S&P Global: "we are likely to continue to view capital as a weakness, because Strategy's bitcoin holdings are likely to grow materially"
So basically "the more Bitcoin they buy, the weaker their capital becomes.” If Strategy held U.S. Treasuries, S&P would call it “high-quality capital.” But if Strategy holds bitcoin, they mark it as negative equity. Incredible Source: @AdamBLiv
Some Bitcoin whales are doing custom creations of $IBIT
These whales are trading in their physical Bitcoin for shares of the ETF for a variety of benefits after discovering TradFi has its perks. BlackRock has done $3b of these. Source: Eric Balchunas
Bitwise says a 5% capital rotation from gold to Bitcoin could send BTC to $242,391
Source: Bitcoin Archive @BTC_Archive
🟢 BTC +3% 🔴 GOLD −6%
Some rotation from gold into bitcoin? Source: Trend Spider
It's over for bitcoin
Source: Bitcoin magazine
The performance gap between $QQQ and $BTC is widening again, and this time more dramatically.
Usually BTC and QQQ are mostly correlated until recently. Something has to give. Will QQQ go down to play catchup? Will BTC go up to play catchup? Will it be a blend of both? Source: Heisenberg @Mr_Derivatives
JUST IN: Wall Street giant Citi bank to launch Bitcoin and crypto custody services in 2026
Source: CNBC
The "debasement trade", the decline in the purchasing power of USD, in one chart since 2020:
Bitcoin: +1400% Silver: +182% Nasdaq 100: +176% Gold: +166% S&P 500: +102% In gold: NDX +4%, SPX -24% In Bitcoin: NDX -84%, SPX -89% Source: Global Markets Investor @GlobalMktObserv
