Today’s Nuggets
BTC Billionaire Wallets Waking UP
ATH LTH Supply 14.7M BTC
Institutions Hedging for Downside
Bo Hines: Crypto Market Cap will 5-7x after the Genius Act
BTC to $170K based on M2
Solana Destroys Competition in RWA
Circle Mints $5.5 Billion in 12 Weeks on SOL
New Jobs All in Healthcare and Government
Intelligence Unmatched is Here
The SpaceX Rules of Life
This is Friday Fire on the 4th of July.
What does the market have in store for us? That is the trillion-dollar question, or should we say, the multi-trillion-dollar question.
Lots of weird stuff is happening, and this is where we touch on all the controversial topics of the week.
First of all, happy 4th of July!
This is a Made in America truck with a black wrap and some flags. For the Americans here and the veterans, happy 4th!
Many people are freaking out right now because some billionaire wallets are waking up on the move.
I believe they have been dormant for about 14 years, and they all activated within two hours. This is a lot of Bitcoin, and the question is, is it one person or many people or people selling right now? Who knows?
But there are theories…
Some believe that it is all the same person, and it appears to be so because they all activated at the same time and are approximately the same age.
This is approximately 80,000 Bitcoin, valued at around $8.8 billion. Many people believe it is Roger Ver. We will see…
That is interesting. This stuff happens all the time, as there are many very old wallets. Sometimes people get nervous when they activate things. They think it is the end of Bitcoin. No, it is not. Not at all.
The Bitcoin price is a bit weak today, down to $107,600, and it did hit $109,800 earlier.
Long-term holder supply hit a new record last week and hit another new one now.
14.7 million Bitcoins are now in the long-term holder supply. I believe much of this will grow over time because 5 million Bitcoin are lost. More is being socked away by players like MicroStrategy and other Bitcoin treasury companies.
Many do not have any intention to sell. Of course, the ETFs are all sucking up a huge amount. In fact, I calculate the combination of MicroStrategy and BlackRock have sucked in
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