"There’s only one thing we’re talking about today, and that’s Bitcoin’s all-time high." — Matt
🇸🇻 El Salvador’s Bitcoin Stash Tops $760M as BTC Breaks Above $122K
🏛️ U.S. Economy Hits ‘Goldilocks’ Equilibrium as Bitcoin Blasts Past $121K
📊 XRP Price Spike Outpaces Bitcoin as Open Interest Hits 6-Month High
🚀 XRP, Solana, and Dogecoin Surge Alongside Bitcoin’s New All-Time High
📉 Trader Cobb & Market Training via The Grow Me Co
Bitcoin smashed through $123,000 overnight, setting a new all-time high and sparking fresh optimism throughout the crypto space. This wasn’t just a Bitcoin story—it was a macro moment. El Salvador’s Bitcoin treasury now tops $760 million, tripling its average cost basis around $42,000. Bukele holds over 6,200 BTC and is, understandably, doing a victory lap.
I’ve been saying for days that $125K is the real wall. We blew through $120K without a second thought—it didn’t even register as psychological resistance. But $125K is where I expect the real test. If we break that, we’re in uncharted waters again. What’s fueling this? Analysts are calling it a “Goldilocks” market—strong U.S. economic growth without runaway inflation, plus $3.4 billion flowing into Bitcoin ETFs just this month. I still don’t know why we’d cut interest rates in this environment. Everything’s booming. Why touch it?
Craig Cobb's Market Breakdown: Triple Timeframe Bullish
"Bitcoin is back, baby. We’re in a bull market pushing to all-time highs." — Craig Cobb
Craig Cobb joined the show after a week off from Discord, and his return couldn’t have come at a better time. While he was out being a top-tier dad, his Discord community was racking up trades—65-to-1 on HYPER, and some even hitting 100-to-1. These aren’t cherry-picked wins either. It’s been green across the board.
Craig laid out the technicals beautifully. Bitcoin is trending up across the monthly, weekly, and daily timeframes. That’s the holy trinity of trend strength. The breakout came from his cradle zone setup—one of his go-to strategies—and it’s working exactly as hoped.
Total crypto market cap also hit an all-time high. Bitcoin’s still dominating at 64.6%, but altcoins are starting to stir. “Total 2” just flipped bullish, which means everything except Bitcoin is joining the party. Craig’s been tracking higher lows and breakouts on X and Facebook, and we’re seeing them materialize. Ethereum’s back over $3K, and alts like Cardano, XYO, and Stellar are sprinting.
He reminded everyone: “Don’t get greedy. Bank profits on the way up.”
DeFi Gets a Temporary Win on 1098 Enforcement
"This is kind of like having a taillight out. Even if they’re not pulling you over, the law’s still there." — Matt
One of the biggest stories that flew under the radar was the Treasury’s decision not to enforce the 1098 crypto reporting rules. These would’ve required DeFi protocols, validators, and even some wallets to KYC their users—essentially treating open-source software like financial institutions.
This is a massive win for privacy and decentralization, but let’s be real—the law still exists. They just don’t want to enforce it yet. That’s a dangerous place to be. Selective enforcement is how you kill innovation without having to repeal laws.
For now, though, we get to build. We get to transact freely. And that’s worth celebrating.
Elon, the America Party, and the Third-Party Fantasy
"Financially it’s possible. But politically? It’s a death wish." — Matt
Matt McGhee wrote in to ask if I’d ever consider running with the America Party—possibly backed by Elon Musk. Honestly? I love a lot of what that could stand for. Elon could fund an entire political movement using just the interest off a portion of his net worth. That’s insane.
If he wanted to, he could max out every Senate, House, and even local race, and still fund a presidential run. But here’s the issue: I don’t think he’s committed. He already complained about dropping $250 million on a presidential campaign—and that’s lunch money for him.
The bigger issue is strategy. Third parties don’t win. They never have. What Trump did with MAGA, and what Obama did with the Democratic Party—that is how you take over a political machine. You work from the inside and move the center of gravity. That’s what I believe in. If there’s a future for a new movement, it has to be smart, disciplined, and fully resourced. Otherwise it’s just noise.
Listener Questions
1. Phil on 1098s & XRP Fanatics
Phil wrote in to say that the pause in 1098 enforcement is “the best news” he’s heard. He’s been focused on financial privacy for four decades, and while he gets why the government wants access, he’s not letting go of that principle. He also said he’s been DCAing into XRP since just before the election—but added that the “XRP barmy army” has been unbearable lately with their sky-high price predictions.
I get it. There’s a lot of noise out there.
2. Dave K on Crypto Wallets & Seed Phrases
Dave asked for a breakdown of how wallets, keys, and seed phrases work. H
💾 Your crypto is never actually “on” your wallet. It lives out in the open on the blockchain, which is like a giant public spreadsheet that everyone can see but only you can control your part of—if you have the keys.
🔐 Those keys? That’s what your wallet is really for. It stores your private key, which is basically your super-secret password that proves you own the crypto sitting on the blockchain.
🎒 A cold wallet (like a USB drive or hardware wallet) is just a secure, offline place to store that private key—so hackers can’t get to it.
🧠 The seed phrase—those 12 or 24 words you’re told to write down and never lose—is like a reset button. Lose your cold wallet? No big deal if you still have your seed phrase. You can use it to recreate the wallet and get your crypto back.
So:
❌ Your wallet doesn’t “hold” crypto
✅ It holds the keys to access your crypto on the blockchain
🔑 Lose your wallet but still have the seed phrase? You’re good
💀 Lose your seed phrase? You’re not good
3. Trey on Roth IRAs (from earlier)
Trey, age 17, asked about opening a Roth IRA. First of all, mad respect. At 17, I wasn’t thinking about Roth IRAs—I was trying to find someone to buy me beer.
If you’re under 18, you’ll need your parents to set up a custodial Roth IRA for you. But just asking the question puts you ahead of 95% of people your age.
My Take
I’ve been saying all week that $125K is the line to watch. We ripped through $120K like it was nothing, and now we’re testing that next wall. If we break $125K, things could accelerate in a major way. The ETF flows, the macro environment, the lack of inflation—it’s all pointing in the right direction.
The 1098 pause is a gift. But don’t be fooled—it’s not gone. It’s just sitting there, waiting to be enforced. This is why we keep fighting for open tools and privacy.
And about the America Party—look, I’m open-minded. But the strategy has to be airtight. You need funding, leadership, and a clear message. If Elon wants to play kingmaker, he needs to commit and step back. That’s a big “if.”
Crypto Prices
As of 8:50 AM EST | Fear & Greed Index: 70 (Greedy)
Bitcoin (BTC) – $121,800 (↑ 3% 24h, ↑ 12.3% 7d)
Market Cap: $2.39 trillion
Ethereum (ETH) – $3,036 (↑ 1.8% 24h, ↑ 20% 7d)
Market Cap: $366.1 billion
XRP – $2.94 (↑ 5% 24h, ↑ 30% 7d)
BNB – $703 (↑ 1.7% 24h, ↑ 6.3% 7d)
Solana (SOL) – $166 (↑ 2.6% 24h)
Cardano (ADA) – $0.743 (↑ 1.3% 24h, ↑ 29% 7d)
Dogecoin (DOGE) – $0.204 (↑ 2.2% 24h)
Tron (TRX) – $0.301 (↓ 0.4% 24h)
Stellar (XLM) – $0.343 (↑ 100% 7d)
Hedera (HBAR) – $0.205 (↑ 52% 7d)
SUI – Up 37% in the last 7 days
XYO – Up 31% in 24h, 40% in 7d
Total Market Cap: $3.69 trillion
Summary
Bitcoin’s running wild. The altcoins are following. Regulation took a breather. And macro conditions look better than they have in years. But don’t let euphoria blind you—there will be pullbacks, and the regulators haven’t gone away. Still, the momentum is real. We’re entering a new phase of the cycle.
Happy HODLing, everyone.
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