Any cigar enthusiast must know the Churchill cigar, and they must know that its name comes from the legendary British Prime Minister Winston Churchill. Churchill's love for this cigar can easily be found in historical photographs. However, what many may not know is that it was originally not called Churchill, but rather Clemenceau, named after the former French leader Georges Clemenceau. Back in 1946, after the victory of World War II, Mr. Churchill visited Cuba with his family and made sure to stop by his favorite Romeo y Julieta cigar factory. During his visit, Churchill asked what this seven-inch long cigar was called. The owner of Romeo y Julieta was a clever man, knowing that Churchill was asking a question he already knew the answer to, and replied: From today on, it shall be called Churchill. Upon hearing this, Churchill laughed heartily: 'Cuba will always be on my lips.' From then on, the world had the Churchill cigar.
U.S. spot bitcoin exchange-traded funds attracted nearly $2.4 billion in net inflows in the six days ending Oct. 18, according to data compiled by Bloomberg, partly on bets that U.S. cryptocurrency rules will become friendlier after the Nov. 5 presidential election. Republican candidate Trump has publicly supported cryptocurrencies, so much so that bitcoin is seen as a so-called Trump trade. Democratic rival Vice President Kamala Harris has vowed to support a regulatory framework for the industry. This is in stark contrast to the crackdown on the industry during the Biden administration. David Lawant, head of research at cryptocurrency prime broker FalconX, believes that two key market trends are the election and the global macroeconomic environment. "The bitcoin options market shows that forward implied volatility is mainly concentrated around the election day, while it is slightly subdued in the period before and after the election," he wrote in a report.
Bitcoin rebounded nearly 10% in the week ending Sunday, the best weekly performance for cryptocurrencies in more than a month. Bitcoin hit a record high of $73,798 in March due to demand from exchange-traded funds.
JPMorgan analysts have shifted to a bullish outlook on the crypto market for 2025, according to their Alternative Investments Outlook and Strategy report released Friday. They cite factors like the "debasement trade," where investors favor gold and BTC amid economic instability, and the potential regulatory boost from a Trump victory. Key events like the approval of spot BTC ETFs and the resolution of major bankruptcies are seen as clearing the way for growth. Pending U.S. stablecoin regulations could also influence market dynamics significantly. #BTC突破6W8 $BTC #摩根大通 Source: The Block