Today’s Nuggets
Premier Destination for Digital Assets
Where is the BTC Supply Coming From?
Fintech Giant Revolut Moving to Lightning
Bernstein Says Treasuries Will Buy $330 Billion in BTC
IBIT BTC ETF is Pulling in More than Gold
TBG to Go on a Shopping Spree
Strive Looking to Buy $1 Billion
It is Wednesday, and things are on fire!
I have been talking about treasuries for a long time, and many people ask me questions. This story will center around the price impact of treasures from a study by Bernstein.
We will try to break down all the details related to BTC treasuries today in great detail. We will also try to determine the probabilities around the strategic Bitcoin reserve from the U.S. government, its impact on Bitcoin, and all the ancillary players around it. I am trying to build the connective tissue around all the moving parts we see here, and it is pretty incredible.
Let us dig into it!
These are the lines of how long it has been since Bitcoin hit the all-time high in history.
It has been 141 days since we have seen an all-time high.
What will happen next? According to Axel, it has been 141 days since we have been at an all-time high of around $109,000 for Bitcoin.
Based on the average number of days it historically takes to reach a new all-time high, which is 211 days, we are no more than 70 days away from hitting a new one if the historic pattern holds. However, Axel and I believe the next all-time high will be reached much sooner than that.
Shout out to Scott Bessent, the Treasury Secretary of the United States, who is considered to be the banker of the United States.
It is mind-blowing how
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