Price: $65,391 | Last Year: $26,335
"Those who understand buy Bitcoin. Those who don’t criticize Bitcoin." - Michael Saylor, 21 Rules for Bitcoin
Happy Juneteenth* Folks! I'll be making this short this morning because I will be participating in Ms. Opal Lee Walk for Freedom.
Research reveals the retail crowd is not yet present in the current bitcoin market cycle, but investor fear persists. However, Bitcoin price uptrend ‘intact’ with hodlers 120% in profit. Bitcoin hodlers face “boredom and apathy” but are not engaging in mass distribution — even as the BTC price dip erodes unrealized profits.
Bitcoin boredom will continue until ETF withdrawals improve. The Bitcoin price is seemingly range bound between $65,500 and $64,000 until sentiment improves, according to an analyst. Former CoinShares Chief Strategy Officer Meltem Demirors predicts ‘sideways summer’ for Crypto.
MAJOR: "Spot bitcoin ETFs will be approved by major wirehouses and large private bank platforms in the third and fourth quarters and AB Bernstein predicts that bitcoin will reach a cycle high of $200,000 in 2025, $500,000 by 2029 and $1 million by 2033."
A crypto wallet labeled “German Government (BKA)” by the crypto onchain analytic firm Arkham started moving Bitcoin on June 19, sparking curiosity among the community. The German government labeled wallet held 50,000 BTC since February earlier this year and moved out 6,500 BTC on June 19.
LandBridge, a United States firm that acquires large swaths of land for oil and gas production and formed by Five Point Energy, says it intends to court crypto miners as part of its future strategy — amid the launch of its initial public offering (IPO) on Monday.
Despite Bitcoin’s block size hitting a yearly low, the Runes minting market continues to show strong activity and profitability.
4-Year Journey With Bob Loukas
Podcast of the Day: BTC187: Home Heating and Bitcoin Mining w/ Alex Busarov (Bitcoin Podcast)
OTHER NEWS
SEC permanently ends all investigations into Ethereum according to Consensys and Institutional Investors likely to embrace non-staking Ethereum ETFs, says 21Shares Co-Founder Ophelia Snyder. Ethereum soars above $3,500, gaining 3%, in wake of U.S. Securities and Exchange Commission dropping its $ETH investigation without charges.
Bitwise Inc updates the S-1 form for its spot Ethereum ETF, disclosing a $2.5 million seed investment and the form also reveals a $100 million potential share purchase from venture capitalist Pantera Capital; analysts expect the SEC’s approval for spot Ethereum ETFs to start trading as early as July 2.
The excitement surrounding the impending debut of spot ether ETFs in the U.S. has investors anticipating higher ether price swings relative to bitcoin; but demand for ether ETFs may be tepid.
Jeremy Allaire, CEO of Circle, expressed heightened optimism about the future of crypto. He attributed this confidence to the continuous advancement of open Internet protocols, which have historically transformed industries and economies.
Podcast: Diaries of an ETH Maxi on Wall Street | Sam Jernigan
*NOTE: Juneteenth, officially Juneteenth National Independence Day, is a federal holiday in the United States. It is celebrated annually on June 19 to commemorate the ending of slavery in the United States. The holiday's name is a portmanteau of the words "June" and "nineteenth", as it was on June 19, 1865, when Major General Gordon Granger ordered the final enforcement of the Emancipation Proclamation in Texas at the end of the American Civil War.[8][9] Although this date commemorates enslaved people learning of their freedom under the Emancipation Proclamation, this only applied to former Confederate states. There remained legally enslaved people in states that never seceded from the Union. These people did not gain their freedom until the ratification of the 13th Amendment to the United States Constitution on December 6, 1865.
Podcasts
Unchained: Anthony Scaramucci on Why He Supports Biden and Thinks He, Not Trump, Is Best for Crypto
OnRamp: Final Settlement E009: Corporate Bitcoin Adoption with eBay's Mason Carter
The Scoop: Stablecoins will keep winning because they are a 'fundamentally better product'
TFTC: #515: Understanding the Bitcoin Cash and Carry Trade with James Check
