The space race, crypto wars and the future of
Bitcoin. Welcome back to the Bitcoin Street Journal
podcast. I'm your host Anna. And today we've
got a jam packed episode that'll have your brain
buzzing faster than the Bitcoin hashrate itself.
From powerful political moves to groundbreaking
developments in crypto, the world of Bitcoin
is shifting. And we're right here to break it
all down for you. This is the Bitcoin Street
Journal, the only place where truth meets the
blockchain. Let's dive in. Eric Trump, the end
of anti crypto banks? Hold on to your hats because
the world is changing faster than a miner's rig
switching to renewable energy. Eric Trump, the
executive vice president of the Trump Organization,
just made a bold prediction. Anti -crypto banks
are going to be extinct in 10 years. That's right,
folks. He's putting a timeline on when the traditional
banking systems that resist crypto will no longer
exist. Eric Trump described the swift international
payment network as an absolute disaster. And
let's be honest, it's hard to disagree with him.
Swift was designed decades ago and is riddled
with inefficiencies. And we've all seen how vulnerable
it is to geopolitical tension. On the other hand,
Bitcoin and blockchain technologies offer direct
borderless transfers with no middleman and much
lower fees. This isn't just a statement from
a businessman. It's a vision for the future.
One where Bitcoin and crypto will force the legacy
system to evolve. The old financial system might
just have to step aside. Coinbase pushes for
Supreme Court case crypto users rights. In the
latest showdown, Coinbase is taking the fight
to the U .S. Supreme Court. The top crypto exchange
is urging the court to review a case that could
limit the IRS's ability to spy on crypto users,
especially when it comes to surveillance on transactions
across exchanges. For years, the IRS has been
treating crypto transactions like they're a free
for all, hunting down every trade, every movement.
But Coinbase is drawing a line in the sand. They
want the Supreme Court to establish clear boundaries,
privacy rights for crypto holders, and users
on exchanges. Could this case become a watershed
moment for the freedom of financial privacy in
the digital age? It's possible. Adi Shamir, a
cryptography pioneer, speaks out. Let's take
a step back, because not everyone in the cryptography
world is a Bitcoin fan. Meet Adi Shamir. one
of the co -creators of the RSA cryptographic
standard. Shamir recently made waves by saying
that the world would be better off without cryptocurrencies.
Now we respect the man's credentials. He's a
pioneer in cryptography. But what's he missing
here? Bitcoin isn't just about cryptography.
It's about sovereignty, decentralization, and
financial freedom. Shamir's view that crypto
is a negative force comes from a traditional
understanding of cryptography. without considering
the global monetary reset Bitcoin represents.
It's a clash of old and new paradigms, cryptography
as a tool for encryption versus cryptography
as a tool for economic freedom. The debate continues
and Bitcoin is winning in ways that no one predicted.
CZ's global push, crypto reserves are the future.
If you haven't been paying attention, Chengping
CZ Zhao is on a mission. The Binance CEO and
all around crypto mogul is now advising countries
on how to build their own strategic Bitcoin reserves.
He believes that with one of the largest economies
holding Bitcoin, other countries will follow
suit. It's simple economics. The domino effect
is coming. As more and more governments realize
that holding Bitcoin is not just a hedge, but
a strategic move. We're going to see national
crypto reserves emerge as a global trend. The
writing is on the wall. Countries like El Salvador
have already set the example, and now other nations
are starting to pay attention. This isn't just
about Bitcoin's price. It's about global monetary
systems evolving to include it. In the world
of digital collectibles, FIFA is making a bold
move. Their NFT platform, FIFA Collect, is dropping
Algorand as its blockchain partner in favor of
its own chain, an EVM -compatible blockchain.
Now, why does this matter? FIFA's digital collectibles
market is huge. Collectors are eager to own a
piece of the World Cup, a game -changing moment
in digital asset ownership. By ditching Algorand,
FIFA is aligning its collectibles with Ethereum
-compatible chains, making it easier for mainstream
users to interact with the market. But let's
be clear, this isn't just a tech swap. It's a
shift in the narrative. FIFA's decision signals
that blockchain -based collectibles are going
mainstream, and Ethereum remains the go -to for
mass adoption. Crypto losses, the dark side of
DeFi. Here's a harsh reality. The crypto space
isn't always sunshine and profits. According
to Immunify, crypto losses have already surpassed
$1 .7 billion this year, four times greater than
the same period last year. We're not just talking
about hacks. We're talking about systemic vulnerabilities
that continue to plague DeFi platforms, exchanges,
and custodians. But here's the kicker. The space
is evolving. The failures of today fuel the innovations
of tomorrow. Projects are learning, building
better security, and working hard to regain trust.
The 750 million Bitcoin dumpster fire to Hollywood.
Now here's a story that'll make your jaw drop.
The James Howells saga is coming to Hollywood.
This is the tale of a man who accidentally threw
away $1 ,750 million in Bitcoin by dumping a
hard drive in a landfill. Yes, you heard that
right. $1 ,750 million. And now a production
company has picked up the rights to turn his
tragic tale into a feature film. Imagine losing
an entire fortune all because of a simple mistake.
It's the stuff of legend. And now a movie. Ripple's
$5 billion offer rejected. Circle turns them
down. Speaking of crypto power moves, Ripple
tried to make a splash by offering $4 to $5 billion
to acquire Circle, the issuer of USDC. According
to Bloomberg, Circle rejected the offer, but
this highlights the consolidation happening in
the stablecoin and crypto payment sector. This
could be the start of a larger battle for dominance
in the crypto payment space. And with Ripple's
recent growth and USDC's ubiquity, this story
is far from over. The road to 100k Bitcoin's
momentum builds. On the price front, Bitcoin
is looking strong. It's no secret that Bitcoin
has been building momentum since the beginning
of 2025. The price hasn't hit $100 ,000 just
yet, but the technicals are clear. Bitcoin is
on the cusp of something big. Will it break through
the $100 ,000 mark and trigger a new wave of
FOMO? The signs point to yes, and as institutional
money pours in, the liquidity crunch could propel
the price upward faster than anyone expects.
The next big push, hashrate, recession, and global
adoption. As we wrap up today's show, let's talk
about the global context. We've talked about
Bitcoin's technicals, but we can't ignore the
broader forces at play. The Bitcoin hashrati
surged by 17 % this year, signaling that mining
operations are ramping up. And the more decentralized
and distributed Bitcoin mining becomes, the stronger
the network gets. As the US enters a potential
recession, Some analysts believe that Bitcoin
could benefit from a weaker dollar and lower
borrowing costs, making it even more attractive
to hedge against inflation. Global adoption continues
to grow, with more countries recognizing Bitcoin's
potential to be a digital reserve asset. It's
clear Bitcoin is not just surviving, it's thriving
in an ever -changing landscape. Closing. And
that's it for today's episode of the Bitcoin
Street Journal podcast. We've covered a ton of
ground today from Eric Trump's bold predictions
to the latest developments in crypto regulation
and adoption. Remember folks, stay sovereign,
keep stacking those sats, and always be ahead
of the curve in the world of Bitcoin. This is
Anna signing off. We'll see you in the next block.