Today’s Nuggets
BTC Adoption Show Price Hitting $1M
Why Cathie Wood Sees Bitcoin Soaring
Dubai Rumors
BlackRock Buys $741M
iShares ETF AUM of Gold vs. Bitcoin
Bitcoin Tops Social Sentiment
Metaplanet Wins the Year
The markets are a bit rattled and we are witnessing the great liquidation hunt.
Bitcoin has fallen from $106,000 to $100,700, losing over $5,000 in hours but that is how this game works.
Do not be shaken out. Do not get rattled. This is just the nature of the business that we are in.
This is all triggered by the Fed, which is weird. It always cracks me up to see how much of an impact the Fed has on markets. The Fed starts talking a bit hawkish like we will cut rates less in 2025 and the market freaks out. Then, the market makers jump on and take this opportunity to exacerbate the fear.
The crypto market cap is $3.64 trillion, which is still high. Bitcoin is just above $101,500 but there is not a lot of selling happening by long-term holders.
The Fear and Greed is at 81.
The Fed cut rates by 25 basis points.
Normally, after that happens, the markets react positively. The Fed was hawkish as they said there would be fewer rate cuts in 2025 and the market had a huge over-reaction.
This is a study from two analysts who believe Bitcoin could hit a million dollars by 2027 using a new adoption pricing model.
I am a big believer in
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