Syz the moment

According to a report by Kaiko Research, BTC’s latest rally is creating about 1500 millionaire wallets daily. However, despite the increase in Bitcoin (BTC) millionaire wallets, Kaiko Research notes that the number of millionaire wallets created daily during the 2021 bull run was closer to 4000, more than double the current number. According to Kaiko Research, low millionaire wallets could be due to the lack of new capital. The report notes, ‘In 2021, there was a huge influx in capital as all manner of bull sought to benefit from the crypto hype. This time around, whales could be taking a more cautious approach, waiting to see if the gains have legs before investing.‘ https://lnkd.in/eabkjiHh

According to a report by CityAM, affluent residents in the UK’s capital city are opting for digital currencies to pay landlords, and one real estate company describes the trend as “a step into the future.” Aware of the growing trend, real estate firm Knightsbridge Prime Property confirmed a partnership with virtual currency service provider Bitcashier to facilitate rent payments using the asset class. According to the report, other property firms in the region are shopping for similar deals with cryptocurrency firms to support the needs of their wealthy clientele. KPP confirmed that one ultra-wealthy client opted to settle the rent for a luxury apartment in Herbert Crescent using Bitcoin (BTC), paying 45,000 pounds per week using digital currency. source : zycryto

The New 9 have successfully overtaken the position previously held by GBTC, indicating a significant shift in market dynamics. Similarly, IBIT has surpassed MSTR, further emphasizing the evolving landscap... in 8 weeks' time. source : fred krueger

The surge follows regulatory approvals for spot-Bitcoin ETFs and comes ahead of the anticipated halving event, reflecting significant shifts in crypto accessibility and investor interest. Source: Bloomberg, Beth Kindling

It now HODLs 205,000 $BTC bought for $6.9b MicroStrategy is now $7.7 Billion in profit on its Bitcoin investment. A return of 112% so far as Bitcoin breaks a new all-time high yesterday. 112% gains and still buying...

Do you think gold and digital gold trading at new all-time-highs is a coincidence? #store of value Source cartoon: hedgeye

Pershing Square Capital Management founder and CEO Bill Ackman turned some of his attention to Bitcoin on Saturday afternoon, cheekily suggesting a scenario in which the price for the world's largest crypto could soar far higher than anyone might imagine. "Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues," said Ackman in a post on X. "Bitcoin goes to infinity, energy prices skyrocket, and the economy collapses," he continued. "Maybe I should buy some Bitcoin." "The problem of course is that it also works in reverse," he later added. A scenario: Bitcoin price rise leads to increased mining and greater energy use, driving up the cost of energy, causing inflation to rise and the dollar to decline, driving demand for Bitcoin and increased mining, driving demand for energy and the cycle continues. Bitcoin… https://t.co/a5LzX69R7q — Bill Ackman (@BillAckman) March 9, 2024

Source: Ash Crypto