Podcast Summary: "The Wolf Of All Streets" - Episode: $1 Million Bitcoin Is Inevitable, April Will Be Explosive | Mike Alfred

Host: Scott Melker
Guest: Mike Alfred
Release Date: March 26, 2025
Duration: Approximately 47 minutes

1. Introduction and Bold Predictions

[00:01] Scott Melker opens the episode with a striking announcement: "Bitcoin is going to a million dollars and there's nothing you can do to stop it." He attributes this bold prediction to his guest, Mike Alfred, reinforcing his own agreement with the statement. Scott sets the stage for a deep dive into Bitcoin's future, touching upon various factors influencing its trajectory.

2. Source Confidentiality and Information Sharing

[01:05] Mike Alfred addresses inquiries about his sources for the Bitcoin prediction tweet. He emphasizes the importance of protecting his sources, stating:

"I never name my sources just because I think it puts them at risk... sources are only valuable if you don't get them killed."

Mike shares his cautious approach to sharing insider information, highlighting the potential risks involved if sources were exposed.

3. Mergers & Acquisitions (M&A) in the Crypto Space

[02:24] Mike Alfred discusses the burgeoning wave of M&A activities within the cryptocurrency sector. He points out that regulatory clarity has paved the way for increased confidence among companies to engage in mergers and acquisitions. Notable points include:

• Increased M&A Activity: Companies like Ninja Trading and Nydig are making significant moves, indicating a robust pipeline of deals.

• IPO Prospects: Mike anticipates numerous Initial Public Offerings (IPOs) as part of this wave, citing Core Weave as an example of an overvalued data center operator that reflects bullish trends in infrastructure sectors connected to Bitcoin mining.

• Market Cycle Insights: Contrary to analysts predicting a market top, Mike believes the top has been extended into 2026 or even early 2027, asserting that the crypto market is still in the mid-cycle phase.

"We're going at the beginning of a huge M&A wave... serious operators are out, like starting a huge M&A process right now." [03:09]

4. Rebranding Bitcoin Miners as Data Centers

[04:23] Scott Melker inquires if Bitcoin miners are essentially being rebranded as data centers. Mike Alfred agrees, explaining that:

"They're data center operators... the compute is somewhat fungible." [04:27]

He elaborates on the flexibility of data centers to switch between different computational tasks, such as ASICs for mining or GPUs for AI applications. Mike identifies power capacity as the current bottleneck, driving interest in nuclear energy and renewable sources, particularly in states like Texas.

5. Quantitative Predictions and AI Integration

[05:35] Scott Melker brings up a previous prediction by Mike's quant model, which estimated a 76.4% chance of Bitcoin surpassing $180,000 by March 2025. Mike discusses the integration of AI in his analytical processes:

"I was able to find a much cheaper AI quant... it's like $500 a month." [05:53]

He mentions replacing human quants with AI-driven services to enhance prediction capabilities and reduce costs, highlighting the transformative impact of Artificial General Intelligence (AGI) on the finance sector.

6. Market Sentiment and Institutional Adoption

[08:37] Scott Melker and Mike Alfred delve into the positive catalysts driving Bitcoin's potential surge to $1 million. Key factors include:

• Institutional Adoption: Companies like GameStop adopting Bitcoin into their treasury illustrate growing mainstream acceptance.

• Regulatory Support: States like Oklahoma and Kentucky are enacting favorable policies for Bitcoin mining and node operations.

• Historical Rally Patterns: Bitcoin has a history of rallying for seemingly no reason, but now there are concrete reasons reinforcing its upward trajectory.

"We’re getting one in the United States. I think Oklahoma passed a strategic Bitcoin reserve of sorts. Kentucky just protected the right to mine and run a node and self-custody." [09:55]

Mike emphasizes that structural changes and regulatory clarity are laying the groundwork for a sustained and possibly more significant Bitcoin rally.

7. Performance of Cryptocurrency Mining Stocks

[19:24] Scott Melker questions the underperformance of mining stocks, referencing discussions with Frank Holmes from Hive. Mike Alfred responds by explaining:

• Dispersion in Mining Stocks: While some miners have shown significant gains, others have lagged, leading to a consolidation of performance.

• Profitability Concerns: Mining stocks struggle in an environment where Bitcoin prices do not sufficiently support their operational costs.

• Long-Term Potential: Mike maintains that mining stocks are positioned for substantial gains once Bitcoin enters a strong price discovery phase.

"The energy cost for the top miners is in the high 20s, low 30s. So as long as price, as long as we see 150 or 200 this cycle, like the gross margins are going to go insane." [23:45]

He advises patience, suggesting that current underperformances are temporary setbacks awaiting Bitcoin's price surge.

8. Bitcoin's Future Outlook and Price Targets

[26:34] Scott Melker and Mike Alfred discuss Bitcoin's price targets, with Mike humorously indicating his intention to celebrate reaching $150,000 or $120,000 with expensive wine:

"We are gonna open a bottle of Screaming Eagle..." [26:55]

Mike reiterates his confidence in Bitcoin's long-term growth, linking it to Bitcoin's increasing scarcity and the anticipated rise in demand.

9. Analysis of Altcoins and Market Trends

[35:08] Scott Melker introduces Christopher Inks to discuss various altcoins and their market movements. Christopher provides in-depth technical analysis on several coins, including Pirate USD (PUSD), Dogecoin (DOGE), and Curve DAO Token (CRV). Key insights include:

• Technical Breakouts: Identifying patterns such as triangles and ascending/descending resistances that could signal bullish trends.

• Support Levels: Emphasizing the importance of breaking key resistance levels to validate upward movements.

• Volume Indicators: Highlighting that increased trading volume during breakouts confirms strong market demand.

Christopher underscores the unpredictability of short-term price movements but remains optimistic about long-term growth prospects for select altcoins.

10. Closing Remarks and Final Predictions

As the episode wraps up, Mike Alfred reiterates his commitment to accumulating Bitcoin, emphasizing:

"I'm still adding. I'm not selling anything." [28:52]

He expresses cautious optimism, planning to reassess the market's direction in the upcoming quarters. Scott Melker concludes by encouraging listeners to follow Mike on social platforms and remain vigilant about market opportunities.

Notable Quotes

• Scott Melker:
  "Bitcoin is going to a million dollars and there's nothing you can do to stop it." [00:01]
  "I added $88,000 Bitcoin. A dream to me, man. I don't know. That feels good." [29:11]

• Mike Alfred:
  "Sources are only valuable if you don't get them killed." [01:05]
  "We’re just waiting for euphoria and liquidity to kind of flow back into the market." [13:23]
  "If you use options or you have any sort of time limit, it's a great way to lose money." [07:03]
  "I think nobody can predict the short term price." [08:21]

Key Takeaways

• Bitcoin's Inevitable Surge: Both hosts express strong confidence in Bitcoin reaching unprecedented valuations, citing increased institutional adoption, regulatory support, and inherent scarcity.

• M&A Activity: The crypto sector is experiencing a significant wave of mergers and acquisitions, driven by improved regulatory clarity and strategic expansions.

• Mining Stocks: Current underperformances in mining stocks are seen as temporary setbacks, with expectations of substantial gains aligned with Bitcoin's price increases.

• Altcoin Potential: Select altcoins exhibit promising technical patterns that could lead to bullish trends, although caution is advised due to market volatility.

• AI and Analytics Integration: The integration of AI in market predictions is transforming investment strategies, offering more cost-effective and accurate forecasting models.

• Long-Term Strategy: Both hosts advocate for a long-term investment approach, emphasizing the unpredictable nature of short-term market movements but highlighting the strong fundamentals supporting sustained growth.

Conclusion: This episode of "The Wolf Of All Streets" presents a compelling and optimistic outlook on Bitcoin and the broader cryptocurrency market. With insights from Mike Alfred on market dynamics, institutional trends, and technical analyses, listeners are encouraged to adopt a strategic, long-term approach to cryptocurrency investments, anticipating significant growth driven by foundational and regulatory advancements.