Anthony Scaramucci, founder of SkyBridge Capital, expresses optimism regarding the future demand for Bitcoin (BTC) as part of an $84 trillion wealth transfer from baby boomers to younger generations. Speaking at the Bitcoin Investor Day conference in New York City, Scaramucci highlights the generational shift in Bitcoin ownership, noting that younger investors possess more BTC compared to their older counterparts. He predicts a significant increase in demand for Bitcoin over the next decade, likening it to being absorbed into a python, resulting in a surge in demand for the digital asset.

Scaramucci emphasizes the potential for BTC to reach the $1 million mark, drawing parallels to gold’s market cap of approximately $14.5 trillion. Citing predictions from industry figures like Michael Novogratz and Cathie Wood, who envision a $1 million Bitcoin, Scaramucci underscores the potential for Bitcoin to surpass gold’s market cap, even if it trades at a fraction of these estimates. He suggests that Bitcoin’s status as digital gold aligns with its potential growth trajectory, positioning it as a lucrative asset in the years to come.

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The recent approval of Bitcoin spot Exchange-Traded Funds (ETFs) by the United States Securities and Exchange Commission (SEC) on January 10, has triggered an intense debate in the UK Bitcoin scene and caused a surge in investment activity in the country. The approval has prompted industry leaders to voice for similar measures from the UK’s Financial Conduct Authority (FCA).

UK Bitcoin Scene: A Potential Shift

Notably, the FCA had imposed a ban on the retail sale of digital asset-derivative products, including Exchange-Traded Products (ETPs) backed by bitcoin, in 2021.

However, the influx of billions into US Bitcoin ETFs underscores the growing demand for these products, potentially…

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The recent fluctuations in bitcoin prices have stirred mixed sentiments within the community. While some may perceive it as a cause for concern, others see it as a golden opportunity. As analyst Ali Martinez notes, amidst this uncertainty, a notable trend has emerged – a surge in bitcoin accumulation by savvy investors.

Related reading: Kiyosaki Says He Will Be Happy If Bitcoin Crashes

Record Inflows into Accumulation Addresses

According to recent reports, a staggering amount of bitcoin, valued at approximately $1.6 billion, flowed into accumulation addresses within a single day. This influx, the highest recorded year-to-date, signifies a significant uptick in long-term investment…

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Goldman Sachs reports a resurgence in interest in cryptocurrency-related products among its hedge fund clients, fueled by the recent approval of spot bitcoin exchange-traded funds (ETFs) in the United States. Max Minton, Asia Pacific head of digital assets at Goldman Sachs, highlights the growing activity of large clients in the crypto space, with a focus on bitcoin-related products. However, Minton notes that interest may shift towards spot ether ETFs if they receive approval in the U.S.

In addition to exploring cryptocurrency investments, Goldman Sachs is also considering investing in crypto bankruptcy claims, according to Mathew McDermott, the global head of digital assets at the firm. McDermott emphasizes the significant changes observed in the crypto market this year, citing increased supply, volumes, and price action compared to the previous year. Despite recent outflows from spot bitcoin ETFs, the overall volume of these ETFs has risen substantially, reaching a total of $164 billion as of March 22.

Bloomberg

$1M – $10M MarketCap:

1. Efforce (WOZX): 37%
2. YOUR AI (YOURAI): 25%
3. MMSS (Ordinals) (MMSS): 12%
4. Konomi Network (KONO): 11%
5. VinuChain (VC): 10%

$10M – $100M MarketCap:

1. Doland Tremp (TREMP): 94%
2. OpenLeverage (OLE): 70%
3. SLG.GAMES (SLG): 62%
4. Xend Finance (RWA): 59%
5. Defactor (FACTR): 57%

$100M – $1B MarketCap:

1. Degen (Base) (DEGEN): 64%
2. jeoBoden (BODEN): 58%
3. Goldfinch (GFI): 56%
4. Toshi (TOSHI): 48%
5. VAIOT (VAI): 28%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Renowned author and investor Robert Kiyosaki plans to purchase 10 more Bitcoins before April, highlighting the importance of the upcoming “Halving” event. Kiyosaki suggests that even those who cannot afford a whole Bitcoin should consider investing in fractions through ETFs or Satoshis, hinting at potential significant growth by year-end with a prediction of Bitcoin reaching $100,000 by September 2024. He also recommends buying silver, particularly US silver eagles, as supplies are dwindling, according to his associate Andy Schectman. Kiyosaki attributes the urgency to invest in Bitcoin and silver to the global financial instability, including the US’s massive debt, China’s failing property market, Japan’s long-term depression, Germany’s economic downturn, and the looming threat of war. Michael Saylor, a Bitcoin advocate, warns against holding fiat currency, which they refer to as “fake” money, suggesting it leads to poverty. Kiyosaki urges everyone to start acquiring gold, silver, and Bitcoin to avoid financial hardship, noting silver’s accessibility due to its lower price compared to gold and Bitcoin.

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Marathon Digital Holdings, a top player in Bitcoin (BTC) mining, sees a surge in institutional investment. Notably, institutional holdings now stand at 38.9%, with a significant 104.2 million of Marathon’s 268 million shares owned by them. Leading this wave, Vanguard boasts 23.47 million shares (8.76%), followed closely by BlackRock with 17.19 million shares (6.42%). Jane Street holds 8.47 million shares (3.16%), Morgan Stanley owns 6.27 million shares (2.34%), and State Street controls 5.42 million shares (2.02%). Collectively, these giants command 22.7% ownership in Marathon.

This growing interest comes at a pivotal time as the Bitcoin community anticipates the block subsidy halving in April—a shift expected to slash miners’ revenue by nearly half, assuming stable BTC prices. Despite potential short-term revenue impacts, the substantial stakes of these institutions reflect a bullish outlook on Bitcoin’s value and Marathon’s future. It underscores a strategic alignment with the crypto industry’s dynamics, signaling Wall Street’s increasing influence and optimism in the blockchain and digital currency space.

Data

Billy Markus, the co-founder of Dogecoin, has humorously called for Bitcoin to hit a value of $1 million per coin while he sleeps. Known for his comedic approach under the alias “Shibetoshi Nakamoto,” Markus made the lighthearted remark on social media platform X, amidst a backdrop of Bitcoin’s 11% fall from its peak of $73,737. The comment comes at a time when Bitcoin had previously surged by approximately 134% over a year, leading to profit-taking by traders. Dogecoin, created by Markus and Jackson Palmer in 2013 as a satirical response to cryptocurrency speculation, highlights the unpredictable nature of the crypto market. While Markus’s statement is seen as jest, it also hints at the growing legitimacy and potential of cryptocurrencies like Bitcoin to revolutionize finance. The whimsical target, once deemed improbable, reflects the broader acceptance and optimistic outlook for Bitcoin’s future in the global economy.

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BIGCAP COINS:

1. Bitcoin: Market Cap of $1.2 Trillion.
2. Pepe: Market Cap of $3.1 Billion.
3. Solana: Market Cap of $78.2 Billion.

MIDCAP COINS:

1. BOOK OF MEME: Market Cap of $759 Million.
2. IOTA: Market Cap of $1.0 Billion.
3. DAO Maker: Market Cap of $280 Million.

RISING COINS:

1. Destra Network: Market Cap of $113 Million.
2. Mog Coin: Market Cap of $342 Million.
3. pepeCoin: Market Cap of $597 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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