#Bitcoin Melting Faces & Pushing Far Higher

Summary

The speaker discusses the current state of the cryptocurrency market, highlighting the unprecedented influx of capital and scarcity in the market. They mention Bitcoin's market cap surpassing silver and the prediction of it reaching $100,000. The importance of holding Bitcoin as a hedge against fiat currency devaluation is emphasized, and the potential for a banking crisis with the repayment of B TFP loans is discussed. The speaker also touches on the growth of Bitcoin in relation to other asset classes and the increasing interest from institutional investors.

Takeaways

• 📈 The cryptocurrency market is experiencing an unprecedented influx of capital amid unparalleled scarcity, potentially leading to a remarkable economic experiment in human history.
• 💹 Cryptocurrency, particularly Bitcoin, is seeing a significant increase in market cap and trading volume, with Bitcoin surpassing silver's market cap.
• 🔄 There is a notable shift in investment strategies, with traditional investors ('Boomers') beginning to enter the Bitcoin market following advice from investment advisors.
• 🚀 Optimism for Bitcoin's future is high, with predictions of it surpassing $100,000 and even reaching $200 trillion in market cap, challenging other asset classes like gold and risk assets.
• 🌐 Political considerations are influencing the crypto market, with public figures and policies affecting investor sentiment and market direction.
• 💰 The demand for Bitcoin is increasing, with even small miners receiving calls for Bitcoin and market makers scrambling for supply.
• 📊 Data analysis and models suggest a strong upward trend for Bitcoin, with predictions of reaching new all-time highs in the short term.
• 🛠️ Technical analysis, such as the Lila model and options trading data, indicate a bullish market with resistance levels and potential price targets.
• 🌪️ The fear and greed index is at 82, suggesting a cautious optimism in the market, though concerns arise when the index reaches the '90s.
• 🔋 Long-term holders of Bitcoin are not selling despite high profit levels, indicating a belief in further price increases and a scarcity of supply.
• 💸 The banking sector faces a potential repayment crisis with the need to return funds borrowed from the Federal Reserve's emergency lending facilities, which could impact the financial market and Bitcoin's role as a safe haven.

Q & A

What is the current market cap of the cryptocurrency market?

The current market cap of the cryptocurrency market is 2.71 trillion dollars.

What is the significance of Bitcoin surpassing the market cap of silver?

Bitcoin surpassing the market cap of silver, which has been in existence for over 5,000 years, is a significant milestone. It indicates the growing acceptance and value of Bitcoin as an asset class and its potential to disrupt traditional financial systems.

What does the speaker mean by 'pushing higher' in the context of the cryptocurrency market?

The speaker is referring to the expectation that the value of cryptocurrencies, particularly Bitcoin, will continue to increase significantly. This is based on the unprecedented amount of capital entering the market and the scarcity of the asset.

What is the speaker's prediction for Bitcoin's price by April 18th, 2024?

The speaker predicts that Bitcoin's price could reach $105,000 by April 18th, 2024, based on the current growth rate and historical price cycles.

What is the significance of the term 'Fiat' in the context of this script?

In this context, 'Fiat' refers to government-issued currency that is not backed by a physical commodity like gold or silver. The speaker suggests that Bitcoin offers an escape from the traditional financial system, which is based on Fiat currency.

What is the speaker's view on the role of Bitcoin in the current economic system?

The speaker views Bitcoin as a lifeboat out of a system designed to collapse, referring to the traditional financial system based on Fiat currency. Bitcoin is seen as a hedge against the potential failure of this system.

What is the significance of the term 'HODL' in the script?

HODL is a term used in the cryptocurrency community to encourage holding onto one's Bitcoin rather than selling it. The speaker uses this term to advise viewers to not take profits too early and to hold onto their Bitcoin for potential future gains.

What does the speaker suggest about the future of Bitcoin in relation to other asset classes?

The speaker suggests that Bitcoin will increasingly eat into other asset classes, including gold and risk assets like the S&P 500, as it continues to grow in value and acceptance. This is due to its increasing scarcity and the influx of capital into the cryptocurrency market.

What is the significance of the term 'shorts' in the context of the script?

In this context, 'shorts' refers to investors who are betting against the price of Bitcoin, expecting it to decrease. The speaker suggests that these investors will face losses as the price of Bitcoin continues to rise.

What is the speaker's view on the potential impact of a banking crisis on Bitcoin?

The speaker believes that a banking crisis could actually lead to an increase in the value of Bitcoin. This is because Bitcoin is seen as a 'life raft' or safe haven asset during times of financial instability, as it was during the global financial crisis in 2023.

What does the speaker suggest about the state of Bitcoin mining?

The speaker suggests that Bitcoin mining is currently weak due to high electricity costs and the current price of Bitcoin. Older mining rigs, in particular, are struggling to operate efficiently, and miners may need to shut down their operations if the price of Bitcoin does not increase significantly.

Outlines

00:00

📌 Introduction and Market Overview

The speaker begins by greeting the audience and discussing the current state of the cryptocurrency market. They mention the unprecedented capital influx into a market experiencing scarcity, and the potential for this to be a remarkable economic experiment. The speaker also touches on the current market capitalization of Bitcoin and the trading volume, highlighting the growth and excitement in the crypto space. They express gratitude to their moderators and Patreon supporters, and discuss Bitcoin's recent market cap surpassing that of silver, emphasizing the significance of this milestone.

05:00

🚀 Bitcoin's Price Trajectory and Market Demand

The speaker delves into the specifics of Bitcoin's price movement, discussing the high demand and limited supply in the market. They share an anecdote about a broker's advice to sell Bitcoin at $71,000-$71,500, indicating the urgency and scramble for Bitcoin among market makers. The speaker introduces a new volume analysis model predicting a significant increase in Bitcoin's price, driven by the influx of capital and the diminishing liquidity. They also discuss the behavior of different types of investors, such as scalpers and long-term holders, and how this affects the market dynamics.

10:01

💡 Bitcoin's Future and Political Implications

The speaker shares optimistic predictions about Bitcoin's future, citing a potential 200x increase in value. They discuss the political landscape and how certain candidates' stances on Bitcoin could affect its growth. The speaker emphasizes the importance of voting for pro-crypto politicians, especially in light of the potential threat from anti-crypto politicians. They also mention the entry of 'Boomer' money into the Bitcoin market, indicating a shift in the investor demographic and the growing mainstream acceptance of Bitcoin.

15:01

📈 Bitcoin's Impact on Traditional Asset Classes

The speaker explores how Bitcoin is disrupting traditional asset classes, with a focus on how it is drawing capital away from gold and risk assets like the S&P 500. They discuss the strategies of companies like MicroStrategy, which has seen its market cap skyrocket due to its Bitcoin investments. The speaker also talks about the potential for Bitcoin to 'eat into' other asset classes, leading to a significant shift in the global financial landscape. They highlight the importance of not selling Bitcoin too early and letting profits ride, given the asset's strong growth trajectory.

20:02

💸 Banking Crisis and Bitcoin's Role

The speaker addresses the looming banking crisis due to the repayment of loans from the Federal Reserve's emergency lending program. They predict that this crisis could lead to a surge in Bitcoin's price, as it has historically performed well during times of financial instability. The speaker also discusses the challenges faced by Bitcoin miners due to high electricity costs and the potential for a significant number of them to shut down if prices do not rise above a certain threshold. They conclude by discussing the ongoing short squeezes in the market and the importance of understanding market dynamics when trading Bitcoin.

25:03

📊 Analyzing Bitcoin's Growth and Market Indicators

The speaker presents various models and charts to analyze Bitcoin's growth and market indicators. They discuss the behavior of long-term holders, the Lila model predicting price resistance levels, and options analysis indicating heavy call options at $100,000. The speaker also examines Bitcoin's 4-year compound annual growth rate chart, suggesting that diminishing returns may no longer be a concern for Bitcoin investors. They conclude with a call to action for viewers to stay informed and engaged with the market, emphasizing the value of data-driven insights over speculation.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, Bitcoin is frequently discussed as an asset that is surpassing traditional investments like gold and as a hedge against fiat currency devaluation.

💡Market Cap

Market capitalization (market cap) is the total dollar market value of a company's or asset's outstanding shares. It is calculated by multiplying a company's shares outstanding by the current market price of one share. In the context of the video, the market cap of Bitcoin and silver is compared, with Bitcoin's market cap surpassing that of silver, indicating its growing significance in the financial world.

💡ETFs

Exchange-traded funds (ETFs) are investment funds and exchange-traded products, traded on stock exchanges much like individual stocks. An ETF holds assets such as stocks, commodities, or bonds and aims to track the performance of a specific index. In the video, the impact of ETFs on the Bitcoin market is discussed, emphasizing their role in increasing the flow of money into Bitcoin and other cryptocurrencies.

💡Scarcity

Scarcity refers to a lack of sufficient quantity or the inability to meet the needs and demands of something or someone. In the context of the video, scarcity is used to describe the limited supply of Bitcoin, which is capped at 21 million coins, making it a valuable asset due to its finite nature.

💡Fear and Greed Index

The Fear and Greed Index is a measure that gauges market sentiment through a range of signals, including market momentum, social media, market dominance of bitcoin, and the margin levels. In the video, the index is mentioned as a tool to gauge investor sentiment, with a reading of 82 indicating a relatively neutral to slightly positive sentiment towards cryptocurrencies.

💡Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. It is decentralized and operates on technology called blockchain, which is a distributed ledger enforced by a network of computers called nodes. In the video, cryptocurrency is the main topic, with Bitcoin being a specific example of a cryptocurrency that is experiencing significant growth and adoption.

💡Volume

Volume in the context of financial markets refers to the number of shares, contracts, or other instruments that are traded during a given period of time. High trading volume often indicates a highly liquid and efficient market. In the video, the speaker analyzes trading volume to understand market dynamics and predict future price movements of Bitcoin.

💡Halving

Halving is an event in the life cycle of a cryptocurrency such as Bitcoin where the reward for mining new blocks is reduced by half. This event is used to control the supply of the cryptocurrency and reduce inflation. In the video, the halving is implied as a significant event that affects the scarcity and value of Bitcoin.

💡Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation and avoid deflation to keep the economy running smoothly. In the video, the speaker contrasts the inflationary nature of fiat currencies with the deflationary properties of Bitcoin, positioning Bitcoin as a hedge against traditional currency devaluation.

💡Short Selling

Short selling, or shorting, is the practice of selling a security that one does not own in the hope that the price will fall in the future, allowing the short seller to buy it back at a lower price and profit from the difference. In the video, the speaker talks about short sellers in the context of Bitcoin, indicating that they are facing losses due to the rising price of Bitcoin.

Highlights

The unprecedented amount of capital entering a market with unparalleled scarcity is a remarkable economic experiment in human history.

Crypto market capitalization reached 2.71 trillion, with a volume of 160 billion dollars.

Bitcoin has surpassed silver in market cap, a significant milestone considering silver's 5,000-year history.

Kathy Wood of ARK Invest has revised her Bitcoin target, predicting it will surpass $1 million well before 2030.

Bitcoin is being seen as a lifeboat out of a collapsing fiat system.

The market is experiencing a scramble for Bitcoin, with even small miners receiving calls from OTC desks looking for the asset.

Bitcoin's price discovery is in full swing, with new all-time highs being set frequently.

A simple model based on daily growth rates suggests Bitcoin could reach $105,000 by the end of March 2024.

Long-term holders are not selling, indicating a strong belief in Bitcoin's future and a limited supply.

MicroStrategy's market cap has grown from $1.2 billion to nearly $30 billion due to its Bitcoin investments.

Boomer money is entering the Bitcoin market, with investment advisors recommending their clients to invest.

The London Stock Exchange is accepting applications for Bitcoin ETNs, though they are currently only available for professional investors.

Bitcoin miners are facing challenges due to high electricity costs and the need for efficient mining operations.

There is a potential repayment crisis for banks due to the large amount of debt coming due in April.

Bitcoin tends to rise during crises, as seen in the last banking crisis, serving as a safe haven asset.

Short interest in Bitcoin continues to build, setting the stage for more short squeezes and price increases.

The Bitcoin 4-year CAGR chart suggests a strong growth rate and the potential for diminishing returns to become a thing of the past.

Transcripts

hello everybody thank you all for coming

it's Monday it's my second time here on

the internet we had DCA this morning

which is a good show but there's still

so much to talk about I was thinking of

names for this video and I want to just

call it wow or melting faces or whatever

but it's bizarre because it's almost too

predictable what's happening right now

so we'll try keep it down and again

share more data got a new model which

might terrify some but again I like to

try find ways of backing into exactly

what's going on and again for the first

time in history we are seeing an

unprecedented amount of capital entering

into a market with unparalleled scarcity

okay that's the story that's been the

thesis since 2017 but now it's really

playing out and this could be the most

remarkable

economic experiment ever in the history

of mankind and we are the beneficiaries

because we are in early so well done

everybody happy Monday crypto is now

2.71

trillion the volume 160 $60 billion

dollar and

that's that's a Sunday Sunday today's

Monday but the day do not end for today

yesterday we did 160 billion and I say

weekends is when it pumps and it did

just that exactly why that's happening

fear and greed is 82 which is fine when

it starts getting into the '90s you get

a little bit concerned but now we're

going to talk about pushing higher and

again thank you as well to the mods in

the chat I see you all there and

everybody for coming and make sure I

didn't miss anybody

dfia Paul Freel IMA Shelly and everybody

else this far back as I can read so

let's jump in and thank you all for

coming thank you as well to everybody in

patreon as well we have a new one here

from the team may read this Nomad 247

says your patreon is choca block full of

data and worth every penny thanks Nomad

yes I'm very active in patreon I thought

about doing a survey of am I posting too

much and then I said

well you can always mute it if it's too

much but there's just so much to share

right now it's a crazy time and of

course this is the Bitcoin on playlist

everybody uh for those who just want

Bitcoin on content now you have it and

these are very popular having clock 37

days 37 days and guess what just

happened Bitcoin flipped

silver that is huge we said that would

happen this year it's just happening a

little bit earlier than expected market

cap of silver $ 1. 386 trillion and Sil

Silver's been around for 5,000 years

like gold maybe even longer and uh you

can see gold just smoked it and next in

the box is Google to be slayed

rightfully

so they need to fix their AI anyhow

let's talk about some more both exciting

and almost terrifying news so Kathy Wood

had a $1 million Bitcoin Target for 2030

for the longest time he just revised

that

Target in what way well they're coming

out with a new model a new Bitcoin model

but now AR invest Cathy wood recently

declare that Bitcoin will surpass the

million dooll mark well before

2030 I'll repeat that well before

2030 and that was her old timeline she

said the ETFs have changed everything

again we are seeing unprecedented money

flow into this

asset and there is nothing in the

cupboard the cupboard is bare however

that Nursery real goes I don't even

remember but you know what I'm talking

about let's talk about some other stuff

touching this this morning the escape

from Fiat from Gabor in case you missed

DCA but thank goodness for Bitcoin and

thank goodness I get the opportunity to

tell people about Bitcoin and create

things like whole coin is and stuff

Hello Piper thank you so much hope your

dad's doing better by the way but

bitcoin's second greatest achievement is

offering a Lifeboat out of a system

that's designed to collapse that is Fiat

ladies and gentlemen it will melt away

it's guaranteed only it's melting at a

more accelerated Pace uh so be careful

if you hold a big bag of Fiat and I know

people I even have good friends that are

sitting on massive amounts of Fiat for

years and years and years and doing

nothing with it sitting in a checking

account at a bank earning nothing

depleting by a massive amount uh and

this is the piece that I want to bring

your attention to this is from Fred

Kruger do Krueger on Twitter the it's

kind of a joke it's a meme joke but in

the old days this is is how it worked

the offer is

$71,000 $71,500 on 1,000 coins that's

the best I can do as your broker I

advise you to take it right now okay

there are so many bids bids or offers

for an asset asks or what people want to

get for it there's so much bid coming in

literally the market makers are

scrambling I think I covered it in

yesterday in the Q&A that that the

miners even tiny little obscure miners

are getting call from R random OTC

desks got any Bitcoin got any Bitcoin

we're getting really nervous here we

don't have any we need it literally

soon people will be able to sit there on

something like coinbase and place a

limit sell order at a massive number

it'll probably get filled but I advise

you it's too early to even think about

selling or think about taking profit

there's nothing but hardness on the

horizon and money flow is increasing

I'll also prove that in a minute right

now actually not even in a minute right

now as you know I analyze volumes I

analyze data I build models and I've got

a new volume analysis model this is just

back of the napkin cot I ran through the

machine so far this is before iBot was

even finished today and I reckon they at

least will get to 70 million of volume

that's 70 million multipli by

41.12956

whatever $3 billion of that a certain

percentage converts and I built a formul

around it that means the input into

Black Rock ibit Trust alone today will

be

$59.25 per normally to the downside by

the way so it's actually higher that

means Black Rock need 8,000 Bitcoin

tonight they need 8,000

Bitcoin can be on the phone hey uh you

got 8,000 Bitcoin to sell me and it's

not just them it's everybody else and

and also when you analyze the uh ETF

flow news as well you'll see here very

carefully that the Fidelity volume is

higher than gbtc which is normally the

opposite case that means it's going to

be a low dumpage day for gbtc and a good

day for Fidelity the Fidelity buyers

convert at a much higher rate than the

ibit guys the ibit tend to scalp a lot

the Fidelity people kind of set it and

forget it money goes in buys Bitcoin

there's no scalping on Fidelity so

that's another interesting thing and

more good news let's look at some

rainbows here this is the rainbow chart

the power law all you need to know is we

are still very very early we typically

go up to the red and we're not even in

the green yet per the power law which I

am working on a Model that looks at an

amalgamation of power law history m metf

law metast law squared or kind of our

bullish metf version and uh we'll

compare them all together and see where

we come up with but that'll be fun but

either way it's crazy again crazy we

have diminishing liquid Supply and ever

increasing Demand on a daily

basis where do we go at the having

that's the question that's the question

I get from you all 100 times and people

say why why why you keep making these

price prediction model for the having is

because you ask for them and I do what

the audience wants everybody so the

question is what will the price be on

April 18th 2024 we don't know but we got

a pretty good idea first of all we hit

another new all-time high today we hit

72764 bucks it's 72,300 taking a little

little 300 400 Buck breather as we speak

but that's another new alltime high I'm

sick of even counting the new alltime

highs we are deep into price Discovery

right now and there'll come a time when

again they won't be able to find Bitcoin

for sale uh it's going to be fascinating

and I did make my prediction which

caused a lot of consternation as well I

did say mathematically if history

repeats we'll be at 999,000 in40 days

and that was 3 or 4 days ago the

question is can we get there let's have

a look I built another new model exactly

for this and

unfortunately if history repeats based

on my history I looked at from historic

Cycles this model is now wrong it's

actually too low the new model is even

higher but the new model only takes into

account what happened so far this year

okay the actual percentage return so far

this year on a daily basis very crude

and simple model but I'm always playing

around with numbers so the having Target

my original having Target is 99k the

price now at the time was

72764 the growth required to get to

99,000 is

36% okay that's considering where we've

come from so far from the bottom this

year we're up 84% the average growth of

Bitcoin per day is

1.2%

1.2% goes up a day there's some stocks

that don't do that in a year this is how

much Bitcoin goes up in a day we have 37

days left to the having given the

year-to-date rate of 1.2% that'll

increase the price by

44.4% which will take us to

$105,000 I know it sounds crazy

everybody by the way thank you for the

likes every time there's a like it I see

a little love heart pop up and thank you

C man and be mgee you're back good to

see you 105,000 it sounds

crazy but this is sandbagged okay and I

was called out on Twitter by this person

this is Florida so good from Glenn

Morris USA measuring from Bitcoin

from the March 7th liftoff of $44,500

using james' underlying assumptions we

get to

$124,000 at the're having and uh thank

you so much Mr hammer and I know I knew

this I didn't want to get too bullish or

get people too excited or give them fomo

that's not a good emotion to have but

Glenn Morris Florida is so good is

correct this model is technically

sandbagged I'm going back to this the

money flow is

increasing and the assets getting harder

and I'll show you as well in a minute

that the long-term holders aren't even

selling so it's

it's it's the most spectacular exciting

setup we've ever had in the history of

any asset on the planet so well done

everybody for being here um so thank you

for that now let's go a little bit

further as I shared this this morning in

DCA this is from

Thomas he believes there's a 200x in the

future of Bitcoin so again everybody

don't get queued in the markets you got

a little bit of Bitcoin you hold it you

hold it don't give it to anybody you

hold it it's only $1.3 trillion market

cap and Thomas believes it can go to

$200 trillion okay that'll smoke gold at

14 trillion but gold is already being

smoked by the Bitcoin ETFs they're

basically doing in 60 days what took

gold three years to get to that's how

fast this thing is moving and another

and I'm not political in any way but

there's a good thing here too is a

presidential candidate guy called Trump

he's been talking very favorably about

Bitcoin on the TV the whole time okay

and he would not take it away from

people okay that's good thing is he will

no longer threaten the Bitcoin world but

there is a side of the political

spectrum that is very anti- crypto Shad

out and I blocked some of the rudess on

this little meme but uh and I always say

the internet's very cruel I know when

you're public figure you're on the

receiving end of it but they are really

laying into Senator Warren hardt because

crypto does not like people who are

anti- crypto and this guy is playing a

clever card because there's at least 40

to 60 million people that are voters in

the US that own crypto if you threaten

to take it away You're toast your

political career is dead and I hope do

anybody here

Massachusetts I hope you know who Warren

is and I hope I you know how important

your vote is and I don't care if

somebody's left or right but if they're

anti- crypto I do care because it is the

life raft that we started this whole

story with that people need if you are

denied the life raft by somebody like

this you need to get them out of office

okay not political harsh words I know

but I'm get a bit passionate about that

stuff and in more happy news the Boomer

money is entering the fry Boomers

are now beginning to buy Bitcoin

because they they're being told by their

investment advisers the investment

advisers took 60 to 90 days to get

comfortable with this is it real is it

going to go up whatever now the

investment advisors are foming in to

bitcoin and they're telling the Boomers

with $95 trillion hey get a little bit

of this get a little bit of this

insurance just in case and after looking

at the performance it's crazy also the

world knows this this is the debt spiral

and this is from the government the CB

Congressional budget office CBO and they

normally sandbag like hell they don't

tell you the true story okay the debt

projection is going to the Moon if this

is a stock you would want to buy it but

if it's a

Fiat backed by debt you want to shed the

Fiat you want to ARB away from it as

quickly as you possibly can and that's

what other people are doing in the world

very cleverly and another great news too

as well shout out to everybody in the UK

we have a lot of followers here from the

UK I think it's my second biggest

audience on the planet but uh good sort

of good news the London Stock Exchange

is accepting apps for Bitcoin etns ex

exchange traded notes that's going to

happen as well real soon in April

probably now the sad thing is the etns

are only for professional investors

they're not for retail investors again

there's more exclusionary regime in the

world and I think it's awful uh you know

shielding retail investors from massive

gainers is Criminal hopefully the UK

will revise their way and put pressure

on whatever your local representative is

to fix that as well so the banks in the

UK will not

be as negative

towards retail getting into it now

speaking of

Investments and I know by the way there

and I know firsthand because we get the

receipts here we've created definitely

way over a, micr strategy millionaires

in the computer probably an awful lot

more because a lot of people know not to

talk about what's happening but

literally thousands of micr strategy

millionaires have been minted in the

last 12 months in this community so

really proud to everybody for listening

to me explaining how markets work and

not listening to the fud out there about

what micro strategy is in simple terms

it's a call option it's a leverage call

option on the future Bitcoin that's why

I went all in on the thing like a crazy

man but hey it really paid off now

Michael sailor came out today he's on

CNBC and he said it's going to basically

Bitcoin is going to eat gold and divert

capital from risk assets and ETFs like

the S&P 500 that's what the Spy is it's

the S&P 500 ETF he's now telling

people not only is it going to suck the

life out of gold but also one of the

biggest ETF the biggest ETF in the world

is the S&P 500 spy it's going to suck

that too and people are going to

diversify that whole 6040 portfolio I

spoke about 60% equities 40% bonds Bond

piece is gone so that 40% has has to

find a home and now the equity Market's

threatened by this it's crazy and this

goes back to the very beginning as well

you see everything in the story is

interrelated I think it was Thomas talks

about how Bitcoin could 200x because

it's going to eat into all the other

asset classes all of them the 900

trillion which is which will soon be a

quadrillion will be eaten into by

Bitcoin but there's

more micro strategy bought again they

borrowed they borrowed $800 million and

they found another $21.7 million and

they borrowed $800 million at 0.65%

until the year

2030 and they bought 12,000

Bitcoin that

T Black Rock are going to have to buy

8,000 today these guys bought 12,000

last week from the issuance of the

convertible note to getting the cash in

to buying it they did it in days because

Michael sailor knows you cannot wait you

can't sit there and say I'll do it next

week no problem no no no no no no no

because every day you wait the price

goes higher and it's killing people it's

killing the shorts and the people that

aren't on the train so bear that in mind

and Michael saor knows that better than

anybody and this is a beautiful little

chart of micro strategy market cap and

how it has benefited from Bitcoin from

the year 2001 to today okay we had the

huge Spike late 2020 I was in that trade

but but the trade now has gone even more

crazy and people don't understand how is

micro strategy nearly $30

billion the day they bought Bitcoin for

the first time in August 2019 or 2020 I

can't remember all the years of 2020 I

think it was I could August 2020 yes yes

it was CU I started the channel about

three months later on that exact trade

Madness but um see I'm getting all my

years confused that's how fast time is

going that's why there's such a sense of

urgency for everybody to get on the

train but literally the market cap of

micro strategy at the time was $1.2

billion now it's nearly 30 that's insane

today it went up another 200 bucks it's

Madness and because Michael sailor is

very ruthlessly competitive he wanted to

get back on top of Black Rock who will

be has to buy 8,000 Bitcoin today and

here you see how much Black Rock have

versus micro strategy and micro strategy

is

205,000 Black Rock is about 200,000

which will be 28,000 by the end of the

day if my math is correct we'll find out

tomorrow on the analysis too and the

reason I talk so so much about micro

strategy and have done for the last

three years is because for many of you

out there it was your only onramp

Bitcoin your only one you couldn't buy a

Bitcoin in your retirement accounts Etc

but you could buy a micro strategy and

that's what's minted so many

millionaires in the community and

Bitcoin Munger says micr is going to

$3,000 extrapolate that what he's

basically saying is Bitcoin is going to

double from here okay don't sell too

early not Financial advice

I know people have PTSD and they just

want to take profits oh I made so much

money I'm going to take a bit off the

table let it ride let your winners ride

okay very important now as I always say

too this btfp is going to cause a

problem this is a and and trust me it

does lead back to bitcoin I'll explain

in a second but there is this huge

repayment crisis that's going to happen

with the banks in the US and probably

similar structures in other countries

around the world banks have borrowed

from the B btfp have to pay I think it's

nearly $100 billion by the 4th of April

and that is a significant amount of

repayments in 3 weeks and this comes at

a time when finding liquidity is already

challenging the deposits in these banks

are non-existent and it highlights by

the difficulty NYCB faced basically

going almost to zero in a very short

wind of time how will they pay back this

hundred billion doar it's very

unlikely and this situation is

compounded by the fact that Banks cannot

simply default on these loans without

triggering cross default Clauses and a

big banking crisis making the situation

very precarious out there shout out to

Joe canori who has the reserve

constraint in this chart for the btfp

the Regional Community small commercial

medium-sized commercial Banks all depend

on it and they've got to repay 100

billion bucks in 3

weeks now people say oh that's going to

be a banking crisis and that's going to

kill bitcoin price but you know what

Bitcoin loves a crisis remember what

happened to the last banking crisis in

March of 2023 Bitcoin went up and people

realized as I started the story with

it's the life raft so for those who are

shorting Bitcoin because of the banking

crisis that's about to hit study

history Bitcoin goes up in a crisis it's

built for a crisis it was given birth to

because of the global financial crisis

and people still can't put that together

in their heads oh God and I try every

day but I can only get through to so

many people I've given up trying to

reach everybody now Bitcoin miners are

weak everybody's asking why are the

Bitcoin miners we what's going on well

this is a beautiful chart from blockware

Solutions and here it shows you focus

your eyes on the pink uh your average

electricity cost somewhere between 6 and

9 cents if you're in California you're

probably paying 30 cents a kilowatt hour

therefore there's no miners in

California but these are the shut off

prices compared to the Bitcoin price so

for example we are now at that pink

level for the s19 J Pro which used to be

state-of-the-art rig if your electricity

costs 9 cents I'll repeat this if your

electricity costs 9 cents you got to

turn off that state-of-the-art rig from

last year off because you can't mine

efficiently and effectively

so just just to explain it as well if

you have just 8 cents per kilowatt

electricity rate your s19 J Pro your

break even price of Bitcoin is 645 this

by the way this is after the having so

in 35 days 37 Days your s19 XP is 50,400

your S21 is

41,000 the

miners as I've been stressing with the

three types of rigs on the right hand

side are the ones that will make the

most after the having okay if the price

stays here at 70,000 half the miners are

going to hit the wall that's just a fact

that's what I've been saying for a long

time as well so that's why the miners

are weak because the market is worried

about the miners not making it

fortunately for them though the price is

above exactly that magical

$70,000 but if you have old Rigs and you

got 9 cents electricity you're going to

need a big bit coin price of

$270,000 with an

S9 okay think about that now uh the

shorts continue to short Bitcoin uh this

again from Bitcoin Munger the beatings

will continue till all the shorts go

broke and they keep coming in and they

keep doubling down trying to make back

the money that they've lost shorting

Bitcoin and they don't understand the

math behind it short starting to build

up again at

$73,000 we are 500 bucks from that level

600 bucks and therefore we will see more

squeezes this week Tick Tock and that's

the good thing actually because when

they get wrecked the ETFs get their bags

filled and the price goes up so I just

feel bad for the people that don't know

what they're doing but what are you

going to do let's look at three little

charts and then it's a wrap everybody

thank you so much for coming I don't

even know how many people are watching

we got 8,000 people watching live woohoo

you guys are hungry so let's look at

three charts real fast I'll let you go

first of all shout out to OCC on chain

college and uh basically this is the nle

uh what this basically talks about is

you can see bitcoin's most convicted

long-term holders they are still holding

even though they are holding at

unrealized profit levels that usually

occur you know we're we're we're occur

like at the cycle Peak this is happening

way before but the good news is they're

not selling so this this tells you two

things one again the supply is scarce

and two we have a lot higher to go

everybody do not take profits here I'm

I'm giving you all the data points that

tell you not to take profits in addition

let's look at the Lila model what I call

layer in layer out model what's

interesting about this coincidentally or

I don't know if it's a coincidence or

not but guess what is at

$105,000 that's level seven on the model

we are currently heading towards level

six 6 which is

76,000 typically at these levels there's

some resistance we could just blow

through it like we did with level six

probably will but there could be a

little stickiness at 76,000 if we do

blow through we're going straight to the

next level which should be

105,000 and what is familiar with that

number 105,000 let's go

back that's 105,000 and that 105,000

that I put together there was sandbagged

it could be 124 if you assume the

history since March and ignore the first

two months of the year so more exciting

stuff and in addition options analysis I

have to shout out to these DB but

options

Traders all year for the last year and a

half I've been sharing exactly where

they're playing month by month by month

they've been so spot on their target

however was too low for the having they

were all fooing into $70,000 strike

price

now they've moved them out to

$100,000 another point of Confluence the

highest bar is at$ 100,000 for these

options Traders heavy heavy loads 65% of

the contracts are call options which is

bullish and whatever there some people

with shorts that around 40,000 50,000

it's not going to happen not going to

get filled but that's okay a market

needs both players a market needs people

who don't know what they're doing with

people who know what they're doing

and The Winner Takes most like is the

Way of the World um so this is exciting

so this is the third or fourth point of

Confluence now with 100,000 by the

having the options positions final chart

as well shout out to JVS James V

Stratton I think he's on vacation right

now is interesting what this is is a

Bitcoin 4-year kager which is comound

annual growth rate chart and what's

interesting is he said alltime High by

having boom smash that beaten done

diminishing return cycle we'll see

pretty soon if that's going to happen

now what this chart represents is the

black line is the Bitcoin price and uh

the Gold Line is the fouryear compound

annual growth rate and the Gold Line

you'll notice as well is down the

question is will it go up will we break

records if that's the case that means

diminishing returns will be a thing of

the past and the most recent data points

in this chart show again a sharp

increase in kager way before the having

suggesting that the growth rate of

Bitcoin has been particularly strong and

we have a long way to go for the kager

as we go forward every more

excitement again using data

not

astrology actual numbers that prove the

point anyway the point is we're going

far higher ladies and gentlemen be safe

as there have a good time thank you for

the support hit the like And subscribe

to the Bitcoin only playlist if you like

this type of content no shell No Frill

just data every 60 seconds people always

ask what's KPM means knowledge per

minute my standard is to give you new

knowledge every 60 seconds thank you all

for coming thank you to the mods in the

chat thank you for every everybody who

came and I'll see you all tomorrow

bye-bye

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