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2167: JPMorgan Calls Bitcoin Bottom – Predicts $28.3T Shockwave as Saylor Says 'We Are Buying'
00:31:41
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- [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.
- [00:26]
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- [00:54]
JV
Us Welcome Bitcoin Fam to the number one Bitcoin pod. Bitcoin holding on at around 96 at the time of the we did flash crash to around 94 yesterday. In today's show we'll be discussing Bitcoin hitting the six month low as AI fears add to risk off mood. We'll also be discussing what happens to Satoshi's 1.1 million estimated bitcoin stash if quantum computers go live. We'll also be discussing Rich dad Robert Kaki says cash crunch is driving the crash and stays bullish on bitcoin and gold. Also, volatility is your friend, says Eric Trump, not bothered by Bitcoin's crypto carnage. We'll also be discussing we are buying, declares Michael Sailor, denying the reports and FUD of Strategy dumping their BTC. That's right, Strategy still has over 640,000 of the bitties. Also big news today. JP Morgan just called the bitcoin price bottom predicts a massive $28 trillion goal challenge next year in 2026. We also be taking a look at the overall crypto market. All this plus so much more right here on Sat Stack and Saturday. Let's kick this mofo off. If you guys are new to the Rumble important smash likes give us a follow and hit that repost over on.
- [02:21]
Nipinator
X the handle BTC News alerts. You'll notice it pinned at the very.
- [02:24]
JV
Top today is pod episode 2167. I'm your host JV. We're in the thick of it.
- [02:30]
Nipinator
We're in the middle of November.
- [02:32]
JV
What's supposed to be bull but has been the bear thus far this month, however, we're still in the thick of.
- [02:39]
Nipinator
It and anything can happen and we're.
- [02:41]
JV
Currently sitting at roughly 96 at the time of the live stream. I'm your boy jv alongside the Fed.
- [02:47]
Nipinator
Chair, the one and only Nipinator keeping them nip.
- [02:51]
JV
But here's what we're going to do. Let's kick it off with our market.
- [02:54]
Nipinator
Watch as we do each and every day. Pulling up my screen here, we'll start with coin 360. You should be able to see right.
- [03:03]
JV
There you can see bitcoin holding on to 96 GS up roughly 0.29% on the day.
- [03:09]
Nipinator
Ether just flipped in the green.
- [03:12]
JV
XRP in the red correcting down 2% on the day. Tron and Cardano in the red mixed bag across the board, the big gainers. The Z Cash has been doing quite a bit phenomenal along with the other privacy coins for this more recent times when everything's been correcting, they've been a ripping probably leading the pack. As far as top 100 cryptos, as far as monthly gains and annual gains, I know it was up over a th percent for the year, which is pretty wild. Checking out coin market cap.com the current crypto market cap is sitting at 3.26 trillion. Uh, the Bitcoin specific market cap $1.91 trillion. You can see the crypto Greed and fear index today is a 16. Let's check out the top 100 crypto gainers past 24 hours. Telcoin, which is the telegram token. It's up a whopping almost 18 on the day, 94 on the week. Decred is up 16 on the day, 42 on the week and Myx Finance up 13 on the day and 9% for the week. And checking out the infamous crypto bubbles, you can see we'll start on the daily and we'll work our way backwards. No, I don't want to sign in for the why does it even ask me this? No, no, no, let me try to refresh. That might do the trick. It did good. But as you can see the bulk of the market red circles all around. But notice JV's in the the impenetrable firmament circle which is the bitty orange. How do you like those apples? But yeah, only a handful in the green today. As far as respectable gainers and Z Cash. Monero D Decred and tell Checking out the weekly you crypto bubbles. So you mean to tell me anytime I switch from daily to weekly to monthly, you're Going to ask me to sign in and connect a wallet? No, thank you.
- [05:03]
Nipinator
But I digress.
- [05:04]
JV
Holy.
- [05:04]
Nipinator
It dropped even lower.
- [05:06]
JV
This is the lowest we have ever seen it. I just updated, it's a 10. The crypto greed in for index is officially at 10, the lowest we've seen it all year as our oracle verified. This is the first time we dropped below 20. Yesterday was a 16, as you can see on the screen screen and today is a 10 again. Silver lining. The lower this number goes, the more likely that the bottom is either in or very close to being in and we can start ripping like a new Scotty Pippin. Last week at 20 and last month at 28 in fear, fear.
- [05:35]
Nipinator
Nothing but fear itself.
- [05:37]
JV
But checking out the infamous time chain calendar. Today we're on block height 923781 and you can exchange one fiat monopoly dollar for 1045 SATS. So you know precisely what to do. You pick up the sats, put down the gats, pick up some bitcoin caps from my man sergio over@bitcoincaps.net copy yourself a custom Bukele Nomics exclusive just like this. But yeah, next up we'll do our ta AKA Astrology for the baddies. And this time we're going to start with the charts. This is the one hour. You can see it right here in your screen. Big old red corrective candle. In fact there's quite a few unfortunately. But we do have a bull target sitting at a hundred thousand. A hundred thousand eight hundred to be more precise. That's on the hourly chart, you know, at the current moment in time. Checking out the four hour. Also a couple of red candles printed last unfortunately. Also there's a bull sitting right at price discovery level, you know the all time high we achieved first week of October it was 126 3. Well there's a falling wedge bull target on the four hour right there at 126. I say send it, let's get it. And you can see it's descending as well in our channel, which means, you.
- [06:53]
Nipinator
Know, we may crack lower.
- [06:55]
JV
Checking out the daily here you can see finally a little recovery after 1, 2, 3, 4 massive corrective days and including a massively corrective day which I was told was the second largest crypto liquidation event ever. And I think number one is still on Chandy 1010. It was October 10th. We have the, the largest cascading liquidation.
- [07:20]
Nipinator
Event but finally in the green on the day.
- [07:22]
JV
But it's so minuscule we need to climb a lot higher to, you know, get back where we were. Get at least back above the critical psychological support of which is now resistance at 100 GS. Two targets sitting on the daily again, one's in price discovery 1265 and then there's a super bear target that only Peter Schiff would dare say out loud. So we skip that and checking out the weekly Tomorrow is Sunday so we'll.
- [07:49]
Nipinator
Get a weekly close and it's not looking good man.
- [07:52]
JV
This is supposed to have been our big run up month where historically we get 40 to 50 gains in the month of November. However this is the biggest red candle all year. Just about not good. And yeah, last week was cracked of red, the week before that cracked of red.
- [08:09]
Nipinator
And this week is going to be even better. Bigger corrective red, no bull targets on the weekly Taking a quick glance at.
- [08:16]
JV
The monthly similar concept obviously November and October, which are historically the most bullish. We should have collectively seen a 70% gain, but instead we've had a massive.
- [08:26]
Nipinator
Correction and clearly the government shutdown did not help whatsoever. And even with the government shutdown now officially over, markets are still recovering clearly.
- [08:37]
JV
So yeah, this headline reads Bitcoin Hit.
- [08:40]
Nipinator
Six month Low as the AI fears add to the risof mood, how are.
- [08:43]
JV
The pro traders position?
- [08:45]
Nipinator
Well, let's take a look after Bitcoin, down 11% since Monday fall into a six month low of 94, 590. The local bottom Bitcoin derivatives continue to signal the weakness even as several large tech names posted similar declines during the week.
- [09:00]
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- [10:27]
JV
B R-I K.com Traders are now asking.
- [10:31]
Nipinator
Whether the market has already found the floor and what must happen before the confidence returns. The pullback literally erased 900 million in Bitcoin leverage long positions equal to less than 2% of the total open interest. And if you're trading with leverage right now, it's a crazy gambling play. Because there's such large swings and volatility, virtually everyone's getting liquidated. And the more leverage you trade with, the more likely you get liquidated. It's pretty simple. The bitcoin futures premium held near 4% on Friday, unchanged from the prior week. And although still below 5% neutral line, the metric moved off the 3% lows seen earlier in the week.
- [11:11]
JV
Meanwhile, the whales and the market makers increased their long positions at Bance since Wednesday. And Janet Yellen still has a number two in her pants buying a dip as below slid to 100 GS. Yeah, we lost 98 support and that's.
- [11:25]
Nipinator
Why we're where we're at right now.
- [11:27]
JV
Meanwhile, the AI sector worries drive correction as trader the risk amid the economic uncertainty. The two day 1.15 billion of net outflows at a Bitcoin ETF obviously has not help whatsoever, even though the amount represents less than 1% of their total assets under management. And on top of that, their cell pressure from a single 2011 Bitcoin holder adding to the fear and uncertainty. And again, we just dropped to a 10 in the crypto greed and fear.
- [11:54]
Nipinator
Index, the lowest number we have seen all year.
- [11:57]
JV
Also, Multiple companies valid at 20 billion or more have posted losses of 15% or greater since November 5th.
- [12:04]
Nipinator
And that includes all these big names here.
- [12:07]
JV
A lot of the microchip companies, the odds suggest traders will continue to deres or de risk and derest in favor cash until there's more clarity on the economic outlook. And as a result, bitty price remains under pressure. It's like Seagal under siege. Next headline here, what happens to Satoshi's 1.1 million bitcoin stash if there is a quantum computer that can actually hack these honey pots. Now, my understanding as well, obviously Satoshi doesn't just have one wallet. I heard rumors that's like 50000 but tens of thousands of wallets collectively. And every time he was getting the block rewards back in the day they.
- [12:48]
Nipinator
Were going to different wallets and they've remained untouched.
- [12:51]
JV
And if I was a hacker building a supercomputer with these quantum computing, you know tech. Naturally you go after the honey pot.
- [12:59]
Nipinator
Who'S holding the most.
- [13:00]
JV
And this is why it becomes a security risk. Flexing your proof of reserves. If you're using one Bitcoin wallet hypothetically, you have access to $100 billion or something insane.
- [13:11]
Nipinator
You can only imagine all the bitty pirates out there looking to seize those bitties.
- [13:16]
JV
But yeah, Satoshi's estimated 1.1 million. Bitcoin, often described as the crypto world's ultimate lost treasure, sits on the blockchain.
- [13:24]
Nipinator
Like a dormant volcano. A digital ghost ship that has not.
- [13:27]
JV
Seen an on chain transaction since its creation.
- [13:30]
Nipinator
This massive stash is currently worth 67 to $124 billion. Satoshi may become the first trillion area the biddy price continue to do what it do.
- [13:42]
JV
But for a growing number of cryptographers and physicists, it is also viewed as.
- [13:46]
Nipinator
A multi billion dollar security risk. The threat is not a hacker, but a server breach or a lost password. It is the emergence of an entirely new form of computation better known as quantum computing.
- [13:59]
JV
So why Satoshi's early wallets are quantum targets?
- [14:03]
Nipinator
The reasons I just explained to understand the threat important to recognize that not.
- [14:07]
JV
All bitcoin addresses are created equal.
- [14:09]
Nipinator
The vulnerability lies in the type of address Satoshi used in 09 in 2010. Most Bitcoin today is held in public to public key hash addresses.
- [14:18]
JV
You know there's been their segwit so they say there's the newer segwit ones.
- [14:22]
Nipinator
Which are more safer from the quantum attacks. So if Satoshi's never moved his bitcoin, maybe they're in the weaker, easy to crack, you know, algorithms. Those are the ones segwits begin with the BC one. And typically on wallets such as a.
- [14:39]
JV
Treasure, you can choose if you want a native segwit address or this that. They all have their own pros and cons naturally. Think of it like a bank's Dropbox. The address hash is the mail slot.
- [14:51]
Nipinator
Anyone can see it and drop money in.
- [14:53]
JV
The public key is the lock metal.
- [14:55]
Nipinator
Door behind the slot. No one can the lock or its mechanism. The public key is the lock and is only revealed to the network when one actually makes a transaction unlocking it. Satoshi's coins however are stored to much older peer to peer addresses. It is this legacy format. There's no hash. The public key itself. The lock in Our analogy is visibly and permanently recorded on the blockchain for everyone to see. So how Shore's algorithm let correct quantum machines break Bitcoin? Allegedly. Let's dive in here. Bitcoin security model is built on ecdsa. Its strength comes from a one way mathematical assumption. It is easy to multiply a private key by a point on a curve to derive a public key. But it's essentially impossible to take that public key and reverse the process to find the private key. This is known as the elliptic curve discrete logarithm problem. Let me know if you ever heard of it. But these things are getting scary. Look at this. This is I guess the super computer that can tap into virtually anything. But we'll see a quantum computer would not guess. It would calculate the tool for this. Shore's algorithm, a theoretical process developed in 94. A sufficiently powerful quantum computer, an attacker would not need to hack the server. They can simply harvest the exposed P2PK public keys from the blockchain, feed them into the quantum machine and wait for the private keys to be returned. They can then sign a transaction and move Satoshi's 1.1 million coins. But now the question remains. How close are we to this day? Q day Interesting.
- [16:31]
JV
Is a hypothetical moment when quantum computer.
- [16:34]
Nipinator
Becomes capable of breaking current encryption. For years it was considered a distant 10 to 20 year problem. But that timeline is now rapidly compressing. The reason we need 1 million physical cubits to get to 200 or 2,330 logical ones in quantum error correction.
- [16:50]
JV
Cubits are an incredible range.
- [16:52]
Nipinator
Fragile, noisy, sensitive. Even slight vibrations, temperatures, changes, radiation can cause them to dec and lose their quantum state. So it seems they still got a long ways to go.
- [17:03]
JV
Why?
- [17:03]
Nipinator
Millions of bitcoin are exposed to quantum attacks. A 2025 Human Rights foundation report found 6.5 million bitcoin vulnerable. Jeez. Satoshi's wallet being the biggest prize, or as I refer to as the honey pot quantum vulnerable Bitcoins over time and you can see the numbers in increasing. How could bitcoin switch? Can it to a quantum? Absolutely. But it would require those holding the bitcoin to move it to a higher security, you know, cryptographic protocol clearly. So in this example if Satoshi could never move it. Cuz let's hypothetically say Satoshi is no longer here with us and has ascended into the heavenly realm. You know that always remains a vulnerability. But what are your thoughts? Do you think any quantum computing will hack Satoshi's original wallets? If not in this decade, potentially next decade. Do you think they'll eventually figure out? Let me know your thoughts and I'll read those comments out loud.
- [18:04]
JV
Headline here reads Rich Dad Robert Kiyosaki says cash crunch is driving the crash.
- [18:10]
Nipinator
Stays bullish on Bitcoin and the gold.
- [18:13]
JV
Shout out to the ridged ad quoting him here the everything bubbles are bursting, he said on a Saturday post introducing.
- [18:19]
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- [18:46]
JV
Or cancel contact us hey Ryan Reynolds.
- [18:50]
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- [19:18]
JV
See mint mobile.com that's right, right here on SAS stack and Saturday, adding that the real reason the markets are failing is the global cash shortage, the cause of the market's crashing in the world.
- [19:27]
Nipinator
Is in need of cash.
- [19:29]
JV
That's right, everyone's broke. Broke is a joke. Kiyosaka said the experts or expect what he calls the big print, citing Lawrence Leopard's thesis that governments will resort to massive money creation to cover the mountain debt loads. The bug print is about to begin, which will make gold, silver, bitcoin and ether more valuable as fake money crashes. He advised those who need cash to consider selling some assets, claiming most panic stems from liquidity needs rather than conviction. In a follow up post, Rich dad doubled down on his long term stance. He says I'll buy more bitcoin when the crash is over. He also encouraged users to form cash.
- [20:09]
Nipinator
Flow clubs built around his board game, saying that learning together helps people avoid mistakes.
- [20:15]
JV
Meanwhile, crypto influencer Mr. Crypto noted Bitcoin greed and fear index plummeting to 16 and we just plummeted again today all.
- [20:22]
Nipinator
The way down to 10 as the trend continues, continues. They say the trend is your friend.
- [20:26]
JV
But Sant is urging traders to be cautious as social media fills with claims that bitcoin has already bottomed. The analytics firm said widespread confidence in a market floor open proceeds or often.
- [20:39]
Nipinator
Proceeds further declines known in Bitcoin briefly dipping below 95. We tapped 94 on Friday, sparking a.
- [20:45]
JV
Wave of posts suggesting the worst is over.
- [20:49]
Nipinator
Let me know if you agree disagree with Santiment and with these analysts and.
- [20:52]
JV
Rich dad, but all right fam Next story of the day Volatility is your friend, says Eric Trump not bothered by Bitcoin or the crypto carnage. And that's right, the Trumpster son of the POTUS talking Eric and co founder of the American Bitcoin bitcoin mining firm is undeterred by the recent downturn of the crypto market, saying the volatility is the cost of achieving outsized returns. 100%, he says. I think volatility is your friend, trump told the Wall Street Journal in a recent interview as bitcoin briefly fell below 95. So this is him talking at the bottom and stood about 25% lower than its all time high when it hit the firmament. The turbulence has been the worst in the altcoin segment with major assets down from 5 to 11%, part of the weakness that began on the Big Ten 10 crash, the largest crypto liquidation event we've ever seen, which wiped out $19.
- [21:43]
Nipinator
Billion in leverage positions.
- [21:46]
JV
Again, that's why trading with leverage is extremely risky now. Overall, the crypto market has shed more than a trillion. That's nuts. In combined market cap from the peak. Want to know why it's nuts? The markout was only three trillion, maybe three and a half trillion. Fort did we hit four trillion. So to lose one third or one.
- [22:05]
Nipinator
Fourth is pretty significant.
- [22:06]
JV
And you can see here Trump linked American Bitcoin more than doubled Q3 2025 revenue to 64 million. That was actually my featured story yesterday. If you missed the pod, be sure to check that one out. We discussed the earnings report for American Bitcoin and we also discuss his bullish trajectory of why he believes bitcoin will reach a million per coin regardless of the corrections and crashes like BlackBerry molasses. Now he also says anybody who can't embrace volatility in crypto should probably get out of it. Sage advice if you're to ask me. It's actually a great opportunity for us to buy. Couldn't agree more. Trump is at least putting his philosophy into practice. American Bitcoin the mining company he leads went public earlier in the year through a reverse merger with Griffin Digital Mining.
- [22:52]
Nipinator
Adding more than 3,000 of the B.
- [22:54]
JV
In the third quarter, bringing the total holdings over 4,000 BTC. Trump has reportedly emphasized increasing the company's bitcoin reserves, prioritizing metrics such as the bitcoin per share ratio, which he argues.
- [23:07]
Nipinator
Will ultimately strengthen the shareholder value.
- [23:09]
JV
The move comes amid Trump's administration push for the broader crypto adoption, highlighting by.
- [23:15]
Nipinator
The January executive order on digital assets.
- [23:18]
JV
The creation of the federal Working Group on the Crypto markets and the passage of the key stablecoin legislation. Yet the value of bitcoin is little.
- [23:25]
Nipinator
Change from its January 1st price. And that is what's ironic here, that with all the adoption from governments and executive orders and strategic, you know, reserves were still practically below where we were a year ago. That's insane in the membrane, insane in the brain.
- [23:48]
JV
Next story of the day. Speaking of the giga Chad himself, he says we're buying Sailor denies reports a strategy dumping a bitty and that was like the most popular tweets on X yesterday was sailors dumping his bitcoin. And he responded to the fun. He said the I am, I'm paraphrasing but yeah Executive chair Strategy denied reports that the company was offloading the babies on a Friday expo. Sailor said there was no truth to the report, just FUD claiming the FUDsters claim Strategy reduced its overall Bitcoin holdings by 47 000. So no they did not dump 47000.
- [24:24]
Nipinator
Bitties which would be valued at 4.6 billion.
- [24:26]
JV
Sailor said the company was continuing to buy bitcoin as the price drop by more than 4% in the last 24 hours. So he said not only is it we were stacking sats like as Max and Stacy, I think the volatility comes from within the territories that if you are going to be a bitcoin investor you need a four year time horizon and you need to be prepared to handle the volatility in this crazy market. And although Strategy remains the company with the largest bitcoin treasury by a long shot by the way 640,000 bitties, it has seen its dominance decline as others enter the market. Crypto exchanges like Coinbase and Meta Planet Bitcoin treasury companies out purchase strategy on of bitcoin in October. That's right Strategy did slow down significantly.
- [25:10]
Nipinator
Compared to earlier in the year but.
- [25:11]
JV
So have a lot of the big asset management giants and that's why the ETFs have so many outflows it's because there's so much uncertainty. The government shutdown didn't help and there's a lot of shenanigans going on.
- [25:21]
Nipinator
As always.
- [25:22]
JV
Now, the share price of strategy stock in the NASDAQ declined. The exchange showed the price price fallen to 205 bucks, a drop of more than 17% the previous five days. Meanwhile, the US government shutdown ended, but no significant bitcoin surge. And I want you to tell me.
- [25:36]
Nipinator
Why you think that may be.
- [25:39]
JV
Now for our feature story of the day. This is actually a Forbes article and it's very rare I read articles from Forbes, but the headline got my attention. JP Morgan just called the bitcoin price bottom predicting a massive 28.3 trillion goal challenge next year in 2026. That's right, they've been keeping up with gold. It recently hit a new all time high of like 4, 400 an ounce and it even hit around 30 trillion market cap before pulling back and losing 3 trillion or so. But still, even at 28 trillion, Bitcoin has quite a ways to go to surpass gold. But that's precisely what the experts, including.
- [26:15]
Nipinator
JP Morgan Chase are predicting.
- [26:18]
JV
Check it. The video price which remains slightly up from this time of year late last.
- [26:24]
Nipinator
Year or maybe even slightly down now.
- [26:27]
JV
With this recent correction since we broke below 100 GS has struggled to maintain his 2024 election velocity. But that's right, we did have so much momentum when Trump kicked off the.
- [26:38]
Nipinator
Year as our potus.
- [26:40]
JV
But now, as Goldman Sachs issues a Federal Reserve warning over the state of the US economy, analysts with Wall street.
- [26:46]
Nipinator
Giant JP Morgan Chase, everyone's least favorite.
- [26:50]
JV
Banking cartel in the United States called the bitcoin price bottom reiterating 2026 price prediction that can see the Bitcoin challenge goals $28 trillion crown.
- [26:59]
Nipinator
Here's the deal. If bitcoin overtook gold as far as market cap is concerned, you just run the math just very simply. If simply is a word I don't even know. But it's quite simple. Right now, bitcoin market cap ball park is 2 trillion. And if gold is close to 30 trillion, that's a potential 15x. A 15x would probably take us to like 2.2 million per coin.
- [27:25]
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- [27:54]
Nipinator
Mobile.com the high priestess projection and look at the Trumpster right there. He means business.
- [27:59]
JV
The bitcoin production cost has empirically acted.
- [28:02]
Nipinator
As a floor for the bidding. So a 94000 production cost implies very limited downside to the current bitcoin price. I dare say this is the least risky time you could have ever bought bitcoin because of how far we have came. I mean it's not really a risk if you're looking to hold this for the long haul. Granted there's risk in crossing the street to get to the other side, but the point is it's already attained in my opinion. What I refer to as the escape velocity. And bitcoin is more likely to go to 10 million per coin then to go to zero is talking Dan Pena illfully predicted years back. Remember the old man, if you knew who created bitcoin you'd sell everything. Want to know who created it? It was Putin.
- [28:47]
JV
Putin spreading the Russia gate fud for Christ's sake. But anyways, the bitcoin price dropped sharply to just over 94,000 per bitty this week from an October peak. And that's what's so insane. Talk about volatility. That's practically a 30 drop just in.
- [29:03]
Nipinator
Like a month, right?
- [29:04]
JV
We went for the all time high.
- [29:06]
Nipinator
To the lowest part of the year within 30 days. If that's not volatility, I don't know what is.
- [29:11]
JV
But now the JP Morgan analyst led by managing director Nick Collas Nicholas would have called the precise race and bottom. Sure they all say that Bitcoin's estimated production cost is the calculation how much bitcoin so called cost to produce from the miners who secured the network through the computational power. Earlier JP Morgan analysts wrote that the bitcoin to gold volatility ratio drifted lower implying a theoretical bitcoin price of a close of 170 G's. Oh that's right.
- [29:38]
Nipinator
We covered that earlier in the week.
- [29:40]
JV
So for a banking cartel, the largest.
- [29:43]
Nipinator
In the United States, suggesting the real.
- [29:46]
JV
True intrinsic value of bitcoin right now is 170.
- [29:49]
Nipinator
What does that tell you? It's like buy one get one free right now. Bogo bro.
- [29:53]
JV
It's like shopping at Walmart.
- [29:55]
Nipinator
Take advantage of it. Stack the bitties.
- [29:57]
JV
Gold has rocketed to 28 trillion.
- [30:00]
Nipinator
Yeah, hit closely 30 trillion on the.
- [30:02]
JV
Mechanical exercise implies significant upside for bitcoin.
- [30:04]
Nipinator
Precisely. So if we were to overtake gold and it did happen as they're suggesting in the year 2026 EX extended cycle theory in full effect million dollars be very reasonable if that happened. The gold price has surged this year as you know Peter Schiff. I already reported doing backflips bingo night with the homies in Dorado Beach. The goal boosting the basement trade has been exasperated by President Trump spending plans continue push for the Federal Reserve interest.
- [30:33]
JV
Rate cuts and loose monetary policy.
- [30:35]
Nipinator
Loose as a goose now. Trump increased the U S Government spending, cut the federal taxes and his big beautiful bill passed by Congress this summer resulting in heavier reliance on borrowing to fund the annual spending as he targets growth to escape the debt death spiral. And also earlier in the month Tesla billionaire Mr. Elon Musk warned it is not possible to solve the US debt crisis without growing the economy at a fantastical pace. And if you don't know now you know there's the latest and greatest what's happening in the markets. Welcome everyone to the Q and A segment of the show. Let me know your thoughts surrounding that Forbes article and how realistic in your humble opinion. Bitcoin surpassing the market cap of gold either next year or within the next five years by the top of the decade. I think it's very realistic but I want to know your thoughts and I'll read them out loud.
- [31:31]
True Grit Narrator
Ride or die warrior Zero to hero Ride or die let's go.
- [31:51]
True Grit Rapper
Me.
- [31:59]
Nipinator
Dust.
- [32:00]
True Grit Rapper
In my lungs fire in my chest Bitty in my blood I can't rest I store mine safely in a yeti ice chest.
- [32:11]
True Grit Narrator
They said I P when the nights got long But I stacked in the cold and proved them wrong.
- [32:19]
True Grit Rapper
True grit light Wayne what pain? Hold your claim no safety net no bailout plan Just faith and code in a freedom land when the power cuts out and the world throws up thin that's when you see my true grid.
- [32:34]
True Grit Narrator
Bitcoin ready generator steady Solar savvy contributed.
- [32:38]
True Grit Rapper
Lit True grid I hide on my ground BTC pool still roaming around we don't ride bulls, we raise them legit Novembles rising that's True grit True grit out on my ground BTC bulls still roaming around we don't ride bulls, we raise them legit no.
- [33:03]
True Grit Narrator
True grit describes an unconquerable spirit, courage and strength of character to persist through hardship and achieve long term goals. It embodies a refusal to give up despite setbacks and challenges. The mental fortitude that keeps faith and fire alive over time they print that line I'm in my proof stacking sets under a God assign sovereign and roof IG Y6 buy dips letter RIP Tater chip safety in the click click we're flipping in that script by the dip Safety in the clip Every dip just fuels my BTC dragon flame can't shake.
- [33:39]
True Grit Rapper
The faith can't kill this chain no trust on no wall street fix Just cold and courage in my mix I walk through but I don't submit that's a mark of true grin courage ain't.
- [33:52]
True Grit Narrator
The absence of fear it's riding on through it Like John Wayne said you saddle up and do it Boots in the dust dust had tilted just a bit when you stand your ground for true now that's true grit true grit.
- [34:07]
True Grit Rapper
I hot on my ground BTC bulls still roaming around we don't ride bulls, we raise them Legit novembles rising that's.
- [34:16]
True Grit Narrator
True it's not luck, it's not charm it's the callous hands and the cold alarms Cold storage safe on Arkansas farms is waking up when your balance dips.
- [34:27]
True Grit Rapper
And whispering it's Marshall hanging just for Smith diamond hands grip by the bit bitty bitcoin it's going through grip through.
- [34:43]
True Grit Narrator
Blood and sweat you won't forget if I fall again I still submit my faith to God my true grip Never selling bitcoin cause God gave me it Mission complete stack secured Maxi confirmed. Roger out.
- [35:15]
JV
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 the Q and A. And I look forward to seeing you on tomorrow's episode Hoddle.
- [35:37]
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