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.

91

0

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.

75

0

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.

88

0

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

💎1% Private Crypto Community

534

0

📈 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.

💎1% Private Crypto Community

469

0

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

🟡 A historically luxurious October is ahead.

💎1% Private Crypto Community

759

0

🥉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.

💎1% Private Crypto Community

838

0

🐹The hamster flew. Starting price $0.012.

💎1% Private Crypto Community

953

1

Hamster listing tomorrow.

Still wondering about the launch?

💎1% Private Crypto Community

993

1

⚙️ Bybit has launched the world's first Shariah-compliant Islamic cryptocurrency account. Spot trading of 75 tokens and two trading bots are available for customers.

The product was developed in conjunction with ZICO Shariah, a licensed advisory firm from Malaysia.

💎1% Private Crypto Community

924

0