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2055: Ark Invest’s Cathie Wood Explains Why Bitcoin Is Going to $2.4 Million Soon
00:43:10
Ark Invest CEO Cathie Wood predicts Bitcoin soaring 2,426% over the next 5 years. Based on today's prices, a $2.4 million future BTC price tag assumes that Bitcoin will soar by 2,426% by the year 2030.
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- [00:00]
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- [00:32]
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- [01:00]
JV
Happy TGIF welcome everyone to no. 1 Bitcoin Pod. In today's show, Bitcoin Golden Cross that sparked 2000% Bitcoin gains is already here. I'll be breaking down the latest technical analysis. Also breaking news 10 trillion dollar Charles swap to launch Bitcoin and Ethereum trading services. Also, a Bitcoin whale just sold literally 80,000 bitcoin he has been hodling since 2011. He paid 54,000 is now worth to 10 billion. Also Meta Planet versus similar scientific the race to become Bitcoin's biggest corporate whale. Also, how Jack Dorsey's new app lets you chat without the Internet and why this is massive. We'll also be discussing breaking news. President Trump officially signs the Crypto Genius act into law. David Ike says Trump couldn't call programmable money a central bank digital currency because his base would have been furious. So he calls them stable coins. Anyone tired of winning yet? Max responded sadly, the new crypto laws in the U S don't come with consumer warnings about the dangers of coins. The rise in these poisonous garbage coins is like watching poor obese people gorge on high fructose corn syrup and seed oils thanks to government misinformation and graft. Also, we'll be discussing the latest news regarding Trump eyeing executive order to open up retirement funds such as 401ks for Bitcoin. Also breaking news Ark Invest Cathie Wood explains why bitcoin is going to2.4 million soon again 2.4 million per bitcoin supply Shock income in we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. If you're new to the Rumble, important to give us a thumbs up or a thumbs down if you don't like the show, but please give me some form of an interaction. I greatly appreciate that. We're also streaming live on the X on BTC News Alert as it's a dual stream here each and every day. Today is Friday, so happy TGIF. It's Pod episode 2055. I'm your host JV alongside the new Chairman of the Fed, Nipinator. So please give it up for the one and only Nipster. And with that being shared we're going to kick it off with our market watch as we do each and every day. Big news in crypto clearly and we will be getting into all that. But first let's pull up coin 360 here. As you can see on your screen we got bitcoin. Bitcoin correct in a bit. Currently sitting just above 117.2 as the Alta been ripping. You have Ether above 3500. We ain't seen price action like this from ETH in several years. XRP trading at $3.40. It was up 25 yesterday. We ain't seen price action like that since 2017 two cycles ago. H bars up doge is pumping but the bulk of the market obviously in the green and checking out coinmarketcap.com the current crypto market cap sits at 3.83 trillion. This is pretty amazing. We've been hitting new all time highs here. Bitcoin market cap all time high I believe is 2.4 trillion. It did correct a bit here. It's currently 2.33 trillion. A lot of volume. 233 billion in the past 24 hours. Bitcoin dominance been back on the decline at 60.9% with the ether dominance back on the climb at 11.1% and checking out top 100 crypto gainers past 24 hours. Wow. I haven't seen Ethereum classic like as a top gainer in like it feels like at least five years. But anyways today it's a top gainer up 18%. Unis swap up 16% followed by the infamous dogecoin up 10%. Let me know which alts if any you're bullish on for the mother freaking bull and I'll read those comments out loud here shortly. Checking out the crypto bubbles. Get a visual perspective on the daily the bulk of the market actually really in the green big time here today. At least 90% zooming out for the week, very similar scenario. Zooming out for the monthly. Virtually everything in the green. Zooming out yearly. It's a good mix. Maybe 50, 50 dead in the middle of Little Italy. Little did we know that we riddle some middle men who didn't do diddly. There's some bars from Big Pun, rest in peace. But anyways, we're checking out the crypto green inferior index. Today it's a 73, yesterday 74, last week of 71 and last month of 52, which is neutral. And check it out, the time chain calendar. We're on block height 906,107 with 143, 893 blocks until the having of 2028. And as of today, 7-18-2025, you can exchange one fiat monopoly dollar for 854 sats. Again, one dollar will get you 854 sats. So you know what to do. Pick up the sats, put down the gats, pick up some bitcoin caps from a man sergy over@bitcoin caps.net. let's continue. We'll do our TA, aka astrology for the baddies. We got a very bullish headline. Bitcoin that sparked the 2000% bitcoin gains is already here now 2000%. Correct me if I'm wrong, that's a 20x a bitcoin were a 20x from here we'd be probably above and Beyond Max Kaiser's $2.2 million target. I'm doing all the math in my head, so that's why I say correct me if I'm wrong. I'm on the fly. I'm live streaming, living my best life with the Nipator, you feel me? But yeah, bitcoin golden crosses. Not to be confused with the golden shower or anything to do with the P, Didy or Epstein list. I just want to throw that out there. Form when the 50 day simple moving average crosses above the 200 day equip equivalent, often sparking huge huge price gains, their success is varied. Sometimes the 50 day SMA fails to stay above the 200 day SMA for long. Regardless of the duration, the golden cross clearly impacts the bitty price action quoting analysts here. Every single time this signal shows up bitcoin goes vertical. It's almost as accurate as Nipinator indicator. But Nipinator indicator is the only bitcoin indicator with 100% accuracy, so keep that in mind. These have included giant bull market surges with all 2017, 2020 seeing upside and that's right. I remember that particular year. That's when I discovered the Biddy. Bitcoin was like 15 Honda when I discovered it earlier on in 2017 and it did go up 20x that year. It was sub1,000 early in the year and then it climbed all the way to almost 20 000. It was like 19 9. It was just on the cusp of hitting 20 000. That was a 20X. What a here the most recent Golden Cross came October 2024 when Bitcoin traded at 65 GS. And then in three months Bitcoin reached a new all time high of 110. That's a double up. Same setup, same signal, he points out. And so far maximum gains for the bitty has totaled a comparatively modest 12%. Even copying the short lived cross from 2016, that was the year of the second having the target versus the cross confirmation price becomes 155,000, 000. So as they say, if history is to rhyme or Repeat, game on. It's going up forever. Laura and while consolidating below the 120 which we're currently doing, Bitcoin given market participants every reason to expect further price discovery. Oh, that's put in lightly. I expect us to break out and reach intelligent infinity. I mean like the Ethereum max supply. I'm just saying targets increasingly favor 135 as the next stopping off point for the bitty and quoting REC capital daily close above 120 range, high resistance followed by the post breakout retest. And keep in mind last weekend was nothing but pumpage. We had seven consecutive days and the entire weekend we pump. I hope to get that repeat and hit a new all time high. If not today, maybe sat stack and Saturday we shall soon see. And I will be streaming. I stream live every day. I'm the only podcaster in the bitcoin space I know of streaming 7 days a week 365 days out of the year. Hence with no one Bitcoin pod rat Capital also observed the consolidation was diverting capital into the altcoins, which is true. The alts have been making a run and check this out. This is pretty big news. I'd say 10 trillion dollar Charles Schwab to launch bitcoin and Ethereum trading services. And this was on the mainstream media on cnbc. Nothing to see here but yeah, obviously pretty massive considering the entire crypto market cap isn't even at 4 trillion today. And then also big news which caught my eye. A bitcoin whale just sold all the 80000 Bitcoin for almost 10 billion. 9.6 billion. And he's been huddling since 2011 and he only paid 54000 for the 80000 Bitcoin. So he flipped 54000 worth of Bitcoin again in 2011. He huddled for 14 years and he just cashed out turning it into almost US$10 billion. Mind boggling. If that's not all the reason you need to be thy name with a bitcoin, I don't know what is and Portnoy clearly is never going to get the message. But I digress and we will pull up some of the live charts and do our live chart action. Jackson Satisfaction, Bo Jackson, Joe Jackson and Deion Sanders. I'll throw him in there. Why not for the Roskies, give it up for the Nip. Your new Fed chairman doing what he does best. But anyways, should I call him the Fed Dogman or should I? Or sorry Chair Dog versus the Chairman. Let me know what's more fitting for the Nip. But here we're looking at a one hour chart. We do have a bullish pennant formation and we also have a GRE bullish pennant sitting at 135 5. Clearly that would take us to price discovery which is currently just above the current top which is the all time high which we achieved like 3 days ago which is 1232 via Coinbase and that's what we're looking at now. Coinbase charts via Trading View. We don't even entertain the bear targets when we're in a bull because you mess with a bull you get the horns telling the infant. But as you can see here, yeah bullish pennant on the four hour chart we have a Barney the Purple Dinosaur target bull flag sitting just shy of 130 in play. I repeat 137 in play on the four hour and also we have a green target sitting just shy of that. And zooming out a little further. Get a little broader perspective in the market here.
- [11:04]
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- [11:31]
JV
The McDonald's Snack Wrap is back. You brought it back. Ranch Snack wrap, Spicy snack wrap. You broke the Internet for a snack Snack wrap is back. And again, happy TGIF family looking at the daily and the daily says holy is what it says Rising Wedgie. The only wedgie officially approved by the new Fed chairman Nipinator we also have a purple target sitting even higher and 146 4. It's a bull flag. Let me know when you feel we'll likely hit that. I still am very confident we can strongly most likely hit that sometime this summer. And yeah, I feel this next leg up is just getting started. We ain't seen none yet but you let me know your thoughts and I'll zoom in a little further. Take two more broad perspectives. We'll take a snapshot of the Weekly this is live Chart Action Jackson in the flesh. You can see on the Weekly how bullish the momentum has been. In fact, we had seven green consecutive weekly closes, which I don't recall ever seeing. It's like it's a rarity if it has happened before. It's been a long time. But then we had three corrective weeks and now we got three more bull weeks and thus far it's only Friday. Got a couple of days left, but since the recent correction we're in red. But the three previous weekly closes were all green and they're all consecutively higher and higher and higher. In fact, we just had the highest weekly close last Sunday, which is pretty lit. But we do still have124,000cup and handle target on the weekly chart. And we already came within 7,800striking distance to that particular firmament, if you know what I'm saying. And zooming out a little further, taking a look at the monthly. Now the monthly shows us 1, 2, 3, 4. This month is our fourth fourth green consecutive candle. We'll get an official close in roughly 12 days, but the bullish momentum clearly is back. Let me know where you feel the bitty price likely take us next. Anyways, we do got a lot to share. Big news in the markets today. Next we're going to be discussing Meta Planet versus Similar scientific the race to become the biggest Bitcoin corporate whale. Now obviously I don't think they're ever going to become bigger than mstr, now known as Strategy B. But hey, let's entertain this article here. As we can see. Check it Both are publicly listed, both are buying bitcoin in science, and both are turning their balance sheets into the battleground. On July 7, Meta Planet listed in Tokyo added 2200 Bitcoin for 238 million, bringing their total stash to 15,555 BTC. Worth 1.7 billion is Bitcoin yield, a measure of the bitcoin acquired relative to the equity issued, now sitting at 416. That's a dub. That same day Semler, a Nasdaq listed health tech firm added 187 to the bitcoin worth 20 million, growing its treasury to 4,600. Bitcoin worth a half a billion with a bitcoin yield is 29% on that now how they both are building Bitcoin focused balance sheets. Let's entertain this. Meta Planet used to run hospitality and media businesses in Japan. In 2024 it shifted focus entirely to Bitcoin, aiming to accumulate 210,000 BTC by 2027, roughly 1% of the total supply. Also their CEO calls it a once in a generation play. The fund. To fund it, the company issues preferred equity, avoiding debt and giving it more flexibility following in the cellular put beyond holding bitcoin, Meta Planet plans to use its reserves as collateral to acquire fintechs or even a licensed digital bank. This is the foundation for the Meta Planet bitcoin strategy. Now Semler entered to space obviously much later, announcing its bitcoin investment strategy mid last year, aiming to reach 10,000 bitcoin by the end of this year with 105,000 bitcoin goal which pretty pretty lit by 2027 putting it amongst the top bitcoin wealth companies. But to do this, it's using a 500 million equity issuance plan with 156 million raise as of mid-2025. Back in June of this year, Semler hired Joe Burnett, former mining analyst and director of Bitcoin strategy, a clear sign it's committing to the long term. While Meta Planet moves fast, Semler is more cautious. However, both demonstrate the general trend. More public companies are buying Bitcoin in 2025 as a core asset. In fact, it seems every single week there's another bitcoin treasury company being birthed. And not these little small potatoes but like multiple billion doll buys. I'm Talking about Jack Mer's company 21amongst many others, Trump's own company 2.5 billion buy acquisition in play. Meta Planet's July purchase of 2200 was more than 10 times larger than Semlers. The bitcoin yield metric popularized by sailor strategy tells the story. Meta planet's yield is 416%, Semler is only 29% and obviously there's many other competitors out there as well. But as of mid-2025 public companies now hold 852,000Btc. And the numbers continue. Also we have BlackRock alone has over 700000 Bitcoin Sailors Company has 600,000plus Bitcoin. So just between the two that's more than 1.3 million Bitcoin, which I believe is, if I'm doing the math in my head, more than 6% of the circulating bitcoin supply. Which is absolutely freaking mind boggling to say the least. But there you have it. Yo Boom Shakalaka Epstein is there. Then you blow it up. Stories Bit Chat, which I find to be fascinating. Shout out Jack Dorsey for this one. Again, reading the headline here after the infamous freeze frame and I don't want to skip a story. So there we go. How Jack Dorsey's new app lets you chat without the Internet and why it matters. Let's break her down. What was initially a weekend project for Dorsey is quickly evolving to a compelling proof of concept. It has the potential to offer truly decentralized, censorship resistant communication. All of which is turning heads in the tech world and worrying governments. I mean, as long as we're worrying governments, humanity's on the right track, in my humble opinion. Bitch at was released in beta back July 7th of this year, maxed out its 10,000 test flight slots in a matter of hours, and he immediately shows an interest in an an offline communication solution. I think it's genius. The app just isn't a technical experiment, though. It shows a step into where communication could exist even when traditional infrastructure fails or faces censorship. And in an increasingly monitored digital world, a censorship resistant communication tool is peaking the interest. Oh hell yeah. Especially the Bitcoiners. Now, in simple terms, it runs on a different principle compared to traditional messaging apps like WhatsApp. It removes the need for cell towers and Wi fi networks, instead creating a decentralized mesh of Bluetooth. So it's some form of a mesh network using Bluetooth. And as shown in this image, the mesh network uses BLE to relay messages across nodes with within 30 meters. And Alice's message to Dave hops through an intermediate device to reach the destination. I'm not going to pretend to understand none of this, but hey, I'm all for it. Every device that runs Bit Chat functions both as message and client for the user and the server, creating a mesh topology. Breaking it down a little further. When you send the message, it doesn't travel on a Cell phone or Internet network to a distant server. Instead, it hops directly between your device and nearby Bit Chat users. So it sounds like it's just decentralized communication without any middleman Genius who then relies further or relays the destination. It's a bit like high tech Chinese whisper. Hey now. The message hopping technique requires direct Bluetooth range between devices approximately 30 to 100 meters. Using a store and forward system, messages can travel beyond the Bluetooth range. For example, if a recipient is offline temporarily, messages can be catch or cached and stored on nearby devices, then delivered to the recipient when connected to the mesh. Nice. There are some key technical components to enable Bit Chat to operate in the peer to peer manner. Number one, peer to peer architecture. Number two, message hopping. Number three, end to end encryption and number four no persistent identifiers. This is big. Random peer IDs are generated for each session to protect user privacy. I'm all for it. So each time you open the Bitch app, it provides your device with an id. There is no persistent phone number or email, so it sounds like it's synonymous. Just like the bitty. I dig it. Now how to use the Bitch at decentralized messaging app. The community on GitHub has also created an unofficial Android version which is available for use. Android users will need to side load the app to start using Bitch. It's refreshingly simple. There's no laborious phone numbers or account creation, nothing to identify yourself. That's good. Once loaded, the Bit Chat app starts looking for nearby peers at a Bluetooth mesh, automatically given a nickname such as Anon1234, which can later be changed to Nipinator. For those who have used classic chat rooms in the past, you'll be familiar with this command interface. Once connected to a nearby user, you can start chatting with others even if you're in an area without cell coverage. Epic. Now this is a game changer. And again, use cases continue. But this is pretty big. Personally, now that I've read about it, I can't wait to use it. Now. What are your thoughts on the Bit Chat next story? This is the big story of the day. It just happened minutes before I hit the live button. So I'm going to give you some feedback from some of the top people in the space. But here's the big news breaking. And here's a video clip. President Trump officially signs the Genius Crypto, or that Crypto Genius act into law. My first reaction is CBDCs are incoming, which is a central bank digital currency. I'm going to give you some insights from some thought leaders that I follow. One of them is David Icke. He wrote Trump couldn't call programmable money a central bank digital currency CBDC because his base would have been furious. So he calls them stable coins. Anyone tired of winning it? I agree with that. I look at stable coins outside of USDT as central bank digital currencies programming scramble money that the government will weaponize and use against us. That's why I'm a big bitcoin proponent has been preaching the holy gospel of Satoshi for the past eight years, virtually every single day and telling you to stay away from the CBDCs. Now Trump knows the bitcoin community is smart enough to recognize CBDCs as evil because we've been doing a hell of a job exposing it. So instead they just use the name stablecoin. But let's see Max's feedback. He's an og. Sadly, the new crypto laws in the US don't come with consumer warnings about the dangers of the shitcoins. The rise in these poisonous garbage coins is like watching Poor AI is moving fast.
- [21:57]
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- [22:54]
JV
Obese people gorge on high fructose corn syrup and seed oils thanks to the government misinformation and graft. That one's very deep and I can definitely resonate with that one. But now let's actually dive a little deeper into this genius act, which just got signed via the bill. And then we'll continue on Trump. He already signed it officially again, right before I hit the live button. The U S House passed the three crypto bills Thursday, including the Genius act, which stands for Guiding and Establish a National Innovation for the U S Stable Coins act, which I perceive as CBDC Central bank digital currency and I just remind people to focus on Bitcoin. I personally don't give a about anything else in crypto outside of bitcoin, especially whatever stable coins which will be introduced by the government and which threw us overboard a very long time ago in my humble opinion. But what do I know? The bill originated from the Senate so it now only needs Trump's signature and it officially just got it. The law will come into effect 18 months after Trump signs it, which is 120 days after the so called primary federal payment Stablecoin regulators including the treasury and the Federal Reserve issuing final regulations implementing the Genius Act. As Tom Emmer put here, the Genius act will create a clear regulatory stablecoin framework. That's precisely what it does. It's a framework for the cbdc. Sorry, but that's what it is the thrive in the US bring our payment system into the 21st century and preserve the dollar's dominance as the world's reserve currency massively of win now stablecoin issuers will want to be banks according to Logan Payne, a crypto focused lawyer in Winston and Straw. He shared that the Genius act creates the incentive for stable issuers to create a banking license. He said a new stablecoin license under the Genius act limits a company's activities to purely stablecoin issuance. But most stablecoin issuers do a lot more than that, quoting them here. Pretty much every stablecoin issuer in the U.S. issuing under U.S. law right now engaged in activities outside the scope of that license. Even if an issuer gets a Genius act approval license, Payne said, they'd still need state level money transmission licenses to operate nationally. That creates an incentive for stablecoin issuers to apply for National Trust bank charter with the Office of the Comptroller of the Currency such as Circle and Ripple, which allows for them to engage in stablecoin issuance plus a wider range of activities, but without having to get the state to state licenses now, interest unstable coins will be killed. According to this, the contentious part of the bill to some crypto users is a section that bans stablecoin issuers, both foreign and regulated under US Law from giving holders and users interest or yield. I wonder why yield offerings are one of the biggest marketing devices for stablecoins? Yeah, because banks don't give us a yield, you actually lose due to the inflation. I would be unsurprised to see a lot of these arrangements change or be modified moving forward. According to Pain, D5 will have a lot of uncertainty. Uncertainty According to Pain, he said the Genius act could inject uncertainty into decentralized finance over how platforms are to handle stable coins. I can tell you straight up, I don't think the government is a big fan of this because they don't have as much control over it. How genius will impact defy is intentionally a bit unaddressed, probably on purpose. But for now at least, there's still a lot of uncertainty. But in a general policy environment, if it continues, we'll start to have some of the answers be given over the long. Thank you, Captain Obvious. But anyways, I mean, there you have it. It let me know your personal thoughts on this Genius act. Do you think it's a good thing for crypto or do you think it's just the beginning of the cbdc? Yeah. Let's continue. Next story. Fam the Nipinator Lickinator indicator. There you have it. Next story. We got two more. This is actually pretty big as well. Trump eyes executive order to open up retirement funds to crypto There's a lot of money and things like 401k. This ultimately would mean that all that 401k money, which I think is trillions, we'll get into the numbers here, could flow into bitcoin. So let's break this baby down. You should be able to see here on your screen. President Trump reportedly set to sign executive order that will allow American 401k retirement plans to invest in alternative assets outside stocks and bonds such as crypto. The executive order could be signed sometime this week, according to the Financial Times, citing three people who have been briefed on the plan. The new 401k investment options could run across a broad spectrum of assets, including digital metals and funds focused on infrastructure deals, corporate takeovers and private loans. The executive order would instruct Washington regulatory agencies to investigate the best path forward for the 100 401k plans, start investing in the crypto and investigate any remaining obstacles to making it a reality, according to the Financial Times. So, yeah, again, lots of money to flow into bitcoin here. In a statement, White House spokesperson Kush what a great name said nothing should be deemed as official unless it comes from Trump himself. So this could be rumors, but it's Again, according to the Financial Times, President President Trump is committed to restoring prosperity for everyday Americans and safeguarding their economic future. No decision should be deemed official unless they come from President Trump himself. Back in May, the U. S. Labor Department rescinded guidance issuing during the Biden admin that limited the inclusion of crypto and 401k retirement plans. Also financial services reported fidelity which has 6 trillion in assets or management introduced a new retirement account allowing Americans to invest in crypto. So there you go. 6 trillion being unlocked to go into Bitcoin. 401k as you know, is retirement savings savings plan offered by many U. S employers. How many of you have a 401k? I'm actually curious that allows I do not that employees I've always been self employed since I was a young adult and invest a portion of their paycheck into the funds before the taxes are taken out. And the reality is with bitcoin no one needs 401k. I mean in my opinion But I know many of you guys already have it. I know many of your parents have it. Typically investment focus on mutual funds, ETFs and bonds depending upon the plan, the 401k market held 9 trillion. Oh, there we go. 9 trillion in assets as of last year. Wowzers. And 715000 401k plans people in the US and at the state level. In March, North Carolina lawmakers already introduced bills of the House and Senate that can see the state treasurer allocate up to 5% of the various state retirement funds of the cryptos such as the btc. In November of last year, the United Kingdom based pension specialist Cartwright reported an unnamed scheme. He had made a 3% allocation for the bitcoin into the pension fund. Meanwhile, Japan's government pension investment fund was also considering Bitcoin as a potential diversification tool. My question is though for the 401k, does the investment have to be through a wrapper such as an ETF or can they hold the underlying asset? I'm going to assume that they're not going to be able to hold and self custody the underlying asset. It's going to have to be through a wrapper such as an ETF and again not your keys, not your coins. So to me that's a big nothing burger. However, it will absolutely open the floodgates to more Americans having exposure indirectly I guess to bitcoin. Unless I understand all this wrong. That's why it's important to voice your opinions and feedback and thoughts and I'll read your comments out loud. Now for our feature story of the day, Ark Invest CEO the one and only Kathy Wood explains why Bitcoin is going to 2.4 million per BTC soon. Can you say supply shock incoming. So yeah, I want to give you what's trending regarding Kathy wood and the 2.4 million prediction. I'm going to read these headlines and then we're going to dive a little deeper and shout out Vivek. Now a supply shock incoming. I think we can all agree with that. When you have massive demand which is unprecedented like we have never seen since the inception of the genesis block for the BTC and then you have such a limited supply. The mother of all supply shocks I dare say is incoming. Because there's too much demand and too limited supply. So the numbers have to go up. And if that is to occur we can realistically hit 2.4 million within the next five years. Which is her latest prediction. So check this out. Ark investor said bitcoin's going to 2.4 million. It's a coming look at this chart. 2030 bitcoin price target. You should be able to see this live on your screen right now as I'm sharing doing a screen share. 2030 with a CAGR based on 32% bear scenario 500000 with a CAGR of 53 1.2 million and with a CAGR of 72. That that's the bull scenario 2.4 million in play. Let me know if you agree or disagree. With Arc Invest is Cathy Wood. Initially when they made a prediction long ago for 2030 it was like 1 million. But they recently raised it because of all the institutional adoption and all the bullishness which has been occurring around the world. And here is the the lady of the hour right here. How much bitcoin would it would chuck chuck if Kathy Wood was the Woodchuck and could chuck chuck the biddy. You guys let me know. But obviously she is an OG as well. Very smart cookie I'd say just revise the bull scenario for the Bitcoin price 2.4 million. Here's the main reason why due to the government and corporate buying precisely. We got bitcoin treasury companies being birthed like I said every week and it's not slowing down. The race is on as well as the global hash war which was coin from Max Kaiser. So I want you to tell me when you feel we're going to hit hit the 2.4 million. Do you agree with Cathie Wood by the year 2030 it's only five years out. We have the next having literally in 2028 three years from now. Can you huddle for freaking five more years to see a 2.4 million Bitcoin potentially? You gotta let me know your thoughts. Ryan Reynolds here from Mint Mobile. With the price of just about everything going up, we thought we'd bring our prices down. So to help us we brought in a reverse auctioneer which is apparently a thing Mint Mobile Unlimited Premium wireless everybody get 3030 better get 30 better get 202020 better to get 2020 everybody get 15151515 just 15 bucks a month sold. Give it a try@mintmobile.com Switch upfront payment.
- [33:11]
Mint Mobile Advertiser
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- [33:48]
JV
Can just see a lot of the headlines. 2.4 million 2.4 million 2.4million. Arc just bought 222 million. She is a mega whale. Naturally early OG for the Bitcoin. So let's dive a little deeper. This article was published by the Motley Fool. The headline reads could bitcoin soar by 2426% over the next five years? According to Arth Ark Invest as Kathy Wood for several years, Kathy, which we've been covering here on the pod, has been using a building block valuation model for the Bitcoin. Simply stated, she looks at six key areas where Bitcoin is showing signs of growth and then attempts to forecast how these areas are going to perform over the next five years. She then sums up the value of each of these key areas to arrive to a total valuation for the Bitcoin. Hence her bullish price prediction. And as of now, the key driver of the Bitcoin price growing involves the new spot Bitcoin ETFs. That's because large institutional investors are continuing to to pour money into Bitcoin via the ETFs such as Black Rock, Fidelity, etc. If investors decide to ratchet up a percentage of their portfolio allocated to the Bitty, then that should send the price soaring. Ripping like a new Scotty Pippin. In the updated 2.4 million forecast, Kathy Wood thinks that the Bitcoin could account for six and a half percent of investment portfolios by 2030. That's an aggressive target because right now the suggested allocation for bitcoin is only 2%. No even just shy of 2% which to me is mind boggling and many risk adverse investors may be comfortable. But only a 1% allegation to the bitcoin. I remember a research report published by BlackRock which I covered numerous times on the podcast over the years. They were suggesting like wasn't it like I think it was 84.9 Bitcoin allocation. I just can't see only 2% allocation from these trillion dollar juggernauts months. But even if so we can still entertain 2.4 million per coin. What if BlackRock's research report ends up being true and they do like 85 allocation into bitcoin. Can you say 100 million dollar bitcoin? And did you know one bitcoin is divided by 100 million satoshis? And by the time one sat is valid at one US dollar, one bitcoin will effectively be worth 100 hundred million dollars. Do you think that will turn into fruition during our lifetime? Let me know your thoughts now in Ark Invest's Big Ideas 2025 report. Let me know if you've read that. We've covered it numerous times on the POD which was published back in January. Ms. Wood arrived at a one and a half million price tag for the pre low bitty going up forever. Laura. And if you compare the numbers use in the report with the numbers used in the updated prediction of the 2.4 million, clearly not much has changed. For example, ARK Invest is still using the six and a half percent allocation which is ultimately saying she is under promising or I should say yeah, under promise over deliver because it's very minimal expectations from these asset management giants. So what has changed is Cathie Wood's calculation of the bitcoin supply. Based on our estimates, as much as 40 of the Bitcoin supply is now vaulted. It may even be higher than that. Which means that it has taken off crypto exchanges. In fact, the crypto exchanges have the least amount of bitcoin available we have ever seen. Seen at least for the past eight years and potentially all time. Which means only one thing is going to happen. Bitcoin's going to go parabolic. I see it. I think it's going to happen this cycle. I think this next leg up is a coming and we ain't seen nothing yet. I think by the year 2030 we could be multiple millions of dollars. Whether it's 1 million 2.4 million or 10 million. It's kind of irrelevant because here's the bigger picture family. One bitcoin will always be equivalent to one bitcoin and one SAT will always be equivalent to one sat. And that's a fact, Jack. In fact, that's blackjack bitty babe. Now you might have noticed, tariffs is another thing. And guess what? You can't tariff the bitcoin. And I'm going to throw one more zinger in there for you. Satoshi doesn't have a client list, unlike Epstein. And there you have it. Let me know your thoughts with the latest from Kathy Wood. 2.4 million prediction. What do you think will happen by the year 2030 at the top of the decade, only five years away? As crazy as it sounds, 2030 is fast approaching. It'll be here before you know it. Let me know your thoughts and read your comments out loud. Welcome everyone, to the Q A segment of the live stream. 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 A. And I look forward to seeing you on tomorrow's episode. Hoddle Sam.