“Every Bitcoin you don’t buy is a $13 million mistake.”
— Michael Saylor
QUESTION OF THE DAY
If BlackRock is buying billions in Bitcoin while supply issuance falls behind, what does that mean for price in the months ahead?
BITCOIN PRICE ACTION
- Bitcoin “Flag” Flies High as Price Eyes $122,000 (BeInCrypto)
- Bitcoin may hit $120K on Wednesday (Cointelegraph) (E)
- Bitcoin has closed above $100,000 for 130 days in a row. (E)
- Bitcoin's growth engine is running out of steam (Cointelegraph) (E)
BITCOIN NETWORK
- Bitcoin Core default minimum relay fees decrease 90% as update rolls out (Cointelegraph)
BITCOIN ANALYSTS & TRADERS
- Bitcoin’s illiquid supply could hit 8.3M by 2032: Fidelity (Cointelegraph, CryptoPotato)
- Bitcoin analyst Jelle predicts 35% rally after 9th bullish RSI signal fires (Cointelegraph) (E)
- 42% of Bitcoin's circulating supply could become illiquid by 2032 due to Bitcoin treasury accumulation. - Fidelity Bullish. 🐂 (E)
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🇺🇸 BANK OF AMERICA: Most investors have ZERO allocation to Bitcoin and crypto. 67% of fund managers hold no crypto. It's still early. 🚀 (E)
BITCOIN ADOPTION
- PayPal Integrates Bitcoin, Ethereum and Crypto Payments Directly Into New ‘Links’ Chat Feature (The Daily Hodl, Cointelegraph, CoinDesk, The Street)
- Oil and gas giant Shell now accepting Bitcoin in South Africa. Global bitcoin adoption is accelerating. 🔥 (E)
- 🇩🇪 $500 billion Santander’s Openbank launches Bitcoin and crypto trading for retail clients in Germany. 🚀 (E)
BITCON MINING
- Bitcoin Mining Profitability Fell in August, Jefferies Says (CoinDesk)
- Bitcoin mining stocks outperform BTC as investors bet on AI pivots (Cointelegraph) (E)
BITCOIN STRATEGIC RESERVE & CORPORATE TREASURY
- Strategy Adds $60 Million to Bitcoin Treasury in Smallest Buy in a Month (Decrypt)
- Solana Treasury Companies May Outshine BTC and ETH in 2025 (CryptoPotato) (E)
- 🇫🇷 Publicly traded Capital B raises $63 MILLION to buy more Bitcoin. $Millions in corporate Bitcoin buys are happening every single day. 📈🚀 (E)
- 🇨🇳 China's Next Technologies to raise $500 MILLION to buy Bitcoin for their treasury. Asia is hopping on board the Bitcoin train. 🚂 (E)
- Solana corporate treasuries hit $4B as companies scoop up 3% of supply (Cointelegraph) (E)
ETHEREUM
- ETH Whales Are Loading Up: And It Could Be Just the Beginning (CryptoPotato)
- Tom Lee's Ethereum Treasury BitMine Boosts ETH Holdings to Nearly $10 Billion
- Ethereum Faces the $5,000 Question as Altcoin Season Commences (BeInCrypto) (E)
ETF
- Digital Asset Products See $3,300,000,000 in Weekly Inflows on Weakening US Macro Data: CoinShares (The Daily Hodl)
- First XRP and Dogecoin ETFs Set for US Unveiling This Week (Decrypt)
- BlackRock Buys Over $1,000,000,000 Worth of Bitcoin (BTC) in One Week: Arkham (The Daily Hodl)
- US spot Bitcoin ETF demand is once again outpacing new supply issuance. 📈 (Decrypt)
- Bitwise files for stablecoin, tokenization ETF with US SEC (Cointelegraph, The Block, Decrypt) (E)
ALTCOINS
- Solana confirms bullish signal that last time led to 1,300% SOL price gains (Cointelegraph)
- Solana Price Nears $250, But 6-Month High Selling May Be A Roadblock (BeInCrypto)
- Solana Stronger Bet Than ETH as SOL Holds Key Support, Says Analyst (CoinDesk) (E)
STABLECOINS
- Circle Partners with Hyperliquid for Deeper USDC Expansion (BeInCrypto, Cointelegraph)
POLITICS
- New Super PAC Commits Over $100M to Protect US Crypto Leadership (BeInCrypto, Cointelegraph)
- U.S. and U.K. to announce closer cooperation on crypto regulation. -FT (E)
- 🇺🇸 Senate confirms pro-Bitcoin advocate Stephen Miran to the Fed Board. Bitcoiners are taking over Washington. 🔥(Decrypt) (E)
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🇺🇸 Senator Cynthia Lummis to hold a meeting in Washington today to advance her strategic Bitcoin reserve bill. The proposal includes buying up to 1 million Bitcoin. 🚀 (E)
LEGISLATION
- US lawmakers tap Saylor, Lee to advance Bitcoin reserve bill (Cointelegraph, The Block)
LEGAL
- SEC, Winklevoss-led Gemini reach 'resolution in principle' over years long lawsuit involving Gemini Earn (The Block, Decrypt, BeInCrypto, Cointelegraph)
VOICES
- Michael Saylor: "Every Bitcoin you don't buy is a $13 million mistake."
- Dan Morehead: Pantera Capital founder predicts $750,000 Bitcoin in the next 4-5 years. 🚀
- Dan Morehead: Pantera Capital CEO Predicts Bitcoin Might Hit $1 Million During His Lifetime (UToday)
- Arthur Hayes: "Four-year cycles are over, Bitcoin is headed to $200,000." Send it. 🚀
- Tom Lee: Bitcoin, Ether could make ‘monster move’ in next 3 months (Cointelegraph)
- Matt Hougan: Bitwise CIO sees SEC advancing listing standards to unleash ‘ETPalooza’ for crypto (The Block)
- 🇺🇸 Eric Trump tells CNBC that bitcoin is the "greatest asset of our time." "It's modern-day gold."
- ADAM BACK: "Buy Bitcoin before governments adopt, prices may escalate significantly." Time is running out. ⏳ (E)
- Robert Kiyosaki: Teases new documentary “Money Disrupted: End the Fed” 🎬 Critiques the Fed’s money printing and highlights Bitcoin as the solution. 🚀 (E)
- Henrik Zeberg: Economist says Bitcoin Will Crash to Prices Lower Than ‘What Most People Can Understand’ (The Daily Hodl) (E)
- Grant Cardone: Real estate mogul warns Saylor’s Bitcoin treasury mania is over (The Street) (E)
- Mark Newton: ETH Going to $5,500 by Mid-October, Says Fundstrat’s Global Head of Technical Strategy (CoinDesk, UToday) (E)
- Dan Morehead: Pantera founder says Solana is firm’s biggest crypto bet with $1.1 billion position (The Block) (E)
- Standard Chartered: Ethereum Treasuries Emerge as Strongest Bet | US Crypto News (BeInCrypto) (E)
- Fidelity: Predicts Massive Bitcoin Supply Crunch—28% to Vanish From Market (BeInCrypto) (E)
VIDEO OF THE DAY
PODCAST OF THE DAY
Why Bitcoin Will Crash Like Every Other 4 Year Cycle | Henrik Zebra | The Pomp Podcast
