JUST IN: Strategy likely surpassed 850,000 Bitcoin held over the past week! π
β’ At $100K BTC, Strategy's reserves will hit an $85B+ valuation.
β’ That would exceed the market caps of Lloyds, Barclays, and NYSE owner ICE.
BREAKING: Panicked US community bankers sue to block crypto firms from bank charters.
Charters already granted to Circle, Coinbase and World Liberty Financial could be ripped up.
What are they so afraid of?
JUST IN: SEC approves 3x Bitcoin ETP along with Gold, Silver, Oil, and Gas.
U.S. markets already had 2x leverage products.
π«‘ Eric Balchunas @EricBalchunas
JUST IN: Fidelity says Bitcoin priced in Gold is showing strong gains as capital returns. π
β’ Low correlation to S&P 500.
β’ Completely uncorrelated to US Treasuries.
β’ Great diversifier as new 4-year cycle starts.
π«‘ @TimmerFidelity
JUST IN: $240B manager VanEck reveals its exposure to Bitcoin has reached an all-time high! π
"We look at sovereign adoption, how many countries are mining Bitcoin. It keeps going up." πͺπ
JUST IN: BitGo CEO warns crypto "one-stop shops" like Coinbase create major risks. β The Block
β’ Setup mirror elements of Lehman collapse.
β’ Lack of regulation = weak market structure.
π Bitcoin & crypto companies want Clarity!