← Bitcoin News Alerts | Daily BTC Macro Signal
Bitcoin News Alerts | Daily BTC Macro Signal
2145: Samson Mow: Bitcoin Surge to $1M THIS Year – BTC Supercycle Will Shame Gold
00:30:27
Samson Mow has ignited the Bitcoin world once again — predicting a $1,000,000 BTC surge THIS year, declaring the coming Supercycle will “shame gold.” “If people truly understood Bitcoin, it would already be trading at $10 million,” said Mow...
Loading summary
Transcript24 lines
- [00:00]
JV
Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. You chose to hit play on this podcast today. Smart Choice. Make another smart choice with Auto Quote Explorer to compare rates from multiple car insurance companies all at once. Try it@progressive.com Progressive Casualty Insurance Company and affiliates not available in all states or situations. Prices vary based on how you buy.
- [00:27]
Jeff
Morning Zoe. Got donuts.
- [00:29]
Dana
Jeff Bridges, why are you still living above our garage?
- [00:32]
Jeff
Well, I dig the mattress and I want to be in a T mobile commercial like you. Teach me.
- [00:37]
Dana
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.
- [00:50]
JV
Wow.
- [00:51]
Jeff
Impressive. Let me try. T Mobile is the best place to get iPhone 17 Pro because they've got the best network.
- [00:58]
Dana
Nice Jeff, you heard them.
- [00:59]
JV
T Mobile is the best place to get the new iPhone 17 Pro on us with eligible traded in any condition.
- [01:06]
Jeff
So what are we having for launch?
- [01:08]
Dana
Dude, my work here is done.
- [01:10]
T Mobile Ad Voice
24 monthly bill credits on experience beyond for well qualified customers + 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 and 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 Oaklove Speed Test Intelligence data 1H 2025 visit t mobile.com happy TGIF.
- [01:28]
JV
Welcome everyone to number one daily Bitcoin pond. Bitcoin just above 1105 up 5 hundo on the day I'll be breaking down the latest technical analysis. Also the latest from Jack Mers responding regarding Tucker Carlson saying he will not invest in Bitcoin cuz he believes the CIA created it. Also we'll be discussing the bulls Domin as bitcoin options open interest soar to 63 billion. Also JP Morgan reportedly plans to let clients borrow against their bitcoin and ether. Also there was no money laundering charges. CZ claps back at Senator Warren. We'll also be discussing Tesla rise the Bitcoin rally to 80 million worth of profit here in the third quarter. Also the latest from January 3rd Samson Ma he says Bitcoin's next run will shame Gold's latest rally still suggesting a million dollars in play before the end of the year. Bitcoin super cycle for the Bitcoin Super Saiyans Bitcoin Super Saiyans. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. But anyways, if you guys are new to the Rumble, important smash the likes, give us a follow. Hit that repost over on x. Today is pod number 2125. I'm your host, JV and my apologies that I was shorting myself 20 episodes. Today's episode 2145. Get it straight, JV in the Potter. But yeah, we're gonna have a great show. Bitcoin just started ripping when we went live. We're now up 800 on the day looking to reclaim 111. It's like deja vu. It's either Chandy 10 or JV 11 every day. Welcome to the bitcoin Twilight Zone. But anyways, let's kick this mofo off as we do each and every day. Pulling up coinmarketcap.com Total crypto market cap today coming in at $3.72 trillion. Bitcoin market cap back above $2.2 trillion. Checking out top 100 crypto gainers past 24 hours. MyX Finance up 20 on the day. Virtual up 20% and Pump Fun up 11%. Checking out the crypto bubbles. I like to use this just to get that visual on the market and Safe to say 80 to 90% of the market in the green, which is very nice considering how rough the past couple of weeks have been with all this tariff shenanigans going on. But checking out the weekly still looking pretty good compared to the other day for the week, so that's a good sign. It's getting better. Also for the month, unfortunately. Rec City across the board, across the alts, I dare say 90% of the market and checking out the annual perspective is pretty divided. I Damn near say 50 50. And checking out the Crypto Greed and Fear index, today we're a 30 in fear. Yesterday 27. And last week we bottomed at a 22 in extreme fear. We ain't been that low in quite some time. And last month was a 44 in fear. And if you don't know now, you know now. Never live in fear, never live in greed. You want to be in between. Neutral is the place to be. Just like on the stick shift, gotta be in the middle. But anyways, let's kick it off now with our market. I'm sorry, not the market watch, but the ta the astrology for the Broskis. Headline reads Bitcoin spikes to 112. That's right. We did hit 112 this morning on soft US CPI data as the S P 500 hits a record high. But before we dive into that, let's pull up some of the live charts and do some live chart action. Jackson Satisfaction, Bo Jackson, Tony Braxton Today dedicated to the Baddies. So as you can see on your screen, rising wedge on the one hour. We do have a blue bull target on the screen at 133. Current all time high is still 126. So that would be pretty nice. Reenter price discovery. There's also another bull target of 114.4 in the red and all this on the hourly chart. So it's looking pretty good. But of course naturally there's going to be a bear target you can see in the 84 to 88 range which I think is very low probability. So we're not going to entertain it. But checking out the four hour. And look at that. Just as there's a big bull target in the blue, there's a big bear target in the blue. Which way shall we go? The bull Target on the 4 hour is 134. 5. Again 134. 5. The bear scenario very similar to the daily. It's roughly 85, 000. Checking out the daily. Speaking of the daily chart, let's check it out here. Should be in the green. Yep. Today is in the green. Yesterday is in the green. The two days prior were red and prior to that we had three consecutive days in the green. So it's absolutely been a very choppy October here. We do have a bull target on the daily bull flag price discovery zone 146 4. That would take us roughly 20,000 above the current alltime high which is 1263. Literally a 20,000 above water. Above water below. Ash Chandy. She's well aware. And checking out the weekly you can see there's also a rising wedge. There's a bear target all the way in, you know Egypt 42 45. That's just insanity if you're to ask me. But we do have a green candle thus far for the week. We do get a close in a couple of days. Past couple of weeks unfortunately were big red candles after one of the most spectacular weeks and the highest weekly close we've ever seen. But that's to be expected when you reach new all time highs and enter price discovery. It's typically followed by some form of a correction. And checking out the monthly. Obviously October been disappointing. Choptober. We are above the moving averages. However we are in the red but barely. However, there's still a week left before the end of the day month, so we'll see how we play out. Let me know your thoughts where you feel the pretty little bitty likely take us next. And now let's dive into some more analysis paralysis. Bitcoin saw fresh volatility Friday as the US Inflation data sent stocks to new all time highs. Looky here. Trading View showed the price gains tap in 112 before the reversal of the Wall street open CPI came in below expectations, a key tailwind for crypto and risk assets. Probably why we corrected Both the CPI and core CPI were 0.1% below anticipated levels, circling 3% according to the official release from the US Bureau of Labor Statistics. The BLS. Now the CABISI letter said that the figure paves the path for another Fed rate cut next week. That's right and there's very strong probability we get the rate cut 25 basis points, which is ultimately a quarter percent. Quoting them here. This report was published as a rare exception during the the US Government shutdown as the S P surged to fresh record levels. The CME Group's Fed Watch tool tracks market odds of interest rate Moves by the Fed overwhelmingly favored a quarter percent reduction and that's October 29th. So five more days out I believe that's going to be on a Wednesday. That's pretty strong odds. And 97 financial conditions remain loose as a goose overall and are receiving another booster as the Federal Reserve is expected to cut the interest rates as its two remaining meetings this year. So collectively expect maybe another half a point to be shaved. And check this that should be supportive for the economy and corporate earning backdrop which is necessary to drive the rally into the next year. And you already know the extended cycle theory that we have an extended bull versus heading into a winter. Let me know your thoughts on that. Bitcoin still had to contend with the sell side pressure as the US Market open on the day traders remain on.
- [09:21]
MeUndies Ad Voice
Edge this holiday, Give the gift that says let's cancel plans and just lounge. Meundies has dropped a new holiday collection and it's made for maximum cozy. We're talking soft as snow, ultramodal fabric, festive prints and loungewear so comfy your couch might get jealous. Onesies, hoodies, joggers, even delightfully quirky holiday designs. You're welcome. Knock out all your holiday gifting needs with deals up to 60% off@meundies.com comfort enter promo code comfort that's meundies.com comfort.
- [09:50]
Propane Ad Voice
Code comfort the US electric grid is approaching a breaking point as demand soars from data centers and home energy use. Our aging infrastructure can't keep up. And the Department of Energy warns that without action, blackouts could surge 100 fold by 2030. The good news? One solution is already here. Propane. It's American made, stored on site and always ready, powering homes and businesses with cleaner, reliable energy that doesn't depend on the grid or the weather.
- [10:20]
JV
Learn more@probane.com with commentators exit pump warning that little support was in place below the spot price. Another trader, Diego, described exchange order book liquidity conditions as heavy as data from Coin Glass showed Right here. You're looking at the bitcoin liquidation heat map from Bance. And speaking of Bance, we know CZ got pardoned by the Trumpster. We covered that in yesterday's episode. Also, another analyst, Caleb Fried Franzen of the financial research resource Cubic analytics, flagged three exponential moving averages which are now essential to reclaim for Bitcoin as support quitting them here. Bitcoin's rebounding on the 200 day EMA so far, but now it needs to break and close above the 2155 which worked as resistance during the retest earlier in the week. And as a bonus, I want to share with you this from Jack Mers and all my bitcoin ballers. Remember we covered I think it was yesterday's pod. Tucker Carlson says he will not invest invest in Bitcoin because he believes the CIA created it. Here's a good take from Jack. If you think knowing who created bitcoin matters, you don't understand it. Bitcoin's open source. Nobody has special rights and everyone can verify that. It doesn't matter who created bitcoin. Bitcoin is neutral technology like printed math. Tucker Carlson and that's a great point right there by the baller Jack Mahlers and that got 900,000 views and 9,300 likes. And it's a great point. My personal thoughts, I read them to you yesterday. I just think he's fighting it. He's calling it the biggest scam because he works for the forces of evil. And I'm calling it straight up, Tucker Carlson is controlled opposition. And that's in my humble opinion. You don't got to agree with it, but that's what I believe. Simon Dixon this was a throwback and it's still, you know, what's the word relevant today? This was January 8, 2024, got almost 300,000 views. I I saw Max Kaiser reposted it so I reposted it again but Simon Dixon wrote in 2009 Satoshi said by Bitcoin in 2010 Max and Stacy said by Bitcoin in 2011 Simon Dixon said by Bitcoin in 2012 the Winklevoss Bros said by the Biddy 2013 Peter Thiel 2014 Richard Branson 2015 Ashton Kutcher 2016 Snoop Doggy Dog in 2017 that's the year I discovered it. Gwyneth Paltrow and Nipinator and JV in 2018 Elon said buy Bitcoin 2019 Paul Tudor Jones 2020 Mr. SA Man 2021 President Nig Buell 2022 Tom Brady said buy the bitty and in 2023 Goldman Sachs said buy Bitcoin through us today Larry Fink and many of the largest financial institutions of the world say buy Bitcoin with Black Rock in the middle. You can start with an ETF but don't forget to end with self custody. When you learn that buying real Bitcoin is freedom from the banks, it's a journey. That's a great post right there. Shout out Simon Dixon Next Story the Bulls I ain't talking about your Chicago Bulls dominate as Bitcoin options open interest soar to 63 billion. That's right, Bitcoin derivative markets signal new bullishness with bitty options open interest record high 63 Billy dominated by the higher strike prices. It also hit an all time high of 50 billion on the crypto options exchange Derit, which puts 100,000 gain in traction as reported. Dribbit's the world's largest crypto options exchange. Let me know if you've ever used it. With about 80% total open interest. This refers to the number of the value of outstanding option contracts that have yet to expire or be settled. Record highs mean high engagement in crypto derivative markets as traders are actively positioning for the major price moves, suggesting heightened conviction about bitcoin's near term direction. Drivet noted an increase in open interest at the 100,000 strike price which is now around 2.17 billion with the Bears betting on a fall. Well that's what Bears do you I mean. However, there is much more open interest at higher strike prices with more than 2 billion at 120, 130 and 140,000 strike prices. According to Drivet, when open interest concentrates at strike prices well above the current levels, it indicates traders are predominantly betting on hedging for substantial upside, suggesting strong bullish sentiment and expectations for continued prices appreciation. So while put open interest has increased at key downside strikes. There's notable call activity building around 120 and above suggesting traders are positioning for potential upside volatility or gamma exposure now around 5.1 billion worth. The bitty options will expire this Friday on derivative and I assume that's today. It is Friday after all. They have a put call ratio of 1.03 which means long and short contract sellers are evenly matched. There is max pain point of 114,000 in which we're roughly 3,000 below the strike price at which most contracts will make a loss. So positioning currently balance which puts out weighing calls a bit. Traders are hedging downside but not pushing or positioning for a major sell off. I mean it'd be insanity to be betting against the prelo biddy at a time like this but anyways Next story of the day Epstein Epstein's bank JP Morgan reportedly plans to let clients now borrow against their Bitcoin and Ether Bitcoin back loans from JP Morgan Son of the Times that's right. Chase is reportedly planning to let clients use Bitcoin or Ether as collateral for loans, which means they want your Bitcoin, signaling Wall Street's continued move towards embracing, excuse me, digital assets. The initiative would allow JP Morgan global clients to borrow against their Bitcoin and Ether holdings, according to the Bloomberg report, citing people familiar with the matter. The offering would store clients Bitcoin and Ether holdings to a third party custodian, according to people who spoke to the news outlet. If confirmed, the development could make the two leading cryptos more attractive for the institutional investors. I mean, how can Bitcoin be more attractive of at this point? Just saying. Akin to the historical approval of the first US Bitcoin ETF, which launched January 11, 2024. The report follows months of speculation that Epstein's banker JP Morgan could soon accept Bitcoin and Ether. I wonder if Epstein ever paid for anything with Bitcoin. I doubt it. He's more of a shitcoiner. If I could get speculate, maybe use the US dollar the ultimate Ponzi scheme. Just like saying. But anyways, JP Morgan has been considering crypto collateralized loans since at least July, when the first reports on the matter emerged. Still, Financial Times previously reported adopt in Bitcoin and Ether's collateral assets may not occur till next year 2026. The investment bank express interest in stable coins during the earnings call July 15, when everyone's least favorite CEO Jamie Demon said they plan to be involved in stable coins to better understand this emerging asset class. Let me rephrase that. CEO Jamie diamond said he planned to be involved in stable coins because it's just another name for a central bank digital currency and gives them utter full control over the slave class using their stable coins. Yes, I paraphrase there. JP Morgan was amongst the first US banks to venture in crypto. In 2020 it launched JPM Coin. Yay JPM Coin a dollar peg stablecoin. And how's that doing by the way? In 2024 holding shares for different spot Bitcoin ETFs. The early integration came despite JP Morgan c CEO previously expressing criticism on digital assets. That's right, he fuded the bitty for a long time. That's why bitcoiners despise the in 2018 demon said he had no interest in crypto and then in 2022 he called it the centralized Ponzi schemes and he even threatened to fire anyone who worked for his banking institution. Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Fiscally responsible financial geniuses, monetary magicians. These are the things people say about drivers who switch their car insurance to Progressive and save hundreds. Visit progressive.com to see if you could save Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states or situations.
- [18:41]
Ryan Reynolds
Hey, Ryan Reynolds here from Mint Mobile. Now I don't know if you've heard but Mint's Premium Wireless is $15 a month. But I'd like to offer one other perk. We have no stores. That means no small talk crazy weather we're having. No it's not. It's just weather. It is an introvert's dream. Give it a try@mintmobile.com Switch upfront payment.
- [19:05]
Dana
Of $45 for three month plan. $15 per month equivalent required.
- [19:08]
T Mobile Ad Voice
New customer offer first three months only.
- [19:09]
Dana
Then full price plan options available, taxes and fees extra.
- [19:11]
JV
See mintmobile.com for using it. That's how anti Bitcoin he was. And at the same time he was purchasing hundreds of millions of dollars worth of bitcoin for their trading desk. So that's the definition of a hypocrite. That's because he knows Bitcoin is the greatest thing ever. That's why they're wanting to accept it for collateralized Bitcoin backed loans. And that's why he was buying it years ago at the same time he was fighting it. Because that's what the lizard folk do. Welcome to Earth. But yeah yo. Next story Brosis there was no money laundering charges. Cz class back at Senator Liz Warren. As you know big news this week we covered on the pod. CZ got pardoned by Trump Coffee Zilla actually made a video about this. Apparently Trump financially benefited from Bananz and CZ large amount of money so you know favor for a favorite kind of makes sense to me. I just hope he doesn't do something stupid like pardon criminals, real criminals such as Bankman Freed or P. Diddy which there's rumors circulating. But Anyways Banan's founder C.Z. fired back at everyone's least favorite Senator Liz Warren after she claimed he pleaded guilty to a criminal money laundering charge. Well if that's not true then I hope CZ can sue the out of her. On a Friday post CZ wrote that Warren can't get a facts right. He added there's no money laundering charges. Teller what CZ pleaded guilty to was a single felony count of violating the U S Bank Secrecy act by failing to maintain effective anti money laundering program at Bance. This led to him receiving a four month sentence in April 2024 and he paid like a four plus billion dollar fine to the Department of Justice. CZ's pardon was signed on Wednesday as bonance confirmed the presidential order. And here's what CZ had to do or share to clap back. A US Senator can't get her facts right in a public post about a person's charge. There was no money laundering changes. I think he meant charges the same senator declared war on crypto on public tv. That's true five days before my sentencing during the Biden admin Need a better example of weaponization of Biden's DOJ against crypto and more power to CZ for calling this lady out. One of accused CZ of playing semantics arguing the plea was still very much a money laundering conviction. There's a difference. CZ responded that he had accepted responsibility for compliance failures. I mean the guy paid the fine and he served jail. So leave the man alone. I mean he paid $4 billion for Christ's sake and he served four months. Literally the wealthiest person in human history to serve jail time. The man's worth estimated hundred billion dollars just FYI. Warren went on to say CZ finance Trump's stable coin. There is a connection there but that is a little misleading. And Coffeezilla did break that down in his video and lobbied for a pardon. Maybe some truth there. This followed the Bananz co founder, former CEO saying he wouldn't mind a pardon from Trump at the end of 2024. According to Warren, if Congress does not stop this kind of corruption, it owns it. As if Biden and his administration wasn't just purely pushing corruption alongside Liz Warren. I mean, so when she points the finger, there's a dozen fingers point right back at the lady. Back in mid July, CZ threatened to sue Bloomberg over a report linking him to the Trump back USD 1 stablecoin. The report in question remains live claims that Bonance wrote a basic code to power USD1, citing critics saying the situation led to conflicts of interest for the Trumpster. Meanwhile, Warren's comments follow similar remarks by US President Representative Democrat of the House Financial Services. Everyone's least favorite, Maxine Waters. You know what I remember her for? Blowing kisses to Bankman freed in court. Can't make that shit up. In a statement released on Friday, she said Trump is doing massive favors for crypto criminals, anti money laundering, tax avoidance who have helped line his pockets. Now, there may be some truth to that, but it's besides the point. Trump's pardon a banana founder cz, who pleaded guilty to enabling money laundering and facilitating suspicious transactions with child abusers. I never heard nothing about that. Child abusers, drug dealers, terrorists. Let me un. Let me tell you my understanding of this shit and I'll just break it down. So you know the social network by the name of Facebook owned by Mark Zuckerberg, it's one of the biggest networks in the world. There's absolutely going to be criminals using that network. But to place liability on the creator of the social network as if they're the criminal is. This is what they did to Ross Ulbricht, Right? He had Silk Road. He wasn't dealing drugs and doing illegal. He just owned the platform. And then there was bad actors on the platform. So with the logic they're throwing at Czech is similar to the logic of criminals. Are you using the US dollar and doing money laundering, blah, blah, blah. So therefore, let's get rid of the Fed. Amen. Can I get an amen? But that's the same logic they're using as if CZ is responsible for every, you know, tens of millions of users on the platform. If there's a bad actor, that doesn't make him guilty of any criminal activity. Right? So that's my two satoshis. Let me know if you agree. Disagree. Anybody? Just comments out loud. Welcome everyone. Join the line. Lizzie Warren. Exactly. It takes a pot to call the kettle black. The pot. Here's Lizzie Warren. Next story, Tesla rise Bitcoin rally 80 million profit for Q3 Tesla books the crypto gain Reports have disclosed that the gain showed Tesla's income statement because of the recent accounting guidance that requires the companies to mark certain crypto assets to the fair value. That change means swings like of the Shaolin monk swinging the guillotine in bitcoin's market price now to show up in the quarterly results even if no coins are sold. And accounting experts have been preparing for this shift since the Financial Accountant Standards Board issued the new guidance late 2023. Tesla's revenue for Q3 was 28 billion. Damn, I want to talk to Samson. And higher than many estimates. While adjusted earnings per share came in at 50 cents, so shout out 50 cent missing the 54 cent consensus and analysts pointed to the higher costs including tariffs, the drop of the regulatory credit income as pressure points for profit margins even as the vehicle deliveries remain strong. Now let me know how many of you drive a Tesla holler, let me know. So yeah, it's Tesla reveals 1.3 billion Bitcoin was sold but still added 80 million profit in the third quarter this year. The 80 million move is meaningful for crypto watchers, but still still small relative to Tesla's overall results nationally. For context adjusted EBITDA for the quarter was roughly 4.3 billion, meaning Bitcoin gain represented a silver of Tesla's operating performance. The gain is described as unrealized. It reflects market change value rather than proceeds from sales. So yeah, unrealized gains based on reports. Investors treated the bitcoin news as a data point rather than a game point plan. Some traders welcome transparency that comes with the market. Crypto crypto market. Others noted bitcoin exposure adds another layer of the volatility to the Tesla earning line since futures quarters could show losses if the prices retreat. And yeah, the new accounting rules remove the old asymmetry where companies could write down crypto when the prices fell but not record gains when the prices rose. Unless they sold it, there need to be a realized gain or loss. Now gains and losses flow through the net income each reporting period quarterly, which can make results look choppier from quarter to quarter. Big companies that keep crypto on the balance sheet will likely see those swings reported this holiday.
- [27:25]
MeUndies Ad Voice
Give the gift that says let's cancel plans and just lounge me. Undies has dropped a new holiday collection and it's made for maximum cozy. We're talking soft as snow, ultra modal fabric, festive prints and loungewear so comfy your couch might get jealous. Onesies, hoodies, joggers, even delightfully quirky holiday designs. You're welcome. Knock out all your holiday gifting needs with deals up to 60% off@meundies.comfort. enter promo code comfort. That's meundies.comfort codecomfort.
- [27:55]
Propane Ad Voice
The US electric grid is approaching a breaking point. As demand soars from data centers and home energy use, our aging infrastructure can't keep up. And the Department of Energy warns that without action, blackouts could surge 100 fold by 2030. The good news? One solution is already here. Propane. It's American made, stored on site and always ready. Powering homes and businesses with cleaner, reliable energy that doesn't depend on the grid or the weather.
- [28:22]
JV
Learn more@probane.com More openly with this present holding, Tesla is now the 11th largest corporate Bitcoin holder in the entire world. The car makers rank higher than hut 8 mining and a number of the smaller organizations. But lower than strategy. Well, it's the biggest. Galaxy Digital and the Block. Don't be fooled by the rocks that I got. I'm still, I'm still Jenny from the block. Used to have a little, now I got a Glock. Anyways, there's the latest with Tesla, the 11th largest corporate holder of the BTC. But if Elon fully embraced bitcoin, they'd have a massive amount. It's really minuscule in comparison to how much wealth they have on the balance sheet. Still shocking, but not shocking at the same time. Depending upon your perspective of Elon and who he truly is and the role that he plays as an actor in our stage we call Earth in our world. But I'll leave that topic for another conversation. You know, Shakespeare once said, the world is a stage and we're the mere actors. And I'm paraphrasing. And they're met. William Shakespeare. Be quite honest, I don't even think I've read his books. But I remember learning about him in school. For whatever reason, I'm gonna assume he was a freemason. Because everyone they teach to us in school is a freemason. Everyone who gets credit in the history, who wrote the history books, the ones who control history. The rest is a mystery. Now for our feature story of the day. January Samson Mao says bitcoin's next run will shame gold's latest rally. And if you missed the memo, Gold just hit a new all time high market cap of over 30 trillion and I believe it crossed 4, $400 an ounce. It's literally doubled in the last couple of years. And Peter Schiff has gone crazy over it. That's right. January Samson Ma expresses confidence in the bitcoin long term prospects predicting the next bitcoin surge will outshine goals recent rally for context Gold has been making headlines recently due to the remarkable performance the world's precious metal has repeatedly reached new highs this week with a latest peak of yeah close to 4400 bro. 4370. Let me know if any of you are investors of the precious metal. Analysts attributed the goal recent surge to several factors including renewed U S China trade tensions and expectations of the Federal Reserve's interest rate cuts including one coming up Wednesday. Next week however prelo biddy endured a major correction since last Friday crashing from the 120 range to 107. I think we even flash crash very temporarily to 103 but we didn't retest the 100 level we held strong and we're currently at 111 at the time of the live Bitcoin's collapse comes days after it reached a record high 1263 on Coinbase so to be expected and we also had the highest weekly close in bitcoin history a couple of weeks back and then it's been bearish ever since. But despite bitcoin's recent underperformance Samson believes in the assets prospects. He suggests the next bitcoin price surge would put gold's rally to shame. I agree 100 I think gold's going to eat away the gold $30 trillion market cap like black hole the apex predator, the matrix the feeder. This implies that Samson expects the next bitcoin rally to be far more substantial than and more explosive than gold. I agree and at a staunch bitcoin advocate Ma had repeatedly argued bitcoin serves as an effective hedge against economic uncertainty amid the fixed supply increasing institutional adoption. His stance directly challenges traditional views of those who regard gold as the ultimate safe haven asset. That's why Bitcoin trading at currently 111 at the time of the live he still believes the assets are valued I got to agree. Mao predicts a Bitcoin serves 1 million this year. Now we're talking we got what 70 days left in May he suggested bitcoin be trading at 10 million per bitty. If only people understood the BTC. Nonetheless he predicted that the flagship crypto would reach a lofty target a 1 million by December of this year. I wish you a merry Christmas. I hope that comes true. Representing 822 surge from the current price Mal's prediction draws inspiration for the Bitcoin remarkable 20162017 bull run during which Bitcoin surged from 1,000 to 20,000. It was a hell of a time. He noted that a bitcoin could achieve such growth. Despite the widespread criticism over the mining practices and minimal institutional adoption of the time, there's still little standing in the way towards the path to 1 million, especially as the institutions continue to indicate and renew their interests in the btc. Meanwhile, Peter Schiff says gold will hit a million before bitcoin. You can't make this up, but check this Bitcoin skeptic. Peter Schiff emphasized gold is more likely to reach a million than bitcoin. He made the remark while emphasizing gold's impressive performance, noting Bitcoin was down 32% against gold since August. That's called fudging the metrics. Let's look at the metrics from the time of the Genesis block. Mr. Peter Schiff from what was that, 2009? Bitcoin's up millions of percent. I don't even you lose track after it hits the first million. What is gold up in the last decade? I don't know, maybe 200%. I'm speculating Layton, but let me know yo. But there's the latest and there you have it. And welcome everyone to the Q A segment. Oh yeah, earlier I saw Sweet Bitty gifted a membership and I forgot to shout you out because I think I was doing my thing with the news at the time. So shout out Sweet Bitty and whoever got blessed with the membership. And I see Juju Petal just matched it. She just gifted a membership. Jimbo now just got hooked up. So congrats to the new members and welcome Tammy Hatcher. This gong strike is for all of you. Appreciate you and don't forget to check out bitcoin news alerts.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 Sam.