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.