They fought it. They laughed at it. Now they’re building on it.
Source: Swiss Holdler
Another game changer for bitcoin $BTC and cryptos...
JP Morgan is now offering their clients loans against Bitcoin ETF holdings… Wall Street realizing that Bitcoin is pristine collateral. Liquid 24/7/365 globally. Source: Geiger Capital, Bloomberg
#bitcoin
Source: @GeorgeGammon on X
APPLE, TESLA, NVIDIA—NOW TRADING ON THE BLOCKCHAIN Kraken is launching tokenized stocks—starting with Apple, Tesla, Nvidia, and the S&P 500—on Solana.
Buy, sell, or hold them like crypto. No broker. No weekends. No borders. U.S. users are locked out, but overseas investors get 24/7 Wall Street with a DeFi twist. It's called xStocks. Just don’t forget: the SEC’s watching, and Binance tried this in 2021. It didn’t end well. Source: WSJ thru Mario Nawfal on X
Bitcoin $BTC on track for its first Golden Cross since October.
Source: Barchart
Bitcoin just surpassed Taiwan Dollar to become the 8th largest currency in the world
Source: Vivek
#bitcoin
How it started... and how it is going
Strategy $MSTR, a Bitcoin treasury company, is accumulating Bitcoin at a faster rate than total miner output, giving the supply-capped asset a -2.33% annual deflation rate
According to CryptoQuant CEO and market analyst Ki Young Ju. 🟩 “Their 555,000 BTC is illiquid with no plans to sell,” the analyst wrote in a May 10 X post. 🟩“Strategy's holdings alone mean a -2.23% annual deflation rate — likely higher with other stable institutional holders,” Ju continued. 🟩Additionally, Strategy acts as a bridge between Bitcoin and traditional financial (TradFi) markets by funneling funds from TradFi investors into Bitcoin through selling corporate debt and equity, which the company uses to finance more BTC purchases. According to Michael Saylor, over 13,000 institutions hold Strategy stock directly in their portfolios. ➡️ Bitcoin investors continue to watch the company and its effect on Bitcoin market dynamics. Strategy leads the charge toward institutional adoption of Bitcoin, further restricting the supply of available coins and raising BTC prices, while dampening volatility. Source: zerohedge, cryptoquant, cointelegraph.com
