LUMMIS GIVES WARNING TO NEW CRYPTO INVESTORS!

Market Update

• Bitcoin hit over $100,000, a significant level of resistance
• XRP is running up, having hit $3.03 earlier in the day
• Ethereum is up over $3,400
• Solana is pumping up 10% a day

News

• Core inflation came in weaker than expected
• Nasdaq is up 2.6% today
• President Trump's SEC to revamp Bitcoin and crypto policy, which may pause enforcement
• Oklahoma introduced a strategic Bitcoin reserve policy, enabling the state to buy Bitcoin
• Senator Lummis warned of potential scams as the market gets crazier

Adoption

• A well-known Twitter account with 60,000 followers bought $400 of Bitcoin for the first time
• 317 new wealth teams and RIAs bought Bitwise products for the first time to get exposure to crypto
• Black Rock says Bitcoin is on the minds of a significant percentage of their clients

Outlook

• Hundreds of companies are expected to buy Bitcoin in the next 12-18 months, lifting the entire market substantially higher
• 70-80 companies are already adding Bitcoin to their balance sheet
• Volatility is expected, with big moves possible
• Bitcoin is considered a better form of money and savings, which will drain the supply and cause the price to go up