Mar 12: Melt Your Face FOMO

Mar 12: Melt Your Face FOMO

In a groundbreaking week for the cryptocurrency market, Bitcoin miner revenue soared to unprecedented levels, signaling a robust bull run that, while generating new millionaires, is doing so at a slower pace than previous rallies. MicroStrategy's stock leapt by 14% as CEO Michael Saylor's additional Bitcoin investments paid off, reflecting a broader confidence in cryptocurrency as Bitcoin ETFs witness a surge, amassing $2.7 billion in weekly gains.


Thailand's regulatory approval for asset management firms to access spot Bitcoin ETFs for professional investors marks a significant step towards mainstream financial integration. Meanwhile, the crypto world watched closely as Wormhole detailed its Solana-Ethereum airdrop, highlighting the continued innovation and interoperability within blockchain technologies.


Amidst these developments, Nigeria's detention of Binance's compliance head and Africa manager for two weeks raises questions about the regulatory challenges facing the industry. This episode dives into these pivotal moments, unpacking what they mean for investors, regulators, and the global cryptocurrency landscape.

________


News Links 👇


https://www.theblock.co/post/281884/bitcoin-miner-revenue-hits-all-time-high


https://www.coindesk.com/markets/2024/03/12/this-bitcoin-bull-run-is-breeding-millionaire-whales-at-slower-pace-data-show/


https://decrypt.co/221253/microstrategy-stock-soars-14-as-saylor-buys-more-bitcoin


https://decrypt.co/221180/bitcoin-etf-surge-crypto-funds-record-2-7-billion-weekly-gains


https://www.theblock.co/post/281896/thailand-allows-asset-firms-to-access-spot-bitcoin-etfs-for-professional-investors-report


https://decrypt.co/221257/wormhole-explains-solana-ethereum-airdrop


https://www.coindesk.com/policy/2024/03/12/nigeria-invited-then-detained-binances-compliance-head-and-africa-manager-for-two-weeks-reports/


——————————————————————


***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


©Copyright 2024 Matthew Aaron Podcasts LLC



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Episoder(842)

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

itcoin is trading around $78K, and the price structure is much healthier than it was earlier this summer. The immediate support is roughly $75,674, the critical trend support is around $71,781-$72K, a...

3 Sep 8min

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Podcast SummaryWall Street's largest banks are preparing their own stablecoin infrastructure while the London Stock Exchange Group and Kraken work toward tokenized UK stocks. Matt looks at whether ban...

2 Sep 12min

Sept 1: Bond Yields Are Squeezing Bitcoin as Strategy Keeps Buying

Sept 1: Bond Yields Are Squeezing Bitcoin as Strategy Keeps Buying

Bitcoin remains around $77,000 to $78,000 as rising global bond yields become the biggest macro story for crypto. U.S. Treasury yields are approaching 4.8%, energy prices remain elevated, and markets ...

1 Sep 10min

Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends

Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends

Bitcoin spent last week consolidating after its huge move higher, and Craig sees the lack of a major snapback as a positive sign. The weekly candle finished essentially flat, even after selling follow...

31 Aug 6min

August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

itcoin is back below $78,000 after another failed attempt to establish $80K as support, while ETF inflows finally broke their winning streak and Kevin Warsh's Jackson Hole comments increased expectati...

31 Aug 15min

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

Bitcoin got as high as roughly $81,300 overnight and still couldn't maintain $80K. The battle is getting clearer. ETF demand remains strong, with another $242 million entering U.S. spot Bitcoin ETFs T...

28 Aug 17min

August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

Bitcoin finally broke $80K, but it could not hold it. That makes today's price action a rejection, not a confirmed breakout. The good news is that Bitcoin has real demand underneath it: U.S. spot ETFs...

27 Aug 15min

August 26: Bitcoin Keeps Bouncing Off $80K. What Will It Take to Break Through?

August 26: Bitcoin Keeps Bouncing Off $80K. What Will It Take to Break Through?

Bitcoin keeps bouncing off the $80,000 resistance level, and Matt explains why profit-taking is the biggest obstacle right now. Institutional investors are locking in strong gains, the short squeeze t...

26 Aug 12min

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