber and three Republicans voted against the legislation, with many proposing amendments to address concerns around AI regulation and funding rural hospitals. Amid debate on the bill, Senator Cynthia Lummis suggested she would add a provision to address what she called unfair tax treatment of crypto miners and stakers, which we discussed in great detail in yesterday's pod. If you missed it, be sure to check it out. Also update you from Cynthia here in a bit. However, her proposed changes to the bill did not appear in the amendments brought to the Senate floor on Monday or Tuesday, and the legislation passed without even addressing the crypto taxation. What kind of bullshit is that? As Senator wrote here, for years miners and stakers have been taxed twice. That's doubly once when they received the block rewards and again when they sell. It's time to stop this unfair tax treatment and ensure America is the world's bitcoin and crypto superpower. And that got over 900,000 views, yet fell upon deaf ears apparently. So following the vote, Lummis said the bill in perfect but a major step in the right direction. It'll return to the U. S. House of Representatives where the chamber will address the Senate's amendments. Republicans hold the slim majority in the Congress and face significant opposition from the Dems over the bill. And one more quote here from Senator Warren, everyone's least favorite Senator Donald Trump and Republicans in Congress are planning to write a $15 billion check to Meta simply for existing paid for by cutting health care for millions of Americans. And here's a recent tweet this morning from Senator Warren why this bill certainly isn't perfect. It's a major step in the right direction that further unlocks Wyoming energy and delivers significant wins for working families across Wyoming. Congratulations, potus. My statement on the passage of one big beautiful bill quoting Senator Lummis every weekend in Wyoming.
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- [17:22]
Ryan Reynolds
Today@Polestar.com constituents come up to me to share their priorities for Washington. They're clear about what they expect. No tax increase, a secure border, elimination of waste and fraud and programs like Medicaid and snap and to end biden's green energy scams and most importantly, restoring America's fiscal strength. While the bill certainly imperfect, it's a major step in the right direction that further unlocks Wyoming's energy and delivers significant wins for working families across Wyoming. Congratulations President Trump. We are one step closer to passing these reforms into law. And there you go. Yo, let me know your thoughts on that. Are you disappointed there was not even a mention regarding eliminating bitcoin taxes? Holla at your boy and read your comments out loud. Who cares about the bitcoin taxation? I don't. Why don't spend them? I'm a collector. Good point. If you're in huddle mode, it's kind of all irrelevant at the end of the day, I mean. But anyways, the next story of the day regarding Trump, we're touching upon the big beautiful bill. Well, next headline Trump Linked American Bitcoin raises 220 million for mining treasury that's right. American Bitcoin majority owned subsidiary of the crypto mining firm Hut Hut Hut 8 has raised 220 million to buy the bitty mining equipment and to bolster the company's bitcoin treasury. That's right. According to the regulatory regulatory filing, 11 million shares were issued in a private placement on Friday with gross proceeds amounting to 220 million. However, 10 million worth of shares were sold for Bitcoin instead of cash, with the average cost of acquisition standing at 104 per coin already in the black. Take that and on June 10th, it was reported American bitcoins Bitcoin treasury stood at 215 of the BTC. Why so bearish, Trump? I'd expect you to have thousands of bitcoin by now. Michael Saylor is making you look bad. Notably, the firm has ties to the Trump family, as President Trump's son, Donald Trump Jr. And Eric Trump were amongst the founders of American Bitcoin. Hut 8 acquired the majority state and the firm back on March 31st. Meanwhile, Hut 8 is expanding its operations to Dubai by opening an office in the city. According to the Bloomberg report, the purpose behind the expansion is to trade cryptos and accumulate digital assets. The company was registered with the authorities on June 23 under Hut 8 Investment Ltd. Hut 8 CEO Asher Ganut shared that the company's Dubai expansion will enhance the precision and efficiency of Hut 8's capital strategy. The UAE has become a hub for the crypto startups in the recent years due to its favorable crypto regulations and tax taxation structure. However, crypto startups will need to lay out a legal strategy to avoid missteps and comply with local regulations. The new Dubai office has no ties to the American Bitcoin, a Hut 8 spoke person shared with the Bloomberg and in May it announced that the American Bitcoin will go public with merging with Gryphon Digital Mining, a crypto mining company listed on the Nasdaq. The deal will be conducted via a stock swap with the new entity using the American Bitcoin brand. Meanwhile, Eric Trump will be on the board post merger and under the new structure, existing shareholders of American bitcoin will hold 98 of the newly form entity. Hut 8 will continue to oversee the operational activities of the newly formed venture and if you don't know, now you know. And again, welcome everyone. We're about to transition into some of the bullish predictions, starting with 200,000 obviously this year, and that's my bear scenario, just FYI. So let's transition to to the next prediction and then we'll dive into the the bullishness from the OG's $1 million income in followed by some live Q and A and gifting some Rumble memberships. Let's get ready to rumble. As you can see in the headline Bitcoin targets 200 GS as profit metrics Enter Cautiously Optimistic Zone. That's right, Bitcoin price predictions of 200,000 by the end of the year are becoming increasingly common and like I said, I dare say that's bearish as surge in profitability not only signals a growing bullishness but also risks of a correction in the shorter term. The Bitcoin supply and profit rose sharply into 98 from 87 between June 22 and Sunday, according to the on chain data from Glass Note. And as Of Tuesday about 96% of all the bitcoin were in profit, to be more specific, 96.7%. So congratulations on my Bitcoin diamond hands. Where you at? We're sitting above the high band as shown in the chart. And historically such elevated levels lead to the market volatility as the potential for the profit taken grows, reflecting the bullish sentiment amid the caution for the price corrections. Now, between January and April, for instance, Bitcoin fell to 74 GS from 109, a drop preceded by Bitcoin's profitable supply rising to as high as 98.8%. And that was on January 21st. Practically 99% of the bitties bitcoin holders in the green profitability data reflects these bullish, albeit cautious market conditions. For instance, Bitcoin's realized profit loss ratio has jumped from 2.8 to a 1.1 since June 22, exceeding the high band threshold of a 2.41 56.4% rise. And while the reflection of the strong market confidence is hinting of a heightened risk of the profit taken at a demand exhaustion if price the Jack Welch.
- [22:36]
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- [23:04]
Ryan Reynolds
Momentum Falls and that's according to Glassnode. The market looks to have entered a cautiously optimistic regime with stronger positioning from the institution, institutional players and renewed accumulation for this rally to sustain continued demand and broader market confidence will be essential now in November of 2022 Bitcoin bounce bounced from the bear market bottom of 15 5. Holy. That's insane to have gone from 69 in November of 2021 to all the way down to 15. I don't recall it dropping that low. I remember around 18. But I guess it all depends on the exchange, right? Staging a few 590% rally to the current price of around 107. This price action has seen higher highs and higher lows forming a channel in the weekly time frame. Bitcoin has vowed a break on the one year channel according to the analyst and the chart showed the price seeking a break above the upper trend line according to Stock Money Lizards. The only lizard we follow here setting the short term target at 140. At the end of the year target to 200. So 140 to 200,000 in play. He says the next leg will be explosive and you can see the parabolic run up here on the chart. This is the weekly bitty chart. Let me know if you agree. Disagree and that's right in alignment with the 124 target we shared earlier. This aligns with the analyst's earlier prediction that bitcoin's breakout of the monthly optimized Trend tracker the OTT ban targets of 200,000 this year with a possible extension to 250 next year. Another analyst by the name of Max said bitcoin break out above the same upper trend line as the stock money lizards could trigger the massive bull run Mag Short term Target is the 2.618 Fibonacci level sitting pretty at 155. No diddy. According to analysts here, bitcoin is facing resistance at the upper trend line of the 1.618 Fibonacci. A breakout here can trigger a massive bull run. The Bitcoin price prediction of 200000 in particular has become an increasingly popular target for the second half of this year. For example, 21st Capital Co founder Cena predict Bitcoin to hit 130200 GS by the fourth quarter based on the power law model. Bitwise investment said that the falling U.S. dollar index fueled by the U. S. President Trump's trade policies will push Bitcoin above 200 GS. Then we got Bernstein research on any relationship. The Bernstein bears said bitcoin has the potential to reach 200 GS by the end of 2025. And my response? Thanks, Captain Obvious. Tell me something I don't know. All right, fam. Now for our feature story of the day. A bitcoin price is too low. It should hit 500,000 to 1 million this cycle according to Adam Back, the blockstream boss and bitcoin OG the legend himself. And on top of that, I got some bonus predictions for you. Max Geiser. He said, I've known Arthur Hayes since 2012. His calls are fire. Personally, I've always been a fan of Arthur Hayes since I got in the space as well. He is a bitcoin billionaire just like Max and a true og. And Arthur Hayes says the USA is about to print a lot of money and when that money printer go burr bitcoin will go to 1 million per coin. Couldn't agree more. It's a near 10x from here. It's inevitable. Let me know if you agree or disagree with the two billionaires, Max Kaiser and Arthur Hayes. Max also recently tweeted, here supply shock meets the smell of Hyperinflation equals Bitcoin 2.2 million per coin. And this was off the back of the Trump post. Trump fragrances are here. I guess there's some clones or perfumes named Trump. They're called Victory 45 47. And they're all about winning, strength and success for men and women. Get yourself a bottle and don't forget to get one for your loved one. I mean, talk about the ultimate serial entrepreneur. What doesn't Trump have? I mean, he has his own coins, him and his wife, the first lady. He has his own NFT collections, several of them. He has his own D5 platform. He has his own Bitcoin mining company. And now he got his own perfumes and colognes. And so again, Maxwell Supply Shock meets the smell of hyperinflation equals a Bitcoin 2.2 million. Send it. And also cz, obviously the Binance founder is also predicting 500000 to 1 million this cycle. All in alignment with what I'm sharing. And I also have a bonus from Rich dad, Robert Kiyosaki. And we'll actually start here and then we'll go back to the feature story without them back. What is expensive Rich dad says? And I've always gravitated to rich dad because Rich dad, poor Dad. I read that book over 20 years ago and I've, I've always admired him and it has definitely helped shape my, my adult life comprehending things from a different lens. So I owe a lot of credit to people like Robert Kiyosaki, Napoleon Hill, you know, Rich Dad, Poor Dad. Another great one was the Science of Getting Rich by Wallace Wattles. There's a lot of classic literature which is very good that teaches you to have like a prosperity mindset versus, you know, a poor dad mindset.
- [28:06]
Lowe's Advertiser
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- [28:32]
Ryan Reynolds
So mad respect to rich dad. But here's what he wrote. What is expensive? I was late into bitcoin. I waited too long. Which may have been a good thing. I waited because I did not understand today's modern money. At least he admits it, right? So I bought my first bitcoin at 6,000 a coin. Let me know if any of you front ran Rich Dad. It was expensive. He says. Today I wish I bought more at 6,000. Don't we all? Today Bitcoin's 107,000 A coins. And again, my mind says that's expensive. But I am buying more. Why? Because if and when bitcoin sells for 1 million a coin, I will once again be saying I wish I had bought more. Even if you can afford only one satoshi today, I believe five years from now you will be saying I wish I had bought more. And that's kind of the bigger picture here. You don't have to buy an entire bitcoin to get in. You can purchase any amount. You can purchase $2 where the bitcoin that's the beauty one bitcoin is divisible by 100 million satoshis and oftentimes newbies aren't even aware of that. Will bitcoin hit a million a coin? He says I do not know. What I do know is I will be saying I will wish I had bought more at 1007000 because that 1007000 bits coin was priceless. Very powerful words from rich dad and shout out Roman here Martinez and El Salvador bitcoin country and everyone holding it down. But yeah, let's dive deeper into the prediction from the OG himself Adam Back the bitcoin price is strangely low right now and can surge to 500000 even as high as a million per coin this particular cycle according to Adam Back and a new interview with Decrypt. The famed computer scientist and Blockstream CEO said that given all the institutional money flowing into the space, the price of the biggest and oldest crypto should be higher. Couldn't agree more. Bitcoin was recently trading at 103 unmoved in the past day, but up more than 7% over the past week and currently around 106 at the time of the live stream with the current all time high being 112 which just FYI was achieved back on May 22nd. New new all time high incoming. We just had the highest monthly close in bitcoin history yesterday at above 107000 which is extremely bullish. Now Back, who holds a computer science doctor doctorate, is distributing systems from ex Exeter University, has also been long involved in cryptography, he says. I'm thinking this cycle can get quite high. Can we get much higher? Send it. But the cycle stretches out a few years, right? So I was thinking 500,000 to 1 million per coin because there's a lot going on, he added. There doesn't seem to be a clear logical reason to me for why we're only at a hundred thousand. That's not very high. Why given all the things that are different compared to a couple of years ago. Good point. Back then noted the approval the spot Bitcoin ETFs of the US which have generated more than 41 billion worth, the net inflows and the crypto friendly policies obviously of our POTUS. President Trump also Wall Street's top regulator the SEC last year approved the Bitcoin ETFs. They officially went live on January. The funds managed by the likes of the blackrock and Fidelity, which gives investors easy access to the biddy with shares that can be bought via the brokerage accounts. The approval of the funds has led to a flow of new money into the space from investors previously locked out of the crypto investing sphere. Now bitcoin's latest record hit in January but then we did hit obviously a new high in May and I think we'll continuously hit new all time highs personally throughout the year. Back says. I think if you can you can get a new all time high it could quickly become a lot higher. Now I greatly believe in the same we are going to go up a lot higher. Also I got to give Honorable mention to Jan3 Samson Ma. He's been calling for 1 million this cycle as well the Omega candle. And if Michael Sailor's prediction comes to fruition, which he recently gave a keynote speak speech at Prague with a PowerPoint, he's calling for a 21 million per coin within the next 21 years by the year 2046 with an average annualized return of 21% which ultimately means every bitcoin you do not purchase now is going to cost you 21 million per coin in the future. Now obviously to hit those types of targets, we'll need about 10 Omega candles per year for the next 21 years. As per Samson Mao, he's the one calling for the Omega candle which is a hundred thousand dollar increase on the Bitcoin chart. The God candle can be defined as a ten thousand increase and a demigod candle is a five thousand dollar gain on the daily chart. But you guys let me know your thoughts. Do you agree with Samson, Max Kaiser, Arthur Hayes, Adam Back that we can see easily a 500,000 to $1,000,000 price this particular cycle. Holl at your boy and what's your thoughts on will we have an extended cycle or will we enter a bear market next year and not until 2028 the next having we recover like a phoenix from the ashes out of the bear into the new bull. Or do you think things are different?
- [33:40]
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- [34:10]
Ryan Reynolds
This time and we continuously inch higher and higher year after year as Bitcoin continues to basically turn the bears back in hibernation. You guys let me know your thoughts and I'll read your comments out loud. 1.1 million in play. What do you know about that? You're speaking my language brother. Bitcoin's price is what it is, doesn't care about what anyone else says, and oftentimes we're distracted because we're looking at the price. But the bigger picture. Count your sats Ignore the fiat equivalent of the bitcoin price because it's irrelevant. What matters is how many SATs you have. Do you have more SATs this year than you had last year? Do you have more SATs this week than you had last week? That's the bigger picture. Want to know why one SAT will always be equivalent to one SAT and one bitty will always be equivalent to one bitty? No Diddy 1st cycle 98x 2nd cycle 48x 3rd cycle 7x 4th cycle no one knows. It's a mystery. Can I get an Amen? And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.