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2153: Saylor Predicts $150K Bitcoin by Q4 2025 – Musk Launches X Chat with BTC Encryption
00:28:46
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Tranquil Tranquility Happy Satstack And Saturday happy November 1st. Welcoming Novemble. Let the bulls rip. In today's show I'll be discussing the latest TA as Bitcoin is back in a green on the day just above 110. 2. We'll also be discussing obviously November being historically the most bullish month of the entire year. And we had a very lackluster October unfortunately. But Malaysia Central bank sets three year road map to pilot Asset Tokenization Also in the headlines, Quantum threat to Bitcoin still years away says Borderless Capital partner. Also big news today. Elon Musk unveils X Chat, a messenger with encryption. He says similar to Bitcoin and inspired by bitcoin. We'll also be discussing Sailor Tips150,000 for Q4, which ultimately means within the next 60 days despite the Trump tariff shocks which have shaken up the financial landscape. We'll also be taking a look at the overall crypto market. All this plus so much more right here. Satstack and Saturday. If you guys are new to the rumble, you know what to do. Smash the likes. Give us a repost over on the X. The X handle is BTC News alerts. As you can see on the screen, today is the first day of Novemble so let's kick it off with a bang. Yeah, I got the Fed chair Nipinator right alongside me. Bitcoin kicked off the new month at 110. Unfortunately October was very lackluster after a very bullish first week. It actually kicked off October 1st with the announcement of the government shutdown. Didn't stop Bitcoin. First week we hit the all time high currently which is 106. I'm sorry 126 3. So then we had 3 weeks of pure bear, unfortunately, which we weren't really anticipating considering October's historically the second most bullish month of the year. And as we discussed yesterday, it's been seven years since we've seen a red candle close for the month of October. But here we are. So personally, I think it's just going to make it that much more bullish for the rest of the Q4 for November and December. Let's make it a very bitty Christmas. Bang, bang, bang. Like the B52. Precisely. But we're going to kick it off with our Margaret watch as we do each and every day. And so, yeah, Bitcoin on coin360 right now is hovering just above110.5, up about three quarters of a percent on the day. Ether just under 3900. I know the dominance of bitcoin has been climbing. I'll tell you those stats here in a bit. But corrective, top coins today are XRP, Salana and Chainlink. And checking out coinmarketcap.com the current total crypto market cap is hovering just above 3.72 trillion. The total bitcoin specific Pacific market cap today just above 2.2 trillion. And speaking of 2.2, we got to get the bitty price To Max Geyser's 2.2 million bitty price target. You know, I mean, that'd be pretty lit. And I'm waiting for the dominance to refresh here. We do have 92 billion worth of volume for the past 24 hours, meaning we're down 46% on the day. And the dominance today dropped just a bit. It's 59.2% for the Bitcoin dominance. It was 59.4% yesterday. Just FYI, checking out top 100 crypto gainers past 24 hours. We have dash up 51 on the day. Now the trend we've been seeing is zcash, another privacy coin, has been bucking the trend, defying all the rest of the alts getting wrecked and up like, you know, I don't know, a thousand percent on the year, 500 on the month. Something very significant we've been discussing it. But Dash today, another privacy coin up 51 on the day that's very unusually high. And its market cap though is only 897. What is that? I would assume is that million or billion virtuals? I I looks like million the way I see only two commas in there. That's very undervalued in my opinion. Zcash, however, is close to already a 7 billion market cap because there's three commas in that Mofo. So Zcash did overt Monero and is now the top privacy coin in the world. The top three the holy trinity of the privacy zcash, Monero and Dash and checking out the crypto bubbles. Bulk of the market in the green on the day which is a nice way to kick off the new month. Checking out the weekly unfortunately still the bulk of the market in the red. Checking out the monthly rec city across the board. In fact only a handful of coins even in the green and two privacy coins lead the pack. Zcash and Dash and checking out the annual perspective. Finally, bulk of the market in the green Z Cash lead in the pack up over 1,050%. And checking out the crypto Greed and Fear index. Today it's a 33 fear yesterday 29, last week at 37 and last month a 64 in greed. And there you have it. There's the latest what's happening in the market as the nipinator licks the log. As a wise man once said, yep, decent bull works too. Either way, never selling. Next story. Here's a little TA AKA Astrology for the Broskis. I'm going to start with a one hour chart. I'm just going to read all this out for you, do the heavy lifting for you. No particular bull targets on the one hour. Unfortunately there is a bear target sitting all the way at102.5 which is practically an eight thousand dollar decline from the current level. Hopefully that don't happen. We are in novemble but as I always say there's just no telling. With a constipated Janet Yellen ban on the four hour it actually starting to look bullish. We did touch down at around 106 and we've been climbing since then. Slowly but surely. No particular targets and we are below the moving averages unfortunately. Checking out the daily. That's typically when things start to get bullish. Precisely. We do have a bullish flag target sitting all the way at 146. The current all time high achieved first week of October roughly a month ago was 126. So we have a target for a bull flag on the daily chart literally sitting $20,000 which is two God candles above the current firmament and working our way backwards. But check out the weekly. We do get a weekly close for tomorrow which will be the first close of November. And again let's manifest this novemble shall we? So far it's in the red unfortunately so we would need a nice pull pump to switch course. We'll see how this plays out. No particular targets on the weekly chart. Paned it out for the monthly and though it's only the first day of the month, the the candle is minuscule right now. Maybe 500 in the green. So obviously anything can happen between now and the next 30 days. But stay tuned, we'll see how we play out for the month of novemble. And now headline Here Bitcoin starts 100,000 capitulation as the Bitcoin price metric sees big one volatility so the question I have for you as I read some analysis here. Do you think we will retest 100,000 for this month or do you just think we just go parabolic towards sailors $150,000 target? You do got to let me know please. So yeah trading view showed Bitcoin price recovering losses from Friday's Wall street trading session. This began with the cell pressure frequent phenomenon throughout the week involving US exchanges and spot ETFs. Onchain analytics over at Glass Node said the ETF outflows highlight rising cell pressure from tradfi investors, renewed weakness into the institutional demand. Meanwhile far side data put Friday's tally at 191 million following 488 million of outflows on thirsty throwback Thursday. Glass Node also noted the markets have shrugged off like this shrug of the macro tailwind in the form of the interest rate cut from the Fed. The Fed delivered the expected rate cut we anticipated on Wednesday. But unfortunately markets tanked right after the initial rally faded. Traders moved back into cautious mode. A Peter shift clearly reflected in Bitcoin's options. Market traders likewise remain cautious. I want to talk to Samson with crypto investors and entrepreneur Ted Pillows calling the current setup on bitcoin time based capitulation. He says bitcoin time based capitulation is happening now JV but for this Bitcoin needs to consolidate above 100 GS. A weekly close below this level would confirm obviously a downtrend. Thank you Captain Obvious. But the million dollar question remains. Will we crack that low? Dan Crypto trades wrote Bitcoin Hell 107 again and move back to the mid range in just one day down another at this point range ranging chop chopping. We remain patient for 107 or 116 to break to see some momentum back in the market and for the free range to end. So I mean also Bollinger bands are saying the volatility will continue. Opportunity equals volatility. Volatility equals life force. You've heard it before. So seize the moment. Stack the sats the monthly Ballinger bands have reached the most extreme levels in bitcoin's entire history. For those of you who follow the Ballinger bands, last month the Indicator's creator John Ballinger said it would sell soon be time to pay attention to the to the volatility on both bitcoin and the major alts. And if you don't know now, you know. Okay, let's get back to some of the comments here. Brosis and Bitty Baddies Bulu Ary I haven't heard that one. Bull Uary or Jan Bull what do we call that month? I like Buluary but I think Jan Janu bowl maybe has a better ring because I think people would recognize the Jan as January so I would roll with that one. I'll just keep chasing the W. Don't go chasing waterfalls. Please stick to the what is it the rivers and the lakes that you're used to. I know that you're going to have it your way Chandier Nothing at all. But I think you're moving too fast. I seen a rainbow yesterday. A little TLC action Jackson for you. A little throwback next Story of the day Broskis and baddies Headline reads Bitcoin ends October in the red but now enters its biggest month for the gains. No pain, no gain in this bitcoin game for the fortune and fame, Bitcoin has stepped into its historically most significant month for gains novemble with an average increase of 42 and a half percent ever since 2013. That's 12 years of respective gains, meaning Bitcoin can surpass 160 this freaking month if history rhymes. And if history doesn't rhyme, I'll make it rhyme. Don't test me suckers. But anyways. However, analysts note several macroeconomic factors are also at play. Quoting Marcus Leland I do think seasonal charts matter a lot, but it has to be combined with a lot of the other factors. Ultimately looking ahead, the expectation of the U S Fed further lowering interest rates as well as the U S and China working on a trade deal. Both developments could be favorable. I'd say so. However, the government shutdown, the U S tariffs continue, and I don't think we were anticipating. You know, it's already been 30 days plus since the shutdown. Will it likely end in November's the million dollar question. But talking about US China easing trade tensions, there was just a meeting between President Xi and the Trumpster. That was Thursday and allegedly it was a positive step. But I'm Always skeptical, whatever you hear. I remember like, you know, reading the story that day and it's like Trump says, oh, it was great conversation. We're on the verge of making a great agreement, which ultimately means we ain't agreed on no deal. Trump described the talks with the Chinese president in South Korea as amazing. Oh, yeah. And interestingly, the president of China and us met in South Korea, but there was no reference of the Korean president. So why the did they even meet in Korea to begin with? That's my question. Anyone answer that? Part of the talks included the agreement from Trump to trim tariffs in China in exchange for Beijing cracking down on the fentanyl trade. Why is that trade allowed crack? Should there be no cracking down? Should that fentanyl trade not exist? I'm just thinking outside the box. That's from my understanding, poison, it kills millions of people every year. So it's being engineered and they need, we need to wind that trade down. Why does it exist? Oh, population control. That's right. Resuming U.S. soybean buying and an end to the restrictions of the rare earth exports. I think it's all. I'm not even gonna say it yet. I'll read the rest of this. Trump's threat on terrorists against China was blamed for the recent crypto crash. Well, of course it definitely impacted it. We saw 19 billion liquidated in 24 hours. The biggest crypto crash in history in 16 years. So there's absolutely a correlation there. Now it's only days ago the Fed officials voted on another quarter point rate cut, lowering the key. So yeah, they lowered it already twice this year. There's probably going to be one more, but I would assume it's probably going to be next year. Let's see, the next Fed rate meeting is December 10th, so that gives us about five more weeks. That's according to the Fed Watch tool and traders already pricing in on the betting markets a 6.63percent probability of a rate cut. And the closer we get, that can jump up and juice to 99, just like we saw recently with the one last week. Fed chair J. Pal surprised the markets Wednesday by saying the move was not a foregone conclusion. Are we really surprised? Come on now. Fed cuts are seen for bullish as bitcoin, yet we crash significantly. Right off the back of that announcement, Gold actually took a step back as well and it's been very volatile. It did recapture 4,000 an ounce after hitting the all time high of like 4400 an ounce. Arthur Hayes just Blaze says. There you have it. QT quantitative tightening. Finito, he says over JV. Finito like young Danny DeVito. Back up the truck and buy everything, he says. And there you go. US Government shutdown stretches it does. My question is when will it end and is this all by design? What's really going on? Here's what people tell me who follow politics because I sure as fuck don't. They say the Democrats just blame the Republicans for the shutdown, and then the Republicans just blame the Democrats for the shutdown. So they're each pointing fingers at one another. Is it safe to say our whole system is fucking broken? But anyways, next story of the day Broski is Malaysia Central Speaking of Asia, Malaysia Central bank sets three year Road Map to pilot the asset tokenization that's right. Bank Nagara Malaysia B M, the country's central bank has unveiled the three year Road map exploring to test asset tokenization across the financial sector. Under the new initiative, BNM will launch the Proof of Concept projects live pilots through the Digital Asset Innovation Hub established earlier in the year, a central bank announced just this Friday. A key part of Road Map is the creation of the Asset Tokenization Industry Working Group which will coordinate industry wide exploration, share knowledge and identify regulatory and legal challenges. The working group, co led by the BNM and the securities Commission, will initially focus on foundational use cases that can demonstrate clear economic value. Meanwhile, the central bank Clarify tokenization will focus on real world assets, not cryptocurrencies. Amongst the highlighted use cases are supply chain financing to expand SME credit access, tokenized liquidity management for faster settlement, and also Islamic finance applications that can automate Sharia compliant transactions. Other areas include programmable payments, green finance and 247 cross border trade settlements. B M also plans to study the role of myr, the nominated tokenized deposits and stable coins, aiming to preserve the singleness of money of the Bitcoin singularity, but without the Bitcoin it seems while enabling efficient digital settlement. Yeah, here's the doomsday scenario. Wholesale central bank digital currency integration will be explored. So they're ultimately telling you in so many words prepare for the CBDC Centralized bank digital currencies. Not a good look Malaysia, not a good look. Per the road map, Malaysia aims to join other Asian regulators like Singapore is MAS and Hong Kong's HKMA and piloting asset tokenization. It just sounds like they're tokenizing and piloting for central bank digital currency and everything else is smoke and mirrors. Or am I reading into this wrong? Let me know your insights fam. Next story of the day Quantum threat the Bitcoin still years away, says Borderless Capital partner as you know, chips and AI and technology has been exponentially growing. So folks are always like yeah, you know, especially the anti bitcoin folk. Oh there the super computers, they'll just hack all your bitcoin and that's how they justify not owning any H. But let's dive into this how real of a threat is the quantum computing? Although it's still infancy stages, quantum computing can pose a threat to Bitcoin and other proof of work algorithms in the near future, according to Ahmet, a partner at the venture capital firm Borderless Capital. When asked about the trends Borderless Capital was following, he shared that at the Global Blockchain Congress Dubai this year, the company was diving deep into the quantum compute and looking at how companies are developing quantum resistance technology. He said quantum computing will take until the end of the decade, which would mean 2030 right to develop. Still, he said, people tend to underestimate the rapid evolution of the tech quitting them here. Given the recent advancements which have happened in chip technology and compute tech and in the power of doing compute in a decentralized way, quantum computing is definitely a problem. It's not imminent in the very near future. Quantum computing harnesses the principles of the quantum physics to process info at speeds beyond today's machines. And while the tech is still emerging, it could eventually break the encryption protection, cryptos and other sensitive data, pushing developers to create new post quantum security standards. And that's precisely what will probably happen. Charles Edwards, founder of the Quantitative Bitcoin Digital Asset Fund Capriole, said situations far more urgent and argues that the industry must employ solutions as soon as possible before it's too late, he wrote here on X. If Bitcoin doesn't solve quantum in the next year, gold will keep outperforming it forever. It is an emergency and we need to choose a solution next year. Let me know if you agree Disagree with Charles Edwards now this analyst and Edwards aren't the only ones concerned about the quantum computing. In July, Sui Research unveiled the new cryptographic framework designed to safeguard blockchains from quantum computer computing threats without the need for the hard forks. But while the new solution works for Sui, near Salana, Cosmos and other blockchain networks, it does not solve the problem for Bitcoin or Ethereum. Meanwhile, the US Government reportedly considering investing in quantum computing to protect national security interests. My understanding, by the way, the government's like the most easiest thing to hack into. McAfee would openly talk about that and he'd flex on how he effortlessly hacked the US Government by sending their employees laptops with spyware on it. Long live the legend John McAfee. We had him do a couple of interviews on the podcast back in the very early years and I got a lot of love for Mr. McAfee. But anyways, an October report from Bloomberg said the U S. Department of Commerce may allocate funds to the nascent tech to stay competitive with China. So yeah, big super computers being developed, naturally, bitcoin, it's going to take probably years for that quantum computing leap to be able to do that. However, bitcoiners will always be ahead of the curve. They're called developers and they can develop protocols to continue to be ahead of the curb. So as the quantum computing leapfrogs, so does the bitcoin tech and the cryptographic protections it has. So best of luck scammers. But anyways, here's a big story. Elon unveils X Chat, a messenger with encryption similar to bitcoin. Tech entrepreneur, billionaire richest man on the planet Elon set to launch a standalone messaging app called X Chat. And speaking of encrypted chat, I just downloaded Bit Chat, which is Jack Dorsey's and I will say I trust Jack Dorsey. I can't say the same for Elon, but we're still going to entertain this story. Elon says this will compete with Telegram and WhatsApp and the rollout will be in the next few months. On X, we just rebuilt the entire messaging stack into what's called X Chat. He shared that on the Joe Rogan Experience, which is aired Friday. So there's a new long format interview. It's using a peer to peer based encryption system kind of similar to bitcoin, he says. Kind of similar to Bitcoin. It is very good encryption. We're testing it thoroughly. Must said he hopes the new messaging app will be released in a few months. That ultimately means it won't, but he has high hopes. He says it won't have any hooks for advertising as he pointed to competitors like WhatsApp, which he knows enough about what you're texting to know what ads to show. Also, he said but then that's a massive security vulnerability because if it knows enough info to show you ads, that's a lot of info. WhatsApp parent company Meta, you know Zuckerberg so claims it doesn't have access to private messages, but we all know Zuckerberg soul his soul to the lizard folk very long time ago and that couldn't been more apparent during novid when they were basically censoring anything that went against the mainstream narrative. And I know from first hand experience and he's even said, you know, he's working with the Biden administration and all that. But anyways, it is understood that metadata such as who you chatted with and how often you talk with them is not encrypted. WhatsApp also does not automatically encrypt backup copies of your chat history. WhatsApp FAQ section on does what app collect and sell your data? Skirts answering that. So the answer is of course Zuckerberg is you over at Zuckerberg and that's why we call him Must promise that X Chat won't have these advertising hooks. Do I believe them? Absolutely not. Just keeping it 100. I believe nothing the man says. I am not saying it's perfect, but our goal with X chats to replace what used to be the Twitter DM stack with a fully encrypted system where you can text, send files, do audio, video calls and I think it'll be the last insecure of any messaging system. Oh sorry, be the least insecure. He added that the messaging app will be available as part of the X platform and one thing I know for certain, I highly doubt I'll be using that. But there you go. There's the latest from Elon. I know there's a lot of Elon fans. Calm down jv. Elon's saving the world. I disagree, but I think he's trying to destroy humanity. I mean it, say it how it is. He's trying to end human species by merging AI with humans. What can go wrong? Mark of the beast. Mark of the beast. But anyways, next up we will discuss our feature Story of the day, the latest from the Gigachad Mikey Saylor. All right fam. Now for our feature Story of the day. Sailor tips 150G's within the next 60 days for the Q4.4 target. Despite the Trump tariff shocks which have rocked the entire financial landscape, we're in the thick of it right now. This week started with a promising crypto market recovery after 19 billion market crash earlier in the month, the largest of all time as demand for digital assets started to rise like a phoenix with a potential end to the tariff wars on the horizon. At least that's what they tell us. Crypto investor attention was largely focused on President Trumpster meeting China's President Xi which happened in Korea aimed at securing a trade deal and at this point, no deal. However, the positive momentum took A sharp turn on hump Wednesday when a Bitcoin ETFs posted 470 million of outflows despite the U S Fed decision to cut the interest rates in which they did and fueling the investor concern. Thursday's tariff meeting between the two presidents ended with no significant announcements related to import tariffs resulting in more uncertainty for global and digital asset markets. But now for the latest from Mikey Sailor. Yesterday we did actually our feature story if you missed the pod check it out it was episode 2152 and we discussed the Q3 earnings report which just went live for strategy and it was two and a half billion net gain. But anyways the largest bitcoin treasury company in the world forecast Bitcoin hitting 150,000 000 within the next 60 days. Just blaze. I think that these 12 months have probably been the best 12 months in the history of the industry. According to Sailor on the CNBC interview Sailor cited US SEC embracing tokenized securities U S Treasury Secretary Scott Bessant endorsing stables to protect dollar dominance and the overall regulatory pivot in the U S as reasons to remain bullish. Quoting Sailor again our expectation right now is that by the end of the year it should be about 150g and that the consensus of the equity analysts who cover our company and the bitcoin industry. The forecast came amid depressed crypto asset prices. You can say that again. I mean we. We peaked out at the all time high first week of October it was 126.3 and today we're like 110 so we're damn near 16000 below the current all time high at the time of the live and Sailor also in the same exact interview he did go on to share some interesting missing things regarding a midterm target and it just got super grainy because it's pitch dark. I probably forced to turn the light on here getting and I think there's about going to be an hour change here in the time not in Puerto Rico but eastern time just FYI But I think it's later in the week but I think that might be a little better for you hopefully and obviously far from perfect. Again very low lighting right now but long story short Sailor said long term he's expecting Bitcoin to be 20 million per coin in the next 20 years with an average annualized return of 30%. So slow and steady wins the race. Bull market forever. Going up forever. Laura, let me know if you agree or disagree with this man.
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Take all your time figure out how to borrow more money to buy more bitcoin, then take all your time and figure out what you can sell to buy bitcoin. And if you absolutely love the thing that you're that you don't want to sell it, go mortgage your house and buy bitcoin with it. And if you've got a business that you love because your family works for the business that's in your family for 37 years and you can't bear to sell it, mortgage it, finance it, and convert the proceeds into the hardest money on earth, which is Bitcoin.
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And let me know if you agree or disagree with Michael. 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.