Syz the moment

Since 2012, next month has been BY FAR the best performing month for Bitcoin: 🟢 82% win rate, average return of +18.4% Source: Trend Spider

Tether, the world’s biggest stablecoin company, has held talks about investing in gold mining, seeking to deploy its vast crypto profits into bullion. -> FT: "The company has held discussions with mining and investment groups about investing in the entire gold supply chain, from mining and refining to trading and royalty companies, according to four people familiar with the recent talks. While gold has been a physical store of value for thousands of years and bitcoin has only existed as a digital instrument since 2009, there is a growing affinity between some industry executives. Tether chief executive Paolo Ardoino has likened gold to “natural bitcoin”. “I know people think that bitcoin is ‘digital gold’,” he said in a speech in May. “I prefer to think in bitcoin terms, I think gold is our source of nature.” However, within the conservative gold mining sector, Tether’s interest has been greeted with surprise and questions about whether the unconventional newcomer will succeed. “They like gold. I don’t think they have a strategy,” said one mining executive. Source: FT

• $SBET -9% • $BMNR -7% • $MSTR -3% Source: Shy Boloor on X

Source: Cointelegraph

Source: Bitcoin Magazine @BitcoinMagazine, blockchain.com

Source: Barchart, coinshares

Good news for all Bitcoin holders: August is typically a weak month for crypto, so don’t panic if prices dip – it’s seasonal. The bad news? September tends to be even worse, with Bitcoin historically averaging a 5% decline in value. Source: HolgerZ, Bloomberg

Source: Jacob King