Today’s Nuggets
Weak Week for Bitcoin ETFs, Money Flow Below Trend
The Other Side of the Coin
Bitcoin States Escape Velocity
Wisconsin Bites the Bullet
Dubai Buys Half a Billion of IBIT
Paul Tudor Jones Doubles his Bitty Bag
Visa Giving BTC Rewards
This story is called The Day That Fiat Dies, inspired by my early 2024 theory that long-term holders (Bitcoin maxis) were moving to ETFs.
We now have proof!
We had a weak week, but the ETFs have invested $5 billion year-to-date.
My target for 2025 is at least $40 billion, so we are one-eighth of the way there and right on track.
This week was a net dump of about 2,500 Bitcoin but we had a positive day on Friday.
I said on Thursday that it is rare for Bitcoin to experience five negative days and we had a positive day thanks to BlackRock.
My content is about seeking Alpha. I do not care what form it is as long as it does not harm others.
PlanB has moved from self-custody to ETF.
I called this early in 2024 when I was studying the on-chain data. I noticed a lot of long-term holders are moving out of their positions ahead of the halving and these people know what happens after the halving. I did not know that Bitcoin ETFs are so controversial.
In my view, the ETFs are a
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