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2192: $500K Bitcoin Target Emerges as UAE Adopts Bitcoin-First Strategy
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Welcome Bitcoin fam to the number one Bitcoin pod in today's show. I'll be sharing the latest TA is Bitcoin maintaining just above 90,000 at the time of the live stream. We'll also be discussing crypto speculation at 2024 lows as TradFi leverage ETFs hit record 239 billion. Also Terraform co founder sentenced to 15 years in prison after guilty plea. We'll also be discussing Satoshi Nakamoto statue lands on the NYSE and signed changing times as well as Bitcoin first crypto at scale inside the UAE's layered digital asset strategy as well as a very bullish prediction, a Bitcoin smashing 500, 000 per coin super cycle style. All this plus so much more right here in today's show. Today is Pod Episode 2192. I'm your host JV. We're back in Puerto Rico after a week long little trippy trip to Florida. I was under the weather for the past few days. I finally feel a lot better today. So we're going to have another good show of course, as we always do. It's December 12, 2025. Bitcoin maintaining just above 90,300 at the time of the live stream and checking out coin360. You can see ether is down two and a half percent on the day Card, Doge and Tron all cracking in the red. And alongside bitcoin in the green we have XRP, Salana, Litecoin and BNB. And check it out, coinmarketcap.com we currently have a looks like 3.14 trillion total crypto market cap. The bitcoin market cap today is 1.8 trillion. Checking out top 100 crypto gainers past 24 hours. We got Merlin up 8%. We have Mantle up 18% and we have MEM Core up 19%. And Zcash is a big gainer as well up 22%. Besides those, they're pretty modest gains across the board. Checking out the Crypto greed and fear index today we're at 29 fear, yesterday 29, last week at 28 and last month at 24 in extreme fear. Checking out the time chain calendar today we're on block height 9207598 and you can exchange 1.1 fiat monopoly dollar for 1107 SATs. So you know what to do. You pick up the sats, put down the gats, pick up some bitcoin caps from a man Sergio over at Bitcoin caps on Net. Next up, we'll look up some of the charts, shall we? And just remember, you can't short your dorks. We can't afford that. Looking up the live charts here, this is the one hour. You're going to notice a lot of action. There's a few targets here. We're going to focus on the bulls. One of the bull targets is sitting just above 100,000. That's that critical psychological risk resistance. We need to rebreak for the 10,000 time. I feel it happening here in December. Let me know if you agree. I also am a firm believer that the bottom is in. When we bottomed out at 80Gs. Let me know if you agree. Disagree. And checking it out here, you'll notice 107, another bull target on the screen, which is a beautiful thing. The wonderful thing about Bitty is Bitty. The wonderful thing checking out the next chart here is the four hour baby, baby. The four hour chart. Rising wedge formation sensation. We do have a blue target sitting at 999. I got problems, Biddy. Ain't one hit me. But notice. We rise, we fall, we rise, we fall, we rise, we fall, we rise and we rise again. Like Jesus raising Lazarus from the dead. And that's where we're at. And this is the four hour chart. Next up, checking out the daily. The daily chart says we're going up forever JV and Nipinator, but we need a Nibinator indicator. But yeah, no particular bull targets here on the daily, but it's all good in the bitty hood. Checking out the weekly, you're going to notice a rising wedge. We did get a green candle close two weeks ago and another one that's minuscule recently and we get another one which we're barely in the green for the new week, which will mean three consecutive monthly candle closes in the green. But they're so minuscule compared to the correction of the red candles we've witnessed the four weeks prior to that. So we still got to make up for a lot of these losses. Reclaim the firmament, which is currently 126. 3. You know what I mean? Checking out the monthly, though the monthly chart you're also going to notice for the month of December. It's minuscule in the green, like barely any movement, but we're still in the green. And last month, unfortunately we had a massive red candle close for the month of November and October didn't go so well. Both losses consecutively. Between those two months, we lost roughly 35% of the Bitcoin price action. But hopefully that's a thing of the past and we can regain some of these losses that we experience like a boss. The bottom is in says facts. He's declared it. It's a done deal. A top is in. I predict the Bitcoin will bitcoin soon. The doing next story of the day. We did the live well, we did the charts but we didn't do the ta. So here we go. Checking it out here. Bitcoin bounces on the Fed Rate cut with a bigger rally I had predicted. That's right. While I was in Florida they cut the interest rate again and markets have been reacting. So let's discuss it. Crypto markets saw a slight pickup after the US Feds widely expect a rate cut on Wednesday and a large bounce bounce could be next. I say come on bounce. The central bank executed three consecutive interest rate cuts totaling three quarters of a percentage point. Holy wowzers. G. Willikers Batman over a three month period from September to December. Despite being fundamentally bullish on the crypto with a long term, each cut triggered short term sell offs following a classic buy the rumor sell the motherfucking news pattern the on chain analytics firm according to Santimen. Speaking of Santiment, I want to talk to Samson. However there's typically a bounce after the dust settles, it added which can provide predictable trading opportunity. Thus far this latest rate cut has been no different. Look for a slight level of the FUD or retail sell off to indicate that the milepost cut downswing has ended. The lower rates and cheaper borrowing costs typically increase the risk appetite and the capital flowing into the speculative assets such as the crypto currency. Meanwhile, Coin X Chief analyst Jeff Ko shared that the Fed's latest cut was widely expected and pretty much priced in, but it's updated dot plot showing where the Fed policymaker thinks the rate is heading next. More importantly, he said the $40 billion short term treasury purchase purchases are a technical maneuver for financial system liquidity to lower the short term rates, not a large scale stimulus driven program as he says here. But the markets interpreted this as mildly bullish with US stocks moving higher and helping the bitty stage rebound alongside the broader risk management. Meanwhile, Fidelity investment director Jurian Timmer look for the longer time frame. And speaking of Jurian, he's the one, the first one I know of to predict Bitcoin to a billion dollars per coin by the year 2038. Just FYI. But here's what he just recently shared. It's hard to tell in real time whether a new crypto winter is upon us. But looking at the evolving wave structure of the bitty maturing network curve, we can see that the most recent bull market looks pretty mature. That's right. Now there has been a slight uptick of the crypto markets. During the Friday morning trading session Bitcoin recovered from its Post cut dip below 90 to spike to 935 on Coinbase. However resistance at this level proved to be too strong once again sending pretty low bitty back to the 90 range where we're currently at at the time of the live now other big news recently in Sailor was flexing the other day he put guess the bank. Now if you verify this view from inside this place they say this is J.P. morgan headquarters. So yeah Sailor may be doing some business with Epstein's favorite bank. Ironic enough. So let me know your thoughts on that and a prophecy has came true according to Max Kaiser via the Kaiser Report and someone put here analyze this grock. Tell me what building he's in and I'm pretty sure they verified it. Yep based on the view overlooking the Central park with the 432 park a prominent the right of the Hudson Yards to the left. He's at JP Morgan Chase's global headquarters of the 270 Park Avenue New York City. And as you know there's recently war going on between JPM and strategy. Well maybe they're coming to settle their differences. All right, next story. Bros. Crypto speculation at the 2024 lows was a TradFi leverage ADF set a record 239 billion. That's right. Traditional finance leverage investment products at a record high but the appetite for the speculative assets remain muted in the crypto market speculative appetite is cooling amongst the crypto investors as the nip andator appetites continuing to gain traction with meme coin dominance versus the alts hitting a new two year low last seen not since February of 2024 according to data from crypto quant quoting them here alongside the chart. Meme coin markets are dead. I dare say the Fed is dead. That's right. But yeah you can see mean coin dominance in the alt markets not doing so well. In contrast speculative appetite is a soaring amongst equity investors as traditional leverage ETFs hit a new all time high 239 billion in assets under management during the third quarter of 2025 according to the latest from the Bloomberg. That's the word. The dynamic signals a warning or waning of enthusiasm for the high risk digital assets as speculative appetite is recalibrating to regulated trad fi leveraged products and less volatile equity markets. Here you can see the thrill chasing as the assets are management, the leverage ETs, ETFs. I mean at a quarter's end you can see they're continuing to raise and rise. 240 billion. Pretty precise. And you can see how significant it has been on the rise since they went live in, you know 2024 is when it became official as far as Bitcoin ETF. But ETFs have existed well before then, but you can see making a huge dent in the overall numbers. The market dynamic signals a maturation of signal of crypto equity markets. A risk taken expressed through regulated familiar products with defined safeguards. Analysts wrote here. A revival would likely require a strong catalyst such as a new viral narrative, major exchange listings or decisive price action to reignite the retail interests. Damn straight. Let's summon Mighty Mouse if we have to. The appetite of the crypto investors remain muted as most cryptos since the record market crash the beginning October. Not just the meme coins. Also as referenced earlier, the crypto greed and fear index did bottom out. We did hit a 10. I think that was the low this year. Currently we're back on a rise 29 as outlined here. Meanwhile, the industry's best performing traders by returns who are attractive smart money traders on Nansen's blockchain Intel platform are betting on a decline of the leading meme coins and cryptos. Smart money was net short on Fartcoin. Oh my God, they're short on Fartcoin for three and a half million and net short on the pump fund. Yeah, I don't know why people love gambling so much but I did see in the headlines Max reposted that Trump was considering removing capital gains tax on gambling. Just goes to show you how much of degenerates we truly are and as if we need to motivate people to gamble more. You know I think it's a bad look personally but what's your thoughts? I guess if you're lucky enough to win the lottery and you don't got to pay capital gains tax, that's a net plus. But at the same time I believe these state lotteries are rigged so best of luck to you. However, I digress. The cohort is betting on more upside for ether and decentralized exchange hyper liquid token more shitcoins signaling a preference of tokens with real revenue generating blockchain protocol. The positioning from this cohort may also signal investor fatigue with the meme coin launches over the past. Yeah, there's just too many of them. We got Melania coin, we got Trump coin, we got the Fart coin. The list goes on and on. Got the Nip coin coming on Thursday. Blockchain data from the bubble maps claimed 30 of the Pepe. Whatever happened to good old Pepe? His Genesis supply was bundled under an entity that sold 2 million a day after the coin's debut. Not not surprised. Casting down on the Meme Coins far launch premise. Here's the dealio. Everyone who launches a Meme coin does so with one intention. To take your bitcoin and trade you their coin. That's just the name of the game. So if you're stupid enough to trade your precious little bitty for some Fart coin, you deserve what's handed to you at the end of the day. Next Story Terraform co founder Do Kwon sentenced to 15 years in prison after his guilty plea. Now I haven't read this yet, but I'm assuming he took the guilty plea so he wouldn't get life behind bars. What's 15 years for a multi billion dollar Ponzi? Just saying he's consider himself lucky in one sense, right? Do Kwon, co founder of terraform labs since 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud. So he did plead guilty. In a Thursday hearing in the U.S. district Court of the Southern District of New York, Judge Paul Engelmayer ordered that quant 15 years in prison. So my suspicion is he'll probably get out on good time in maybe 12 years, you know, three cycles for his role in the collapse of Terraform which wiped out 40 billion. That's even more than I anticipated from the crypto market. That was around the time of The FTX collapse. 2022 in the winter. He will receive credit for time served in the US and 17 months pre extradition custody. So he's already served 17 months which he'll get credit for prior to making his decision on sentencing. The judge heard from some of Terraform's victims question what kind of justice Kwan might face in his south or native South Korea, where authorities are also building a case against them. Quoting him here, I would like everyone to know that I spent all my time thinking what I could have done and what I can do, said Kwan prior to a sentencing, according to the Inner City Press. It's been four years since the crash, three years since I've seen the fam, and I'd like to do my penance in my home country. I guess that's South Korea now. The Judge reportedly said the 12 year recommendation US prosecutors had requested the court imposed was unreasonable. So interesting. So the Prosecutors only suggested 12, but the judge decided to give him 15. While the five years requested by the co founders lawyers would be so implausible it would require appellate reversal. I guess that's what the defense attorneys were shooting for. Just five years. So to the next doan. If you commit fraud, you'll lose your liberty for a long time. As you will hear, you have been bitten by the crypto bug. And I don't think that's changed. You must be incapitated. I'm sorry, Incapacitated. If not for your guilty plea, you need to be decapitated, right? My sentence would have been higher. The judge also added your fraud was unusually serious. For four years you publicly lied to the market. The investors were taking a risk caveat emptor. But they were not taking the risk of being a fraud victim. What makes what you did so despicable is that you traded on trust. I think the judge makes a good point there. Kwan would be exp Extradited to South Korea after serving seven and a half years where he may complete the second half. So okay, so half the sentence could be in the US the other half in South Korea. I wonder which prison is more. Not that any prison is good, but one has to be maybe not as bad as the other. Or do you think they're equally as bad? Let me know. But apparently he'd rather be in South Korea. He could also face up to additional 40 years in prison in his native country. Well, if that's the case, why don't he just stay in the U.S. prosecutors said that the sentence in hearing that there's 16,500 victims from the collapse of Terraform. That's Luna. They had their own stablecoin. According to claims of the company's ongoing bankruptcy. Six of them were allowed to address the court via the judge's decision describing their financial losses. One of them sold said I sold my apartment in Moscow to invest with Do Kwon. One of the victims, according to the press said I moved to Tbilisi 81000 turned into 13 in the palm of my hand. Quan came up with Luna2 calling it L u n C. I guess maybe Luna Classic. He is not showing any responsibility for those who invested. I am now officially homeless. So yeah, a lot of people got hurt. Clearly. Kwan alleged that had the role in 2022 the collapse of the Terra ecosystem. We handed over the U S authorities December 2024 extradition from Montenegro his legal Team delayed proceedings for months presenting various challenges. What Quan expected to be in prison for years. The Terraform Co founder became the latest high profile crypto executive enter a plea deal. I mean we know about Bankman freed. He got 25 years. So I guess you could consider Do Kwon Lucky comparing him to that. Also more recently CEO of Celsius, former CEO Alex Mashinsky, I believe the name. He also got sentenced to 12 years and then cz served very little prison time. But you know, he more recently even got pardoned by the Trumpster. But there you have it, yo, you do the crime, you got to pay the time. I don't think, you know, the judge is gonna feel sorry for anyone involved in a multi billion dollar fraud. You know, you destroyed many people's lives financially and there has to be a consequence. If there was no consequence, it would just encourage more people to do those types of criminal activities. So they gotta set a precedent. You know what I mean? But there you have it. Let me know how many years you think I'll likely serve. Yeah, I mean, are you guys ready with a mom's spaghetti? Yeah. This was actually pretty cool news. Satoshi Nakamoto statue now lands on the NYSE and sign of the changing times. That's right, the New York Stock Exchange has become the sixth host of this disappearing Satoshi Nakamoto statue. Let me know if you guys seen it. It's pretty, pretty lit. A striking shift from a few years ago when crypto is still a taboo on the Wall street, long seen as a bastion of traditional finance. The NYSE called the installation of the shared ground between emerging systems and established institutions. The statue was installed by Bitcoin firm 21 Capital. Shout out to Jack Mers and all my bitcoin ballers. And they're the ones that just rung the bell recently at the New York Stock Exchange when their company 21 just went public, which was a pretty big deal. So as announced here on the NYSE on their tweet, Satoshi Nagamoto, baby, 21Capital places a statue of Satosh, the inventor of the bitcoin and nyse. The new home marks a shared ground between emergent systems and established institutions. From code to the culture, the placement represents an artistic reflection of how new ideas become part of shared history. Personally, I cannot wait to see this in the flesh because I haven't been privy to see this one yet. But you can see a young Jack Mahlers right there. And it's so cool because from a certain angle it looks invisible. Hence Satoshi Incognito. This is such an achievement. Even in our wildest dream. We wouldn't think about placing a statue of Satoshi in this location. The sixth of 21 statues of Satoshi found its home. We got to bring one of these statues to Puerto Rico, bro. Come on now. It also happens. Let me know the cost. I'll probably invest it. Can I make it possible? I'd like to invest in one of these statues for Puerto Rico. It also happens to coincide with the anniversary of the bitcoin mailing list, which Nakamoto launched December 10th of 2008. Bitcoin's Journey from Thought experiment to the mainstream asset Satoshi mined the genesis block. That was January 3, 2009, minting the first 50 bitties. And the rest is history. One year later, May 22, 2010, programmer Laszlo made the first documented purchase of the good juice in the biddy. Paid 10, 000 Bitcoin for two large Papa John paces. The most expensive pizzas ever purchased and probably to ever be purchased. Because damn near a billion dollars briskies. In the intervening years, bitcoin and crypto face many challenges as institutions, banks shunned them. Yeah, governments allegedly attempted to suppress them. Oh, they did everything they could to try to suppress them, but they couldn't stop it. Even Operation choke point 2.0 fell short under the Biden admin. Take that evildoers. However, it since turned to Kona. Skeptics such as Larry Fink have changed their minds about the tech. As if we need Larry Fink's permission to believe it's good or something. Or like J.P. morgan. Oh, my God. They. They're now pushing it. Who cares? They're lizard folk. But I digress. Public and private companies, countries, ETFs now collectively hold more than 3.7 million of the biddy. According to the Bitbo. We're 336 billion. Let that one sink in. Now Pakazi has five other Satoshi statues around the world. Currently located Switzerland, El Salvador, bitcoin country, Japan, Vietnam, Miami, Florida. We're definitely missing Puerto Rico now. Under the Satoshi Gallery handle said she is committed to place in 21 around the world. A possible reference, of course, to the 21 million bitcoin maximum supply. They also said the statue itself wants to give to the viewer this feeling of disappearance. In a sense that the inventor stays between the lines. As of today, Satoshi exists in the lines of the bitcoin code, allowing humanity to have the first decentralized payment system. It represents a hacker in his stereotype pose sitting with the laptop on the legs and is a tribute to all the developers and programmers around the world that helped to build the Bitcoin ecosystem fighting for transparency and freedom. Can I get an Amen? Very powerful. I'm all for that statue. I'm anxious to see what the other chosen locations are being. Again, if you're watching this, anyone involved with installing the statue, let's bring one home to Puerto Rico, which is considered the crypto Mecca of the United States by the way. So let's make it happen. Next story headline here. Bitcoin first crypto at scale inside the UAE's layer digital asset Strategy Sounds familiar, doesn't it? The United Arab Emirates. The UAE is not choosing between the bidding the broader crypto instead is deliberately building both in different cities for different stages of adoption. Now, Abu Dhabi, the capital of the uae, has positioned itself as a hub of the bitcoin focus and institutional infrastructure, emphasizing custody, over the counter liquidity, mining the regulated capital market. Dubai, by contrast, has built a broader crypto economy that spans payments, stablecoins, web3 apps, gaming, tokenization, consumer facing products. And while this shows a distinction industry participants noted, it reflects a layer strategy, not fragmentation. The two approaches are complementary. That's right, producer of the Bitcoin Mana, the largest Bitcoin Focus event in the UAE. That's where Mr. Sailor man just spoke. A broad digital asset ecosystem naturally directs attention towards the most secure and time tested asset Bitcoin. Together they create a diverse dynamic market across the uae. Dubai's ecosystem maximizes participation in the real world usage, according to Matthias Mendy, co founder of the Dubai Blockchain center and founder of the Web3 social verification platform. Bonus in simple terms, Abu Dhabi is building a crypto Wall street while Dubai is building the place where people actually use this technology every day. Now Davis argued that Abu Dhabi strategy is rooted in clear distinction between Bitty and the broader crypto landscape, quoting them here. Abu Dhabi has done the work to understand that Bitcoin stands apart from the broader digital asset landscape. Much of what falls under the web 3 remains speculative or built around problems that may not be a solvent. According to Davis, the intent to position Abu Dhabi as a center for the institutional Bitcoin is already visible. Major entities in Abu Dhabi gaining exposure to Bitcoin is a strong signal of a long term conviction. He added that clear regulatory pathways and public sector support have made the emirate attractive for the Bitcoin native firms. Recent developments back up this institutional bitcoin thesis. Abu Dhabi has emerged as a focal point for the large scale regulated bitcoin activity underscored by the launch of the Bitcoin Mina 2025 event which brought institutional investors, miners and infrastructure providers to the Emirate to discuss custody, mining and treasury strategies. Some of the global companies included Galaxy Digital who have expanded into Abu Dhabi under their ADGM framework citing regulatory clarity and institutional demand. Meanwhile, crypto exchange Bance secured full regulatory approval covering trading, clearing and custody. Dubai is building the crypto economy layer. Dubai is trying to build the full crypto economy around that and stable coins will be the visible part. Simple scan tap pay flow while the real world assets bring serious institutional capital onchain adding that the blockchain based digital IDs, non fungible tokens, vouchers and tickets make the whole system human centric and useful for the daily life. So yeah, stablecoins emerge as the first mass use rail. It seems they're being adopted everywhere right now. As Dubai's crypto economy develops, multiple industry leaders point to payments and stable coins as the first area of durable real world adoption. Quoting them here, Payments and stablecoin infrastructure will lead because they solve the universal and urgent problem cross border settlement that is slow, expensive and fragmented. And according to this analyst, regulatory clarity provides financial institutions with the confidence to integrate digital settlement rails directly into commerce. Once those rails are in place, the volume shall follow. And in Dubai USDT and USDC are actually used more than you think for rent remittances, real estate service payments and so yeah, they want a piece of the pie. So yeah big things happen in the uae. And as we shared sometime last week in the stream we referenced how Eric Trump said behind closed doors Abu Dhabi was purchasing Bitcoin like countries of the Middle east and you know the sovereign wealth funds. Big bucks, a lot of this oil money. Let's dive into our feature story of the day. A Bitcoin of 500 GS. Baby baby. Here's when to expect the price to hit the new record according to Standard Chartered Bank. That's right Standard charter just delayed is 500,000 bitty price target by two years. The UK based bank expects Bitcoin to top half a million per coin by 2030 instead of 2028. Why so bearish? Citing three structural changes that have forced them to pull back its prediction. Here's what they had to say. Price action has forced us to recalibrate our biddy price forecast, said Geoffrey Kendrick, not to be confused with Kendrick Lamar Global head of the Digital Asset Research as Standard Chartered, they're not like us wrote in a research Note to investors December 9th the forecast comes after the video dropped nearly 40% from the October 6th all time high 126. 3. The current firmament bringing it all the way down to 90. In fact we bottomed out at 80. Now we're back above 90. The drop, while sharp still falls within the normal expectation of course for the Bitcoin drawdown since the US spot ETFs launch two years ago precisely Jan 11th of 2024. But the revised timeline by Standard Chartered means Bitcoin's price action warrant to less than bullish outlook than what most analysts believe. Here are the three reasons behind the shift. Number one dad buying is over. The biggest change is the perception that the treasury companies are done and dusted. Quoting Kendrick here, we think buying by Bitcoin digital asset treasury companies is likely over as valuations as measured by the M Navs. The commonly used valuation metric for these companies no Longer supports Bitcoin DAT expansion Although it all began in 2020 with Sailor Strategy, the trend really took off this year. Meta Planet 21 Capital and many others have raised capital to buy the pretty little bitty. Their equity traded at massive premiums to the value of their bitcoin holdings, sometimes 200 or more, allowing them to issue shares and buy more bitty without diluting the shareholders. But until now, of late, those premiums have all but evaporated it like a magic trip trick by Houdini. Strategy, for instance, now trades at a 15 discount to his bitcoin holdings. Meta Planet premium fell under 7% from 230% while unrealized losses for a number of the treasuries nears 1 billion. Without these premiums, companies can't raise capital to buy more of the biddy. Still, Kendrick expects Treasuries to consolidate rather than sell. For fact, he says they're trying to strike a chord. It's probably a minor oops, that's JP Morgan. The having cycle is dead. The next reason for reasons investors and enthusiasts alike have believed that bitcoin follow a strict four year boom bust cycle. It goes something like this. Bitcoin mining rewards get cut in half every four years in an event dub the habitant. Then the price surges for 12 to 18 months post habit until the biddy hits a new record price. Once it peaks, crypto crashes 70 90% entering the multi year bear market until the next having kicks off another cycle and the next having is 2028. The pattern has held strong for three consecutive cycles spanning 2012, 2016, 2020 and 2024. That's four by the way. Not anymore, says Kendrick. We do not share the view that the having cycle is still valid. Let me know if you think the having cycle is dead fam. Unprecedented times. And he is not alone. A number of crypto industry of the big wigs have echoed his element. For example, Xiangping Zhao CZ former Bananz CEO said at the Bitcoin Mina conference happening December 8th to the 10th, the having event cycle seems to have ended. Kathy Wood of Arc Invests also agrees, quoting her here. The four year cycle is going to be disrupted. She shared with Fox Business. Bitcoin regularly drops 70 90%. The volatility going down like Charlie Brown it's down 35%. There's a fear of the four year cycle, but we think the move by institutions and the new asset class is going to prevent much more of a decline. Now for the third and final reason, the ETFs alone fuel the rallies. That's right, with treasury is buying done, wanting or waiting for your cycles, Bitcoin now relies entirely on the ETF flows. We now think bitcoin future price increases will effectively be driven by one leg only and that's the NI log. I mean the ETF buying, he wrote. Despite monetary outflow, the Black Rock IB recorded record sales November. For the most part, ETF flows have been relentless. Collectively the 11 providers hold upwards of 150 billion of the Biddy which translates 6.6% of the network's total supply. As Standard Chartered reckons, this figure will only balloon further, especially now that the 11 trillion Vanguard had pulled the U turn and starting to offer ETFs to its 50 million clients longer term ETF buyers much more important price drivers for the long term. Despite the delay, Standard Chartered remains convicted on their 500,000 target. We still think this target is attainable they say as portfolio optimization between the bitty and gold continue to show the global portfolios are now underweight bitcoin. And there you go yo. And as a bonus I want to throw this in there. Yong Hun Kim, IQ 276 world record holder, says my analysis suggests that Bitcoin may have set its bottom a few weeks ago and we can now be entering a true super cycle. Let me know if you agree. Disagree. And if we do enter a true super cycle, where do you think that will take the bitcoin price action? Holla at your boy. I'll read your comments out loud and welcome everyone to the Q A segment of the live stream.
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I hear the big friend coming. It's rolling around the bench. The Fed just ended QT and now they're gonna spend their printing loads of money Watch dollars fade away. You better bet your bottom dollar Bitcoin's here to stay. Let that number one coin go Doin, doin, doin doin Angels in the orange When I was just a newbie My mama told me son don't chase that shiny Fiat Just stack em one by one. But I bought bags of altcoins and lord, I lost my mind Now I'm stuck inside this bear cave While bitcoin climbs this time well I know the pump is coming I see that orange gleam the halvin hit the network now miners chase the dream and I'm sitting here stack learning with freedom in my view. But bitcoin keeps on rolling, breaking on free. I see those bankers smiling in suits of silver gray. They're telling folks it's risky but buying every day they hedge their fancy futures While plebs are stacking prey but we know what they're hiding Bitcoin won't fade away and when this thing hits orbit yeah, I'll be right on time. We already saw 100 hundred, we're headed past the climb. I'd move the whole darn nation to a bitcoin standard too. If freedom keeps on calling what else we gonna do? Well, if they freed me from this Fiat if that old system died I'd take my keys and wallet and walk with bloodborne pride Far from that broken money where truth still lights the way and I'd let bitcoin light. Carry me each day. Down in El Salvador they're living proof it's real they're buying fruit and coffee with sovereign orange steel While congress keeps on stalling. Wall street loves to sway we're riding this wild stallion Toward that bright hyper bitcoin well I know the future's rumbling like thunder cross the sky A million plebs are humming and Max is shouting by yeah, the whole damn world is shifting it's breaking clean and new and bitcoin keeps on rolling Breaking on through. Yeah, bitcoin keeps on rolling. And freedom's coming too.
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And don't forget to check out bitcoinnewsalerts.net for the full premium experience with video and to participate in the live stream along with the Q and A. And I look forward to seeing you on tomorrow's episode. Hoddle.