BlackRock-

June, July 2024 and February 2025. How about the other months?

Your source of income is from working, saving, or where. You are managing well.

Yesterday there was a debate about Bitcoin vs. Yellow.

Bitcoin team: Erik Voorhees (Shapeshift), Anthony Saramucci (Skybridge Capital).

Yellow Team: Peter Schiff, Dr. Nouriel Roubini.

This is the third time Erik Voorhees has debated Peter Schiff.

First time December 2013:
- BTC = $700
- Gold = $1253

2nd July 2018:
- BTC = $6500
- Gold = $1250

3rd May 2024:
- BTC = $63K
- Gold = $2300

The Bitcoin network just processed its billionth transaction, after 15 years of operation. On average, the Bitcoin network processes about 178,475 transactions per day. Lightning Network transactions are not included.

If anyone asks what value Bitcoin brings, this is one of the values ​​that Bitcoin provides to the market.

SEC says it is preparing to sue Robinhood over the cryptocurrencies on the exchange that are unregistered securities... Robinhood shares increased 1%

Isn't it paradoxical?

The US government is paying out $2 million in interest every minute as interest rates remain high

The U.S. government is on track to pay more than $1 trillion in interest this year.

How long can the Fed keep interest rates high?

Bitcoin Spot ETF 🇺🇸 Update - Today

Fidelity (FBTC) BUY 99.2 million USD
ARK (ARKB) BUY 75.6 million USD
BlackRock (IBIT) BUY 21.6 million
Invesco (BTCO) BUY $11 million
Grayscale (GBTC) BUY $4 million
Bitwise (BITB) BUY 2.1 million USD
Franklin (EZBC) BUY 1.8 million USD
VanEck (HODL) BUY 1.8 million USD
Valkyrie (BRRR) $0
———————————
Preliminary statistics today (positive) +217.1 million USD

President Biden proposes the highest tax rate (44.6%) on investment income, which is the highest tax rate since the investment tax was established in 1922.

This is just a proposal, not yet a law, and only applies to short-term investment income (held less than 1 year) and only applies to high earners, those with income over $400K dollars each year.

A "Buy Bitcoin" banner inserted into a photo of Janet Yellen during a 2017 congressional hearing just sold at auction for 16 BTC (more than 1 million USD).

Bitcoin ETF Flow Today - FINAL

(negative) -120 million USD

All of them 🔴
Stock 🇺🇸, gold, oil, BTC

There is no new news, there are still worries about high interest rates leading to recession and worries about the political situation in the Middle East.

The International Monetary Fund (IMF) has warned that the United States and China could face huge fiscal deficits that have fueled inflation and created significant risks to the global economy. .

United States 🇺🇸 expected to record a fiscal deficit of 7.1% in 2025

China 🇨🇳 is expected to record a deficit of 7.6% in 2025

Bank of America said there is a risk that the Fed will not cut interest rates until March 2025, although it currently still expects a rate cut in December.

All markets are red today, including stocks, gold, oil and cryptocurrencies, with many more worried about the Fed not cutting interest rates in time and causing a recession than political tensions in the Middle East.

At least this is the story being spread now, short term market reaction is driven by stories, long term by supply and demand.

JP Morgan canceled its recession forecast and now assesses that there is a 55% chance that the global economy will have a soft landing.

Bitcoin ETF Cash Flow UPDATE - FINAL:

(negative) -165 million USD
#btc

🚨🚨🚨

The number of people searching for the word Bitcoin Halving has set a new record since 2020.

There is just over 1 day left for the event to take place.
Bitcoin Halving
▓▓▓▓▓▓▓▓▓▓▓▓▓ 99.9%
#btc

The market needs a correction like this.
$BTC off 5.66%

$ETH 8.85% off
Details in attached image.
#btc

PRESIDENT BIDEN 🇺🇸 SAID THAT THE FED'S INTEREST RATE CUT COULD BE DELAYED A MONTH OR LONGER, BUT THERE WILL BE A RATE CUT BEFORE THE END OF THE YEAR, INFLATION HAS DECREASED FROM 9% TO 3% ALREADY.
#btc

Bitcoin 70K! not only recovered after the CPI news but also increased

Gold has also recovered after falling this morning

US stocks still ended in the red, DOW fell more than 400 points.

Why? Because people see Bitcoin as electronic gold, an asset that stores value.
#btc

We know of two more financial advisory firms investing in the Bitcoin Spot ETF

- Signal Advisors, a startup that owns 20,571 shares of the BlackRock iShares Bitcoin Trust (IBIT).

- Wedmont Private Capital owns 3,471 shares of Fidelity Bitcoin ETF (FBTC).