NUGGETS OF ALPHA
Fidelity is beating BlackRock in terms of growth of its BTC ETF
Bitcoin hits a new sustainable energy high of 54.5% renewables
The China money printer has added nearly a trillion dollars since August
India overtook the Hong Kong Stock Exchange as the fourth-largest in the world
Shipping container rates will be a significant driver of inflation this year
Crypto is alive and well per this last 13 weeks' perspective:
The crypto market was about $1.6T versus $1.3T.
The users are at 6.3M versus 5.6M active user addresses.
The transactions are up to 50M versus 40M.
This last week has been ugly:
SOL -6%
ETH -5.5%
AVAX -12%
NEAR, OPT, SEI, and ARB are even worse
In dollar terms, it is red across the board:
BTC -8%
ETH -13%
This is why people are so upset. However, there is a silver lining to all of this…
We are now only 85 days away from the Bitcoin halving, which is a very short window of time. Price will go up between now and then, it is written in the on chain data.
Everybody thinks that since Bitcoin went down, the spot ETF launch was a complete failure. Whoever hates crypto and Bitcoin is dancing on the grave. If you are in this space, a 20% dip in a bull market is actually
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