WEBVTT 00:00:05.940 --> 00:00:08.300 Welcome to the Bitcoin Street Journal Bitcoin 00:00:08.300 --> 00:00:11.220 Market Update, the podcast that brings you daily 00:00:11.220 --> 00:00:14.000 live updates on the ever -changing Bitcoin market. 00:00:14.640 --> 00:00:17.199 Stay informed with our in -depth Bitcoin technical 00:00:17.199 --> 00:00:20.280 analysis as we explore the current price of Bitcoin, 00:00:20.839 --> 00:00:24.440 BTC, market capitalization and market supply. 00:00:25.539 --> 00:00:27.780 Get ready to dive into the world of cryptocurrency 00:00:27.780 --> 00:00:31.000 and stay ahead of the game. In today's episode, 00:00:31.120 --> 00:00:34.659 we'll cover Bitcoin reaching the $100 USD milestone, 00:00:35.240 --> 00:00:37.619 Revolut integrating Bitcoin, a predicted bull 00:00:37.619 --> 00:00:41.759 run, B -Trust acquiring Kala, Colorado DMV accepting 00:00:41.759 --> 00:00:44.460 Bitcoin, the record low circulation of Bitcoin 00:00:44.460 --> 00:00:47.960 in high spot volumes, the song Foreclosure of 00:00:47.960 --> 00:00:51.560 a Dream by Megadeth. Inspired by the failure 00:00:51.560 --> 00:00:54.939 of Midwest federal savings and loan, a post on 00:00:54.939 --> 00:00:58.060 Instagram establishing Bitcoin as the apex wealth 00:00:58.060 --> 00:01:01.359 source. and how to support the Bitcoin Street 00:01:01.359 --> 00:01:07.159 Journal on various platforms. Can you believe 00:01:07.159 --> 00:01:09.659 it? It's been a whole decade since people were 00:01:09.659 --> 00:01:14.239 celebrating Bitcoin reaching $100 USD. It's amazing 00:01:14.239 --> 00:01:17.239 how far we've come since then. I often wonder 00:01:17.239 --> 00:01:20.200 where Bitcoin will be in another 10 years. One 00:01:20.200 --> 00:01:22.620 thing's for sure, I'll definitely be hodling 00:01:22.620 --> 00:01:26.439 no matter what happens. Guess what? Bitcoin has 00:01:26.439 --> 00:01:29.180 dipped below the extremely undervalued portion 00:01:29.180 --> 00:01:32.379 of the rainbow chart. Interesting, right? Now, 00:01:32.760 --> 00:01:34.780 what are you going to do with this piece of information? 00:01:35.239 --> 00:01:37.439 It's always fascinating to see how the market 00:01:37.439 --> 00:01:40.569 fluctuates. Hold on to your hats because here's 00:01:40.569 --> 00:01:44.370 some breaking news. Fintech Bank Revolut, with 00:01:44.370 --> 00:01:48.230 a whopping 15 million users, has integrated Bitcoin 00:01:48.230 --> 00:01:51.769 Segwit addresses and on -chain withdraw and receive 00:01:51.769 --> 00:01:54.590 features. That's definitely something to be excited 00:01:54.590 --> 00:01:57.450 about. It's great to see more companies embracing 00:01:57.450 --> 00:02:01.069 the power of cryptocurrencies. But wait, there's 00:02:01.069 --> 00:02:06.569 more. Co -founder of BitMEX, a major cryptocurrency 00:02:06.569 --> 00:02:09.550 exchange, predicts that the Bitcoin bull run 00:02:09.550 --> 00:02:12.469 will accelerate in the next six to 12 months. 00:02:13.030 --> 00:02:16.229 That's quite a bold statement. According to the 00:02:16.229 --> 00:02:18.710 co -founder, Arthur Hayes, our position is solid, 00:02:18.909 --> 00:02:21.169 regardless of whether the Fed raises or cuts 00:02:21.169 --> 00:02:23.909 rates. Looks like we're in for an exciting ride. 00:02:24.229 --> 00:02:27.930 Breaking news again. But trust, the Bitcoin nonprofit 00:02:27.930 --> 00:02:30.650 founded by no other than Jack Dorsey and Jay 00:02:30.650 --> 00:02:34.419 Z has acquired Kala. an African Bitcoin and lightning 00:02:34.419 --> 00:02:37.180 engineering training organization. This is a 00:02:37.180 --> 00:02:39.560 major step for Btrust in expanding their reach 00:02:39.560 --> 00:02:42.460 in Africa. It's fantastic to see influential 00:02:42.460 --> 00:02:44.620 figures supporting and investing in the future 00:02:44.620 --> 00:02:48.180 of Bitcoin. Starting on September 1st, Kala is 00:02:48.180 --> 00:02:51.520 now a part of the Btrust Builders program. It's 00:02:51.520 --> 00:02:53.680 incredible to witness the growth and development 00:02:53.680 --> 00:02:56.800 within the cryptocurrency community. Collaborations 00:02:56.800 --> 00:02:59.620 like this are paving the way for a brighter future. 00:03:00.199 --> 00:03:04.039 Hold on another exciting update the Colorado 00:03:04.039 --> 00:03:06.439 Department of Motor Vehicles has made a groundbreaking 00:03:06.439 --> 00:03:09.300 announcement Brace yourselves folks because they 00:03:09.300 --> 00:03:12.080 are now accepting Bitcoin as a payment option 00:03:12.080 --> 00:03:15.840 via PayPal for renewals and registrations Can 00:03:15.840 --> 00:03:19.400 you believe it? It's amazing to see how cryptocurrency 00:03:19.400 --> 00:03:22.719 is gaining acceptance in various industries The 00:03:22.719 --> 00:03:26.740 future is here Now picture this your family members 00:03:26.740 --> 00:03:30.310 come to you and ask about Bitcoin It must be 00:03:30.310 --> 00:03:33.509 a familiar scenario for many of us. The key here 00:03:33.509 --> 00:03:36.169 is to ignore the noise and be careful about whom 00:03:36.169 --> 00:03:39.669 you listen to when it comes to Bitcoin. There's 00:03:39.669 --> 00:03:42.409 a lot of information out there and not all of 00:03:42.409 --> 00:03:45.550 it is trustworthy. Make sure you do your own 00:03:45.550 --> 00:03:48.009 research and educate yourself about Bitcoin. 00:03:48.750 --> 00:03:51.949 It's crucial to stay informed in this ever evolving 00:03:51.949 --> 00:03:56.009 landscape. In the world of Bitcoin, staying sovereign 00:03:56.009 --> 00:03:59.650 and free is essential. This decentralized currency 00:03:59.650 --> 00:04:02.189 empowers individuals to take control of their 00:04:02.189 --> 00:04:06.550 own financial destiny. So keep learning, keep 00:04:06.550 --> 00:04:09.250 exploring, and stay true to the principles of 00:04:09.250 --> 00:04:20.129 Bitcoin. Stay sovereign. Stay free. So here's 00:04:20.129 --> 00:04:23.660 the thing about Bitcoin. In the last 30 days, 00:04:23.980 --> 00:04:26.240 the percentage of Bitcoin that has actually been 00:04:26.240 --> 00:04:29.399 moving around in the market is at an all -time 00:04:29.399 --> 00:04:35.019 low. Can you believe it? Only 5 .4 % of the circulating 00:04:35.019 --> 00:04:38.300 supply is on the move, which means a whopping 00:04:38.300 --> 00:04:43.399 94 .6 % is sitting dormant. It's like the Bitcoin 00:04:43.399 --> 00:04:47.019 is just taking a nice long nap. But hey, don't 00:04:47.019 --> 00:04:49.639 let that fool you. Just because it's snoozing 00:04:49.639 --> 00:04:53.470 doesn't mean the market is asleep. Spot volumes 00:04:53.470 --> 00:04:55.870 are actually reaching levels that haven't been 00:04:55.870 --> 00:05:00.810 seen since 2019. So yeah, you could say the market 00:05:00.810 --> 00:05:04.430 is thin right now. And when I say thin, I mean 00:05:04.430 --> 00:05:07.129 really, really thin, like thinner than that one 00:05:07.129 --> 00:05:10.110 slice of pizza you had for lunch. Now let's talk 00:05:10.110 --> 00:05:14.529 about Bitcoin's inelasticity. Sure, it can be 00:05:14.529 --> 00:05:16.949 a blessing when the price is soaring, but it 00:05:16.949 --> 00:05:19.670 can also cut the other way when things are going 00:05:19.670 --> 00:05:22.560 downhill. It's one of those double -edged swords, 00:05:22.959 --> 00:05:26.160 if you catch my drift. So it's always good to 00:05:26.160 --> 00:05:27.959 keep that in mind when you're playing around 00:05:27.959 --> 00:05:30.980 in the Bitcoin space. All right, let's shift 00:05:30.980 --> 00:05:33.240 gears here. We got to talk about Dylan LeClair. 00:05:33.740 --> 00:05:36.060 He's been addressing some concerns about Bitcoin 00:05:36.060 --> 00:05:39.379 miner fees being low. And you know what? He's 00:05:39.379 --> 00:05:42.639 got a point. Bitcoin's limitations, if you want 00:05:42.639 --> 00:05:45.540 to call them that, are actually part of its design. 00:05:45.939 --> 00:05:49.879 It's not a bug. It's a feature. And there will 00:05:49.879 --> 00:05:52.660 always be folks out there who want to tweak Bitcoin 00:05:52.660 --> 00:05:55.500 and make it better. You know what Dylan said 00:05:55.500 --> 00:05:57.980 that really stuck with me? He compared the Federal 00:05:57.980 --> 00:06:01.660 Reserve to Federal Express or FedEx for short. 00:06:02.579 --> 00:06:04.980 And let me tell you, that's quite the comparison. 00:06:05.480 --> 00:06:07.779 The Fed might have the word federal in its name, 00:06:07.779 --> 00:06:11.579 but it's about as federal as FedEx. So take from 00:06:11.579 --> 00:06:14.040 that what you will. Oh, and by the way, I've 00:06:14.040 --> 00:06:16.199 got some personal experience to share with you. 00:06:16.430 --> 00:06:18.529 I've always believed in dollar cost averaging 00:06:18.529 --> 00:06:21.649 when it comes to accumulating Bitcoin. And you 00:06:21.649 --> 00:06:23.850 know what? Now I have proof that it's a good 00:06:23.850 --> 00:06:26.670 idea. Every time I do my dollar cost averaging 00:06:26.670 --> 00:06:30.889 thing, the price of BTC drops by $200, $300. 00:06:31.430 --> 00:06:33.230 It's like it's giving me a little discount for 00:06:33.230 --> 00:06:36.550 being a smart investor. So I get to buy my Bitcoins 00:06:36.550 --> 00:06:38.990 for a cheaper price next time. Not too shabby, 00:06:39.149 --> 00:06:43.370 right? So my friend, remember this. Bitcoin might 00:06:43.370 --> 00:06:46.189 be taking a nap right now. but the market is 00:06:46.189 --> 00:06:48.829 wide awake. And don't forget to keep an eye on 00:06:48.829 --> 00:06:51.790 those minor fees. They might be low, but it's 00:06:51.790 --> 00:06:55.750 all part of the plan. And keep on dollar cost 00:06:55.750 --> 00:06:58.089 averaging. It's like getting a little discount 00:06:58.089 --> 00:07:05.189 on your Bitcoin purchases. Happy investing. The 00:07:05.189 --> 00:07:08.029 Midwest federal savings and loan, huh? That's 00:07:08.029 --> 00:07:10.959 an interesting topic. Did you know that the Megadeth 00:07:10.959 --> 00:07:13.699 song, Foreclosure of a Dream, is said to be inspired 00:07:13.699 --> 00:07:17.300 by that very failure? It's true. Back in the 00:07:17.300 --> 00:07:20.319 day, Megadeth's bassist, Dave Ellifson, actually 00:07:20.319 --> 00:07:22.720 penned the lyrics to the song after his family's 00:07:22.720 --> 00:07:25.420 farm in Minnesota was on the verge of financial 00:07:25.420 --> 00:07:29.480 ruin due to the SNL crisis. If you're curious 00:07:29.480 --> 00:07:32.180 to learn more about this whole savings and loan 00:07:32.180 --> 00:07:35.139 crisis, it's always fascinating to delve into 00:07:35.139 --> 00:07:38.220 these historical events and see how they've influenced 00:07:38.220 --> 00:07:41.819 different aspects of society, like music in this 00:07:41.819 --> 00:07:44.899 case. Now I stumbled upon an interesting tweet 00:07:44.899 --> 00:07:47.399 that caught my attention. It's from someone called 00:07:47.399 --> 00:07:49.759 Lopp, and they seem to be sounding the alarm 00:07:49.759 --> 00:07:53.149 bells about banks. The tweet mentions that banks 00:07:53.149 --> 00:07:55.410 are not going to make it and includes a hashtag 00:07:55.410 --> 00:07:58.050 for Bitcoin. If you're intrigued, you can find 00:07:58.050 --> 00:08:02.689 the tweet or on Noster search for atlop. Speaking 00:08:02.689 --> 00:08:06.329 of Bitcoin, there's another intriguing statement 00:08:06.329 --> 00:08:10.149 thrown into the mix. Someone claims that China 00:08:10.149 --> 00:08:13.829 is getting out of something before it pops. I 00:08:13.829 --> 00:08:16.170 wonder what they're referring to. Perhaps they're 00:08:16.170 --> 00:08:18.649 alluding to some upcoming financial turbulence 00:08:18.649 --> 00:08:21.990 or maybe it's related to Bitcoin again. Whatever 00:08:21.990 --> 00:08:25.149 it is, it seems they're advising others to follow 00:08:25.149 --> 00:08:28.029 suit and get out too. And of course, they're 00:08:28.029 --> 00:08:30.870 urging people to jump into Bitcoin. It's all 00:08:30.870 --> 00:08:35.590 quite cryptic, don't you think? Well, if you're 00:08:35.590 --> 00:08:39.110 interested in exploring the world of cryptocurrency 00:08:39.110 --> 00:08:41.909 and want to know more about Bitcoin, there's 00:08:41.909 --> 00:08:44.830 no shortage of resources out there. It can be 00:08:44.830 --> 00:08:48.110 an exciting and sometimes volatile realm, but 00:08:48.110 --> 00:08:50.690 it has certainly piqued the curiosity of many. 00:08:51.019 --> 00:08:53.759 Who knows, maybe it's worth considering the claims 00:08:53.759 --> 00:08:56.179 and taking a closer look at what Bitcoin has 00:08:56.179 --> 00:08:59.659 to offer. Now, it's worth noting that I'm just 00:08:59.659 --> 00:09:01.700 providing you with some tidbits of information 00:09:01.700 --> 00:09:04.620 based on the text you shared. This topic is quite 00:09:04.620 --> 00:09:07.179 intriguing, but remember to do your own research 00:09:07.179 --> 00:09:10.039 and draw your own conclusions. As with anything 00:09:10.039 --> 00:09:12.960 related to investments and finances, it's important 00:09:12.960 --> 00:09:15.639 to approach things with a critical eye and seek 00:09:15.639 --> 00:09:19.279 out multiple sources of information. So, there 00:09:19.279 --> 00:09:22.769 you have it. a glimpse into the Midwest federal 00:09:22.769 --> 00:09:25.929 savings and loan, some musical inspiration from 00:09:25.929 --> 00:09:30.789 Megadeth, and a sprinkle of cryptocurrency intrigue. 00:09:31.429 --> 00:09:33.529 It's always fascinating to see how different 00:09:33.529 --> 00:09:36.610 aspects of our world intertwine, isn't it? If 00:09:36.610 --> 00:09:38.809 you're craving more knowledge or have any other 00:09:38.809 --> 00:09:41.110 questions, just let me know. I'm here to help. 00:09:48.200 --> 00:09:50.419 If you have an Instagram account, it would be 00:09:50.419 --> 00:09:52.700 great if you could share something about Bitcoin. 00:09:53.519 --> 00:09:55.299 I've noticed that many of my girlfriends and 00:09:55.299 --> 00:09:57.279 associates have some interesting opinions about 00:09:57.279 --> 00:10:00.580 it. Some of them say things like, don't buy Bitcoin, 00:10:00.639 --> 00:10:03.659 it's from China, while others are more focused 00:10:03.659 --> 00:10:06.899 on their 401ks. And then there are those who 00:10:06.899 --> 00:10:08.899 simply say they don't want to get into politics 00:10:08.899 --> 00:10:12.299 or finances. But here's what I would love to 00:10:12.299 --> 00:10:15.990 anonymously post on Instagram. Bitcoin is like 00:10:15.990 --> 00:10:19.629 the new 401k that won't lose its value, and it's 00:10:19.629 --> 00:10:22.509 definitely not from China. In fact, it's governed 00:10:22.509 --> 00:10:26.610 by everyone who owns it. I feel like these women 00:10:26.610 --> 00:10:28.830 need to pay attention to other ways they can 00:10:28.830 --> 00:10:32.450 ensure their family's survival beyond just thinking 00:10:32.450 --> 00:10:36.230 about decorations and customs. Maybe we should 00:10:36.230 --> 00:10:38.889 tell them about what happened between 2014 and 00:10:38.889 --> 00:10:43.960 2017. It could be eye -opening for them. Let's 00:10:43.960 --> 00:10:47.139 talk about Gensler. Some people see him as nothing 00:10:47.139 --> 00:10:49.659 more than a government employee who hates Bitcoin. 00:10:50.460 --> 00:10:55.080 But sometimes, hatred can blind a person. However, 00:10:55.700 --> 00:10:59.220 timing is everything. And my prediction is that 00:10:59.220 --> 00:11:02.019 Gensler will unwittingly become somewhat of a 00:11:02.019 --> 00:11:05.559 hero for the Bitcoin maximalists. You see, BlackRock 00:11:05.559 --> 00:11:08.639 won't be denied before the halving. So Gensler 00:11:08.639 --> 00:11:11.799 will be forced to approve their ETF at the same 00:11:11.799 --> 00:11:16.000 time as the halving, the Fed pivot, and an unprecedented 00:11:16.000 --> 00:11:19.340 amount of fiat printing, all in an election year. 00:11:19.879 --> 00:11:22.059 It's like a freight train that Gensler never 00:11:22.059 --> 00:11:25.980 saw coming. This historical confluence of events 00:11:25.980 --> 00:11:29.240 will undoubtedly establish Bitcoin as the ultimate 00:11:29.240 --> 00:11:32.500 source of wealth without any doubts or hesitations. 00:11:33.320 --> 00:11:37.019 So if you have an Instagram account, I really 00:11:37.019 --> 00:11:38.899 think it would be interesting if you could share 00:11:38.899 --> 00:11:41.679 something about Bitcoin. It's a topic that's 00:11:41.679 --> 00:11:43.759 sparking a lot of debate and attention lately, 00:11:43.759 --> 00:11:46.240 and it's always good to have different perspectives 00:11:46.240 --> 00:11:49.980 and opinions. Who knows? Maybe you'll even inspire 00:11:49.980 --> 00:11:52.600 someone to look into Bitcoin and discover a whole 00:11:52.600 --> 00:12:06.710 new world of wealth and possibilities. Spotify, 00:12:07.370 --> 00:12:12.090 Amazon Music, RSS .com, Pandora, Samsung podcasts, 00:12:12.610 --> 00:12:15.889 Apple iTunes, iHeart Radio, and many more platforms. 00:12:16.649 --> 00:12:19.490 How can you help? It's simple. Just give the 00:12:19.490 --> 00:12:22.730 Bitcoin Street Journal a like, share, or subscribe. 00:12:23.090 --> 00:12:26.090 Your support means the world to us. By liking, 00:12:26.289 --> 00:12:29.070 sharing, or subscribing, you're not only showing 00:12:29.070 --> 00:12:31.429 your appreciation for our podcast, but you're 00:12:31.429 --> 00:12:33.970 also helping us reach more people who are interested 00:12:33.970 --> 00:12:36.549 in Bitcoin and all things related to cryptocurrency. 00:12:37.210 --> 00:12:39.450 We know there are so many platforms out there, 00:12:39.570 --> 00:12:41.809 and it can be tough to decide where to listen. 00:12:42.389 --> 00:12:45.029 But wherever you choose to tune in, we'll be 00:12:45.029 --> 00:12:47.389 there, ready to bring you the latest news and 00:12:47.389 --> 00:12:50.710 analysis on Bitcoin. So if you're ready to dive 00:12:50.710 --> 00:12:53.509 into the exciting world of cryptocurrencies join 00:12:53.509 --> 00:12:57.470 us on fountain .com comma Noster Noster dot build 00:12:57.470 --> 00:13:03.149 Spotify Amazon music rss .com comma Pandora Samsung 00:13:03.149 --> 00:13:07.990 podcasts Apple iTunes I heart radio and all the 00:13:07.990 --> 00:13:10.830 other platforms that support us We appreciate 00:13:10.830 --> 00:13:13.389 your support and we can't wait for you to join 00:13:13.389 --> 00:13:15.669 the Bitcoin Street Journal community. Thanks 00:13:15.669 --> 00:13:25.110 for listening In today's episode, we covered 00:13:25.110 --> 00:13:27.909 a wide range of topics, including Bitcoin reaching 00:13:27.909 --> 00:13:32.149 the $100 USD milestone, Bitcoin circulation at 00:13:32.149 --> 00:13:35.250 a record low, the inspiration behind Megadeth's 00:13:35.250 --> 00:13:38.169 song Foreclosure of a Dream, and the power of 00:13:38.169 --> 00:13:42.110 Bitcoin as an apex wealth source. Stay informed 00:13:42.110 --> 00:13:45.070 and don't forget to support the Bitcoin Street 00:13:45.070 --> 00:13:49.590 Journal on various platforms. Thank you for tuning 00:13:49.590 --> 00:13:52.169 in to the Bitcoin Street Journal, Bitcoin Market 00:13:52.169 --> 00:13:55.059 Update, your go -to source for daily live, Bitcoin 00:13:55.059 --> 00:13:57.980 market updates, current Bitcoin technical analysis, 00:13:58.460 --> 00:14:01.419 BTC price fluctuations, market capitalization 00:14:01.419 --> 00:14:04.320 and market supply. Make sure to subscribe and 00:14:04.320 --> 00:14:05.960 join us for our next episode.