
Bitcoin maximalist and top BTC influential individual Max Keiser warns us, “Yen carry trade explodes, Japan forced to sell $1.2 trillion in U.S. Treasury bonds. Bitcoin carry trade goes vertical. The speculative attack on fiat money spikes higher as capital flees low-yielding fiat money and ploughs into high yielding Bitcoin. $2,200,000 in play.”
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JV
Welcome bitty fam to the number one Bitcoin pod. Bitcoin looking to reclaim 120,000 new all time highs in play. Also breaking news. US lawmakers remain divided on these key crypto bills which I'll be breaking down for you. We'll also be discussing Pakistan's crypto Minister and El Salvador's President Buell discuss a Bitcoin acquisition strategy. Let's freaking go as the game theory continues around the world. Also Sailor strategy hits a record market cap amid the recent Bitcoin surge and the crypto market cap also as a whole hit a new all time high. Also will be entertaining. Did the US government really dump 170000 Bitcoin as it was just FOIA requested and they only have 29000 Bitcoin and we were all speculating they had 200 000. So the question becomes where did it all go? We'll also be discussing the latest from Max Kaiser. He says you can't taper a Ponzi scheme. Bitcoin 2.2 million in play. Also the yen carry trade continues to explode over a trillion in U S Treasury bonds. The bitcoin carry trade goes vertical. The speculative attack on fiat money spikes higher as capital flees the low yielding fiat money and plows into the high yielding BTC 2.2 million in play. We'll also be discussing the latest and everything you need to know in the market. All this plus so much more in today's show. If you are new to the rumble, important to smash the like and also follow us on X BTC news alerts. The new account we stream live daily on Rumble and X and then of course we get it syndicated across all major podcasting platforms. Today is Pod Episode 2054. I'm your host JV alongside your new Chairman of the Fed, Nipinator. Bitcoin was on the cusp of breaking 120 just a few minutes ago before we hit the live. We're currently floating at119, roughly 4, 000 away from price discovery. So we may re enter it here today, we'll soon find out. But anyways, the entire crypto market has been a pumping and a ripping like the new Scotty Pippen, if you know what I'm saying. So let's kick it off with our market watch as we do each and every day. As you can see here, XRP is a big gainer today. I don't think we've seen XRP at this price since 2017. Correct me if I'm wrong, but that was the year I entered crypto and entered bitcoin like Bruce Lee entering the drag. So yeah, it's been a very long time. But anyways, bitcoin ether having a little corrective move. Ether was the big gainer yesterday. We haven't seen ETH action like this I don't think since 2021. Correct me if I'm wrong there, but I think that's when ether hit the 4,500all time high. Back when Bitcoin hit the 69,000all time high previous cycle back in November of 2021. So it's been very interesting to watch but nonetheless. Let's next pull up coin market cap.com the current crypto market cap 3.82 trillion, flirting around the all time high which is spectacular. We've never been to 4 trillion before, but we're fast approaching 203 billion worth of volume for the past 24 hours, up 10% on the day. I know the bitcoin dominance has been on the decline as you can see 61.9% today as the ETH dominance has been on the climb at 10.7% which would explain the ether price action on the climb. Also the bitcoin market cap day is $2.367 trillion. And checking out top 100 crypto gainers past 24 hours we got flare leading the pack up 16% followed by the curve DA token up 13% followed by the infamous fart coin up 9%. It's hard to even say the name of that coin without laughing. And then you got XRP right below that. But let me know which al if any or bullish on for the bull and I'll read your comments out loud here shortly. And checking out the crypto bubbles which we like to use for a visual perspective on the day and then we'll work our way backwards. Daily everything is back in the red. I'd say not everything but I'd say at least 80% of the market. 80 over 20 red over green. Zooming out on the weekly virtually everything in the green which is pretty nice. A lot of momentum for the monthly very similar scenario. And for the yearly that's when we get hit with the humble pie. I'd say 6040 red over green. And checking out the crypto greed and fear index. Today we're 74 in greed. I believe it's 75 when we're in extreme greed. And the higher this number goes, the more likely of a correction yesterday just means we have some more room to run up before the correction which is a good sign actually. Last week was a 71 and last month a 68 in greed. And checking out the infamous time chain calendar we we have 144 nine blocks into the having of 2028 and as of today we're on block height number 9005991 and you can exchange one fiat monopoly dollar for 840. So do you know what to do? You pick up the SATs, you put down the gats and you pick up some bitcoin caps from a man sergio over@bitcoin caps.net Next move into RTA aka astrology for the Broskis. There was new analysis article just published and then we'll pull up the live charts. The headline here bitcoin resistance at 120 hints at consolidation before an impulse rally to 135. Let me know when you think we'll hit that 135 price action by the way. So yeah, the buyers try to resume the up move move on Wednesday but the long wick on the candlestick showed the bears defended the 120 level. Also repeated failures to cross the 120 level could start a deeper pullback towards the 20 day exponential moving average currently sitting at roughly 113. 5. And if the price rebounds off to 20 day EMA the bulls will again attempt to thrust Bitcoin to 120 to 123. 2 current all time high. So I define that as the current firmament. If they succeed then Bitcoin's next leg is 1357 and eventually targeting 150, 000, which personally I think could happen very, very quick. The bears will have to yank the price below 110. Good luck to the bears. They're gonna need it to seize control. I don't see that happening. But you guys let me know some of your thoughts. Meanwhile, the 20 day EMA has flattened out and the RSI is just above the midpoint on the 4 hour chart. I'll be pulling up the live chart here in a hot second. In fact, let's just do that right now. We'll see how we're looking. But yeah. Welcome everyone joining the live stream. A little chart action for the Broskis. And can't forget about the bitty baddies. And as you can see, we're pumping again. 119.2. Let's see if we can break through the 120 mark. Here's the hourly chart. We got a blue Papa SMURF target sitting at 131.8. The current top is 123. 2. So obviously that would mean reentering price discovery. Hopefully we can do that here soon. Zooming out and there's lots of targets actually here. But we're going to focus on the bulls because the bulls are in control. And if you mess with the bulls, you got the horns. But you can see the Barney the purple dinosaur Target on the four hour is a bull flag sitting just shy of137,000. So 137 in play on the four hour chart. Looking very bullish. Three green consecutive candles printed on this particular chart and checking out the daily. So you can really understand the bullish momentum we've been seeing. Last week we had an entire seven day streak of of green candles, which is kind of rare. It's not often we get that. Then we had a red corrective candle after hitting the new all time high. And here we are inching closer and closer to retest rising wedgie. Clearly the only wedgie Nipinator approves of. And we also have a purple target on the daily chart which is even higher at 146. 4 bull flag again. 146.
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JV
4 Bitcoin Price Action and Play Bullish Flag as per the daily chart. Unless hopefully get another week of consecutive green candle prints that'd be pretty lit. And zooming out a bit further, taking a look at the weekly as you can See, Rising Wedgie 124 cup and handle target which we're on the cusp of hitting. Which is amazing because we've been looking at this target for a hot minute now you can see the weekly momentum is insane as well. The weekly candle is already formed, is bigger than the two previous greenly weak candles combined. Right? And we still got a few more days to go. And zooming out from the weekly, taking a quick look at the monthly to just get a broader perspective. They say when in doubt to zoom out. And if you really truly zoom out, you'll notice Bitcoin's been on a 16 year bull run since the inception of the Genesis block. But looking at the monthly 1, 2, 3, we're on our fourth green consecutive candle for the monthly chart. Very, very lit. Bullish momentum is definitely here. And you know how you could One of the many ways you can define the bull market is when we do get the correction, it's very short lived. Typically within 24 hours the bulls are back in control and the bears are back in hibernation where they belong. But there you have it yo. Let me know your thoughts as far as the price action, where you feel the pretty likely to take us next. The headline here does read Crypto Week Day 4 U S lawmakers Remain Divided on the Key bills. So if there's news that the bills have passed again, let me know and I'll read those comments out loud. But first I'm going to entertain this article recently published as Day 4 of Crypto Week kicks off. U S Dems and Republican lawmakers remain divided on the future of the key legislation that will shape the country's regulatory approach to digital assets. Votes were anticipated on the Clarity act, the Genius Stablecoin Bill, and the Anti CBDC Surveillance State Act. Now did you know the CBDC is called the dollar? I just want to throw that out there. But progress has been slowed by political gridlock on these amendments, including proposals to bar government officials from trading cryptocurrencies. Imagine if they would have barred people like Nancy Pelosi from insider stock trading. I'm just saying. But anyways, the fourth day of the so called crypto week started Thursday with U S lawmakers at the House of Reps debating consumer protection, anti money laundering, Turk's avoidance provisions and development of the central bank digital currency which we know as the cbdc. Banking protections and preventing conflicts of interest in the executive branch. Quoting them here, Representative French Hill. What an interesting name, French Hill. This is a multi Congress priority item and it ensures American competitiveness. He also said the genius stablecoin bill, arguing the revised version of the bill included robust consumer protections and anti money laundering provisions. Tell that to Jamie Dimon. Democratic Representative Maxine Waters, the lady that was known for blowing kisses cases to Sam Bankman freed at his trial. Interesting. An outspoken critic of the US President Trump and his family's involvement of the sector argued the bills do not address conflicts of interest regarding family's digital asset ventures. I dare say there was probably a conflict of interest between her and Bankman Freight, but that's a topic for another conversation quitting her here. This bill has a policy statement that elected officials like members of Congress and senators as well as government officials cannot issue their own stablecoin. But do you know who Republicans did not ban? The President and the Vice President are the only elected officials who have a crypto business. That's actually pretty accurate. Bearing the executive branch from issuing, endorsing and promoting cryptos has become a major point for Democratic lawmakers who initially supported comprehensive digital asset regulation. The loss of Democratic support could threaten the passage of the bills or force concessions that are unfavorable for the crypto industry. Now here's the infamous Maxine Waters. Of course she's rocking the wig. I mean they gotta be a rocket science to figure that one out. But anyways, yeah, she's the one notorious for blowing the kisses at Bankman Fried. I'll never forget that. So we all know she's corrupt, but then again, most of the US government is corrupt. Protecting Epstein's clients, which is a topic of another conversation. And although limiting the executive branch's involvement in the sector was the most common issue cited by opposing Democratic lawmakers and is the subject of Senator Adam Schiff's Curbing officials income non disclosure, national security, financial stability they were also debated. Now let me know your thoughts on Adam Schiff. I've seen some very controversial things about him just recently. So I'm kind of curious. And while the stable coin reserves are cash for the short term treasury securities, the bill allows for uninsured deposits. So clearly Waters is against this bill and she's calling out Trump for profiting using crypto. The California lawmaker added that backing stables with other digital assets destabilizes the financial system and can lead to a bank run run. You know, you want to know what's going to lead to the ultimate bank run. You continuing to print trillions of dollars and dollars are going to become effectively worthless and people are going to want their worthless dollars to trade it for bitcoin before their dollars are worthless as fiat currencies are all going to return to their original intrinsic value. Isn't that right, Greg? Which is zero. But with that being shared, let me know your thoughts on that. Next up, big story, Pakistan's crypto minister meets with President Buell, Stacy Herbert and Max Kaiser to discuss bitcoin strategy for the country of Pakistan. More Middle east adoption. But first I promise to entertain the comments and any updates regarding these bills. Superman and crypto the dog shut down the EP State shut down the Epstein for sure. Well, we need Batman in the House already. Someone said CBDC was approved. Shaking my effing head. Didn't Trump say he would not allow while he's president, he would not allow any CBDC from David Sacks. Massive wins for crypto in the House. Genius act. So it did pass. 307 and 122. Done deal. Clarity Act. 294. 134. So it is official. Is that accurate, Mr. Intolerance? Thank you. Let's discuss and then I'll get to the comments after because it's already almost the top of the hour. Time's running very quickly today. So yeah, this headline, Pakistan's crypto minister and El Salvador's president discussed bitcoin strategy. I'm sure you saw the photos between them as well as Stacy Herbert, you know, signing papers and documents. But here's, here's the deal. Bilal, Pakistan's crypto council CEO and special assistant to Pakistan's prime minister on crypto and blockchain met with El Salvador's President Buchelle, Stacy Herbert and the high priest Max Kaiser in San Salvador to explore knowledge sharing opportunities. He described Bukele as one of the most, excuse me, extraordinary, visionary leaders of our time. I agree with that. He had touted Bukele's conviction and backing bitcoin. Gotta give him credit first Bitcoin president and the country's Bitcoin plans amid widespread skepticism despite concerns raised by the IMFs and speaking of the IMF, the IMF over its crypto policies, El Salvador continues to accumulate bitcoin despite the naysayers currently holding more than 6240 BTC valid at 740 million according to Bitcoin treasuries.net quoting him here. He was a leader from the future who saw the future first because when it wasn't cool to be in back bitcoin back then he stood with conviction. And that's a great point. And I gotta give credit to Max and Stasius because of his surroundings and great knowledge. He was given by obviously Max and Stacy a great example that you don't need an abundant amount of resources to put your country on the map. That's a fact. Just vision and unwavering belief. What he did to El Salvador is nothing short of a divine miracle. And do you know if you translate El Salvador from Spanish to English, it's thy Savior. Do you think that's a coincidence? I think not. But anyways, he completely turned around El Salvador from being the homicide capital of the planet to being amongst the safest in the world. And what does that tell me? It tells me there is a blueprint where any country can become a lot safer if the government wasn't corrupt.
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JV
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JV
And fees, extra mobile.com covering up for these pedophiles. Yeah, I'm just saying it's possible. You know, Chicago's like a murder capital place in the United States. We have a, a blue, a blueprint to clear, clean that up. California, very bad place. Gavin Newscom. You know Governor, there's a blueprint to clean this up, but I personally think the government doesn't want it cleaned up because they're infiltrated by dark forces. And to me it couldn't be more clear. Just off the example of how Bukele cleaned up El Salvador. Let me know if you agree or disagree with that. Pakistan recently embraced digital assets amid ongoing 7 billion IMF loan program lasting until 2027. Hopefully they just take the IMF money and buy bitcoin. They're now looking at El Salvador's experience with bitcoin adoption as a blueprint sign of the times. According to a report from local media outlet Business Recorder, a key result of the meeting was signaling a letter of intent. Exactly. And that's what I saw. Stacy Herbert signing this letter of intent between El Salvador's Bitcoin office in which she runs and the Pakistan Crypto Council. So shout out Stacy Herbert. Doing God's work. The agreement reportedly establishes a formal framework for collaboration on bitcoin related initiatives focusing on public sector adoption, blockchain driven financial inclusion and policy development tailored to emergent economies. The meeting with Bukele came a day after Pakistan's finance minister held the virtual discussion with bitcoin pioneer, the one and only Mikey Sailor, whose firm Strategy now holds 62 billion worth of bitcoin. Quoting Pakistan Crypto Council here from X. This strategic engagement reflects Pakistan's growing commitment to establish in itself as a leading force in the global digital asset economy. So that's great news. What did this tell me? It tells me Pakistan is entertaining, making massive news for moves for bitcoin adoption following in the blueprint of Nig Bukele, which is a beautiful thing and hopefully more nations follow. Here's the latest from Michael Saylor, the Gigachad, the man notorious for the quote, tickets to escape the Matrix are priced in bitcoin. And I couldn't agree more about that. But here's the headline. Sailor strategy hits a record market cap amid the recent bitcoin surge. I mean this man transformed his company from from 400 trillion market cap to above a hundred. I mean not trillion billion. I'm sorry, let me rephrase. From a 400 million market cap in 2020 MicroStrategy to now being worth north of a hundred billion dollars thanks to the bitcoin adoption strategy. Being the first publicly traded company to put the pretty little bitty on the balance sheet. You know what I'm saying? Check out their stock. $455 and 90 cents. Look at here. Charts don't lie. I believe this is the best performing stock in all of the stocks I dare say. Tell me what has outperformed micro strategy legit question since 2020. I don't think there's any but if there is, let me know. Despite setting a new market cap record, MSTR is trading 19 below the all time high of $543 achieved November 20th. Ironic when Bitcoin hit. I believe that was when bitcoin hit a hundred thousand for the first time. The firm continued to issue stocks to raise funds for their bitcoin accumulation strategy. Strive Funds Bitcoin Strategy Vice President Jeff Walton said on Wednesday that it's the 11th day of strategy qualifying for the S P. It's outperformed every single company. I mean why wouldn't it be already in the S P? It's mind boggling. I think it is in the cusp of if not already in May during the Financial times documentary sailors 40 billion dollar Bitcoin bet Walton predict this strategy would become the number one publicly traded equity in the entire market because of the future financial strength backed by bitcoin. The company announced on Monday the US SEC that they acquired another 4,225 Bitcoin for 472 million. Strategy will release its latest earnings report August 5, which I believe next month. Right? September. August next month. The firm has reported net losses for the past three quarters and they have officially surpassed 6001000 BTC making them one of the largest corporate hodlers in the entire world. Minus BlackRock's IBIT which surpassed 700,000 BTC, which we recently covered. So let's mosey on to the next story. Headline here. Did the US government dump 170,000 of the BTC? Marshalls reveal shocking Bitcoin Holdings. That's right. We all thought they had 200,000 but after the recent FOIA requests there's like 29,000. Which means they could have offloaded them and those supposed to have been been held in the bitcoin strategic reserve. So it makes you wonder did the Biden administration dump them or did the Trump administration dump them or have they not been dumped and are they missing? Have they been stolen by the lizard folk. Well, let's entertain what's going on here. A rumor is rapidly spreading amongst investors that the U S Government may have quietly sold off nearly 170000 BTC behind closed doors. Which reminds me, when are we going to audit Mount Gox? When? Because if the bitcoin's missing, I guarantee you there's gold missing. I guarantee it and I don't make a lot of guarantees in life. Leaving a fraction of its assumed holdings intact. The speculation began after the U S Marshal service in response to a FOIA request revealed it currently only holds 28 988Btz. I mean the way El Salvador stacking they're about to surpass the United States Trump. What are we doing here? Many investors took this disclosure to mean the federal government's total bitcoin reserves have declined from the long assumed figure of around 200,000. The claim was amplified of course by yours truly and many others. The foyer request misinterpreted the confusion of the US Government selling the majority of the bitcoin holdings appears to stem from misinterpretations of the specific holdings of the U.S. marshall Service which those of the entire federal government. The foyer request that sparked the debate was submitted by journalist Lola and it accurately reflects The Marshalls control just 29,000 BTC roughly. However this only accounts for the bitcoin under the custody of that particular agency which is the US Marshals. On chain data from blockchain analytics firm ARCAM intel provides very different picture. According To Aram, the US government as a whole is still holding roughly 198000 at the BTC worth roughly 23 and a half billion. That's current price price. These coins are distributed across various federal agencies and are not limited to the Marshall's holdings. Nonetheless the misinterpretation took hold quickly. Even U. S Senator Cynthia Lummis made a tweet about it yesterday who is a well known advocate for bitcoin responding I am alarmed by reports that the U S has sold off over 80 of the Bitcoin reserves leaving just 29000 coins. If true, this is a total strategic blunder. I love that she's using the chess terms Amen and sets the United States years in the bitcoin race. This would be the biggest blunder since Germany dumped their bitcoin holdings right before it went parabolic and they lost billions of dollars. So hopefully it's not true but there's no telling would have constipated Janet Yellen Ban the Repercussions of the broader market would be immense if the US government did indeed sell 170,000bitcoin, especially in secret with Trump's administration. Oh my God. There'd be another one. A sale that can scale the unleashed massive selling pressure, causing a strong drop of the price. But want to know what the silver lining would be then? I think it'd be more probable Trump would have to make a massive bitcoin acquisition. Like 4 million bitcoin, which was proposed in Cynthia Lummis's bill, especially if we barely have any to begin with. Yeah, I mean, so to me, that's the silver lining, but there's just no telling. I mean, you don't know who to trust nowadays. And we'll soon see. One thing I know for certain, three things cannot be long hidden.
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JV
The sun, the moon and the truth. And that includes Epstein's clients. I'm just saying. Now for our feature story of the day, here's the latest from the high priest of bitcoin, the one and only Max Kaiser. He reminds us, you can't taper a Ponzi scheme. Bitcoin 2.2 million in play. And he's been calling for 2.2 million for several months. I know best because I've been covering it. So here's off the back of Elon's tweet from June 13, where Elon tweeted, it'll massively increase the already gigantic budget deficit to 2.5 trillion. Ultimately discussing the US deficits like, I think it's like 37 trillion. And the big beautiful bill is going to send that deficit to above 40 trillion. So Max is reminding us, you can't taper a Ponzi scheme as long as that money printer go brrr. It's a mathematical certainty. The bitcoin purchasing power is going to go up again against the dollar. Hence 2.2 million in play. He also wrote here, and this was a very Powerful post and it speaks volumes. And this was actually shared on May 20 a few months back and I think it kind of went under the radar. But off the back of the News of Japan's 30 year yield rise to the highest on record. Max truly understands this because he's been in financial markets his entire life. So he's blowing the whistle here. Yen carry trade explodes. Japan forced to sell 1.2 trillion and U S Treasury bond bonds. Bitcoin carry trade goes vertical. The speculative attack on fiat money spikes higher as capital flees lower yielding fiat money and plows into the yielding high yielding BTC. And a reminder, 2.2 million dollar Bitcoin in play. Let me know if you agree disagree with a high priest. And also he just wrote this, I believe today off the back of this tweet, 152 billion in defense spending just got approved. Goldman Sachs identified the stocks positioned to benefit most. Who gives a about the stocks, Great point. Here Max writes funded by borrowed money, paid back by printed money that debases the currency that jacks bitcoin price higher. Another reminder, 2.2 million in play. And in fact actually brought up all the recent 2.2 million tweets from Max. Why not? Let's entertain this. Check this out. Can't wait. Bitcoin 2.2 million in play. See you on the other side. And that was off the back of this news on June 7th. Just then President Trump says he selected a new federal reserve chair and guess what? Nipinator is the new fed chair. So all hail the nip. Also he wrote 2.2 million in play when they featured the gigachad Mikey sailor as the bitcoin alchemist. One of my favorite words there by the way. Yeah, 2.2 million in play. Send it. He also wrote April 23rd, I'm bringing the receipts right here was the U.S. yeah, April 23rd he reminded us game theory in action. 2.2 million in play. That was off the back of this news. Ironically someone throwing the gauntlet at micro strategy. We want to become the most successful. And that was off the back of all the bitcoin treasuries racing to accumulate more bitcoin. It just creates more game theory which is a term a global hash war which Max invented many years back when a lot of people said governments won't allow bitcoin coin, they're going to ban it. Max was one of the few, if not the only who said no governments are going to adopt it. They don't have a choice. And he also remind us here June 13th Bitcoin is meeting geopolitical headwinds from disgruntled no coiners and fiat money worshiping zealots. 2.2 million in play. Max with the laser eyes right after the mic drop statement from Stacy reminding us at the event the bitcoin rappers get direct exposure to bitcoin. I know I'm paraphrasing but that's ultimately her message and that was the best message of the entire conference. He also said on February 2 Victory Bitcoin 2.2 million still in play. Watching ETH burn to the ground is glorious. Cardano Solana XRP going to zero against Bitcoin. It's a great reminder. It's all going to zero against bitcoin. He also reminds us here this will obliterate the US$2.2 million in play. Off the back of this news, it's official. President Trump calling for the first 300 basis point interest rate cut in U. S history. Another one. Bitcoin rips higher as we enter the global bond apocalypse. Capitalists fleeing the bonds. It's a 200 trillion dollar market bro. Bitcoin 2.2 million in play. Do we even bitcoin bro. And actually I remember this background because this is actually at the the event place where they hosted the Max and Stacy invitational. I'll never forget because I remember the, the, the pool and all that. I was just there in January. Also more tweets. Everything goes to zero against Bitcoin 2.2 million in play. Another reminder, global tariff war equals global currency crisis. Economic chaos. Perfect conditions for Bitcoin. 2.2 million in play. I mean I can go on and on. I'll do a couple of more. Employee of the month. Trump's pumping his bitcoin bags with the invite to print to death. Referring to the money printer going burr. 2.2 million incoming again, 2.2 million in play as the debt increases. And last reminder, you can't taper a Ponzi. Bitcoin 2.2 million in play. And if you don't know, ask your mama. But there you have it. Let me know your thoughts with the 2.2 million. When is the million dollar question. We all know it's inevitable. We all know it's going to happen. But when can it happen? This cycle? Will it happen by next cycle? Will it happen by the top of the decade? Within the next five years? By the year 2030? Let me know your thoughts and read your comments out loud. Shout out nipinator and everyone joining the live stre also we are pumping and thumping new all time high in play. We're less than 3,000 away as Bitcoin just recaptured 120 pretty effortlessly. We're currently 120 and what did I say at the beginning of the show? I would not be surprised if we break through 120 during the live stream and you know, start heading back towards price discovery. It could happen. During this stream, anything could happen. Bitcoin has no top because Fiat has, has no bottom. Can I get name in? We're still early. Hell yeah. Hell yeah. It's like 1% of the population even has any exposure to bitcoin, if that. We're super early. We're early like Aunt Shirley, you. I mean we just hit 165, 600. A new glorious all time high in Canada. So yeah, bitcoin's going to continue reaching new all time highs. And Fiat countries, currencies and nations across the world, that's what happens at times like this. It'll be the next cycle, JV1 million cycle peak this cycle. So the Oracle's projecting we hit 1 million this cycle as a bull scenario and that the following cycle, which would be probably around the top of the decade, potentially a couple of years prior to that, 2028, we hit the 2.2 million. I'm digging it because 1.1 million plus 1.1 million is what? What 2.2 million? You already know how I feel about the number 11. 1.1 million is ultimately an 11 with a decimal in between the two numbers. And I dig it can very easily happen. We typically add a zero every cycle, which is a 10x and if we only 2xed from the 1.1 million, you know, times 2, we're right there at Max's 2.2 million. 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: 2054: “Yen Carry Trade Explodes, Bitcoin Carry Trade Goes Vertical, $2.2M in Play”
Host: Justin Verrengia
Release Date: July 18, 2025
In Episode 2054 of "Bitcoin News Alerts | Daily BTC News," host Justin Verrengia delves into a multitude of critical developments in the Bitcoin and broader cryptocurrency landscape. This episode covers Bitcoin's near-term price movements, significant legislative debates in the U.S., international collaborations on Bitcoin adoption, corporate strategies surrounding Bitcoin investments, and insights from prominent figures like Max Saylor. The discussion is rich with market analysis, regulatory insights, and speculative forecasts, making it a comprehensive resource for both seasoned investors and newcomers to the crypto space.
Bitcoin and Cryptocurrency Performance
Justin begins by updating listeners on Bitcoin's price trajectory, noting that Bitcoin was on the verge of reclaiming its $120,000 all-time high shortly before the live broadcast. At the time of the episode, Bitcoin was trading at approximately $119,000, mere $4,000 away from completing its price discovery phase.
Justin also highlights significant movements in other major cryptocurrencies:
The overall cryptocurrency market cap stood at $3.82 trillion, nearing an all-time high with a 24-hour trading volume of $203 billion, marking a 10% increase on the day.
Top Gainers and Market Sentiment
Among the top 100 crypto gainers, Flare led with a 16% increase, followed by Curve DAO Token at 13%, and Fart Coin at 9%. XRP followed closely behind. The Crypto Greed and Fear Index was at 74, indicating extreme greed, which often precedes market corrections.
Legislative Debates and Key Bills
A significant portion of the episode is dedicated to the ongoing debates among U.S. lawmakers regarding key cryptocurrency legislation. The proposed bills include the Clarity Act, the Genius Stablecoin Bill, and the Anti CBDC Surveillance State Act. These bills aim to shape the country's regulatory framework for digital assets, addressing consumer protection, anti-money laundering (AML) provisions, and the development of Central Bank Digital Currencies (CBDCs).
Points of Contention
Democratic Concerns:
Democratic Representative Maxine Waters voiced opposition, arguing that the bills do not adequately address conflicts of interest, particularly concerning government officials' involvement in digital asset ventures.
Republican Support:
Republican lawmakers support measures to prevent government officials from trading cryptocurrencies, though notable exceptions exist, such as allowances for the President and Vice President to have crypto businesses.
Legislative Outcomes
Despite the political gridlock, some bills have progressed:
However, the lack of unanimous support, especially from key Democratic figures like Maxine Waters, threatens the comprehensive advancement of these regulations.
International Collaboration
A noteworthy development discussed is the meeting between Pakistan's Crypto Minister, Bilal (Crypto Council CEO and Special Assistant to Pakistan's Prime Minister on Crypto and Blockchain), and El Salvador's President Bukele, along with Stacy Herbert and Max Kaiser. This meeting focused on exploring collaborative opportunities for Bitcoin adoption and blockchain-driven financial inclusion.
Goals and Outcomes
The collaboration aims to:
A letter of intent was reportedly signed, signaling a strong commitment to these initiatives.
Implications
This partnership underscores Pakistan's growing interest in positioning itself as a significant player in the global digital asset economy, drawing inspiration from El Salvador's early and committed Bitcoin adoption strategy.
Sailor Strategy's Surge
Justin discusses the remarkable performance of Mikey Sailor's firm, Sailor Strategy, which has achieved a record market cap in the wake of Bitcoin's recent surge. The firm now manages $62 billion in Bitcoin, marking a substantial increase from its previous $400 million market cap in 2020.
MicroStrategy's Performance
MicroStrategy (MSTR) continues to be a major player in the Bitcoin investment space. The company has acquired an additional 4,225 Bitcoin, bringing its total holdings to over 600,000 BTC, making it one of the largest corporate holders of Bitcoin globally.
Future Projections
Jeff Walton, Vice President of Strategy Funds, anticipates that Sailor Strategy could become the top publicly traded equity due to its robust Bitcoin-backed financial strength. This bullish outlook is supported by the firm's consistent Bitcoin acquisitions and strategic growth.
FOIA Request Revelations
A significant rumor has emerged questioning the U.S. government's Bitcoin holdings. A Freedom of Information Act (FOIA) request revealed that the U.S. Marshals Service currently holds only approximately 29,000 BTC, significantly less than the previously assumed 200,000 BTC. This discrepancy has fueled speculation that the government may have sold off a substantial portion of its Bitcoin reserves.
Market Reactions and Speculations
Senator Cynthia Lummis, a known Bitcoin advocate, expressed alarm over the potential sale of 170,000 BTC, suggesting it could be a strategic blunder with massive repercussions for the market.
Clarification:
On-chain data from ARCAM Intel indicates that the total Bitcoin holdings of the U.S. government remain around 198,000 BTC, dispersed across various federal agencies. The FOIA request specifically pertains to the Marshals Service, not the entire government.
Implications for the Market
If the rumor of selling 170,000 BTC were true, it could lead to intense selling pressure, potentially causing a significant drop in Bitcoin's price. However, given the clarification, the actual impact might be less severe, depending on the actions of other federal agencies.
Monetary Policy and Bitcoin's Future
Max Saylor, a prominent Bitcoin advocate and the CEO of MicroStrategy, continues to emphasize the concept of "$2.2 million in play," suggesting a significant increase in Bitcoin's purchasing power against the USD due to ongoing monetary policies.
Yen Carry Trade and Bitcoin
Saylor highlights the explosive growth of the Yen carry trade, where over a trillion dollars are being invested in U.S. Treasury bonds. Simultaneously, the Bitcoin carry trade is gaining momentum as capital shifts from low-yielding fiat currencies to high-yielding Bitcoin.
Defense Spending and Economic Impact
Saylor connects increased defense spending and the resulting budget deficits to Bitcoin's upward trajectory. He argues that as the U.S. continues to print money to cover deficits, the value of fiat currencies will erode, making Bitcoin an increasingly attractive store of value.
Global Economic Conditions
He underscores that global economic instability, such as tariff wars and currency crises, creates ideal conditions for Bitcoin adoption. The anticipated "global bond apocalypse" will further drive capital into Bitcoin as investors seek refuge from depreciating fiat currencies.
Future Projections
Saylor remains steadfast in his prediction that Bitcoin will reach new heights, potentially hitting the $2.2 million mark. He ties this forecast to the continuous mismanagement of fiat currencies and the inevitable shift towards decentralized digital assets.
Justin wraps up the episode by reinforcing the bullish outlook on Bitcoin, citing the ongoing momentum and limited downside due to the inherent weaknesses in fiat currencies. He encourages listeners to stay informed through the podcast's premium content and live streams.
Key Takeaways:
Listeners are encouraged to engage with the podcast's community, share their thoughts, and stay updated through the provided platforms for ongoing insights and live discussions.
End of Summary