RECAP: WHAT HAPPENED
๐จ S&P 6,600! Bitcoin ETFs Skyrocket | Winklevoss Say BTC โ $1M ๐
Todayโs Nuggets
Huge Week for BTC ETFs
ETFs and DATs own 12.3% of BTC.
Gemini Winklevoss Twinsโฆ. โWe Going to $1Mโ
Solana Firedancer is nearly at 20%
Helium - SOL DePIN Chain has 3x the Users of ETH
Rate Cuts Coming Wednesday
AI Datacenters to 3X
How the Money Flywheel Works
This is the episode where I recap everything that happened over the week. We had so many developments. It was very exciting.
The Bitcoin monthly returns are up seven percent, and we were even higher, at eight and a half percent, until a few hours ago.
Bitcoin has experienced some minor manipulation, but it remains above $116,000. It was about 116,400 not too long ago.
The BTC ETFs quietly sucked in $2.4 billion this week, which is massive.
Per this chart, we see big take-ins by BlackRock and Fidelity and crumbs across some of the other players. It is definitely the biggest week that we have had in a very long time, which is awesome indeed.
This will trickle down to Bitcoin.
Let us look at crypto over the last seven days, as it experienced a big week.
We had Solana up 17%, and it is good to see the cream floating to the top at last. We have been very patient and never lost faith. Avalanche is up 20%. Hype is up 15%. Bitcoin up 4%. Ethereum is flat.
Even XRP is moving up, so there are still many mysteries in the crypto world.
The ETFs and digital asset treasury companies now own 12.3% of Bitcoin.
In fact, when you assume there will never be more than 15 million Bitcoin, it is above 15%, which is monstrous.
If it were not for the ETFs, we would not have Bitcoin up 80% in the last 12 months. Institutional money - just over the last year - has added 5% to its combined holdings.
We are still early when it comes to these treasuries.
The Winklevoss twins said on CNBC that we are going to $1 million.
These guys took a settlement from Mark Zuckerberg at Facebook, and threw it into Bitcoin.
They became billionaires with that decision.
They just raised another $425 million.
Gemini (GEMI), the crypto exchange, is now valued at $3.3 billion.
These guys are
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