The ‘Wait For The Fed’ Strategy

Hayes explained his timing on the Coin Stories podcast. “If I had $1 to invest right now, would I be putting it into Bitcoin? No. I would wait,” Hayes said. 

“I think that the longer that this conflict goes on, the higher the likelihood that the Fed has to print money to support the American war machine. And that’s when I’m going to buy Bitcoin when the central banks start printing money,” he added.

Hayes distinguished between war itself and the monetary response. War isn’t inherently bullish for Bitcoin. Rather, wars force governments to print money to fund military operations, and that money printing drives Bitcoin higher. 

Trying to buy…

Read more on Benzinga

The Store-of-Value Market Growth

The current store-of-value market stands at just under $38 trillion: $36 trillion for gold and $1.4 trillion for Bitcoin. 

On this basis, Bitcoin currently represents just under 4% of the market.

The mistake most people make is assuming the store-of-value market is static, the report states.

Gold’s market cap was about $2.5 trillion when the first gold ETF launched in 2004. It has grown to almost $40 trillion, a compound annual growth rate of 13% per year.

If this 13% growth rate continues, the global store-of-value market will reach approximately $121 trillion in 10 years. 

At that level, Bitcoin only needs to capture 17% of the market to reach $1 million…

Read more on Benzinga

Bitcoin has dropped below $70,000 despite positive ETF inflows as liquidations stand at $221.72 million over the past 24 hours.  

Bitcoin ETFs saw $250.9 million in net inflows on Tuesday, while Ethereum ETFs reported $12.6 million in net inflows.  

The meme coin sector is up 0.4% over the past 24 hours to $31.2 billion.

Trader Commentary:             

Degen Hardy explained that Bitcoin previously consolidated for about 69 days in a bear flag before breaking down. The market now appears to be forming a second bear flag, but the current consolidation has lasted only 33 days so far.

According to Hardy, the pattern suggests the market may still need more time to develop, and…

Read more on Benzinga

Sen. Angela Alsobrooks (D-Md.) called for a compromise on the issue of stablecoin rewards on Tuesday, emphasizing that perfect should not be the “enemy” of the good.

No Concessions On Interest On Idle Balance

Speaking at the American Banking Association Summit, Alsobrooks expressed firm support for the banking industry and pledged to take necessary steps to prevent “deposit flight” from these institutions.

“It’s really important that we do not allow payment on a [stablecoin] balance that would cause deposit flight.” Alsobrooks, also a member of the Senate Banking Committee, stated. “So, making sure that we are not allowing bank-like products without bank-like protections.”

A… Read more on Benzinga

What’s Impacting DOGE?

Dogecoin surged over 4% in the past week, ranking among the top large-cap cryptocurrencies in this period. Bitcoin and Ethereum trailed DOGE, as shown below.

Additionally, Elon Musk confirmed that X Money, the hotly awaited payments service for his social media company X, will begin early public access next month.

And while Musk made no mention of Dogecoin—which he’s hyped in the past—the memecoin still surged on the announcement.

Dogecoin’s official X account, meanwhile, emphasized that the cryptocurrency is no longer just a speculative asset, stating, “Doges chase frisbees, not hype.”

Photo Courtesy: Akif CUBUK on Shutterstock.com

Market News and Data… Read more on Benzinga

Transaction Sparks Intrigue

In an X post, Arkham highlighted that a wallet tied to Winklevoss Capital, the family office of the Winklevoss twins, sent 1,750 BTC, worth $121 million as of this writing, to Gemini hot wallets, “presumably for selling.”

The wallet still holds 8,757 BTC, worth $751.86 million, with unrealized profit of $1.8 billion on the holdings.

Benzinga reached out to Gemini for a comment, but has yet to hear back.

Generous Donors Of Bitcoin

The twins also donated Bitcoin worth $21 million last year to a political action committee supporting Trump’s vision of making the U.S. the “world’s cryptocurrency capital.”

Tyler and Cameron have an estimated net worth of $2.7…

Read more on Benzinga

Over A Century To Go

Armstrong took note of the feat, pointing out that only 1 million BTC remain to be mined, which would take over 100 years.

“Decentralized, inflation-proof, global money,” Coinbase’s top executive heaped praise on the $1 trillion-plus asset.

Armstrong, one of Bitcoin’s most vocal advocates, predicted it would hit $1 million by 2030.

Bitcoin’s Tokenomics To Work In Its Favor?

Armstrong’s remarks come after the 20 millionth bitcoin entered into circulation via block 940,073, as highlighted by Jameson Lopp, Chief Security Officer at self-custody platform firm Casa

The fixed limit was embedded in Bitcoin’s design by its pseudonymous creator, Satoshi Nakamoto, in…

Read more on Benzinga