13 Burst results for "Charlie Shrem"
The Bitboy Crypto Podcast
"charlie shrem" Discussed on The Bitboy Crypto Podcast
"What are y'all's guys thoughts on this thing? You know, that's one we have, we might have Josh coming in later, kind of help provide some color and some background for Charles Hoskinson coming out. So it's ETH needed help. Well, let me use their, their, their phrase here was that the helps rescue and restructuring back in 2015. Does that make you bearish on ETH or is this a nothing burger to you? It doesn't make me bearish on ETH overall. It is an interesting storyline. I think this is not, I don't think this is going to go away overnight. I think we're going to dig into this a little bit. I think there, if you look at the early days of blockchain, of crypto, of Bitcoin, of Ethereum, of ripple, some of the first ICOs, all those sorts of things, I think you will find a lot of very interesting history. The more you dig into pretty small group of people, you know, they're trying to start a digital revolution. They were trying to set new standards and a lot of what they were doing, we're benefiting from today. So I just want to go ahead and say that like, there's, there's a lot of stuff, you know, to dig into. So I'm intrigued by a lot of this. It doesn't necessarily make me bearish on Ethereum. Again, like maybe, maybe bearish on Ethereum Classic, right? Like, you know, there's big difference between Ethereum and Ethereum Classic. And back then, you know, this was pre split for a lot of this stuff. So you want to, you need to take that into consideration. And Josh did do a really good thread on X. I mean, I think it's got almost 200 or 115,000 views on it. We're going to pull him in in just a moment. Real quick, we will answer this game for Retro Gamer because it is a super chat. Does blood think Avax and HBAR will pass all time highs or make new all time highs? I'm not sure about Avax, but I'm a firm believer in HBAR. I think so. Yeah, it may take as a slow grind, but they are building the infrastructure. They're building the partnerships. I think that's a great one to hold on long term. I think the high was around 50 cents, maybe 49 cents. And the H barbarian strong community. So let's, let's, let's go ahead and pull Josh in here. He's soon. And we, we will be doing more digging and more information on this. Again, XRP army has been on this for a long time, basically saying they were unfairly targeted by the sec. I don't want to see this turn it. Yeah. I don't want to see the sec targeting Ethereum now. And I don't, I don't think we will see that, but it is interesting to learn the history and history and crypto is one of the most valuable things you can always do. I'm a big believer in knowing the early players, the Eric Voorhees, the Charlie Shrems, the Winklevii know your Bitcoin history, know your Ethereum history and form your own opinion. So Josh, what is your take and what is some of what is what some of what you're pulling together when it comes to ETHgate? Yeah. So first and foremost, everybody that's kind of listening on this, I'm going to explain what ETHgate is. This is something that's been happening for a long time at this point, right? So when you say long time, it started in the 70s, right? When Vitalik sent a bunch of people into Bitcoin headquarters with secret recording equipment.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"charlie shrem" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at cryptonewsalerts.net. Again, that's cryptonewsalerts.net. Welcome to y'all just joining us. This is pod episode number 1371, believe it or not, time sure does fly. And this is August 14th, 2023. I'm your host JV and we have lots to cover. Let's kick off with our market watch. As you can see here, we can see Bitcoin currently consolidating trading just above 29,300. We also have ether and many of the major alts correcting and in the red and checking out of yeah, is that coinmarketcap.com the current crypto market cap sits at $1.17 trillion and checking out the crypto greed and fear index. We're currently rated a 50, which is neutral yesterday at 54 last week, a 49 and last month, a 56 in greed. Without further ado, let's dive into today's Bitcoin technical analysis, shall we? Here we go and welcome y'all just joining us in the live chat. Make sure to say hello and let me know where you're tuning in from. As you can see here, Bitcoin hit multi-day highs after the August 14th Wall Street open as modest volatility trickled throughout the market, which you can see here in the Bitcoin one hour candle chart. We got data from Cointelegraph Markets and Trading View tracked the trip past 29.5, marking the highest Bitcoin price action level since August of the 10th, yeah, that is for the past week. Now, unusually flat trading conditions followed by a brief dip to 29,000 support comprised weekend price action and this is now appearing to give way more interesting behavior analyzing the current setup on exchange order books. We've got popular trader Dan Crypto Trades quitting him here. Quite the wall above price, supposedly to push the price down. Often these big orders are spoof orders and have no intention to actually get filled. He also shares that does show that there is some action going on in the books in this price region, which you can see in this chart. Bitcoin nonetheless stayed above key resistance zone for the bulls to flip with 29.7 still in the line for the sand for the continuation and quitting red capital. Bitcoin will soon challenge the multi-week series of higher highs for a breakout attempt and he also shares this chart. And if we take a look at the latest weekly close of significance, despite the recent lack of volatility coming in at just above the key 29.250 level, which the bulls required, quitting him again here, Bitcoin has just about the weekly candle close above the 29.250 and already Bitcoin is showing very early signs of successfully recessing the 29.250 level of support for this week, coupled together with the diamond shaped bottom, a rebound could be near. And what are your thoughts? Do let me know. Meanwhile, the dollar stalls, which I mean, it's not surprising to me. We all know that Fiat is trash at the end of the day and quoting the gig at shad on this throwback when he used to work at McDonald's. Look at that apron doing whatever it takes. Quoting him here, Bitcoin is money and everything else is credit preach and welcome y'all just joining the live show. Don't forget this is a live and interactive show seven days a week. So make some noise and let me know where you're tuning in from. And at the end of the show, I'll be reading everyone's comments out loud. Now let's discuss rumors that Gary Gensler can be replaced by the crypto mom. How many of you would be excited if Gary Gensler did get replaced from the SEC? As you know, he is currently the chairman. Let me know your thoughts in the comments right down below. This is actually quite interesting. The U.S. securities regulator could completely U-turn its approach to crypto enforcement, depending on a key election in the U.S. next year, 2024, according to the former SEC official John Reed Stark in a August 13th tweet, the former SEC Office of Internet Enforcement Chief predicted that a Republican president could drastically shift the crypto regulatory tide, including the potential appointment of crypto friendly Commissioner Hester Pierce to replace Gary Gensler as the agency's chairman. If you'd like to see that happen, let me know in the comments. Now, there are currently a number of Republican candidates in the running. We have former President Donald Trump remains the most popular candidate. Amongst Republican voters, followed in a distant second by Florida Governor Ron DeSantis and then by South Carolina Senator Tim Scott. Now, should a Republican be elected as president, according to Stark, Gensler would likely be replaced by Pierce, aka crypto mom, as he shared here in this tweet with or will the SEC approve any of the recent Bitcoin spot ETF apps? People often ask for my opinion on whether the SEC will approve any of the recent spate of Bitcoin spot ETF apps, which is an interesting and important question. And he goes on to share that he thinks that, like I said, Gensler can be replaced by Hester Pierce. Now, he also says the world should expect that most U.S. SEC crypto related enforcement and most crypto related SEC disruption would grind to a screeching halt. So is he trying to say the corruption is all democratic? Very interesting. Stark also drew attention to the increasing polarization of crypto regulation within the SEC and U.S. politics. More broadly, when Stark first began writing about crypto in 2017, he said a diverse scope of politicians held the same viewpoint with then held President Trump, Secretary Hillary Clinton, as well as Congressman Maxine Waters, who we have seen blowing kisses to Sam Bankman freed. You can't make this stuff up. Now, crypto has become far more divisive issue. Republican candidate DeSantis said he plans to protect Bitcoin and vowed to ban CBDCs if elected president. And on the other side of the fence, we have Democratic Senator Elizabeth Warren has made a number of concerted efforts to crack down on all forms of crypto in the country, going as far as forming an anti-crypto army as part of the Senate reelection campaign until such a time when Republicans sit in the Oval Office. Stark said it was unlikely that a regulator would become any more friendly towards crypto, predicting that the SEC will reject the current swath of spot Bitcoin ETFs for a change of compelling reasons. Let me know if you agree. Do you think that a spot Bitcoin ETF is likely to get rejected or you think the one from BlackRock will likely get approved as well as a list of others? Now, citing an August 8th Better Markets SEC comment letter, Stark shared that spot Bitcoin markets have a history of artificially inflated trading volumes and are highly concentrated within the hands of few actors and rely on a small group of select entities to maintain the Bitcoin network. This reportedly leaves investors extremely vulnerable to manipulation by bad actors. Well, another reason we need a spot ETF and enough of the futures ones that are manipulated, despite the number of industry heavyweights from the world of traditional finance, such as BlackRock, the world's largest asset manager, Fidelity, lodging apps for a spot Bitcoin ETF product. Stark believes the SEC will eventually reject all of the outstanding filings, which goes against what other experts are predicting, including Bloomberg analysts, as well as all the guys in charge of the ETF, such as Eric Balchunes. He is predicting like a 99 percent chance that the spot Bitcoin ETF does get approved. We also got to consider the track record of BlackRock getting ETFs approved by the SEC is something like five hundred and seventy five to one. So I am more optimistic that a approval of the spot Bitcoin ETF does get approved by the SEC sometime before the Bitcoin halving, scheduled to be in April of twenty twenty four. But what are your thoughts? Please let me know in the comments right down below. Now, let's discuss the latest ramifications of the PayPal stablecoin. Many analysts are predicting very bullish things to come as a result. But could this have a negative impact on the altcoin market, such as with Ethereum? Well, let's discuss it, shall we? And welcome to those just tuning in. A strategist from Bloomberg says that PayPal's launch of its own stablecoin hasn't been priced into the markets yet and should have a significantly positive effect on Ethereum. Now, Jamie Kautz, crypto market analyst at Bloomberg Intelligence, says that market participants are discounting the fact that PayPal's network is hundreds of times larger than Ethereum's. And since the PayPal stablecoin is an ERC 20 token, meaning it's on the Ethereum blockchain, Kautz says that even a small amount of PayPal users converting their PayPal stablecoin will have a massive effect on Ethereum. Quitting him here, the PayPal announcement is not priced in. PayPal has four hundred and thirty five million active accounts versus Ethereum layer one and two active addresses of only one million. So if one percent convert a dollar balance to the stablecoin, four point three five million begin to use it, then the ramifications of the Ethereum ecosystem and ETH, the asset are massive. And you can see here all the blockchains versus Ethereum versus the stablecoins. Now, taking a closer look at Ethereum, Kautz also says that the leading smart contract platform could be undervalued when considering the large growth in fee revenue compared to the rather modest increase of the price. He says such a divergence preceded the bull run of 2020. Quoting him again here, 2023 fees have climbed 176 percent versus the price of 53 percent. The relationship between the two was instructive for the last bull market when the fees outpaced the prices in 2020 after the two year decline. This is a very strong performance from the leading layer one outperforming our expectations on the erosion of fee income from layer two expansion. Ethereum's moat is deepening and widening. So there you have it. How many of you are bullish on the PayPal stablecoin? I have to share my insights. I do not trust PayPal. I don't even trust having a PayPal account because they can freeze your assets at any time. They've done that to me in the past for no logical reason. And also they can freeze your cryptocurrency if you're holding it on the PayPal, you know, not your keys, not your cheese, no different from an exchange. So if you're going to be using PayPal or any centralized exchange to make a sort of transaction, make sure to hold your private keys or forever hold your piece. Now, obviously, the mass adoption element is very bullish, considering they have almost, what do we say, 400 plus million active users. This is bullish. That's why we have some Bitcoin advocates predicting that this news alone, which is not yet priced, then can take the Bitcoin price faster to a quarter million dollars per coin sooner than later, as Charlie Shrem predicted, which I covered in a few episodes ago. But let me know, are you bullish for this factor that the mass adoption is coming in, which we're seeing right now in real time with PayPal, with the launch of their stablecoin? Let me know your honest thoughts in the comments right down below. And now let's break down some more breaking news coming out of Argentina. Let's go. Latin America, please stand up. Here we go. Major news. An Argentine politician who supports Bitcoin and calls for abolishing his country's central bank. Much respect has taken the lead in the country's presidential open primary elections, with over 90 percent of the votes counted. Libertarian pro-Bitcoin candidate Javier Malay is leading with nearly 32 percent, and he is trailed by the conservative Together for Change party with just under 30 percent, according to Bloomberg. Meanwhile, the left wing union for the Homeland Coalition, the incumbent government group, is third with just over twenty eight and a half percent of the vote. Now, Malay founded and leads the Liberty Advances Coalition, whose views have been described as anywhere between libertarian and far right. Malay calls himself an anarcho capitalist and has rallied for Argentina's central bank to be abolished, calling it a scam and has said that human organ sales are just another market. Now, he says Bitcoin is a reaction against the central bank scammers and claim that fiat currency allows politicians to scam Argentines with inflation. Let me know if you agree or disagree. Now, such rhetoric has proven popular with Argentine voters who face an annual inflation rate of a whopping hundred and sixteen percent. Yikes. The worst in over three decades, adding to the country's cost of living crisis. Now, Argentina's general presidential election will be held October 22nd, and if no candidate secures at least 45 percent of the votes, a runoff election will be held in November. Now, for some very powerful quotes coming from him as well. And doesn't kind of remind you a little bit of Austin Powers. I know he has that Jeet Kune Do pose of Bruce Lee right here, but anyways, here's some powerful quotes. Bitcoin represents the return of money to its original creator, the private sector. Bitcoin has an algorithm that one day it will reach a certain amount and there is no more and it can compete with other currencies. Bitcoin is the natural reaction against the central bank scammers and to make money private again in economies with high inflation. The scam problem is bigger. That's why, as I suggest, you can propose to close the central bank. Inflation is killing us. And job uncertainty doesn't let you plan your life. The central bank is a scam. It is a mechanism by which politicians cheat the good people with inflationary tax. So much love and respect to the candidate. I hope he wins. I'd love to see a pro Bitcoin president in Argentina, wouldn't you? And what if he followed in the footsteps of Bukele and made Argentina where Bitcoin is illegal tender? Wouldn't that be something and game changing? Let me know how you feel that is likely to play out. And if you think he'll win the presidency. And with that being shared, fam, now let's discuss the era of fraud as per the high priest of Bitcoin, Max Keiser. And then we'll be discussing Peter Thiel, his four million dollar price prediction and specifically the enemies of Bitcoin, keeping the price suppressed from hitting 10 to 100 X from today's price. And then we'll dive into our live Q &A. So massive shout out to Max Keiser. I posted this this morning and I ultimately transcribed an epic rant that he had. And I hope you have heard it before. If you haven't, you've got to hear it directly from Max. But here's the next best thing. Me quoting it. Wall Street is fraud. America is fraud. The world is fraud. Banks are fraud. Central banks are fraud. We live in an era of fraud. It's all based on fraud and they get a percentage of the fraud. That's the business model to suggest that there is any moral or ethical aspect to anything going on now is to be completely naive about the fact we live in an era dominated by financial terrorists, terrorists, terrorists, jihadis of banking. They are here to kill you and themselves. They don't care because they are trained in Madrasa's called Princeton, Harvard and Yale. They believe in an ideology, not the Koran, but Adam Smith. And they completely misread and misinterpret as something to justify. They're blowing themselves up. And the cost of terrorism is cheap. Nine eleven only cost five hundred thousand dollars. The ability to borrow money and take over a company by Warren Buffett is zero. He is borrowing money at zero. He's taking all of those jobs away. He's creating economic destruction because of financial terrorism. And that's the era that we live in today. Are you going to stop it? There is only one way to stop it. Raise interest rates right now. Make the cost of terrorism too high. Do it today. If you don't, you're a frickin terrorist. Janet Yellen is a terrorist. The Central Bank of Japan is a terrorist. There are the real terrorists, not the immigrants, not the people dying in the water. So there you have it. Let me know if you agree or disagree with the one and only Max Kaiser. Shout out to him and Stacey Herbert and to all the beautiful people in El Salvador making a change and making a difference. Preaching the Holy Gospel, a Bitcoin. I have a lot of love and respect for this man. And with that being shared, now let's dive into our breaking story of the day. Now, Peter Thiel, if you're not familiar with him, he was one of the keynote speakers at the Bitcoin Miami Conference last year, and he made a very great speech and he pinpointed Bitcoin's enemies. Now, some of those enemies of Bitcoin have come around, including the CEO of BlackRock, as well as others. But this is very, very interesting. So I want to break this down for you. Quoting Peter Thiel, I transcribed his speech from the Bitcoin Miami Conference. Here's what he had to say. The enemies list is a list of people who I think are stopping Bitcoin. There are a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which is, of course, one of the ways they hide. And he goes on to share. We are going to try to expose them and realize that this is sort of what we have to fight for for Bitcoin to go up 10x, 100x from here. And if you run the math fam, 30,000 times 10x is a three hundred thousand dollar Bitcoin and 100x from 30,000 is three million. But the time when he made this prediction, Bitcoin was above 40,000, hence the four million prediction, just FYI. Anyways, he continues, the central banks are going bankrupt. We're at the end of the fiat money regime. The first person on the list is Berkshire Hathaway CEO Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. Number one, rat poison. And number two, I don't own any and I never will. Then he opined, I think the sociopathic grandpa of Omaha is perhaps the most honest and the most direct in it preach. Phil further noted that Buffett has a bias that makes him long on the fiat money system and money managers who follow the Berkshire Hathaway executive's advice will pretend it is complicated to invest into Bitcoin. Now, the next person on the list of Bitcoin's enemies is JPMorgan Chase CEO Jamie Dimon, as Max commonly refers to as Jamie the tapeworm. Now, they'll put Dimon's picture up with the quote, I don't call them crypto currencies. I called them crypto tokens because currencies have rules of law behind them. Central banks and tax with authorities. Then the next picture he put up was that of BlackRock CEO Larry Fink with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going. Now, the PayPal co-founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro blockchain is an anti Bitcoin term very typically. And lo and behold, we all know that BlackRock recently submitted that ETF application to the SEC. So even the Bitcoin enemies are coming around anyways. Phil then brought up environmental, social and governance known as ESG standards. Elaborating the following, the label they have come up with and perhaps the real enemy is ESG. I think that ESG is just a hate factory. That's right. He stressed. You can always ask the question, what's the difference between ESG and CCP, the Chinese Communist Party? When you think ESG, you should be thinking CCP and quoting him again. It is the finance, if I'm pronouncing that right, fam, please correct me, that runs the country through whatever silly virtual signaling and hate factory to them like ESG that they have, the billionaire concluded. This is what I would call and what we have to think of as a revolutionary youth movement. And we have to just go out from this conference and take over the world, preach. Nonetheless, here's some more quotes from this speech. It's always hard to know where Bitcoin goes from here. Again, at the time he made the speech, Bitcoin was trading at forty three thousand and asked the question, where does it go? Well, I like to say it is that Bitcoin is almost the most honest market in the world. Well, it always is, he says it is the most efficient market and it was the canary in the gold mine. It was telling us that the inflation was coming in the last two years as it went from five thousand six thousand up by a factor of 10x. It is telling us that the central banks are bankrupt, that we are at the end of the fiat money regime, and that's sort of what it has priced in. I think the central bankers, Mr. Jerome Powell, people like that should be extremely grateful to Bitcoin because it's the last warning they are going to get. They have chosen to ignore it and they will have to pay the consequences for that in the years ahead. So why has Bitcoin not yet gone to one hundred thousand dollars per coin or a million dollars per Bitcoin? Why has it not converged with gold or even with the equities markets more broadly? What is it going to take for this to happen? I know that sort of the way we often talk about businesses or technologies as how great the technology is or how great the code is, how great the math is, how it's sort of innovated. But I want to sort of suggest that we should maybe think of it in a one dimension as sort of a political question. And it's a movement and it's a political question whether this movement is going to succeed or whether the enemies of the movement are going to succeed in stopping us. Nothing shall stop us. Just saying. Anyways, fan, what are your thoughts on what Peter Thiel had to share from his speech? Do you agree with the billionaire PayPal co-founder? Let me know your honest thoughts in the comments below. And don't forget to check out CryptoNewsAlerts.net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"charlie shrem" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. What's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptoNewsAlerts.net. Again, that's Crypto News Alerts.net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap.com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial Security and New York has very clear and strict requirements in terms of KYC, know your customer, and anti-money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid-July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional Bitcoin supplies to manage futures positions, a.k.a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack Mallers recently did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2% as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? Let me know your honest thoughts in the comments right down below, and don't forget to check out cryptonewsalerts.net for the full premium experience with video and to participate in the live Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1370: Why You MUST Own at least 1 Bitcoin - Jack Mallers
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. What's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts .net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap .com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial and Security New York has very clear and strict requirements in terms of KYC, know your customer, and anti -money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid -July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional supplies Bitcoin to manage futures positions, a .k .a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack recently Mallers did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2 % as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? Let me know your honest thoughts in the comments right down below, and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"charlie shrem" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"So you heard it there first. Bitcoin is the currency of the resistance. And he made this call back in 2011. So you got to show massive love to Max and Stacey. But this ongoing B.S. censorship continues. For example, here's another YouTuber who recently got deplatformed. He wrote here for years. I saw Team YouTube as a partner. Partners grow together. Partners support each other. I didn't expect YouTube to be my friend. They don't want me to succeed out of the goodness of their heart. They want me to succeed because this will make them money from ad revenue. So when my channel got terminated, FYI, on the same exact day, my channel got terminated July 31st without any notice nor strikes. A week ago, I felt betrayed. My partner just stabbed me in the back, deleted three years of hard work and in my case, six years of hard work. I won't be able to say any more. Just watch this clip. I already covered why Bitcoin mining doesn't waste energy. I won't be able to refer other Bulgarians to my video where I explain why they simply cannot hack the block chain, why decentralization is important and the utmost importance. Actually, why proof of work is superior to proof of stake and why so many wise answered in the Bulgarian language, a language that few people know and even fewer people can answer these questions in Bulgaria is a small country. I get it. We are not that important, but honestly, does this mean we should be forgotten? I did my part. I worked hard, disciplined myself, made content every day, just as I did for six years. Over three years, I had 400 solo streams and a thousand pods with my guests. This content was chopped into pieces, thousands of clips in my audience to watch future and present content that helps people understand what Bitcoin is, why Fiat corrodes the very fabric of society and why two percent inflation is mandatory for the economy being a lie. After all this effort, I achieved a miracle. People actually liked and watched my content. Think about it. Twenty three thousand five hundred subs in three years in Bulgaria is the same as one point two million subs in the USA because America is 52 times larger population than Bulgaria. And not just that, Bulgarians don't usually make any investments. We are literally the poorest country in the European Union. So what the fuck is going on, YouTube? Why do you have to censor this gentleman just for spreading the word on Bitcoin and bringing obviously trying to bring an end to the fiat corruption and the slave mine, which is perpetuated by this fiat corruption? He goes on to share that I am grateful that the Bitcoin community is so supportive of this matter for without your help. I would have made it even to here. If YouTube doesn't unblock my account, I will move forward. I will move past them and I will never forget how they set me back 100 percent. And I could totally relate being a victim of the same circumstances, having my channel unjustly terminated for no justifiable reason. In fact, the reason that they gave us is a bunch of horse crap. At the end of the day, they claim our content and both of us, they claim our content violated their dangerous and harmful policy, since when is sharing the news about Bitcoin dangerous and harmful? You know what I mean? My thumbs up to thumbs down ratio, just FYI, was roughly ninety nine percent, meaning ninety nine percent of the individuals who watch my content gave me a thumb up and liked it. So who are the mofos claiming that this is dangerous? That's coming from YouTube directly. In fact, I sent an appeal just as this gentleman did from Bulgaria. And guess what they said? We've carefully reviewed your content and we agree with our decision. We made the right decision because your content is clearly in violation. So we respond back. Then obviously, if it's so obvious and clear, why don't you give us an example? Show me one of the videos and a piece of the content, maybe a timestamp where I did something wrong, but they're unwilling to do that. And they ghosted me. Why? Because this is a war against Bitcoin and Bitcoin content creators. So we need your help. We need your support. Don't be silent in this situation. But stick up for fellow YouTube creators that get their channel terminated for no justifiable reason, as I'm doing right now, sticking up for Max because he's been a day one, my favorite Bitcoin influencer, as well as others who have much smaller followings than me because we must stand together. You know what I mean? United we stand, divided we fall. With that being shared, now let's break down our next story of the day and discuss Binance getting a license to do business in El Salvador, which is also breaking news. Here we go. Shout out to CZ Global Crypto Exchange. Binance has reported being granted licensing to provide services to residents of El Salvador. In a August 8th announcement today, Binance said El Salvador Central Reserve Bank had approved the exchanges application for Bitcoin service provider license in the country's National Commission of Digital Assets granted in a non provisional digital asset service provider license. The regulatory approval will allow Binance to offer tailor made products and services related to crypto and Latin American nations. Let's go Latin America. Bitcoin is now as announced here on Binance. Binance is now El Salvador's first fully licensed crypto exchange. With this, Binance has approvals and registration in 18 markets worldwide, more than any other crypto exchange, including France, Italy, Spain, Sweden, as well as Dubai. Now, Binance's head of Latin America, Minlin, said it had taken many months for the exchange to complete the licensing process. El Salvador recognized Bitcoin as the legal tender alongside the U.S. dollar in 2021, following a push from crypto friendly President Nijibukele, shout out to Bukele and the passage of the country's Bitcoin law. And in April, El Salvador's National Digital Asset Commission granted Bitfinex Securities, El Salvador, a digital asset service provider license. The firm largely functions independently from its global exchange. Now, a global crypto exchange, Binance and its subsidiaries have received regulatory approval to offer services in many countries. On August 1st, the firm announced it had launched the Japan based arm and it's the buy based subsidiary received a license from the Emirates Virtual Asset Regulatory Authority in July. Now, in the U.S., however, the exchange faces scrutiny from regulators and lawmakers. You can thank Noclair Gair for that one. The U.S. SEC filed a lawsuit against Binance in June for allegedly offering unregistered securities and operating illegally. And the CFTC targeted the exchange and CEO CZ in March for allegedly violating trading and derivatives regulations. So there you have it. I know El Salvador is doing its thing. Also, Jack Mollers, the CEO of Strike, also just recently set up shop over there in El Salvador. So much respect to Bukele and the beautiful people of El Salvador. And with that being shared now for the latest from Cathie Wood of ARK Invest, talking about multiple ETFs being approved by the same time by the SEC, which can really spark that domino effect as the Bitcoin game theory continues in full effect. So let's break this down and shout out to Cathie Wood. ARK investment management founder and CEO Cathie Wood had reportedly suggested that the U.S. SEC will approve multiple spot ETFs at the same time. And in August 7th interview with Bloomberg, she predicted the SEC would approve more than one ETF at once if it moves forward with any app currently under consideration. And there are so many. Now, ARK Invest sent one of the most recent spot Bitcoin ETF apps in June after amending this mission to include surveillance sharing agreement, as Cathie Wood announces here in this video, which I'll include in the show notes below the video in the description for you to reference and check out. Now, Wood's remarks were similar to the proposal by Grayscale. The company currently suing the SEC over its refusal to accept an application allowing its Bitcoin trust, GBTC, to be converted to a spot Bitcoin ETF, which would only help investors, by the way. So the SEC is supposed to be protecting investors. Yeah, right. Now, in July, Grayscale's legal team submitted a letter to the SEC requesting the regulator approve all proposed spot Bitcoin ETFs at the same time to avoid one having an advantage over the other, such as BlackRock, the largest asset manager in the world. Now, the SEC had never stopped a spot crypto ETF in the U.S., but has allowed the listing of crypto link futures ETFs, interestingly enough, as well as a leverage Bitcoin futures ETF from Volatility Shares Trust. And at the time of publication, the SEC received crypto ETF apps from Invesco, BlackRock, Valkyrie, Vanheck, Wisdom Fidelity and ARK Invest. So there you have it. Do you think BlackRock is likely to get their ETF approved first by the SEC considering their track record? Let me know your honest thoughts in the comments right down below. As we hear, it's like five hundred and seventy five to one in regards to how many ETFs they have been getting approved, BlackRock in their history with the SEC. So if history is to rhyme, then likely BlackRock would be approved first. But Kathy is saying we have to get them all approved at the same time so we don't give any company the unfair advantage. So it's going to be interesting to see how this plays out. And as I mentioned earlier, we already have experts predicting that the spot Bitcoin ETF in the U.S. can get approved as early as the next four to six months. So I'll be keeping you posted. Now, let's discuss Bitcoin continuing its gains of 100 percent plus per year as per crypto analyst Preston Pisch, investor and podcaster. Preston is predicting Bitcoin will put up 100 percent gains annually relative to fiat currencies. In the new interview with Scott Melker, Pisch says that Bitcoin will become an obvious store of value and hedge against an increasing debasement of fiat currencies like the U.S. dollar. Quoting him here, if I buy into this idea, the Bitcoin is going to keep going up by like 100 percent a year, which I do. I buy into that idea because I know the debasement rate that the rest of the planet's fiat currencies are going to go through. That's why I think it's going to go up to relative to those currencies. But what I think a lot of people just for whatever reason can't wrap their head around is the entire planet's expenses are denominated in those fiat currencies. And according to Pisch, Bitcoin's value relative to fiat currencies will eventually double annually, which will boost the adoption of Bitcoin as a payment method. Quitting him again, once we get far enough down this path where people are now getting their bills denominated in Bitcoin because it's starting to take over because it's so obvious it's not 100 percent debasement rate relative to Bitcoin. It's now 500 percent or a thousand percent on an annualized basis because that's where this is all going. Whether people like that or not or don't want to believe it. I don't care whether you believe it or not. That's where we are going. That's going to there's sorry, there's going to come a day where that's the case. And when businesses are going to start saying, no, pay us in Bitcoin, we don't want that fiat because it's debasing too strongly. And that's when you're going to start seeing the pickup and immediate settlement and the demand for it. And then you're going to start seeing all of these people that are sitting on large swaths of Bitcoin, the net producers of the world. They're going to start loading their Bitcoin into these channels because they're going to be demand for the fees. So there you have it. Let me know if you agree or disagree with Preston Pisch. And I think if you do the math, Bitcoin has been pretty consistently gaining, I think more closer to 200 percent gains per year. But correct me if I'm wrong, but that's the numbers I know. So I think this is, I would say, a conservative guess of the future. But hey, even 100 percent increase year over year is pretty major, even 100 percent increase from the previous halving. I mean, I shouldn't say I should say the previous peak from 2021 was sixty nine thousand. So if we only two X from that, this next cycle peak, which is more likely to be sometime in 2024 or the year after the halving in 2025, that's still a realistic hundred and thirty eight thousand dollar Bitcoin price. And imagine a two X that could take us multiple six figures, which would be so exciting, especially considering I'm going to be having a party here in Puerto Rico once the price action hits one hundred thousand and everyone is invited. So make note of it. Mark that on your calendar. Hopefully we see six figures sooner than later. Hopefully in the year 2024, if I had to guess, just as Adam Back is predicting a six figure Bitcoin price by March 31st, 2023, as I covered in a previous episode. But let me know if you agree or disagree in the comments right down below. And with that being shared, fam, now let's discuss our breaking story of the day. That's Charlie Shrem predicting that this new PayPal stablecoin will send the Bitcoin price to two hundred and fifty thousand as well as Ethereum 10 X from here. And then we'll dive into our live Q &A as we do each and every day. Here we go. PayPal's reported launch of a stablecoin is sending ripples of excitement throughout the crypto community. The potential impact is monumental with predictions. The Bitcoin's value will skyrocket to a quarter million dollars and Ethereum will see a 10 X growth on a faster timetable. The introduction of a stablecoin by PayPal, as I covered in great detail in yesterday's episode, a leading online payment platform marks a significant endorsement to crypto. It reinforces the growing acceptance and integration of digital currencies into the mainstream financial services. And quoting Charlie Shrem here on X, PayPal launching a stablecoin will skyrocket Bitcoin to at least two hundred and fifty thousand per coin faster than it was supposed to. And ETH likely will 10 X on a faster timetable. Very exciting. So at ETH's price, let's just round up and say it's two thousand 10 X that would send the Bitcoin price. I mean, the Ethereum price to roughly what is that? Twenty thousand. Wow. Yeah. Could you imagine a twenty thousand dollar Ethereum price and Bitcoin at two hundred and fifty thousand? Let me know your honest thoughts in the comments right down below. So for Bitcoin to rise to a quarter million represents a dramatic increase in value. It signifies a confidence boost from institutional players like PayPal and can trigger a cascade effect amongst other financial giants. Ethereum is also set to benefit significantly. The prediction of a 10 X growth is not merely optimistic, but aligned with the broader trends of decentralized finance and smart contract apps. This announcement builds on PayPal's existing support for crypto as the platform already allows users to buy, sell and hold various digital currencies. The introduction of a stablecoin could pave the way for more advanced financial products and services within the PayPal ecosystem. The crypto community is watching with bated breaths as details that a stablecoin continue to emerge. This development could be a catalyst for substantial growth within the market, altering timelines as well as expectations. So there you have it. What are your thoughts surrounding this? Let me know now for a warning. I don't trust PayPal as far as I can throw them. I lost trust in PayPal a decade ago. The first time they froze my account for too many transactions set out a red flag way before I was even involved in crypto. So I haven't trusted them since. Also, as already leaked on crypto Twitter, which I guess we would now call Bitcoin X or even is it crypto X? Who knows? You guys let me know. But anyways, it was pointed out that they can freeze your stablecoins at any time, just as the same way that PayPal can freeze your account balance at any time so they can confiscate your crypto. So earlier in my Telegram chat, people are asking, where do I where do I buy that new stablecoin for PayPal? I said, if I was you, I'd stay far away from PayPal stablecoin because I do not trust them. If you're looking to invest in crypto, just hold Bitcoin and put it in cold storage for Christ's sake, because PayPal cannot be trusted. But that doesn't mean it can't help usher in mainstream adoption as the Bitcoin game theory continues in full effect just because there are like a quarter billion PayPal users or something crazy like that. I don't know the exact numbers. I covered it, I think, in yesterday's episode. So it's good for mass adoption. And as Charlie Shrem says, it can help usher in a greater Bitcoin price of a quarter million dollars faster than originally anticipated. But that doesn't mean you need to trust them. Trust nobody. Verify everything. This is probably the type of messaging that got me basically terminated from YouTube because I like to preach the truth. I don't trust world coin. Never scan your freaking iris for any government. You know what I mean? And, you know, trust nobody. Verify everything at the end of the day. That is the golden rule inside of Bitcoin. And don't forget to check out CryptoNewsAlerts.net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"charlie shrem" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Yo, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at Cryptonewsalerts.net. Again, that's Cryptonewsalerts.net. And welcome, everyone. This is Pod episode number thirteen hundred and sixty five X live stream number two and rumble live stream. I think number seven or eight. I'm starting to lose track, but nonetheless, fam, lots to discover today. So let's start with our market watch. As you can see here on your screen, we've got the Bitcoin price action pumping back in the green, up roughly three percent for the day. Just under that critical thirty thousand dollar resistance and Ethereum also in the green up two percent. In fact, the entire crypto market pump in and in the green respect that pump and checking out CoinMarketCap.com. The current crypto market cap is sitting at just under one point two trillion, with roughly thirty four billion in volume in the past 24 hours, with the Bitcoin dominance at forty nine percent even and the ether dominance at eighteen point eight percent. And checking out the top one hundred crypto gainers in the past 24 hours. The infamous Pepe up ten percent. And then we have Hedera up nine percent, trading at six cents and Solana up just over seven percent, trading above twenty four dollars and sixty one cents and checking out the top one hundred crypto gainers for the past week AC of green, which we love to see. Now, we only have a handful in the red, so let's go on checking out the crypto greed and fear index. We're currently rated a fifty four, which is neutral. Yesterday was a forty nine last week, a fifty three and last month a fifty five in greed. So there you have it. How many of you have been taking advantage of this recent dip? Let me know. I know in the chat many, many of you did. And shout out to Mikey likes it for the three dollar contribution over there on the rumble rants. I greatly appreciate that. He put hashtag justice for JV. And as you know, J in JV stands for Justin, which is kind of a another way of saying justice, just FYI, I wanted to point that out. But nonetheless, fam, now let's break down today's Bitcoin technical analysis and check out the charts and what's popping with the king crypto Bitcoin recovered above twenty nine thousand August 8th as one trader out of potential breakout already underway. Here you're looking at the Bitcoin one hour candle chart data from Cointelegraph and TradingView followed a modest price rebound after it set local lows of twenty eight six seventy. And still in a tight range, Bitcoin largely followed the U.S. equities during the August 7th Wall Street trading session. And with a despite of a lack of enduring momentum in either direction, market participants look for signals that a return of some sort of trend could already be here, quoting popular trader Jelly. This current formation has a target of thirty two thousand dollars. Can it break the key resistance? Also like to point out there's not much resistance between thirty two and forty G's. So if we can overcome that yearly high, we could, you know, set new trends for this year. Now, the wedge in question began at the start of July and marks Bitcoin's second and as many months, another being in place from April towards the end of June, which you can see in this chart shared by Jelly and quoting crypto analyst Michaela and a pop. He says he called the previous day's downside a standard correction and shared that immediately flipped back on the decent daily candle. Let's see what the CPI will bring on Thursday, which is only two days out and a pop reference, the main macro event of the week, which is the July print of the CPI, which is traditionally a crypto market volatility catalyst. And on the intraday timeframes, the picture was mixed as ever, as game played out between market makers and takers on the exchanges. Yeah, interesting failure to break down force hands, especially from spot traders to be bid, especially since spot takers led the sell off in the first place. And also Bitcoin close to being oversold and a more optimistic market summary, quoting Jan and Jan of the co-founders of Glassnode, suggesting that sub twenty thousand dip had more significance as a local bottom than many realize. And as per the risk signal metric, Bitcoin is the most high risk trading level for several months, coupled with a neutral signal on the alts amid overall volatility near its lowest ever values. The market is ripe for galvanized bulls to step in. They argued bears in control, but getting exhausted. And they also share Bitcoin is close to being oversold. We are going to tap the liquidity pool of demand around twenty thousand five hundred. This could be a reversal, which we were hoping for. Let me know if you agree or disagree with the analysts. Let me know in the comments right down below. Now I want to discuss the ongoing censorship with Bitcoin content creators on YouTube. But actually, before we even step into that, here's some pretty big news. I also want to share with you a worthy check this out, BlackRock considering or insiders are saying the Bitcoin ETF approval is expected in four to six months. Could you imagine a spot Bitcoin ETF being approved in four to six months, quoting them here? This is a big deal because both are contacts from the Invesco side and from the BlackRock side get you to think that this is a question of when, not if, that the outside window, this is probably six months. And so you are kind of of your four to six months if you had to pin the tail on the donkey audit. Now, we all know there's massive amounts of money which can pour right into Bitcoin once upon approval of a spot Bitcoin ETF by the United States SEC. So this can take Bitcoin to a whole new level before the halving, which is estimated to be in less than nine months, roughly sometime in April of twenty twenty four Bitcoin having less freaking go. But anyways, now for this ongoing Bitcoin censorship, I made a post actually this morning right here. You can see when I arrived to Twitter September of twenty nineteen, I maybe only had a couple of thousand YouTube subs, if that, and my tweets got virtually zero engagement facts. Now, Max Kaiser was the only influencer to retweet my content at that time, which provided me with a massive beacon of hope, as you've always been hands down, my favorite Bitcoin content creator via the Kaiser report alongside Stacey Herbert. Now, the Kaiser report is still to this day the greatest financial news show to ever exist. And credited with the very first international TV mention of Bitcoin back in twenty eleven, Max literally called it the biggest story of the decade. This is the greatest achievement of the global insurrection against banker occupation. Bitcoin is the currency of the resistance that's quoting him word for word. And in a second, I'm going to play this audio bite, but I also put here, yes, YouTube took down nine hundred hours and eighteen hundred episodes and thirteen years of work, including the very first extensive multi-year international coverage of Bitcoin via the Kaiser report, because we reported on some inconvenient truths and deep rooted corruption about the US economy and banking system. Now, if you're a fan of the Kaiser report and you'd love to see YouTube bring that mofo back, make some noise in the live chat, repost this and get the word out, because if we don't stand up against this corruption and the war against freedom of speech and the war on Bitcoin content creators, they're going to continue to take advantage of us. Real talk. And with that being shared now for the soundbite from this clip with Max Kaiser and Stacey Herbert, here we go. Bitcoin top 100 rich list from 3rd of June 2011. Here's a little video I made of the top 100. As you can see, it's they're all anonymous. This is fantastic. This is the new Forbes Fortune list, isn't it? These are the Bitcoin fortunes. And notice, yes, all numbers is pure anonymous. And this is the biggest story of this decade. Going forward is the transition from the old way of doing business around the world to the Bitcoin way of doing business, which is purely anonymous. And this is the great achievement of the global insurrection against banker occupation. Bitcoin is the currency of the resistance.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1365: PayPal Stablecoin Will Skyrocket Bitcoin to $250K - Charlie Shrem
"In today's episode, I'll be breaking down the latest technical analysis. Also breaking news. BlackRock insiders say the Bitcoin ETF approval is expected in four to six months. According to Mike Novogratz, let's go. We'll also be discussing Binance receiving licenses to offer crypto services in El Salvador, as well as the latest of what's happening with the ongoing Bitcoin censorship on YouTube and across social media. We'll also be discussing Cathie Wood predicting the SEC simultaneously allowing multiple spot crypto ETFs. I'll be breaking down this latest report, as well as Bitcoin will keep going up by 100 percent per year, says crypto analyst Preston Pisch. We'll be discussing why, as well as our breaking story of the day. PayPal stablecoin can push the Bitcoin price at two hundred and fifty thousand dollars per coin and Ethereum to 10x growth, quoting crypto OG Charlie Shrem. PayPal launching a stablecoin will skyrocket Bitcoin to at least two hundred and fifty thousand dollars faster than it was supposed to. And ETH likely to 10x on a faster timetable. Very exciting. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show.
Business Wars
"charlie shrem" Discussed on Business Wars
"Wide. But behind the scenes, things are falling apart. April 2013, Manhattan. Cameron and Tyler winklevoss marched Charlie shrem out the doors and onto Lexington avenue. Their faces are full of thunder. Cameron glares at sram is he props himself up against a window. I've never been so embarrassed in my life. The trio of just met with one of the biggest venture capitalists in financial technology. It was a meeting the twins moved heaven and earth to get. But sram arrived late, stinking of booze and looking like last night's party never ended. Sremm looks up at the angry brothers. Was it really that bad? You were unprepared. You looked high. You dodged every question he asked. Cameron stares at shrimp and wonders if this is all too much too soon. After all, shrimp is only 23. You know, sometimes great founders don't make great CEOs. Sram jerks upright. You want to. You want to fire me? From my own company? Roger vere was right. You're a pair of suits. Why are you listening to roger? He's a felon. The government has a vendetta against him because of his politics. I just think you need to spend less time with him. If you want this to work, you gotta clean up your act. Okay, okay, okay, I screwed up. I'm sorry. But I get it. I'll do better. But deep down, the winklevoss twins sense that schrems are lost cause. He's trapped between their desire to make bit instant the acceptable face of Bitcoin and veers desire for it to stay true to the cryptocurrencies, libertarian values. But they're running out of time to save bid instant. Before it goes off the rails, on the next episode, sram gets a nasty surprise. A hacker attacks coinbase. And the law closes in on Silk Road. From wondering, this is episode two of crypto wars for business wars. A quick note about recreations you've been hearing. In most cases, we can't know exactly what was said, those scenes are dramatizations, but they're based on historical research. And if you'd like to learn more about the winklevoss twins move into Bitcoin, we recommend the book Bitcoin billionaires by Ben mezrich. I'm your host David Brown, Tristan Donovan wrote this story. Karen Lowe is our senior producer and editor. Edited and produced by Emily frost, sound designed by Kyle Randall. Our producer is Dave Schilling, our executive producers are Jenny Lauer beckman and Marshall Louis. Created by hernan Lopez, for wondering. Laundry.
Business Wars
"charlie shrem" Discussed on Business Wars
"22% stake in bid instant. But they're not stopping there. Bitcoin reminds them of Facebook's beginnings. They saw how the more people joined Facebook, the more other people got sucked into its gravitational pull. They believe Bitcoin could do the same. The more people use Bitcoin, the more popular it will get, and the more its value will rise. So, as well as investing in bid instant, they start buying bitcoins. Fall 2012, the flat iron district, Manhattan. In the empty office of winklevoss capital, Tyler looks at the computer equipment laid out on the large sheet of tarp covering the floor. He's wearing a smock in thick gloves and holding a sledgehammer, a pair of plastic goggles are strapped onto his forehead. Cameron walks towards the tarp carrying a printer. He's also wearing a smock. Tyler Cox and eyebrow is Cameron dumps the printer onto the tarp. The printer seriously, printers have memory chips, and everything's got to go. Fine. That it yep. The brothers have spent weeks buying tens of thousands of bitcoins in a multi-million dollar bet on the digital currency's future. Now, they're out to protect their bitcoins from hackers. And in an online world, the best defense is to go offline. They printed out the private keys needed to access their bitcoins. They're going to dice up these codes and deposit the pieces in safe deposit boxes in banks across America. But before making those deposits, they have to cover their digital tracks. And that means destroying every electronic device they've used to buy bitcoins. Tighter pulls his goggles over his eyes and swings the sledgehammer over his head. He brings it down on the printer's shattering the plastic casing. Tyler heaves the sledgehammer into the air and back down over and over. Keyboard smash screens explode, hard drive, splinter. As he slams the hammer down, he imagines the unblinking face of their multi-billion dollar nemesis, Mark Zuckerberg. The winklevoss brothers are back. And this time, they're out to win. But on the West Coast, the Silicon Valley elite is ready to pick its own Bitcoin champion. Did you know that it can now take up to 11 weeks on average to hire for an open position? That's almost two and a half months. Now, I don't know who's got that kind of time to spin their wheels, especially when you're hiring for a growing business. So why not stop waiting and start using zip recruiter? Zip recruiter can help you find qualified candidates for all your roles fast and right now you can try it for free. At zip recruiter dot com slash BW. How is zip recruiter so efficient at helping you hire? Well, they use powerful matching technology to quickly find and send you the most qualified people for your roles, so speed up your hiring process. With zip recruiter, see why 3.8 million businesses have come to zip recruiter for their hiring needs. Head to this exclusive web address to try out zip recruiter for free. Zip recruiter dot com slash BW. Again, that's zip recruiter dot com slash BW. Zip recruiter, the smartest way to hire. Fall 2013, San Francisco. Fred ehrsam exits the caltrain depot at fourth and king, and heads to the creamery, a squat, wooden eatery selling coffee and sandwiches. A few months ago, air some quick Goldman Sachs and headed west, convinced that the future of finance lay in Bitcoin, not the button down, Wall Street said. He enters the creamery, and looks for the guy he's here to meet. Brian Armstrong. A bald pale man waves at him. Brian? Yeah, you must be Fred. The two men connected on Reddit after Armstrong posted about needing a cofounder for his Bitcoin startup coinbase. There are some like the sound of Armstrong's plan to make coinbase, the simplest place to buy, sell, store, and sand Bitcoin. Armstrong liked the sound of versam. The former Wall Street trader turned Bitcoin believer. Armstrong briefs ursa on coinbase's progress so far. The big break came this summer when I got accepted by Y Combinator. Y Combinator is the Silicon Valley startup school where companies like Dropbox and Airbnb began. Y Combinator helped me attract $600,000 of seed funding. Wait a minute. I thought Y Combinator insists on cofounders. It doesn't take single founder operations. Yes, yes, but my cofounder didn't work out. We disagreed about how to manage customers private keys. It was a fundamental disagreement and cofounding like getting married. Why combinator understood? I see. So what was the disagreement? Well, I wanted coinbase to hold the private keys for customers bitcoins. It's ridiculous that people who lose their private keys can never recover their bitcoins. And my cofounder disagreed. He felt holding private keys ran counter to the Bitcoin ethos of empowering people to control their own finances. I'm with you. Normal people don't want to deal with private keys and encrypted software wallets. That's what's wrong with Bitcoin right now. It's full of people on political crusades to tear down the financial system. I don't want to tear the system down. I want to bring it into the 21st century. Armstrong smiles. He's found his man. Ursula and Armstrong rent an apartment near the creamery and turn it into an office. They pull 16 hour days to get coinbase up and running. In October 2012, coinbase launches, offering a simple website where Bitcoin can be bought and sold with a single click. Simplicity proves to be a compelling proposition. Within weeks, coinbase is struggling to stop its sight buckling from the growing number of users. Come January 2013, it's got 40,000 users who are buying and selling a $1 million of Bitcoin a month. And coinbase earns a 1% cut on every transaction. Then in March, an island 7000 miles away, plunges into a financial crisis. There's growing anger in Cyprus. Most ATMs are out of money and the banks are closed. People are trying to pull their money after the government announced a proposal to tax everyone's accounts up to 10%. The money would be taken from citizens to help bail out the country's troubled financial system. The grim news from Cyprus is a gift for Bitcoin. For Bitcoin advocates, Cyprus bank raid is proof of why it's better to stash your wealth in bitcoins that no government can touch. Interest in Bitcoin soars. For the first time, the value of all bitcoins, tops the $1 billion mark. Coinbase's rush of users becomes a stampede. By April, it has more than 100,000 users. But it's still bit instant out in front. Bit instant now handles 35% of all Bitcoin purchases. Its CEO Charlie shrem is now the toast of the Bitcoin world. He's swapped his parents Brooklyn basement for the bright lights of Manhattan. He's even touring the world as an in demand public speaker, spreading the gospel of cryptocurrency far and
Business Wars
"charlie shrem" Discussed on Business Wars
"July 2011, the Pasha nightclub on the island of Ibiza, off Spain's Mediterranean coast. On the packed dance floor, the crowd throbs to the pounding bead as purple beams of light spin and swoop over the crowd. The DJ drops the beat, green light, washes over the dance floor. The crowd freezes, hanging, waiting. Then, the beat restarts, dancers explode into life. Pulsating in unison under strobe lights. And right in the middle of the dancing throng, our Tyler and Cameron winklevoss after months of rejection from every tech startup they've tried to fund. They've come to party away their frustration. Tyler yells into Cameron's ear. What are we doing here? Having fun, I think. The statuesque twins stand clutching their beer bottles as people dance around them. Tyler drains his beer. I'm going to the bar. You coming? Lead the way. The pair squeezed through the heaving crowd, edging their way towards the bar. But just as they're about to escape the dance floor, someone grabs Tyler's arm. You're the Waco boss twins, aren't you? Tyler turns to see a man with his shirt on buttoned and sweat glistening off his shaven head. The twins are used to being recognized, ever since they were depicted in the 2010 movie the social network. They've been famous. Yes, that's us. Are you still looking for companies to invest in? Because if you are, I've got the opportunity you need. Tyler glances longingly at the bar. Listen, I'm trying to enjoy myself here. Seriously, you don't want to pass this up. Tyler rolls his eyes at Cameron. Fine. You got 30 seconds. Okay, there's this kid who lives near me in Brooklyn. He's got this online business. I'm investing in. It's about the future of money. Bitcoin. What's wedges Bitcoin? What's Bitcoin? Digital money. It's going to re-engineer the financial system. I'm talking about a currency that knows no borders can't be counterfeited and doesn't need banks. This kid I know, Charlie schramm is his name. He's right there on the ground floor. Okay, how's this supposed to work? Hard to explain. Look, here's my card. Call me when you're back in New York and I'll introduce you to Charlie. He can explain it all. The guys up freaking genius. Seriously, call me. August 2012, Manhattan. In bit instance cramped office overlooking west 23rd street. The winklevoss twins watch as Charlie shrem pours another round of vodka shots. The crucial thing to understand about Bitcoin is that it's the first scarce digital asset, okay? Everything else online is endlessly copyable. But the supply of Bitcoin is finite. That scarcity gives Bitcoin value just as scarcity makes goal valuable, okay? Only 21 million bitcoins will ever be created ever. Sram raises his vodka shot. The twins shrug and do the same. A haim? Since they're dance floor encounter, the twins have become intrigued by Bitcoin. So they've come to size up bid instant and it's motormouth founder. Cameron tries to parse what shrimps actually saying. But if there will only be 21 million bitcoins, there won't be enough for everyone, right? Bitcoins are divisible just as dollars are divisible in dissents. Every Bitcoin is made up of 100 million satoshis. Tyler takes over the questioning. What stops me spending the same Bitcoin over and over? The blockchain is the tech behind Bitcoin and it's real cool. It's an online record of every Bitcoin transaction. It's like a list of who gave bitcoins to who and when. So wait, it is the blockchain, just like a ledger, what's so special about that? It's more than just a ledger. Think of it like a long chain of LEGO blocks. Every block in the chain contains a bunch of transaction data, and every ten minutes a new block with the latest transaction data gets added on. Okay, right, but how does that stop me spending my Bitcoin twice? The computers on the Bitcoin network check every transaction using the data stored in the blockchain. If someone tries spending a Bitcoin, they don't own. The network spots it. Okay, what if I change the data in the blockchain to say I still own my Bitcoin? You can't. You can't because if you mess with the data in one block, that block will no longer connect with the blockchain. So remember I compared each block to being like a LEGO? Yeah. LEGO blocks locked together because they have the same shaped holes and studs. Well, unlike LEGO, the connections on every block in the blockchain are unique. You can't just stick a block anywhere on the chain, okay? The connections on each block are shaped by the transaction data inside the block, and those connections only interlock with the exact block that came before it in the chain. And the exact block that came straight after it. Tyler leans forward. So if I go and change the transaction data in the blot. Yeah, you change the connections on the block. And it can no longer connect to the blockchain. Wow. That is clever. Sort of makes it impossible to change the data in the blockchain. You got it. The blockchain stops double spinning a bitcoins, and people undoing transactions, and all without people or a central organization overseeing things. Schram reaches for the vodka bottle. The twins are warming to him. But there's an elephant in the room. Silk Road, the online marketplace where people can buy drugs with bitcoins. Cameron leans back in his seat. But what's Bitcoin's real use? People aren't using it to buy pizza and vodka. I bought this vodka with Bitcoin. But I know what you're really asking me about is Silk Road, right? Yeah. We visited it during our research and got all the drugs. And people selling guns and fake passports. There were even hitmen for hire. We don't want to invest in a business that enables criminals. Srem tries not to think about the major bid instant customer who's buying Bitcoin to sell on to Silk Road customers. Sram figures it's better if the twins don't know about that customer. Silk roads in early adopter for sure, but I want Bitcoin to go mainstream. That's why bit instant registered with the US Treasury is a money transmitter, even though we're not required to, but we're just ten people handling $2 million of trades a month. We need more people and that means we need investment. Another shot? Reassured by the news that bit instant is already engaging with federal regulators. The twins raise their glasses. After months of being rebuffed by Silicon Valley, they found what they've been looking for. Right on their Manhattan doorstep. The twins pay $800,000
Business Wars
"charlie shrem" Discussed on Business Wars
"On the last episode, the mysterious Satoshi Nakamoto created a revolutionary digital currency, a criminal mastermind used Bitcoin to open an online drugs marketplace called Silk Road, but hackers raided the world's dominant Bitcoin exchange, mount gox. Now, Bitcoin's biggest fan is trying to safeguard Bitcoin's future by reducing its dependence on mount gox. This is episode two. The untouchables. November 2011, Brooklyn. In his bedroom, Charlie shrem checks his watch. It's almost 10 p.m.. He can't believe roger ver the Bitcoin Jesus wants to talk to him. He's just a short 22 year old living in his parents basement. Srem checks himself in the mirror. He's got short black curly hair, thick eyebrows, and a 5 o'clock shadow. He removes his glasses, puts him back on and then tosses him aside. No glasses, definitely no glasses. Tram races to his computer to answer veers sky call. Okay, shroom play it cool. There appears on the screen. Hey roger, Charlie. Thanks for making time. Like I said, I want to know more about your company, bit instant. I like the little I've heard. Sure, sure. I started it back in June with my cofounder. Oh, you should have said something. I didn't mean to exclude anybody. No, no, no, no. It's okay. Garret like a silent partner. He's autistic, Asperger's. And he lives in Wales. He likes the tech part, business side not so much. And I barely spoken to him. We just chat online. Uh huh. So what's the vision for bid instant? Right now, everyone trades at mount Cox. Yeah, but it's a hassle. They're slow, sites always falling over in its hard to use. Too hard for people who are new to Bitcoin or just curious about it. Totally, totally. That instant deals with mount gox, so you don't have to. See, we front the money to mount gox. Take a fee and let people buy and get bitcoins on the same day. We also work with trust cash to make it easier to pay. Trust cash. What is trust cash? Trust cash lets you go into thousands of stores like Walgreens and pay cash for trust card credit. And then you can use that credit to buy Bitcoin on bid instant. No waiting around for wire transfers. Our goal is to get Bitcoin in everyone's hands. I want bid instant to be the apple of Bitcoin, but right now money's tight. My mom gave me $10,000, but we need more to cover the cost of buying Bitcoin from mount gox up front. They're smiles. Well, I like you and what you're doing. I want to invest. How much were a 15% stake? Srem didn't expect veer to make an offer right away. He hasn't got a price in mind. Shrimp figures better go big or go home. $120,000.
Business Wars
"charlie shrem" Discussed on Business Wars
"The winklevoss twins tried to put Facebook behind them by going big on Bitcoin. But now, the brothers are worried that their bet on bit instant and its young cofounder Charlie shrem is about to go down in flames and tank their comeback. This is episode three. The great slow motion swindle. Summer, 2013, San Francisco. In a busy diner, the coinbase team slide into a booth to grab dinner before returning to work. The waitress takes their orders and heads for the kitchen. It's been a whirlwind few months for the startup. A year ago, coinbase was just an idea in CEO Brian Armstrong's smooth shaven head. 6 months ago, it had just opened for business. Now, it looks after tens of thousands of people's bitcoins. But its team is still small enough to squeeze into one diner booth. As they wait for their food, one employee butts heads with Armstrong. Bitcoin isn't the only cryptocurrency anymore. There are at least 60 cryptocurrencies out there now. You know, we should add support for them. No, no, no, no. Every one of these cryptocurrencies comes with its own quirks, blockchain, and security issues. Besides, none of them are popular enough to justify the cost of supporting them. Cofounder Fred erson wades in. Ryan's right. Bitcoin, sorry, excuse me here. For some checks his phone. And frowns. It's a security alert. Some customers trying to exceed the Bitcoin withdrawal limit. One of the team grabs his laptop from his bag. I'll check it out. The team waits anxiously as the employee opens his laptop and logs into coinbase's systems. Okay, I'm in. Let's see what's going on here. Ah, there you are. What's happening? This guy's trying to get his Bitcoin out. Wait, um. That's weird. What is? It looks like he's using one of our contractors accounts to add Bitcoin to another account. And now the bastard's trying to withdraw the coins. Well, not anymore. I just need to change the contractor's password and kick him out. Or some leans forward. Did he get anything? Yeah. A couple hundred Bitcoin. Or some winces. That's tens of thousands of dollars gone. Damn, how did he hack us? Armstrong places his hands on the table. And looks at the team. Guys, I doubt it's a hag. He probably tricked our contractor into divulging their account details. Either that or he hacked the contractor's computer. The team stares at the table. Coinbase has just been robbed. Armstrong frowns. It's an expensive loss, but a fraction of what coinbase could have lost if a more sophisticated hacker had breached its defenses. You know, people trust us with their Bitcoin. And that makes us a target. Guys, I think this proves it. If we got hacked for real, it could be the end of us. We need to tighten security. But as the coinbase team scrambles to fortify the defenses, bit
Business Wars
"charlie shrem" Discussed on Business Wars
"2013, a penthouse in Panama City. Inside, there's a party going on. But on the balcony, but instant CEO Charlie shrem stands alone looking out over the city's impressive skyline. Tall skyscrapers lit up in gaudy neon, stretch into the dark skies. Cars, zip along the highways below, and huge ships float down the famous canal. Roger ver, the bit instant investor in cryptocurrency champion known as the Bitcoin Jesus, slips away from the party to join schramm outside. Amazing, isn't it? Panama, the real land of the free. None of that anti money laundering compliance crap. You can make a decision without worrying about getting locked up. Veer spots the glum look on shrem space. Selling wrong, Charlie? I just checked my emails. The winklevoss twins are on my case again. They want bit instance new site launched within 30 days. And if it doesn't happen, they're going to pull their funding. Without that money, bid instance gonna go under. Typical winklevoss tantrum. They make me feel like dirt roger. I mean, they actually called me a child, a child. Can you believe that, man? They tell me I'm doing it all wrong, but it's not like they've ever run a company. Veer wraps an arm around shrimp. Come on, forget about them. They just want you to be their puppet. That's unfair. They want Bitcoin to succeed. They just have a different view of how to do it. From me or from you. Shrem pulls away from beer. And turns back to look at the city. I don't know. It's not just them. Gareth also emailed me. About BTC king, he's this guy down in Florida. He's one of our biggest customers, but Garrett says I should shut his account because his transactions smack of money laundering. What did you say? I said money laundering cool. I know I shouldn't have been so flippant. After all, Gareth's my cofounder. Come on, Charlotte. Come back to the party. Worry about all that stuff tomorrow. Yeah.