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2124: It’s Happening: Bitcoin Floodgates Opening to $1,000,000
00:33:47
Forbes says the Bitcoin floodgates are opening - and the path to $1,000,000 per coin is now in motion. Traders are already eyeing an explosive breakout toward $145K as bulls push BTC toward $120K, setting the stage for a new all-time high....
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Transcript38 lines
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A
Morning Zoe. Got donuts.
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B
Jeff Bridges why are you still living above our garage?
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A
Well I dig the mattress and I want to be in a T mobile commercial like you teach me.
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B
So Dana oh no, I'm not really prepared. I couldn't possibly at T Mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate pro camera system.
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C
Wow.
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A
Impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best network.
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C
Nice.
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B
Je free.
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C
You heard them.
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A
T Mobile is the best place to.
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C
Get the new iPhone 17 Pro on us with eligible traded in any condition.
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A
So what are we having for lunch?
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B
Dude, my work here is done.
- [00:44]
D
The 24 month bill credit on experience beyond for well qualified customers plus tax and $35 device connection charge credit send and balance due if you pay off earlier Cancel Finance Agreement. IPhone 17 Pro 256 gigs 1099.99 A new line minimum 100 plus a month plan with auto pay plus taxes and fees required Best mobile network in the US based on analysis by Oklahoma Speed Test Intelligence Data 182025 Visit T mobile.com.
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Bitcoins are ripping Happy October. In today's show we'll be breaking down the latest technical analysis. You can see Bitcoin up another 4,000 on the day. It just reclaimed 121,000 and it's a beautiful thing. We'll also be discussing the Latest targets including 145,000 now in play as the next explosive move in target. We'll also be discussing sailor strategy keeps buying bitcoin the long term beta explained as well as UK ways of China fraud scheme victims get current value of the seized 61000 Bitcoin valid at over $6.4 billion. Also big news today Sweden eyes enter into bitcoin digital arms race as bitcoin game theory continues all around the world. Also it's happening so fast the bitcoin floodgates are opening predicting sending the price to 1 million per coin and this is a mainstream article by Forbes. 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 smash the likes give us a follow hit that repost over on X bitcoins ripping up another 3,500 on the day we reclaimed 121,000. October has not been disappointing to say the least. We're already up roughly 10% historically October's take us 30 to 40 gains which means we could potentially see between 140 and 150, 000 per coin this month of October. Now, historically, the fourth quarter, which includes October, November, December, we climbed 70 to 80%. Now, if we're to rhyme with seasons of the past, bitcoin can realistically go above 200,000 still before the end of the year. This is the most exc time in the market, so let's embrace it. Happy 420 fam. Let's kick it off with our market watch as we do each and every day. Today, the bitcoin market cap climbed above $2.4 trillion, which is pretty lit just to provide some perspective. And number two position is Ethereum with $542 billion. Hence there is no second best. And as of today, October 2, 2025, the entire crypto market cap is soaring as well. Currently $4.15 trillion. And we have over 203 billion worth of volume in the past 24 hours, which is up roughly 5% on the day. Bitcoin dominance is hanging on to 58. Ether dominance also took a forward position today, currently at 13.1%. Checking out top 100 crypto gainers past 24 hours, we got EI up 25%, followed by Dexi, up 20%, followed by SPX, up almost 17%. And there are massive gainers across the board, which you can see which alts, if any, are you bullish on. For the bull. Holl at you, boy. Checking out the crypto greed and fear index. We're finally back in greed after being stuck in neutral in fear for several weeks. Today it's officially a 64. Yesterday was a 49 neutral, last week a 44 fear, and last month a 49, which is neutral. So there you have it, yo. And currently you can receive roughly 825sats per dollar. That number is going to continue to go lower and lower as the bitcoin price action continues to rip. And yeah, Mike Aerosmith said, get a grip. All right, Brosis, now for our ta, AKA Astrology for the Brosis. Now, this is going to be exciting because we'd had a hell of a past couple of days. Bitcoin ripping like a new Scotty Pippen again. We reclaim 121 a little earlier today, and October is just getting started. So here's the latest and then I'll pull up the live charts as we always do. Bitcoin rallied above 120 for the first time since August 13th. As onchain data suggests, the market may be entering an accumulation phase about time. According to Glass Note the short term hotter realized price ratio has been steadily compressing since May reflecting a cooling of speculative excess. Historically elevated RVT levels coincided with overheated markets while contractions towards the full market detox zone indicated the short term traders are capturing fewer profits relative to the overall network activity. If sustained, this trend could lay the groundwork for renewed accumulation as investors position for clearer market direction. And on the supply side, the balance between the long term hudders and institutional inflows remain critical. After months of consistent distribution, data shows the long term Hodlers net position change metric has now shifted towards neutral territory. This suggests that the heavy bout of profit taking that capped recent rallies may be tapering off, potentially leaving the ETFs and new inflows as the dominant drivers of the near term momentum. Now if this cooling supply dynamic does hold, Bitcoin could be forming a structural base in the 115, 120 zone and we are just above it at the time of this live. Just FYI similar to the consolidation phase observed in March and April when the neutralized long term hudder flows proceeded a sharp upwards continuation with the long term hudder distribution waning and short term excess unwinding, analysis suggests the market may be preparing for decisive breakout attempt with 120 emerging as the key threshold to watch Silver lining We just broke through the line in the sand. We're currently above 120 and we're literally $4,000 away approximately from price discovery mode which is roughly another 3% gain which can happen just like that. And while the long term supply dynamics appear to be cooling, short term investor behavior also flashed important signals according to crypto quant suggesting the short term huddlers recently undergone a period of stress with the SOPR dipping as low as 0.992 through September, marking a phase where speculative wallets consistently realize the losses often assign a weak hands exiting the market. And if you don't know now you know. And next up as I promised we're going to pull up some of the live charts and this is going to be pretty lit. I love when the charts are this bullish and you can just see everything, you know doing its thing. But you're looking at the one hour chart via trading view via Coinbase. We did top out today at currently 121.3 or I should say 121 one more accurately on Coinbase particularly. And then you can see the red candle the past 24 hour little corrective candle after hitting the top. But my suggestion is I think we're going to continue to test and heading towards price discovery. You can see the price action of the candles printed well above all of the moving averages you see on the screen the orange, the purple and, and the blue line. No particular targets though on the one hour. So let's stretch it out to the four hour. And here we can see targets starting with this bull target in the red, which is a falling wedge sitting at 123, roughly a couple of thousand from where we already hit here today. There's also a bear target we're not going to entertain because we are in October after all. And you can see all the bullish momentum of the green candles of the past 48 hours. Pretty lit to say the least. Checking out the daily, I'm gonna say there's probably gonna be 140 something thousand target. Yep, 146 in play on the daily chart. It's a bullish flag. And check this out. We have now 1, 2, 3, 4 out of the 5 most recent daily candles. 4 of the 5 are not only green, but impressively green. Pretty substantial candles such as yesterday we had a big pump up and today another pump up. Back to back, baby. So yeah, 146 in play. I say we realistically hit this target in the month of October because historically October goes up like 30 to 40%. And when you're sitting at 120, 000, you know, it doesn't take much to move the needle and hit these new targets. So I'm pretty excited about that. Let me know your thoughts. And checking out the weekly. As we approach closer towards the weekly close here, in three days you can see a big green candle. We're going to get a very bullish weekly close to kick off the first week of October. Another bullish sign. You're also going to notice there is a rising wedge and there is a bear target which we're not going to entertain. And taking it one step further back, we'll check out the monthly and as you can see here, the month of October. Even though only two days deep, the candle's already bigger than the entire green candle from last month of September, which is historically a bearish month. But we did close modestly in the green. August, obviously we closed in the red and, and then the two or three months, four months prior to that, we had bullish momentum. So there you have it, you guys. Let me know your thoughts where you feel the pretty little bitty likely take us for this incredible October month. But I guess we'll dive right into our next. It's kind of like more TA here because we're going to entertain that 145 target I touched upon. Headline here reads Bitcoin's next explosive move targets 145,000 according to the latest analysis. So let's just get right into it, shall we? As you know, the current all time high achieved earlier in August is124.5, which is the current firmament in Bitcoin that was achieved August 14th. Since then we did correct all the way down to 108 a few days ago. And ironic enough, we're right back at 121. I always express there's going to be extreme volatility, especially the year preceding the having in which we're in. And that's precisely what we're witnessing. But that doesn't stop the D gens with their, you know, derivative trading and their longs, whether they're short or long. But trading with leverage in general is extremely risky. In fact there was just close to 400 million in short liquidations. Hence why we say you can't short your dork. We can't afford it. But anyways, Captain Fabic in his latest post pointed out that the midterm target is around 140. And that's right in alignment with the charts I just shared with you and I'm speculating we break 140 and in the month of October hitting new all time highs. But you guys got to let me know your thoughts. He says Bitcoin is closing strong with a clean breakout of the bull flag echoed by Gladiator, another analyst. This could get explosive and move fast. Thanks Captain Obvious. A confirmed breakout from the pennant could open the door for the next leg up. And again, 145, four in play. That's only a 22% increase from the current price level. Now let's just say we're up 10% in the past couple of days and historically October gives us 30 to 40% gains. That means we could hit 150 and makes it much more bullish because 22% from 120 is only 145. And historically we climb even more. And also we have unprecedented institutional FOMO never experienced in previous cycles. So theoretically we can climb much higher. So let me know your thoughts on that. As far as the 145 target we just outline now, Bitcoin's MVRV extreme deviation pricing band suggests after bitcoin broke the 117 level, it could expand further beyond the unrealized profit held by investors reaching extreme level or the uppermost of the MVRV band which is 1393 is outlined here in the chart. It's all color coded for you right there. Brought to you by Glass Node Shout out Glass Node analytics and with the bulk of Bitcoin's apparent sell side liquidity absorbed during the move to 119.5 analysts do well warn a brief flush down to test 117 as support could be the next move. Also I I'll dare say there is still a CME futures gap at 111 but there is no guarantee we're going to retrace that low and close it. Bitcoin does what Bitcoin wants to do and you got to accept it. I'm just saying. But you guys let me know your thoughts. With that target again 145 in play, there's really not a lot of resistance in between from here to there. The last line in the sand is really the current firmament which is 124 achieved in August. So do you think personally that we can hit 150 this month of October? I'm optimistic, but let me know your thoughts next. Story of the Day Broski's headline reads why Sailor Strategy Keeps Buying Bitcoin here's the long term bet better explained especially for those of you confused how he's able to just print infinite money with the infinite money glitch to just buy more Bitcoin forever. Yeah, so yeah, check it. Since August of 2020, Sailors Company formerly known as Microstrategy, now known as Strategy, has become the largest public holder of Bitcoin. They now have 640000 Bitcoin accumulated within that five year span validate more than 73 billion. The average person per purchased price sits in the tens of thousands, leaving the firm with a sizable unrealized gain at today's level. For Sailor, Bitcoin is both a hedge against inflation and a reserve asset that cannot be debased. A way to position the company ahead of the institutional flows he believes are still to come. His thesis is captivating to say the least. If Wall street allocate just 10% of its assets into Bitcoin, the bitcoin price would climb towards 1 million per coin. I say easy peasy. Also, Bitcoin is an optimal, optimal treasury asset. Since 2020, strategy turned excess cash, debt, financing and equity raises into a steady pipeline for bitcoin purchases. Today again, the company holds roughly 3% of the total Bitcoin supply with 640000 Bitcoin purchased at roughly 74000 per BTC. To build that position strategy tapped a mix of financial tools. Zero to low coupon convertible notes, prefer shares at the market, stock offering and other instruments designed to raise capital while limiting shareholder dilution. Volatility isn't treated as a risk to be avoided, but as an opportunity. And that's a great perspective. It's exactly what it is. He has also referenced that volatility is life force and the force is strong. Ask Master Yoda. Especially with bitcoin. The road to 1 million sailors Bitcoin Las Vegas projection. Let's dive a little deeper. And of course stay tuned because even Forbes, the mainstream, you know, news source, is now predicting a million dollars per coin inevitable as well. Yesterday we shared Telegram founder suggesting a million is inevitable. We have shared numerous times people like Samson Mao, Adam Back, Max Kaiser, Stacy Herbert, Arthur Hayes, just blaze. All coinciding with million plus bitty price action as well. Now when the math begins at the institutional capital we got pension funds, insurers, mutual funds, asset managers together controlling more than 100 trillion worth of wealth. So even if only 10 of that pool, which is 10 to 12 trillion, which is less than the gold market cap, that's like half of what it is now because gold just hit a new all time high, roughly 3, 900 per ounce the other day. So the price impact would be obviously extraordinary to say the least. Spread across the fixed supply 21 million coins. That demand alone would imply a valuation of near 575,000 per. Pretty low bitty going up forever, Laura. But Sailor argues the effect of supply is far smaller and I believe it's even smaller than he expects because he's saying 2 to 3.7 million are believed to be permanently lost. I dare say 5 to 6 million are more than likely stagnated or permanently lost. And that may include Satoshi's original 1.1 million spread across various wallets, as you know. And how many people lost? Let's say 10, 000 Bitcoin.
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A
Morning, Zoe. Got donuts.
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B
Jeff Bridges, why are you still living above our garage?
- [17:05]
A
Well, I dig the mattress and I want to be in a T Mobile commercial like you teach me. So. Dana.
- [17:12]
B
Oh no, I'm not really prepared. I couldn't possibly at T Mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate pro camera system.
- [17:23]
A
Wow, impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best network.
- [17:31]
C
Nice.
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B
Jeffrey.
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C
You heard them. T Mobile is the best place to get the new iPhone 17 Pro on us with eligible traded in any condition.
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A
So what are we having for launch?
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B
Dude, my work here is done.
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D
The 24 month bill credit is on experience beyond for well qualified customers plus tax and 35 device connection charge. Credit send and balance due if you pay off earlier. Cancel Finance Agreement. IPhone 17 Pro 256 gigs $1,099.99 and new line minimum 100 plus a month plan without a PayPal. Taxes and fees required. Best mobile network in the US based on analysis by Ooklab Speed Test Intelligence data 1H 2025 Visit t mobile.com in.
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C
An accident or threw it in the trash or allegedly had it on an old computer. You know the stories from the folks of Alex, Jo and the likes. But I digress. On top of the 72% of the circulating Bitcoin, now considered a liquid held by the long term huddlers and entities with little history of selling together these dynamics leave only a fraction of Bitcoin truly available. And it's at the end of the day simple supply, demand, stock to flow. When you have massive unprecedented demand from the institutions and governments around the world and you have a very limited supply, it leads to the mother of all supply shocks, does it not, Greg? And when you recalculate based on the liquid supply of 1618 million, which is more realistic, the same 1012 million allocation will send the preload bitty ripping to 555,000 to 750,000 per coin. And what if the institutional Wall Street FOMO is more than 10%? Then all of a sudden we can speculate multiple million dollar predictions such as Max Kaiser's 2.2 million BTC in play. And there's the man of the hour right there, the Gigachad Mikey Sailor. He keeps them, keeping them nipping. How strategy finances as bitcoin purchases. I want to get too deep on this. But long story short, preferred stock offerings, they print money out of thin air. And that's why on Forbes magazine they introduce Sailor as the Bitcoin alchemist. I couldn't agree more. He's obviously got the playbook, he's figured it out. Now you have the likes of Meta Planet, now the fourth largest bitcoin holder in the world, following the Sailor Put, which is the Sailor Playbook. And it's considered Meta Planet, the Japanese version of strategy. Konichiwa, you know, I mean, but it's pretty wild. And he's not slowing down. So if he already has, not him by the way, but his company already has 640000 Bitcoin. That's more than triple the amount of bitcoin the United States government holds, allegedly. So that's game theory in full effect. Also shout out to Max Kaiser. Let me find the post so I don't misquote him but I know Max and Stacy and the El Salvador crew are at the White House today. Orange pilling Trump and his team. I'm gonna pull up the actual post. Here we go. Max Kaiser on X and shout out Max the high priest. Here's what he wrote. Super exciting. Team Trump got briefed on bitcoin country El Salvador global impact. I made up the point emphatically to everyone's annoyance. The U. S needs to stop procrastinating and start buying bitcoin or lose the global hash war. We'll be back at the end of October for follow ups and a Max and Stacy show at the new D.C. pub key. And then he tagged Chris, the CEO of Rumble. So shout out Max and Stacy doing God's work. Orange pill in the President and the White House. I mean I love to hear that. To everyone's annoyance. You got to respect it because Max and Stacy been preaching about bitcoin via the Kaiser report since it was $0.23 back in December of 2020. I have the proof of work to prove it. I'll share the audio later if I forget. Remind me next story of the day. UK ways if China fraud scheme victims get the current value of the C61000 Bitcoin and we touched upon this yesterday, remember I shared with you that Chinese citizen that got busted and we shared the mug shot. Well, we're going to dive a little deeper here. United Kingdom officials are weighing whether to retain billions of dollars in gains from seized bitcoin tied to the massive fraud case rather than distributing the full current value to the victims. Sounds about right. What the government would do just, you know, keep it to themselves versus distribute it back to those they stole from. Sounds about right. According to the Thursday Financial Times report, the UK high court may decide to reimburse only the original value of the investments. That's up about 640 mil. So my understanding. And why do the governments do this? Instead of giving the victims back, like for example their bitcoin which appreciates, they give back the US dollar amount at the time of the theft. And this is how up the lizard folks are. I mean this is despite seizing 61000 Bitcoin being worth now 7.24 billion resulting in an excess of 6.4 billion. So who keeps the excess 6.4 billion? The lizard people. I digress. The Bitcoin was seized in 2018 in north London from scammers who defrauded 128 in China. Some treasury officials have privately debated whether the windfall could help offset a budget deficit of up to 30 billion pounds which is over 40 billion USD monopoly dollars under existing rules. Asset seized under the proceeds for the crime acts are usually paid into the Home Office or the Treasury Consolidated Fund with court ordered compensation when required. The FT also reported the other government officials have urged caution since such a decision may lead to a complex legal battle over the bitcoin proceeds that can drag on for years. We've seen it before. Think of all like Mount Gox, Bitfinex, these hacks. You know I still don't think the victims got their money back yo and it's been over a decade. The treasury has been instructed not to use the funds in its calculations. Well trust no government, especially from the uk. Just saying. The assets in question were seized from the Chinese national Chian and we covered this yesterday and Malaysia and associated assistant Sang Hawk Ling who pled guilty. Earlier in the week the local police force announced it had made what is believed to be the single largest crypto seizure in the entire world. The seizure followed a seven year investigation by the London Metropolitan Police's economic crime team into the international money laundering. Chien pleaded guilty and to acquiring possessing criminal property in which crypto is you know classified as especially Bitcoin. While Ling pleaded guilty to transferring criminal property between 2014 and 2017 she and led a large scale fraud scheme in China siphoning assets from over 128000 victims. These assets were later stored as bitcoin when she fled China using false documents and entered the United Kingdom. And lo and behold she got busted in the UK after she started purchasing up millions of dollars in luxury properties. And then they probably started researching where the this lady get all this money from and then probably connected it back to the crypto and you know China and all the scams and remember everything you do on the blockchain can be traced back. So these criminals are idiots is what I'm trying to say. Earlier in the month Canadian police seized 40 million in crypto from Trade org or Augur the exchange supports have criticized heavy handed due to the lack of new year customer funds. And then in mid August US Department of Justice authorized seizure of more than 2.8 million in crypto, along with cash and other assets. And I guess governments are always going to continue to seize bitcoin and cryptocurrency because if they can pay back the victims the money it was worth at the time of the hack and just hold on to it for 10 years and let it appreciate, they're damn near doing the money glitch, the infinite money glitch, printing money out of thin air. What happens to the excess 6.4 billion? They just steal it? Pretty up. I think all the victims should get the original assets in which they had stored on the exchange. And that's another reason. Not your keys, not your coins, and not to use centralized exchanges as your way of storing crypto. Long term, you should only use a centralized exchange if you're actively trading. And that's one of the reasons why. What if the exchange gets hacked and then they're like, okay, we're going to give you the fiat equivalent from that date and meanwhile, 10 years later, that bitcoin that was stolen is now worth 10,000 times more and you'll never see those gains. You lost. You snooze, you lose. You got to jump in to swim. Light was dim in this life of sin Every day I wake up and breathe I don't have it all but that's all right with me. Little Mac Miller bars for you. Next story, bruh. Sweden eyes entering the bitcoin digital arms race as a global hash war continues. Shout out to Sweden. Two members of Sweden's parliament, the Ricks Dag, had proposed that the country investigate establishing a strategic Bitcoin reserve to tackle inflation and diversify its holdings. They also want the government to promise it won't change legislation governing the monetary policy of Sweden Central bank to show it done intend to introduce digital central bank currency. Should just say CBDC central bank digital currency same thing in their proposal the Rick's Dag On Wednesday, the Swedish Democrats Dennis and David said given the other countries like the US are already in the process of creating a reserve, Sweden should participate in this digital arms race and join the growing group of nations that have accepted and recognized the potential of bitcoin. Similar to the us they have floated the idea of funding the reserve through seized Bitcoin, but said the decision on which authority will manage the Bitcoin is an open question. For now, Sweden doesn't have any publicly listed bitcoin holdings, according to Bitbo. However, November of 2024, the country introduced a law allowing authorities to confiscate luxury items including crypto Even if they aren't the target of an investigation. And here's a post from January 3rd right here. Sweden's parliament acts on Bitcoin after January 3rd presentation Shout out Samson Mao of the Swedish parliament's MPS Dennis and David submitted a motion establishing a strategic Bitcoin reserve and crucially to formally declare that Sweden will not introduce a central bank digital currency. So again, mad shout out to Jan3 Samson Mao on that Advocates for the Bitcoin strategic reserve speculated that the nation state level treasuries are the next step to making Bitcoin the global reserve currency and the Standard Monetary Unit. The right leaning Swedish Democrats received the second largest number of votes in the 2022 general election with more than 20% and are a key player in backing the current ruling coalition of the Moderate Party, Liberals and Christian Democrats, given them some influence over the minority government. Now these two guys in their Bitcoin proposal said that in building a strategic reserve for bitcoin sweeting, Sweden is positioning itself for a potentially disruptive shift in global financial infrastructure. And this outlines some of the what they're proposing in a bill. They argue that the Bitcoin reserve alongside Sweden's currency and gold reserves, which are tied to political, geopolitical and economic risk, would act as a protection against any unrest around the world that would otherwise affect standard reserves, quoting them here. In contrast, Bitcoin's value is not driven by the monetary policies of individual states or any specific economy, which can reduce the overall correlation in the reserve. At the same time, they also note that owning Bitcoin signals that a nation is open to digital innovation. Company Debase platform tracks enlist 85 companies currently operating in the Swedish crypto sector, which includes 20 which have collectively raised 48 million in venture capital and private funding. And those companies are outlined right here. Of the top five crypto companies operating, you can see one of them was actually formed back in 2013, so they're actually early OGs. On the practical level, they argued that the reserve would act as a protection against inflation Due to its 21 million supply cap, Transaction speeds being faster than those of Fiat and the coins cost being nedge negligible in comparison. Now Bitcoin is currently the world's sixth largest asset. No, it's actually now the fourth largest asset. It just overtook Amazon. I saw that in the news just the other day, so that's pretty late. Despite this, Bitcoin is only at the beginning of its journey and remains to be seen exactly what role Bitcoin will play in the economy and Also, the fact that they're doubling down on no CBDC in Sweden is a great sign because we all know central bank digital currencies is the currency of choice by our controllers, our overlords and the lizard folk. Now for our feature story of the day. Bruh. It's happening so fast. This is a mainstream Forbes headline and story. Bitcoin floodgates are opening predicting sending the bitcoin price to $1 million per coin. That's right. So bitcoin climbing as US and bitcoin adoption is predicted to trigger a global panic. And that's what it says here. The bitcoin price added 10% in a week practically in the past couple of days, soaring along with the gold price which also just hit a new all time high of roughly $3,900 per ounce as Wall street giant issues a game changing Federal Reserve prediction now as traders brace for the 2026 bitcoin price earthquake. US President Trump's son Eric has said he expects bitcoin price to go up to a million per coin as crypto replaced the established financial industry. Also want to give a shout out to Max and Stacy who is at the White House today. Orange pilling Trump and his team on bitcoin, which we touched upon a little earlier in the show. Leave it up to the high priest to get the job done because every bitcoin not stacked is an opportunity lost for the United States, especially considering there's a strategic bitcoin reserve executive order. So we got to start buying it. I mean sailor, for Christ's sake. His company strategy has more than three times the bitcoin allegedly held by the United States government. You know, I mean, so let's get on it now. There is no doubt in my mind crypto is going to replace traditional finance and it's happening so fast, said Eric Trump to Fox Business, quoting him again. Cryptocurrency is literally outpacing the growth of the Internet in the 90s. And I have never been able to see something so clearly in my life. The writing is on the wall now. The Trump family have embraced bitcoin and crypto clearly over the last year, with Trump declaring himself the first crypto president following through on campaign promises to pass crypto friendly legislation and creating the national US Bitcoin Strategic Reserve which was done earlier in the year, giving a green light for the US to start buying some bitcoin now. Meanwhile, the Trump family led by Eric and Don Jr spearheaded the decentralized finance project World Liberty Financial WLFI creating in response to the Trump family's claims of being debanked following the 2020 US presidential election, as well as the American Bitcoin mining company. The floodgates are opening, eric Trump said, pointing to Wall street giants including Fidelity and Charles Schwab that have embraced bitcoin and crypto. And let's not forget the biggest BlackRock, which now has roughly 800,000bitcoin in practically a year and a half since the ETS went live on January 2024. And even Vanguard, their partner in crime, estimated to be 10 trillion in assets under management, are now actually embracing bitcoin for their clients after fighting it for so many years. And you already know BlackRock and Vanguard are the primary shareholders in almost every company and they ask s P500 including strategy. So just saying, we are on the 1 yard line of crypto and we've got another whole field to run as explosive as it's been. And Emmett Smith is our running back in his prime. I have to throw that in there. I have never been more bullish on anything in my life. If that's not bullishness from the Trump family, I don't know what is. Trump supported Bitcoin and crypto comes as Wall street opens up its doors to the tech with a raft of Bitcoin and ETFs exploding onto the market, which I referenced earlier, all went live January 11, 2024. It's only been a year and a half. At the same time, financial establishment is exploring tokenization of assets, including real world assets. Bitcoin and crypto prices have topped a combined 4 trillion. Historically, October's bullish momentum has been driven by seasonal options, optimism and whale accumulation. However, this year feels a little different according to Dom Hars, co founder of the Bitcoin Defy Network. He said it in emailing comments that usually bullish month of October in which the stage is set for potentially a transformative month. I'll double down on what I mentioned earlier. Typically the month of October, especially the year preceding the having like we're in now considering we had a bitcoin having in April 2024 on the 19th. So typically we see 30 to 40 gains just in this month we already have 10 gains we're only two days in. So if we fulfill that we're looking at the 140 to 150 price range. Now historically Q4 itself is like a 70 to 80 price gain between October, November and December. So if history is to repeat, we're going to be above 200000 still before the end of the year. And that means. Means we can still have a extended cycle flowing into 2026 hitting yet another top. Yeah, I mean before entering the bearish winter. But you guys, let me know your thoughts. I'll read your comments out loud. Do you think bitcoin will realistically hit a million? And if so, by what year? Do let me know. And 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 and A. And I look forward to seeing you on tomorrow's episode. Hoddle.
- [35:47]
A
Morning Zoe Got donuts.
- [35:49]
B
Jeff Bridges why are you still living above our garage?
- [35:52]
A
Well, I dig the mattress and I want to be in a T Mobile commercial like you.
- [35:57]
B
Teach me so Dana oh no, I'm not really prepared. I couldn't possibly at t mobile get the new iPhone 17 Pro on them. It's designed to be the most powerful iPhone yet and has the ultimate pro camera system.
- [36:10]
A
Wow, impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best network.
- [36:18]
C
Nice.
- [36:18]
B
Jeffrey, you heard them.
- [36:20]
C
T Mobile is the best place to get the new iPhone 7 Pro 17 Pro on us with eligible traded in any condition.
- [36:27]
A
So what are we having for lunch?
- [36:28]
B
Dude, my work here is done.
- [36:30]
D
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