Bitcoin pod in today's show bitcoin price gets $36,000 fomc Target as Bitcoin prints a 29% oober gains as we enter Moon vember send it and let's go also in today's show quitting Max Kaiser Bitcoin is up over 100% since my interview with Daniela cambone nine months ago gold unchanged I wish I Could sugarcoat the truth but the harsh truth is Bitcoin is demonetized in gold for every $1 move up in Gold will average a $20 move and Bitcoin preach also in today's show that's fraud says prosecutors and closing arguments at the sand bankman free trial I'll be sharing the latest Updates with you here also coinbase launches a regulated crypto future service for us retail Traders that's right also PayPal scores UK crypto license after a brief local Bitcoin buy halt also going to be sharing with you Invesco Galaxy spot Bitcoin ETF joins Black Rock officially On the DT CC site and speaking of spot Bitcoin ETFs Fidelity revives their Bitcoin ETF app I'll be breaking this down for you also they recently published a report explaining 10 reasons why you should consider buying Bitcoin this is a pretty big deal considering it's a $4.5 trillion doll Asset manager with 43 million investors trusting Fidelity also be sharing their $1 billion bitcoin price prediction we'll also be taking a look at the overall crypto Market all this plus some much more in today's show and welcome everyone to today's episode this is podcast episode 1448 I'm your host JV and today is November 1st 2023 be sure to smash that subscribe button so you can get onscreen recognition and be sure to hit that like button as it helps out tremendously with a YouTube algorithm I want to give everyone a quick shout out in our live chat massive shout Out to the moderators first and foremost we got streamlabs we got Bitcoin Maximus we got digital dankness shout out to Jeff s he says a spoonful of Bitcoin pump sugar helps the orange pill go down we completely understand those feelings precisely Good Vibes fam shout out to Greg Miranda JV let's Pump this mofo party to 35,000 send it let's go shout out to passive income AI nice to hear Fidelity is preaching Bitcoin to buy that's right and they started accumulating Satoshi on the low many years ago I think it was all the way back in 2014 so they bullish on bitcoin behind closed Doors for a long time just like the rest of them what up sat wise jenss in the building shout out to the fam who's are welcome appreciate you tuning in always a pleasure shout out uh to The rest of you guys will stops Sun versus Guru we got Dutch hodler let's go Bulls we're in control that's what's up and it's Moon vember officially happy first of the month November first October did not disappoint to say the least but this bullish trend is only just getting started so Let's kick off today's show as we do each and every day with our market watch shall we let's check it out as you can see here we got Bitcoin up 4% for the day and in the green uh currently Trading above 34,500 we have salana one of the biggest breakaways in the top 10 I believe it's up now 16% trading just under 42 bucks and checking out again I say when in doubt zoom out so forget The performance for the past day let's check out the performance for the past week we're up 2% for BTC a little stagnant but nonetheless still a gain and if we check out the performances over the past month here's where things get exciting you can see October absolutely didn't disappoint 23.5% Gains for the king crypto 5% gains for ethereum but notice Bitcoin clearly leading the pack minus salana salana is up 75% for the month good Lord and checking out coinmarketcap.com the current crypto market cap sits just shy of $1.3 trillion dollar so it's also on the rise with roughly 45 Billion in volume at the past 24 hours Bitcoin dominance took a little leap back currently at 52.5% after tapping 53% earlier in the week and we have The Ether dominance at 17.1% and checking out the top 100 crypto gainers of the past 24 hours near protocol leading the pack up 16.5% trading At a152 followed by salana up 16% trading at above 42 bucks followed by qtum up 13% trading at $347 and uh let's just check out these market caps for a second let's check out the 24-hour volume tether is leading the pack here holy moly it looks like 34 billion if I'm pronouncing that Number correctly it gets a little confusing when you see so many uh repetitive commas but I think that is correct followed by Bitcoin with roughly 19 billion in volume which is roughly 550,000 BTC and uh checking out crypto bubbles we can see the top performers in the crypto market for the day Massive green we love to see this that means the altcoin market is currently pumping and if we switch it over to the weekly a lot in the green we switch it over to the monthly massively In the green we check out for the yearly we got some major gainers and the market cap plus the week we can still see Bitcoin in the green and checking out the crypto greed and fear index We're currently r did a 66 same as yesterday in greed last week a 72 and last month a 50 which is neutral so there you have it crypto fam massive shout out to Z grro I appreciate the Super Chat he Wrote shout out to all the mods and to the fam what's up JV can't participate today but still listening let's freaking go well I appreciate the love much respect I believe Moon V is just getting Started I'd love to see us surpass not only 40 but retest that $50,000 level I believe we can do that before the end of this year but what are your thoughts fam I believe there's so many bullish Catalyst in the market right now as we head into 2024 around the corner Bitcoin having Bitcoin ETFs lined up you got about a dozen applications on the deaths of the chairman of the SEC Gary gendler we also got to consider the supply shock a very limited number of Bitcoin currently on The exchanges with massive demand when there is massive Demand with a limited Supply prices tend to go up yeah that's what's up guys Smokey let's go appreciate you guys shout out to Australia Shout out to all my cats in the UK be sure to let me know where you're tuning in from this is a live and interactive show so I expect you to interact with me it'll make it that much more fun what up Abel Gonzalez he says bring it 50,000 send it bad Sunshine let's go for the alltime high you already know I love price discovery mode there's nothing more exciting in the market that's when we eclipsed the previous all-time high which is currently sitting at 69,000 which we achieved all The way back in November of 2021 on board from Clearwater Florida pump BTC you got that right DCA my old stomping grounds let's go shout out to John 316 over in Canada did you guys check out my JB reacts yesterday to Alex Jones and Max Kaiser for the quiz for the 10,000 BTC if so let me know your feedback on that that was lit and that was uncensored exclusively on Rumble just FYI shout out to Robert Brady I appreciate you relaxing and meditation music appreciate you guys all Right let's kick things into high gear and look into today's Bitcoin technical analysis check out the charts where the king crypto is likely to go next as we continue the pumpage into Moon vember here we go check out this chart on the one month Bitcoin has seen its highest monthly close Since May 2022 after October delivered almost 30% bitcoin price gains imagine Moon vember another 30% just saying be prepared fam data from coin Telegraph and trading view confirms the Bitcoin Bulls had successfully held to the upside into November 1st you damn straight after navigating The choppy mid-month trading environment hodlers were treated to a finale similar in character to October's initial breakout monitoring resource coin glass thus put October as the second best performing month of 2023 Bitcoin gained 28.2% trading uh trailing only January's 39.6% so Overall it's been a hell of a year over 100% uh year-to date you know what I mean reacting we had blunts what a great username by the way cautioned over discounting what amounts to a high time frame Weekly range breakout quoting him here I believe the current one will be akin to the October 2021s and the April 2019 one he wrote on X and in Bolt scenarios Bitcoin entered a new bullish phase with straight up side lasting several months as outline here in these charts shout out to blunts now Striking a similar note fellow trading personality mustache IED the TK crossover indicator for a rare bull market trigger TK crossover it gets the name from a trading signal on the imichi oku I'm sorry if I'm pronouncing that wrong and it involves two of its trend lines we have the tenkin sen And the kijun sen produced a once in a cycle full flag at the monthly close as he shares here on crypto Twitter and on a slightly more conservative note we got onchain monitoring resource material indicators suggesting the bullish momentum while still present is waning compared to last month As he shares here still waiting for a retest of 33,000 although we may not see it until after an attempt at 36 I'd love to know your thoughts meanwhile volatility remains on the menu for the market participants with the week's Main macroeconomic Event due later in the day this Comes in the four form of the US fed announcing its interest rate policy adid a testing inflation environment let me know if these numbers came in yet fam now fed chairman Jone pal is going to deliver this speech and hold the conference so I'm curious did this conference take place and if So what are the numbers please let me know in the chat and according to the latest data from the CME group's fed watch tool the odds of that eventually currently lie nearly at 98% and commenting on the potential knock on effects for the Bitcoin price action crypto Tony shared the following More volatility and more movements as the talk begins and the data is released I personally expect a pause and no hikes so I expect we see a $336,000 hit on this data following a fake out Down first he added joining calls for a tap of the $336,000 mark and now let's share some thoughts from Max Kaiser uh how many of you watched that uh interview he did at the end of last year stanbury research Daniela cambone and he was predicting Bitcoin targets and talking about gold and lo And behold he reminds us here Bitcoin is up 100% since my interview with Daniela 9 months ago gold unchanged I wish I can sugarcoat the truth but the harsh truth is Bitcoin is demonetized in Gold so For every $1 move up in Gold we average a $20 move in Bitcoin preach fam he also when he was interviewed with uh Alex Jones on the Alex Jones Show he recently made this prediction as well all Fiat money and gold eventually goes to effectively zero against Bitcoin because demonetizing gold the Same way gold demonetized silver Bitcoin will be demonetizing gold and it is in real time so sure gold will go to maybe two to three to $4,000 an ounce but we're talking about Bitcoin eventually going to5 to10 million per coin so your purchasing power in Gold terms is almost basically nothing Compared to what's happening in Bitcoin that's right because Bitcoin is the apex predator and all Commodities all assets and all Fiat currencies a eventually go to zero against BTC so there you have it fam I'd love to know your outlook for the Bitcoin market now that we're in uh Moon Vember let me know your thoughts how high do you think we're likely to climb for this cycle let me know fam shout out to Jack Jong I appreciate you also 220,000 is the short-term Target Max Kaiser says is currently in play could you imagine we hit this target like pre- Bitcoin having when Everyone least expected you I mean maybe some of y'all are anti ating that as a cycle Peak but just saying anything can happen so be prepared for all scenarios shout out to baz Dragon appreciate you man Fairground in the building JJ what it do I appreciate y'all uh managed more or less to Catch the top of the pump very satisfying well congratulations either way you're stacking SATs for the Long Haul it's going to be a fantastic ride to the Moon let's freaking go shout out to BN I appreciate you tuning in Greg what it do thank you JV for what you do for the community You're very welcome and we're on the cusp of Crossing 347 as we're pumping let's go Jeff s has $157,000 Bitcoin in 2025 I'm all for that I think realistically that would be conservative but hey it's still six figures I think if I had to give a range for the cycle Peak by 2025 I say on the low end conservative I'd go at Max Kaiser short-term Target of 220,000 and for the highend I think we can go as high as 500,000 what what's your thoughts zwi says I know salano will Outperform Bitcoin at points but I sleep well at night 100% in Bitcoin without trading it I lost three to four Bitcoin in the last years betting on everything to xrp Litecoin link ethereum I feel you dog sometimes the safest horse in the race as Paul tutor Jones said is Bitcoin right It has the least risk and you're most unlikely to get wrecked altcoins will leave you wrecked if you're not careful you know I mean Bitcoin is pumping today let's hit 35,000 during the show that's what's up if we can break 35 and continue pumping we'll do like another 12-hour Marathon Bitcoin watch session like it did a few days ago that was kind of lit it was all through the night I think I kicked it off at midnight we called it a Bitcoin midnight pump party maybe we'll Do another but I want to break 35 the current local high for the year is 35,200 so what are we roughly $500 shy from that number Bitcoin can do a $500 move just like that you know what I mean Chris says 130 to 220,000 excellent targets send it let's go smart sat wise says dankness I still use alts for trading and Bitcoin for stacking but not everyone has my risk tolerance that's what's up we all have different risk tolerance 100% good point David says Bitcoin has no counterparty risk That's what's up now that's funny says I'll be happy with 250,000 in the next 2 years won't we all it's going to be a hell of a celebration here in in Puerto Rico at the $100,000 Fiesta if you're Going to be coming let me know I guarantee you it will be lit you were naked um well not fully naked but I had no shirt on at midnight please come on I didn't mean to show my camera I hit A short key shortcut on my keyboard and then I'm like I'm exposed but that was hilarious I felt like kind of like a deer in headlights I'm like oh my God I'm streaming with no shirt On but who cares I'm a dude I can have no shirt on I can Flex those muscles original is always best thank you dbby jdub said what up crypto news what up JB just got back from Vegas I am ready to Mine more Fiat to buy more Bitcoin I'm with you on that let's freaking go yeah that Wick going to Candle Stick let's go JB what's your rule of thumb for taking profits honestly I just huddle For the Long Haul I'm not all for taking profits because I'm in it for the long Hall if I'm looking for a short-term gain then it would make sense maybe you need a profit but you I mean I work I produce an income and I'm I'm not living uh necessarily off of what I have accumulated so I just continue stacking so My Philosophy is a little different I just continue adding to my position which we call stack and SATs DCA dollar cost average my goal is to just have more Bitcoin Than I had the previous month have more Bitcoin this year than I had the previous year have more Bitcoin today than I had yesterday and if I can follow that simple strategy and huddle and have the patience life is good so very simple Andy Surfer let's freaking go but all right fam Let's break down our next story of the day did you know the SPF trial has officially ended and here were the closing arguments shared in the court from with s bankman freed I can't wait To see the updated pictures with the new do they say he finally cut the frow you I mean SPF trial entered the final stages with the prosecution uh delivering closing arguments in the case on November 1st which is today closing arguments are the last opport opportunity for lawyers to Convince the jury and the judge that they should win the case prosecutors had previously estimated that their closing arguments would take up to 4 hours and right after bankman Freed's defense also presents its closing arguments quoting them here that's fraud it's stealing plain and Simple before FTX there was Alam the assistant United States Attorney reportedly told jurors presenting one of the many charts the government used as evidence the former CEO of FTX is facing seven counts of fraud and conspiracy to commit fraud bankman freed can serve up to 115 years In prison if convicted and if he doesn't get pardoned by sleepy Joe Biden just saying a jury of 12 will decide his fate in the coming days and as part of the prosecution's case against bankman freed nearly 20 Witnesses have testified that he allegedly deceived investors customers and Partners of FTX while coal mingling funds with alamer research quoting them here the defendant set up two separate ways you believe even one of the three Cooperators the defendant is guilty an unlimited line of credit just means unlimited money from FTX Ellison told you he directed us Gary Wang said the same thing the defense on the other hand tried to present bankman freed as an entrepreneur who just made some terrible mistakes but in good faith denying the accusations he directed his inner circle to make political contributions as we know he was the second largest Donor to Biden's Democratic party he also o had Venture investments in the purchase of luxury real estate with customer funds that's right his parents were profiting tremendously off of that real estate in the Bahamas Now bankman Freed's defense faces a tough challenge in persuading the Jurors I'd say that again that he is innocent of the charges as the government presented extensive evidence including testimony from the officials and law enforcement agents involved in the case here's what they shared the defendant marketed the liquidation engine saying FTX was safe he Told Congress collateral Ro must be placed on the platform itself not just pledged but the secret rules allowed Alam to borrow billions without any risk of being liquidated that's right they were stealing your funds fam stealing your crypto sand bankman freeze trial had been taken place in the Southern district court of Manhattan since October 3rd and we should be getting a verdict here in the next week or two so I'll be keeping you posted with the latest updates now for the million dollar Question what do you think will become the outcome of all of this obvious ly he's going to have to face some consequences if he is found guilty on just one of the seven fraudulent charges but how Do you feel it'll likely play out do you think they may place the blame on the executives that testified against him like Gary Wang and Caroline Ellison or do you think bankman Fred is going to take the blunt of this uh sentence let me know your thoughts fam I'll start reading them out Loud SPF will be in jail for life I mean if he is found guilty that's what the law says you I mean he bought some lingerie what lingerie time with Maxine Waters yuck throwing up that's right wasn't Maxine Waters like she's like a judge as well right wasn't she blowing kisses I seen uh footage of this she's like Sam I love you I'm making that part up but you're incredible Sam I love yourAfro the extended uh funds are going out with ftt tokens used on FTX to decrease your trading fees that's interesting I also heard a rumor that they're going to be relaunching the FTX exchange if they were to do that how many of you would feel comfortable ever using that scam exchange ever Again even if they rebooted I'd have even less Faith obviously I mean I think it's insane but hey we're above 347 and we're continuing to pump towards 35 so let's keep it moving as predicted by The Simpsons points out Davy word up broken money fuels a broken system there is zero time uh good point David he is going to take the blunt end of something word FTX 2.0 no thank you I don't think Anyone would touch that with a 10-ft pole unless you're just crazy what do you think about cardano um and something else but I can't read it's cut off it reaches the time again um I'm not a big Fan of cardano I've never really been a holder of cardano so I don't have a lot to say about it I'll be honest with you um I know it pumps a lot like typically around the time xrp P pumps and uh xlm Which is Stellar lumens I know it's a banking coin and I'm just Bitcoin is like enemy of the banks you I mean it's like there's banking tokens and there's Bitcoin there's cbdc tokens and there is Bitcoin there is no in between that's just how I feel but anyways I appreciate all those Smash likes fam what up dub proof salana I mean it's the biggest gainer uh for the month it's up 70% that's massive but I'll be honest I'm not bullish on salana once we discovered it was being used by the venture capitalist and bankman freed for scamming purposes on the FTX exchange I lost All respect for it and uh yeah I just felt that way I feel like a lot of uh Tom Foolery is going on with the project but then again I don't have any insights I don't know any of the developers So I don't have any insight information to share with you so it just is K Jam says saw the video uh pop out on my YouTube feed this morning uh word up titled self- custody to become IL legal oh We're going to talk about that later uh Senator Elizabeth Warren wants to uh make self- custody of your Bitcoin illegal she said this in Congress I actually have a clip and later in the JV react session on Rumble exclusive on Rumble we do JV reacts uncensored I'll be reacting to the audio Clip of Senator Warren Warren suggesting this BS which we know is nothing more than fud they were using Bitcoin too what up zero doll Gro yeah ft X was stealing your Bitcoin here's how the fraud would work you upload your precious Bitcoin to the FTX exchange they immediately offload it To alamaa and then they stole AKA borrowed as they claimed your funds and then never paid it back and I believe the reason we didn't pump to 100,000 in November of 2021 was they were dumping it they were suppressing the Bitcoin price uh bankman freed it was shared that anytime the Bitcoin price Surpass 20,000 they would be dumping all their Bitcoin on the on the open market and who knows if he was colluding with Gary gendler who really knows it's all speculation but an interesting story nonetheless all right fam now let's discuss the latest updates with coinbase in the United States launching some uh future services for retail Traders here we go coinbase Advanced allows retail traders in the US access to regulated crypto future contracts four months after coin based Financial Market secured the approval to operate a Futures commission Merchant entity so Why is The Regulators and the SEC allowing all of these future products but no spot ETF something sounds fishy wouldn't you agree on August 17th the CFM secured regulatory approval from the National Futures Association a commodity Futures Trading commission designated of self-regulatory Organization to operate a fcm and to offer crypto future services to eligible us Traders and by a show of hands in the chat how many of you have used coinbase as an exchange and how many of you Are familiar with coinbase Advanced let me know fam and in detail shared with coin Telegraph the CFM revealed that coinbase advanced customers in the US can now trade nanosized future contracts sized at 1/100th of one Bitcoin interesting and one on10th of one ether as explained here by Andrew Sears the CEO of CFM quoting him here these contracts offer lower upfront Capital requirements and can be an affordable investment option for a broader range of retail customers now the Nano ether contract allows participants to manage the risk trade on margin or speculate on the price of Ethereum the Nano Bitcoin contract allows users to bet on the future price a BTC and in addition to providing regulated leverag and cash settle crypto Futures users will be provided access to a library of educational content via coinbase learn us residents with an active coinbase Account for spot trading are eligible to create an fcm Futures account how many of you even trade Futures to begin with let me know the services have been launched on the web version and will soon be available on all mobile devices coinbase's decision to launch crypto future Services seemed Natural as the exchange witnessed a sharp Decline and spot trading volume this year compared to 2022 now an analysis from digital asset provider CC data showed coinbase registered roughly $76 billion worth of spot trading volume a 52% drop in spot Trading for quarter 3 of this year compared To the same period in 2022 so despite the decline and spot trading volume coinbase gain market share in the last quarter as the crypto exchange binance came under increased scrutiny from Regulators so there you have it Fam I'm curious let me know in the chat out of all the crypto exchanges out There which one has your trust which exchange are you most likely to use and shout out to digital dankness he just released the video the other day on the top five crypto exchanges in the United States and he even breaks down fee wise which ones have the lowest fees so I would encourage You all to check that out over on coin IQ it's a great great video uh personally uh coinbase we all know is the largest crypto Exchange in the United States we know binance is the largest crypto Exchange in the world other big candidates to check into would be Gemini which is owned by The winkl Voss Twins and then we also have Kraken which is an OG uh crypto exchange and now there's a lot of other options and ways to buy and you know uh acquire BTC and stack SATs you have the Cash app you can now do so on PayPal I don't trust PayPal as far as I can throw them you have Swan but there's a lot of options now which is cool Nathan Roth points out strike that's another Great way to buy some BTC shout out to Jack MERS yahe Stone says no Futures Amen to that Futures will get you wrecked Futures is for the Deens or the very Advanced traders that like to risk a lot And have a highrisk tolerance if you don't have a highrisk tolerance and you don't like gambling and you don't consider yourself a djen I would just stick to the underlying asset you know I mean Eddie says Bitcoin is pumping you damn straight because we live that's what we do you know I Mean 34,800 incoming let's see if we can get the 35gs before um the end of the show that would be lit I agree Jack I don't trust CZ either for some unknown reason hoddle and chill says Dutch hodler You got that right meldo what it do Exchange only is good for buying Bitcoin and moving it to Coal storage or trading your altcoins for Bitcoin is another reason to use an exchange right JV thank you so much for all your your efforts you're a great hero thank you young rayu again rayu Was my favorite Street Fighter growing up so much love much respect hayukin strike is for the ogs only for the king BTC that's right Nathan Roth that's what's up you are crazy thank you for the compliment is Kraken non kyc no unfortunately all the major centralized exchanges require kyc It's just the reality you got to check into some decentralized exchanges dexas that's where you can get away with no kyc you know I mean I'm back people what up what up welcome back Cherry young Appreciate you give me 372 right meow send it fam let's go all right guys let's dive into our next story of the day this is uh breaking news coming out of PayPal they just started offering uh UK uh Investors or they just got their crypto license in the UK so uh investors in the UK will be able to get Bitcoin from PayPal soon Global Payments giant PayPal received the approval from the financial conduct authority to offer crypto services and United Kingdom how many of you are in the UK or Even in Europe let me know in that chat according to the official data PayPal has been registered to offer certain crypto asset activities into UK since October 31st 2023 that's as of yesterday fam so this is brand new according to the register PayPal has requirements or restrictions placed On the financial services activities that it can operate quoting them here this includes but is not limited to seizing onboarding new customers and restricting existing customers to hold and sell functionality The Firm cannot expand its current offering and crypto assets The register notes adding it's including but not limited to crypto exchange services participation in initial coin offerings we know as icos staking peer-to-peer exchanges and decentralized finance activities such as lending and and borrowing PayPal reportedly became the fourth firm to receive the fca's crypto registration in 2023 after interactive brokers bitstamp and kamanu The license acquisition comes shortly after PayPal briefly paused the ability for its UK customers by cryptos like Bitcoin in early October that sucks right now I guess you guys couldn't buy Bitcoin but all that looks like it has changed the United Kingdom has been noticeably emerging as major Crypto economy in according to an October 202 3 report by blockchain analytics firm chainalysis the UK is the biggest crypto country in terms of raw transaction volume in central northern and western Europe and according to the study by a crypto tax platform recap London was the World's most crypto ready City for business in February 2023 wow I didn't know that so it seems London is very crypto-friendly or at least moving that way and another sign of that is this license That PayPal has received for the people in the UK how many of you have ever used PayPal to purchase Bitcoin and how many of you ever plan on using it in the future to purchase Bitcoin here's my Recommendation if you're going to use them don't keep it on their exchange not your keys not your coins so if you're going to buy Bitcoin from a place like PayPal which is known to be a little Shady then just not take it immediately and move it to co storage such as a treasure device a cold storage wallet where it is safe and secure so again I don't trust PayPal I never have never Will not my recommendation to buy Bitcoin from them but it is a great sign for Mass adoption because PayPal correct me if I'm wrong but I think I read they had over 400 million active users that They're a major player and just an easy way for people to be buying Bitcoin so bring it the easier it is to buy Bitcoin the higher the price becomes 10 years ago very difficult to buy Bitcoin hence Why the price was so high but it's becoming easier and easier the easier it becomes the higher the price goes as you can see we continue to pump Eddie what it do guys I'm long and got my money Where my mouth is love to hear that long live the king Michael Morris I would not buy Bitcoin with PayPal same sentiment I don't trust them either I think you guys are much smarter than that 36,000 Here we go send it demonetizing you already know is treaser Elizabeth Warren proof I think so dub proof uh yeah at least for the time being here in Britain I use coinbase and uphold good to note that uh shout out to Michael Morris appreciate those insights uh Nate says like Gandalf said it Is safe is it secret right I deleted my PayPal account after the censorship BS remember that again don't trust them whatsoever but anyways F let's keep the price pumping and let's continue with the news shall we next up let's discuss this new Bitcoin ETF filing which has just taken place Coming from Invesco Galaxy another major asset manager check it out the ticker for Invesco and Galaxy spot Bitcoin ETF is btco it has appeared on the depository trust and Clearing Corporation website which for short we say the dtcc marking a step forward in the application process for The two asset managers as you can see here in your screen this shows you the investco Galaxy Bitcoin listed on the dtcc site the ETF has been added to the list uh sometime in the last 6 days with the web archiver Wayback machine showing no listing under the ticker btco was present on October 25th that means it was in the last week a ticker added to the list of ETF products on the dtcc site is not a guarantee of future approval of the product so keep that in mind but we all Know it's incoming a dtcc spokesperson said it is standard practice for the dtcc to add Securities to the NCC security eligibility file in prep for the launch of the new ETF to the market quitting them here appearing on the list it is not indicative of an outcome for any outstanding Regulatory or other approval process I guess they have to share their disclaimers right anyways the application for the joint spot Bitcoin ETF managed by global investment firm Invesco and crypto asset fund Galaxy digital was reactivated on June 21st as pointed out here by ETF analyst of Bloomberg Eric balchunas and now Invesco had reactivated their 19B 44 their spot ETF so the move to relaod the app with the SEC uh came am a Title Wave of similar filings for spot Bitcoin ETF products brought about by investment giant black rock which we know is the largest asset manager in the world Lodging its Landmark application for the spot Bitcoin ETF on June 15th so there you have it fam Another One Bites the Dust hopefully it's like the domino effect they all get the green light at the same time but the million-dollar question right now when do we get the approval of the spot ETF And will it be all of them getting the approval in the green light or will it be one and then another slowly after the other and which one do you think will get the first mover's Advantage uh Personally here are the top prospects we got Black Rock largest asset manager in the world they kind of run the world so there's a good probability of not only is their ETF approved but they may get the first movers Advantage another one that has that possibility is the gbtc product which is Grayscale their parent company is Genesis because they recently won the lawsuit against the SEC and I believe they're going to have to react and make a decision very soon and so who knows they may have the first movers Advantage they're already holding the underlying asset because their trust Currently holds over 600,000 BTC making them the largest huddler of Bitcoin in the world another Prospect for the first mover Advantage is Arc 21 which is uh virtually um Kathy Woods company because she says she gets the response first they have the due date I believe it is January 10th Which is the deadline for the SEC so more than likely one of them are going to get approved and it could even be another one that I'm not even mentioning right now or it could just be like Yo they're all approved and if that approval wow we're still pumping we're about to hit 40 349 I should be doing a pump party right now uh I'm excited if you can't tell but we're about to break 35,000 during today's live let's freaking go yeah Fairground what up bitcoin's heading to 35 you already know completely just stole my train of thought I think they approve all at once to appear impartial I think you're more than likely going to be right uh David wrong because it would make the most sense and uh yeah to seem impartial meaning no favoritism Cherry young says Very soon send it Eddie M 35,000 let's freaking go says Boomer rocks send it Alex Manchester UK using coinbase Word Up shout out to my peeps in the UK the SEC closed the door ETF meeting tomorrow my Gut tells me there will be an announcement by the end of the week predicts sat wise I'm also hearing that's right November 2nd supposed to be a very significant day a lot of rumors out there Circulating right now on X and across social media that November 2nd we may get that green light like a big big announcement on an ETF being approved we shall see that's like 24 hours out maybe that's Why we're pumping right now maybe the market knows something we don't know right 349 let's go we'll probably hit 35,000 within the next 5 minutes Pump Pump It Up shout out to the Lost Studio shout out To UFO nut shout out to Andy Surfer what it do my crypto Fam I'm going to keep you on your toes today let's freaking go all right now let's break down our featured story of the day and discuss the Latest from Fidelity one of the world's largest asset managers they control 4 and a half trillion and assets under management they have a massive amount of investors something of the sum like 80 million something wild right maybe even more than that I got to look at the the numbers here let me Actually see here it's actually I'm I'm sorry 43 million investors currently trust in Fidelity so this is a major player and their head of macro is predicting a$1 billion bitcoin price Target also they just recently updated their Bitcoin ETF application as well so let's break all this down Welcome everyone in the live chat send that mofo above $35,000 shall we and let's freaking go all right guys here we go let's start right here Fidelity revives their Bitcoin ETF let's break this baby down ETFs as we all know are investment funds users can buy and sell on stock exchanges Similar to individual stocks allowing traders to invest in a variety of assets including stocks bonds and in this case the king crypto Bitcoin ETFs are designed to follow the performance of a specific index asset or a commodity Bitcoin is getting more popular as we know and traditional Investors and asset managers are eager to introduce Bitcoin ETFs to the market we can't wait Bitcoin ETF would let the investors get involved with the famous crypto without actually owning it this makes it easier for traditional investors to join the crypto game now Fidelity the highly Respected name in finance has made a big move by updating its app Fidelity's recent ETF update pays special attention to reducing the risk associated with Bitcoin ETFs the crypto Market is known for the price swings which we call volatility and Fidelity understands the potential impact on Investors addressing these risks is crucial to making a Bitcoin ETF work well and last long now the crypto Community has been a waiting eagerly for the Bitcoin ETF to become a reality for years to say the least it's been over a decade fam even though the US SEC had rejected previous apps the Desire for an ETF tracking Bitcoin remains stronger than ever a Bitcoin ETF offers a more stable and regulated way for the investors to join the crypto world if you're not familiar with ETFs they are like investment funds only this is what the big wigs use to get their positions into Bitcoin I must point out as well clearly that uh average day-to-day investors we don't need ETFs we can just go on any crypto exchange and buy the underlying asset this is for the big guys this is for the billion dooll asset managers this is for the trillion dollar asset managers this is For the companies worth hundreds of millions of dollars the companies that are unable to invest into Bitcoin without the protection of a regulated exchange traded fund that's what this is for this is going to usher in the big money that $700 trillion total addressable Market that's what The ETFs are for this is how the trillions sitting on the sidelines enter Bitcoin right now the Bitcoin market cap is only freaking north of 500 billion that's less like roughly a half a trillion dollars that's virtually nothing on the grand scheme of things we're talking 700 Trillion total addressable Market which Bitcoin is going to be tapping into and my friends that's why this is such a big freaking deal now check this out uh they recently Fidelity published research explaining why investors should buy Bitcoin here are 10 key points on why you should Buy Bitcoin according to Fidelity the $4 and half trillion dollar investment manager first and foremost Fidelity finds Bitcoin is the best money that's correct it's perfect money quitting them here Bitcoin clearly possesses a lot of good qualities of money combining the scarcity And durability of gold with the ease of use storage and transportability of Fiat that's right it basically outcompetes all the competitor it's like gold but clearly much much much better next up they explain uh The Virtuous cycle of Bitcoin quoting them here this Bitcoin Network Competition is likely to result in a winner take all scenario as the network grows and becomes more valuable guess who is the winner that takes all you guessed it fam Bitcoin more users and hodlers equals higher demand equals higher prices equals more miners equals higher security makes it more Attractive and the circle of life of Bitcoin continues next up they point out they compare Bitcoin to the wheel quoting them here in the report the invention of the wheel represented an entirely new tech that once invented could never be reinvented and similarly never in human history Had the problem of peer-to-peer electronic cash been solved until BTC that's right facts next up Fidelity is amazed Bitcoin survived quoting them here every minute hour day and year the Bitcoin survives increases its chances of continuing into the future people would probably underestimate All the negative events the Bitcoin has already endured preach they also share uh they provide hard numerical data showing how secure the Bitcoin network is compared to other coins as they share here in terms of sheer computational power required to alter the Network's consens Bitcoin far exceeds any remaining proof of work competitors that's right and as the hash rate continues to go up the network continues to adjust its difficulty approximately every 2 weeks and get stronger and stronger and the more you attack the network if you're silly enough to even attempt it The stronger the network becomes next Fidelity Compares Bitcoin to the internet that's right the Internet Protocol Suite known as TCP and IP is an open- Source based layer where apps on top of which to be built owning Bitcoin would be akin to being able to own the base layer of the internet So if you want to own the freaking internet just buy Bitcoin it's even superior to the internet in my opinion next up Fidelity rights Bitcoin continues to dominate the market cap of all competing cryptocurrency tokens is the king for a reason and the Bitcoin market dominance is on The climb you already know what time it is once we surpass 51% it's an official 51% attack on the altcoin market I'm anticipating the Bitcoin dominance to continue to climb let me know how high you feel it could potentially climb for this cycle they also point out and agree that Bitcoin Is useful it appears at this point the Bitcoin has found a role in the digital asset ecosystem as a scarce store value Asset at the very least now there's no no competition because even ethereum Is no store value Asset they don't have a finite limited Supply in fact if you look on coin market cap you'll see next to Infinity you'll see next to ethereum the infinity sign which means there Is no Max Supply so therefore it cannot be used as a store of value unlike Bitcoin now they also share and conclude Bitcoin should be considered first and separate from all the other digital assets that have followed it I agree with that sentiment 100% let me know if you agree or dis Agree and to read this entire research study check the show notes below the video in the description but now we got to get into the moment we have all been waiting for and discuss this billion Dooll price Target by Fidelity shout out to Z grro I appreciate the super chat again he says welcome all smash that like Fam thank you for the reminder and yes we're on the cusp of hitting 35,000 we're Like $10 away right now so send it and let's go and let's hit a new annual High let's get get this mofo lit shall we but yeah now let's break down this billion dollar price prediction From Fidelity in the year FYI by the year 2038 so if we're in 2023 right now that's another 15 years could you imagine that let's break it down Juran Timmer director of global macro at Fidelity Put forth the notion Bitcoin has the potential to reach a value of $1 billion per coin in the next 15 years specifically around the year 2038 and to support the forecast Timmer employed a combination of models and charts with a particular Focus to the stock the flow model and his own demand model These analytical tools form the foundation of his primary prediction now here you can see on your screen this chart employs meta's law this is uh the demand model and according to this the number of its users grows linearly a Network's value uh grows geometrically this means that the utility And Adoption of Bitcoin are expected to grow more rapidly compared to its network of users Exchange Chang es ATMs and participating retailers therefore the model predicts that Bitcoin will reach $1 million by the year 2030 now this isn't so crazy stock to flow is also anticipating A price prediction uh basically after the having a 2024 somewhere between $1 100,000 and a million dollar per coin so this is right in alignment with that Target it's also right in alignment with Cathy Woods $1 million bitcoin price Target by the year 2030 so let's continue shall we so in Contrast Timmer stock the flow supply model notes the event of significant price surges during each having event consequently when considering this model in conjunction with the other factors it foresees a price range of1 million to $10 million per Bitcoin by the year 2030 so again the target I just shared of a million they can see 10x that Target by the year 2030 I hope they're right now timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price and on the other hand the stock the flow model seems to provide the better approximation for the peak Of the king coin however it's worth noting that the disparity between these two models widen in significantly beyond the year 2030 the reason behind this Gap is expected to be the changing value of the dollar that's right you got to take that into consideration now let's discuss How changes in the dollar could influence the Bitcoin price action Timmer proposes the value of the dollar under goes fluctuations over time when compared to other assets for example it was uh if a dollar was invested stocks in the 18th century its present day value would be roughly $4 Billion good Lord hyperinflation similarly Timmer implied that if 1 million bucks is invested today it can grow to a billion dollars in just a span of 20 years this further revealed that the purchasing power of the dollar significantly reduced due to factors like inflation and depreciation thus Timmer's statement implies to keeping a fixed amount of dollars for many years may lead to reduced purchasing power due to the assets changing value and over the last few years an increasing number of companies are taken over that $1 trillion market cap you know I mean it's Actually quite interesting and I actually want to discuss this really quick as I shared in yesterday's episode we talked about Max Kaiser being on Alex Jones's show and Alex kept joking that Max he's like I know Max you have over a million Bitcoin now if you just run the math just For Fun's sake 1 million Bitcoin times a value of a million dollar a coin let's hypothetically say we're in the year 2030 Bitcoin hits a million bucks someone's going to become a trillionaire someone is going to become a trillionaire whoever owns a million Bitcoin besides Satoshi will become A trillionaire right now allegedly trillionaires don't exist on the planet I personally believe that the richest people on the planet we don't know about they're not you know in the public eye they're moving in secrecy in the shadows and there's probably families worth an excess Of trillions of dollars easy peasy but on paper what do we got we got Warren Buffett we got Elon Musk we got Jeff Bezos and none of them are close to a trillion but guess what I think The first trillionaire will be a bitcoiner let me know if you agree or disagree and what are your feelings on a$1 billion bitcoin price in which Fidelity is predicting by the year 2038 in the next 15 years and hypothetically speaking to all my bitcoiners out there and all my hodlers how Would that change your freaking life A1 billion Bitcoin let me know fam shout out to swise jenss he says $5,000 we did it and we're still pumping 351 let's go we're only $100 away from uh price Discovery mode for the year bring it DCA says no Futures it's a great way to lose your funds 100% you're on the money bring facts says the Rothchilds are worth an estimated 3.7 trillion facts I know they're worth in the trillions how many exactly speculation I don't know but you're On the right track there ebank says Bitcoin is pumping again you got to love it we bring out the best in Bitcoin fam and we do it together so congratulations y'all holy hyperinflation right Boomer rocks more extras for the Honda Element word up relaxing can I buy Bitcoin now you sure Can it's actually a great time to buy it because it's roughly at a 50% discount but it's not going to be for long you can pay 35,000 get a two for one deal today or just wait a few months and chill Let the institutions stack their SATs and then you can buy it later at an Al time high of above 70,000 the choice is yours crypto fam what up Amed yes you can buy Bitcoin in fact I encourage you to Do so go go to your favorite exchange and get some stack some SATs 50,000 incom in this year you already know Eric bring it Cherry isn't this lit you got to love it let's freaking go 35,000 Says guy that's right we achieved it we hit our Target we got to set our targets higher you I mean 35 was easy peasy what is that a few hundred pump that's nothing for the the king don't Let those big wigs take your Bitcoin huddle for the long term says now that's funny preach Sage advice fam yeah let's freaking go wow pumping even higher on coin market cap good to note I mean we May even be already at a new annual high on some of the exchanges every exchange has a different price for Bitcoin that's fact 355,000 woohoo let's go that's what's up kjam JV how do I pay the IRS Taxes on the major gains made of Bitcoin using self- custody and buying stats on dexas without kyc I personally for a reason don't give uh tax advice cuz I'm not an accountant and um I don't Want to ever get in any trouble I can't advise you there uh you know do your research find a CPA that understands crypto hopefully a bitcoiner shout out to Rubes I appreciate the subscription to the show much love much respect uh Eddie says 36,000 is incoming I agree with you on that no Tax until you sell period yeah my understanding and again not tax advice cuz I don't understand taxes that's why we have CPAs and stuff like that but my understanding is it only becomes a taxable event when you sell so if you're just a hodler there's no taxable events there's no Uh capital gain because there is no realized gain if there is a realized gain then you're there's a liability if there's no realized gain you I mean it just is what it is that's my understanding of It again don't take that as the gospel but that's how I comprehend the tax law what up OG blockchain let's go I think you don't word uh Bitcoin and Canadian money is word what is that 48,000 word Yeah never convert back to Monopoly Fiat money word up that's why a lot of people use the stable coins if you want to make a trade without it becoming a taxable event keep it in Stables it's Once you trade for USD or whatever British pound or whatever the vat currency crap is that's when you get screwed you know what I mean so don't give them the benefit of the doubt baz you're on fire Today JV preciate that you know when the Market's pumping and you know what's crazy I just took a nap before going live I just woke up to an alarm clock uh let's go but now I'm all awakened wide Awake because the price is pumping you guys get me lit you know I mean IRS capital gains says that if you hold an asset for one year you could pay 0% tax up to almost $90,000 as a married couple Says thatat wise Sher young says that is correct well yes from the perspective from a Trader says relaxing word up let's freaking go fam says Boomer back send it bring it so someday you should be able to get a loan on your Bitcoin and never pay taxes that's right you'll be able to Borrow against your Bitcoin 100% Melda says yeah get paid uh gold rocks and Monopoly money never sell and their theft cycle preach what up Ryan Jay tuning in consistently after the shout out James from AI appreciate your enthusiasm facts and channel and content Market pump let's freaking go Shout out to Ryan bar I appreciate you tuning in I appreciate that JV is getting paid today yeah I'm feeling good I'm sleeping like a baby let's just leave it at that what's up with the IRS equals finger right what McAfee said he didn't believe in paying taxes he said it was unconstitutional If they can just print unlimited money why do they need your tax dollars when you're just a struggling pleb the game is rigged it don't make sense right you feel me exactly buy dollar cost average and huddle borrow against Bitcoin in the future equals no tax ever sounds like you got that Figured out IAI yeah Al Med says I'm in profit bro congratulations do you know more bitcoiners are in profit right now meaning moreit Bitcoin addresses are in profit than ever before in the history of Bitcoin that's exciting well I guess I take that back cuz when we hit the alltime high I Would say everyone was in profit theoretically but you see my point I'm saying over consistent time David what up Break On Through let's go we're about to test the annual High we're heading to 352 so we'll keep the chat going typically I would end uh but we'll keep it going a little extra Longer for y'all on YouTube we're also streaming simultaneous on Rumble and when the stream ends on YouTube we're all going to go to rumble for the JV react session uncensored and maybe we'll pump the 36,000 by that time how's that sound shout out to tough te shout out to dankness I Appreciate y'all what up coddle mcafe still alive for real you have to watch the documentary about him I don't know about that it seems like they hung him in that Spanish prison I firmly believe he did not commit suicide I firmly believe he was whacked and uh it's a tragedy I miss McAfee He was the first guest on my podcast did you know that I did two interviews with the dude back when I only had like a couple of thousand Subs I reached out to him it was on my bucket list I Said I want to smoke a blunt with the legendary John McAfee while I interview him and what did I do I smoked a blunt interviewing John McAfee and I cross it off my bucket list rest in peace McAfee thank you for giving me your time thanks for just being an inspirational human being and speaking your mind I respect that people who are honest and speak the truth I love that you know I Mean JV is making the price pump you already know how we do dankness what's the rumble link uh it's rumble. Crypton alerts.net or just go to rumble type in Crypt newws alerts can't miss it what up fat bass thanks JV you're welcome danata Panic bu incoming possibly that's right and quoting The great Andrew Tate top G he said something along the lines the other day in a video right now I would urgently be looking to buy Bitcoin he said Bitcoin and ethereum but buy as much Bitcoin And ethereum as you can he's like immediately why is he saying that he knows the cycle is cyclical every four years he knows we're entering the bull he knows the biggest profits are made this Time around so 20124 is going to be lit long live the top G the rumble link is down below thanks for the reminder Mel that's right in the description I always list all the links so you Guys can easily just click JV ask a poll thank you for the reminder we supposed to set that up completely blanked and forgot about that for tomorrow's show we'll put a poll in there for sure how many are not using Cold Storage wallets and why that's actually a great question so I'm Going to take note of that kjam I appreciate that feedback bitcoin's on fire new annual High we just surpassed 35,200 and we're still pumping we're still going let's go to 36,000 let's send it to 40,000 I feel like I'm one of those people at one of those uh bidding things Where you just bid into the highest bidder and somebody's going to win and oh my God we're still pumping let's freaking go yes 30 let's go new annual High baby let's freaking go 353 in the building yes boom told you so take that haters let's freaking go one time for streamlabs Shout out to streamlabs doing a hell of a job I appreciate you guys too much profit love you bro congratulations Amed congratulations all the hodlers congratulations for those of you who believed in Bitcoin when no one else did you deserve these gains 372 send it let's go Kevin B would it do the Sharks aren a frenzy that's right let's go let's get 500 people on the stream we're at new annual highs you I mean fast bass fat bat I'm sorry fat bass 1818 I knew it I knew it somebody stop it man this is exciting 420 355 holy moly we're going to climb to 36 I mean what's going to stop it I think Bitcoin is just going to keep marching 40,000 incoming Moon vember we're here and again October didn't disappoint but moon vember is here got to Pump It Up got to pump that up says uh tough te word up let's go I'm up5 on my long congratulations Eddie hopefully that long keeps strong pump on the Bitcoin JV you know how we Do Ivy every day I knew it that's my call says bring facts let's go says Dalia appreciate that mlov the Bears are quiet I think the Bears are dead or they're hibernating without a head one Of the two now that's funny wow yeah fomo like a mofo let's go 35420 smoke well we're already past that we're above 355 I think 36 is incoming damn Bitcoin on the exchange is running low yeah yeah cuz these asset managers are buying them up what happens to the price we've been telling You this every freaking day it's coming pump the coin says JK up to 36 send it what kind of party when we hit 500,000 a hell of a party a hell of a hell of a party that just closed My paper trade at 355 congratulations dankness light one up for the fellas for this pump you already know Nick Lane celebration time celebrate let's go and I'm going to stick around just for a few more minutes before we go to the JV react session on Rumble just because we're at new Unprecedented annual highs this excites me I know the chat is lit I appreciate all the interaction if you're gaining value out of today's episode smash that like button don't be a stranger it's the greatest compliment you can do to the show and if you hit the Subscribe button you'll get Onscreen recognition and an onc screen shout out I'll shout you out as well swiy waiting for everyone watching should be subscribed there there's no reason to be watching the show and not be subscribed cuz there's a lot of benefits to being subbed you I mean there's no resistance Until 38 well send that mofo to 38 fam let's go breaking news the CEO of Bitcoin Satoshi Nakamoto has come out and says we're going to continue to pump thank you CEO of Bitcoin the alts are taking a hit though when Bitcoin misses the people will pull out and the alts will dump Word up subscribe thank you Cody shout out to Cody Peterson I appreciate the subscription long live the king what up guys appreciate the support dear Bears rip rest in peace yeah that's what's up soon all will be waiting for a pullback and be buying High you know the name of the game That's how the game is played you I mean but with that being shared fam I have a JV react session already planned for you guys uncensored crypto news alerts shall continue over on Rumble so if you're watching the YouTube stream head on over to rumble support free speech on Rumble Support crypto news alerts on Rumble live lit JV session new annual highs we're probably going to continue to keep pumping I can speak uncensored I can say what I want there is no censorship do you Understand the power of that you know I mean so head on over to rumble again rumble. Crypton newws alerts.net I'll see you guys tomorrow on YouTube Deuces YouTube see you soon and congratulations on the new annual highs for Bitcoin long live the king peace this is so freaking
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