00:00 Speaker a
Bitcoin is expected to end the first quarter of the red. Currently, it has dropped by around 7% in 2025 so far. Cryptocurrencies have lowered their all-time highs seen since Trump’s victory in November. Our next guest said that the callbacks we've seen so far are not atypical. Discussing here is Chris Kline, CEO and co-founder of Bitcoin IRA. Glad you were back in the studio with us, Chris. Yes, just give us some context for what happened in Bitcoin. Maybe it's not atypical, maybe it will clarify something that's net affirmative.
00:37 Chris Kline
Yes, absolutely. So, well, obviously, there are a lot of short-term or near-term volatility in all markets. Well, Bitcoin goes through its loop. This is what we expect, and the summit later this year is about 450 to 550 days after the event that took place last April, well, that's what people expect from Bitcoin between $150 and $200,000. Well, but the last piece does illustrate this retirement crisis we have in the United States. In 2033, it almost means you and me, I just turned 40 last Friday and if the funds run out, we may not see any social security in our lives.
01:14 Speaker a
Wow. Happy birthday to you. So now it’s into what the next four quarters is set up, especially knowing that this is how the government is running now from a regulatory perspective, not just from a regulatory perspective, but more conducive to cryptocurrencies, but also building strategic reserves and potential purchases. And, buying doesn’t seem to be the way to build a reservation.
01:45 Chris Kline
Well, it has to be network neutral. This is part of the decision that emerges in it. But, besides the United States, you will see other countries and sovereign states appear. Qatar announced last week that they are planning to put their reserves together, while U.S. states, Arizona and Texas first said we will put some of them into a balanced budget, or help balance our budget. Take a book out of what you did in Michael Sailor Books and MicroStrategy. But it's a year when we're really speeding up legitimacy. Therefore, Bitcoin has been persisting until now in three different management departments. Our platform has gone through two and you are watching it, and it comes from Pro-Crypto's Anti-Crypto. It shows that this is a train on a track that is moving towards scarcity and store value, well, this really can't stop.
02:49 Speaker a
So, with all this in mind, how do this sets price action for other cryptocurrencies? Because this is a bigger consideration around what this means, if the tide rises will boost all ships, other altcoins, and even the world's Ethereum.
03:12 Chris Kline
Absolutely. So, well, most people are talking about Post, uh, Bitcoin’s peak this ALT season. People will profit from Bitcoin and put it in place. Last week, well, XRP, uh, dismissed their case, and there has been a big change in the SEC. That's what I said, I feel like I've been lightening from lead weight, uh, the market and many of our platforms, uh, users are very excited about it. Well, it's also interesting that even in these short-term distortions, even in just four months since the election, customers on our platform celebrated median gains of 50 to 55% on our platform, while on short or retention time on their platform.
04:05 Speaker a
One of the other businesses you have has been integrated with President Donald Trump in World Liberty and is currently crossing the stable coin. What is the broader cryptocurrency landscape of what is the perception of driving more stable coins with some existing cryptocurrencies that drive some market leaders?
04:33 Chris Kline
This is a good question. Actually, this made me know my school building rock tendency. It's like the connection between the cryptocurrency market and the traditional Fiat market. Well, the stable coins have been used as this bridge between the two. Well, obviously sometimes like Luna, back in 2023, well, like any other currency, there are serious problems with nails on nails. Well, but this regulatory guidance and clarity we get from this new administration, I think we will see, um, a lot of positive impacts, and the stablecoins that have happened in the past have happened in a lot of, uh, bad actors and unethical activities. But they are part of the overall ecosystem.
05:17 Speaker a
What does this mean for basic technologies and blockchain? Whether it has achieved more acceptance, even not only a point of acceptance, but also a point of utilization of all different measurements outside of finance and industry, and financial services are also regarded as the earliest benefactor of basic technology.
05:39 Chris Kline
Absolutely. I think it's more than just a buzzword. I remember when we started in 2016 and then when we were 18, it was all about IBM, these groups are a blockchain-friendly company.
05:52 Speaker a
Changdao, Changdao Ice Tea changed its name to Changdao Blockchain.
05:58 Chris Kline
Exactly. They still keep prices down.
06:02 Speaker a
They did it. Yes. But, I mean, it indicates a technological shift in many companies.
06:08 Chris Kline
Yes. AI has become the new buzzword. I was excited to have a Bitcoin conference in Las Vegas in May. I'm so glad to go and just spend time on the floor and see what kind of projects people are working on. Well, there have been these waves in blockchain technology. Well, I think we'll use it with the federal and state governments to conduct further insights on auditing the Federal Reserve, or um auditing tax in and out, as well as spending and spending. So it should have been a very exciting year as we see these things speed up.
06:44 Speaker a
Well, there is now an ETF conference in Las Vegas. There may be several other meetings this year. It seems like this is the new Mecca for all of this.
06:52 Chris Kline
Yes. We were in Nashville last year and well, that was great. Uh, but Las Vegas is closer to me to Los Angeles.
07:00 Speaker a
I know you are. Oh, very good. Shorter flight. Thank you very much, Chris.
07:03 Chris Kline
Thank you for having me.
