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2204: Saylor Backs Bitcoin to Clinch $1 Million - Predicts 10X Growth Over Gold
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Merry Christmas Eve fam. Welcome everyone to number one bitcoin pod. In today's show, I'll be sharing the latest ta everything you need to know in the markets including bitcoin do gains after record 24 billion options expiry lifts the lid on the bitcoin price action. Also Trump family link USD1. Their stablecoin supply is up 150 million as Bance rolls out their yield program. Also in the headlines today, El Salvador's bitcoin aspirations were brought closer to earth this year in 2025 as well as extended crypto ETF outflow show institutions disengaging according to the latest from Glass Node Analytics. Now investor Dan Tapiero declares the bitcoin bull market is in the mid cycle right now. Reveals his price forecast for gold, silver and bitcoin. I'll be breaking that down for you. As well as the latest from the Gigachad Michael Sailor backing his Bitcoin to clinch 1 million prediction. Also predicting 10x growth over over gold. I'll be breaking it down for you. We'll also be discussing the latest and greatest and everything that's happening in the market. All this plus so much more right here. Merry Christmas eve fam. Let's get it. Happy hoddle days. Bitty here to stay. Welcome everyone to the live stream Christmas Eve special extravaganza. Today is December 24, 2024. 5 I'm your host JV alongside the Fed chair Nip Anator. We got bitcoin in the red today, hovering just above 87,300 at the time of the live stream. And being this is a Satoshi Christmas special, let's get right into it. Without further ado, kicking it off with our market watch. As you can see, Bitcoin down 6% on the day as the correction continues, we have ether still under 3,000, down a quarter percent on the day as the bulk of the market correcting. And in the red, not really much in the green today Also crypto market cap continues on the decline, down 3% on the day. Currently sitting at 2.95 trillion. Total crypto market cap Bitcoin market cap is 1.743 trillion. Been a little stagnated. Trading sideways here over the past couple of weeks. Checking out top 100 crypto gainers past 24 hours. We got Canton leading the pack up 25% followed by Pippen up 11% and sky up up 6%. Very modest gains for those actually in the green as the bulk of the market correcting and in the red checking out The Crypto greed and fear index today same as yesterday 24 extreme fear. Last week a 16 and last month a 19 and extreme fear. Checking out the time chain Calendar Today's block height 929207 and count your blessings from Satosh Cuz as of Today, Christmas Eve December 24, 2025 you can exchange one fiat monopoly $20 1144 SATs so you know precisely what to do. You pick up the sats, put down the gats, pick up some bitcoin caps from a man. Sergio the the gift that keeps on giving. Whether you're giving bitcoin or bitcoin merch, it don't get no more lit than that. Especially during the holiday season. All right yo let's dive right into some of the live charts. We'll do some live chart action. Jackson Satisfaction today for the Brosis here on Christmas Eve. One hour chart on display via trading view via coinbase. You see can can see how sideways we've truly been trading. It's just straight sideways. Nothing, you know, a little up and down right back sideways. We've been stuck in this range for a while. Currently just above 87,300. We do have a red target on the screen sitting at 96 which would take us back to striking distance of 100k. A major psychological level. And then we have a bunch of bear scenarios. Read a couple of them. One is at 83 and the one right below that's at 82 ahead and shoulders zooming it out checking out the four hour. You're going to notice green candle which is nice. Prior to that was red candles like back and forth, you know, choppy flip floppity. But we do have a rising wedge Overall breakout. Red scenario 96 similar to the one hour and then the bear scenario is very similar to the one hour on the four hour chart sitting at 84 and then another one at 83. Let me know if you think the bottom is in. When we tapped 80,000 a couple of weeks back because that's the local low. More recent and yeah this time of year, Christmas Eve last year we were like 8,000 higher than we are today. So it's been a pretty bearish 2025 when we were all anticipating the fireworks. Yo checking out the daily. You're going to notice red candle on the day yesterday closed a red candle. Prior to that we had a few greens but that was after cascading maybe five days in a row of red and regaining some of those losses. Still have a long ways to go. The current top is still126.3 which was achieved October 6th. Ironic it was the same week as the government shutdown was announced and has been all downhill since then. Checking out the weekly we're midweek. It is hump day. Unfortunately we already have a pretty red candle formed so unless we reverse, we're most likely going to close out this final week of the year in the red. But remember, anything can happen between now and the end of the year. We got a full week left, you know, and it is a holiday week, but we do have a rising wedge overall. No particular bear scenario insight, but we. I mean sorry, no bull scenario in sight. The bear scenario unfortunately is 47. I don't see that happening, but there's been bears calling as low as 10,000 such as Bloomberg's Mike McGlone. I call but anyways, I always give you both sides of the spectrum here checking out the monthly you're going to notice Big ass red candle for November was the worst November in seven years. We had an October and now we're in the December. Hoping this all turns around. Extended cycle 2026 new all time high. Some analysts are saying we're in the middle of it all right now. We're in the thick of it, but we shall soon see. Ain't no telling with the constipated Ms. Yelling and let's dive a little deeper here. This is the big news. A lot of eyes focus on Bitcoin DO gains after record 24 billion options expiry lifts the lid on the bitty price action trading view should Bitcoin cling into 87 with the Christmas holidays amongst us there were tipped providing volatility our own especially with record options expiry event. Dude, that's this Friday two days out. Historically Bitcoin has tended to experience 5 to 7% swing during Christmas period, a pattern often linked to the year end options expert rather than the fresh fundamental catalysts. According to QCP Capital who share here this Friday's record expiry no exception, roughly 300000 Bitcoin option contracts equivalent to $24 billion alongside 446, 000 Ibit option contracts all set to expire this Friday. And so that's where we're watching right now. You can see the total bitcoin options that open interest via this coin glass chart on your screen. QCP noted the expiry constituted over half the open interest on major exchange derit with the max pain level of 95 G's practically a God candle from where we're at quoting them again. A clearer picture of the downside positioning should emerge after Friday's option expiry, particularly whether the large December 85,000 puts are roll forward, closed out or replace further down the curve. The expiry had been the interest of market participants earlier this month. Executive David Ang described the event as acting like a lid on the bitcoin price upside, quoting them here Before XPR Bitcoin looks weak and boring after xPR structure changes, 100,000 being the target, the line in the sand. This is a textbook setup. Volatility suppressed by design, then release by the calendar Bitcoin Playing the Waiting game as stocks and goal rise in fact, I know Silver was having a massive breakout the other day. Gold just hit another all time high. So bitcoin currently stalls between 85 and 90 for multiple weeks. It's been pretty boring, right? It's a waiting game. According to Mikhail Van de Pop, he suggests stocks first needed to find a local high before the capital could flow back into the crypto, a theory also applied to to the precious metals. The upside in silver, palladium and platinum is a short squeeze. It's unsustainable. According to another analyst, Garrett, who shared once they start to reverse, they're likely to drag the goal lower as well. The capital will rotate out of the precious metals and into the bitcoin and ethereum. The doing. Let me know if you agree. Disagree. Let me know if you think the bottom is in and do you think this options expiry will result in a breakout to the upside or a breakout to the downside? Let me know either way. And next up we'll discuss the latest with Trump stablecoin. So yeah, here's a next story of the day. Trump family link USD1, which is their stable coin. Their supply is up 150 million as Bance rolls out their yield program. Yeah. World Liberty Financial USD 1 stablecoin linked to the family of President Trump gained 150 milli in market cap Wednesday after Bance announced a yield program centered around their stablecoin. The stablecoin market cap climbed from 2.7 billion to 2.89 billion Wednesday after they announced its booster program offering up to 20% annual percentage rate APR on their USD1 flexible products for deposits exceeding 50,000. The first promotion was designed to help the USD1 hodlers to maximize their rewards and runs until January 23rd, 2026. You got approximately a month from now with the passive yield on the bonus tiered APR distributed directly in Bance, users earn accounts daily according to the announcement, the USD1 stablecoin is part of the Trump family growing crypto ventures which reportedly generated 802 million worth of income just in the first half of 2025. You can see in this chart shows you the USD 1 market cap and you can see it's at an all time high right now. Banant had been launching increasingly more products making USD1 a growing part of its ecosystem. Not surprised. You know they've been scratching each other's back. Cz, the finance founder and you know Trump gave him a pardon. I know CZ invested a couple of billion dollars, you know they're definitely doing business together here. Dec. 11 the exchange expanded support for USD1 stablecoin, adding free trading pairs fee free on the leading cryptos and said it would convert all collateral assets backing its Binance stablecoin into USD1 at a one to one ratio. And in May, USD1 was used to settle. I think that's Mt. Gox MGX's 2 billion investment into the Binance exchange. Or maybe it's not. I don't know what the MGX is, I'm just assuming there, you guys let me know. But anyways, according to the announcement by Eric Trump during the panel discussion and token 2049 in Dubai, the increasing ecosystem implementation for the world's biggest exchange has been part of the Stablecoin climb to become the seventh largest stablecoin by market cap. So that was pretty fast, right? Obviously Tether USDT is winning by a long shot here. Their market cap is approaching 200 billion which is mindboggling, yo. Then you have USDC with 76 billion. You can see USDs at just shy of 10 billion, Dai at 4 billion, PayPal stablecoin at shy of 4 billion. And then you see Trump's at 2.891 billion and you can see it just mooning right now. Some questions remain unanswered regarding the ties between Banana and wlfi. As July Bloomberg report suggests Bance was responsible for developing some of the code behind USD 1, citing anonymous sources familiar with the matter. In response, CZ claimed that it contained factual errors, teasing he might sue them for defamation. Lawmakers also raised concerns about the alleged relationship. In October, Connecticut Senator Chris Murphy said Binance us, a separate legal entity of the exchange, was promoting Trump crypto a week after Trump pardon Binance's owner. So some would say that's some form of a conflict. But you let me know your thoughts. My understanding is, you know, you scratch my back, I scratch yours. Favor for a favor. Godfather style. So I'm not surprised. That's pretty normal, you know, in business ventures or JVs and such. But you guys let me know your thoughts. Anyways, back to the crypto conversation. Let's continue where we left off. Here's the latest out of El Salvador Bitcoin's aspirations were brought closer to Earth in 2025. This is an article just published. This is El Salvador. First country in the world recognized biddy as legal tender was seen by many of the industry as a pioneer. That's right, because it was the first country to adopt it. In 2025, the small countries bitcoin ambitions met reality. The Central American country made waves 2021 when the Legislative assembly approved the bill requiring all merchants, stores and business to accept bitcoin as a form of payment. Proponents believed it would set off a chain a bitcoin adoption and be a boon for the country's economy. Ambitious adoption plans, including the issuance of a bonds to fund bitcoin city, met lukewarm adoption from Salvadorans. Adoption was further muddied by concerns from the imf. These worries came to a head this year when El Salvador had to take a second look his Bitcoin policy. The passage of El Salvador's Bitcoin law was quickly followed by the rollout of the Shivo wallet, the official bitcoin wallet of El Salvador, which was created by a third party, by the way. Citizens were even incentivized to sign up and get like 30 bucks worth of free bitties. But for many they just took the free money and ran, which was fine and never used the app again. By law, bitcoin should be accepted everywhere. But attempts to use bitcoin in El Salvador were met with limited success. Success by those who tried. In my understanding, after visiting some vendors or businesses openly accept it. They'll have a sign we accept bitcoin and others don't and you as a customer get to decide do you want to pay with bitcoin and support a vendor or small business owner accepting bitcoin or do you want to pay with fiat? The choice is yours. No one's being forced is my understanding yo. But anyways, on the ground, adoption concerns aside, there's one other looming issue. El Salvador's debt and the IMS position on Bitcoin and crypto. El Salvador seeking a 1.4 billion loan from the IMF as his public finances and debt needed reinforcement to be sustainable, its external reserves and economic buffers were also wearing thin and needed strengthening against potential shocks. Now cutting through the FUD of the matrix fam and the imf, which we all know doesn't have our best interests at hand. My understanding is El Salvador did take the $1.4 billion loan, but they did not slow down or seize acquiring bitcoin. They've been averaging one bitcoin per day up until recently. Bukele bought the dip and purchased a massive amount of bitcoin. So they never ceased buying bitcoin. Anyone telling you that they have is spreading fud. So this part of the article says Bukele makes a deal with the devil but keeps buying bitcoin. Amid these concerns, the IMF made granting the requested loan conditional on El Salvador narrowing the scope of his bitcoin law. El Salvador's economic needs were greater than the government's bitcoin ideals, and it repented. That's according to this article. In January, El Salvador made accepting bitcoin. Voluntary and insured taxes would only be paid in US Dollars, the country's de facto currency. Many crypto industry observers were despondent. For example, chief technology officer of Komodo wrote in an article that the revolution is dead in El Salvador. Sounds like he's spreading fud, and you got to be able to, like, decipher through the fud, you know, So I feel personally after, you know, spending some time there and I'm going to be back there in a couple of weeks, that Bukele had to do what he had to do. And they're not slowing down their bitcoin adoption, but they have to, you know, change gears a little bit in the sense. Yeah, the shivo wallet. Some people weren't so fond of it, so they're doing away with it. It's by a third party anyways, and just means you guys have the choice to choose whatever wallet you want to use. If you want to use bitcoin to pay for something, no one's forced to use that particular wallet. There's plenty of other hot wallets, you know, to choose from. Bukele wrote here, this all stops in April. This all stops in June. This all stops December. No, it's not stopping. If it didn't stop when the world ostracized us and most bitcoiners abandoned us, it won't stop now, and it won't stop in the future. Proof of work equals proof of wi. Oh, sorry. Proof of work is greater than proof of whining. And he makes a great point. And here's the proof of work by the bitcoin office ran by Stacy and Max. El Salvador buys another bitcoin for the strategic reserve. So don't believe the FUD is the bigger picture. Bukele has been loyal to the prelo bitty since being the first nation to make it legal tender. You know, back in 2021, which was one year after Sailor adopted bitcoin for what was formerly known as micro strategy. So the question of how El Salvador continues the bitcoin purchases despite the IMF deal would resurface several more times. In April, El Salvador bought seven bitcoin and. And then someone said the country was still in compliance. And then by May the IMF delivered the first 120 million of its loan and said the El Salvador must make efforts to stop purchasing bitcoin. El Salvador apparently didn't hear it because a month later it bought 240 Bitcoin. That was the big acquisition on the dip. So the IMF's flexible interpretation suggests purchases may involve non public sector entities or reclassified assets maintaining technical compliance. By November, El Salvador bought around 100 million of Bitcoin. And the IMF shared that it's not going to provide a running commentary on each bitcoin related announcement. And as of December 12, El Salvador holds 6367 Bitcoin according as you can see here, it's all public record worth 588 million and 267 million in profit. So what's ahead for the bitcoin business in El Salvador? We know we have Tether and Bitfinex derivatives announced their moving offices to El Salvador. Supposed to be a big tether build being built like a skyscraper. After securing the necessary licensing from the local authorities, Tether said it chose the country for its forward thinking policies, favorable regulatory environment and growing bitcoin savvy community. So yeah, I mean here's another thing. Who's benefiting from El Salvador buying bitcoin? Quoting someone here. Since the government entered into the contract with the imf, Bitcoin is no longer legal tender and we haven't seen any other effort to educate people. I think that's. I know there's a whole movement on educating people in El Salvador about bitcoin. I mean look at the bitcoin office and all the educational programs that are being run. You know, the government apparently continues to accumulate Bitcoin which is beneficial for the government. It's not directly good for the people. I disagree. And let me tell you why adopting Bitcoin has been so beneficial to the people. El Salvador has transformed thanks to Bukele and Bitcoin from the murder capital of the planet to the safest country in the Western Hemisphere. There hasn't been a single homicide from my knowledge in over 1100 days, I think fast approaching 1200 days. So that's first and foremost. Bukele cleaned up the country and they ultimately incarcerated all the gang violence that was occurring. And so now it's extremely safe place to be. The people can actually go outside and and enjoy themselves, something they weren't able to do prior without worrying about being murdered. So I'd say El Salvador's people are winning, you know, first and foremost. So let's cut through the fud. And number two, if the country or the government is winning due to their bitcoin investment, then naturally the people benefit from that as well. That's why you have fantastic libraries and fantastic public places to be. And I've been there. It's beautiful, it's amazing. I'm impressed and I can't wait to revisit. Less than a couple of weeks I'm counting down, but there you go, yo again. Don't believe half of what you read, because a lot of times things can be very misleading. You know, as John Gotti said, believe half of what you you hear for that sake. Next Headline fam Extended Crypto ETF Outflow show Institutions are disengaging this is brought to you by Glass Node, they wrote. The persistence suggests a phase of muted participation and partial disengagement from institutional allocators, reinforcing broader liquidity. Contraction across the crypto market flows into the crypto ETFs usually lag the spot markets for the tokens, which have been trending down since mid October, or as I would call it, October. The ETFs also considered a bellwether for the institutional sentiment, which has been a market driver for most of the year but seemingly turned bearish as the wider market has contracted. Coin Glass said Aggregate Bitcoin ETF flows have been in the red for the past four consecutive days. IBIT has seen minor inflows over the past week, according to the analysts of the Kabisi letter here. Crypto ETF selling pressure is back, it reported. The crypto funds recorded almost a billion in outflows last week, which explains why we've been having a massive correction and investors have now withdrawn capital in six out of the last 10 weeks, despite the recent outflows. Industry dominant BlackRock Fund has seen 62 and a half billion in inflows since inception, eclipsing all rivals spot Bitcoin ETFs Bloomberg analyst Baltuna said Saturday. Ibit is the only ETF on Bloomberg's 2025 flow leaderboard with a negative return for the year. The real takeaway is that it was sixth place despite the negative return. He also said Black Rock's Bitcoin Fun even took in more than the SPDR Go shares which is up 64%. That's a really good sign long term in my opinion. If you can do 25 billion in a bad year, imagine the flow potential in a good year. Makes a great point there, yo. Next up, I'll share some bullish predictions from Dan Tapiero on Bitcoin coin, gold and silver. And then our feature story. Michael Sailor backs Bitcoin to clinch 1 million per coin, predicting 10x growth over the precious metal gold. But anyways, let's dive right into our next story of the day as the Bitcoin's back in the green baby baby. Let's start right here with this post from Dan Tapiero. He wrote on X Bull market and Bitcoin blockchain Digital assets still mid stage. He's ultimately saying we're mid stage of the cycle right now. Price unchanged vs goal since 2021 inconsistent with the huge number of positive fundamental developments in the digital asset ecosystem since that time. Yes, short term interest rates were lower in 2021, but the space today is so much more mature, more tested, diversified, producing much more revenue. And as the more successful private DAE companies come to the tradfi public markets, whole new world of liquidity opens up like Pandora's box. Tradfi stamp of approval from the NYSE and the Nasdaq helps legitimize the space as if we need their help to legitimize us. You know what the but anyways acts as a confirmation that accounting records and governance are in order. Crack an IPO coming soon as well as four or five other prominent companies. M plus A Heating up the Americanization of the crypto theme has just begun and has a lot further to run. We will not see mean reversion and trend of US outperformance today the US equity market cap is 65% greater than Europe and Asia combined. Many European stock markets are unchanged or lower than where they were in 08. Nasdaq is up over 10x since 08. The world of wealth and money has changed dramatically and we'll see important cultural political ramifications and as a result expect many more global crypto blockchain businesses to come to tap the US financial markets. The Spocks, the RTOS, the IPOs, the DAES the companies will continue to reinforce the US dominance rest of the world can't compete ex expect US acceleration dominance of the US capital market further reinforced by the massive 25 trillion of the stablecoin volume mostly in US dollars this year from essentially zero volume five years ago as well as friendly regulatory backdrop for innovation and invention of the crypto blockchain. Today, five to ten significant crypto blockchain public companies expect at least 50 more coming in the next five years as US dominance accelerates. Someone responded, you think bitcoin in a bull market as opposed to precious metals, Dan? It looks like to me the bitcoin four year cycle is on point thus far. Dan responded, both are in bull phase. Clearly gold and silver and stronger part. But bitcoin will catch up. And someone else responded, the Americanization of crypto is the biggest macro play no one's talking about. Dan said, yeah, recent theme we were very focused Binance Approximately 40% of the market share Total global trading volume US Coinbase 2% of the crack and less than the Gemini fraction. Less seems wrong looking out five years given the strong US push today. And now for some of the particular predictions which come from Dan. Here's the dilio. Let's see. I know we got some targets somewhere here. Here we go. As for price forecast, Tapiero says he sees silver heading to $85 per ounce. Gold at 5500 an ounce. I think gold just cracked 45. So that's another thousand price appreciation and Bitcoin 180 GS. So at today's price that means practically 100,000 which is a Omega candle from here. Send it, let me know if you agree disagree with Dan Tapiero. And speaking of bulls, now for our feature story of the day. Michael Sailor backs bitcoin to clinch to 1 million and also predicts 10x growth versus the precious metal gold. You already know gold is the poor man's bitty. But yeah, strategy founder M. Michael Sailor predicted bitcoin reaching a million per coin within a 10 year window. I mean that's a very long time. I would dare say bitcoin can you know, hit 10 million within a 10 year window. But that's just me. The billionaire backed the largest crypto to outperform gold by 10x. That's right. In the coming years to become the de facto safe haven asset. Sailor, founder of strategy as we know formerly known as microstrategy double down as prediction for the biddy tipping the asset to have a meteoric table a 10 year run. And according to Sailor, the price 1 bitcoin is 1 million per coin. It's inevitable. Forecasting the asset to reach the milestone within the decade. Sailor shared his thoughts in a recent interview with Sky News following his keynote address at the Bitcoin Mana 2025 event. Per Sailor, Bitcoin's incoming meteoric run will see its market cap surge from 2 trillion to 20 trillion, which is virtually a 10x over a 10 year window. While backing the premier crypto to reach 200 trillion market cap. And you may be wondering where would all that money come from? My understanding is the total addressable market for money in the world is like north of 900 trillion. So it would ultimately mean like 1/3 of all the money flowing into bitcoin, which is phenomenal because that's then 100x from where we're currently at. And you could use your imagination fam, if we were to 100x in price action. Yeah, I believe that's close to freaking 10 million per coin. And I've also heard Sailors say Bitcoin would hit 21 million per coin within the next 21 years. He's also discussed that on stage. And when quizzed on bitcoin and goal, Sailor pitched his tent with bitcoin. While conceding gold will still be relevant in 20 years, Sailor noted bitcoin will emerge as the leading safe haven asset. I believe it already is, but we just got to catch up via market cap, right? He says I expect bitcoin to emerge as the dominant digital monetary network of the world and it is the world's reserve capital. I don't think gold will do that. I think that Bitcoin will be 10x bigger than gold. Damn straight. And despite Sailors predictions, gold has outperformed bitcoin this year. With it up 60 year to date. Just recently hit a new all time high. I believe it was roughly 4500 an ounce. Meanwhile Bitcoin is down some 5% this year. In fact we're lower in price than we were Christmas Eve last year. I posted the price action historically for the past 10 years on Christmas Eve which we discussed earlier in the show. So unfazed by the asset short term price performance, Sailor strategy is on a bitcoin buying spree. They currently hold 671,268 bitcoin. And speaking of other bullish predictions, Charles Hoskinson who is the Cardano founder, he also tipped bitcoin to reach a million in the near future, projecting 250000 target by the end of next year. Also we have Ark invest as Kathy Wood back in a bitcoin valuation above a million per coin by 2030. In fact she's even said 2.3 million in a bull scenario. And then we have Peter Schiff, you know everyone's least favorite gold bug. Always fighting the bitcoin. I mean that's what Peter Schiffmeisters do. Peter shifty, low down, gritty and grimy. But there you go yo. That's the latest. Let me know if you agree with the Gigachad. Where do you see the pre little bitty likely going? Do you think this will be an extended cycle? We continue breaking out hit new all time high price discovery mode 2026 leading into the next having a 2028 Holler and I'll read your comments out loud and Merry Christmas. This gong strike is for everyone in attendance this beautiful holiday. This gong strike is for you. 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 and A. And I look forward to seeing you on tomorrow's episode. Hoddle.