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Bitcoin News Alerts | Daily BTC Macro Signal
2178: Texas Buys Bitcoin Dip – JPMorgan Applies for BTC Backed Bond as Squeeze Builds
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Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with your name your price tool from Progressive you can find options that fit your budget and potentially lower your bills. Try it@progressive.com Progressive Casualty Insurance Company and affiliates Price and coverage match limited by state law not available in all states.
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Ever notice how ads always pop up at the worst moments when the killer's identity is about to be revealed during that perfect meditation flow on Amazon Music, we believe in keeping you in the moment. That's why we've got millions of ad free podcast episodes so you can stay completely immersed in every story, every reveal, every breath. Download the Amazon Music app and start listening to your favorite podcasts. Ad free included with Prime.
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Welcome Bitcoin fam to the number one Bitcoin pod. Bitcoin recaptured 90 G's baby. In today's show. I'll be discussing the latest TA where the price action is likely heading next. Spoiler alert. Analysts are saying 96100K. Send it. We'll also be discussing strategy Unveils new credit gauge to calm the debt fears after the recent Bitcoin crash. Also shopping app with Bitcoin cash back hits the market before Black Friday as well as Tether's 116 ton gold horde rivals reserves of Korea and Hungary. That's right. Also big news. Texas buys the bitcoin dip acquiring $5 million of black rocks I bit. Also big news today. JP Morgan applies to launch a new Bitcoin backed bond. We'll be discussing all this plus so much more right here in today's show. Today is Pod Episode 2178. I'm your host JV. The good news? Tomorrow's Thanksgiving. We start our holiday early. And number two Bitcoin reclaim 90 GS we need a celebration. It's been a very long time since we hit this type of price level. Biddy up 3000 on the day and as you know I'm your host JV alongside the Fed chair the Nipinator keeping them Nipa Nathan let's kick it off with our market watch as we do each and every day pulling up coin. 360. Good to see everything back in the green. Monero is a big gainer today. What else? Z Cash is a big gainer. So privacy coins doing their thing. But yeah, Bitcoin's up three and a quarter percent today. Ether reclaimed 3,000 which had been suppressed under for a long time. XRP Virtually everything in the Green. It's a dub. Checking out coin market account.com. we did recapture the 3 trillion milestone, I believe yesterday still above 3 trillion, which is another good sign. The bitcoin market cap is just shy of $1.8 trillion and we have 127 billion worth of volume for the past 24 hours. Bitcoin dominance back on the decline currently 58%. It's been ranging really between like 58 and 60. But today we're on the low end, checking out top 100 crypto gainers past 24 hours. Again, privacy coins are doing very well today. Dash is leading the pack of 17% followed by SPX up 12%, followed by Caspa up 19%. Which alts, if any, are you bullish on for the bull holler? And check it out, the crypto Greed and fear index. We return to a 15 as of today, extreme fear. Yesterday 20 and last week a 15 in extreme fear. And the bottom we recently touched was a 10. Let's see if this goes lower or it's all uphill from here. I mean, 100k is right around the corner. We're only a God candle away. And checking out the infamous time chain calendar. As you can see on your screen today, we're on block height 925. 305. And check it, you could receive 1112 sats per dollar. We almost got the 1111 omen. We're one sat off, but close enough. Still a dub. So you know precisely what to do. Yeah, you know, pick up the stats, put down the gats, and pick up some bitcoin caps from a man, Sergio over@bitcoin caps.net and today's episode is brought to you by Cor LLC. Secrets.com forward/crypto. You ever wonder how can I get access to cash? Well, one of the ways is other people's money. The infamous opm. That's right. And did you know that you could build business credit completely separate from your personal credit? And even if you don't already have an LLC or, or a corporation, you can set it up, establish business credit and position yourself to literally borrow hundreds of thousands of dollars worth of cash for as low as 0% interest? This is what the OGs do. To learn more about how to do that, visit the website. It's corp.llc secrets.com crypto watch the video, enter your information and learn how to borrow money like an og. Let's dive into some of the live charts. Yeah. Yesterday we did a pump watch. Late evening we had our four and a half hour Bitty Party playlist we had over a thousand live viewers on when I woke up this morning and I had a feeling we'd have a pump but I really was just doing it to test the new setup. We got the new Mac Mini and I was curious how it would handle a 12 hour live stream and it was good. It's cool as a cucumber but checking it out here on the one hour this is Trading View via Coinbase. You can see we bullish momentum has returned. We did hit 90,000 earlier today and we're on the cusp of it at the time of the live. We do have a green target inverted head and shoulders on the screen sitting at 957 again, 957 in play on the hourly chart. Checking out the four hour big green candle. As you can see right here we love to see well above the moving averages. Another good sign. No particular bull targets. Checking out the Daily we long needed these gains after you can see how many losses we've had on the daily charts the past few weeks. But this week it seems the bulls have returned again. We're at a critical level right now. Hopefully we can bounce above 100 GS and be back in price discovery before Christmas. Let me know your thoughts on that. Checking out the Weekly the weekly chart has been horrific. 1, 2, 34 consecutive weekly red candle closes. Hopefully this is the week everything transforms heading into December. We are in the green thus far even though it's only midweek. Hopefully we can continue this momentum and keep gaining. You also notice there is a rising wedge pattern on the weekly chart. No particular bull targets in sight. Checking out the monthly as you can see right here we do have a massively red corrective bear candle. Unfortunately what's supposed to have been novemble historic 40 gains on average has been a massive loss and we've lost roughly 30% this month when we were anticipating the polar opposite. So good news is November is almost over. And next up, let's dive a little deeper here. Bitcoin eyes rebound in 96 we're 6, 000 away from the current discount zone. Black Friday BOGO buy one get one take advantage of a stack the SATS gift Bitcoin the gift that keeps on giving the peel multiple falls below a1 indicating the miners are generating less revenue than suggesting financial pressure and potential capitulation. And at 0.86 the metric signals undervaluation suggests in the market is pricing Bitcoin below the fair value. The last time this indicator was this low was April of this year when bitcoin was trading close to 75 G's preceding a 50 rally to the previous all time high of 112, reached back on May 22. Now, historically all major correction reversals have started in precisely, precisely these discount regions. As the analyst shares with the fuel multiple again below the range, the market signals that we're entering an opportune moment. It is precisely in these moments of pessimism that a new uptrend begins the form that's right when the consensus is doom and gloom. That's when prelo bitty starts going up forever. Laura and additionally, data from Capriole Investment showed the M VZ Z score, a metric which compares the bitcoin market value to the realized value then adjust for volatility, had seen a noticeable decline drop into a two year low November 22nd. Historically, all the previous bitcoin drawdowns have been accompanied by a notable drop of the MV RVZ score, Now at a 1.13. As you can see alongside the chart, the MVR VZ score is approaching the green line indicating that the Bitcoin USD pair for everyone who solves crime from their couch, knows more about forensics than their own job and has trust issues with small town sheriffs. Amazon Music's millions of podcast episodes are calling. Just download the Amazon Music app and start listening to your favorite true crime podcasts ad free included with Prime. Oh hey.
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Welcome to gift wrapping.
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Whoa.
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So is Saldana.
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Hey, can you wrap these please?
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Wow.
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IPhone 17s.
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You splurged at T Mobile you can get four iPhone 17s on them. The new Center Stage run kick camera is amazing for group selfies. It's the perfect gift for everyone.
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I'm the worst. I only got my mom a robe.
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Well it's better than socks.
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C
So I have to trade in my old phone, right?
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D
No AT T Mobile there's no trade ins needed when you switch. Keep your old phone or give it as a gift.
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C
Incredible.
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D
In fact, wrap up my old phone too for my Aunt Rosa. Forget that, Aunt Liz will be jealous.
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Sounds like my family drama.
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Oh I got it. I'll give it to my abuela. I'll take reindeer paper with hey where are you going?
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To T Mobile. The holidays are better. AT T Mobile get four iPhone 17s on us. No trade in needed when you switch plus four lines for just 25 bucks a line. And now T Mobile is available in US cellular stores with 24 monthly bill credits and four eligible board ends on essentials for well qualified customers bought.
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Okay.
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Plus taxes, fees and $35 device connection charge credits and imbalance due if you pay off early or cancel contact US Finance Agreement 256 gigabytes $830 required visit.
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T mobile.com maybe forming a local bottom? Hopefully the bottom's already in similar levels at the end of the 2023 proceeded an 80% price rally in the fourth quarter back in 2023 I'd love to see an 80% price rally here in December. Send it and let's get it now. Let's dive deeper into this $96,000 target which is suggested right now from some of the analysts. There's a bull flag in play where the price broke above the upper trend line of the flag 872 on Wednesday. Bitcoin's currently retesting this level to confirm the breakout. A successful confirmation would clear the way for a rally toward the measured target and of a flag of 968 which is a 10% rise from the current price. And I I mean another 10% here. We're getting close to 100,000 which we need to recapture. FAM Another argument for the bull case is the positive RSI which increased to 51 from over sold conditions on Sat stack and Saturday, suggesting increased upward momentum. However, Mr. Peter Brandt warned on Tuesday Bitcoin's rebound to 89 could be a dead cat bounce before the traders see another leg downward. But Peter Brandt is notorious for pessimistic outlooks on bitcoin, so nobody cares what the old man has to say, but nonetheless, Cointelegraph always features them, so give them the benefit of the doubt. We'll entertain you Mr. Brandt, but you up again. I'm not forgetting Nipinator indicator the only indicator with 100 accuracy. Nothing else matters. In the end it doesn't even matter. I've tried so hard in the end it doesn't even matter matter I don't know why how hard you try deep down inside I designed this rhyme A little throwback Lincoln park for you guys. What about that? Eat your heart out Karaoke hour Next up, speaking of strategy versus JP Morgan, Strategy unveils a new credit gauge to calm the debt fears after the bitcoin crash. That's right. There's been a lot of speculation, we've been covering it that they may be forced to liquidate their Bitcoin as the largest corporate bitcoin holder in the world because there's some big meeting coming up with the NASDAQ panel supposedly on January 15, and if it doesn't go well, people are doom and glooming. Well, here's Sailor's master plan Strategy Attempting to calm investor concerns about its balance sheet after the recent Bitcoin market downturn and a sharp pullback in the digital Asset treasury stocks strategy as we know, the world's largest corporate bitcoin holder rolled out a new credit rating dashboard based on the company's preferred stock notional value, claiming to have another 70 years worth the dividend payment Runway to service its debt even if the Bitcoin price remains flat. Quoting the Giga Chad here from a Strategy post on X if Bitcoin drops to our 74, 000 average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC rating of our debt. At 25,000 Bitcoin it would be 2x said strategy the move comes as investors grow increasingly worried that falling crypto prices can force Large D into liquidation, adding more selling pressure to an already weakened market. Strategies Dividend Runway and robust enterprise Software cash flow are significantly reducing the liquidation risk for the company, according to Lacey Zhang, a research analyst over at the Bitget Wallet. Quoting her Here, we view MicroStrategy 71 Year Dividend Runway claim as realistic under a flat Bitcoin price scenario. However, long term projections are dependent on several uncertainties including market volatility or regulatory shifts. I am not particularly concerned about near term liquidations for the largest corporate bitcoin holder as their diversified funding and huddle strategy positions them well for sustained growth strategies. Ongoing accumulation, she added, has contributed to broader industry stability and supported deeper institutional adoption. And now Strategies Huddle stance may prevent deeper bitcoin declines, according to some of the analysts, including those from crypto quant Strategies, Strong financials are a positive sign for the next bitcoin bare market. As the world's largest corporate holder, this may save Bitcoin from revisiting its realized price of around 56,000 during the next crypto bare market. Still, some of the leading DATs suffer significant stock crashes and declines in their market net asset value. The M Nav ratio compares the company's enterprise value to the value of its crypto holdings and m nav below A1 makes it more challenging for companies to raise funds by issuing new shares which may limit their crypto purchases. Now here you can see Strategies key metrics, including their M Nav, which is all publicized Strategies M nav stood at a 1.16 at this time, meaning the company could still can still theoretically issue new shares to raise additional capital according to Strategies Dashboard. And there you have it. Yo. Stay tuned. Our feature story. We're going to be discussing big news of JP Morgan applying to launch a new bitcoin backed bond as the bitty wars behind closed doors continue. And we'll go from there. Baby, baby. Who else we have here? If you're just tuning in, be sure to say hi. Hello. As you guys know, this is live and interactive. Yeah. So welcome fam. Trump just confirmed the National Guardsmen that were shot critical condition. And the shooter is also. Oh good. So they found the shooter and they shot him. It's called karma. Talking to Rex or taking a Rex for the walk. He'll be lurking in the background, of course. Shout out to Rex. Nipinator says hi. Are you taking Rex with you to Puerto Rico? Apparently one of the guardsmen were shot in the head. So there was multiples. Multiple shooters. Hopefully they're not patsies and they're the actual shooters. She know. Crazy world we're living in. But crazy crazy and insane. Insane crazy. All the above. Let's check our feedback. Looks like we're up to 300 live viewers. Good stuff. 24 hearts, 24 repost. I dig it. We'll continue spitting the spitting the news. Yeah. Next story. Famine headline here reads shopping app with a bitcoin cash back hits the market before the Black Friday. I thought Black Friday started a week early this year. Apparently not, but anyways, let's discuss this. It says presented by Sakura, so I'm gonna assume this is sponsored content, meaning they paid Cointelegraph to get the feature. But nonetheless, let's digest this with an open mind. You never know. For decades consumer loyalty has been a one sided deal. Shoppers accumulate digital points and closed ecosystems. Precisely. I do this on Amazon. Anytime I make a purchase I get like cash back. And it encourages me to keep using the cards. Get some free rewards. Now the concept could also evolve around bitcoin rewards. And I have a feeling that's what this is going to be about. So let's dissect it. Secura's bitcoin only loyalty program. Nailed it. Boom shakalaka. Allows users to earn up to 15 cash back in Bitcoin. Now that's phenomenal. 15, I think I currently get like 3 or 4%. So 15 is four or five times better than what I'm receiving. And it's in bitcoin, which makes it a hundred times superior than receiving the fiat monopoly dollars. Respect. When shopping at over 500 partner brands including major retailers like Aliexpress, Media Market and Droney, I've heard of the AliExpress.
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It's a massive Ever notice how ads always pop up at the worst moments when the killer's identity is about to be revealed during that perfect meditation flow. On Amazon Music, we believe in keeping you in the moment. That's why we've got millions of ad free podcast episodes so you can stay completely immersed in every story, every reveal, every breath. Download the Amazon Music app and start listening to your favorite podcasts. Ad free included with Prime AI Agents.
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B R-I K.com marketplace I believe out of China. It's like they're equivalent to Amazon. Not familiar with the media market or the droney? Let me know if you guys have heard about it. But anyways, cash back sent directly into the user's own wallet. That's legit. Granting them full ownership over an asset, unlike traditional loyalty points, does not expire. Even cooler. Maybe that'll increase your purchasing power when you decide to use it. Transfers are executed by the authorized crypto asset service provider. You keeping a process fully regulatory compliant and hands off. Good stuff. Now the Bitcoin loyalty program is one component what Secura calls the smart shopping experience. It almost sounds too familiar with Sephora, the makeup spot in the mall. Just saying. But anyways, which combines rewards with payment flexibility and financial control in a single app, Bitcoin Loyalty changes the equation. It offers a universal, non expiring transparent reward that fluctuates over time and finally aligns incentives between consumers and merchants. That sounds pretty lit. Let me know if you guys have ever heard of this app. The app extends Secura's existing flexible payment options. There's 5,000 merchants. Users can split a payment into three interest free installments, pay over a long period of up to 18 installments, or pay at once using the card. Serving as a central control hub, the new app enables users to manage all their purchases with options to modify payment plans and delay a payment after a transaction. So here's the the Four One One this app launches November 11th. Then it means it launched a couple of weeks ago following a series of November updates that introduced a new user interface. And I take it I'm assuming this is maybe out of the UK because they keep showing Euros as an example, so I'm not even sure if this is available in the United States. Fam, an AI shopping assistant, is also planned for a beta launch mid to late November. The assistant, designed to help the users find products based on specific criteria. Interesting Next Story of the day tethers 116 ton gold hoard that's right, they're hoarding 116 tons of gold. They're richer than a lot of countries. It's insane. Rivaling reserves of Korea and Hungary. Insane, right? Stablecoin issuer tether holds 116 tons of physical gold, placing it on par with central banks such as those of South Korea, Hungary and Greece. Tether is the largest holder of gold outside of central banks. Damn. The investment bank added Tether's growing appetite for gold may be playing a larger role in the metal's recent surge than previously assumed. According to Jeff, Tether's gold purchases last quarter accounted for nearly 2% of the total global demand and almost 12% of the central bank purchases. The company said that Tether's aggressive accumulation over the past couple of months is likely to have tightened supply in the short term and influence the sentiment, potentially driving speculative inflows into the gold markets. Investors cited by Jeffrey said Tether aims to acquire another 100 tons of gold this year in the next month. That's nuts. With the company reportedly on track for 15 billion in profit. Good lord. The target appears well within reach, according to the report. So yeah, Tether literally just doubled down on their goal strategy. They also spent more than 300 million this year buying stakes and precious metal producers. In June, it acquired a 32% stake in Canada's public gold royalty firm Elemental Altis Royalties. Let me know if you heard of that one. And in September, the FT reported Tether exploring investments across the goal supply chain, including mining, refining, trading and loyal or royalty programs. As part of the broader push to diversify the reserves. Tether is also issuing Tether gold, its gold back token, launched in 2020 and advertised being supported by bullion stored in a Swiss vault. Blockchain data shows this issuance has doubled over the past six months, with tether adding 275,000oz worth 1.1 billion USD since August. Jeffrey says Tether is betting that tokenized gold will finally find traction to Physical gold is cumbersome for retail investors. Futures carry roll costs and gold ETFs charge relatively high fees. Tether argues that tokenization solves these frictions. Tether's day to day operations mirror several core functions traditionally associated with central banks. It mints and redeems USDT directly for verified customers. It effectively is expanding or contracting supply through its primary market pipeline. It also manages a large reserve portfolio and dominated by short duration US Treasuries along with gold and Bitcoin. The company generates a central bank like income by interest on those Treasuries while issuing non interest baron token. Beyond that, Tether employs policy style tools such as freezing addresses at the request of law enforcement and phasing out the blockchains to reduce risk. So yeah, I mean Tether extremely wealthy now, more wealthy than many countries and central banks as they continue to hoard bitcoin and gold and I don't think they're slowing down anytime soon. Let's continue with Bitty News Big Story. It actually happened yesterday after my podcast. I didn't get to cover this yesterday, so let's dive in. Texas buys the bitty dip acquiring 5 million of the Black Rock Ibit. That's right, the Texas state government has made a major bitty move, snapping up 5 million worth of shares of the Black Rock star spot Bitcoin ETF with another 5 million lined up for self custody Bitcoin buy. That's a total of 10 million. The government made the purchase November 20th. So this was last week with a move highlighted on Tuesday by Lee Bratcher, President of the Texas Blockchain Council. Come on Texas. Bratcher said the Texas government will eventually self custody to Biddy, but it's still finalizing the process. The initial 5 million allocation was made with the Black Rock IBIT ETF. 10 million is allocated from the general revenue, but not all 10 million has been allocated. At least not yet. Then he says correction. Texas purchased 5 million November 20th. 10 million allocated from the general revenue, but not all 10 million has been allocated. Then we have Pierre Rocher, the CEO of a Bitcoin bond company said Texas's move signaled a significant shift in attitude towards the Biddy and just a short amount of time quoting them here in five years we went from governments will ban the Bitcoin to governments are only buying a small amount of Bitcoin. Hyper Bitcoinization has happened. It's happening and will continue to happen. Captain. Yet with program it's unclear if this move is directly related to the state's plan for the Strategic Bitty Reserve in June. Governor Greg Abbott of the Shaolin Temple. All right, Greg is not from the Shaolin Temple, but hey, his name is Abbott so he deserves our respect. He officially authorized the creation of the state managed fund to hold the biddy as part of the state's long term financial assets, utilizing public funds to build a treasury. And as outlined in the initial bill, green lit by the Abbot himself, only assets with a market cap of over 500 billion are eligible for inclusion in the reserve. Which means only Bitcoin is eligible. Take that lizard folk. Also in mid October, Texas State Senator Charles Schwertner was one of the lawmakers behind the state Strategic Biddy Reserve bill. Said Ether may be next. Oh boy, we're doomed. That's if it stays above 500 billion. Best of luck they say if Ethereum maintains its market cap over 24 months, I think it is reasonable and prudent to give direction that Ethereum could be added to the crypto reserve. Meanwhile, Wisconsin bought 100 million of Black Rocks Bitcoin ETF. That was last year 2024. Do you guys remember some claim Texas the first state to snap up the biddies to the ibit. But the truth the State of Wisconsin Investment Board actually oversaw the purchase of 100 million worth of Ibit shares.
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Whether you're into unsolved mysteries, solved mysteries, or creating your own mysteries, Amazon Music's.
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Got millions of podcast episodes waiting.
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Just download the Amazon Music app and start listening to your favorite podcasts ad free included with Prime.
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Oh hey.
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C
Welcome to gift wrapping.
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A
Whoa.
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C
So is Saldana.
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D
Hey, can you wrap these please?
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A
Wow.
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C
IPhone 17s.
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You splurged at T Mobile you can get four iPhone 17s on them. The new center stage front camera is amazing for group selfies. It's the perfect gift for everyone.
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C
I'm the worst. I only got my mom a robe.
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D
Well it's better than socks.
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C
So I have to trade in my old phone, right?
- [27:36]
D
No AT T Mobile. There's no trade ins needed when you switch. Keep your old phone or give it as a gift.
- [27:41]
C
Incredible.
- [27:42]
D
In fact, wrap up my old phone too for my Aunt Rosa. Forget that. Aunt Liz will be jealous.
- [27:46]
C
Sounds like my family drama.
- [27:48]
D
Oh I got it. I'll give it to my abuela. I'll take reindeer paper with hey where are you going?
- [27:53]
C
The holidays are better. AT T Mobile get four iPhone 17s on us. No trade and needed when you switch plus four lines for just 25 bucks a line. And now T Mobile is available in U S cellular stores with 24 month legal credits if we're eligible. Board inside essentials for well qualified customers. Photo Pay + taxes, fees and 35 device connection charge credits and balance due if you pay off earlier. Cancel contact US Finance Agreement 256 gigabytes.
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830 required visit t mobile.com last May Meanwhile Bloomberg analyst Mr. Balchunas highlighted on Tuesday Texas joins Harvard and Abu Dhabi and recently purchasing the ibit. Now Larry go home get your shine box brother. Pretty sure that's the only ETF to ever be owned by all three. More wild stuff for not yet even 2 year old fun. Ibit meanwhile is down 10 year to date despite the growing embrace of the Bitcoin by the US Government under the Trump administration this year. And next up big news. JP Morgan applies to launch a new Bitcoin back bond and we'll also reveal a new Bitty price target amid the pullback. All this plus so much more coming up soon. Port bvore all right fam now for our feature story of the day. Simon Dixon created this post headline JP Morgan Applies to launch new Bitcoin Backed Bond. I'm going to be breaking this down. I'll read this to you. Also in the headlines, JP Morgan Reveals New Bitcoin Target amid the Market pullback. Let's start with Simon Dixon's post. I'm going to read it to you verbatim. He wrote. The Financial Industrial Complex, which we're going to use the initials fic, has rolled out yet another speculative leverage paper product designed to wedge itself between you and your Bitcoin. The FIC is now openly testing a full suite of Bitcoin linked financial instruments engineered for maximum price manipulation, fee extraction and volatile harvesting. Expect nothing less from the lizard folk, especially JP Morgan Chase and Jamie Damon. This is another vassalizing strategy to part you from your Bitcoin, especially if you borrow against it or trade with leverage. So listen up. These tools exist to trigger margin calls on Bitcoin back loans for cell pressure from Bitcoin, treasury companies and down markets. Remember there is a war going on between strategy and JP Morgan and create manufactured by pressure and up market so that the FIC can position themselves long before the public even realizes the game has even begun. They can't print Bitcoin so they print Bitcoin paper instead. Derivatives. They want the upside of volatility while pushing the retail into the rappers treasury products, loans, synthetic notes, ETFs and leverage structures where they control the rules, the liquidity, the flow and the outcomes. Whoever believed the FIC entering Bitcoin would create stability was mistaken. The FIC does not want stability. The FIC survives on volatility and gamblers, market makers and exchanges have historically done this but now the FIC is doing it on A global scale and on steroids. JP Morgan's latest proposed leverage structure note using black rocks Bitcoin etf. Perfect example. A complex asymmetric bet where they can call the note early if it benefits them, extend it if it benefits them and cap your freedom but not theirs. And harvest volatility every step of the way. If Bitcoin drops 40%, you take the damage. If Bitcoin explodes by 2028, they capture the liquidity, the data, the fees, the structural advantage while handing you a taxable coupon dressed up as exposure. This is the fic proven how far they can push short term price signals using Bitcoin financial paper while Bitcoin itself remains unprintable, uncensorable, unalterable and I'm gonna add unfuck widdable. Take that lizard folk. They cannot manipulate the long term fixed supply so they weaponize the short term. And at one point you don't fight the fic by buying strategy MSTR shares. That's just another instrument they have already vassalized as part of their toolkit for influence and price games. The real resistance is simple self custody, long term accumulation, no leverage, no rappers and no Bitcoin IOUs. Can I get a name in just real Bitcoin held by the real people. That's how you win and that's how you starve. The fic of the bitcoin they are desperate to siphon away from you. Here's a man who does not deserve your trust by the name of Jamie Demon. Jamie the Tape Worm Diamond. That's right. This was actually Epstein's banker. Ironic enough and they had to pay fines because of that corruption. But let me know if you agree disagree with Simon Dixon. I think it makes a lot of sense here and I am not surprised surprised that they're still weaponizing Bitcoin as there is absolutely a war going on behind closed doors right now. And now to this article, JP Morgan reveals a new bitty price target amid the pullback. Jack, that's right. Bitcoin could climb to 240G's we know over the long term according to the recent JP Morgan note. Assessing the assets evolving market structure. In the note analysts wrote the crypto markets are now influenced more by macroeconomic forces than by Bitcoin's fouryear having cycle which historically preceded the major bull runs. Quoting them here, cryptos are moving away from resembling the venture capital style ecosystem to a typical tradable macro asset class supported by the institutional liquidity rather than the retail speculation. The analysts added the early stage Projects once relied on the large private rounds that left the retail investors buying late at steep valuations. Retail participation has since declined. They said the institutional investors now provide the market depth to helping stabilize the flows potentially anchoring the long term prices. Here's what they have to say. Crypto prices are now more influenced by broader economic trends rather than the crypto predictable four year having cycle. The process where the rate of the new supply of the bitcoin is cut in half and followed by the bull market rally. Then one speaker at the bank's event suggests the biddy could potentially reach 240000 per coin over the long term because guess what? They manipulate the short term and that's precisely what they're doing right now. They also framed it as Bitcoin as a multi year growth play rather than a cyclical asset. Despite the structural shifty shift, JP Morgan argued that the crypto still offer the liquid yet structural inefficient markets where uneven liquidity can result in sharp price swings. And if you don't know now you know. Let me know your thoughts on what I just shared regarding JP Morgan analyst suggesting 240,000 we al also covered maybe a week or two ago the that JP Morgan views Bitcoin's true value right now at 170,000. And what are your thoughts on them launching a new Bitcoin product, ultimately weaponizing Bitcoin so they can have more manipulation and control in the markets. Let me know your thoughts and I'll read your comments out loud again. Happy Thanksgiving in advance JD Vance fam we recaptured 90 G is the next big target 100,000 do you think we get 100 G's here coming up maybe pre December we got a whole nother few day. We got four days left of the month. You know if we can climb 2000 maybe 2500 a day over the next four days. What is that 2% gain? Easy peasy. We're right back 100 G's then the next target the firmament 126 we're coming for you. Watch out retail investors. What's that IRA 401k exposure to the bitty ETF or is the retail the people only buy the biddy on the exchanges. 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 A. And I look forward to seeing you on tomorrow's episode hoddle.