HOLY F*CK BITCOIN! THIS IS IT! (QE JUST FLIPPED!)

My Financial Friend

Market Update

  • Bitcoin is near all-time highs, currently around $105,000, just 4% off from its highest point.
  • The US is set to impose a 25% tariff on Canada and Mexico, with potential tariffs on China as well.
  • Bitcoin has not reacted significantly to this news, moving down only a few hundred dollars.

Altcoin News

  • Grayscale has filed for a Ripple (XRP) ETF with the New York Stock Exchange, which is considered bullish for XRP.
  • Spot ETFs for XRP, Solana, and other altcoins may be approved this year.
  • TAR's AI crypto is now live on Uphold, allowing US users to buy it.

Money Supply

  • The Treasury is printing money at an increased rate, with $241 billion announced to be printed on February 3rd.
  • The M2 money supply has started to tick up after bottoming out in mid-2023, indicating more liquidity in the market.
  • This increase in money supply may lead to higher demand for assets with high returns, such as Bitcoin.

Bitcoin Outlook

  • Bitcoin's ROI after the halving is currently lower than in previous cycles, but it may still reach $400,000 or more.
  • The number of states introducing Strategic Bitcoin Reserve bills is increasing, with Montana being the latest addition.
  • Trump's announcement of a strategic Bitcoin reserve and his personal investments in crypto may drive up demand for Bitcoin.
  • The increasing adoption of Bitcoin and the potential for high returns make it an attractive investment opportunity.