
Bitcoin supply draining fast, "not enough BTC for everyone": Samson Mow tweeted that there is still a possibility of buying Bitcoin for less than $200,000.
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JV
Number one Bitcoin pod. Yesterday we hit a new all time high. Today we're Continuously in price discovery 119 is the new all time high endor in today's live we may break it and bust out and even hit $122,000 target. And guess what? Bears right now are shaken in disbelief. 1 billion in crypto shorts wiped out with this current Bitcoin pump. Also Bukele was flexing. Their Bitcoin holdings have now surpassed $700 million for Bitcoin country. Max wrote Irony alert. El Salvador will extinguish the IMF loans borrowing against its bitcoin. We'll also be discussing Peter Schiffer Brain says sell Bitcoin for silver as bitcoin continuously hits new all time highs. Also bitcoin and ether ETFs clock second biggest day of inflows on record as the institutional adoption continues. Also Anthony Scaramuche says 180000 bitcoin price explosion possible as bitcoin supremacy up. I'll be sharing the mooches timeline. We'll also be discussing Bitcoin supply shrinking. Will sailors relentless bitcoin buying cause a supply shock? And speaking of a supply shock. One million Bitcoin in place. As Samson Mao there is not enough bitcoin for everyone. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show if you are new to the rumble, it's important to smash the like and give us a follow. We're the number one daily bitcoin pod. We also stream live every day from the X account. BTC news alerts. Yesterday was a historic day. Bitcoin went from 111, 000 to 119, 000. We're still hovering at around 118 000. Today is pod episode number 2048. I'm your host JV and it's July 11th, 2025. Another divine omen. Is two in play I dare say, but let's kick it off with our market watch as we do each and every day. Pulling up coin360 here on the screen. We got Bitcoin up 4% on the day, trading above117.8. At the time of the live stream Ether broke 3, 000 as well. I haven't seen Ether above 3, 000 in a very long time. XRP making another massive move up. Got very close to 3 bucks. Also XLM one of the top gainers in the market, up another 25 on the day. Even Cardano is piece of the sidewalk as all the cryptos are pumping and in the green. And checking out coinmarketcap.com we're currently at a 3.7 trillion market cap just shy of the all time high of 3.75 trillion.
Co-Host
I feel like a young Krillin.
JV
Where's my destructo disc when you need it? We got 260 billion worth of volume.
Co-Host
For the past 24 hours with a.
JV
Bitcoin dominance coming in strong at 63 and a half percent. Ether dominance 9.8%. Bitcoin market cap 2.345 trillion. And check it out, top 100 crypto gainers past 24 hours. Meme core up 70% followed by story up 32% followed by the pudgy penguins up 29%. Which alt, if any are you bullish on? For the motherfing bull, Holla. And checking out the crypto bubbles. I like to do this just to get that visual perspective on the day.
Co-Host
Safe to say everything is in the.
JV
Green and we're celebrating.
Co-Host
Zooming out on the weekly, very similar story. Massive gainers across the motherfing board and zooming out on the monthly.
JV
A little bit of the humble pie.
Co-Host
But I'd say maybe 6040 green over the red and zooming out for the annual. Let's see here, it's pretty split bag, maybe 50, 50 green and red.
JV
Yeah.
Co-Host
And checking out the Crypto green and fear index. Today we're 71, same as yesterday. The higher this number goes, the more likely of a pullback. So that is the something to keep in mind. Last week was a 73 and last month a 72 in greed. And uh, checking out the infamous time chain calendar. As of today, July 11, 2025, we're on block number 905 093. We have 149 or 144. 907 blocks into the having in 2028. And as of today you can exchange one fiat monopoly dollar for 848 SATs. So you know what to do. You pick up the SATs, put down the gats and pick up some bitcoin caps from my man sergio over@bitcoincaps.net and check it. As per the Nipinator Zone post this morning, my new hat is now available at bitcoinc, yet very limited supply. And here's the big news, Nipinator, your former chairman of the SEC has just got promoted to the new chairman of the Fed. So this is a pretty big deal around here. Cop your Nipinator Fed chairman hat and show the nip some support again. The website is bitcoin caps.net now for.
JV
Astrology, for the broskis and of course for the baddies. After the infamous freeze frame, we'll get into this. There we go. So as you can see here in the headline I'm about to pull up, but first here's an irony alert. El Salvador will extinguish IMF loans borrowing against its bitcoin. This was off the back of the news of the bitcoin office in Bukele, publishing that their bitcoin earnings or not earnings, but holdings are now worth over $700 million. Shout out Max Geyser, the high priest, a BTC. But now let's dive in here. Bears in disbelief. One billion in crypto shorts wiped out as bitcoin. Pump, pump, pump it up. That's right. GlassNo data showed 1 billion in crypto shorts liquidated, impacting 232,000 traders. This included 570 million in Bitcoin shorts and 207 million in Ether shorts. The liquidations came as bitcoin clocked a new record high for the second day in a row. That was 112 ones Wednesday, 116 five Thursday. We closed just shy of 116 yesterday and already tapped a a high of 119 which is the current all time high. And ether did break out above 3,000currently just on the cusp of it Crypto mark also market cap also spiked 4 and a half percent, almost regaining its all time high. We're right in the cusp of that as well Dan. Crypto trades called it a massive short squeeze on bitcoin and ether. We did also cover, you know, the bitcoin greed and fear indexes all the way up to a 71. As this gets higher and higher it just means more likely of a pullback so we like to keep an eye on that metric. Also traders are divided over whether Bitcoin would tap new high so shout out to my perma bulls. You got it right. Bulls are hesitant or unable to push the price significantly higher without fresh catalysts or cleaner macro signals. This was according to Bitfinex. However others such as Maau Van de Pop said June 30 the inevitable breakout to the all time high on Bitcoin might even happen during the upcoming week. So sounds like he was right. And Also there was 2.11 billion in long positions at risk of liquidation if bitcoin retraced to 112. But that does not seem likely at this current moment in time. And pulling up some of the live charts, we'll do our live chart Action Jackson, Satisfaction, Joe Jackson, Bo Jackson, Tony Braxton for the Baddies. So pulling up the charts here, this is the one hour. I mean you can see the ascension we love to see. Today we continued a nice pump 1, 2, 3, 4 green consecutive candle pumps on the hourly chart. Then we finally just got that red corrective candle out around that 18,000 mark where we're currently flirting at Zooming out from there. No particular targets on play for the one hour, but zooming out a little further, taking a look at a four hour chart, it should see a nice green candle freshly formed. As you can see here we also have a purple Barney the Dinosaur bullish flag target sitting just shy of 137,000. That could be the next leg up. We may just continue grinding up until.
Co-Host
We hit around that level.
JV
You guys let me know your thoughts on that. Also very bullish. You can see 1, 2, 3, 4, 5 green consecutive 4 hour.
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JV
See mint mobile.com Green Candle closes then finally a red corrective. And here we are pumping once again this morning, which is a beautiful thing, I dare say. We're going to hit a new all time high during today's live stream. Nipinator indicator in full effect. Stay tuned and zooming out for the daily. I mean looky here, 1, 2, 3. This is is going to be the fourth green consecutive candle green close in a row all. Also a bullish flag sensation formation Bull target Purple Barney the dinosaur 1, 4, 6 4. This could be the next leg up. I mean I shared yesterday once we melted through, I think it was like 113 or 114. I said see at 150 I would not be surprised if we're at 150. You know what I mean? Before you can blink your eyes three times and refer to Nipinator as the new Fed chairman. I'm just saying. But zooming out a little further from there, we'll take a look at a weekly which is also going to be extremely lit. I'd say all the charts right now are more bullish than we have ever seen as we continue in price discovery. But yeah, rising wedge also there's124,000 target. This could occur by this weekend. Like very realistically at the way we're increasing the price. If we don't get a substantial correction we'll just continue, you know, doing what it does best. Going up forever Laura. Rising wedgie. A lot of green momentum. Look at that green candle forming. We got two more days for the new weekly and guess what? We just had the highest weekly close of all time. We just had the highest monthly close of all time. And we just had the highest daily close of all time. That's why I call anyone shorting bitcoin at a time like this you got to be or just really stupid. I don't know how else to justify it but Zooming out a little further from here, we'll take a look at the monthly and the monthly chart says 1, 2, 3. This is going to be our fourth green consecutive monthly close. We're only 11 days in in July, but the bulls are definitely back in town. You let me know where you feel the bitcoin price will likely take us for the month of July. But yeah, here's the latest Peter Schiff says sell Bitcoin for silver as Bitcoin smashes new highs. I mean retard of the month or should we give him retard of the century or decade award? He's passed on bitcoin for roughly 10 years now. You Longtime bitcoin critic and gold advocate Peter Schiff for Brain said the latest bitcoin rally may be a selling opportunity for investors to buy silver instead. Yeah, just sell the greatest asset to ever exist and trade it for silver. This is what he says with bitcoin hitting new highs today in dollars is a great time to sell some of the and buy silver ahead of the silver next leg up. And let me guess, you have a link for them to buy it from for you to earn some silver commissions. Peter just asking. He claimed that silver has more upside potential than bitcoin and added that while bitcoin can easily crash, the silver downside seems limited. Arthur Hayes, Bitmax co founder, also weighed in on the market conditions. He said he was slightly bearish Due to the U.S. treasury General Account being replenished through a new debt issuance which could temporarily drain the liquidity. But stills Arthur Hayes just Blaze says he was bullish after the bitcoin reached.
Co-Host
A new all time high and Ether.
JV
Went on on a march as well.
Co-Host
Quoting them here, Ether will outperform get ready for the monster altcoin season. Oh no monsters under the bed. Hayes said the market believes Trump will chicken out on the tariffs, adding that his family office fund Maelstrom is ready to re enter. Also erald Goose what an what an interesting name. Errol Goose, the CEO of the European arm of the crypto exchange OkX, also said the bitcoin surge is a new high isn't just noise, it reflects the emergence of the ultimate digital macro hedge. Quoting them here Amid rising global trade tensions, looming tariff and a policy driven liquidity backdrop, institutions are treating the biddy like a form of digital gold. What it is with volatility at decade low levels and strategic ETF Inflows accelerating, which we'll dive deeper into in a little bit. July is shaving up to becoming a defining moment. And that's putting it easy, I'd say. But you already know the bullishness will resume. And guess what? You mess with the bulls, you get the horns. Happy 7 11.
JV
Oh, it's 7 11. That's a great omen. Let's continue with the news, shall we regarding some of the ETF inflows. Headline reads Bitcoin ETF clock second biggest.
Co-Host
Day of the inflows on record as.
JV
We continue with record breaking record shattering all time highs. That's right. Bitcoin and Ether investors piled into their respective crypto theme funds on Thursday marking their second largest daily inflow since the inception. And so it's not a coincidence Bitcoin started ripping like the new Scotty Pippen. Up roughly 78,000 just yesterday alone US spot Bitcoin ETFs totaled 100 or 1.7, 1.177 billion with 448 million coming from Ibit Blackrock's ETF 324 million coming from Fidelities origin wise, fun and far. That's according to the far side data. Also you know, bitcoin continuing to do.
Co-Host
What it do best.
JV
The inflows come second to the 1.37 billion record that was back 11-7-2024.
Co-Host
And remember we did hit the all time high. I believe we eclipsed the hundred thousand for the first time November of 2024. Off the back of all the hype of Trump, you know, becoming the next president and all that.
JV
Yep.
Co-Host
Meanwhile Ether spot E test witnessed a total net inflow of 383 million Thursday. Also marking the second highest net inflow in the history of the funds. I mean Ethereum's finally getting its next leg up. Very long overdue as the price action has been suppressed for it's been years. In fact, correct me if I'm wrong, I don't think Ethereum hit an all time high since previous cycle. It was in 2000 and sorry 2021. I remember in November Bitcoin hit to 60000 top and I also remember Ether was around 4, 500 today. We just reclaimed 3000. So as yet to recover from the previous all time high, the lion share, the inflows came from Black Rocks. Not surprised there. They're the biggest asset manager. Bitcoin demand is beaten production. Oh yeah, we're gonna dive, do a deep dive into a supply shock incoming which I think is inevitable. And I mean you don't got to take our word. All you got to do is look at the numbers and it's simple. Supply, demand, simple stock to flow.
JV
Scaramuchi of Skybridge Capital is ultimately suggesting we hit 180,000. Let's just get right into the fruits and veggies here. He says, well, every time I make a price prediction, I get it wrong. At least you're honest. But I did say last year I thought we can get close to 100. We didn't quite get there until after Trump's inauguration. But I do think this is 150 to 180,000 by the year end. So my question for the mooch, why so bearish? Well, here's what he says. Bitcoin supremacy, if you will, is creeping up. And I think that is going to continue because of the go to asset for the institutional investors. That is not to say that the other coins won't do well, but I think institutional dollars that are coming into the space, something like 80 of those.
Co-Host
Dollars will end up in bitcoin. He's probably right.
JV
He also says there's a lot of things holding bitcoin back. We're fighting in the Gulf, we're fighting.
Co-Host
In the Ukraine and we're fighting in.
JV
The former Soviet Union, Russia. There's global tension, there's a fear of a recession.
Co-Host
We are still getting over the aftermath economically of the Novid.
JV
And so there is a lot of.
Co-Host
Things holding us back.
JV
But despite that, there's very heavy net buying a bitcoin, particularly through the ETFs. And he does get some right and he did make some good points there. I just think 180 is undershooting Bitcoin's potential where we're heading this year. But there you have it. There's the latest from CEO of SkyBridge Capital, Vamooch Scottamuche. Let me know if you agree, disagree. But yeah, the headline here is bitcoin supplies are shrinking. Will sailors relentless bitcoin buying causes apply shock? That's right. Bitcoin does have a shrinking supply. Ultimately, we have the lowest amount of bitcoin available on the exchanges than we have ever seen, at least for the past eight years. And sailor continues relentlessly stacking more and more. Microstrategy is just shy. It's now called strategy B. Just shy of 600,000 of the BTC.
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JV
You strategies history of their Bitcoin acquisition They're the first publicly traded company to put the Bitcoin on the balance sheet. You can see the first green dots start September of 2020. And here we are five years later, again just shy of 600,000 in BTC. And to put it into perspective how crazy the institutional inflows are for Bitcoin.
Co-Host
Right now, Black Rock in 18 months has over 100,000 more Bitcoin than Sailor's.
JV
Company, meaning Black Rock just surpassed 700,000.
Co-Host
BTC in holdings in 18 months. So they achieve more Bitcoin holdings in 18 months than it took Sailor to do in five years.
JV
And that's just two companies, which is just insane to really comprehend. So yeah, Bitcoin shift from retail speculation.
Co-Host
To institutional grade asset is now unmistakable. Spot Bitcoin ETFs in the US and elsewhere have opened new gateways for pension funds, banks and investment funds. BlackRock's eye bit averaged 430 million inflows per day late May 2025, culminating another 6.3 billion of inflows for the month.
JV
The largest of all time.
Co-Host
And when institutions buy through the Spot etf, the underlying Bitcoin is moved into custodial coal storage, typically held by Coinbase. These flows pull the coins off the exchanges, tightening liquid supply on the market. This surge in institutional demand adds another layer to the Bitcoin supply demand. The imbalance. Even conservative banks are now considering Bitcoin.
JV
A long term hedge.
Co-Host
And then, you know, May 27, Trump Media and Tech Group, the parent company of Truth Social Media, confirmed a 2 1/2 billion Bitcoin fundraising round or to acquire more Bitcoin reversing earlier denials. And around the same time GameStop disclosed a 500 million Bitcoin investment. We also have Tether, SoftBank and Strike CEO Jack Mahlers announcing the launch of 21, a Bitcoin native public company backed by billion dollar conglomerates. They debuted with 42000 bitcoin like it ain't no thang. And also bitcoin having a whale accumulation. Is the market too top heavy? Absolutely freaking elutely. When you have a very limited supply and the lowest supply available and we have the highest demand we've ever seen coming from the institutions, only one thing can happen. The numbers go up. And that's why you're seeing, just like yesterday, we saw roughly a 78000 Bitcoin price increase in a single day. Do you know it took Bitcoin eight years to achieve from zero from the time of the Genesis block in 2009-2017 to hit 8 000. It took 8, 8 years. We just did that in a single day. And we're just getting started. So liquidity crunch. Absolutely. One common misunderstanding is that bitcoin will disappear from circulation. But that's not quite true. A bitcoin liquidity crisis can occur when a significant portion of the supply is held offline via the coal wallets and already on chain data shows that the exchange balances are at their lowest level. And as I mentioned, in over eight years, will there be a bitcoin supply shock? I think we're witnessing it right now and I think that's why bitcoin's ripping like the new Scotty Pippen. And we will dive even deeper into this as well as our next feature story of the day.
JV
All right, fam. Now for our future story of the day. One million dollar BTC says Samson Mao. He says there's just not enough bitcoin for everybody. And he does make a great point. So let's start with a few of his recent tweets. Starting right here. There's not enough bitcoin for everyone. Timestamp 10-10-10, which was yesterday. 48000 views at 4:13pm and we all know this is a fact, Jack. In fact, it's a blackjack. He also recently tweeted 11.6%. And ultimately he's insinuating that we're 11.6% of the way to a million dollar bitcoin with the current price at 0.116 million. So get used to that because we're going to start seeing bitcoin denominated that way more and more as we fast approach the epic seven figure mil reminder from Samson, you can still buy bitcoin for less than 0.2 million. And he does make a great point there. So yeah, our main topic is discussing this supply shock. So let's dive a little deeper, shall we? Samson Mao, vocal bitcoin Maxi and the CEO of the Bitcoin adoption focused company Gen3 has published several tweets to the world about bitcoin smashing a new all time high. And as you know the new new ceiling is currently 119,000. We continue to break out here. Bitcoin continue to be ripping like a new Scotty Pippen. Many bitcoin influencers and maxis alike including Samson and the co founder of strategy Mikey Sailor, reacted to the mammoth bitcoin.
Co-Host
Price jump, tweeting that for many this came unexpectedly and that most likely those.
JV
Who sold their bitcoin now regretted badly.
Co-Host
Wellness check please.
JV
On shift for brain gains, if you know what I'm saying now tweeted there.
Co-Host
Will still be a possibility of buying.
JV
Bitcoin for less than 200 000.
Co-Host
However this opportunity is very limited. You can still buy bitcoin for less than 0.2 milli.
JV
He also reminded the community that the.
Co-Host
Bitcoin supply shock is being drained rapidly. Well the supply itself, that is a fact with the ETFs. You know BlackRock just surpassed 700 000. Sailor virtually every week announcing billion dollar acquisitions. You got 21, you got Trump's own company with their own ETF. As the institutional FOMO like a mofo continues and Sailor even projects there's going to be over 800 bitcoin treasury companies before the end of the year. There's currently over 220. They're not slowing down. He also says there's just not enough bitcoin for everyone. And that's a fact Jack. However, there's enough bitcoin for everyone to own some satoshis. But clearly there can only ever be 21 million. It's hard programmed into the code. So that means and just for those that don't know, you can buy a fraction of a bitcoin. One bitcoin can be divided by 100 million satoshis, just as one US dollar is divided by 100 penny. So everyone on the planet could say hey I have a few sats but no one will. Not many people will be able to say I'm a whole coiner. In fact last time I looked up this metric, it's less than a million whole coin addresses on the planet and they say there's probably four times less.
JV
Individuals than addresses who actually own. Because the average person that is a whole coiner may have three or four wallets, which leads me to believe there's probably only ever going to be 250000 whole coiners. Potentially less. Let that one sink in. So if you're a whole coiner, you're way ahead of the curb. Congratulations. Mao also said another tweet with his infographic, Bitcoin has so far reached 11.6% of the projected did 1 million price. Well, let's get to 11.11 stat. Let's get that there today, if you know what I'm saying. But you guys let me know your thoughts with what Jan3 founder Samson Mao has to share. He also says it's likely to happen violently like bitcoin when it hits a million. It's not going to just be this slow, long, long, long time thing, but it's just gonna start ripping like we ain't ever seen before. The mother of all supply shocks. I mean, imagine an Omega candle. He is the one who I believe coined it. Correct me if I'm wrong, but he's always talking about the Omega candle. For those not familiar with it, it means a $100,000 uptick on the daily chart in a single day. Just as it took Bitcoin eight years to go from zero in 2009 to 8,000 in 2017. Right. We just achieved that in one day. And just as it took Bitcoin what, six, 16 years to go from zero to a hundred thousand, we can now have a hundred thousand come up in a single day. Let that one sink in. And you guys let me know your thoughts and I'll read your comments out loud. Omega candle. Yeah. And so a God candle is a ten thousand dollar uptick.
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JV
A demigod candle is a 5000 uptick which we saw yesterday. And again the Omega is a hundo. Like it ain't no thing. Eight miles of classic and watch it over and over. Just like Scarface. Yeah, it is a good one. B Rabbit. Multiple wallets for show. Cheddar Bob shot himself with his own gun. Okay, chat. Keep calm, sensible, clean, respectful and kind. Or I'll do some of the wet work round yonders. I'd be happy with a half of the baby, says DNA. Well, 60 GS baby for half a biddy.
Co-Host
Half a pity.
JV
Sexy cheese, but yeah.
Co-Host
Yo.
JV
Welcome everyone. This is the Q A segment, my favorite part of the show because I feel like the hard work is done and I could, you know, take it down a notch and we can just kick it. The Department of Just Us. I like that, brother. The department of Just Us is pretty accurate. The Department of Just Us. So accurate. The Department of Jerk Offs is a good one, but I'm saying we just need to rename it to the Department of Corruption and just call it for what it is. I think we had a God candle last 24 hours. Holy shit. Let me check it. I'll open up my app, which tells me all that good stuff. So let's see. Coinbase, 24 hours. No. So for the past 24 hours, we're only up 1500 because it, you know, it's resetting in real time for the 24 hours. So I think if you would have counted yesterday more, more than 24 hours, we would have been close to 10,000. But it re, you know, it's changing in real time. So it's according to this at least we're just up 1500 on the new day because all of those profits are calculated now into the previous, you know, the government of just us.
Co-Host
They not like us.
JV
We not like them. On Simply Bitcoin podcast today, they have someone talking about Bites. Volt, anyone? I've never heard of that, so I'm not familiar with it, but shout out to the Simply Bitcoin pod. I know they're a good. They have good content as well. I know a lot of my viewers, you know, speak highly of them. I don't get a chance to really watch them, but I see they're doing good. Stack and Sack baby. That's right. James, Molly. Precisely what we're doing. Precisely what we're doing. Of course I'm gonna roll when I'm watching it from an 85 inch TV not driving home from work. Exactly. I think we got to hit him with the Nit Boom bat. Everyone's requesting it, so we got to give the people what they came for. Where you at? Knit Boom Bap. Gotta be around here somewhere. There we go. Enjoy the new track Nip Boom Bap. And give it up for your new chairman of the Fed yesterday to today, jb. We hit the new all time high.
Co-Host
We went from 108, 2018.
JV
I know I just. I don't see that on the app, though, because the app must calculate it differently. So if you have a way to screenshot that, that's awesome. But on my app it only shows us up 15, so I can't change that. But it's good to know practically a God candle, which is a good sign. The more God candles we see, the more likely we see the motherfucking Omega candle. Yeah, I mean. 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.
Podcast Summary: Bitcoin News Alerts | Daily BTC News - Episode 2048: '$1 Million BTC' Samson Mow: ‘There’s Not Enough Bitcoin For Everyone’
Release Date: July 12, 2025
Host: Justin Verrengia
In Episode 2048 of "Bitcoin News Alerts | Daily BTC News," host Justin Verrengia delves into the latest developments in the Bitcoin market. The episode, titled "$1 Million BTC' Samson Mow: ‘There’s Not Enough Bitcoin For Everyone’," offers an in-depth analysis of Bitcoin's soaring prices, institutional adoption, supply constraints, and expert predictions shaping the cryptocurrency landscape.
The episode kicks off with a fervent discussion on Bitcoin's remarkable price surge. Justin announces that Bitcoin has reached a new all-time high of $119,000 and is in continuous price discovery, with potential targets extending to $122,000. This surge has significantly impacted the market, wiping out $1 billion in crypto shorts and shaking bearish sentiments.
Justin Verrengia [01:01]: "Yesterday we hit a new all-time high. Today we're continuously in price discovery... we may break it and bust out and even hit $122,000 target."
Market indicators reveal that Bitcoin is up 4% for the day, trading above $117.8K. The overall crypto market cap stands at $3.7 trillion, nearing its all-time high of $3.75 trillion.
A significant portion of the discussion centers around the growing institutional adoption of Bitcoin. Spot Bitcoin ETFs have witnessed their second-largest daily inflow on record, marking substantial investments from major financial entities.
Justin Verrengia [14:16]: "Bitcoin and Ether investors piled into their respective crypto theme funds on Thursday marking their second largest daily inflow since the inception."
BlackRock and Fidelity are highlighted as major contributors, with BlackRock alone contributing $448 million to its ETF. These inflows are pivotal in pulling Bitcoin off exchanges, thereby tightening the liquid supply and fueling price increases.
The podcast emphasizes the concept of a Bitcoin supply shock, driven by relentless buying from institutional players and the limited availability of Bitcoin on exchanges. Samson Mao, CEO of Gen3, is a central figure in this discussion, arguing that the fixed supply of Bitcoin against growing demand is set to drive prices exponentially higher.
Samson Mao [23:47]: "There’s not enough Bitcoin for everyone."
With only 250,000 whole coiners globally, the scarcity is poised to push Bitcoin prices towards unprecedented heights. The fixed cap of 21 million Bitcoins ensures that as demand continues to outpace supply, prices will follow suit.
The episode features insights from various experts:
Samson Mao: Predicts that Bitcoin will reach $1 million due to supply shortages and increased institutional demand. He uses terms like "Omega candle" to describe massive daily price upticks.
Samson Mao [23:47]: "There’s not enough Bitcoin for everyone."
Peter Schiff: Contrarily, Schiff advises selling Bitcoin in favor of silver, claiming that Bitcoin's volatility makes it less reliable compared to silver's more limited downside.
Peter Schiff [13:12]: "Sell Bitcoin for silver as Bitcoin smashes new highs."
Anthony Scaramucci (Skybridge Capital): Projects Bitcoin could soar to $180,000 by year-end, citing Bitcoin's supremacy as the go-to asset for institutional investors.
Anthony Scaramucci [16:19]: "I am bullish on Bitcoin reaching $150 to $180,000 by the year end."
Arthur Hayes (Bitmax Co-founder): Remains slightly bearish, citing macroeconomic factors like the U.S. Treasury's debt issuance and global tensions that could temporarily impact liquidity.
Arthur Hayes [13:12]: "The market believes Trump will chicken out on the tariffs, adding that his family office fund Maelstrom is ready to re-enter."
Errol Goose (CEO, OkX Europe): Views Bitcoin as the ultimate digital macro hedge amid rising global trade tensions and policy-driven liquidity constraints.
Errol Goose [13:16]: "Bitcoin surge is not just noise; it reflects the emergence of the ultimate digital macro hedge."
Alongside Bitcoin, several altcoins have experienced significant gains:
Justin Verrengia [01:01]: "Ether broke 3,000 as well. XRP making another massive move up. Got very close to 3 bucks. Also XLM one of the top gainers in the market, up another 25% on the day."
The podcast is optimistic about Bitcoin's future trajectory:
Justin Verrengia [17:00]: "There's just not enough Bitcoin for everyone... Supply, demand, simple stock to flow."
Episode 2048 of "Bitcoin News Alerts | Daily BTC News" paints a robust and bullish picture of Bitcoin's future. With unprecedented institutional adoption, tightening supply due to ETF inflows, and expert predictions pointing towards massive price escalations, Bitcoin enthusiasts have compelling reasons to be optimistic. However, contrasting opinions like those of Peter Schiff introduce a note of caution, emphasizing the market's inherent volatility. Overall, the episode underscores Bitcoin's transformation from a speculative asset to a mainstream financial instrument with potentially limitless growth.
Notable Quotes:
This comprehensive summary encapsulates the key discussions, insights, and expert opinions presented in Episode 2048 of "Bitcoin News Alerts | Daily BTC News," providing listeners and non-listeners alike with a clear understanding of the current state and future prospects of Bitcoin.