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It’s 2024. Donald Trump has just clinched the election again, Bitcoin’s hit a new all-time high, inflation’s running hotter than the DeLorean’s flux capacitor, and everyone’s wondering, “What’s next?” As we all wrestle with the wild pace of history, there’s a flash in the sky, a crackle of lightning, and who should appear but Doc Brown himself. He hops out of the DeLorean, eyes wild and hair wilder, and says, “Forget…
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You may be experiencing some déjà vu. But for the Fed, 2024 is very different from 2016.
While our president-elect and his ambitious economic plans (tax cuts, tariffs, stricter immigration policies) are the same today as they were eight years ago, the economy is in a vastly different place. Last week’s election results may have come too late for committee members to consider them in their interest rate decision, but there is still one more meeting before the end of the year.
Back in December 2016 (roughly six weeks after Donald Trump was elected for his first term), the FOMC,…
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This morning MARA, the largest publicly-traded Bitcoin mining company, shared that it will be rolling out three new data centers in the U.S.
Would it have made such an announcement had Harris won the election? Probably. (It’s not like they whisked up these data centers overnight.)
But would they have made the announcement with such gusto, highlighting the fact that the bitcoin the company mines will be “Made In USA”? Probably not.
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With the 2024 election all but final, it’s clear Donald Trump, the soon-to-be 47th President of the United States, will be the most pro-Bitcoin leader in U.S. history The big question remains, however: How effective will he be in operationalizing his strategy?
At Bitcoin 2024, Trump – as well as Robert F. Kennedy Jr. and Republican Senator Cynthia Lummis – made clear…
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This weekend, I went back to college…in the sense that I traveled up north to the Midwest Blockchain Conference, which was held on the University of Michigan’s campus.
I was the lone reporter on site, which meant I had unfettered access to eager crypto-native college students looking to learn more about the industry and tech. I also got to connect with the speakers and workshop leaders guiding them along the way.
Students from universities including the University of Kansas, Vanderbilt and the University of Illinois, among others, gathered in Ann Arbor. The vibes were pretty positive, with a lot of chatter about what’s next for crypto given last week’s election…
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Soak it all in, SOL holders.
Donald Trump’s victory in the US presidential election ignited a crypto market rally. SOL reached a nearly three-year high Monday morning, crossing the $220 mark for the first time since early December 2021. The asset’s market capitalization also set a new record, crossing $104 billion for the first time, according to CoinGecko data.
Solana’s chief rival ETH has been an even bigger beneficiary of the election pump, rising some 26% since Trump declared victory in the wee hours of the morning on Wednesday, compared to an 18% jump for SOL. Bitcoin is up…
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Just as I called it a few weeks ago, the election was too big to rig. I said the outcome of the election would dictate when we see a new Bitcoin all-time high. My argument was that if Trump won, we would see Bitcoin rise to a six figure price and if Kamala won, BTC would have dumped hard.
But thankfully, pro-Bitcoin Donald Trump swept the election, winning all swing states and the popular vote. His anti-Bitcoin opponent lost in…
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Bitcoin hits unprecedented highs above $80,000, spurred by Donald Trump’s recent electoral victory. Analysts at Bernstein recommend immediate investment in the crypto market, forecasting a highly favorable regulatory climate. The firm’s analysts, led by Gautam Chhugani, declare, “Welcome to the crypto bull market — buy everything you can,” stressing the reversal of previous regulatory apprehensions.
Trump’s administration is expected to foster a crypto-friendly environment with new SEC leadership, advocating for significant crypto policies, including a national bitcoin reserve. Bernstein highlights the broader acceptance of bitcoin as a corporate and government asset. Moreover, Trump’s team, including pro-crypto figures like JD Vance and coalition allies, support substantial industry investment, evidenced by recent heavy inflows into bitcoin ETFs.
The firm remains bullish with a $200,000 bitcoin price target by 2025. Current trading shows bitcoin at $82,054, reflecting a 94% rise year-to-date. With such momentum, Bernstein advises wide-ranging crypto investments, from ETFs to direct digital assets, signaling robust growth prospects for the industry.
On November 11, 2024, the daily net flow for U.S. Bitcoin ETFs recorded a significant overall inflow, indicating positive investor sentiment. BlackRock’s Bitcoin ETF (Ticker: IBIT) led the day with an impressive gain of 2,684 BTC, while Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw a healthy increase of 437 BTC.
Other ETFs also experienced net inflows. Bitwise’s Bitcoin ETF (Ticker: BITB) added 300 BTC, Grayscale’s BTC fund (Ticker: BTC) increased by 266 BTC, and Franklin Templeton’s (Ticker: EZBC) gained 232 BTC. VanEck’s (Ticker: HODL) managed an additional 56 BTC.
However, not all funds saw positive changes; ARK’s Bitcoin ETF (Ticker: ARKB) experienced a slight decline, losing 6 BTC, and Invesco Galaxy’s (Ticker: BTCO) recorded a decrease of 20 BTC. Valkyrie’s (Ticker: BRRR) holdings remained unchanged.
In total, the combined Bitcoin holdings of these ETFs reached 1,023,973 BTC, with a net daily increase of 4,035 BTC, valued at approximately $340 million. This robust inflow highlights a day of strong trading activity and overall bullish behavior in the Bitcoin ETF market.
Disclaimer: Market capitalizations and data 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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Today marks two years since the eventful day FTX filed for bankruptcy. Sam Bankman-Fried is in jail for 25 years, Ryan Salame likewise for 7.5 years, Caroline Ellison just commenced a two-year jail term and the FTX bankruptcy estate is making progress.
Though the story was widely publicized across mainstream media as a colossal failure of crypto writ large, that was never actually true. The specific areas of failure in the FTX debacle were in fact the kinds of centralized institutions that cryptocurrency was designed to upend.
Recall the commingling of funds — about $14.6 billion of…
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