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2091: Dutch Firm Targets 1% of ALL Bitcoin - $1.3M BTC Forecast Ahead
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🇳🇱 Dutch crypto firm Amdax has raised $23.3M to launch AMBTS, a Bitcoin treasury company aiming to list on Amsterdam’s Euronext exchange - with the bold goal of accumulating 1% of the entire Bitcoin supply. At the same time, markets reel...
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A
Welcome bitcoin fam to the number one daily bitcoin pod. Breaking news. Fed chair Nipinator was just declared the official bitcoin mascot by the High priest Max Kaiser. I'll be breaking this down for you in today's show. We'll also be discussing the latest technical analysis. As you can see, Bitcoin is a dipping and slipping unfortunately at 108. We're also going to be discussing the latest breaking news as 92 crypto related ETPs are currently in the works. Meaning the floodgates are opening up. Send it. We're also going to be discussing bitcoin treasury flops. Three firms fumbled their bitcoin bets as well as Cardano. Founder Charles Hoskinson says one big driver will push the bitcoin price to a quarter million dollars by the end of the bull market. And speaking of bullishness, Dutch crypto Firm Amdax targets 1% of the total Bitcoin supply with a $23 million treasury launch. Let's get it. We'll also bitcoin to hit 1.3 million within the next decade according to the bitwise dude. I'll be breaking all this down for you. I'll also be taking a look at the overall crypto market. All this plus so much motherf again. More right here in today's show. If you're new to the rumble important smash the likes give us a follow and hit the repost over on x. Today is Pod Episode 2091. I'm your host JV. It's 8-29-2020 five. Bitcoin's correcting down 4200 on the day it just broke below 18,000. Want to know the the exciting news though? It's official Fed chair Nipinator has become the official mascot of bitcoin according to the High priest Max Kaiser. And I'll share the official announcement from his X account here in just a little bit. But first let's kick it off with our market watch as we do each and every day. Checking out coin 360. Give me a second to pull her up. You should be able to see here on your screen big board today. As you can see everything in the red. Unfortunately virtually everything. And checking out coinmarketcap.com the current crypto market caps dropped significantly. It's currently 3.74 trillion. Bitcoin market cap 2.148 trillion. We have 195 billion worth of volume for the past 24 hours. And happy four hundred and twenty to the Brosis. And shout out to all the baddies out there, bitcoin dominance is coming in today 57.4%, ether dominance 14%. Even checking out top 100 crypto gainers pass 24 hours we got pith up 17%, pump fun up 7% and bonkers up 3%. Let me know which all to fanny are bullish on for the Bullhala. Checking out the crypto bubbles. Get a visual perspective on the day. Unfortunately it's like more than 90% of the market wrecked on the daily. Checking out the weekly unfortunately, just bigger wreckage. Very similar. 95% of the market. Maybe checking out the monthly not doing so much better. I'd say maybe 8020 red over green and zooming out for the annual. That's where we get the bulk of the market in the green versus the red. They say when in doubt, just zoom out. And checking out the crypto greed and fear index. Today we're coming in at a 51, a little higher than yesterday at a 48, still neutral. Last week 44 and last month of 75 in greed. And checking out the infamous time chain calendar with JV and the Nipinator. The new mascot of the bitcoin today is block number 912,298, 137,702 blocks until the halving of 2028. And as of today, August 29, 2025, you can exchange one fiat monopoly dollar for 927 cents. So you know precisely what to do. You pick up the stats, put down the gas and pick up some bitcoin caps from a man, Sergio over at Bitcoin caps. Net. Actually, let's just get right into the big news. Why not? Today is a special occasion, if I have your permission of course. But yeah, let's share the screen. Max made it official earlier today. He wrote here, bitcoin has many enemies. The blank choppers, Satis Satanists, hate perfect money, Bitcoin and God. But God has the devil on the run with bitcoin. That's a powerful quote right there. God has the devil on the run with bitcoin. Couldn't agree more. And he also reminds us we shall prevail. Now for the big news. Look at this guy. That's Fed chair Nipinator. Keeping them nipinating. Two Coco Maxes in hand, flying over El Salvador to the volcanoes in the background. Man, no one doing it quite as big as Nipinator right now. And here's the big big announcement. I wasn't anticipating, it hit me by surprise. But check it. Max claims he made the announcement it's official. This is the official bitcoin mascot, the one and only Nipinator Fed chairman. I mean we finally got a good Fed chairman working for the people who's going to help orange pill the masses. And that's the one and only Nipinator keeping them a nip. So with that being shared now let's dive into our technical analys analysis. You can see bitcoin price dip to the lowest since July 8th as liquidations passed 530 million. I bet you the liquidations are even higher now as we're correcting in real time during the time of the live stream but according to this particular one hour chart and I'll pull up the live charts here shortly Bitcoin hit a new multi week low. We're currently in the 107 range as Friday's Wall street open as consensus favor to drop towards a hundred thousand trading view confirmed daily losses of 4% and like I said we're still dipping whale selling press has been to blame earlier on the day with distribution on the largest global exchange bance compounding the downside of course Ms. Yellen a good area to keep watching right on the top of the previous range consolidation area as Dan crypto trades points out right here in this chart and also we have crypto Caesar who shared bitcoin failed to regain the 112 zone with full conviction. I'm watching these two zones. They want you to think this cycle is over. But we all know the bull isn't over. With little optimism, only lowkey time frames, the RSI Qs offer light at the end of the tunnel. Quoting another analyst here, Bitcoin still coming off a confirmed bullish divergence can still have a huge reversal back to 123 in the works. The current all time high is just shy of 125. This means that despite the current correction we can see nearly a 15% plus move back near the all time highs. Price discovery Send it and let's get it now. Both seasonality and macroeconomic factors continue to play the role for the weakening price action. September is traditionally Bitcoin's weakest month with markets also wary of U S inflation. Now the Federal Reserve's preferred inflation gauge which is the PC index, hit expectations on the day while adding to an inflation rebound. Despite the data from the CME Group's Fed watch tool, markets still saw the Fed cutting interest rates in September, a key tailwind for crypto and risk assets. Reacting Mosiac asset warn the landscape could still change based on the data into the September 17 decision quoting them here. Outlook for rate cuts could be in jeopardy if next week's payrolls are stronger than expected. And next up, let's go ahead and dive right into the charts, fam. I'll switch up the scene so you guys can see. So fresh and so clean. Clean. There you go. This is Trading View via Coinbase, the largest exchange in the states. We're currently just shy of 108 real lifetime. You know, price action here. This is the one hour. We do have a bull target on the screen though in the red silver lining that'll take us to price discovery baby. New all time highs. We got a falling wedge sitting at 1-259. Again falling wedge on the hourly chart sitting at 125. 9 which would take us to a new all time high. I like it. Now we'll zoom it out. Checking out the four hour. Let's map out this week's amazing destinations and travel tips.
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B
Honestly Will, I didn't plan any trips but I did switch to T Mobile with their new family freedom offer.
- [08:13]
A
That's not the itinerary we're following.
- [08:15]
B
Well, I'm departing from AT&T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [08:29]
A
Bon voyage.
- [08:30]
C
Introducing Family Freedom. Our lowest cost. To switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone16128 gigabyte $8,029.99 Eligible trade in eg iPhone 11 Pro for well qualified credits end and balance due if you pay off early or cancel contact T Mobile the four hour chart.
- [08:57]
A
Live it in the flash. You can see some big red all day today unfortunately. But we do got the falling wedge as a bullish setup and we also have a bull target in the red on the 4 hour sitting at 125.3A price discovery mode. Full send it and working our way back a little further we'll check out the daily. You're going to see a big ass red candle. Yep, big red candle on the day yesterday we had a green candle day before red, day before green. So it's like we're doing some sideways choppy price action. Also you're going to Notice the formation on the daily very bullish setup. Here we we have the bull flag followed by the rising wedge. But we do have a bull target. A very bullish target sitting at 1464 which is roughly 2030, 21,000 above the current all time high. Bring it and checking it out. Taking it a step further, checking out the weekly two days we get a weekly close. Big red candle already formed on the week. So unless we have a big reversal, we're likely to get the second consecutive red weekly close. Unfortunately, no particular bull target on this particular chart, but we're gonna zoom it out one step further. Checking out the monthly the monthly chart. You can see we only got two more days left for August. Put a bow on it. Then it could either transform into September or September. You guys got to let me know. But unless we have a big reversal, it looks like we're gonna get a red candle closed, destroying our 1, 2, 3, 4 months of consecutive bullish momentum on the monthly. But there you have it. Yo. Let me know your thoughts on where the price action will likely end for the month of August and I'll read those comments out loud. Next Story of the day fam. Let's get right into it next headline reads 92 crypto related ETPs which are exchange traded products are in the works. The floodgates are opening, I dare say. Yeah, absolutely. There's 92 crypto ETPs awaiting a decision from the USSEC. Won't let me be. Let CZ free please let him be. I want to stack some BTC but it feels so empty with all the coinery. Solana and XRP are the most sought after crypto assets, with Saul having eight ETF apps pending and XRP having seven, according to data from Bloomberg's Intelligence ETF analyst, the one and only James Safeart. He outlines it right there and there's A total of 92 awaiting Eric Bal Chunes, which is Bloomberg Senior ETF Analyst, posted on April 21 that 72 crypto related ETFs were pending with the SEC, meaning another 20 ETFs have been filed in the past four months. You can't short your dork can't afford that. Three pending ETFs proposed to offer exposure to Bitcoin and Ether, while the rest target the other alts. The list also includes 21 shares and Grayscale, which are seeking to get approval for their ether staking ETFs. Earlier in the month the SEC clarified that certain liquid staking activities fall outside of its purview Meanwhile, Grayscale is looking to convert 5 of its trust into ETFs which include three publicly traded funds and two privately traded funds. The conversion includes funds that offer exposure to litecoin, Solana, Doge, XRP and Avalanche. Quoting Nate Jurassi over here. Look at all the crypto ETF filings out there. What I mean by crypto ETF floodgates about to open soon. Now on Monday Bitfinex noted that Altcoins won't see a broader rally analysts over at bitfinex until more ETFs receive approval. Also we have BlackRock currently dominating the crypto ETF category. Say that again. They have over 700000 of the bitties, more than sailors company and they didn't start stacking until January 11th of 2024. Let that one sing in. It's bitcoin fun which is IBIT had witnessed a net inflow of 58 billion since inception while the Ethereum Fund iShares Ethereum Trust seen a net inflow of only 13 billion since inception. Now its IBITS funds now hold more than 3% of the total bitcoin supply. I'll repeat that. IBIT Black Rocks Bitcoin ETF currently holds 3% of the entire bitcoin supply now notably, Black Rock now earns more in fees annually from its IBID fund than its flagship S and P fund. Fun and ess. Yeah, all of them. Which is pretty mindboggling to say the least. So those fees add up and if you don't know now you know. But yeah, institutional adoption is something we've never seen in the previous cycles because Wall street didn't really join the party until they got the green light approval for the etfs, which was early January of last year. So kudos to you guys if you got the front run the the forces of evil including blackrock, all the Wall street firms and you know, the lizard folk for lack of a better term. I want Larry and IBIT to prove their holdings. That's right, their paper. Exactly. IOUs, family trust, nobody verify everything proof of reserves or forever hold your peace. But another thing to consider, that the US government can confiscate ETF BTC in the name of national security as well as all the bitcoin treasury held Bitcoin, which Coinbase is the primary custodian for the majority of them I believe even strategy and BlackRock, all their Bitcoin is being held by custodian Coinbase. So just between two companies we're talking like close to 6% of the entire Bitcoin circulating supply that the government could just be like, in the name of national security, it's threatening the dollar. We're going to confiscate it all. Deja Vu, 1933 Go Seizure Act. Done it before they do it again. And Max Kaiser predicts this will happen by the time bitcoin's priced at 400,000 per coin. So learn how to properly self custody your Bitcoin or forever hold your peace. I'm just saying. I guess we'll get right into our next story. Fam. Well, now that we discuss all the new treasury plays and all the firms on the verge of launching their own ETFs, you know, like I just said, 92 of them on the cusp. Now let's discuss Bitcoin treasury flops. Three particular firms that fumbled their Bitcoin bets. That's right. Sharing my screen right here, you should be able to see this pulling up and I'll break this one down for you. The number of Bitcoin treasury firms keeps on climbing. Announcing a bitcoin strategy is no longer a guaranteed way to pump a company's share price. The model was pioneered by the one and only Microstrategy via Sailor, now known as Strategy B. The world's largest, largest publicly traded corporate holder currently holding 632,457 BTC. And since its first purchase back in August of 2020, Strategy stock has risen more than 2200%, which is absolutely mind boggling. And as Of Friday today, 161 publicly traded companies each hold more than one Bitcoin according to Bitcoin Treasuries.net and together they hold a whopping 989, 900 Bitcoin just shy of 1 million, which is roughly 5% of the entire bitcoin supply. A wave of newcomers joined a bitcoin treasury club this year, but the market reaction has cooled off. Some firms have diversified into ether instead, while others have seen their shares trade back down to or even below pre announcement levels. Here's a look at some of those companies whose stock performance has failed to keep pace with their Bitcoin ambitions. Gamestop. They currently hold 4710 BTC. And they've had pretty lackluster performance since announcing the adoption. I know there's some sort of controversy going on between their CEO, I think his name is Ryan Cohan, and Sailor. I don't know if you guys saw that a few weeks ago, but nonetheless, on March 26, they announced its plan to invest in bitcoin. But Unlike the meme driven pumps of 2021, Bitcoin failed to create the same frenzy then. The GameStop stock initially jumped 12% peaking at 35 and they currently have 4710 BTZ. But then it sank down 27 year to date. So they had an initial rise when they made the announcement and then a massive dump. I think they should have purchased more and took it more seriously because they allegedly had like $5 billion. Let's map out this week's amazing destinations and travel tips.
- [17:17]
B
Honestly Will, I didn't plan any trips, but I did switch to T Mobile with their new Family Freedom offer.
- [17:24]
A
That's not the itinerary we're following.
- [17:27]
B
Well, I'm departing from AT and T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [17:40]
A
Bon voyage.
- [17:42]
C
Introducing Family Freedom Our lowest cost will switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16128 gigabyte $829.99 Eligible trade in iPhone 11 Pro for well qualified credits end and balance due. If you pay off earlier, cancel contact.
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T Mobile Just sitting around and they made a very insignificant purchase considering the reserves they allegedly had. Next up, Empiry Digital. I've never heard of this one. They currently hold just above 4,000 bitcoin. 4,019 to be exact. Why wouldn't you hold 420 now? Not every corporate bitcoin buyer comes with a backstory of Gamestop. Many are unrelated to Crypto or blockchain. Micro Strategy was a business intelligence software firm before pioneering Bitcoin. Treasuries. Meta Planet started as a budget hotel operator before following the Strategy playbook. In 2024 its share prices have started surge over 6,000%. As you know, that's like the Japanese version of strategy. Vulcan and electric vehicle maker announced a 500 million bitcoin treasury strategy July 17. Two weeks later it rebranded as Empiry Digital and adopted the ticker EMPD on the NASDAQ. Now also we have Sequan's Communications holding 3170 Bitcoin. It's a French semiconductor firm that listed on the NYSE in 2011 under the ticker Q or sorry, sqns and has a trading history that resembles a lackluster crypto token. You can see their stock price here as well. Sequan's communication since the public debut, I mean, doesn't look so good right there. Then we have Van Eddie coffee. They hold 100 bitcoin. Let me know if you ever heard of them. It's a Spanish cafe chain. Push into the strategy by digital distress or financial distress. And in 2024 the company reported 3.3 million euros which is almost 4 million USD in annual losses up from 2.8 million euros the year before. I mean you also have Mingxing group. They hold 833 Bitcoin, a Hong Kong based construction and engineering company listed on the NASDAQ November of 2024 and again currently 833 Bitcoin. After debuting on the NASDAQ their stock was $5.59. And its Bitcoin strategy drove shares to an all time high, climbing to $8.50. Then the stock dumped to A$85. So not all of these stocks are obviously created the same. And just because they're adopting bitcoin there's no guarantee obviously they're going to be the next strategy B. In fact I dare say there's only one strategy B and there's only one bitcoin. There's only one Fed chair Nipinator. Another company, K Wave Media, they currently hold 88 bitcoin. It's stock a South Korean company and you can see their stock performance announcing the bitcoin filing. Initial pump and then a dump. You also have early success cases amongst bitcoin treasury companies. It does happen. For example, you got Kindly MD merging with Nakamoto holdings and the man behind that is David Bailey, Trump's Bitcoin advisor and the CEO of Bitcoin magazine. They did quite well. Also, we can't forget Jack Mer's company as well. They just launched the bitcoin treasury play with the backings of Tether and Howard Fitzgerald making like 43,000 initial Bitcoin acquisition. So I mean you know the name of the game, it's stack the Bitcoin because it is the scarcest, hardest asset to ever exist in human history. And of course you can't short your dork. You can't afford that. We're going to continue with our next story and entertain this quarter million dollar target as per Charles Hoskinson, the Cardano guy. That's right. He says one big driver can push the bitty to 250,000 by the end of the bull market. So the next question becomes when will be the end of the bull market? It's going up forever Laura. But anyways, in a brand new interview, Hoskinson says he thinks bitcoin will hit 250,000 before the end of the bull market. He also says decentralized finance will be the main catalyst for the potential 122 rally for the BTC. Quoting him here from the interview and the big driver is going to be the Bitcoin defy. The minute you can get yield and do stuff with your biddies, Bitcoin gets a yield. It is a very attractive instrument because of its limited downside relative to all these other experimental things and it has equivalent upside in many cases to other tokens. He also says that over the next half a decade, five years, Bitcoin's total market cap can more than quadruple from the current level to 10 trillion send it catalyzed by various financial products related to Bitcoin D5. Quoting them again, that's what's going to be the key driver of getting Bitcoin over $10 trillion because the structured financial products can offer yields there. They could be sliced and diced by Wall street to be very safe and scored and rated. And then people just by proportion start including it like they do in their gold individual retirement account IRAs and their 401ks. And we know we just unlocked that 20 a 12 and a half trillion dollar treasure box into the bitcoin send it and all those types of things. And also the rulemaking will let you do it. Now the minute that clarity has passed and all the rule making comes in, Bitcoin will be treated like any other financial asset for purposes of investment and taxes. And at that point you'll see a massive flow of money into it because it is a hard asset just like gold. Let me know if you agree or disagree with the Cardano founder. And what's your thoughts number one on the quarter million price target and number two, when do you think the cycle peak will be? Will it be this year like a typical four year cycle or will it be extended potentially next year 2026, potentially the following year 2027? Or will it go up every single year moving forward because the four year cycle is broken? Let me know your thoughts. I'll read those comments out loud. Next up, Dutch crypto firm amdax is targeting 1% of the entire bitcoin supply with a $23 million treasury launch. That's right, Dutch crypto service provider amdax. Let me know if you heard of them, they just raised 20 million euros, which is 23.3 million USD to launch their Bitcoin treasury company on Amsterdam's euro next stock exchange Amsterdam for the win. Love Amsterdam by the way. I've had a blast out there. According to the Friday announcement, multiple investors have committed about 23.3 million in an initial financing round for Amdax's Bitcoin treasury. This follows an announcement earlier in the month that it would launch the treasury as an independent privately held company with its own governance a BTS, which is being created to eventually accumulate at least 1% of all Bitcoin that will ever be created, which is roughly 210,000 BTC. Such an amount of Bitcoin is currently worth over 23 billion. Ambts intends to leverage the capital markets to increase its Bitcoin holdings and sequentially generate equity appreciation and grow Bitcoin per share for the shareholders subject to market and other conditions. And as you can see here, the entities holding BTC public companies it shows there's 178A total of 310 firms and they break it down. Government is 12 private companies 61 DeFi and smart contracts 11 exchange custodians 4 and ETFs and other funds 44 PORP of war now ever since strategy then still micro strategy demonstrated the viability of the approach. The Bitcoin treasury tactic has been gaining momentum amongst publicly traded companies and as I mentioned earlier we discussed, there's 92 new crypto ETFs awaiting to be approved right now. Now this trend has also led to multiple companies not focused solely on Bitcoin accumulation starting to acquire. Such firms include US Electric vehicle manufacturer Tesla, US Thermal and battery safety firm kr, Norwegian industrial investment firm Acre and Brazilian fintech company Melo. Latin America's leading E commerce Mercado Libre and Malta Base investment manager Samara. Also Thai Telcom Jasmine, US Coal producer Alliance, Canadian video sharing platform Rumble for the Win. Shout out to the rumble now. Companies focused on acquiring the Biddy, meanwhile, have continued to accumulate more let's map out this week's amazing destinations and travel tips.
- [26:11]
B
Honestly Will, I didn't plan any trips, but I did switch to T Mobile with their new Family Freedom offer.
- [26:19]
A
That's not the itinerary we're following.
- [26:21]
B
Well, I'm departing from AT and T and embarking on a new journey with T Mobile. They paid off my family's four phones up to $3200 and gave us four new phones on the house.
- [26:34]
A
Bon voyage.
- [26:36]
C
Introducing family freedom. Our lowest cost will switch our biggest family savings all on America's largest 5G network. Visit your local T Mobile location or learn more@t mobile.com FamilyFreedom up to $800 per line via virtual prepaid card typically takes 15 days. Free phones via 24 monthly bill credits with finance agreement eg Apple iPhone 16128 gigabyte $829.99 Eligible trade in eg IPH well qualified credits end and balance due if you pay off early or cancel.
- [27:01]
A
Contact T Mobile Stacking the BTC like it's Dragon Ball Z this also decreases the amount of Bitcoin in circulation and you can currently see 3.68 million bitcoin is currently held in Treasuries and here's the breakdown of the piece of the pie according to the Bitcoin Treasuries Net. Also earlier in the week Japanese Bitcoin Treasury Meta Planet approved the plan to raise another 880 million which we did cover here on the POD through the overseas share issuance with nearly 835 million allocated for the biddy purchases. Also this week, French semiconductor company Sequins, which I believe it was on yesterday's episode, we discussed this file for 200 million at the market equity offering on Monday to fuel the Bitcoin treasury strategy. Earlier in the month, Mr. Sailor, co founder of Strategy, signaled impending Bitcoin acquisition that would constitute the company's third one in August. Strategy is currently the world's largest bitcoin treasury holding 632, 457 of the BTC, worth just shy of 70 billion at this time, equivalent to over 3% of all the bitcoin that will ever be mined. Mr. Sailor ain't playing no games, is he? But anyways, another one stacking the Bitcoin with a very very powerful goal of acquiring 1% of the supply. Let's just say only so many companies in the world are going to be able to say we have 1% of the total Bitcoin supply. And it's only going to get that much more difficult as each year passes and as the price continues going up forever lower. But you guys already know. All right, now for our feature story of the day. Bitcoin hit 1.3 million per coin by 2035 as the institutional drive and demand continues pumping the BTC and this is according to Bitwise. So let's break this baby down. Crypto asset management company Bitwise released new projections for Bitcoin forecasting a price target of 1.3 million by 2035. My initial response why so bearish? Driven by the institutional demand and the bitcoin limited supply you guys already know, 21 million hard capped. The report was published as part of Bitwise's long term capital market assumptions for bitcoin, projecting a 28.3% compound annual growth rate over the next decade. And again, you know, that's very easy. What if we doubled that, tripled that, quadruple that, you know, significantly outpacing traditional assets like equities at 6.2%, bonds at 4% and gold at 3.8%. And while Bitwise's base case projects 1.3 million by 2035, the company provides multiple scenarios, just like Kathy Wood of Arc Invest. There's the bull case where bitcoin could reach 2.97 million. Now you're speaking my language. That's what a 39.4% CAGR while the bearish scenario suggests potential downside to 88, 000. That's just absolutely insanity. If you're to ask me, that's what a 2% CAGR not happening. The wide range reflects the inherent volatility still expected in the bitcoin markets despite increasing institutional participation. Or is what I coin the institutional FOMO like a mofo? But here's the breakdown. Bitwise's Bitcoin valuation framework. It shows you the institutional investment assets, the emerging market currencies, the store value gold and bitcoin, the offshore wealth, the national treasury, the U S Corporate treasury, the global remittances, etc now the bit wise chief investment officer Matt Hoogan alongside analysts Ryan Ramusan and Josh Carlisle and Malika Kolar and Andre Dragosh. The strategist Juan Leon reveals that the Bitcoin is no longer a retail driven market with institutional flows now dominating the price action. That's right, we got Wall street in the picture now. The banks, all them blackrock, the lizard folk, you name it. Recently reported coin telegraph 75 of the Bitcoin trading volume on Coinbase comes from the institutional investors, a level historically associated with major price movements. This level of participation has reached an intensity that demand currently exceeds daily mining production by up to six times, creating a significant supply demand imbalance. The change in dynamics is also evident in the recent market developments. Corporate bitcoin adoption has accelerated dramatically with 35 publicly traded companies holding at least 1,000 of the BTC, up from 24 companies at the end of quarter one this year. Total corporate Bitcoin purchases increased 35% quarter over quarter. And in Q2, 202025 rising from 99, 857 of the BTC to 134456 bitties. Now strategy continues, leading the corporate accumulation, signaling the fourth monthly Bitcoin purchase on Monday, bringing the total holdings to a staggering 900. I'm sorry. 632 457. Larry Fink was like, what the JV? They did not surpass us. Chill out Larry, and go home. Get your shine box, please. Now the company represents over 53 unrealized gains on the Bitcoin investment, tolling 25 billion in unrealized profits. Meanwhile, with 94.8 of the total bitcoin supply already in circulation, an annual issuance dropping to 0.2% by 2032, two halvings away from 0.8%. Bitwise outlines that the new bitcoin production cannot meet the rising institutional demand. Unlike traditional commodities, the bitcoin supply cannot be increased regardless of the price appreciation. That's like. That's true. They can always find more gold. Just invest into resources to mine more gold. And so you can clearly say gold. Yeah, relative scarcity, Bitcoin, genuine scarcity. And that's why it's so different. And we've never seen anything quite like it in the history of mankind. We've never had a form of money or a commodity with a finite limited supply. They manipulate the diamond supply, they always find more. They manipulate the oil supply, pretending it comes from dinosaurs, labeling it fossil fuels when it's like the blood of Gaia, you know, Mother Earth. They're always going to be more gold. Silver, there's always going to be more platinum, There always be more Titan, there's always going to be more bitcoin. No hard cat, baby. Now Bitwise emphasizes the inelastic state supply of the biddy combined with continued demand growth, the single most important driver of our long term assumptions. The scarcity compounded by approximately 70% of the Bitcoin supply remaining unmoved for at least one year. Indicating my diamond hands hoddle and strong and my diamond balls like the Nip Anator. Rising concerns of the fiat currency debasement provide additional support for the B adoption. US federal debt increased 13 trillion over five years. So yeah, Bitcoin is the old term. Ultimate hedge against fiat corrupt lizard folks printing the money. With annual interest payments reaching 952 billion, the fourth largest federal budget item, the interest rates exceed expected GDP growth pressure of traditional currencies continue to intensify and will soon be at freaking 40 trillion in debt. With the new proposal for the Genius Stablecoin Bill act which did get signed and that's just a sign of the times the stars are aligned, you feel me? But anyways, welcome to the Q A segment of the live stream. Let me know your thoughts on the bitwise projection. Again would we say 1.3 million by 2035? However that was not the bull case, that was the base case. They had a bear scenario of 88, 000 which we can throw out the window. Again 1.3 base like 3.8 right in alignment really with Kathy Wood of Arc invest ultimately saying 3.8 by 2030. So hence Kathy is more bullish than the bit wise. But I want to know your thoughts. Let me know and I'll read those comments out loud. 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 SA.