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- ☕️ From defi to detained: a familiar face... 👿
☕️ From defi to detained: a familiar face... 👿
ALSO: easy $$$ exposure to btc could do this??
CryptoBrew
June 20, 2023
GM Brew Crew, we woke up this morning like a bee in peak spring. Absolutely buzzing and ready to get to work. Hint: the big dogs are getting ready to join the game… Let’s dive in ⬇️
On the menu today:
BITCOIN’S POTENTIAL AFTER RECENT NEWS 👀
GERMANY’S LARGEST BANK APPLIES FOR CRYPTO LICENSE 🚨
BEHIND BARS: INCARCERATION OF DO KWON 🔐
Today’s Charts:
Snapshot taken at 10:14am EDT
Snapshot taken at 10:17am EDT
BITCOIN’S POTENTIAL AFTER RECENT NEWS 👀
Bitcoin has been lingering between $25-30k and has experienced a 16% pullback in the past two months. Three recent news/events have turned people's heads as things are starting to heat up in the space.The first set of news to note is the Federal Reserve’s pausing of rate hikes and the decrease in volatility of the U.S. Treasury bond market. Both of these factors have the potential to decrease the strength of the U.S. dollar
Next, the regulatory crackdown on different crypto tokens by the SEC has shed light on Bitcoin as a safe haven investment. Bitcoin’s dominance rate has risen to an all-time high since April of 2021 as money has moved out from altcoins into Bitcoin.
Finally, the knockout punch… BlackRock’s filing for a Bitcoin ETF has caught the attention of everyone in the crypto space. This Bitcoin ETF proves that investors and institutions are hungry for Bitcoin exposure… even in a bear market.
Give us your thoughts below ⬇️
Shown below is when GLD launched, allowing easy access to Gold exposure for investors.
If/when Blackrock's (who has a 99% ETF approval) Bitcoin ETF launches (very similar structure to GLD), expect similar price action as it unlocks access to Bitcoin exposure for the masses.
— Will Clemente (@WClementeIII)
9:30 PM • Jun 18, 2023