Bitcoin Investors Brace For These MAJOR Events

CryptosRUs

Introduction to CryptoZeros Stream

  • Welcome to CryptoZeros, a market open stream discussing Bitcoin, Solana, and other crypto projects.
  • Today's focus: big events for Bitcoin and Solana, including a huge decision for Solana.

Market Updates

  • Bitcoin is recovering, currently at $103-2, possibly due to economic data releases.
  • Wall Street is mixed, with jobless claims releasing worse than expected, which is seen as a good thing in the current market scenario.
  • Bitcoin is rising due to this news, despite it being a "bizarre world" where bad economic news can lead to market rises.

Economic Data and Bitcoin

  • Jobless claims were 223,000, 2,000 more than expected, which is bad news but potentially good for Bitcoin due to expected rate cuts.
  • This mindset is prevalent because good economic data could reduce the chance of rate cuts, affecting markets negatively.

Institutional Involvement

  • BlackRock had a $600 million inflow into ETFs, with $344 million the previous day, indicating continuous massive inflows.
  • Institutions are buying billions of Bitcoin, and even when they sell, they buy back at higher prices, increasing net inflows.
  • ETFs now hold around 6% of Bitcoin's supply, with sailors and institutions involved, reaching close to 10% of the supply in just one year.

CEO Perspectives

  • Most bank CEOs, except Jamie Diamond, are praising Bitcoin, acknowledging it as a store of value and medium of exchange.
  • They recognize Bitcoin's potential, understanding that embracing it is crucial for their survival.

Political Involvement

  • RFK, the new health minister, holds $1-5 million worth of Bitcoin and has spoken highly of it.
  • Political figures' involvement in crypto is becoming more apparent, with some holding significant amounts of Bitcoin.

Solana Updates

  • A major event for Solana is the potential conversion of their trust, with a decision expected soon.
  • Solana has broken $200 billion in monthly DEX volume, a historic first, surpassing even Ethereum's peak volumes.
  • This volume indicates Solana's strong fundamentals, despite volatility.

Company Updates

  • BitUnis has added a fiat on-ramp, allowing users to buy crypto with credit cards, debit cards, and bank accounts.
  • This move is significant for foreign exchanges, making it easier for users to enter the crypto market.

Market Predictions

  • The speaker believes Bitcoin is close to breaking out of its current range and heading higher.
  • With all-time highs only $4,000 points away, the market sentiment can change rapidly, potentially leading to significant price movements.

Q&A Session

  • The speaker addresses various questions, including the potential announcement of a Bitcoin Reserve and its implications.
  • Discussions about Trump coin, Solana, and other cryptocurrencies, along with their potentials and current market standings.

Conclusion

  • The day is expected to be good for the crypto market, with potential announcements and continuous institutional investment.
  • The speaker looks forward to the next stream, discussing further market developments and potential price movements.