Episode Transcript
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and other factors. Bitcoin
1:12
payments, let's go. As
1:14
well as Arizona Crypto Reserve bill
1:17
passes the House committee heading to
1:19
the third reading. As well as
1:21
quantum computers likely to reveal Satoshi
1:23
Nakamoto is still alive according to
1:25
Bitcoin OG. Adam Beck. Also,
1:28
Saylor says ETF investors strong our
1:30
hands are helping to stabilize the Bitcoin.
1:32
He also shares with us 21
1:34
truths of Bitcoin, which I'll be revealing
1:36
for you in today's show, as
1:38
well as will the United States dump
1:40
gold for Bitcoin, a real
1:42
geoeconomic shift in real time. I think
1:44
most likely and I'll be breaking down the
1:46
most likely reasons for them to do
1:48
this. We'll also be taking a look
1:51
at the overall crypto market. All this plus
1:53
so much more in today's show. Yo,
2:01
what's good crypto fam? This
2:03
is first and foremost a
2:05
video show. So if you
2:08
want the full premium experience
2:10
with video, visit my YouTube
2:12
channel at CryptoNewsAlerts .net. Again,
2:14
that's CryptoNewsAlerts .net. Today is
2:16
pod number 1 ,966. I'm
2:18
your host, JV. It's April 18, 2025.
2:21
Happy TGIF. A great
2:24
day to be alive and happy. Good
2:26
Friday, first and foremost.
2:29
Let's kick it off with our market watch
2:31
this Good Friday, shall we? And as
2:33
you can see on your screen, pretty little
2:35
bitty correcting, only down 1 % on the
2:37
day, maintaining above $84 ,500. At the time
2:39
of the live stream, Ether back in
2:41
the $1 ,500 range, unfortunately, XRP
2:44
BNB, Solana and Tron also in
2:46
the red and correcting as well. And
2:48
check it out, coinmarketcap.com,
2:50
the current crypto market
2:52
cap, says at $2 .67
2:54
trillion. and the Bitcoin
2:56
market cap is at 1 .6 trillion
2:59
roughly a trillion dollar difference between
3:01
the two 46 billion worth of
3:03
volume for the past 24 hours
3:05
with Bitcoin dominance coming in today
3:07
at 62 .9 % the apex predator
3:09
as ether dominance goes all the
3:11
way down to a minuscule seven
3:15
And check it out top 100 crypto gainers past
3:17
24 hours We got tau leading in the back
3:19
up 10 % full about flare up 9 % followed
3:21
by a mutable of five and a half percent
3:23
followed by the sandbox which all Tiffany are your
3:25
bullish on for the bull how large a boy
3:27
and check it out the crypto bubbles I like
3:29
to get the visual perspective on the day safe
3:31
to say Let's get
3:33
an update, here we go, updated, okay, so
3:36
I'd say majority of the alts are actually in
3:38
the green today, but the top ones are
3:40
correcting and in the red, as ironic as that
3:42
is, fart coin down 10 % on the day.
3:44
Zooming out on the weekly. I'd
3:46
say 60 40 red over green
3:49
on being the biggest loser and you
3:51
understand that was rug pulled lost
3:53
like five billion a market cap
3:55
overnight unfortunately and Checking out the crypto
3:57
greed and fear index today. We're
3:59
33 fear yesterday at 30 last
4:01
week at 25 extreme fear and last
4:03
month at 32 fear silver lining
4:06
the lower this number goes in
4:08
extreme fear the more likely of a
4:10
pumpy pump So let's pump it
4:12
up and checking out the infamous
4:14
time chain calendar uh we're currently on
4:16
block number 892 ,990 and uh We
4:18
have 157 ,000 blocks into the
4:20
next halving, and you can currently exchange
4:23
one fiat monopoly dollar for 1 ,183
4:25
sats. So pick up the sats,
4:27
put down the gas, and pick
4:29
up some Bitcoin caps from a man's
4:31
Sergio. Over at BitcoinCaps .net. And if
4:33
you don't know, now you know,
4:35
Joey. Let's get it. Let's kick it
4:37
off now that we did our market watch. We'll do
4:39
a little TA, a little astrology for the broskis. A
4:42
headline here reads, Bitcoin price volatility imminent.
4:44
As speculators move 170 ,000 of the
4:46
bitty, does according to the latest TA
4:49
from CryptoQuantz. Let's break this down, then I'll
4:51
pull up some of the live charts. Bitcoin
4:53
short -term hodlers are signaling that the
4:55
current calm Bitcoin price behavior may
4:57
not last long. CryptoQuantz revealed
5:00
that 170 ,000 BTC owned by entities
5:02
would have purchased date between three
5:04
to six months ago, begun to
5:06
circulate, quoting them here. Around 170
5:08
,000 bitties are moving from the
5:10
three to six month hodler cohort. Large
5:12
movements from this group often
5:14
signal that significant volatility is imminent.
5:17
And the chart, as pulled up
5:19
right here, shows the impact of the
5:21
previous short -term hodler events, with
5:23
the latest being the largest by volume
5:25
since late 2021. Price direction varies,
5:27
both upwards and downwards, making market
5:30
responses visible. Volatility is a comment.
5:32
And short -term hodler entities are notoriously
5:34
sensitive to snap market moves and transitive
5:36
narratives. That's why I got to be
5:38
in the cohort of the long -term hodlers.
5:40
Don't be so sensitive, Karen. And
5:42
recent Bitcoin price downside has been met
5:44
with episodes. of the panic selling by the
5:46
cohort, which is defined as an entity
5:48
buying up to six months previously. Earlier
5:51
in the week, CryptoQuant listed the short -term
5:53
hodlers as one of the main sources
5:55
of the current Bitcoin selling pressure. Not a
5:57
good look, short -term folk. Short -term hodlers
5:59
have been the primary sellers, sending an average
6:01
of 930 Bitcoin a day to the
6:03
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and selection varies by location. Excludes Alaska
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and Hawaii. weak hands get wracked.
6:36
I mean, it is what it is.
6:38
In contrast, long -term hotellers only moved
6:40
about 529 Bitcoin daily, highlighting the
6:42
short -term fear or profit taking while
6:44
long -term conviction remains intact. Meanwhile,
6:46
CrazyBlock described the classic shakeout
6:48
as occurring in Bitcoin while
6:52
- Concerns over a uniform
6:54
rush of exit across the investor spectrum
6:56
as he shares here with Bitcoin trading
6:58
sideways and volatility compressing This cohort driven
7:00
breakdown helps us understand that the current
7:02
correction is not a mass exodus by
7:04
the smart money It's more likely a
7:06
reaction from the nervous short -term mid -tier
7:08
Cabbage hand hodlers. So please don't be
7:11
like cabbage hands Portnoy over here and
7:13
hold the Bitcoin for the long term
7:15
You got to have the diamond hands.
7:17
You got a hodl at least a
7:19
minimum I would say of four to
7:21
eight years to extend significant gains. And
7:23
in fact, every single Bitcoin holler from
7:25
my understanding that has been hodling for
7:28
at least four years is in the
7:30
black, meaning with it, at least an
7:32
unrealized gain. And that's where you want
7:34
to be. Never sell at an unrealized
7:36
loss because then you're turning an unrealized
7:38
loss to the real McCoy, a real
7:40
loss. And that's not a good look,
7:42
and that's something the short term hodlers
7:45
are apparently notorious for. But
7:47
with all that being shared, I
7:49
promise to pull up some of the
7:51
live chart. We'll do some live
7:53
chart action, Jackson Satisfaction here on TGIF.
7:56
And yeah, you're looking at the outward chart
7:58
right here via Coinbase, via TradingView. There's live
8:00
and in the flesh, not a lot
8:02
of Movement really going on right now.
8:04
It's been trading sideways for the day
8:06
But we do have a target sitting
8:08
at 88 ,000 zoom in or bear
8:10
target sitting just shy of seventy eight
8:12
six zoom it out from there We'll
8:14
take a look at a four hour
8:16
Four hour chart says it's going on
8:18
forever, Jamie. We do have,
8:20
you know, we did have a dip,
8:22
but we have recovered and we're currently
8:24
again, flat line at 84 -5. Bear
8:26
scenario in play of 73 -5 on
8:28
the four hour, no bull scenario printed
8:31
currently. And zoom it out a
8:33
little further for the daily. We do have the
8:35
rising wedge followed by the falling wedge. It's like
8:37
a yo -yo. Let's see if we slinky back
8:39
to the rising wedgie formation. We do
8:41
have the bull. Trend scenario sitting just
8:43
shy of 112 ,000 taking us back to
8:45
price discovery currently sitting at 1093 the
8:47
current all -time high achieved in January back
8:49
on inauguration day We do have a bear
8:51
scenario just shy of 69 G's baby
8:53
And then there's a super bear sitting at
8:55
49 ,000 and zoom it out a little
8:57
further from there We'll take a look
8:59
at a weekly then we'll check out the
9:01
monthly real quick the weekly chart shows
9:03
a Cup and handle target as you can
9:05
see on your screen Last week we
9:07
finally had a green candle close and this
9:09
week thus far if things continue where
9:11
they're at at least we'll get another green
9:13
weekly close we have till sunday to
9:15
go but we'll see i mean again not
9:17
lots really happening right now unfortunately it's
9:19
been pretty boring but it is what it
9:21
is and zoom out a little further
9:23
we look at the monthly and the monthly
9:25
Also shows past couple of months have
9:27
been bearish, unfortunately, but hopefully we
9:30
can maintain in the green for the month
9:32
of April. Now we're in the second quarter
9:34
of 2025. It's the year preceding the halving.
9:36
So you already know, typically it's a very,
9:38
very bullish year and hopefully we ain't seeing
9:40
none yet. Here's the latest big news coming
9:42
out of Switzerland. Spar supermarket in
9:44
Switzerland starts accepting Bitcoin payments. How many of
9:46
you have ever been to Switzerland? Let
9:48
me know. I visited there for a few
9:50
days on my Euro trip. Beautiful scene. The
9:53
mountains were very majestic. It was
9:55
freezing when we were there, but nonetheless...
9:58
I just remember going on the train
10:01
and witnessing all the epic views of
10:03
the mountains and such. It was good.
10:05
It was a good look. Global
10:08
grocery giant SPAR has rolled out Bitcoin
10:10
based payments in Swiss city, marking another
10:12
step in the growing adoption of the
10:14
crypto for everyday transactions. Now
10:16
the SPAR supermarkets in Zug, Switzerland implemented
10:18
the Bitcoin payments via the Lightning
10:20
Network. The stores Bitcoin payments went live
10:22
on Bitcoin now, a community driven
10:25
project highlighting stores that accept bitty payments.
10:28
X Swiss, a crypto to fiat payment
10:30
solution firm announced just recently. This
10:32
bar location is among the first supermarkets
10:34
in Switzerland where you can pay
10:36
directly at the checkout using Bitcoin via
10:38
the Lightning Network. Thanks to our
10:40
new hashtag open crypto pay solution and
10:42
open peer to peer standard for
10:44
in -person crypto payments. I think that's
10:46
fantastic. So if you want to live
10:48
off of Bitcoin, you can do
10:50
that as groceries and everyday expense, obviously.
10:53
And most grocery stores do not.
10:55
accept payments. So that's a step
10:57
in the right direction. Bring it.
10:59
Switzerland has long been regarded as
11:01
one of the more crypto -friendly European
11:03
jurisdictions with some of the earliest
11:06
crypto adoption initiatives. Back in 2023,
11:08
the Swiss city of Lugano adopted
11:10
Bitcoin and Tether USDT payments for
11:12
all municipal fees, one of the
11:14
world's first city administrations. To do
11:16
so, there are currently 1 ,013
11:18
stores and businesses accepting Bitcoin payments
11:20
just in Switzerland. According to the
11:22
Bitcoin map data outline, right here
11:25
on your screen and good coverage
11:27
all across Switzerland. That's what's up.
11:29
Bitcoin adoption amongst the retail giants
11:31
with a global presence may increase
11:33
mainstream trust and crypto payments. This
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it easy peasy. That's why I paid for
12:26
my pupusas in Bitcoin country. You know I
12:28
mean? So game on. It was super simple,
12:30
by the way. You just pull it out,
12:33
you know, scan it. Bada boom. I bought a Bitcoin. Just
12:35
scan the static QR codes, send the
12:38
stats, immediately an easy registration by the cashier.
12:40
And if enough people use it, it
12:42
may be rolled out in the entire freaking
12:44
country. So hopefully people who use it
12:46
support the biddy. Quitting a user here. I
12:48
use the Phoenix Wallet for the Lightning
12:50
Network, but pretty much anything works. That means
12:52
you can use strike, network, lightning
12:55
wallet. You can use
12:57
currently, what's the one? There's Exodus. There's
13:00
a Shivo over in El Salvador. I
13:03
don't recommend that one, but I digress.
13:05
There's a lot of options out there. And
13:07
increasingly, more companies are adopting crypto in
13:09
the country, sorts of in base blockchain ecosystem.
13:12
CryptoValley surpassed almost 600 billion
13:14
in valuation last year,
13:16
after a 55 % yearly
13:18
increase. That's pretty significant. worth
13:20
$600 billion. And
13:22
amongst the 50 regional entities, 17
13:24
have reached unicorn status. And
13:26
here I thought unicorn was
13:28
a fictional beast. No, unicorn
13:30
status is being achieved. $1
13:32
billion valuations on the companies. Quoting
13:35
them here, a Swiss industry with
13:37
a top 50 entity share evaluation
13:39
of $593 billion in whose funding
13:41
medians exceed global medians reflects vision.
13:43
and resilience and if you don't
13:45
know now you know some of
13:47
the crypto valley's well -known projects
13:49
include layer one blockchain network ethereum
13:51
cardano and casper blockchain i guess
13:53
casper's the friendly ghost i didn't
13:55
realize but anyways uh there you
13:57
have it broskies hopefully they start
13:59
adopting some retail bitty lightning payments
14:01
in the united states as well
14:03
Following Switzerland's footsteps. Why not here?
14:05
Here's the latest with the Arizona
14:07
bill. Good news. Arizona crypto reserve
14:09
bill passes the House committee and
14:11
it now heads to the third
14:13
reading. Lucky number three. That's right.
14:15
One of Arizona's crypto reserve bills
14:17
have been passed by the House
14:19
and is now one successful vote
14:21
away from heading to the governor's
14:24
desk. for the official approval and
14:26
this is the Arizona strategic digital
14:28
asset reserve bill SB 1373 which
14:30
was approved officially yesterday April 17th
14:32
by the House of Committee of
14:34
a whole which involves 60 House
14:36
members shut out to the House
14:38
members weighing in on the bill
14:40
before our third and final reading
14:42
in a full Floor vote. So
14:44
this is pretty massive, as you can
14:46
see here from the Bitcoin laws. Arizona Update
14:48
Bitcoin Reserve Bill SB 1373 has been
14:50
passed by the House Committee of the Whole.
14:52
The next step is the third reading
14:54
of the final vote. And you can see
14:56
trailing behind Arizona. Of course,
14:58
we have New Hampshire, we have Texas, Alabama,
15:01
we got Florida, we got Georgia.
15:04
I get my peaches out in Georgia.
15:06
Ooh, that's it. I like my from
15:08
California. Ooh, that's yeah. SB
15:11
1373 seeks to establish a digital
15:13
asset strategic reserve fund made up
15:15
by the digital assets seized through
15:17
the criminal proceedings to be managed
15:19
by the state treasurer. Arizona's
15:22
treasurer would be permitted to invest
15:24
up to 10 % of the
15:26
fund's total monies in any fiscal
15:28
year in digital assets. The pre -Lobidia
15:30
is going up forever, Laura. The
15:32
treasurer would also be able to
15:34
loan the fund's assets in order
15:36
to increase returns, provided it done
15:38
increase financial risk. However, the Senate
15:40
approved SB 71373, maybe a Setback
15:42
by the Arizona governor, Katie Hobbs,
15:44
who recently pledged to veto all
15:47
the bills until the legislator passes
15:49
a bill for disability funding. Boo,
15:52
Katie. Hobbs also has a history
15:54
of vetoing bills before the House
15:56
and has vetoed 15 bills sent
15:58
to her desk this week alone.
16:00
I say we fire Katie Hobbs.
16:02
How do you like those apples,
16:05
Katie? Now, Bitcoin Laws founder and
16:07
Apollo CEO Julian Farrer told Cointelegraph
16:09
he expects SB 1373 will pass
16:11
the House, though it may merge
16:13
with another crypto -related bill, such as
16:15
the SB 1062, which aims
16:17
to expand the definition of legal
16:19
debtor and to include a crypto
16:21
currency. Arizona is the new leader
16:23
for the state Bitcoin Reserve race,
16:25
where yet? Arizona let's go SB
16:27
1373 has been passing through Arizona's
16:29
legislative alongside Arizona strategic pick on
16:31
reserve act SB 1025 Which only
16:33
includes the pre little bitty the
16:35
bill proposes allowing Arizona's Treasury and
16:37
the state retirement system invest up
16:39
to 10 % of the available
16:41
funds into the bitty SB 1025
16:43
also passed Arizona House Committee as
16:45
a whole April 1st and is
16:47
awaiting a full floor vote Send
16:49
it, baby. Also. We have Utah
16:51
passing a bill legislation on March
16:53
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Copyright 2025 Bank of America Corporation. Scrapping
17:26
the cornerstone provision established in the Bitty
17:28
Reserve in the final reading. The Texas
17:30
Senate passed Bitcoin Reserve bill also on
17:32
March 6th, while a similar bill recently
17:34
passed New Hampshire's house, give it up
17:36
for the new hamsters. While
17:38
Arizona has seen most of the progress,
17:40
Farer believes that the Texas bill is
17:42
the best shot. So you're telling
17:44
me there's a chance at being
17:46
signed into law, noting it has seen
17:48
the fewest explicit roadblocks thus far.
17:51
And if you don't know now, you
17:53
know, state adoption coming to a
17:55
state. near you. Here's the
17:57
latest from Mr. OG himself,
17:59
Adam Back, who many still believe
18:01
is Satoshi, by the way. He
18:03
says quantum computers are likely to
18:06
reveal if Satoshi is alive. Early
18:08
cyberpunk, Mr. Adam Back, the OG
18:10
himself, cited Satoshi in the Bitcoin
18:12
White Paper, suggesting quantum computing pressure
18:14
may reveal whether the blockchain synonymous
18:16
creator is still alive. And what's
18:18
your thinking? Yay or nay to
18:20
Satoshi being alive? Let me know
18:22
in that live chat. During the
18:24
interview at the Q &A session of
18:26
the Satoshi event in Turin on
18:28
April 18th, back suggested that quantum
18:30
computing may force Nakamoto to move
18:32
their Bitcoin. That's because according to
18:34
back, Bitcoin hollers will be forced
18:36
to move their assets to a
18:38
newer quantum resistant signature based addresses.
18:40
powerful. Back said that the current quantum
18:42
computers do not pose a credible
18:44
threat to Bitcoin's cryptography, but will likely
18:46
threaten it in the future. Back
18:48
estimated that the quantum computers may evolve
18:51
to the extent in maybe 20
18:53
years, meaning all of your Bitcoin will
18:55
eventually have to go to a
18:57
new updated wallet which can be hacked
18:59
by quantum computing over the next
19:01
20 years, according to the OG. When
19:04
the threat becomes real, backs of the
19:06
Bitcoin community will have to choose between
19:08
depreciating old vulnerable addresses or letting those
19:10
funds be stolen, quitting them here. If
19:12
the quantum computers are here and people
19:14
at universities and research labs have access,
19:16
the network has a choice to either
19:19
let people steal them or to freeze
19:21
them to depreciate. the signature. Adam
19:23
Back expects the community to go with
19:25
the former option, forcing Bitcoin's autonomous crater.
19:27
So ultimately, if Satoshi is still alive,
19:29
he's going to be forced to move
19:31
his funds, which will verify Satoshi is
19:33
alive. And then naturally, if he never
19:36
moves it, all those coins will get
19:38
lost and donated to the network. And
19:40
then it'll prove Satoshi is probably Unalived
19:42
still back said that whether such a
19:44
situation will reveal as Satoshi is alive
19:46
also depends on the Bitcoin future privacy
19:48
features Quitting them here. It depends on
19:50
a bit of the technology. There are
19:53
some research ideas that could add privacy
19:55
to the bitty So possibly there might
19:57
be ways to fix quantum issues while
19:59
keeping privacy still not everyone is convinced
20:01
that privacy enhancements are not such as
20:03
a scenario would reveal whether Nakamoto was
20:05
alive an anonymous early Bitcoin miner and
20:07
member of the Bitcoin community shared that
20:09
he does not expect Nakamoto's coins to
20:12
be moved, as shared here, even if
20:14
he is alive and holds the private
20:16
keys, I do not think he'd move
20:18
them. Based on how he acted so
20:20
far, I would rather expect to let
20:22
the community to decide. And
20:24
he also added that since this is
20:26
a controversial choice, it makes sense to
20:28
let the community decide. He said that
20:31
he'd be surprised if Nakamoto came out
20:33
of the woodwork to move the assets.
20:35
And I'm in that camp as well.
20:37
I don't think he is alive and
20:39
or he would move it regardless. And
20:41
I think he would just dedicate it
20:43
to the network. Either way, now the
20:45
quantum resistant on Bitcoin back explained most
20:47
quantum resistant signature implementations either unproven in
20:49
terms of security or very expensive from
20:51
a data perspective. He cited lamp or
20:53
signatures for the old and proven design,
20:55
but pointed out that the weight. They
20:58
weigh tens of kilobytes, and consequently, he
21:00
suggested that Bitcoin should be prepared to
21:02
switch to quantum -resistant signatures, but only
21:04
do so when necessary, which again could
21:06
be 20 years from now. He suggested
21:08
a Bitcoin taproot -based implementation, allowing addresses to
21:10
switch to quantum -resistant signatures when needed.
21:12
And there you have it, which goes
21:14
to show you that the bit coiners
21:16
will always be ahead of the quantum
21:18
computing because a common thing is like,
21:20
dude, we got to worry quantum computers
21:22
are going to attack or hack all
21:25
of our crypto. Well, we'll be on
21:27
top of things because we're not art
21:29
hearted. Are we bitty broskies?
21:31
I want to share with you the
21:33
latest from the gigachat, including 21
21:35
Bitcoin troops, which he just published on
21:37
X. And also this headline reads,
21:39
Sailor says ETF investors stronger hands will
21:42
help stabilize. the Bitcoin,
21:44
referring to like ETFs such
21:46
as BlackRock, etc. So
21:48
yeah, let's break this down. Balchunas
21:50
pointed out that the spot Bitcoin
21:52
ETFs have attracted 131 million over
21:54
the past 90 days and are
21:56
up 2 .4 billion since January
21:58
1st. He called this impressive, noting
22:00
it helps explain why Bitcoin has
22:02
been relatively stable. its owners are
22:04
more stable, he says. Balchuna said
22:06
Bitcoin ETF investors have much stronger
22:08
hands than most people think. He
22:11
said this should increase the stability
22:13
and lower Bitcoin's volatility and correlation
22:15
in the long term. Saylor's firm,
22:17
Strategy B, made its latest Bitcoin
22:19
acquisition April 14th, acquiring $3 ,459 of
22:21
the biddy for $285 million at
22:23
an average price of $82 ,600
22:25
per coin. According to the Saylor
22:27
tracker, strategy holds now 531 ,644 BTC.
22:30
This episode is brought to you by
22:32
State Farm. You might say all kinds of
22:35
stuff when things go wrong, but these are
22:37
the words you really need to remember. Like
22:39
a good neighbor, State Farm is there. They've
22:41
got options to fit your unique insurance needs,
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meaning you can talk to your agent to
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a claim right on the State Farm mobile
22:53
app, and even reach a real person when
22:55
you need to talk to someone. Like a
22:57
good neighbor, State Farm is there. This
23:08
time, Bitcoin is trading at around
23:10
just shy of $85 ,000. And
23:12
over the past 30 days, Bitcoin
23:15
traded between $75 ,000 and $88 ,000
23:17
amid macroeconomic uncertainty primarily driven by
23:19
Trump's imposed tariffs and the ongoing
23:21
questions about the future of the
23:23
US interest rates. Despite this, Bitcoin
23:25
remained above its previous all -time high,
23:27
which is roughly $73 ,600 first
23:29
surpassed back in November. Participants
23:31
in the broader financial market have also
23:33
expressed surprise at Bitcoin's relative strength
23:36
in recent times, particularly in comparison to
23:38
the S &P. And now, again, I
23:40
wanted to read. to you, the
23:42
21 truths of Bitcoin, Asper Michael Saylor.
23:44
He recently shared this, it looks
23:46
like dated April 17th. This was yesterday
23:48
at 1 .29 PM, 21 truths of
23:50
Bitcoin. Number one, Bitcoin is an
23:53
ideology. Number two, Bitcoin is a protocol.
23:55
Number three, Bitcoin is an asset.
23:57
Number four, Bitcoin is a network. Number
23:59
five, Bitcoin is immaculate. Number six,
24:01
Bitcoin is ethical. Number seven, Bitcoin is
24:03
a commodity. Number eight, Bitcoin is
24:05
a digital commodity. Number nine, Bitcoin is
24:07
digital scarcity. Number 10, Bitcoin is
24:10
digital goal. Number 11, Bitcoin is digital
24:12
money, number 12, Bitcoin is perfect
24:14
money, number 13, Bitcoin is legitimate, number
24:16
14, Bitcoin is corporate, number 15,
24:18
Bitcoin is global, number 16, Bitcoin is
24:20
immortal, number 17, Bitcoin is digital
24:22
energy, number 18, Bitcoin is a digital
24:24
energy network, number 19, Bitcoin is
24:27
a digital economic system, number 20, Bitcoin
24:29
is a digital defense system, and
24:31
number 21, Bitcoin is an emerging star
24:33
system. And if you don't know,
24:35
now you know. as per Mikey Saylor.
24:37
Now for our featured story the
24:39
day, will the United States literally dump
24:41
their gold reserves for Bitcoin for
24:44
their strategic Bitcoin reserve? Well,
24:46
let's break this down. We've been hinting
24:48
this for a while as there's
24:50
many net neutral ways for the United
24:52
States to acquire Bitcoin. So is
24:54
this the dawn of a new reserve
24:56
era from gold to treasuries to
24:58
Bitcoin? Let's break her down.
25:00
The U .S. has long relied on
25:02
the U .S. dollar and U .S. treasuries
25:04
as the twin pillars of its
25:06
economic, fiscal, and monetary strategies. But what
25:08
happens when all these instruments lose
25:10
their luster and become lackluster? According to
25:12
the Bitcoin Policy Institute, head of
25:15
policy, Zach Shapiro. The current
25:17
financial system is entering a historic inflection
25:19
point. In a recent interview, they
25:21
shared with the Bitcoin Policy Hour, noting
25:23
that the U .S. announces we are
25:25
buying a million Bitcoin as just
25:27
a global size make shock. In fact,
25:29
we covered that in great detail
25:32
yesterday that the Bitcoin price they believe
25:34
the Bitcoin Policy Institute would soar
25:36
literally skyrocket to a million per coin
25:38
just off the announcement of the
25:40
US purchasing a million Bitcoin. They say
25:42
we're probably go very quickly to
25:44
something like a million dollars per pretty
25:47
little bitty going up forever, Laura.
25:49
And while the changing monetary order, a
25:51
potential movement from treasuries as the
25:53
reserve assets towards the bitty is largely
25:55
evident for those with eyes to
25:57
see, the paths that can be taken
25:59
on that journey are a myriad
26:01
of gold's role is the largest question
26:04
mark facing the market. Recent discussions
26:06
around revaluing the US gold holding still
26:08
officially priced at $42 per ounce,
26:10
the derivatives, could unleash nearly
26:12
a trillion in new purchasing power
26:14
should the United States decide to
26:17
draw upon it. What would the
26:19
US do with that windfall? Well,
26:21
the Bitcoin Institute's policy thinkers are
26:23
right. It might be deployed to
26:25
acquire a strategic Bitcoin reserve in
26:27
a budget neutral manner, precisely, in
26:30
alignment with the remit of
26:32
the strategic Bitcoin reserve executive order
26:34
recently signed by the Trumpster. Now,
26:36
gold is ancient. Bitcoin is strategic.
26:38
One of my favorite quotes from
26:40
Max Kaiser. Gold is the
26:42
poor man's bitcoin, which is
26:44
right in alignment here. Gold is
26:47
ancient. Bitcoin is strategic. According
26:49
to Matthew Pines, executive director of
26:51
BPI, frames the choice in
26:53
stark geoeconomic terms. In terms of
26:55
strategic leverage, there is a
26:57
asymmetric advantage for the United States
26:59
to having Bitcoin monetized relative
27:01
to gold. Pines went to note
27:03
that the US and its
27:05
population owns 35 % of all
27:07
the Bitcoin in circulation. a ratio
27:09
that gives Washington serious incentive
27:11
to prefer digital over metallic money.
27:13
Gold, despite its historical credibility,
27:15
is centralizable, expensive to transport, and
27:17
incompatible with the 21st century
27:19
economy. And while central banks
27:21
continue stacking it, As a
27:24
hedge against the weaponization of treasuries,
27:26
its utility as a modern
27:28
reserve asset remains constrained. Bitcoin by
27:30
contrast is fast, global, and
27:32
increasingly liquid. A networked form of
27:35
monetary energy that size steps.
27:37
The geopolitical choke points that define
27:39
traditional finance. The post dollar
27:41
world has already begun. The dollar
27:43
remains dominant. but fragile, according
27:45
to Shapiro citing Triffin's dilemma, noting
27:48
how the US must increasingly
27:50
choose between domestic economic goals and
27:52
the international demand of the
27:54
reserve currency issuance. Sanctions like those
27:56
imposed on Russia's dollar reserves
27:58
in 2022 shook the global confidence
28:01
and the neutrality of the
28:03
US assets. You
28:05
know that feeling when someone shows up
28:08
for you just when you need it most?
28:10
That's what Uber is all about. Not
28:12
just a ride or dinner at your door.
28:14
It's how Uber helps you show up
28:16
for the moments that matter. Because showing up
28:18
can turn a tough day around. Or
28:20
make a good one even better. Whatever
28:23
it is, big or small, Uber
28:25
is on the way. So you
28:27
can be on yours. Uber,
28:29
on our way. And
28:32
since then, foreign central banks have
28:35
responded by moving rapidly into the
28:37
gold. And in some cases, into
28:39
the pre -lobity going up for
28:41
Avalora. The Treasury is becoming less
28:43
of a neutral reserve asset, according
28:45
to Shapiro. Reference escalating disorder in
28:47
the bond markets and the US
28:49
perceived a politicization of the financial
28:51
power. And I also may add
28:54
the de -dollarization from the US dollar,
28:56
such as the BRICS movement, being
28:58
a great example of that. Yet
29:00
both he and Pine stressed that
29:02
the America still has tools, and
29:05
Bitcoin may be the most potent
29:07
amongst them by shifting revenues into the
29:09
bitty, the US can reduce reliance
29:11
on debt issuance. In fact, we can
29:13
reduce up to 50 % or more
29:15
of the debt, according to Lummis,
29:17
just by establishing a strategic Bitcoin reserve
29:19
or maybe offloading the gold and
29:21
trading it for the... and
29:24
securing asymmetric leverage in a
29:26
digitized world, the act from a
29:28
position of strength, country's
29:36
superpower, Bitcoin superpower in the world. So
29:38
whatever country is going to be the first
29:40
to stack 1 to 5 million, Bitcoin
29:43
will most likely be the only one to
29:45
do so and become a literal Bitcoin
29:47
superpower. Will it be the US? Will it
29:49
be China? Will it be Russia? What
29:51
are your thoughts? The strategic Bitcoin reserve, is
29:53
it a national imperative? Yeah,
29:55
man, under the executive order now, got
29:57
into the Trumpster administration. The Bitcoin
29:59
strategy departments like the Treasury and Commerce
30:01
are already exploring the budget neutral
30:03
pass. Michael Saylor already laid out a
30:06
Dozen plus viable options for the
30:08
administration to acquire Bitcoin one of them
30:10
is revaluing their gold holdings And
30:12
also we need to do the audit
30:14
already at Fort Knox to understand
30:16
if we even have it and also
30:18
selling surplus federal assets which could
30:20
include real estate gold and spectrum rights
30:23
Also, what about just printing money out
30:25
of thin air and trading it
30:27
for the hardest asset in human history?
30:29
We're using tariff revenues or royalties.
30:31
In fact, we can reduce the entire
30:34
national debt using any of these
30:36
methods as well. Pines emphasizes the urgency
30:38
of the institutional execution. She says,
30:40
words matter, especially when they come from
30:42
the White House. He said, my
30:44
bad. And in executive order, stating Bitcoin
30:46
is strategic, it itself is a
30:48
global signal. However, he also heightened the
30:50
bureaucratic like inertia as the real
30:52
challenge. Obviously, there's still enemies of Bitcoin.
30:55
There's a massive difference between the
30:57
speed at which the White House wants
30:59
to move and the ability of
31:01
the federal bureaucracy to follow. Yeah,
31:03
I mean, now from theory to
31:05
detonation, the global fallout, the US with
31:07
the Bitcoin pivot, if America were
31:09
to allow through on large acquisition of
31:11
the bitty, the effects would be
31:13
both immediate and far reaching. Other nation
31:15
states will see that they can't
31:18
be left behind, sparking the global hash
31:20
wars coin by Max Kaiser. And
31:22
I think that's just a given, would
31:24
that spark Russia and China to
31:26
try to get the first movers advantage
31:28
becoming the Bitcoin superpower of the
31:30
world? I think so. Both Shapiro and
31:32
Pines agree whatever your view on
31:34
the Triffin's Dilemma or the monetary policy
31:36
history, Bitcoin is now too strategic
31:38
to ignore. Bitcoin is indispensable. Wherever
31:41
we're going next, it's going to help
31:43
us. get there. So whether the US
31:45
will truly dump gold is yet to
31:47
be determined, I think it's likely, what
31:49
are your thoughts? But the quote, the
31:51
late Charlie Munger, show me the incentives
31:53
and I'll show you the outcome, the
31:55
incentives given the US and China competition,
31:58
the game theory, and America's relative dominance
32:00
with regards to the domestic Bitcoin holding
32:02
suggests. And about face on
32:04
gold would very well be
32:06
on the cards. But you let
32:08
me know, obviously, We
32:10
hold the cards, not China. China
32:12
doesn't hold the cards. We
32:15
hold the cards. Nipponator holds the
32:17
cards. So let me know your thoughts, family,
32:19
and I'll read your comments out loud and
32:21
welcome everyone to the Q &A segment of
32:23
the live stream. Trump just gave
32:25
back the lands of some of the
32:27
tribes of the NW. Good.
32:31
That means the indigenous people got some of their
32:33
lands back. That's a step in the right direction. Please
32:36
such be there is no way
32:38
any country gonna mass 5 million big
32:40
what if it was a long -term
32:42
strategy brother? Like a 10
32:45
-year play or something and they're like
32:47
so what would that be a half
32:49
a million Bitcoin per year in my
32:51
opinion would be very doable because Michael
32:53
Saylor purchases an insane amount of Bitcoin
32:55
I don't know how he does it,
32:57
but he gets his hand on sometimes
32:59
two billion dollars worth of Bitcoin in
33:01
a single week So if they can
33:03
do it why can't? America
33:05
do it. Chickadee,
33:07
China. Chickadee, Chickadee,
33:09
Chickadee, Chickadee. Exactly. How
33:12
many bitcoins are there? 14 million. 1
33:14
.1 held in the original Satoji wallets.
33:16
And there has never moved. 3 .6 has
33:18
made it be permanently lost. 1 .5
33:20
million had to be mine. Who's selling
33:22
5 million to anyone? Well, I
33:24
would dare assume there's probably 2 million on
33:26
the exchanges. Is there a number
33:28
out there you can verify? So
33:30
let's just say 2 million are in the
33:33
open market right now. When
33:35
you unscrew the distinct wooden
33:37
cap on Cholula Hot Sauce, a
33:39
world of delicious possibilities is
33:41
unlocked. A world where our premium
33:44
blend of authentic Mexican flavors
33:46
makes your thing the best thing.
33:48
From huevos rancheros to shrimp
33:50
tacos, to the pozole with abuela.
33:52
What? My pozole? Yes, abuela.
33:54
Cholula even makes your thing the
33:56
best thing. Cholula. Authentic Mexican
33:59
flavor. Cholula! US
34:01
buys them, they trade their gold reserves for it,
34:03
and then they have a long -term plan to
34:05
acquire, just hypothetically speaking, if they were to go
34:07
the route of purchasing 5 million, which is 25 %
34:09
of the circulating supply. And then over
34:11
the course of the next few years, they acquire some
34:13
more, I mean, as fast as
34:15
they can get in, who knows? Maybe
34:17
they're going to seize it from the
34:19
next batch of criminals, because that's currently
34:21
how the United States has acquired all
34:24
their Bitcoin, because they seize it from
34:26
the other criminals. So we got criminals
34:28
seizing Bitcoin from other criminals, but we
34:30
need to change that, and they need
34:32
to start acquiring it strategically, not just
34:34
from stealing it. And don't forget to
34:36
check out crypto news alerts .net for the
34:38
full premium experience with video and to
34:40
participate in our live Q &A and
34:42
I look forward to seeing you on
34:44
tomorrow's episode, hodl
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