Today’s Nuggets
June is Key
Bitcoin Coiling Up
Bitcoin is at 3% Adoption
Blackrock IBIT Smokes their IVV
Billionaire Bitcoin Bank
Legacy Banks are Concerned
Impact of IRS Snooping
Average Cost to Mine
It is the 3rd of July, and tomorrow is a U.S. holiday.
Stock markets are closed, and you know that this means everybody goes to trade crypto. Bitcoin is $70 away from $110,000, and this story is called Adoption Meets Ascent. It may seem like a title that does not quite make sense at first, but it will shortly, I promise you.
We will look at some six-month returns after this point in time. We will look at some charts and how I believe Bitcoin is coiling like a spring. We will cover how early we are, and some price predictions, alongside how Gen Z and Millennials are tired of traditional banks, as well as how billionaires are setting up a new Bitcoin bank.
The stock market just closed because there is a big holiday in the U.S. tomorrow.
However, this is just a bit of history because I love financial history. According to Goldman, today is historically the best day of the year for stocks.
You would not believe that if you looked at the stock market today, but some things are up. Things were not exactly roasting hot on the market side, but it has been an interesting day.
This chart from Bitcoin News, which I found interesting to analyze, shows the actual differences going back to June 2020.
Typically, June is weak, but July is strong. The second half of the year is off
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