33: From White Paper to Winner
31 October 2024
Bitcoin's sweet 16 has never looked better. This week, I'll unpack the hard data behind the new wave of adoption that's transforming magic internet money into mainstream reality.
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- BTC ETFs Record Massive $870 Million Inflows
- BTC price risks new ‘FOMO’ top as Bitcoin ETF inflows near $1B daily
- Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto’s BTC holdings by year-end
- IBIT took in more $$$ today than all but 7 of the 590+ ETFs launched in 2024 have taken in all year
- The market is getting even more concentrated
- Microsoft to vote for or against “Assessment of Investing in Bitcoin” during shareholder meeting in December
- CNBC reports on the soaring national deficit’s role in the election, noting that “neither politicians nor the public seem to care.”
- The US Treasury expects to drain $186 billion this quarter from its general account plus borrow $546 billion, and then borrow $823 billion in the first quarter of 2025. That’s $1.6 trillion of overdraft spending in the next 6 months.
- The Case for Bitcoin as a Reserve Asset
- This is a very bullish setup for bitcoin into the election, says VanEck’s Matthew Sigel - YouTube
- New FinCEN Alert Shows Cash, Smuggling Preferred Method For Hezbollah Financing
- Stephen Mollah Q&A - YouTube
- Macroeconomist claims to be Satoshi, creator of ChatGPT, and Twitter logo designer
- US Treasury says stablecoin growth is increasing demand for T-bills
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