Today’s Nuggets
New Optimism for Inauguration & Bitcoin
Flipping the Script on the SEC’s SAB 121
Intellectual Horsepower Coming to the U.S. Government
BlackRock Launches IBIT in Canada
Forget DeFi, All about DeFAI
JPMorgan Forecasts SOL and XRP ETFs Could Bring in Billions
Treasuries Trending Hard
Best Car in China Just Got Better
AMZN Bringing AWS to Mexico
The Saudi Oil Twilight
EU Energy Suicide Will Kill AI
United States Worse Economic Loss Ever
We recently had the most incredible V-shape return, with Bitcoin hitting over $97,000. This story is all about the shocking optimism out there in the markets.
If you look at the market over the last seven days, you can see everything against Bitcoin:
ETH beat it;
SOL beat it;
XRP is in the green; and
ADA did not.
Bitcoin has had a pretty good week, going up by 5%.
Many other crypto names were in the green as well.
The AltSeason index is currently in the middle of the road at exactly 49, which means Bitcoin has a slight edge.
When it comes to narratives for the year to date, you can see the store of value narrative is winning so far, up 12%, and centralized exchanges are up 10.5%.
The rest of the narratives are just about breaking even. Bitcoin so far since the beginning of the year is up 1.7% and Ethereum is down 4.5%.
Fear and Greed is now 63, up slightly from yesterday at 61.
People were
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