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JV (Bitcoin Podcast Host)
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JV (Bitcoin Podcast Host)
Welcome Bitcoin Fam to the number one Bitcoin pod. Bitcoin dumped another 12% on the day touching a new cycle low of 65,000 thousand and the carnage continues. In today's show I'll be breaking down the latest TA and we'll also be discussing Trump link WLFI faces probe over 500 million UAE crypto deal and also they just dumped a bunch of their wrapped Bitcoin believe it or not. Also we'll discuss corporate Bitcoin holding strategies must evolve or face stagnation. Also Bitcoin ETFs extend losses with 545 million of outflows as Bitcoin price continues to to fall. We also discuss US won't bail out Bitcoin according to the Treasury Secretary Scott Bessant. Also adoption does continue though ironic enough across the US as Virginia just advanced their bill in the committee to establish the state Bitcoin Fun. We'll also be taking a look at the overall crypto market, the carnage. All this plus so much more right here in today's show. There's carnage in the streets today. Bitcoin's now down almost 10,000 on the day. We just touched 64, 000 which is the new cycle low. That's almost a 13 loss. Just with bitcoin, where do you take a look at the coins? Good Lord. Some of them are down well over 20% in the past 24 hours as almost everything is getting wrecked right now. So without further ado, you already know I'm your host JV alongside Fed Chair Nipinator. Today is POT episode 2002 243. Let's dive right in checking out coin 360. It's not a good site man. Everything in the blood red today. XRP the big loser down 23% in one day. Now trading at a dollar 18. Bitcoin down almost 12%. You know, trading in the 64,000 range ether under 2000. It's trading at 1900 right now. Another one down 12% on the day XMR which is Monero down over on the day Z Cash looks like down close to 20 on the day. But many of these alts man rec city which you can expect when Bitcoin's correcting 12 on the day itself. And checking out coin market cap. This is going to be crazy. Total crypto market cap has fallen another 10 all the way down to 2.29 trillion. Bitcoin market cap is all the way down to 1.3 trillion. In fact let me refresh, it may even be lower because we're falling in real time, you know and checking out top 100 crypto gainers past 20. Is there anything in the green? No. You know virtually everything is wrecked right now as you would expect as a lot of money is leaving the crypto sphere and it makes you wonder where the is all the capital really going. But checking out crypto greed inferior index we're all the way down to a 12, the lowest we have seen. It was actually more recently in October when we we were at a top of 126. 3 and then we had the massive sell off on 1010 and I remember we hit a bottom of 10. Well today is a 12 in extreme fear. Yesterday a 14 and last week and last month of 44 in fear. Checking out the time chain calendar. I'm going to show you the silver lining in a split second. Today's block height 935 163. The silver lining is today you can receive 1553 SATs per dollar. One week ago today and I know because I verified it, I checked out an old post from a week ago and I reposted it with how many sats you can get today. You could have got 11, 11 sats per per dollar seven days ago. Now 1555 sats per dollar. So you know precisely what to do. You pick up the SATs, put down the gats and pick up some bitcoin caps from my homie Sergio over@bitcoin caps.net now let's do a little live chart Action Jackson Satisfaction, Bo Jackson, Tony Braxton Today for the baddies. Sorry to dedicate such a miserable price action day to the baddies but you got to do what you got to do and I mean the price has fallen so far off the charts is barely even visible but we are at exactly 63, 900 at this very moment in time during the live stream and as you can see, the worst chart action I've seen in years. It's bad. I'm not gonna sugarcoat this, but let's zoom it out. Does it get any better? Probably not. Checking out the four hour. There's so many red candles consecutively I can't even count. I run out of fingers and toes. I don't even know what to do at this point. Checking out the daily you're also going to notice. I mean this is the biggest red candle on the day, I don't know, maybe of all time. It's bad. Nah, we've had worse days. But this is pretty significant. Compare it to yesterday's red candle and the candle before and I know some of these candles may be off the screen because we're correcting so badly and it gets cut off but you can see the gist of what I'm saying. Checking out the weekly okay, you can see better here. Still significantly below the moving averages. One, two. This is the third consecutive red candle. Still three days until we get the weekly close and this week has been horrific. Way worse than the previous two weeks which were pretty horrific and of themselves and checking out the monthly. This supposed to have been our bounce back month but this is now going to be the fifth consecutive red month unless we get a drastic bounce and things change super fast. But you can see we're now 63. 3. We're dropping so fast it's hard to believe. Maybe she's born with it. Maybe it's Maybelline. I don't know anymore. But let's do a little analysis paralysis on the day bitcoin price dropped below 64 as the veteran raises campaign selling alarm Sound the horns. Ring the alarm Now Peter Brandt. I very rarely entertain him. He's a perma bear. But considering the market has fallen to I'll actually read what he says here. The nature of the decline in bitcoin has all fingers printing of campaign selling, not retail liquidation. Seen this before hundreds of times over the decades. Never know when of course the pattern ends. Note to the trolls, red lines are just discussion points. So put away your screen capture tools. Onchain data I showed for instance here on Thirsty Throwback Thursday Bitcoin minor net position change metric showing a clear Peter shift and net distribution throughout January with the miners consistently sending more bitcoin to the market. And it just means a lot of selling is going on. Unfortunately US spot big on ETS reduced their exposure with a Bitcoin balance falling to 1.27 million as of Wednesday from 1.29 million at the beginning of the year. The Coinbase premium parameter linked to institutional interest also fell to yearly lows, as you can see here. Brought to you by Glass Node. This distribution boosted the bitcoin chance of reaching the bear target of around 63. 8, which we just dropped below, down 10 from the current levels and again we just hit this. So yeah, Next target in play 55 GS this is according to Gaga on chain. The downside target aligned with the lower zone in the red here in the chart highlighted the Bitcoin DCA dollar Cost Average signal cycle metric below.
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JV (Bitcoin Podcast Host)
Bitcoin one week to one month realized price and helps identify periods where the bitcoin is structurally undervalued. Quoting an analyst here, Gaga on train the current price convergence towards the band signaling the start of the accumulation phase situated at around 54. Six suggests we're in the critical transition between capitulation and accumulation. Meanwhile, other analysts highlight potential accumulation window emerging after July of 2026 based on the historical lag effects between the widening credit spreads and the bitcoin market bottoms. Now I want to give a shout out to Siphonis author of the Bitcoin Standard he makes a lot of sense here. Once every four years Bitcoin crashes and fiat casino traders trot out a chart of the last month to gloat hoping it'll erase the pain of spending years of trading staring at the charts only to be down 80% in Bitcoin terms underperforming all the hudders who live their life chart free. And I must unfortunately announce we are now officially down over 50% from the top which was achieved October I think that was October 6th we hit the 1263 which is the current firmament and it's been a rough ride yo but here we are next headline Corporate Bitcoin holding strategies must evolve or face the stagnation. There's also rumors of circulating that Sailor can get liquidated But I hate spreading fud and who really knows the truth. I've heard all sorts of theories where Sailor can't get liquidated unless you know Bitcoin collapsed sub 25 GS I've heard others say no once it goes down to 60000 he's you know but who do you believe? Fed Chair Nipinator. That's about it. Strategy continues to buy Bitcoin. Meanwhile dozens of other public companies hold their investments and remain silent. A lot of companies getting wrecked right now yo the silence is the story Corporate Bitcoin's first act the brave accumulation in the face of skepticism over what got companies in the game won't keep them competitive. Buying Bitcoin in 2020 was a statement. Sitting on it in 2026 is a mistake. The market has moved past declarations of faith. Corporate Bitcoin treasuries need to show they can actually use the ass not just warehouse it. Passive holdings isn't cautious anymore. It's lazy capital management. Holding Bitcoin outright was a necessary first step. The price appreciation validated that the bet for the early movers Passive holdings did not generate the yield. Traditional treasury operations don't tolerate assets that produce zero income. Idle cash gets deployed into the T bills commercial paper money markets anything that generates yield and maintains liquidity. A static Bitcoin position sits outside this framework. It locks up the capital, produces no cash flow and contributes zero to the operational strategy. The opportunity cost is glaring. Chief Financial Officer sweat over every basis point on their cash reserves. Running models on overnight rates, short term instruments. Somehow a 50 million bitcoin position gets a pass. It sits there generating no yield while every other dollar on the balance sheet is being actively optimized now the infrastructure for active management is here. Institutionalized decentralized finance infrastructure has now matured a new generation of the Bitcoin back instrument enabling Treasuries to deploy Bitcoin as productive collateral within regulated frameworks. These aren't the unsecured lending protocols that blew up in 2022. They are fully collateralized systems built for audit committees and compliance teams. Now a blueprint for the modern Treasury. This isn't theoretical anymore. Public companies are starting to move portions of their Bitcoin into yield generating instruments. Fully collateralized, auditable. And speaking of auditable, it was also released in the Epstein file drop. Epstein confirmed that there's no gold at Fort Knox. So let's audit that mofo yesterday and just got to throw that out there. Keep you guys accountable. Evildoers out there running the world. But anyways, a NASDAQ listed company can now allocate part of his Bitcoin treasury to a structured yield generating investment without compromising the governance of standards. The capital stays within a controlled environment. The coming market divergence, the market will split fast. Companies that actively manage their Bitcoin will trade differently from those who just hold it. The question shift from do you hold Bitcoin? To what are you going to do with it? Static reserves generating zero income will get discounted just like an under utilized asset on a balance sheet. This growing divide is a credibility race amongst firms using crypto reserves strategically rather than symbolically. Corporate leadership now faces a clear choice. Buying Bitcoin was so easy, managing is productively harder. The next wave of adoption won't be measured by their holding size but by their strategy sophistication. And there you go yo. But we all know Sailor is going to continue to buy Bitcoin. He already controls a significant portion of the total supply, has well over 700000 in his company at least. Strategy. And that's precisely what they do. They're a bitcoin accumulation or Bitcoin treasury play. And that's their core goal. Become the largest and maintain the largest Bitcoin Hodler. The only institute with more Bitcoin than Sailor at this point is you know, Larry Finks Blackrock. And that's like a $12 to $15 trillion asset manager, you know. And Sailor is officially though in the red with his holdings. You know obviously we know his average buy price I think was 77. So as of yesterday he flipped in the red. He's now down billions of dollars. And you know there's a lot of speculation, like I said, some say the unwinding will commence this cycle and strategy is others are saying there's nothing to worry about. What are your thoughts? Give me your take and I'll read your comments out loud. Yeah. Next story regarding the ETFs extending their losses with another 540 million of outflows as Bitcoin is plummeting in real time. I mean this article was written four hours ago and it said Bitcoin nearing 70,000. Just to give you the perspective of how fast we're dropping, we're currently 63,000 again just significantly dropping. One of the worst days in Bitcoin history here Market in your calendar February 5th bro. But anyways, Bitcoin ETFs extend losses on Wednesday amid the price approaching 70,000 adding to the mountain pressure across digital assets. ETS recorded 545 million of outflows on the day, pushing the weekly flows into the negative and I would assume today is going to be even worse than those recorded yesterday. As far as outflows. Clearly year to date the funds attracted 3 and a half billion of inflows, but seen 5.4 billion in redemptions, leaving them negative by 1.8 billion. Total assets under management current currently situation at 93 and a half billion. The bearish ETF sentiment mirrors the broader market weakness with total crypto market cap down 20% year to date fallen from 3 trillion, now lower than 2 and a half trillion. Again we're dropping in real time. A lot of liquidity fleeing or exiting the market. Despite facing the biggest losses since launch and two years ago, Bitcoin ETFs are resilient amid the market volatility. Cumulative net inflows for the spot bitty ETFs measured 54 billion. The market is just 13% down from the peak of 62.9 billion back October of last year. That's not too shabby considering These funds took around 63 billion at their peak, according to James Safart Fart Bloom, Bloomberg ETF Analyst we also have Eric Balunes who points out facts only 6% of the assets of the Bitcoin ETFs have left despite nasty 40% downturn and many being underwater. The OGS on the other hand. Belchuna has estimated that only 6% of the total assets have exited the funds even as bitcoin prices fall sharply and many investors remain underwater. He also mentioned Black Rocks IBIT saw The assets dropped to 60 billion after peaking at 100 billion for a hot second. It could stay stuck at this level for the next three years and it still be the fastest all time high ETF to hit 60 billion. And against the backdrop of the heavy outflows for the Bitcoin, ETFs Altcoin Fund saw mixed flows overall, lots of outflows including ether 80 million XRP 4.5 million and then we had Solana with 6.7 million all taking big losses. But anyways next story US won't bail out the Bitcoin according to the Treasury Secretary. That's right, U S Treasury Secretary Scott Besson testified before Congress Wednesday, reiterating the U.S. will retain the bitcoin acquired through the asset seizures, but will not direct private banks to purchase more bitcoin in the event of a market downturn. California Congressman Brad Sherman, major critic of the Biddy, asks Bessant, does the Treasury Department or the various components of the FOMC have authority to bail out bitcoin? Here's his response. Sherman then asks Besson if he plans to direct the private banks to acquire more Bitcoin or Trump coin. Oh please say no. A reference to the meme coins connected to Trump through changing banking reserve requirements to allow them to buy more. Besant responded, I am Secretary of the Treasury. I do not have the authority to do that. And as the Chair of the Financial Stability Oversight Council, I do not have that authority. Well, who has the authority? Besson added that the 500 million and seized Bitcoin retained by the US government had surged to over 15 billion. Wow. While in custody, that's a 30x if you run the math, that's not too shabby. The testimony is the latest update for the Bitcoin Strategic Reserve Initiative, which was established by the Trumpster through the infamous Executive Order back in March of 2025. However, the order has drawn backlash from some of the community.
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JV (Bitcoin Podcast Host)
Get started@vanta.com us to acquire more Bitcoin through the Budget Neutral Strategies only which I'm sure you guys have heard. Trump's executive order had a clear stipulation. They could only acquire more Bitcoin if it didn't cost taxpayers money, which means a budget neutral way of acquiring it. Budget neutral methods do not add line item expenses to the US Budget and include converting other existing reserve assets such as petroleum or precious metals to Bitcoin. This means US Government will not acquire additional BTC and open market operations as many in the community had hoped for. And here's what Treasury Secretary Scott Bessant actually shared Timestamped this was last year. August 14th it got almost 5 million views. Bitcoin that has been finally forfeited to the federal government will be the foundation of the strategic Bitcoin reserve that Trump established in this March executive order. In addition, treasury is committed to exploring budget neutral pathways to acquire more Bitcoin, to expand the reserve, and to execute on the President's promise to make the United States the Bitcoin superpower of the world. Now the U S Government actively buying Bitcoin creates demand for Bitcoin, which may raise asset prices, potentially send a signal to other nations to establish their own strategic Bitcoin reserve, according to the Bitcoin advocate Samson Mao. And speaking of Samson, I need to talk to Samson. All right, fam. Now for our future story of the day. Virginia advances the bill in the committee to establish the state Bitcoin fund as Bitcoin continues its bloodbath in real time. We just touched 62500 and we're continuing to drop. How low will she go? But anyways, Virginia lawmakers are moving forward with a proposal that can see the Commonwealth among a growing number of states exploring direct exposure to Bitcoin and other digital assets through public reserves. This is Senate Bill 557, patron by senator Reeves who established the Commonwealth Strategic Crypto Reserve Fund, a special non revertant fund housed in the state treasury and administered by the Virginia State Treasurer. The measure advanced this week after passing the State General Laws and Technology committee in a 13 to 2 vote. Under the legislation, Virginia would be authorized to invest state held funds directly into Bitcoin and other qualifying cryptos, creating what supporters described as the strategic Bitcoin Reserve, designed to modernize the treasury management position it for the state for the future of the Bitcoin and digital finance. The bill lays out a detailed framework for how the Bitcoin reserve would operate. All funds appropriated for the purpose, along with Bitcoin into crypto purchased or received, would be credited into the reserve, notably the proposal also accounts for assets that may be generated through blockchain events such as forks are distributed through the airdrops, ensuring the state retains ownership of any derivative digital holdings. And unlike many state accounts, the reserve would be non reverting, meaning the funds would remain in the reserve at the end of each fiscal year rather than returning to the General Fund. Now SB557 include includes guardrails intended to limit the speculative exposure. Any crypto purchase using reserve funds must have maintained an average market cap of at least 500 billion, which means Bitcoin is the only crypto that qualifies. Take that coins over the previous 24 months, a threshold that has effectively limits eligibility primarily to Bitcoin. Sorry Trump Coin Melania Coin, you're not qualified. The Treasurer would be required to manage the investments under the priority prudent person standard balancing diversification and risk minimization. The bill also permits the use of derivatives if the Treasurer determines they serve the best interest of the fund. Now personally I say we stay away from derivatives. It just means not Bitcoin, artificial Bitcoin wrap, Bitcoin, bitcoin with a rapper, you know. But to address the security concerns, the legislation authorizes Treasure to contract with the third party entities, including qualified custodians that employ security secure tech such as coal storage, as well as regulated liquidity providers to facilitate the purchases and asset management. The Treasurer may also commission independent audits through certified public accountants. In addition, SB557 would establish a five member strategic crypto Reserve Advisory Committee, including members with expertise in digital asset investments, provide the guidance on valuation methods and an investment policy. The bill mandates transparency through the boninio report and December 31st of each numbered year, even numbered year. The Treasurer would publish and submit a report detailing the amount and estimated value of the Bitcoin and other cryptos held and the changes U S States Embracing Bitcoin the proposal comes amid the growing interest from the United States, states and municipalities, you know and incorporating digital assets into the public portfolios reflecting the broader trends in crypto adoption and financial innovation. For example, South Dakota recently introduced House Bill 1155, which would allow the state to invest up to 10 of the funds instead of BTC. Then earlier in the year, Rhode island lawmakers introduced Senate Bill S2021 to temporary exempt small Bitcoin transactions from state income and capital gains tax with a 5, 000 monthly and 20000 annual cap. The bill treats Bitcoin as a decentralized currency allowing residents and Rhode island based businesses to to self certify eligibility while keeping simple records. The exemption would take effect 1-1-2027. Expired 1-1-2028. So it's a one year pilot program to reduce tax friction on everyday bitcoin use. So as you know, lots of adoption coming. New Hampshire, Virginia, Texas and the list goes on and on and on as the correction continues and Bitty continues to drop. This is pretty wild. Let's see the new bottom. I'm sure we just hit a new low as I was spitting news bars there. Let's see where we're at.
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JV (Bitcoin Podcast Host)
In 62181 and I guess we had a nice bounce as soon as we hit that because we're currently 63. Six lots of volatility. We're still continuing this correction. Bitcoin now down 14 on the day bro. You know we'll ride that to zero. That's really how low she goes. Thanks for the update. That's when I found the bitcoin. January of 2019. What a price do to you deserve for the biddy whatever price you paid. Well Peter Schiff did tell us the thing the other night that the ones who get in early got it great. The rest of us are well you could say the same for anything you can say oh you know that family got in Manhattan real estate in the 1600s lucky. Doesn't mean there's no opportunity now. But I get the point. I see the bigger picture. Obviously if we had a time machine and can go back to 2010 and bitcoins two pennies we'd all would have bought as much as humanly possible. But that's not our reality. You gotta do what to do with the information you're presented when you're presented it. But looking into the future, Bitcoin still has never been as secure. The network is more Secure than ever. It's still the greatest opportunity because we all know where it's heading and we have more faith in it than we did 10 years ago, five years ago, three years ago. So. But you got to put in the time. That's the difficult part. For those that don't have the patience. Right. How many people can wait 10 years? Most people are too antsy. Is money burning a hole in their pocket and got to get rid of it, you know. But to hold bitcoin for two cycles, that's what I've always suggested. The one cycle still unpredictable. But if you can huddle for two cycles it should transform your life. And I'm sticking to that. Even people purchasing today at 60, 78, whatever, hold for two cycles, eight years. It'll transform your life. If you don't have a long term perspective, probably not the best asset to be dabbling in because you can just go to the coin casino, put it all on Melania, you know, she got a new documentary just came out. Maybe it'll revive the coin, who knows? Every time it drops, my buying average drops. I buy to more. JVI agree. But the two cycles, I know you want to keep it super long term. Shoot for the three. I've already put in my two cycles. I'm about to put in the third. You heard? It's the word I've been waiting since 2015 waiting to buy more. I bet you the Oracle's sats are increasing over the years regardless of the fiat price. We all pay for the biddy at the price we deserve alter the really getting wrecked. Yeah bro, don't make me pull up the charts if anyone's holding any altcoins. I don't know what to tell you but yeah, XRP is down 23 on the day. That's like 1/4 of its market cap wipeout, you know, have only what will put in back. Especially after all the combo. Obviously. But what I'm saying the orange pill was the hope. Not hearing how I deserve homelessness because I was orange pilled at the wrong time. I don't care about the profits, I'm just happy to have what we put in. And I totally hear you there. Super cycle is in. Send it. Tom Lee having a bad day. I saw a meme earlier, it was kind of funny. I think the carnage is worse than what I saw in the meme. But this was the meme. Obviously it's a AI generated sailor and all but looking like Jack Nicholson. But obviously sailors down significantly multiple billions on his position right now. Tom Lee was allegedly down 8 billion the other day on his Ethereum position, but on here it only showed him down 4 billion, down 31%. Okay, total profit negative 8 billion. I got. Maybe it was accurate, I just didn't look at the the fine print. But that's how Sailor feels right now. 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 A. And I look forward to seeing you on tomorrow's episode. Hoddle.
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Your software needs to be compliant to win deals, but you also need your engineers focused on building your product, not pulling SOC2 evidence. Enter a third option. Make Vanta your first security hire. Vanta uses AI and automation to get you compliant fast. Simplify your audit process and unblock deals so you can prove to your customers that you take security seriously. Plus, Vanta scales right along with you, backed by support that's there when you need it every step of the way. That's why top startups like Cursor, Linear and Replit use Vanta to get and stay secure. Don't sock block your best engineer. Set them free and get compliant fast with Vanta. Get started at Vanta. Com.
This high-energy episode captures a dramatic day for Bitcoin as its price tumbles nearly 14% to a new cycle low around $62,000–$65,000. Host JV delivers raw, unfiltered commentary on what he calls “carnage in the streets” while breaking down key market movers, ETF outflows, government policies, state-level adoption bills, and the evolution of corporate Bitcoin strategies. The episode is a rollercoaster of emotion and information, designed for listeners to grasp the current state of the Bitcoin market and future outlook with a blend of market analysis, biting quotes, and community insights.
(00:55 – 06:30)
Price Movement:
Market Stats:
Fear Levels:
Opportunity Mindset:
Quote:
“There’s carnage in the streets today. Bitcoin’s now down almost 10,000 on the day. We just touched 64,000, which is the new cycle low. That’s almost a 13% loss.” — JV (01:20)
(06:31 – 09:46)
Charts:
Analysis from Multiple Sources:
Immediate Targets and Risks:
(09:47 – 13:19)
Evolving Expectations:
Rise of Institutional Yield Options:
MicroStrategy Updates (Michael Saylor):
Quote:
“Holding Bitcoin outright was a necessary first step… the opportunity cost is glaring. Chief financial officers sweat over every basis point… somehow a $50 million Bitcoin position gets a pass.” — JV (11:15)
(13:20 – 16:30)
ETF Flows:
Altcoin Funds:
Quote:
“Bitcoin ETFs extend losses with another $540 million of outflows as Bitcoin’s plummeting in real time… one of the worst days in Bitcoin history.” — JV (13:58)
(16:31 – 20:35)
Key Exchange:
(20:36 – 26:28)
Virginia Senate Bill 557:
Safeguards & Structure:
Other States:
Quote:
“Virginia lawmakers are moving forward with a proposal… establishing a state-level Bitcoin Reserve designed to modernize treasury management and position the state for the future of digital finance.” — JV (21:15)
(27:20 – 31:45)
Host’s Philosophy:
Community/Listener Q&A:
On the Market Drop:
On Sats per Dollar:
On Corporate Strategy:
On U.S. Policy/Bailouts:
On Virginia's Move:
Philosophical Take:
Even amidst a brutal market sell-off and institutional uncertainty, JV remains resolute in his belief in Bitcoin’s long-term value and adoption trajectory. State-level advances like Virginia’s bill signal that, even if the market is “wrecked,” Bitcoin is embedding deeper into institutional finance and public portfolios.
“Hodl, stack hard, stay sovereign. That’s the way.” — JV (Final remark)
(End of summary; skip to the timestamps for the segments that matter most to you.)