BITCOIN BETTER THAN PHYSICAL PROPERTY FOR COMMONERS, SAYS MICHAEL SAYLOR - $2M BTC PREDICTION!! - Transcripts

September 17, 2022

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MicroStrategy CEO and Bitcoin advocate Michael Saylor doubled down on his support for the king crypto (BTC) as he explained the issues related to transferring the value of physical properties such as gold, company stocks or equity and real estate during the Australia Cryptocurrency Convention.

Transcript

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In today's show what's next for Bitcoin and the crypto market now that the ethereal emerges over in today's show will be sharing the possible new trends that will drive the crypto market in the post merge error and quoting robert Kiyosaki. Savers are losers 25 years ago and rich dad, Poor dad, I stated Savers are losers today, us debt is hundreds of trillions of dollars. Real inflation is 16% not 7% Fed raising interest rates will destroy the U. S. Economy. Savers will be the biggest losers invest in real money. Gold, silver and Bitcoin. And this just in the Bitcoin hash rate hits a new all time high and quitting max Keiser Bitcoin is a global interaction against banker occupation. Those fighting on the side of life, Liberty and Bitcoin are freedom fighters. Also in today's show, a theory on pullback is about to end, says crypto trader who predicted the 2018 Bitcoin bottom quitting smart contractor. We're in the final innings of the sith correction, correcting the rise from july have been mapping this out step by step since august top only 10% or so more down to go before we begin to look for long term buys. Also in today's show, if one critical support level crumbles says, top crypto strategist quitting me, Calvin a pop here.

If we lose 19,300 the chances are that we are going to go briefly beneath 18,500 make new lows. Also in today's show a theory emerged will drive crypto asset prices higher. According to the group's Ceo Nigel Green and he explains why that's right. According to a new company blog post group Ceo says that each merge is a landmark historic moment that will serve as a long term catalyst for the digital asset industry. Also in today's show, Bitcoin is better than physical property for commoners says Michael Saylor. That's right quoting him here. If you have a property in africa, no one's gonna want to rent it from you if they live in London, but if you have a billion dollars Bitcoin, you can loan it or rent it to anybody in the world. Bitcoin represents a property that you can acquire in small pieces So that you can carry it with you anywhere you go, you can give it to your children's, children's children's Children and in 250 years maybe your family still owns the property will also be discussing his Bitcoin price prediction going into the millions quoting him here. There is no price target. I expect. We'll be buying Bitcoin at the local top forever and I expect Bitcoin is going to go into the millions. So we are very patient.

We think it is the future of money. We'll also be taking a look at the overall crypto market all this plus so much more in today's show. Hey, what's good crypto fam this is first and foremost a video show. So if you want the full premium experience, visit our Youtube channel at crypto news alerts dot net again, that's crypto news alerts dot net. Alright, welcome back to another episode. Crypto news alerts. I'm your host, JV and welcome to podcast episode number 1050 of the crypto news alerts pod, The ethereal emerged, came and went, leaving investors to ponder what the next trending development in the market could look like. So here are the potential scenarios post merge,

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number one question, where will the former ethereum miners go there, theorem network successfully shifted to a proof of stake meaning miners are out of pocket but can still possibly be in possession of their Gpus and Asics mining infrastructure. It is possible that some miners might elect to mine on a different chain instead of selling although their gear, where is it all gonna go? Is a great question. While they haven't settled on any particular changes yet, raven coin flux ethereum classic and ergo seem to be the front runners leading into the merge. Each network saw its hash rate rise to new all time highs. As shown here, you can see ethereum classic all time high er goes hash rate all time high Ravens, hash rate all time high influx all time high prices of each all coin also rallied over the past month with raven coin up 169% ergo added 100 and 32% while flux gains 100 and 56% with ethereum classic gaining 100 and 35% in the past 90 days. Now let's discuss cosmos continuing to expand. Their ecos system continues to expand, which appears to be attracting buyers to adam. Since bottoming out at $5.50 on june 18th Adams, price has gained 100 and 37 a half percent and is currently trading above $16. Analysis suggests that investors view the soon to launch liquid staking adam being used as collateral for stable coin, minting the launch a cosmos hub two point oh and the eventual recovery of the centralized finance in general as a bullish long term factor for the atom price next up by the rumor and sell the news or is it by the dip. While the theorems current price action is less bullish than merge supporters and the bulls might have hoped the actual shift to a proof of stake appears to have been a success and perhaps over time the benefits of proof of stake will translate to a bullish price action for ethereum and according to Jarvis Labs co founder Ben lily, the joe cool move for ethereum investors is not to get caught up in the days to come. The main player that is likely to do any sort of crazy activity is that of the minor and that's a one off event that is likely to be short lived.

So in the future either could experience a supply shock and possibly become deflationary in a market that is stuck in a downtrend sourcing a safe, predictable yield could become more attractive. So essentially lily is suggesting that it will take time for the fervor surrounding the merge to settle and for investors to begin capitalizing on the benefits that the proof of stake ethereum network could offer. Now, what about Bitcoin and this week's Bitcoin analysis we discussed. Not much has really changed with the Bitcoin price action. Its price has remained range bound in the 17 6 to $24,400 range for the past three months. And all of the rallies are out of the range high since March 29th and have capped by the 200 day moving average and an overhead resistance trendline that extends from Bitcoin's november 2021. All time high of $69,400. While continued consolidation within the current range could and would typically be good for ALTs macro tensions may continue the way on the crypto and equities markets. The hot consumer price index print from september 12 could lead to more aggressive rate hikes from the US Fed and the potential knock on effect on stock prices could have an even sharper spillover effect on the crypto prices and for this reason, investors remain largely risk averse to most Kryptos and it is possible that repeat rejections at the long term descending trendline and further recessed of the $19,000 support could eventually result in a breakdown below the yearly swing low tired of reporting fire drills value ops the value stream management solution from Broadcom is built to manage what you value most value. Ops means more visibility, not more meetings, instant access to data and actionable insights to make reporting easier. It's one platform for everyone with specific features to support your job. R.

O. I. Is tracked at every step so there's more value for you and your customers to schedule. A free demo go to broadcom dot com slash value including rich dad robert, Kiyosaki Savers are losers 25 years ago in rich dad. Poor dad I stated savers are losers today. U. S. Debt is hundreds of trillions of dollars. Real inflation is 16% not 7%. Fed raising interest rates will destroy the U. S. Economy Savers will be the biggest losers invest in real money, gold, silver and Bitcoin scary habit.

Let me know if you agree or disagree. We're Rich Dad, I agree in the Bitcoin part by Bitcoin and keep stacking em stats and this just in Bitcoin. Hash hits yet another new all time high let's break and go and quitting max Keiser. Bitcoin is the global interaction against banker occupation. Those fighting on the side of life. Liberty and Bitcoin are freedom fighters. Touche and before I break down next or the day a theory on pullback is about to end, says crypto trader who predicted the 2018 Bitcoin bottom. But first let's take a quick look at the overall crypto market, you can see Bitcoin up almost 1% of the day trading at around $19,900 right around that 20 K. Psychological resistance we have X. R. P up a whopping 12% trading at 36.8 cents while ethereum is currently correcting down 2% for the day, maintaining just above $1400 while finance coin salon and polka dot avalanche and Carbonneau all breaking out and in the green. But right now let's break down the next day, the day the crypto strategist who nailed Bitcoins 2018 bear market bottom says the theory um is likely in its final stages of its downtrend synonymous.

Crypto strategist. Smart contractor tells us 210,000 twitter followers that ethereum is close to completing his final leg down before turning bullish. Smart contractor predicts that ethereum will fall to around $1200 by next month before rallying towards its target above $2000 as he shares here on crypto twitter, we're in the final innings of this correction, correcting the rise from july, we have been mapping this out step by step since august top only 10% or so more down to go before we begin to look for long term bias. Now smart contractors known in the industry as one the top practitioners of the Elliott wave theory, a technical analyst approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves according to the analysts chart, ethereum is in the midst of a wave C down, which he believes would set the stage for a new leg up last month when ethereum was trading around $1600 Smart contractor predicted it would print a lower high around $1800 which is the B wave this month before establishing a local bottom for the next rally. And so far a theorem appears to be following the analysts script as he shared last month on august 21st looks like the larger abc correcting the five wave rise has begun on earth. This looks like in a way for now expecting a bounce that ends up being a lower high. Soon 1300 is still the spot to look for a buyer is in my opinion, provided the structure looks right when we get there. Still lo and behold. But ethereum currently trading at around $1400 for only 100 away from his target. Let me know if you agree or disagree with the crypto analyst.

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before I break down next to the day. Bitcoin could nuke if one critical support level crumbles says top crypto strategist. But first let's take a quick look at the overall crypto market cap sitting just under that $1 trillion milestone with 60.5 billion in volume in the past 24 hours. The current Bitcoin dominance is 39 a half percent. With the either dominance still on the decline at 18.1% and checking out the top 100 Cryptocurrency gainers in the past 24 hours we have terra classic leading the pack of 16% trading at virtually nothing followed by terra luna of 14.5% trading at $3.13 followed by X. R. P up 11.5% trading just under 37 cents and checking out the top 100 Cryptocurrency gainers in the past week. You can just see a sea of red as all coins have taken a major hit this week we have a theory. Unwrapped down 72.8% we got luna down 52% luna down 52% and luna classic down 27.4%. And checking out one of my favorite indicators is crypto greed and fear index shows. We are currently rated at 22 out of 100 extreme fear yesterday at 20 last week at 28 last month of 30 in fear right now, let's break down our next play of the day. A popular crypto analyst is outlining what level Bitcoin needs to hold in order to avoid plunging further in price and a new Youtube video top crypto strategist Pop tells his 165,000 so the Bitcoin needs to hold around 19,300 in order to avoid a nuke quitting him here because if we lose 19,300 the chances are that we are going to go briefly beneath 18,500 make new lows, especially after the last candle.

That's going to be hard for us. This is the final support and if this support doesn't really hold or provide any support at all, it is very likely we're going to nuke furthest downward towards 17,005 to 18,005 100 then we're going to seek for support their Van de Poppe notes that Bitcoin will likely not make a major move until the US Federal Reserve meeting next week when traders and investors will get more info under direction of risk on assets like Bitcoin and crypto as he shares here next week is the Fed meeting. I will not be surprised if we just continue sliding a little bit or consolidating until we get the feel from the Fed. Let me know if you agree to disagree with band a pop and watch this video he did entitled Bitcoin dropped to 17,500 before Fed meeting. Check the show notes below the video in the description and before I break down next door the day a theory emerged will drive crypto asset prices higher according to the group's Ceo Nigel Green as well as Bitcoin is better than physical property for commoners, says Michael Saylor and I share with you his multimillion dollar Bitcoin price prediction. But first I want to remind you to smash that show more button right below this video in the description for detailed analysis of what's going on in the crypt market. This goes for all 1300 plus videos right here on my Youtube channel. If you're not already subscribed to the channel, you know what to do. Hit that bell icon turn on all notifications. Will smith that like button and drop a comment below. I greatly appreciate your continued

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Facebook is building tools to enhance safety and security. Over 40 million people are using Facebook's privacy check up each month. That's nearly 60 times the population of Washington D. C. Learn more about the work ahead at facebook dot com forward slash action. But all right now let's break down our next door of the day. The chief executive of financial advisory giant Devere group says that the theorems recent transition to a proof of stake should drive up the prices of crypto assets, according to a new company blog post Devere Group Ceo Nigel Green says that the theorems merge is a landmark historic moment that will serve as a long term catalyst for the digital asset industry. According him here, the years in the making merge, a network wide grand scale upgrade is here. This is a far reaching over overhaul of the most commercially important Blockchain and the digital asset ecosystem is probably the most important landmark even in crypto history since the launch of Bitcoin, it transforms ethereum from a proof of work to a proof of stake mechanism which lowers transaction costs, enables the network to process more transactions in a shorter amount of time and will slash energy consumption by a massive 99%. And according to Green emerges, reduction of energy consumption will entice institutional investors to put their capital into the nascent industry as he shares here. While some of the news has been priced in already, let there be no mistake, this event will be a major catalyst driving prices higher and the long term, the slashing of energy consumption will be the main reason as it will become significantly more appealing to institutional investors who bring with them enormous capital expertise and reputational pull those institutional investors who have been sitting on the sidelines are now likely to move in less. We can go and Green also notes that the theorems transition will reduce its supply cut costs and speed up transactions, which will also lead to bolster prices as he shares here.

Besides having a more positive climate impact emerges effect of reducing supply, cutting costs and speeding up transactions will also appeal to both individuals and institutions due to the significance of the merge. We expect the developments to bolster prices across the wider crypto market to some degree. So there you have it. Let me know if you agree or disagree with the ceo of the group. Nigel Green that the crypto market will likely have a positive impact post merge. But now let's break down our next play of the day. Microstrategy Ceo and Bitcoin advocate Michael Saylor, the one and only doubled down on his support for Bitcoin. As he explained the issues related to transferring the value of physical properties such as gold, company stocks or equity and real estate. During the Australia crypto convention. Speaking about the underlying proof of work consensus mechanism, Sailor highlighted the Bitcoin is back By $20 billion $20 billion and sailor further underscored the high maintenance costs and tab Taxes link with owning the inheritance physical property over the long term, which in case a Bitcoin does not exist. Geopolitical tensions across the world also determine the type of assets one would be allowed to carry forward across jurisdictions as the shared here. Bitcoin represents a property that you can acquire a small pieces and that you can carry with you anywhere you go, you can give it to your children's children's children's Children and in 250 years maybe your family still owns the property.

That's right because one Bitcoin can be divided by 100 million Satoshi is and according to Sailor only royalties such as king Charles the third have the liberty to pass down their wealth without worrying about being taxed away unless this Bitcoin, the entrepreneur reiterated that the Bitcoin network has not been hacked for over 13 years and it's currently the most secure network in the world preach. On an end note, Sailor emphasized the regular upgrades being made on Bitcoin network to make it faster and more secure along with innovations around layer two and layer three applications and Bloomberg analyst Mike McGlone recently opined that Bitcoin is a wild card that is well positioned to outperform stocks as traditional finance inches towards a recession. McGlone took it to social media platforms including linkedin and twitter to state Bitcoin is a wild card. That's more right to out perform when stocks bottom but transitioning to be more like gold and bonds. Now let's break down Michael sailors, multimillion dollar Bitcoin price prediction. During a recent interview with yahoo finance law, five sailors shared the following, there is no price target I expect, we'll be buying Bitcoin at the local top forever and I expect Bitcoin is going to go into the millions. So we are very patient, we think it is the future of money as I shared in yesterday's episode Sailor also predicts a $100 trillion crypto market cap. So let's just run the numbers if we were to hypothetically 100 X from here saying that the crypto market cap is currently sitting at roughly a trillion dollars one hund. The current Bitcoin price of around 20,000 is a $2 million Bitcoin price prediction, Let me know when you feel the Bitcoin price is likely to reach that $2 million mark and quoting him again here. Once people figure out why Bitcoin is superior to everything else, then the institutions are going to come in with large sums of money and we are not going to have to struggle through this massive explanation why we're different than 19,000 other crypto tokens and the microstrategy executive also affirmed that Bitcoin is the future of money but the scale up to it ability to achieve billions and billions of transactions and needs to have an ethically economically and technically sound base layer and second layer like the lightning network which we have. So there you have it. What are your thoughts surrounding Michael sailors multimillion dollar Bitcoin price prediction in the comments below.

Now for the top three comments from yesterday's episode e coin wrote Aloha friday JV great show to end the week so stoked the weekend is finally here have a good one bro chronic serve as always fam one love and our next featured comment comes from Nate who wrote us a story so I'm just gonna read a small portion. Thanks again. JB for the great update. Who the heck does the biden admin and left us in the government think they are telling free people what they can and cannot do with their own money or how they can transmit that money. It's none of the government's dang business. And I think conflicts with the honest reading of the U. S. Constitution. I agree. 100%. And a third and final featured comment comes from Pisa Love it, Michael Saylor and max they open their mouths and politicians look stupid digital dollar replacing Bitcoin that will never take our freedom inflation has only just got started. Bitcoin is the place to be.

We are early guys keep stacking and start packing El Salvador. Here we come, let's freaking go and to be featured on tomorrow's episode. Drop a comment right down below. Make sure you turn on all notifications will smith that like button. And I look forward to seeing you on tomorrow's episode Peace.

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