BitMEX co-founder Arthur Hayes doubts the U.S. will expand its Bitcoin reserves beyond the nearly 200,000 BTC it has already seized, citing high national debt and public skepticism toward “Bitcoin bros.” While President Trump signed an executive order in March to create a strategic Bitcoin reserve, Hayes finds it unlikely that any elected official would support printing money to buy more BTC. He also believes the Bitcoin-to-altcoin rotation will follow the familiar cycle from 2021, with Bitcoin dominance possibly returning to 70% despite analysts like Benjamin Cowen and CryptoQuant’s Ki Young Ju arguing that altseason dynamics have shifted.

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It is still premature to declare a definitive bottom for the S&P 500 or to conclude that the trade war has been resolved. An economic recession would likely have negative implications for both markets. However, the current strength in equities indicates reduced risk aversion among investors. For the time being, the elevated correlation between cryptocurrencies and stocks may represent the most favorable scenario.

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Richard Byworth, partner at Syz Capital and adviser at Jan3, believes Michael Saylor’s company Strategy should ramp up its Bitcoin accumulation by acquiring cash-rich firms and converting their reserves into Bitcoin, rather than relying on over-the-counter purchases. He suggests that as Bitcoin’s supply on exchanges dwindles, Strategy could benefit shareholders by aggressively boosting its multiple of Net Asset Value (mNAV), even if it impacts market prices. Byworth points to Japan’s “zombie companies” with idle cash as potential acquisition targets, drawing parallels to Metaplanet’s recent moves. At the time of writing, Strategy holds 553,555 BTC, worth around $52.48 billion.

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Legendary investor Ray Dalio warned that the global monetary system is on the brink of collapse, accelerated by U.S. tariff policies under the Trump administration. In a recent post, he said these trade tensions are driving deglobalization, damaging international cooperation, and pushing countries—especially China and the U.S.—to reduce economic interdependence and seek alternatives. Dalio believes America’s role as the world’s top consumer and debt issuer is unsustainable, and nations are likely to bypass the dollar by forming new trade networks and turning to hard assets like Bitcoin and gold. He urged the U.S. to address its debt and trade imbalances through coordinated efforts rather than conflict, warning that continued volatility could lead to irreversible consequences.

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Central banks, especially China, may be shifting away from US Treasurys in favor of alternatives like gold and Bitcoin, driven by rising geopolitical tensions and a desire for diversified reserves, according to Jay Jacobs, head of thematics at BlackRock. In a CNBC interview, Jacobs highlighted how geopolitical fragmentation and incidents like the freezing of Russian assets are accelerating this move. He noted growing interest in Bitcoin as a hedge similar to gold, with inflows into both assets rising as investors seek uncorrelated safe havens. Analysts also observe Bitcoin decoupling from US equities, reinforcing its emerging role in global financial strategy.

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Tether CEO Paolo Ardoino denies the company is under investigation, saying it is FUD

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📈 Bitcoin quotes recovered above the $67,000 level.

Altcoins also reduced the fall. Solana (-3.4%) and Dogecoin (-3.3%) lost the most during the day.

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CryptoPunk 1563 sold for a record 24,000 ETH (over $55 million).

NFTs are still capable of this.

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🟢This past September 2024 was the greenest September ever for bitcoin.

🟡 A historically luxurious October is ahead.

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🥉Historically, bitcoin, after closing September in the green, continued to rise for at least the next three months. This was pointed out by techanalyst Ali Martinez.

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