Episode Transcript
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0:00
Find the New York City home that's right for you
0:02
with StreetEasy. It's how New Yorkers buy,
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sell and rent. To learn more, head to StreetEasy.com
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or download the StreetEasy app. StreetEasy
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is an assumed name of Zillow Incorporated, which has licenses
0:13
in all 50 states. Visit StreetEasy.com
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to learn more.
0:18
Welcome everybody to podcast episode
0:20
number 1437, the number one daily Bitcoin pod, crypto news
0:26
alerts. Let's get it. Today's
0:28
show, I'll be breaking down the latest Bitcoin
0:30
technical analysis as Bitcoin reclaims
0:34
$30,000 and quoting Max Keiser, by 2030,
0:37
the market cap of Volcano Energy and the GDP
0:39
of El Salvador will both reach $50 billion
0:41
as we expand geothermal mining.
0:44
And then the price of Bitcoin skyrockets
0:46
to $1 million per coin. It
0:48
is a mathematical certainty
0:51
preach and quoting Max all the way back
0:53
from 2013. Did I mention how good
0:55
it feels to be a Bitcoin millionaire? And
0:57
FYI, Bitcoin was trading at $46 back then. Also
1:01
in today's show, breaking news, Sam Bankman-Fried
1:04
asked FTX attorney to come up with the legal
1:06
argument for the $8 billion hold.
1:09
Also breaking news, FinCEN targets crypto
1:12
mixers over laundering and national security
1:15
concerns and quoting Lynn Alden, a
1:17
lot of people are caught up with bullishness on the
1:19
potential Bitcoin ETF. Meanwhile,
1:21
FinCEN is proposing to apply section 311 of
1:24
the Patriot Act against basically all types
1:26
of crypto privacy, including on
1:29
noncustodial methods. Also in today's
1:31
show, Bitcoin to usher in a huge push
1:33
towards $70,000, according to top
1:36
crypto analysts, as well as I'm
1:39
going to be sharing why this renowned finance author
1:41
believes the Bitcoin price is headed to $135,000 per coin, quoting
1:43
Rich Dad here, gold will soon
1:47
break through $2,100 and then take off. You
1:50
will wish you had bought gold below $2,000. Next
1:53
stop for gold $3,700. Bitcoin
1:55
is testing $30,000. Next stop
1:57
Bitcoin $135,000.
1:59
Silver is $1,000 to $16 a month. Savers
2:03
or fake dollars aren't up. Please tell
2:05
your friends to wake up. Take
2:07
care. Word. Word said.
2:09
Also, Fidelity, one of the world's largest asset
2:11
managers that controls 4.5 trillion in assets
2:14
under management and currently has 43 million
2:16
investors using their services, recently
2:19
published a new research report explaining
2:21
why investors should consider and
2:24
buy Bitcoin. I'm also gonna be breaking down
2:26
for
2:26
you their $1 billion Bitcoin
2:28
price target, along with their timeline.
2:31
We'll also be taking a look at the overall crypto market.
2:33
All of this, on some of my videos.
2:36
So. Oh, yeah.
2:43
Yo, what's good, crypto fam? This is first
2:45
and foremost, a video show. So if you want
2:47
the full premium experience with video,
2:49
visit my YouTube channel at cryptonewsalerts.net.
2:53
Again, that's cryptonewsalerts.net.
2:56
As you can see, the entire
2:57
market is back in the green and conquering literally
3:00
all the major cryptos. With Bitcoin
3:02
up 2%, hitting above 30,100 at the time. And
3:07
as usual, hitting back above 1,500. A
3:10
lot of 10% so we're just under $30. As
3:12
the fund is continuing, and FedEx is calling
3:15
more and more and more cryptos and more and more. FedEx
3:17
at 1.1 trillion, up 2% to the day, but
3:20
rocking 40 billion in volume in the past 24
3:23
hours. With Bitcoin dominance also
3:25
on the climb at 51.6%. With
3:29
Ether dominance
3:29
at 17.2%, even. All
3:32
right, now checking out the top 100 crypto gainers
3:35
of the past 24 hours. We got
3:37
Chainlink leading the pace, leading the
3:39
market to 16%, trading at roughly $1.90. Alibi
3:43
Aptos up 13%, trading at $5.73. Alibi
3:47
Phantom up 11.5%, trading
3:49
just above 20 cents. Let's
3:51
get it. And checking out the top 100 crypto
3:54
gainers of the past week. Virtually everything
3:56
is in the green. Hacks
3:57
leading this pack up over 40%.
4:01
I didn't have enough time to mess with
4:04
it and I needed to go live and didn't want
4:06
to miss
4:09
out. I understand it does
4:10
sound a little echo-y and this is
4:12
something I'll play with in tips for tomorrow's show.
4:15
I had to switch streaming
4:17
software if you didn't know hence why I wasn't live
4:19
yesterday
4:20
just as a FYI. My
4:23
typical software I've been streaming with for the past
4:25
four or five years which is called OBS.
4:28
I updated it. It stopped working. So
4:31
I have nothing to see much but I had to get a new software
4:33
called R-Screen
4:34
Lab and it probably requires
4:36
me to be doing that computer to mess with the audio
4:39
and I just didn't have enough time to do so. So my
4:41
apologies. The problem is flapping.
4:43
It is waiting
4:44
but for the initial
4:46
I promise the audio will be on par because
4:48
I have all the right equipment. It's just not the right
4:51
settings and I have to figure it out for chance.
4:53
That is what it is but nonetheless
4:55
at least we've got a live show right?
4:58
So I appreciate this person and much love either
5:00
way and much love much respect. I appreciate
5:02
it's all. You're the wrong duty. Anyways
5:04
back to our screen
5:06
here. You can see all the major trip
5:08
days pumping in in the green and then all the trip
5:10
days you didn't see your index. We're turning it into a 63
5:13
and we left a little 53. Last
5:15
week a 47 and last month also a 47 which
5:18
is a 63. It's neutral.
5:21
They want it. Click those on.
5:24
This episode is great for you to see. You need
5:26
to make sure it means taking midterms
5:29
and tunnels. But don't worry. Assemble
5:31
your study group and let extra refreshers
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be your extra study buddy. Hit
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those late night library sessions and chew
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exams won't know what hit them. Chew hard
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and study harder with extra refreshers.
5:45
In store now. Tap the banner to learn more.
5:49
How many of you are currently bullets on the King
5:51
crypto? Let me know. How many of you took
5:53
advantage of this recent dip? I'm nice
5:55
to boy. And don't be a stranger. This is
5:57
a live and interactive chat. we
6:00
will be referring to the message they've received.
6:02
Now this breakdown of Bitcoin technical
6:04
analysis for today, so I'll take a look at the charts. I
6:07
want to tell you that crypto is likely to
6:09
go max. Here we go. This
6:11
is actually the chart as
6:12
of yesterday, October 20th, as we
6:14
tap 30,000 and today, day jazoo,
6:17
we reclaim 30,000 once again,
6:20
as we continue to climb.
6:22
Now for crypto analyst, Keith Allen,
6:24
the co-founder of monitoring resource material integators,
6:27
the 100 week moving order that's 28.6, with
6:30
a particular and two things in here.
6:32
This move is one to watch. Well, what I'm watching
6:35
for now is to see if the weekly candle closes
6:37
above the 100 week moving average and if next
6:39
week's candle can stay above it with no width
6:42
below. I might consider that a confirmation
6:44
of a bold breakout, but this market is known
6:46
for squeezes and fakeouts. So I'm looking
6:48
for more confirmation for me. Bitcoin
6:51
will also need to take out the prior resistance at 30,500,
6:53
31,500 and ultimately 33,000 to
6:57
call the bold breakout in terms and
6:59
validated.
7:00
So there you have it, Sam. And
7:02
eyeing requires support zones. Popular
7:05
trader consumers who climb that level on 29
7:07
at the line in the sand, to both the hold
7:09
and lo and behold, we're obviously trading above 30,000
7:13
at the time of this live stream
7:15
and tracking the low timeframe market conditions,
7:17
fellow trader, SKU, suggested
7:19
the sweep of late longs can result
7:21
in an entry opportunity prior outside
7:24
resuming, quoting him here, I suspect
7:26
longs are starting to follow and here
7:28
around 30,000. And
7:30
he also says if this long timeframe
7:32
trend breaks a nice sweep could be a nice entry
7:35
before higher, wouldn't he surprise
7:37
to see something that could
7:39
help the money of the three, or just a
7:41
new list, a crypto analyst,
7:44
and in an optimistic longer timeframe
7:46
view, trader team stock money lizards,
7:48
predicts that the resistance immediately above 30,000 would
7:52
soon crack, quoting him here, 31 to 32,000
7:54
will break soon.
7:56
Yes, many of you will
7:58
want more. This
8:01
year, the action and approval will be
8:03
each rider running
8:05
up to your radius of 3 with
8:10
DRS. Now, you also reference your team for
8:12
access to the Hadden schedule for April
8:14
of 2024, roughly six
8:17
months out. Now, there you have seen
8:19
the big car going along the backside there. It shares
8:21
by 2030 the market totalization of all
8:23
terminal energy in the GDP of
8:25
El Salvador for both
8:26
routes, if you build on dollars, as they expand
8:28
the geothermal mining and enterprise next week for
8:31
a unit to $1 million. And
8:33
now, the
8:36
share always has a $1.9 million
8:39
dollar deal for the Bitcoin box. Did
8:41
I mention how good it feels to be a Bitcoin
8:43
millionaire? You didn't ask,
8:45
because back then, obviously, the Bitcoin
8:48
price has surged quite a lot and
8:50
that would ultimately mean that
9:08
Bitcoin
9:18
no alt. Chris Minka,
9:20
this is the way to get a shout out and be recognized
9:22
on the show. So, make sure to comment.
9:25
Also, for those of you not subscribed to the channel,
9:27
you'll notice, if you subscribe,
9:29
some animation will pop-up. Congratulations
9:31
to new subscribers. We also added that on Streamlabs.
9:34
I think we got everything good to go. The
9:36
last thing is getting this audio sorted out,
9:39
so there's no echo and that it is superb. And
9:41
that's my goal for tomorrow's show, to have
9:43
everything streamlined and perfect
9:45
for you. Anyway, Sam, let's
9:47
continue with where we left off and
9:50
let's break down our next story of the day. And
9:52
that's the $9 or $8 billion
9:55
hole with X yet. And the latest
9:57
of what's going
9:58
on with the ongoing soda.
9:59
says first date data down.
10:01
Former FTFCJ Foundation
10:04
freed, instructed former general
10:06
counsel, Ken Sun, to come up with any
10:08
legal explanation for that eight-day
10:10
not a hole in Alameda Research Books. According
10:12
to Sun's testimony on October 19th, Sun
10:15
flew from Japan to testify in the ongoing trial
10:18
after a disarmed prosecution agreement with
10:20
the US Department of Justice. During his testimony,
10:22
Sun revealed that he had learned of the billion-dollar
10:25
hole between the two companies on November 7th after
10:27
receiving a third deed communicating the
10:29
debt to Japan in the start. Now,
10:32
asset manager Apollo Hall, who was intended
10:34
to receive the third deed, was also prompted
10:36
to raise new funding during the liquidity
10:39
crunch of early November in response
10:41
to the Apollo inquiry about
10:43
the eight-billion hole that he allegedly asked
10:45
Sun to come up with legal justification.
10:48
And as Sun admitted in his testimony, he
10:50
had considered some legal options. Among them
10:52
were dormancy fees and collateral liquidation
10:55
during the market downturn. But the missing
10:57
amounts were too large to ignore.
10:59
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trading. FTF trading does not represent
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the fleet with new assets as
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users'
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accounts belonging to FTF
11:43
trading. Now, Bankman Fleet wasn't surprised
11:45
at all with the circumstances. Sun claimed
11:47
while the former engineering director,
11:49
Nishad Singh, was gray like
11:51
his soul was taken from him. Later
11:53
on in the day, Sun learned from Singh about Alameda's
11:57
$65,000 sales with a... He
12:00
designed an act in over the years after
12:02
joining the EXPLONE during his
12:04
time
12:04
at the company, he signed a lot of banking free
12:07
assurance that funds were segregated to
12:09
produce legal documents, that's yet to
12:11
answer inquiries from regulators. He told juries,
12:14
I've never approved anything like
12:16
that. And as shared here, uh,
12:19
what do you think of the situation of banking
12:21
free that his own suit suit? Let me
12:23
know your thoughts then. Now what's next in
12:25
the banking free trial? Some testimony
12:27
was called a busy week for the trial which on 9
12:29
Wednesday, shared details of the month
12:32
are appreciated. The
12:34
banking free is confirmed
12:36
but it will be in
12:39
the case.
12:45
The banking free is a key that can
12:47
account for fraud and conspiracy to commit
12:50
fraud against F.S. customers and investors
12:52
and it's currently facing up to 115
12:55
years of jail time this.
12:57
Sound guilty.
12:58
Today I have had things are not looking pretty,
13:01
for described as being free. He
13:04
is guilty according to all the executives
13:07
of FTX and Alameda,
13:09
including Gary Wang and Caroline Ellison.
13:11
They all knew and say he knew what he was up
13:13
to and that he was scheming and even though things...I
13:15
didn't
13:15
know what I was doing. I had all the good intentions
13:18
in the world. I would never do this to anybody. I let
13:21
you judge. Just saying, Sam, anyways,
13:23
I'll be keeping you up to date and posted with the latest
13:25
updates as they come in. Now
13:27
let's break down our next
13:28
story today. It's something you need to be aware of and
13:30
that's thin, thin and we're in Alden calling
13:32
them out for offering unethical
13:35
regulation as well. So let's break this
13:37
latest story.
13:48
Okay. As
13:49
you can see here, yeah,
13:52
I mean the latest update, Fincin's goal
13:54
is to mandate financial institutions to report
13:56
transactions involving international CBC
13:59
mixing services. I'm
14:00
a firm manager at the Open Acute Me and I'm a national educator.
14:04
I'm a global Bitcoin fan of
14:07
mixed-in services using coin join.
14:08
Enable users to combine their transactions
14:11
thereby nasking the origins and endpoints
14:13
of the funds. How
14:16
many of you have used coin join before? Right now, I even
14:18
think it's integrated nowadays with some of the hardware
14:20
wallets such as Trezor. Now, Andrea Gatton, Director
14:23
of FinCEN, remarked
14:25
that virtual currency, mixing services, empowers
14:28
the ransomware ecosystem. Roosh,
14:30
reactors, and other criminals to form an open-air city.
14:33
Matthew Trezory,
14:35
Dr. Saree Wale, emphasized
14:37
the department's dedication to thwarting
14:40
crypto-mixing utilization by terrorists,
14:42
cyber-criminals, and those evading stentions.
14:45
Now, following the Treasury Department's classification of
14:47
multiple crypto-mixing services of the past year, such
14:49
as TornadoCast and Blender.io,
14:52
new regulations were proposed. It alleged
14:55
that these perform catered and moderate
14:56
millions of dollars from that linked
14:58
to countries like North Korea. The
15:01
Federal Agency said that TornadoCast provided
15:04
mixing
15:04
services to anticipated the movement
15:06
to build a future in 55 million
15:08
groups. And in March of 2022, IDAFAC
15:12
designated North Korea-controlled Lazarus
15:14
Group in the largest known virtual currency,
15:17
highest known to date. However,
15:19
advocates of privacy assert that clampdowns on mixers
15:22
negatively affect the vanilla users dependent upon them. Coin
15:25
Center, a nonprofit emphasizing
15:28
crypto-policy matters, logs the complaint against the Treasury
15:30
Department concerning TornadoCast
15:33
prohibition
15:33
in October of last year, claiming
15:36
it surpasses the Treasury's statutory
15:38
ability. Now, even trans-actions
15:40
can feel the user identities by merging funds from varied
15:43
origins. Such actions can
15:45
maintain privacy without malicious intent. Nonetheless,
15:47
it can sense that these instruments
15:50
are exploited by nefarious individuals.
15:52
Now, besides TornadoCast
15:55
and Blender.io, the Office of Foreign Assets
15:57
Control has been fragmented. Time
16:00
to alert wrongdoers. Some
16:02
speculate that future proof-of-stake
16:04
validators and proof-of-work miners will possess the
16:07
capability to block transactions based
16:09
on sanctioned individuals and addresses.
16:12
The Ethereum ecosystem
16:13
has been cautious of this complaint. Blocked
16:15
over the preceding two years with 30% of
16:18
the Ethereum blocks currently complying
16:20
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Unfoldable, an early-March 2010 rule, the
16:50
next year-long token marathon produced
16:52
the first ETH-containing block.
16:55
However,
16:55
this approach was subsequently abandoned by the mining
16:57
firm. Now, for instance, the latest
17:00
action follows a caller action led by
17:02
the one and only notorious Senator
17:04
Elizabeth Warren. And if you
17:06
want to know how
17:07
we really feel about her, I'm going to
17:09
have to point you to the next guy. You've
17:11
got to hear the clip of him talking about Elizabeth Warren.
17:14
Anyways, they have been pressing the Biden administration
17:17
to tackle the issue of crypto-illicit
17:19
financial risk. And now for some words
17:21
from
17:22
Lynn Alden. A lot of people are caught up with
17:24
bullishness on the potential Bitcoin
17:26
ETF. Meanwhile, Simpson is proposing
17:29
to apply Section 311 of the Patent
17:31
Act against basically all types of crypto
17:34
privacy, including on non-custodial
17:37
methods. I want to thank my
17:39
beautiful, handsome tutors and staff, Lynn
17:42
Alden, for bringing this to our attention. So
17:44
there you have it. Let me know
17:47
how many of you have used mixed-use services or plan
17:49
on using them in the future. And what are your thoughts
17:51
regarding Simpson and her continued unlawful
17:54
regulation
17:55
against Bitcoin and the crypto market? Let
17:57
me know your own thoughts in the comments right
17:59
down below. We have a question
18:02
from this crypto analyst, Kevin Simpson,
18:05
with Breaklist ADM.
18:07
Our
18:10
Simpson expresses a bullet of sentiment on the nickname
18:12
of the flagship digital asset revisiting four-month
18:15
high. He shared with his subs
18:17
in a new video that once Bitcoin converts a key
18:19
resistance level into support,
18:20
Bitcoin can then appreciate by
18:22
about 130% from the current price. According
18:25
to him here, ultimately, once we get above
18:28
that $32,000 on the resistance, and
18:30
we put that in confirmative support, that's
18:32
all over the return of these two
18:37
shares over $69,000 as outlined right here in this chart.
18:40
Now,
18:40
according to Simpson, the volatility of Bitcoin will
18:42
rise once the $32,000 resistance level
18:44
puts the support. And again, once
18:47
we break above this resistance at $32,000,
18:49
we'll start
18:49
re-entering the change to $32,000 instead
18:51
of the following. The swings are going
18:54
to likely start to come up quickly, but
18:56
as you can see from $32,000 to the top of the lows,
18:58
the top, these swings are pretty added.
19:01
So once we get above that $32,000 level,
19:03
we can see that as support, the swings
19:04
will likely start to
19:05
come and move. Even if we don't break
19:08
into the high initiates, this $9,000, I think
19:10
we're going to see huge volatility move at $32,000.
19:14
Again, as outlined right here in this chart, it
19:16
also seems to predict Bitcoin will rally above $17,000,
19:18
clearly in the coming
19:20
years. Simpson says that
19:22
the approval for the top of the green-hand, the data
19:24
is now at $32,000, according to the
19:36
above
19:41
to surprise us. Well said. Now
19:43
let me know if you did just see the analyst and watch
19:45
this video he did, check to show us both video and
19:48
other stations. Very added. I mean,
19:50
we all know $70,000 is only
19:52
a matter of time as we're entering 2024 and the previous
19:54
all-time high is $69,000, even if we're only $2,000.
19:58
all-time high for
20:00
this new single, then we're still realistically
20:03
looking at $138,000, $1,620,000. And
20:05
if you get $138,000, Bitcoin price action, according to
20:07
Robert Kiyosaki, Rick
20:12
Stadt, author of Rick
20:13
Stadt's word address, infamous finance
20:16
top-selling book in the world, he
20:18
claims Bitcoin is heading to $135,000.
20:21
Let's break this down. We'll break
20:22
down the latest from Fidelity, along
20:24
with their billion dollars, different price position,
20:27
along with their latest reports on why
20:29
you should buy Bitcoin for
20:31
the day on live Q&A. Again, I'm going to turn
20:33
off everyone who I share. I apologize
20:35
for the ugly audio. This is my
20:37
first time streaming on a brand new platform
20:40
called Streamlab. And again, please
20:42
work with me by tomorrow. We'll be back to normal
20:44
with ideal superb audio
20:46
quality. That's my goal, fan. Anyways,
20:48
Japanese American entrepreneur and author of
20:50
the famous Rick Stadt's word address book, Robert
20:52
Kiyosaki, who stated recently that it's
20:55
going to be $135,000. After breaking
20:58
that $35,000 mark, let's let you
21:00
know. Here's the infamous key, Senator
21:02
Stadt. Gold will soon go through $21,000.
21:06
You will be here for a new version of the
21:08
new book. The next book, $9,700,
21:11
and $10,100,000. The next book, it is $5,000, so $125,000. $10,000, $9,000.
21:20
He's telling the hunk to the top and to
21:23
take care of it. Very bold words.
21:25
I haven't found it yet. And with his recent predictions
21:27
suggesting that it can't come back as
21:29
full of tremendous gifts, it surpasses
21:32
the crucial $3,000 model to fit their
21:34
communities out of the global hunk. That $10,000
21:37
could be sustained. However, he is
21:39
going to be bringing the $30,000 to $10,000. However,
21:41
it's nearly $10,000 in Saturday. And
21:44
it is not good that $30,000 level.
21:48
He also added that $30,000 are asked.
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or Bed
23:29
and Effect on the poor and middle
23:31
class because they work and save US dollars
23:33
making them poorer and unable to accumulate
23:35
wealth without managers and even more
23:37
straight-pancin. I think we're losing
23:40
the middle class and investors in
23:42
the green community.
23:44
He said that the rich get even more wealthy
23:47
doing
23:47
inflation because they say valuable investment
23:50
assets like gold, silver, and Bitcoin
23:52
with Bitcoin clearly being the attack spreader.
23:55
This theory holds some hope. Seeing that the wealthy
23:57
usually have more.
23:59
and you just set up appreciate
24:02
the increasing period. And
24:04
I think this is 100% real. And
24:07
if you think about this for
24:09
a moment, because you have more money to invest
24:11
because you're in the wealthy class, then you can buy up
24:13
all
24:13
the assets which are appreciated. Whether
24:16
that be real estate property,
24:18
or digital property with more
24:20
sales to do. Such as HitKron, which we
24:22
all know and has 21 million supply,
24:25
which is a limited time I've met it
24:27
supply on my golden record. And
24:30
as you can see,
24:31
congratulations, faces do now. I
24:34
appreciate you subscribing to the
24:35
channel. You got to see that animation in real time,
24:38
which is awesome. Much love and much respect.
24:40
Now, before I dive into our main story today,
24:42
I just wanna shout y'all out again on
24:45
YouTube, as well as in the rumble chat, if
24:47
you didn't know we stream live. Final
24:49
thing, this is on full form. Right
24:52
now you're looking at the YouTube chat, set up to your
24:54
wallet and bro, and then Fescue,
24:57
yeah,
24:57
Billy Bitcoin, we do last 10 years, but
25:00
Bitcoin will be re-tiered at the coming 10
25:02
years. We've got some things, they do
25:05
a business,
25:05
my man. Come out to the moderators
25:07
doing a fantastic
25:08
job, also a bit of an anatomist, much
25:10
respect. We're at the end, we appreciate
25:12
that. So you say we're not calling these 10 years, we're
25:14
gonna keep talking and talking, you gotta do what you
25:16
gotta do. You know?
25:18
I'm not too jay, you know what I mean? Shout out to MJ,
25:21
shout out Kevin Walters, our adoption,
25:24
couldn't see you as well, Sam and Bracey talking
25:25
about factory, what it do, talk about income at I,
25:28
Robert Blayes for 17,000, and the coming year
25:31
is conservative. Absolutely, just
25:33
like a new business, I would label that
25:35
easy beauty. And shout out to
25:37
MJ, and the background is in the original, or
25:40
the same as well, you get to take a
25:42
look at our second newsletter, and
25:44
if you don't know now, you know, that's it for today.
25:47
But anyways, Sam? Yes. Yeah,
25:49
it does. Now for our future
25:51
story today, we have one of the largest
25:53
asset managers in the world, which
25:56
is Fidelity, which currently controls over 4,000 models
25:59
and aren't
27:59
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28:26
Next up, Fidelity compares Bitcoin
28:28
to the real. Coding in here, the invention of the real represented
28:31
an entirely new thing that
28:34
once invented can never be reinvented. And similarly,
28:36
never in human history had the problem of peer-to-peer
28:38
electronic paths been solved until
28:41
Bitcoin. Great,
28:42
that's a fact. Next day, Sir, Fidelity
28:45
is amazed that the coin survived.
28:47
Coding in here, every minute, hour, day, and
28:50
year that Bitcoin survived increases
28:52
its chances of continuing into the future.
28:54
People were told we underestimate all the negative
28:57
events that Bitcoin has already endured.
28:59
According
28:59
to Michael Saylor, Bitcoin is more
29:01
likely to hit a million
29:02
dollars than go to zero. Take that,
29:05
Pew. Hardly
29:08
notable data showing how secure the
29:10
Bitcoin network is. Compare to
29:12
other coins. Coding in here, consensus
29:14
here, computational power required
29:17
to alter the network's consensus. Bitcoin's
29:19
stack sees any remaining proof-of-work
29:22
competitors. That's right, there are no competitors
29:24
because as Michael
29:25
Saylor once said, there is a second half.
29:27
Know what I mean? Let me know if you can relate. Next
29:30
up, Fidelity compares Bitcoin to the internet. The
29:32
internet protocol suite known as TCP
29:34
and IP is an open source based layer with
29:36
apps on top of it, which is a lot. How
29:39
many Bitcoin would you assume to be able
29:41
to own the base layer of the internet? So
29:43
how many of you
29:44
own the base layer of the internet, aka
29:46
Bitcoin? Let us know in the comments right down
29:48
below. Next up, Fidelity writes, Bitcoin
29:51
continues to dominate the market capitalization
29:53
of all the competing currency
29:56
tokens. Half and in half, the
29:58
Bitcoin community continues to... We're
30:00
currently above 51.5% which
30:02
virtually means it's a 51% attack
30:05
on the Altcoin market. It's a million dollar question.
30:07
It becomes, how high will the Bitcoin dollar is
30:09
likely to climb this cycle? Can you see 60%?
30:13
Potentially 90%? Let me know
30:14
your thoughts in the comments right down below.
30:17
Now to the next point. Fidelity agrees
30:19
that Bitcoin is useful. It appears at this
30:21
point that Bitcoin has found a role
30:23
in the
30:23
digital asset ecosystem as a share
30:26
of the unit asset at the very least.
30:29
And that they make a good point. Yes sir. Fidelity
30:31
concludes Bitcoin could be considered free. And
30:34
therefore it's completely different from the latter. And
30:36
how solid it is. I agree again to
30:38
DAX Predator. And to read
30:41
this entire report by Fidelity,
30:43
such as the show notes for the video and the description,
30:45
I'll include it for you as I do in each
30:47
and every episode. Now to discuss their
30:50
internet. One billion dollar Bitcoin
30:52
price. And that's why it's not worth it. Fidelity
30:56
is a value of $1 billion per coin in
30:58
roughly two decades,
31:18
specifically around the year 2038. And
31:20
to support his forecast, Temer employed a combination
31:23
of models and charts with a particular focus
31:25
on the stock-to-flow model and his own demand model.
31:27
These analytical tools formed a foundation
31:30
of his
31:30
primary prediction, which you can see
31:32
in this chart that shows you the Bitcoin supply and
31:35
demand model, which we
31:37
can go in more detail later. The burden
31:39
of rule and
31:40
courage in the past law. And according to this, the
31:42
number of
31:42
its users goes manually. A network's
31:45
value interference of Bitcoin price
31:47
grows geometrically. This means that
31:49
the utility and adoption of Bitcoin are expected
31:51
to grow more rapidly compared to its network
31:54
of users exchanging as ATM and
31:56
participating retailers. Therefore, this model
31:58
produces a bit of a...
32:00
He is the new 1530. It
32:03
is usually a disagreement, but we can actually help
32:05
you between the new and now, signed by the
32:08
Hispanic Student Adetecate, which is right in alignment
32:10
with what we would have offered back. And in contrast,
32:12
to our thought-fulfers for this model, noted
32:15
that the event of significant price surges will
32:17
only be set in an act. And consequently,
32:19
when considering this model of conjunction
32:21
with other factors, it foresees a
32:24
price range of $1 million to $10 million in
32:26
Bitcoin
32:26
by the year 2030. Not
32:28
some of the demand model is more inclined towards
32:31
the
32:44
last. Now, in the year 2030, the
32:47
reason behind this debt is
32:49
expected to be the changing value of the model
32:52
and the decision being is right in that number
32:54
proposes that the value of
32:56
the dollar under those fluctuations over time
32:58
and compared to the other assets, for instance. Now,
33:01
if one dollar was invested in fees from
33:03
the 1820, it would be $1 million.
33:09
The attempt to imply that if this $1 million
33:11
is invested today, the
33:12
converter $1 billion in a firm for 20 years. This
33:16
further revealed that the person power for dollar
33:18
has to be
33:19
reduced to a factor of inflation
33:22
and depreciation as well as an alternative
33:25
thoughts and a statement implied that keeping a fixed amount
33:27
of dollars for many years may lead to reduced
33:29
person power to the assets turned
33:32
in value. And over the last few years,
33:34
an increasing number
33:34
of companies are taking over the one-billion market
33:37
interest. This is a review of the
33:39
new sustainable that in the next two decades,
33:41
the concept of a $1 million valuation
33:43
will become a lot more common so much that individuals
33:46
themselves can be worth a $1 million
33:49
or more. In fact, who do you think will be the first
33:51
showing air on this earth? Let me know,
33:53
fans. KB Michael Faylor, KBCZ, KB Max
33:59
There's someone a little bit further down there. So
34:01
is this milestone still achievable for Bitcoin?
34:04
It's a million dollar question. Let's discuss it. This
34:07
site, Bitcoin's historical
34:07
growth, it had recently seen a significant
34:10
setback. And
34:11
we all know, I mean, the volatility
34:13
will likely continue.
34:15
You know what I mean? Things go up, things go
34:17
down. Expect more improved volatility.
34:19
I think that is a given. But there you have
34:22
it. There's the $1 billion Bitcoin price
34:24
prediction coming from one of the world's largest asset
34:26
managers. Again, one billion
34:29
per coin. And that year, 2038, let
34:31
me know
34:31
if you agree or disagree. Yeah, it's
34:33
a value. And don't forget to check out cryptonewslearch.net
34:36
for the full premium experience, with video,
34:38
and to participate in the live Q&A. And
34:41
I look forward to seeing you on tomorrow's episode.
34:44
Hotto.
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