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2187: SpaceX Moves $99.8M in Bitcoin – Schiff Humiliated After Failing Gold Bar Test With CZ
00:31:52
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- [00:00]
JV
Today's episode of Bitcoin News Alerts is brought to you by Progressive Insurance. Fiscally responsible financial geniuses, monetary magicians. These are the things people say about drivers who switch their car insurance to Progressive and save hundreds. Visit progressive.com to see if you could save Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states or or situations.
- [00:29]
Mrs. Claus
Guys, thanks for helping me carry my Christmas tree.
- [00:31]
Drewski
Zoe, this thing weighs a ton. Drewski, lift with your legs, man.
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JV
Santa. Santa, did you get my letter?
- [00:36]
Drewski
He's talking to you, Bridges.
- [00:37]
JV
I'm not.
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Mrs. Claus
Of course he did.
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JV
Right Santa, you know my elf Drew here.
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Drewski
He handles the nice list. And elf. I'm 63. What everyone wants is iPhone 17 and at T Mobile you can get it on them. That center stage front camera is amazing for group selfies. Right Mrs. Claus?
- [00:53]
Mrs. Claus
I'm Mrs. Claude Claus, much younger sister and AT T Mobile there's no trade in needed when you switch. So you can keep your old phone.
- [01:00]
JV
Or give it as a gift.
- [01:01]
Mrs. Claus
And the best part, you can make the switch to T Mobile from your phone in just 15 minutes.
- [01:05]
Drewski
Nice. My side of the tree is slipping. Kimber.
- [01:08]
JV
The holidays are better. AT T Mobile switch in just 15 minutes and get iPhone 17 on us with no trade in needed. And now T Mobile is available in U.S. cellular stores with sweet or monthly.
- [01:18]
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- [01:28]
JV
Visit t mobile.com happy TGIF. Welcome everyone to the number one Bitcoin pod in today's show. We'll be discussing the latest TA as Bitcoin took a bit of a pullback. Currently just above 896 at the time of this live stream. We'll also be discussing Bitcoin accumulation trend strengthen as realized losses near $5.8 billion. Also Canter slashes strategy target by 60% telling clients for sale fears are overblown. Also what Texas recent bitcoin purchase really signals to the rest of the United States in a market downturn. We'll also be discussing Peter Schiff fails to authenticate his gold bar during the on stage test with cz. This is quite hilarious and a big story today. Stunning SpaceX Bitcoin transfer of almost $100 million just moved. Is it going to custody or is it going to be Sold off. Well be discussing this. We'll also be taking a look at the overall crypto market. All this plus so much more right here in today's show.
- [02:39]
Today is pod number 2,187. I'm your host JV alongside the Fed chair, my co host, the nipinator. Today is 12-05-2025 and we have bit of a correction. After tapping out at Roughly I say 94 the other day, today it's 895. We're down less than 3% on the day. Very minor correction, lots to cover. So without further ado, let's dive right in. You should be able to see my screen here. Coin360 Bitcoin roughly 897 at the time of the live stream. We got Ether in the red but maintaining above 3,000. It's down two and a half percent on the day. Salana down 5%. XRP down 3%. Cardano down 6%. And one of the bigger losers, Dogecoin down over 6%. And checking out coinmarketcap.com crypto market cap still maintaining above 3 trillion. It's 3.03 trillion today. Bitty market cap 1.77 trillion. And you can see coin market cap, coin has been struggling. It seems it's been stuck since launch at roughly 6 million market cap. But the only reason I'm referencing it is because they conveniently put it above bitcoin. So it's like in our face but doesn't seem to be helping it. I know nothing about it so I won't speak on it, but checking out top 100 crypto gainers past 24 hours we got very minuscule gains. Mantle up 3%. That's the top coin of the 100 gainers. Tron up like 1%. And Zcash actually the top gainer here at roughly 4% on the day. Checking out the crypto greed and fear index were 28 fear, yesterday at 26, last week a 25 and last month a 23 in extreme fear. And checking out the infamous time chain calendar. Time chain calendar shows block height 926, 560. You can exchange one fiat monopoly dollar for 1114 sats so you know precisely what to do. Pick up the sats, put down the gats, pick up some bitcoin caps from a man, Sergio over@bitcoin caps.net now you guys can see, here's some live chart action. Jackson Satisfaction, Bo Jackson, Tony Prax you thank and dedicated to the baddies. And on the one hour chart, as we can see Here we do have a bull target in the blue sitting all the way up at 109. So that's roughly a 20,000 price appreciation. Do God candles I say send it. And working our way backwards, take a quick look at a four hour the four hour chart. You can see we have a lot of red candles here. One, two, three, three consecutive reds. We'll see if we get a reversal. We did hit 80 as the bottom roughly two weeks ago. Let me know if you think the bottom is in for the cycle or do you think we'll test even lower? Either way, let me know in the comments. I'll entertain those. And checking out the daily, you'll notice today and yesterday are in the red. The two prior days were in the green and we had a significant candle recovering all the major losses when we did touchdown. But we're cracking here again and and this is the moment of truth as it's only the first week of December and yeah, December is the last month of the fourth quarter here before entering 2026. Checking out the weekly rising wedge and you're going to notice the four cascading red candles downwards before we had the reversal green closed for once. The first green candle in the weekly in five weeks. And for the new week we're in the red due to the continued correction. No particular bull targets in sight. Checking out the monthly you're going to notice October, November, we're in the red where historically we should have seen significant gains this fourth quarter. So again, moment of truth for December. Will this end up being a December or December? Let me know your honest thoughts and I'll read those comments out here shortly. And now for a little technical analysis paralysis. Headline here reads Bitcoin risk return to the low 80 zone. Next as trader says the dip makes sense here you can see this is a one hour chart. Like I already referenced the one hour, the four hour and the daily not looking so great here today. After rejecting at the 2025 yearly open level the day prior, Bitcoin lacked impetus for the gains market participants were keen to see support retests further down. Quoting an analyst here. Order book heat map shows thin bid side with only reasonably large buy walls at 86 and below it. Thinking about slowly filling the gap, resetting the open interest which will be healthy for the upside. Crypto entrepreneur Ted Pillows use exchange order book data from coin glass to flag 90000 as an important zone. Quoting him here, Bitcoin has two decent liquidity clusters. Right now the upside liquidity is around the 94,5 level while the downside liquidity is around the 90 level. In my opinion a sweep of the downside liquidity before the reversal makes sense. Let me know if you agree or disagree with the analysts. Also Dan Crypto trades chimes in Ideally this doesn't lose that 88 region again on the higher time frame and he shares you the perpetual contract three day chart as you can see right here. Now let's discuss the Bitcoin Eeki Moku analysis Point down. That's right. Considering potential future losses or lows, Trader Titan of crypto employed the Ikimoku cloud analysis to bring back levels closer to the 80,000 range. A would be supported zone he noted on the day lay just below the current 839 local lows which we saw last week. Bitcoin89 next he says here Bitcoin took the previous weekly high failed to break above the key June a pullback towards the 10 can in all these Japanese terminologies here from here makes sense. Kichiwa Nipinator that's the key level to watch if it cracks next support sits at 83. 9. Let me know if you think we'll likely correct this level to watch here on the chart as per the analysts holler. Yeah next story we're going to continue rattling out the news here. Headline reads Bitcoin accumulation trend strengthen as the realized loss is near 5.8 billion. Oh no. End of the world Bitcoin dropped 10 over the last 30 days as several groups of wallet holders switch from distribution to accumulation. Accumulation are the smart AI.
- [09:08]
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- [10:09]
JV
You know the whales, the diamond hands, the Nipinator pause data suggested this accumulation coupled with record realized losses points to a potential shift in momentum. Strong bitcoin accumulation at the current levels. Bitcoin whales increased their risk on appetite following the recent drop to ADGs. That's right. While all the institutions and whales manipulators were fud in the market to Crash Bitcoin to ADGs, guess who was fully embracing Bitcoin? Vanguard bank of America. All the forces of evil. It's crazy. Glass node data indicates that a bitcoin accumulation trend score is nearing a 1 indicating intense accumulation by the large investors. The smart money as I put it. An ATS of closer to 1 in the chart in the darker blue which you're about to see indicates that the whales are accumulating more bitty than then they're distributing. And a value closer to 0 which you can see in the light yellow indicates they're distributing, not accumulating. The spike in trend score indicates a transition from distribution to accumulation across almost all the cohorts. This shift Peter shift mirrors a similar accumulation pattern observed back in July which aligned the bitty rally to the previous all time high of 124 reached August 14th. I guess that's before we hit the 1263 which I believe was on October 6th from the sub 100,000 levels back in June. And this chart brought to you by Glassnode shows you the bitcoin accumulation trend score. And you see the breakdown right here. Charts don't lie. Check the scoreboard. Additional data from Glass node reveals resurgence and buying by the small to mid sized entities holding between ten and a thousand of the biddy which have accumulated aggressively over the last few weeks. So all the cohorts are accumulating. Bitcoin whales absorb nearly 240% of the new supply. Reinforcing this accumulation trend is the yearly absorption rate metric which shows that the whales and the sharks are now absorbing about 240% of the Bitcoin yearly issuance while the exchange are losing coins at historic prices. Notably, Bitcoin's yearly absorption rate by the exchanges has plunged below 130. 130% as outflows continue. This signals a growing performance for self custody or long term investment. If you're in it to win it and you understand Bitcoin, then you're in this for the long haul. And that's the name of the game. Stang bitties. Meanwhile, larger HODLers 100 Bitcoin or more scooping up the bitties almost one and a half times the new issuance. Can you say supply shock marking the fastest rate of accumulation amongst the sharks and the whales? Yeah, that's right. In Bitcoin history, let's not forget the dolphins. This marks a structural shift as traditional finance increasingly adopts the biddy, particularly with the emergence of the bitcoin treasury companies as well as the new profound ETF demand. Bitcoin Realized losses surpassed 5.7 billion the chart I'm about to share reveals that Bitcoin realized losses by the Short term huddlers reached 3 billion November 22nd while losses by the long term hudders reached 1.7 billion. The aggregate realized losses by the hudders was 5.78 billion. After Bitcoin drop to the 80,000 bottom November 21st quitting Glass Node, short term hudders account for the bulk of the losses while the long term huddler losses stay comparatively contained, indicating that the stress is largely on the recent buyers. Like I said, the name of the game is stack bitties over the long haul. If you're doing that, you're most likely crushing it. So congratulations all my bitcoin hod. All right yo btfd, stack the bitties, pump the stream, smash the likes and all hail the Fed chair Nipinator. Next up headline reads Cantor Slashes strategy target by 60% telling clients for sale fears are overblown U S based financial firm Cantor Fitzgerald slashed the price target on Sailors Bitcoin heavy company strategy but kept the bullish stance on the crypto long term upside downplaying fears of forced liquidation. And this is all According to the Financial Times, Canter reportedly lowered his 12 month price target on strategy stock 60% adjusted to $229 from 560 bucks, according to the Thursday note. And despite the downgrade, Canter's buy rating reportedly remains unchanged, unhinged as the bank said the fear surrounding strategies forced liquidations were not warranted despite receiving significant attention, ultimately saying it's just nothing more than fud. Nothing to worry about here. Strategy has enough cash to fund dividend payments for 21 months. That's true. They just raised I believe 1.44 billion. And Sailor did say that if worse comes to worse, that's they won't have to offload bitcoin because they can pay the dividend yields for the investors for virtually the next two years. Also, MSTR can still raise cash through equity facilities should it be needed. Absent a 90% pullback from the current bitcoin levels, the fear of is not warranted. So Sailors not concerned, bottom line. And neither is Canter. Still, Strategy share prices badly lag Canter's price target. Canters in the ninth largest shareholder. Oh, I didn't know that. Canter is the ninth largest shareholder of Strategy. The largest has to be Vanguard and Black Rock. They own everything and they're typically the the top two shareholders of every company in the S And P. Just FYI, strategy stock traded around $186 at this time. Still 27 over the past month and 35 year to date. How many of you have any exposure to Strategy? Let me know. But yeah, at one point it was close to 500 per share. So right now there's quite the hefty discount. Take advantage of it if you're bullish on it, that is. Strategy stock still faces short term concerns, including the MSCI index threat to remove the company with the digital asset holdings exceeding 50% of their total assets. If enacted, this could result in the for selling of mstr. And that's the FUD narrative which has been spreading. There's a big meeting coming up January 15th and they could, you know, apparently change the rules and then force them into liquidation. But Sailor saying otherwise and he's not concerned whatsoever. And here you can see by market cap, gold is currently just above 29 trillion. Nvidia. Damn, it's growing so fast. Almost 5 trillion trillion. Apple 4 trillion. Alphabet almost 4 trillion. Microsoft 3 1/2 trillion. Silver only 3 trillion. Amazon 2 1/2 trillion. And then you got Bitcoin fast approaching the 2 trillion mark, which it has already achieved, but we corrected obviously. Still, Cantor remains bullish on strategy and Bitcoin's price momentum, calling the current pullback a healthy correction resurrection as Bitcoin's on track to eclipse the market cap of gold. I agree with that. We continue to believe that we are not far away from Bitcoin overtaking the gold market cap, which means Bitcoin surging 15x approximately. Cantor reportedly wrote. As of today, the bitcoin market cap is just 6% of the gold market cap. To overtake gold, Bitcoin would need to be priced at 1.5 million per bitty. I say send it, let's get it. Other analysts have also predicted the bitcoin eventually eclipsed the gold market cap. For instance, Joe Burnett predicted this development would see Bitcoin surpass 1.8 million per coin by 2035. Still, the Bitcoin price would need to grow nearly 16 fold to surpass the value of the world's largest precious metal. And since the beginning of the year. The gold price has risen 58% outperforming Bitcoin's 1.5% YTD. That's yearto date decline and but there you go. And meanwhile, Peter Schiff, we're going to make fun of him and a couple of more stories regarding being embarrassed on stage.
- [17:54]
Mrs. Claus
Guys, thanks for helping me carry my Christmas tree.
- [17:56]
Drewski
Zoe. This thing weighs a ton. Drew Ski, lift with your legs man.
- [17:59]
JV
Santa. Santa, did you get my letter?
- [18:01]
Drewski
He's talking to you britches.
- [18:03]
JV
I'm not.
- [18:04]
Mrs. Claus
Of course he did.
- [18:05]
JV
Right Santa, you know my elf Drew Ski here.
- [18:07]
Drewski
He handles the nice list and elf. I'm six three. What everyone wants is iPhone 17 and at T Mobile you can get it on them. That center stage front camera is amazing for group selfies. Right Mrs. Claus?
- [18:19]
Mrs. Claus
I'm Mrs. Claus much younger sister and AT T mobile there's no trade in needed when you switch. So you can keep your old phone.
- [18:25]
JV
Or give it as a gift.
- [18:26]
Mrs. Claus
And the best part, you can make the switch to T mobile from your phone in just 15 minutes.
- [18:30]
JV
Nice.
- [18:31]
Drewski
My side of the tree is slipping. Kimber.
- [18:33]
JV
The holidays are better. AT T Mobile switch in just 15 minutes and get iPhone 17 on us with no trade in needed. And now T Mobile is available in US cellular stores with 24 month legal.
- [18:44]
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- [18:53]
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- [19:26]
JV
Verify if gold is real unless you melt the down. So take that gold buyers. You know it just is what it is. Let's continue with the bitty news, shall we? Headline reads what Texas recent bitcoin purchase signals to the rest of the US in the market downturn. As you know they recently took 10 million put it aside to stack bitcoin. They made a purchase into the I think it was the Black Rock ETF of 5 million. So let's dive a little deeper and how this will impact the rest of the US. Texas has become the first US state to officially purchase and hold Bitcoin, acquiring a 5 million share worth of iBit, which is Black Rocks ETF, after authorizing another 5 million for direct self custody Bitcoin. That's cool. So they're using an ETF and they're diversifying by self custody respect. The move comes at an unexpected moment, a market downturn marked by the ETF inflows. Institutional caution install legislative efforts across the country in this week's episode we explore Texas stepping in while many others stepped out and why this timing suggests about the state's long term view of the Bitty. Earlier in the year, more than two dozen U.S. states introduced or debated bills which would allow public treasuries to hold Bitcoin or other digital assets. Yet most of those efforts slowed or evaporated as the price fell and political appetite waned. Texas, by contrast, accelerated. Its Bitcoin purchase is the first executed under the Texas Strategic Bitcoin Reserve act, passed back in June of this year, signaling a decisive move into digital finance at a moment when competitors hesitated. However, nope, Texas is not new to the bitty. Their governor, Greg Abbott, has publicly supported Bitcoin for more than than a decade. Back in 2014, a campaign video reference in the POD episode, Abbott said bitcoin is a new decentralized digital cryptocurrency enabling instant financial transactions safely and securely. The stance continued years later. In a 2022 conversation with the Texas Blockchain Council, Abbott outlined why he believes the state should lead in blockchain innovation. Quoting him again, Texas is getting involved early on this process because we see the future, what bitcoin and what blockchain means to the entire world and a long term strategic play, not only a short term bet. According to president of the Texas Blockchain Council, the state's timing is no accident. Speaking on the pod, he noted Texas positioning Bitcoin as a multi decade strategic asset. So long term bullish. Texas is in this for the long haul. This is not a short term investment. We're looking at the things in decades rather than years. He also added Texas economic landscape including energy resources, a pro business regulatory environment and rapidly growing urban centers, making it uniquely strong candidate for early sovereign level bitcoin exposure. What remains to be seen is whether Texas's move will reignite state level interests nationwide or simply cement its status as a digital asset outlier. Personally, I do think the game theory, which is basically the Bitcoin global hash war in full effect. We shall see more state adoption. It's common sense. No one wants to be left out. Nobody wants to be last. And respect to Texas and their governor Mr. Abbott for first embracing and understanding and speaking publicly about Bitcoin in 2014. I never knew that that would make him ultimately an OG early adopter and now their state gets to reap the rewards. Next up we'll make fun of Peter Schiff. And then the latest with SpaceX moving roughly 100 million worth Bitcoin. There's speculation they're offloading it, sending it to an exchange, and then there's others saying they're going to self custody or custody at somewhere. We shall entertain all that, but all right, let's make fun of Peter Schiff. It's that time Peter Shift fails to authenticate gold bar during onstage test with Czech Republic what a failure this guy is. I can't believe you Peter Schiffmeister. You're making Puerto Rico look bad, bro. A panel featuring gold advocate Peter Schiff and Bananz co founder CZ at the Binance Blockchain Week highlighted the challenges for verifying physical gold after Shift was unable to confirm whether a gold bar presented to him was genuine. The debate involved whether tokenized gold or bitcoin is a better store value asset based on the visibility of portability, verifiability, durability and supply constraints, key factors in assessing an asset's viability. As money, CZ argued, Bitcoin is better medium for storing value for several reasons, including the ability for any user to instantly verify the crypto through a full node or other method that checks a cryptographically secure public ledger. That's right. And there's CZ right here. CZ handed Shift a gold bar and asked it says Kyrgyzstan or Kyrgyzstan a thousand grams fine gold 999.9 with a serial number CZS. Mr. Schiff is this real gold Shift? At least he was honest, he said. I don't know, drawing laughter and applause from the audience of crypto natives. Back in October, CZ criticized tokenized gold, saying that the holder must trust the issuer, which led to Thursday's showdown with the Shift meister. The debate between gold advocates and bitcoiners has evolved over the years, with gold advocates including Shift, arguing that gold tokenization solves many of gold's portability, divisibility and verification issues while being useful for defi applications. And we all know anything Peter Schiff says is total. Just saying. However, bitcoin advocates say that real world asset tokenization or representing real world items on the blockchain does not solve the problem inherent in the physical gold underlying digital gold tokens, including centralization, counterparty risk and expensive audit procedures. Fire. A saying remains the industry standard for full gold verification. Ultimately meaning you have to melt the gold bar down to 100% verify that it's actually authentic. And that's another drawdown for, you know, owning gold. Who knows? If you're holding real gold, you gotta melt it. Who's gonna do that? You know, These methods include X ray, fluorescent, spectrux, whatever the hell that says. Ultrasound, Eddie, current testing, all of this is costly, requiring the use of experts limited in scope. X ray, florescent. I mean you can see some of the technology here. It's only effective at determining gold's content and metals up to 10 microns in thickness. While other methods have similar issues, meaning they are not definitive testing methods. According to the professionals, only one method leads to 100% verification certainty according to LBMA and that's melting down the gold. Which is fire a saying or the process. Melting down gold to verify integrity and makeup is only a way to attain 100% certainty. So however the LBMA characterizes this as a destructive testing method. Of course at present there does not appear to be a definitive non destructive testing solution that that can be endorsed. And so the best risk mitigation of substandard assay remains the good delivery ecosystem of refineries and chain of custody. So just one of the many reasons why bitcoin is so much more superior. A bitcoin transaction is the settlement. It's verified upon the transaction within 10 minutes. Tik Tok next block. So you know, bitcoin is better for portability, verifiability than gold. The only way he would have been able to see if that was gold was to pull out the testing kit. I don't know anyone that carries a kid around. Exactly. Sooner or later he's going to stop going to the bitcoin conferences because he is going to get played over and over. You know, he likes that, you know, he loves that attention. You know, I don't think that is the, you know, a reason why he won't go to the events. He loves the attention, he loves being made fun of. You know, and it's free publicity for him for his gold and whatever the he's pushing, you know, he was laughed at in Vegas. Now for our feature story of the day. Headline reads stunning SpaceX Bitcoin transfer of $99.8 million just moved signaling major institutional crypto strategy or is it about to be dumped?
- [27:57]
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- [28:28]
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- [28:56]
JV
Mobile.Com let's entertain this In a move that has captured the crypto community attention, including the nipinators, a blockchain address believed to be linked to Elon, Space X has executed a massive SpaceX Bitcoin transfer worth nearly 100 million. This transaction, reported by the Blockchain analytics platform look on chain represents one of the most significant institutional crypto movements recently observed. The transfer is roughly 183 BTC to what appears to be a Coinbase prime custody address, raising important questions about corporate crypto strategy and institutional adoption trends. So the recent SpaceX Bitcoin transfer with 1083 bitties is on the move from one digital wallet to another with blockchain analysts identifying the recent address belonging to Coinbase Prime. And as you know, Coinbase prime offers custodian solutions and that's what strategy BlackRock and many of the institutions use. As well, this platform specializes in the institutional grade crypto services, particularly custody solutions for the large corporate and institutional clients. The transactions, timing and destination suggest this isn't a routine trade, but rather a strategic move towards professional asset management. Now, several key aspects make this Transaction Noteworthy. Number one, the substantial value of 100 million number two, the institutional destination being the Coinbase prime custody and number three, the potential confirmation of Space X's ongoing bitcoin strategy. So why do you think they would move all this Bitcoin Institutional Crypto custody services Several critical functions for corporate hodlers first, it provides enhanced security through a professional management of the private keys and multis signature arrangements. Second, it Offers regulatory compliance frameworks that are increasingly important as crypto regulations continue to evolve. Third, institution custody enables easier integration with traditional financial systems and reporting requirements. So now SpaceX's transfer likely reflects several strategic considerations including risk management, professional custody, reducing security risks associated with self custody. So I'm assuming then they were self custodying their bitcoin prior, which I actually respect more than using an institution. But anyways, Number two, operational efficiency streamline management for the corporate treasury operations. Number three regulatory preparedness, positioning for evolving crypto regulations and number four, strategic flexibility, maintaining liquidity options while securing the assets. Maybe they have to plan to sell some. You know I know Tesla sold some at some point, so that's why there's a lot of speculation here. This substantial SpaceX transfer carries implications beyond just one company's treasury management. Institutional movements of this scale often signal broader trends in crypto adoption. When high profile companies like SpaceX make deliberate moves towards professional crypto custody, it validates the infrastructure developing around digital assets. The transaction demonstrates several important market developments growing institutional confidence and crypto infrastructure increasing sophistication in corporate digital asset management, validity of custody solutions as essential institutional tools and potential signaling effect for the other corporate hollers. So what can we learn from this? Key takeaways from observers. Number one, institutional crypto adoption continues evolving beyond simple acquisition. Two, professional custody solutions are becoming a standard for corporate huddlers. Number three, blockchain transparency allows unprecedented visibility into the institutional moves. And number four, high profile transactions influence market sentiment and adoption patterns. Now the recent SpaceX Bitcoin transfer represents more than just a large transaction. This symbolizes the maturation of institutional crypto management. As companies move from initial acquisition to sophisticated custody and management strategies, the entire ecosystem grows more robust and legitimate. This transaction underscores how leading tech companies are not just investing in crypto, but integrating it into professional financial operations. Now, let's just have a little conversation. What are some of the reasons you think this move was made? Do you think this is for the long haul as a long term huddling solution using Coinbase prime as the custodian? Or do you think there's plans of offloading some of this 100 million treasure trove of the bitty from Elon's SpaceX? Let me know your honest thoughts and I'll entertain your comments. And welcome everyone to the Q A segment of the live stream. I'm happy to read these comments out loud. Smash the likes, hit the repost. And remember, you can't short your dorks. You can't afford that Appreciate the repost. JN respect. It is not hard to make your bitcoin liquid from the self custody. I understand the need for regulatory compliance, but self custody is far superior to keeping it on the then keeping it on the exchanges. I agree with you 100. Here's my two Satoshis. Elon has been speaking favorably surrounding bitcoin and energy, but at the same time you got to understand his position in the world and you know what his role is. So in my humble opinion, I don't think Elon will fully embrace bitcoin as the world's richest man. However, he does have some exposure which is significant to someone like us. But for being the world's richest man, his overall supply of bitcoin and companies like Tesla and SpaceX are minuscule. I mean, what's for example, what's $100 million to someone like Elon worth hundreds of billions. You know, it's very minuscule investment, but he has offloaded some bitcoin previously with, you know, Tesla and also he has also fudded bitcoin. You know, he actually removed bitcoin payments to buy Tesla a long time ago. And for whatever reason, you can use Doge as if there's fucking millions of people with, you know, hundreds of thousands worth of Doge to buy Tesla. Cars really make a lot of whole, whole lot of sense. But hopefully he does the right thing, starts accepting bitcoin payments again, especially for Tesla, considering it's one of the larger car manufacturers of the world. But I'm not holding my breath because in my humble opinion, I don't think he'll ever fully embrace bitcoin because of his position on the world. If he did, it would open the floodgates because then Bezos and every other rich man in the world would have to do the same thing because they follow. He has a lot of influence, believe it or not. I dare say Elon is probably one of the most, if not the most influential man on the planet for obvious reasons. Number one, he owns X and has 333 million plus followers last I checked. And number two, on paper, he's the richest man in the world. He's like, you know, one of the most heavily idolized figures in our culture. You know, people love Elon for whatever reason, what I just explained, but. So let me know your thoughts. 100 million exposures, nothing in the grand scheme of his wealth. Yeah, he may just have a lot of money, but not too much sense when it comes to bitcoin. Now, I do believe he's intelligent and as Rogan has openly say, extremely sly. Like he's clever, right? But it doesn't make him innocent. You know, he's very clever, but he receives his wealth from government subsidies, so ultimately the government's his bitch. And don't forget to check out bitcoin newsalerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
- [36:51]
Andrew Moyes
In Orlando meetings reach another level thanks to a growing list of award winning restaurants, a world class convention center, a great hotel community, easy access through the airport, and of course the weather. Andrew Moyes, VP of Fan Expo hq, had this to say about Orlando Often we will bring our entire team to Orlando for the event and that includes our executive level team members as well, and we're able to give them a great experience with luxury hotels, special restaurants, all those key things to feed into the proper executive experience. Orlando's easy airport access and close proximity to hotels and transportation make it a top choice for hosting major events. And while you may know Orlando for its attractions, industries like healthcare, aerospace and advanced manufacturing make it a hub for cutting edge businesses. Or in the words of Mr. Moyes, Orlando really can be that destination where you can innovate, collaborate and look to the future. And that's what makes Orlando unbelievably real.
- [37:48]
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