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Federal Reserve just issued a joint statement with 2 regulators confirming that banks can offer Bitcoin and crypto custody.
Source: Bitcoin archive
Our Global M2 proxy continues to point to supportive liquidity dynamics for risk assets in the weeks ahead, even if the charts suggest a potential pause in the upward trend for the short-run.
➡️ Liquidity continues to be injected, not only in the US (with M2 reaching a new all-time high in May), but also in Europe and China, and the USD weakness is supportive of global liquidity conditions. ➡️ The link between our Global M2 proxy and the Bitcoin, but also the S&P500 and the MSCI World, continues to hold quite well! This is NOT an investment recommendation. Many factors influence the price of assets. Do your own research. Source: Adrien Pichoud
Who's holding bitcoin?
Bitcoin ETFs, whose collective U.S. launch in January 2024 was one of the most successful ETF debuts in history, still represent the largest holders of bitcoin by entity with more than 1.4 million coins held today, representing about 6.8% of the fixed supply cap of 21 million. Public companies hold about 855,000 coins, or about 4%. Source. CNBC
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