"Either you run the day or the day runs you."
–Jim Rohn
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Happy Saturday Folks! Last week Bitcoin was up nearly $2K and as I type Bitcoin is trading at $43,052.87 and for the week (M-F) Bitcoin was down only $480.00; week over week it's up $1,362.16. The best performing asset in the past 7 days was $AVAX - up 9.76% in position #9 on Coinmarketcap.com. Last weeks ago the Fear and Greed Index was at 55 and today it's 60.
Keep reading, watching, and listening with me each and every week!
MY HOT TAKE
Most covered news of the week was the German authorities seizing $2.1B worth of BTC and Celsius emerging from Bankruptcy; where is the coverage of all the positive things happening in Crypto? It's there, just not getting a lot of attention. Think about it, the market is up nearly $2K and collectively the news about the ETFs is booming. I am still a believer that the Group of Nine will accumulate north of 1M $BTC by end of year. In addition, the entire crypto market continues to expand as there are over 2.2M+ crypto project.
I want to highlight Travis Kling's X thread and believe we all should digest his thesis: "A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything." Some hard truths in what he is saying but it's a forgone conclusion that we are in the midst of the bull part of the 4 year journey and my hope is that you are paying attention and encouraging those around you to do the same. We will look back 2 years from today and be blown away by what has happened. Some will be cheering and others will be regretful; which will you be?
Well that is a wrap for me folks, until next weekend Be Smart. Be Safe. Stack Sats. HODL!
THE WEEDS
Monday the price of Bitcoin closed at $43,433.80 and the most covered news of the day was about the pricing action of Bitcoin and the impact of the ETFs.
Podcast of the Day: American HODL - Bitcoin Is The Best Drug On Earth | The Bitcoin Matrix
Tuesday the price of Bitcoin closed at $42,942.20 and the most covered news of the day was German police seizing $2.1B worth of $BTC in a piracy sting.(5)
Podcast of the Day: #1301 Hany Rashwan | Wall Street Will FOMO Into Bitcoin ETF | TPP
By Wednesday (Humpday) the price of Bitcoin closed at $42,086.90 and the most covered news of the day was Tether reporting record profits of $2.9B in Q4 of 2023 with $5.4B in excess reserves.(6)
Podcast of the Day: Read_795 - Bitcoin is Dead (Long Live IBIT) | Bitcoin Audible
Right over the hump on Thursday the price of Bitcoin closed at $42,953.80 and the most covered news of the day was Celsius emerged from bankruptcy and is prepping to give creditors back pennies on the dollar.(6)
Podcast of the Day: The Flood is Here: Charlie Shrem on AI, RWAs, Bitcoin ETFs, & How Investors Can Profit in Crypto | TCSS
As the week came to a close on Friday the price of Bitcoin closed at $42,953.80 and the most covered news of the day was DOJ charging 3 people for the $400M Sim-swap hack that targeted FTX.(5)
Podcast of the Day: The Bitcoin Halving Challenge | The First Bitcoin Sportsbook w/ Nitrobetting.eu | Bitcoin Magazine
WEEKEND NEWS
912,626 $BTC traded at or around $42,560 which is the most significant interest zone for #Bitcoin to date. Many still believe we see $48K to $50K before we see $30K. Travis Kling believes $BTC and $ETH has a free walk to ATH and "financial nihilism" is driving American Crypto investors to accumulate Altcoins.(2) It's projected that Bitcoin halving will happen at block 840,000 which half is 420,000 and some are saying $BTC is going to get so high! January saw Bitcoin's highest monthly volume since Sept of 2022. $1.5T AUM LPL Financial declines to launch a Spot Bitcoin ETF.(2) Jim Rogers says Bitcoin isn't a threat to governments. Cardano transactions have broken past 4M as the ecosystem thrives but price still lags.
FTX moves to offload 8% of their stake in Anthropic.(3) Genesis ask bankruptcy court to approve $1.4B sale of GBTC shares.(4) Scarmucci believes Coinbase will win it's case against the SEC.
