2166: Bitcoin Crash to $94,000 – Eric Trump Calls for $1 Million BTC

Summary

Podcast Summary: Bitcoin News Alerts | Daily BTC News

Episode 2166: Bitcoin Crash to $94,000 – Eric Trump Calls for $1 Million BTC
Date: November 14, 2025
Host: JV (with co-host “Fed Chair Nipinator”)

Episode Overview

This episode dives into the massive recent correction in the Bitcoin market, with BTC briefly crashing to $94,000 before recovering slightly. The host breaks down the latest technical analysis, ETF outflows, regulatory updates, industry scams, and bullish sentiment—including Eric Trump’s prediction of Bitcoin reaching $1 million. The show is raw and unfiltered, focusing solely on Bitcoin and major industry developments, mixing news, analysis, and commentary in a lively broadcast.

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Key Discussion Points & Insights

1. Market Recap & Current Bitcoin Correction (00:00 - 06:29)

• Bitcoin’s Drop:
  • Bitcoin tapped $94,000, down $3,600 for the day, but quickly bounced back above $97,000.
  • “This is a new low we ain’t seen in a very long time.” – JV ([00:49])
• Market Overview:
  • Most cryptocurrencies deep in the red, with only privacy coins (Zcash, Monero, Dash) showing gains ([02:15-03:17]).
  • Bitcoin market cap: $1.934T; total crypto market: $3.29T
  • “Virtually everything wrecked today minus STRK... the Holy Trinity [privacy coins] doing pretty well.” – JV ([03:17])
• Sentiment:
  • Crypto Fear & Greed Index at “Extreme Fear” (score 16), lingering at fear levels for the past two weeks ([04:04]).
• Block Height & Sats per Dollar:
  • Block height: 923,622; you can now get 1,032 sats per dollar (“This is a steal.” – JV, [04:32]).

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2. Technical Analysis (TA) (04:32 - 06:29)

• Short-Term & Long-Term Charts:
  • One-hour chart: “So bearish right now, we’re significantly below those moving averages.” ([05:12])
  • Four-hour & daily charts: Consecutive red candles, no bull targets in sight in the short term, but glimmer of hope with a bull target of $127K longer-term ([05:14-05:46]).
  • Weekly/monthly: Third consecutive red weekly candle. November, historically bullish, has been “bloodier” than October—market in a corrective phase ([05:49-06:09]).
• Key Support Levels:
  • Liquidity and support zones shaken: “Bitcoin has now tested the $102K–$100K support band for the fourth time... eventually it will break.” ([06:29])
  • Leverage and long positioning remain high, increasing risks of further liquidations.

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3. Bitcoin ETF Outflows & Market Impact (06:29 - 09:24)

• ETF Withdrawals:
  • U.S. spot Bitcoin ETFs saw $866M in net outflows—second-worst day on record ([08:17-08:48]).
  • Correlation noted: “When there’s massive outflows, there’s massive crashes. When there’s inflows, there’s price appreciation.” ([08:30])
• Market Structure:
  • Some analysts suggest the four-year cycle is “no longer relevant” due to ETFs; an “extended cycle theory” may now be in play ([09:27-09:31]).
  • Notable: CryptoQuant founder Ki Young Ju says the bull market is intact unless BTC loses $94,000 ([09:15]).

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4. DeFi & Institutional Bitcoin: Upgraded Bridge (10:30 - 12:59)

• Threshold’s TBTC Bridge Update:
  • Enables institutions to deposit Bitcoin directly to DeFi chains with single transactions, minimal risk ([10:30-11:40]).
  • Could unlock over $500 billion institutional BTC to DeFi protocols. TBTC is 1:1 backed with no custodian.
  • Quoting RZA Carla Ramos (Threshold):
    • “They're going to be wanting lending and they want yields on it. Because if they’re investing for bitcoin in the long run, you don’t just want it sitting there.” ([11:27])
• Comparison:
  • Competes with Wrapped BTC and other bridges but offers decentralized security ([11:41-12:59]).

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5. Regulation: SEC Project Crypto Plan (13:13 - 15:53)

• New SEC Proposal (Paul Atkins):
  • Seeks to classify digital assets and “end perpetual securities label.”
  • Token taxonomy will clarify which assets are securities, commodities, collectibles, or tools.
  • “Most crypto tokens are not securities... Networks mature, code is shipped, control disperses...” ([13:13-13:54])
  • Exemptions proposed for certain tokens to trade on regulated platforms.
  • Enforcement of anti-fraud will remain strong, with cooperation from the CFTC in relevant cases ([14:41-15:33]).
  • “...we will align our rules and enforcement with the economic reality that investment contracts can end and networks can stand on their own.” ([15:34])

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6. Pig Butchering Scams: National Security Threat (15:53 - 19:42)

• Rising Scam Concerns:
  • Chainalysis highlights “pig butchering” scams are now a national security threat ([15:53]).
  • Pig butchering = long con scams where criminals build trust and then siphon victims’ funds via fake crypto platforms or relationships.
  • “If anybody is touching money in any way, you’re a part of this, so you need to be prepared to understand the threat and the gravity of what’s happening on a national security level.” – Chainalysis guest ([16:34])
• Victims & Authorities:
  • Victims are often “hit twice” by follow-up recovery scams.
  • DOJ sets up a scam strike force focused on Chinese-linked organizations toward crypto investment fraud ([18:01]).
• Personal Experience:
  • JV admits falling for a phishing scam earlier in the year, demonstrating how even experienced users can be targeted ([19:15-19:39]):
    • “I got an email from X, allegedly, but it wasn’t X... They snatched my credentials, locked me out of my account.”

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7. American Bitcoin (Trump-linked) Q3 Profits & Eric Trump Prediction (19:42 - 22:55)

• American Bitcoin Financials:
  • Trump-family-linked miner American Bitcoin posts doubled revenue; net income $3.47M—turnaround from $576K loss last year ([20:36-21:27]).
  • Company mined 3,418 BTC, now holding 44,000; partners with Trump family and Hut 8 ([21:27]).
• Eric Trump’s Mega Bullish Call:
  • Eric Trump repeated prediction: “Bitcoin will reach a million dollars.” ([21:49])
  • In a New York Post interview, Eric calls BTC “the new financial trend;” cites crypto as a safe haven after the “de-banking” of his family.
  • “The future is bright. The future is incredible. I think the fourth quarter of this year... is going to be unbelievable for a host of reasons.” – Eric Trump ([22:27])
  • “He also believes bitcoin will surpass a million dollars due to the implicit value.” ([22:55])

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Notable Quotes & Memorable Moments

• On the Bearish Turn:
  • “I got 99 problems. Bitty ain’t one. Hit me.” – JV ([05:12])
• Bitcoin Resilience:
  • “But the million dollar question remains: When do we 10x from 100g’s and hit this million dollar price point?” – JV ([22:58])
• On ETF Flows:
  • “When there's massive outflows, there's massive crashes; when there's inflows, there's price appreciation.” – JV ([08:29])
• Regulatory Change:
  • “A token is no more security because it was once a part of an investment contract transaction than a golf course is a security because it used to be a part of a Citrus Grove investment scheme.” – Paul Atkins, SEC ([13:54])
• Cautious Optimism:
  • “You want your assets to actually generate profit. Well guess what? Unrealized profits still a profit once you realize them. Just pointing out the obvious.” – JV ([11:44])
• On Scams:
  • “If any influencer ever private messages you, 99.9999% chance it’s a scammer.” – JV ([18:44])
  • “I have been duped... it was a nightmare.” – JV ([19:17])

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Important Timestamps

• Bitcoin Price & Market Crash: 00:00–03:17
• Fear & Greed Index Drop: 04:04
• TA Deep Dive & Key Support: 05:12–06:29
• ETF Outflows & Long Positioning: 08:17–09:24
• Threshold TBTC Bridge News: 10:30–12:59
• SEC Regulatory Proposal: 13:13–15:53
• Pig Butchering Scams Breakout: 15:53–19:42
• Trump Mining & Eric Trump Prediction: 19:42–22:55
• Million-Dollar Bitcoin Call: 22:55–end

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Tone & Closing

• The show keep an upbeat, no-BS, “stack hard, stay sovereign” tone.
• Hosts invite active participation and stress skepticism toward both the market and scams.
• Episode closes with a “Q&A” segment and encouragement to join the livestream community.

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For more detail and to catch the full screen-share experience, visit: bitcoinnewsalerts.net

HODL.

Transcript

[A]

Welcome Bitcoin family to the number one Bitcoin pod. Big old correction. Bitcoin did tap $94,000 down 3,600 on the day. Currently sitting just above 97,000 at the time of the live stream. In today's show be breaking down the latest TA. We'll also be discussing Bitcoin. ETs bleed 866 million in the second worst day on record. But of course the Nipinator is bullish. We'll be on the lookout for the Nipinator indicator. We'll also be discussing upgraded bridge to funnel 500 billion institutional Bitcoin into D5 as well as the SEC chair unveils project crypto plan to classify digital assets and end perpetual securities label. Also chain Alice's says pig butchering is becoming a national security threat. And you already know the Cambodian pig butchering scam in which the authorities just seize 127,000 bitcoin. That was the Department of Justice. China's claiming the US stole it. We'll also be discussing Trump family linked American Bitcoin post Q3 profits and their revenue does double. Also Eric Trump does believe Bitcoin will still reach a million dollars. I'll be breaking this down for you. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. If you guys are new to the Rumble important smash the likes give us a follow and hit the repost over on X. It's free to do so today is pod number 2166. I'm your host JV. We did just crash to 94 000. This is a new low we ain't seen in a very long time. I'm your host jv. As you already know alongside my co host the Fed chair Nipinator. I'm in the new mobile studio got the brand new Mac Mini. So now I'll be able to handle all the screen share and all the things how I desire to do things. So we're going to take our stream to the next level here again welcome everyone live and in the flesh. The direct link to the Rumble by the way is bitcoin news alerts.net and.

[B]

The X handle is BTC news alerts.

[A]

Let's kick it off with our market watch as we do each and every day and do a little screen share. Action Jackson. You can see Bitcoin maintaining just above 97,000 at the time of the five.

[B]

Down 3.6% on the day.

[A]

Ether in the red B I mean.

[B]

Virtually Everything in the red minus zcash and Monero. So we'll leave it at that.

[A]

And checking out coinmarketcap.com the current crypto.

[B]

Market cap has been getting obliterated. Currently it's $3.29 trillion. The Bitcoin specific market cap today, $1.934 trillion. And we'll check out the top 100 crypto gainers past 24 hours. We got Stark net up 27%. Zcash up 17%. Another privacy coin dash up 13%. Below that, very modest gains because the bulk of the market is correcting and in the red. And the silver lining is always as the market crashes, typically the bitcoin dominance accelerates.

[A]

And I don't see where that metric is. I'm still adjusting to the new setup, but yeah, whenever, if you guys know the bitcoin dominance, let me know. Yeah, we'll go from there. And checking out the crypto bubbles just for that visual perspective. I mean they say a picture says a thousand words. Well, damn. Virtually everything wrecked today minus strk, for whatever reason, up 21. And again, z cash and monero and dash the three privacy. Holy Trinity. Doing pretty well actually. Z cash up another 15 on the day. Checking out the weekly. No, I don't want to connect the wallet. I don't want to sign in. How dare you even ask? All right, off to the crypto bubbles and on to the crypto greed and fear index. Today we touched down at a bottom of 15.

[B]

Right now we're 16.

[A]

Still in extreme fear. So we've been in extreme fear for the past week or two. Last month, 34 in fear as we're continuing to drop. Uh, checking out the coveted time chain calendar. We're currently on black block. I said black height. Block height.

[B]

Got the black rock on the mine.

[A]

Uh, sitting at 923, 622. And as of today, you could now.

[B]

Get back over a thousand sats per dollar. And this is a steal.

[A]

1032 sats per dollar. Yeah. Let's continue. Next up we'll do a little ta, AKA Astrology for the Broskis. Let's start with the charts. We haven't looked at the live charts in a hot minute together. And welcome back. It feels like forever. I can't wait for the next pump watch. I don't want to do a dump watch. But we are dumping. But anyways, this is the one hour chart via trading view via coinbase and no particular bull targets. It's so bearish right now we're significantly below those moving averages. Floating around 100 GS. 99 GS. I got 99 problems. Bitty ain't one hit me.

[B]

But checking out the four hour, we.

[A]

Do have a target in the red sitting at 126. 7. Current all time high is 126. 3 achieved about five weeks ago. And hopefully we can get back in.

[B]

Price discovery mode, which is the exciting.

[A]

Part of being a bitcoiner.

[B]

Checking out the daily daily chart. 1, 2, 3, 4. Cascading red can. 5.

[A]

Holy.

[B]

It's just getting worse and worse. We do have a bull target though.

[A]

Silver lining 127 in play on the daily chart. Scrolling it out, we'll check out the.

[B]

Weekly, then the the monthly, the weekly. 1, 2, 3.

[A]

This is the third consecutive red weekly.

[B]

Candle which will most likely close in the red unless there's a massive reversal.

[A]

Between now and Sunday, which is not likely. And there's only a bear target.

[B]

I'm not even going to entertain. It's too bearish. But taking it a step back, we'll.

[A]

Look at the monthly and yes, October.

[B]

November, historically the two mega bullish months of the cycle and they've been very corrective. And we're only halfway through November 20and it's already significantly bloodier than October. You know, extended cycle theory in play. But you guys got to let me know your thoughts here.

[A]

It says bitcoin falls to 98. We actually dropped to 94 before bouncing back to around the 97 level. But here we go. Analyst track and the bitcoin liquidity map highlight the widening imbalance between support and overhead resistance. Dan, Crypto trades noted. The large cluster liquidity sits by below the local lows of 98 and 100 as you can see in this chart. Key, you know, levels to watch and clearly we're significantly below that right now. And we did sweep 98. Again we're holding at around 97 and we already tap 94. Coin glass showed 1.3 billion of cumulative long leveraged liquidity concentrated at that 98 level. A steep rise from earlier in the week. I mean it felt like we were just 110 the other day. Bitcoin has now tested 102 to 100 support band for the fourth time. And on the fourth time it did not hold up. Typically the more it does test, eventually it will break. High block capital shows long positioning remains dominant with 69 of the global bitcoin orders leaning long on banana, indicating that Janet Yellen has a deuce in her pants. As many traders continue to trust the 100,000 floor. Both the daily and the weekly charts reflect the softness at the higher time frame, increasing the likelihood of a liquidity sweep towards 98 even as deeper order book support appears to be stacked above the current price. So yeah, as the headline says, Bitcoin ETs bleed 866 million in the second worst day on record. As you know, on 1010 that was the worst cascading liquidation event in bitcoin history and we just experienced the second worst day. And yeah, congrats on our 43 day government shutdown. And that's probably why most likely the markets are tanking. Even though it's over, the the carnage.

[B]

Is done you, I mean or you.

[A]

Know, it hasn't recovered U s spot. Bitcoin ETF saw 866 million of net outflows Thursday, marking the second worst day on record. And remember I pointed out that correlation.

[B]

I've been, you know, pointing it out.

[A]

Numerous times that when there's massive outflows, there's massive crashes, when there's massive inflows, there's price appreciation. This marked the second consecutive day of the outflows for the Bitcoin ETFs even as the end of the 43rd day, making it the longest government shutdown in history.

[B]

Right.

[A]

Of 866 million. Outflow occurred the day after Trump signed the government funding bill on Wednesday. The lack of the ETF demand causing significant concerns amongst crypto investors as these funds were the primary drivers of the Bitcoin momentum in 2025 alongside Mr. Sailor strategy. However, the bitcoin bull market is intact until the price falls below 94.

[B]

Ironic. That's exactly the current support which did hold up.

[A]

So that's according to the crypto quant founder Kijong Hu. He says personally I don't think the bear cycle is confirmed unless we lose that 94.

[B]

Level the line in the freaking sand.

[A]

Other industry watchers argued that the four year cycle theory is no longer relevant.

[B]

Given the introduction of the Bitcoin ETFs. And this leads us into the extended theory, cycle theory. Since the ETF launch of the bitties, the new administration, we've entered a new market structure, wrote Hunter Horsley. I think there's a good chance they've been in a bare market for almost six months now and almost through it now. XRP just launched one of their ETFs. I know they allegedly had a very successful launch with like a quarter billion or something like that. I guess now that the government's open. So the Analyst pointed out Bal Chunes Congrats to XRPC. 58 million day one volume, the most of any ETF launch this year. So yeah, 58 million. There you go. And as other crypto ETFs Ether ETFs logged a quarter billion in outflows Thursday, but Salana had roughly 1.5 million of inflows which is practically nothing. Extended their 13 day winning streak according to the Far side investors. And if you don't know, now you know bro.

[A]

All right fam. Next story of the day. Upgraded bridge to funnel 500 billion institutional BTC into the D5 that's right, crypto infrastructure platform Threshold has rolled out a major upgrade for the TBTC Bridge aimed at enticing institutions to put their billions of dollars worth of Bitcoin or work in the centralized finance protocols. Thresholds latest upgrade enables institutions to mint TBTC directly to supported chains in a single Bitcoin transaction without secondary approvals and without the gas fees, while redemption back the Bitcoin network are equally as straightforward according to Thresholds Head of marketing RZA Carla Ramos went in depth on an interview speaking at Web Summit in Lipson this week, explaining the feature improvements will incentivize more Bitcoin huddling institutions to put their Bitcoin to work in defi instead of just letting it sit there and awaiting for it to appreciate quoting them here. They're going to be wanting lending and they want yields on it. Because if they're investing for bitcoin in.

[B]

The long run, you don't just want it sitting there.

[A]

Or do you? I mean if you're greedy and looking.

[B]

To earn a yield versus just, you.

[A]

Know, getting your 100 to 200 annualized returns on bitcoin.

[B]

I mean to each their own.

[A]

But they say you want to be able to have liquidity, you want to.

[B]

Be able to have death with your assets. You want your assets to actually generate profit. Well guess what? Unrealized profits still a profit once you realize them. Just point out the obvious. That's how we're going to build the next level of finance for the biddy by allowing institutions to get their part of the market on chain. Every TBTC minted is verifiably back one to one by the biddy with no middleman or custodian risks. By implementing a threshold rule where at least 51 out of 100 bitcoin node operators must sign the transaction for it to be valid, it could empower more than 500 billion in institutional well held Bitcoin and move into Ethereum Arbitrum based Polygon Sui and other blockchains to chase the D5 opportunity. Threshold has seen over 4.2 billion and out and sorry volume across its TBDC bridge since it launched five years ago. Let me know if you've ever heard of it or used it. It competes with Rap Bitcoin and ran BTC which have seen far more trading volume than Threshold but operate on a more centralized model to move Bitcoin across the blockchains. WBTC made a move on its own Thursday, expanding the Hedera to bring more liquidity Bitcoin tokenization opportunities to the high speed chain. Insane in the membrane, insane in the brain.

[A]

All right fam now for our next story of the day. SEC Chair unveils Project Crypto Plan to classify Digital assets and in perpetual securities label we're talking Paul Atkins just announced Project Crypto major shift to clarify crypto.

[B]

Regulation under existing security laws. Speaking at the Federal Reserve bank of Philadelphia, Atkins said the Commission will soon propose a token taxonomy based on the Howie test. Oh good lord, we're still using the Howie test. Atkins says most crypto tokens are not securities, rejecting the idea that a token sold in an initial investment contract remains a security forever. Quoting them here, Commissioner Pierce has rightly observed that while a project's token launch might initially involve an investment contract, those promises may not remain forever. Networks mature, code is shipped, control disperses, the issuer's role diminishes or disappears.

[A]

At some point, purchasers are no longer.

[B]

Relying on issuers essential managerial of efforts, and most tokens now trade without any reasonable expectation that a particular team is still at the helm. In short, a token is no more security because it was once a part of an investment contract transaction, then a golf course is a security because it's used to be a part of a Citrus Grove investment scheme. Once the investment contract can be understood to have run its course or expires by its own terms, the token may continue to trade, but those traders are no longer security transactions simply by virtue of the tokens origin story. Atkins says that the proposed crypto investment categories include digital commodities, digital collectibles, digital tools and tokenized securities.

[A]

Blockchain traded stocks, bonds and he says those will remain securities. Atkins says the SEC is drafting exemptions for investment contract tokens to trade on CFTC or state regulated regulated platforms. As for crypto fraud, Atkins says the agency will also prosecute bad actors, but he believes innovation should face clear rules and not obstruction, quoting them here importantly, this does not mean that fraud is suddenly acceptable or that the Commission's interest has waned. Anti fraud provisions can still apply to misstatements and omissions made in connection with the sale of an investment contract, even when the underlying asset is is not itself a security. And of course, to the extent tokens are commodities and interstate commerce, the CFTC also has anti fraud and anti manipulation authority to pursue misconduct misconduct of the.

[B]

Trading of these assets.

[A]

And what does it mean? It means that we will align our rules and enforcement with the economic reality that investment contracts can end the networks.

[B]

And can stand on their own. And there's the latest regarding the authority. Respect my authority. Yeah, I mean, about time.

[A]

We all know that war on crypto lasted up until the Biden administration. Ultimately vominos and the Trump team took over. The rest is history. All right, fam Next Story of the day Chainalysis says pig Butchering is becoming a National security threat that's right, the multi million dollar scam. Let me know if you heard of it. Pig butchering, once treated as consumer fraud, has crossed a new threshold, prompting concerns over national security. In a new podcast chain, Alice's head of national security intelligence and former prosecutor, founder of the cross sector anti scam nonprofit Operation Shamrock, discussed how the pig butchering is becoming a threat to national security, quoting them here so if anybody.

[B]

Is touching money in any way, you're.

[A]

A part of this, so you need.

[B]

To be prepared to understand the threat and the gravity of what's happening on.

[A]

A national security level, he said, highlighting the importance of education and awareness in combating crypto scams. A pig butchering scam is a long term fraud strategy in which criminals attempt to establish trust with a victim, often.

[B]

Through romance or friendship, before steering them into a fake crypto investment platform and then draining their funds. In the podcast they discuss how fraud rings across Southeast Asia operate dormantly style scam compounds while trafficked workers contact unsuspecting victims, foster trust through romance, and then push them into fake crypto investments with the goal a draining their funds. For example, in 2023 the Department of Justice sees 112 million in crypto linked to pig butchering scams. And then in February, Chainalysis said pig butchering scams increased by almost 40% year over year in 2024 with overall crypto scam revenue exceeding 9.9 billion. In addition, one under reported area of pig butchering is that victims are often hit twice. The duo said in the podcast that after the initial scam, victims sometimes receive follow up contacts on fake recovery. Yeah, once you're on their radar, they're Never going to leave you alone because if they duped you once, they can probably dupe you twice. Once this happens, you'll be put on the list. Precisely what I would imagine how that works.

[A]

Now, how are the authorities stepping in? With the scams having a much wider impact, governments are stepping in. November 12, the DOJ announced the formation of a scam center strike force.

[B]

About time.

[A]

I'm sick of these scams. Personally to target Chinese linked transactional criminal organizations behind the crypto investment fraud in Southeast Asia. Also red flags to watch out for fam. Like many scams, there's ways to spot the pig butchering scam. The scam often involves manipulating feelings, which means someone expressing strong feelings for you too quickly through online channels, especially without.

[B]

Meeting maybe a scam.

[A]

So if you randomly get a message from Michael Saylor and he says send me one dick when I'll send you.

[B]

Back to scam red flag.

[A]

In fact, if any influencer ever private messages you 99.9999 chance it's a scammer. It becomes more suspicious if whoever you're in touch with refuses to share personal information or professional credentials. So just by default, just assume everything is a scam because practically everything is a scam. Everything is fraud. They get a percentage of the fraud. As Max Kaiser once said, this is the business model. But let me know if any of you guys ever been impacted by any.

[B]

Of these scams or have been duped.

[A]

I've. I have been duped. Earlier this year I fell for a phishing scam.

[B]

I got an email from X, allegedly, but it wasn't X.

[A]

And I clicked on it too quick. I logged in, they snatched my credentials, locked me out of my account and.

[B]

Created a nightmare situation for me.

[A]

It took an entire month to get my account back. That was after they launched coins on.

[B]

Pump Fun trying to scam my audience.

[A]

You don't want to go through that. All right, fam. Now for our feature story of the day. We got a couple of headlines. Trump family linked American Bitcoin post Q3 profit doubles revenue. And then also a little throwback of Eric Trump believing bitcoin will reach a million dollars. But first is first let's discuss this. American Bitcoin doubling the revenue. That's right. Bitcoin miner American bitcoin reported a third quarter profit. Said the revenue more than doubled from the year earlier period as it expanded its mining capacity and completed its first full quarter as a publicly traded company. Net income at the Miami based company, 20% owned by the Trumpster. That's Trump Jr. And Eric Trump rose 3.47 million, a turnaround of 576,000 lost the year before and revenue surged fivefold to 64.2 million according to the latest SEC filing. American Bitcoin became a standalone public entity after completing the merger with Gryphon Digital Mining and spinning out from Hut 8's mining operation. And it currently retains 80 80% stake. Hut 8 so they partnered with the Trump family. Shares of the company slid as much as 13% in pre market trading as the price of bitcoin Bitcoin fell and we just had the second largest bitcoin liquidation event literally now during the quarter American Bitcoin added 3,000 Bitcoin to take its total 3,418 Bitcoin and now has 44 according to their latest announcement that corresponds to 432 Satoshi per share, a satoshi being the smallest denominated denomination of Bitcoin. One Bitcoin can be divided by 100 million sats and as of today you can get over a thousand thousand sats per dollar. Consider that a blessing. BTFD you already know mining capacity expanded roughly 2.5 times in the period to 25 exahashes per second with the fleet averaging a 16.3 joules per terahash. Now we discussed the bearishness and yes the massive correction Obviously we just tapped 94. How low will she go? You got to let me know. But now a little bullishness. Eric Trump did say many times this year including a couple of months back that bitcoin he believes is going to.

[B]

Reach a million dollars. That's right.

[A]

He also did an interview with the.

[B]

New York Post and he stressed bitcoin and crypto are the new financial trend.

[A]

And the financial institutions are all hopping.

[B]

Onto the crypto train, the bitty train awakening the demand for the asset class. That's right, you can't tariff the bitties. Trump self declared hard asset guy revealed.

[A]

He had turned to crypto as a.

[B]

Result of the debanking of his family. Due to the conservative beliefs.

[A]

For this reason and how bitcoin solves the current problem of the fiat system.

[B]

Eric predicts bitcoin will have an explosive growth soaring on the wings of interest rate cuts during Q4.

[A]

Quoting them here.

[B]

The future is bright. The future is incredible. I think the fourth quarter of this year, which we're currently in the thick of is going to be unbelievable for a host of reasons Trump assess but little did we know his father would shut down the government. But jv his father didn't shut down the government, you know, collateral damage. Well, we'll get to the bottom of that. He also believes bitcoin will surpass a million dollars due to the implicit value. And I think we'd all agree with that.

[A]

But the million dollar question remains.

[B]

When do we 10x from 100g's and hit this million dollar price point? You guys gotta let me know your.

[A]

Thoughts and I'll read your comments out loud. And again. Welcome everyone to the Q A segment of the live stream. And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q A. And I look forward to seeing you on tomorrow's episode. Hoddle.