Today’s Nuggets
Bitcoin ETFs Hit Massive Reversal
Why Choose Bitcoin Over Bonds?
Who Declared Crypto a National Security Issue?
Recapping the Bitcoin 5-Day Round Trip
Peter Brandt’s “Trade of a Lifetime” Prediction
It has been a crazy five days!
People are still nervous, so let us review what happened this week.
A ton of shocks happened over the last five days, combined with the biggest BTC ETF reversal we have seen since launch.
Crypto Market Update:
The global crypto market cap has rebounded to nearly $2.4 trillion, with a 24-hour volume of $63 billion.
The price of Bitcoin is around $64,000.
The Crypto Fear & Greed Index is currently Greed at 67, which rebounded just like everything else.
As a reminder for those interested in Bitcoin-only content then, the playlist can be found here:
https://www.youtube.com/playlist?list=PLWTRLGkkf1kTTbIDdv-P6ykul7a8iUXYf
*Some browsers do not show their YouTube playlists, so make sure you are using the Chrome browser.
This is a very interesting set of observations.
The Block is allocating 10% of profits to BTC.
MicroStrategy continues its financial jiu-jitsu to stack Bitcoin hard.
Two of the biggest money runners on earth - BlackRock and Fidelity - are now ETF issuers with nearly $18T in assets under management.
Tether is allocating 5% of its profits to BTC, which is approximately $5B per year.
El Salvador is the largest nation-state that is publicly stacking BTC.
Hong Kong and Mr. 100 are buying now - everybody is buying!
450 BTC are issued per day, making this extremely scarce.
The big question is,
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