Bitcoin Reaches $90K! Is $100K Coming This Week? | Crypto Town Hall
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Morning, everyone, happy ninety one thousand bitcoin day to those who celebrate. We've had some tips over the past few days, but theyve been rapidly bought a bitcoin, continuing to make continuing to make an all time high basically every single day, I think, except one day, uh, since breaking out on electro past seventy four thousand. So IT looks like just on saturday bit consulted and did not actually tap a new time high, the all time high.

But every single day since last monday, bitcoin has made a fresh all time high, pretty a sounding twice action here 啊， pushing towards ninety two thousand as we speak right now. Ninety one thousand, six sixty five with the daily hive. Well, basically the the ninety one, nine, thirty five are, depending on the exchange watching.

Interestingly, all kinds have not pushed as part on this move, bitcoin dominance, also making a new fresh eye for this cycle today, uh, which means that all coins which were keeping up or out performing on some of the move are now under performing once again, which is still pretty standard for this part of the cycle. Some of them performing like dogs. No surprise, the doge australia at forty two cents today 啊， a day after the official announcement from president trump that the department of government efficiency A K.

A dog will be LED by another than you on us. And vt. RAM swam, seeing in the word doge uh in the presidential memo about this was a pretty a sounding uh events and further proof that we are one hundred percent of me in the simulation because no way this is happening in reality right now but hey, i'm here for IT.

Uh, orange, red pills, blue pill, orange pills. I know which one we're taking, but I think all of us are having in a great time right now in this market. Uh, one other notable fact because I have dave White burger here, uh, looking at the chart of bitcoin versie gold, uh, to my knowledge the all time high of the bitcoin gold ratio is about thirty seven, uh, right now at thirty five that really depends on our with min gone, whether a bitcoin or gold would outperform for the next year.

Uh, you ever seen the meme of the high school foobar players as not to lie? Uh, they had us in the first half or whatever IT was. Uh yeah well, for the last six months, bitcoin since that, that basically has been out performing gold, but now uh, breaking out and officially outperforming gold on the year on the six months on the basically any time from you can find that. So uh, and a lap yet because the bed isn't over. But bit now I would have to to take the underground about on the break out.

I like that. I mean, I look at my thesis has always been the back of the back, right? It's always the the the december. Actually, I thought I would be december, not november, but okay, uh, november through march.

The one point that i'll make here and I think it's important for people to see IT, if I don't know people were listening on monday, I actually said this that the last time I saw a trading pattern in assets across the board where IT was retailed as IT is by the etf with bitcoin today. Uh, the last time I saw trading pattern of rally, uh, retest slightly, uh, but rally hold, rally hold, rally hold. Monday is being a big rally day.

Tuesday being a test day. Uh, wednesday is being a fell through rally day. The last time I saw was like four months of this was the the climax of the internet bubble in the the the the the two thousand time frame. Uh, and if that is what happens, then I think people are nowhere near. They're dramatically under, including myself with my two forty Price target is dramatically unrested ating where this stuff can go before we as we get towards euphoria.

Uh, that also is the most likely reason why we can see a retest lower again, right? Because people will get you for can get washed out, you know, rather than repeat that kind of stuff will see history doesn't repeat, but IT often rides. And this definitely feels very similar to that because we haven't seen any of the catalysts that people are anticipating.

And those are not catalysts like Sparks. Those are like tsunamis. You know, sovereign alth funds accumulating bitcoin, corporate treasury ies on mars accumulation bitcoin, all the wires, houses is being able to offer bitcoin, and eventually the old coins, because that's on the table now too.

So to me, that is just worth repeating on the perspective of someone who is more gizzard than a lot of the people in the audience. I've seen this before. And the last time this happened, IT, was with, you know, things like cisco. And you can look up charts of cisco around one thousand and ninety nine through two thousand and etcher and see what happened there. And I think that that's the astra.

Yeah, that make trafic, says alex uah, you're tweet with the bitch going just had best of all time went obviously very vira chart that you share there. I mean, what do you what you make of all this incredible Price action that we're seen right now?

Yeah, I got to be careful to eating a table, right? I got a dozens of replies like all you should have done for or oh you should have done market cap inflation adJusting and obviously um I am aware of those. But yes, you know monday wasn't number one for those ones, not nearly even interesting table.

Look right now you have I think as dave dave said, you have real catalysts on the horizon. We think we know what those might be right? Example relief from bank secure and market regulators, um possibility of strategy gic big coin purchases by the us or other countries, all of that type of stuff right now, none of that has happened.

And so the market is anticipating some unknown amount of bullshit that is trying Price in. And I do think that um you you run higher between now and whenever um those news events actually occur. I think like for example, if you ve got um a like less supportive person at the c named by trump, then then a very procreative person doesn't mean that would be bad but maybe that you will see some um hipe meeting sell the news on occur on something like that.

I think also just in general, post inauguration, when the new administration actually starts doing stuff, when you actually start seeing how long or or not long things might take, I think the rubber will start to meet the road on reality here in the market will um you know start reacting less emotionally and more based on actual me developments. But yeah right now, I mean, I see no reason why bitcoin crapo shouldn't rally more through the year. I mean, people they know they're unallocated and um they're trying to get in because there is basically extremely bullish, ed, but being more for event on the future.

And um I mean, we hear this every day. We see we've seen an incredible volume across our gas for bacob adults. I an etf just turn net positive human tivy. Finally, yesterday for the first time. Um so there is huge interest from institutions and stuff to try to get position for what they think might happen. And in the absence of no specific clarity, like pretty much the only you know the rise is to the upside if you're not if you're not allocated, you're not allocated at all.

这边。

The morning sorry for the hopping and popping up in the middle of they run uh but on this morning show the daily financial we were discussing the appoints thus far by trump is cabinet. They're incredibly rightful. They're incredibly powerful and divisive people I think zeo telling um kind of appointment is the most appointment or be and not part of cabinet must will have his way with anything and everything that he wants .

inside of the one. I anyone who cannot drop close .

your APP and then i'll pretty back up so much will .

have anything and everything he wants and I think he's going to push for not necessarily doge, i'm not a dog shoulder, by the way, full. I never less. I believe that payments are coming two x and I think there's going to be a lot of revolutionary activity we have again today, one of the administration, and we've run so far so fast, not unjust five. We show because as people said, the things that are coming possibly are major, major movements in the space where we will have tens of not hundreds of billions of dollars pour into investment in vicki, another popular currently. I really think this is, you know, a seminal moment for crypt a.

We get dave vice furgit occasionally on the olympic al trainer with the click.

and we get David thon, you got give props to people who are prioritizing their health.

So it's hard, it's hard to miss times, uh, there if here us now. I say he's working there. Are there you able to hear us now? Not okay, perfect.

Once again, that always some sort of a glitch. So um simi, in nineteen, two thousand years, right, ninety were ninety one thousand nine. Like I said, new all time high after new all time high, after new all time high.

When does this thing take a breather? My joke, uh my joke on twitter today was that we go to the ninety nine thousand, uh, then go, you know ninety nine thousand, maybe nine, ninety nine, ninety nine uh, then we drop back down to seventy four thousand to test the old aldi high as support and we're dead and it's over and it's going to zero and then we go to like one hundred and fifty. What do you think of my pieces having been?

Ref, yeah, I mean, you know, the short term is a anyones guess. I do. I do expect one hundred k to be a very deep psychological point um the round number is always uh one dollar was ten dollars, was a hundred dollars, was a thousand ten thousand I expect one hundred thousand to be and the same as well um just a point at which people say, all right, i'm time to take some of uh that's not me quoting I just a psychological number um but then once you get through that, you imagine that that would retest and become um support moving forward. Um one thing I am noticing is uh, those calls are coming in now. Um i'm starting to get like invitations from uh, the anti war movement that just didn't care about bitcoin when I was trying to say the bitcoin is A A peaceful uh resistance against war. All of a sudden they're asking me to come on and do interviews on bitcoin and um how you know we can achieve peace with bitcoin, various other things. So a lot of those calls are now coming through and these are brand new people um that um you know uh so I expect a massive I I I expect everyone else is getting the same calls from different types of communities that you are involved with, then don't necessarily have anything to do with bitcoin, then are now asking you to come on and talk about bitcoin so that Normally is the you know to sign the google searches is uh Spike significantly since we went up over ninety k um and so I you know I think we're all expecting you know that retail move as well as that um institutional move as well as the corporate move, as well as the strategic reserves in the sovereign ve. So I don't see why anyone would see that one hundred k is a good time to sell unless you ve got to do IT for your own financial reasons where you need some kind of uh, money for all the reasons.

Ninety two thousand, by the way, was just tapped before dropping slightly. But do we have officially another, uh, psychological benched market in ninety two?

Fred goed, good morning. I going to say two things. One, a little light heart IT is I don't know how many the other people feel like me, but my cypher portfolio has doubled in the last week. It's rounding on tripling. But all i'm actually just upset because about the day before the election, I thought I was being clever and I posted, so what have a good peanut names and thinking, you know, there weren't really any and I got a list of about ten peanut addresses and now I found out that one of them gone like a hundred thousand x and instead of being happy with my portfolio, i'm just upset that I didn't get in on that mean. So that's the psychology .

of the all market for IT. I've i've been the argument that both markets are actually much, much tougher than dar marked psychologically when you're making money.

Not in yeah that was I was woken up this morning by my wife, who is now excited about our cyp T O. portal. She's like, did you actually .

you shows your wife, you're clipped board. The other top is i'm selling literally .

everything you asking if you showed this life, this P.

Uh, but the the good news you know from a regulatory front, I know you talked about IT on your show this morning is that know for we've just got all these players that don't care anymore about what some of the regulators are doing like Robin hood with the S C C. They listed uh sow a uh cardon or peppy, but also listed X R. Yeah and may you know some those are I mean not peppy, but som in cardona a were replace that Robin who got scared of when some of the S C, C. Lawsuits trapped Robin who had never listed X, R P. And if you know that that one has been beaten down so hard because I was on the first wave of S C, is that if some of these large companies are, you know, feeling Better about IT, even with the appeal, which I think is going to wrap up, you know, a lot sooner than a lot of people thought, mean that thing is just prime for potential explosive growth. So I mean, we are in a great time to be alive.

And yeah, that I just made a new all time high on that news. So maybe the Robin hood listing pump is the new combed listing pump, uh, for this psychologic would make to actually a lot of sense with kind of new retail and where they're likely to initially be training because they probably all had Robin, her accounts device ever go.

Oh, actually didn't know that i'd raise by him, but that's okay. Um one of the other things that's alright, I was actually tweet something. Uh, when you talk with the department of government efficiency, I think that one of the most obvious things that they're going to do, because this may be the only time in our lives that they could get the political care about to do so, is merge the C F T C N S C C.

And that has enormously positive implications for crypto o as well as commodities as well as equities. And what I can do without the financial industry, there will be a lot of people who wants to fight IT because the efficiencies uh allow them to make money. But I could be very interesting um and and especially effect.

The regulator under this administration is formed being a lighter touch regulator, meaning not you know incredibly prescriptive. So I I think there's a lot of applications of that. We when you talk about the deck and he understands that he actually question why those two were separate agencies way back.

He feels like forever to go at masaru when he gave that talk in front of all of us, uh, not this year, but the previous year when he was still running for president. So now this whole notion of what is a security could finally be consigned the dustbin of history. And then we actually get real rules that can work in the digital arena. And I think that there's implications of the people have to worry about.

David, that sounds far too efficient. I think you should get yourself a joke.

Well, I mean, I certainly help but asked, you know, but no one's asking as of yet but um it's not a trivial thing .

to do that's for sure give .

IT um that's .

an incredible statement by device burger um certainly I will not be the one this were a cold water IT would require incredible legislative will and power um but what I will say on the regulatory front is has of course gave a very deep and very clear and loud interview yesterday.

Centrally lobbying for the job of S C C chair in terms of not as being pro critter but in terms of the substance of knowledge and being able to go head and write those rules now. And I don't know if the other people that are being floated for the job that are not S C, C people, Frankly, have the depth of that. A, B. The second thing I want to save up the coin. Michael seller may get to is forty two billion dollar fan before year end i'm now I told doubt that he is you know like wild's fire right now you they are raising his twenty one billion of equity and of bed and Frankly, after he's gonna to the finish line a lot earlier than even he anticipated, getting to the finished one of that forty two billion that will further turbo charged the markets and certainly light up the cyp dovers in terms of, you know the retail investors .

that tear him on hey.

guys. Uh yeah good to chat again and I I just wanted to bring up the point of this uh hundred k sort of psychological barrier I got into the the space like starting to uh ply my trade covering crp, turn blockchain back into two thousand seventeen and I keen you remember like the november and december of that yeah how quickly things went from like twelve k to twenty k and then into january getting absolutely ricked um and the speed at which IT all happened was pretty crazy.

What i'm curious about is, is what actually and sets us way across that hundred k barrier. And there's been a lot of talk from other like various people like dinnis porter kind of saying he's fielding loads of calls from different sovereign tions and all looking to by bitcoin. And then there has been some sort of um unconfirmed talk of one or two countries um buying bitcoin already that we may not know about.

I mean, button everyone know that they ve got a lot of big coin. Everyone nice. I'll all the door does. But is IT is IT possible that one of these nation states that no one's really paying attention to biology?

Bitcoin and we all wake up tomorrow and it's like a hundred and ten k um because this this week at coin telegraph i'm not to lie. Haven't got much sleep because the way the cycle has been going in cycle, we went from eighty two k to basic ninety k in the space of a couple of hours, then IT drop down. We had massive liquidations.

The speed at which things are moving is crazy. And I just feel like there are forces that play that no one really knows or understands. And the ritual around the bitcoin strategic reserve is obviously driving some people with enough money in capital and willingness to buy a load a bit corn to do IT.

And I just think it's onna happen when when no one is even expecting IT. Um so I mean, i've been in the space in twenty seventeen and this feels like nothing of experienced before. An honest it's it's pretty exciting and to be at the hit of A A big publication as well, trying to figure IT all out and make plans for the hundred k how we're going to cover that, who we're going to speak to, all the different Price predictions that are going on.

Um it's it's really wild. Um do you make note of every master you ninety up to one hundred k does our readership need to know every time we hit twenty one, ninety two, ninety three, these are all the sort of questions we are asking. And overall, it's pretty exciting.

And uh, I think everyone's looking for information and alpha and some sort of sense of what the hell is happening. And uh, I can tell you for sure that even even our people are journalists that have really good sources everywhere also don't quite know what the hell is happening. So um i'm glad that we ve got these spaces with uh, all these knowledgeable people here. I hope i'll be watching everyone's twitter come in everything to see who's got the real elephant and he's going to be telling us in one hundred k his son and what's what's gna get us across them on.

Well, that's the beauty of Price discovery. Nobody knows where it's going. That's the chAllenging part.

I just to be clear, like I would discount a lot of people with vae engagement, farming, national sovereign alth n type tweet. Many of those people just are not involved in a lot of those discussions. And you know, no fans to dent porter, for example, who I like and is a friend, Dennis runs a nonprofit that serves the u.

That works for bitcoin adoption at the U. S. State level, right? Talking about states inside the right big, giant wealth managers are who work with and talk to born salmons. right.

I think I also wanted to say um just very quickly um I had a call with h joe hall. I'm sure lot of you guys not join a comment on on eggs and he's been having lots of conversations with the guys at H. G.

three. Obviously, Samson moo and the likes to them, and they are having this conversation with nation states. And this definitely a lot of willingness. But what was interesting, we literally spoke earlier today and he said to me that that samsung been chatting to some of these, you know a nation leaders and they won't be fast um and they might end up buying good coin when it's four hundred thousand dollars per coin. You know these kinds decisions take a lot of a lot of thought and a lot of uh clarity to to make, especially when you putting in hundreds of millions of dollars into a new asic.

And at that level of size, you're not that um and if you have that long term of a theses, you're not you're not that Price sensitive. And and to be clear, like I do think it's going to happen. I think it's your kind of creates specifically like early ones.

I would look I would be like small wealthy states you know like monocle um the U A E middle astern countries that have big chat lord chest or any anybody with a giant sovereign alth fun. If you're looking you to me, the calculations pretty straight board, which has been jan freeze theses, it's been what David Bailey has talked about, like the game theory starts to play on pretty seriously if you think the us. Is going to do this like you should do at first or at least to also do IT, right? So think it's pretty inevitable.

I don't know that the U. S. Is actually going to buy bitcoin. I personally don't even think it's a very good idea.

But in any case, any positivity here like is that entrenches bitcoin? Or obviously, there is a stockpile that's actually funded with government money, like then you'd be crazy as another country not to consider IT. So i'm downplaying a likelihood.

It's more just that like like in washington right now, it's straight up game up throws like people are being knifed in the back joking for roles. There's just Charles gasper reno just tweet that elanor terror has think that the best and was about to be named treasury. But lutnick is mounting a last minute pressure campaign like the whole thing is moving so fast right now. Like to me, it's just people just trying to buy the core, really not clear how it's going to shake out. People just know it's going to be positive.

sorry. Why why would IT be a bad idea for U S. Like, well.

the time you buy, if you got toothpicks to to back the dollar, the dollar would collapse. Trump wants a strong dollar. There's no, no incense. There's no reason to hasting the collapse of the dollar by backing IT with something physical.

This is why he called IT national bitcoin stockpile and national not a national bitcoin reserve, right? Like so in general, like that you you could hold IT for some reason if you wanted. But the the any administration, particularly one that's been so vocal ally pro dollar as personal like trump has, would be absolutely crazy to do IT in any way that suggested IT was to support the dollar.

Yeah exactly. But that that's why doing IT now would be the autumn at time because all of the world's capital is strengthen ing the dollar. All of the world's capital is going into the U.

S. Capital markets right now at the time. To do IT is when there is no question about the strength of the dollar. And I don't think anybody um everyone's questioning you know what will happen with with dead right now.

But the time to build a strategic reserve is an environment of positivity, an environment of make amErica great again, an environment of drill, baby drill 啊。 We want to be the leaders and technology, artificial intelligence. We want to to be the leaders in energy.

We also want to be the leaders. And the emerging bitcoin crypto space, I don't think anyone would interpret IT as, oh my god, the dollars about to crash now by bitcoin. The time to do IT is now because if you're in that scenario, then you, anna, have your bitcoin already and you just want to have IT where you can say that you've got these strategic reserve vases.

Yeah, we'll just to be clear, like the trump campaign has never want signal support for like the lamas bill. So like the what's been on the table from trump s to hold what can sees so you look at like individual x from the silk road like so yeah, i'm saying like all of this talks about buying bitcoin isn't never come from .

the trump but if they did walk her out on stage second capture trump speech to present that at national yeah .

it's not related. It's not related to truck .

yeah just saying that the optics of that you know the organic .

brilliant programing by David Bailey Peter yeah your head.

dave.

Yeah the thing is that working you guys hear me. Yeah okay. Ah two things. First, uh, on the strategic reserve I thought I thought it's amusing. Uh, novel came out this morning and said, uh, if this thing starts to get you know gets legs, it's five hundred k because everybody else will be forced to buy IT. That really is the point trump is a trader.

I mean, make no mistake, you put to give a trader something that is a virtually guaranteed mony maker during the period of his of his term and he's gonna do IT. And so you know, yes, you're right, alex. Uh, IT was not a trump idea.

He wanted to not sell. But when you understand that if the U S. Does this, that they'll be front running the rest of the world, that is a very, very attractive proposition for a trader who wants to be able to say that he's building something that's gonna out with a nal debt.

So no, IT IT doesn't have to necessarily work, although I suspect IT would. But IT is a very attractive proposition from the administration. And the real question is if that if they could actually get IT passed in congress, and I think the house is gonna a really tough sell, that I think the senate probably less so given you know the the all the the turn over there, but it'll get signed.

I I think the real question is, can you get real legislation passed to get that done? The other point I wanted to make that, that I think they are from a trading point of view because I just want to sure I got the point is if you look at funding rates now, uh, there's a fair amount of froth, not crazy yet, but a fair amount of froth in the market. And when there's fourth in the market, it's not necessarily barry, he could definitely stay that way for weeks at a time.

But IT increases the odds of dawn raids, weekend raids, four A M raids on the market, you know, where people try to create liquidation caskets. And so that that this theory barish IT just means that you should understand. So people using lots of leverage understanding you get liquidity, uh, stink bids become really important, particularly on the weekend.

And the question will be the people who are buying now since we have a lot of us buying aren't used to trading on the weekends will not allow that to happen. And so I think that, that anyone who wants to play the longer here should be aware that liquidation cascades on weekends become a possibility. Now of course, a possibility that IT doesn't happen because if there is a big bit out there when you try to do that, you get your head headed to you but watch the funding rates because as that they're already double uh, and they could continue to go higher. But that does set up for a very interesting dynamic in the sort of market.

David, if you can breathe.

I can.

Um so I might I don't have a particular opinion on the strategic reserve currency, how is going to turn out. But I will say to add the signal and dave points now I think we need to go ahead and expect the unexpected out of this presidency. The department of defense choice was totally out left.

Field defense is much more finial. And what trump is planning to do to the military in terms of generals leaderships on is certainly much more consequently. And go you had an investigation, bitcoin. I definitely hear the argument that the optics are bad in terms of.

And I think .

I understand the point to the weakness optically showing from the purchase of the bitcoin. But on the other hand, that's eventually you GTA no matter of what. So you want to go ahead and bite a bullet now when their strength to the U.

S. Collar, or buy a bullet later when their early is weakened, speak baked in and the trajectory is no good. I would choose to take that now. And I think with a lot of mask whispering in trump's year, there really is a possibility that this could happen.

Check that was the end of this point, I lost IT. Or if now that .

that was the end of my point, that was the end of my point, let me go back to writing.

I just wait to you. Get to the next leg of the triathlon. Know that the run is actually last, but I was going to make a joke about you getting in the pool, swimming in the street, to have a conversation with you.

to show you so .

much fun. Uh, but I now pushing towards ninety three k already there doesn't seem to be much of a ceiling in sight, but I can only imagine how big the retrace will be once people decide to take profit here. So I want to remind people to be exceptional.

careful. You are actually trying to try this with leverage on and not spot. I mean, two days ago, I think the numbers were standing.

I think there was a billion dollars in predations and IT was almost split fifty, fifty logs and shorts. May we talk about this yesterday? But imagine being directionally correct, making a huge bet on be going going up. And just because you're so much of a donkey that you do not need to stop loss or leveraged, that you get liquidated on the way up by some week down, just don't do .

IT just not forget those coin .

base breaks moment. You can be one of stop, stop. Well, you're not paying a dangerous something. But yes, be careful out there, guys. Because the volatility right now, the sound ninety, two thousand and seven hundred and fifty right now, by the way, fred go.

I just wanted to make a kind of atten general point to a David brought up about, know, some of the nominations and the defense secretary is the the amount of money if, uh, elon in bebear really get going to have authority, that they could say this so astounding. You know, because before I was encysted the law and got into cypher, I I ve had the the government and a lot of personal injury matters.

And when you find out some of the things that the government does IT just blow your your mind. And and one example in the defense department budget is the a money that the government pays to airlines to Carry a certain amount of weight for soldiers and their personal gear when they go from, you know, base to base. And what they do is they pay a certain amount of money to airline companies for one soldier to get like x amount of pounds that they can go with them whenever they want with luggage.

And it's like two thousand pounds. I don't know know what IT is. Now there one point, IT was two or twenty five hundred pounds. And there were stories of people that would take their, of soldiers that I know, that would take their school bag AR with them when they were stationed in santiago to alaska, where they would never use IT.

But they just decided to bring IT with him anyway, because why not they? They were paying for the two thousand pounds, two thousand, five hundred pounds from the airline. So my point being is that, if like, and that's just one of the ten thousand things, if that kind of money is really shaved off and saved, I mean, you got a lot of money you can use to advise some big coin.

absolutely. I bear hearing obviously rumblings as a journalist. Do you have any idea what soerine may be buying right now because that's being one one of the big rumors and has been imported on, I believe, also by coin telegraph, that those rumors exist.

You know, I would love, I would love to have this step on this and one of our journalist was uh in conversation with someone who has IT on good authority um about uh a certain uh sorer gn ation.

I wasn't told though um so unfortunately I don't have the inside stupa but and what I have been told this that there is a nation that bought a lot of bit coin and this might be what has a played all in like the last time know from nineteen to ninety k if they bore you know a few thousand I T is however I went and did that um but yes ah as far as I understand there has been another nation state that hasn't made a public yet um but uh I I can't verify the information yet and I I don't know what country IT was, but i'm i'm hugely interested in this because you know if that game theory is correct, what David baby has been talking about, some smart nations might just be front ring, you know the the bitcoin doll and just trying to get ahead of the U. S. Before they do IT.

I mean, everyone else is like shit. We need to do IT as well. So yeah, it's interesting.

Now i'll push my team to try and get some more information on IT. Um but that's what i've been hearing. And unfortunately, i'd love to say I can verify the information pretty well. But the source that a that gave us this kind of tip, uh, is very repeatable. So it's not someone random who just told me this is is someone that I he's opinion I hold very.

very highly understood.

Alex, have you guys heard any rumbling lings?

I apologies. I was doing some .

work about sovereigns that could potentially .

be buying here. Yeah I mean, it's sort of like what I said before. I don't we we have in i've heard i've heard rumors of people looking at IT.

I haven't seen like sovereign level flow up for my venders point. But um I mean, right this is getting bit during U S. Hours, almost like exclusively for the last week. So I I am pretty sure that this is mostly positioning and getting set up like what garret about Samson male saying that you know could take a long time, I think large to come in that that's probably right. But um yeah I mean, I have the theory that like effectively the whatever recall, like the nonaligned tries is right, like saudi, like sort of like countries that are sort of trying to play in between the east of the last, I think are very likely to try to do something.

Makes sense. Anybody else have any like further information on potential sober N S before we we we move on? I mean, we kind covered IT katar and guitar and sai rabia were the ones that were being sort of floated earlier in the week time and good yeah um .

you know and he has to be said, you talked about the aligned ones, but actually the sanctions countries are the ones that would be most likely to want to do this. They need to insulate himself. They need to build an insulated economy. And many of those countries are all so strategic terms of energy um and so you won't get the announcement um but you can bet your bottom dollar and most of the sanctioning countries, the country and still have infrastructure, whether that be russia or iron. Um you can guarantee that the mining and building their strategic reserves and they have been for a long time.

Yeah I think with that you I mean, russia has been pretty clear, right? So uh I I don't remember exactly with that stands. So I do remember exactly .

where russia stands right now. And y've been hash rate is hosted in russia and on november the first um they legalized a bitcoin mining um and at the moment, they're looking to create a butter exchange, a grain exchange and a new currency using distributed um ledges as well. Um and I think the currency would certainly be looking using a percentage of bitcoin backing speculation on that. But I just can't imagine why IT wouldn't happen given this strategic reserves that are being built up right now.