what you think it's going to be a $100,000 asset soon 200 yes vanx head of digital research Matthew seagull just revealed bitcoin's next 12 months with 107.7 billion in assets under management you have to believe that when vanex head of digital research says this about Bitcoin hundreds of billions of dollars worth of capital is listening our bet is that this is a very bullish setup for Bitcoin into the election we saw the exact same pattern in 2020 where Bitcoin lagged with low volatility and then once a winner was announced we had a high Val rally
as new buyers come into this market and that's the great thing about Bitcoin is that every day there's new buyers being born it's kind of like the video game industry the olds who hate it die off the new folks are buying it and what we think is that once the election result is finalized Moody's is going to downgrade us sovereign debt and that could could be a catalyst for for Bitcoin doesn't gold correlate with with uh the dollar and with M2 as well and and gold and Bitcoin seemed like the correlation broke down a couple
of times recently Bitcoin is a chameleon its correlations change over time it's hard to predict what it's going to be correlated with over the short term over the long you really say it's it's because of the 21 million and it's fixed amount is out there therefore the debasement of the currency favors that I mean that's yeah it's it's it's a non us asset it's an Emerging Markets asset and while we were all hyperventilating about the election over the last week brics had a conference in Russia there's six new members of brics this year so brics
GDP is now greater than the combined GDP of G7 uh of the six new members three of them Argentina the UAE and Ethiopia are now mining Bitcoin with government resources so there is tremendous urgency outside of the US to find a way to circumvent the irresponsible fiscal policy that we've been running here in the US uh in fact Russia announced an initiative their Sovereign wealth fund is going to invest in a regional initiative to build Bitcoin mining and AI infrastructure throughout brics with an idea of settling global trade in Bitcoin so look someday I don't
know if it's 5 years 10 years Putin's going to die we're going to look to reintegrate some of these countries into the world financial system and they're going to be with Bitcoin what are we going to be doing okay yeah are you stunned no I'm just processing you're processing processing when will that be complete the processing yes so that you can make a comments when is when is the when is Bitcoin going to be complete I have no idea he sounds what what you think it's going to be a $100,000 asset soon 200 yes uh
you know the the smallest ever trough to Peak rally for a Bitcoin cycle was 2,000% if we do half of that that'd be 1,000% that'd be roughly 180,000 when does this all go down I mean not down when does this happen all happen I think after the election will be a significant Catalyst you can see it front page of the Wall Street Journal talking about debt and deficit concerns uh like Moody's is telegraphing this they want to downgrade sovereigns who have like Kathy Woods what's that where like Kathy Wood where boss yeah how do you
how do you feel about her predictions I don't think about them very much I mean do you think she's right 500,000 is where she's at by very soon we have a model that assumes that by 2050 this is very long term that Bitcoin becomes a reserve asset that's used in global trade and held by global central banks at a very modest 2% weight and in that model we arrive at a $3 million price target for Bitcoin now that sounds you know extreme but that's a 16% compound annual growth rate for a couple decades you know
that that's not really that extreme so into the millions over the medium term is high conviction call and by the way although vanck is bullish no matter who gets elected they are pricing in a trump Victory they say that would be better for crypto according to vanc but don't get it twisted Trump actually isn't the biggest indicator of Bitcoin success by any means Matthew seagull says bitcoin's price is most correlated to this yeah I agree with that uh Trump is clearly the more Pro crypto and Bitcoin candidate and VP Harris has not said a single
word on it so uh one doubts whether she truly understands it but but to your question about the correlations the most significant long-term correlations for Bitcoin are a negative correlation with the US dollar and a positive correlation with money supply growth or M2 so clearly on the latter front money growth has re accelerated with the FED pivot that may be playing part of a role also some sellers exhaustion uh the German government and the US government sold spitefully $2 billion worth of bitcoin in the last couple months that has eased uh and I think the
election is helping polls are helping why did they do that uh German government seized a couple billion dollars of Bitcoin in a crime and sold it in August because they don't like it because they don't like I you just said spitefully I wondered why why you had that is that an adjective or an ad I don't know maybe an adverb um couldn't a correlation with the money supply explain why it seems to be just totally correlated with risk assets if if there's a lot of liquidity risk assets seem to to go up therefore Bitcoin seems
to go up and down it doesn't seem to be a safe haven with with risk assets it seems to move totally correlated with you know the NASDAQ or the Magnificent 7 or or whatever the correlations change over time over a 10-year time Horizon the NASDAQ correlation with Bitcoin is A.1 n quite low over the last 3 months it's a 0.5 and that's a 2 and a half year high and that may be keeping some allocators on the sideline because they want to see it fall so many people are missing Wall Street getting in on this
asset class so many people have blinders on to what Bitcoin is about to do smash the like button support the channel we're witnessing all this happen in front of us and we show you this on a daily basis this is why you subscribe to altcoin daily I just hope that you watched this interview that we published the other day in this two-minute clip that I'm about to play you Wall Street Insider James Heckman perfectly explains how Wall Street is going to pump crypto higher than you can imagine these are the signs see you tomorrow my
friends Black Rock in the last three days just the last three days has accumulated over a billion dollars worth of bitcoin in their ETF um you said earlier in this conversation that black rock doesn't buy an asset like this unless they expect a 20x bitcoin's around $60,000 today are you saying 20x from there I I think there's no question that this is the beginning the formative stages of the Black Rock State Street Vanguard banking Dynasty's position on bitcoin like they don't they don't don't show up for the end they don't miss things oh God I
wish it would have got in right when they feel like they have an opportunity to have a monopoly you know like Monsanto you know like fiser madna you know like the media industry like Google they move in they take a massive position and and what people don't realize is that you know black Rock's not Black Rock black rock is a State Street Black Rock is Vanguard black R is JP Morgan Goldman Sachs just look at the capitalization table they're all one and they're all coordinated and you know it's a it's an amazing uh signal to
see them move in unison they're not all moving independently right see every single Bank last fall Bank of Israel Bank of England BFA Goldman JP Morgan all in the same day started accumulating last year when there was a negative announce from yel uh yelon uh when there was a negative announcement CZ gone to prison something like that they would accumulate on the other end right because they know over the long run that you know uh Bitcoin is not going to be regulated Into Obscurity and so I think this year is the the beginning so the
question is what happens um you know over the next couple years think about the multi-trillion dollar market caps of apple and Amazon and Google so Bitcoin is going to have its version of a multi trillion dollar market cap if Bitcoin does a 20x that's around a12 million Bitcoin per coin let's just say you know it does a 9x that's around half a million dollars per coin in the long run that's similar to what Kathy Wood thinks similar to what a Michael sailor thinks that's more that's in line with your view it's impossible to not happen
it's impossible to not happen if you've got Black Rock accumulating fast they're not going to exit until they get a significant return they control when I say black Rocket's a metaphor for their whole Consortium
