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What we’ve cooked up for you today…

Only the top 20 coins measured by market cap feature in this section

BREAKING: Trump promises to embrace ‘Industries of the Future’ including crypto, AI

Donald Trump has once again mentioned Bitcoin and crypto.

And before you roll your eyes…

This isn’t a Trump endorsement.

Right now we have a presidential candidate openly discussing Bitcoin and crypto as part of their campaign.

That’s a BIG deal. (the fact is, Kamala Harris has yet to mention anything about Bitcoin)

Speaking at the Economic Club of New York, this is what Trump had to say:

Continuing on, Trump explained:

If we go back to July of this year, Trump also pledged to fire SEC Chairman Gary Gensler on day one of his term.

With Trump’s latest interviews and speeches, he now has a 7 point lead over Kamala. (on Polymarket)

Ultimately, the crypto community believe that a Trump presidency would be a net benefit for Bitcoin.

Whereas a Kamala presidency would be a hindrance to Bitcoin adoption.

But what do you think?

Will Trump be good for Bitcoin or are these just empty promises? 🤔

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Introducing the USD Interest Account²—where you can earn up to 5% APY¹ on your USD deposits:

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It may be taking longer than expected…

But the Bitcoin ‘Omega Candle’ is still coming.

That’s the latest out from Samson Mow.

So what exactly is the ‘Omega Candle’?

The ‘Omega Candle’ is a term coined by Samson, and it refers to when Bitcoin goes up $100,000 in a single trading day.

‘Candles’ are how we track price movements on charts:

At the beginning of the year, Samson predicted that we’d not only see a ‘Omega Candle’ but there was also a good chance we’d see a $1 million Bitcoin:

In his latest update, Samson is standing by this prediction.

Despite there being only ~4 months left in the year:

If you haven’t seen the Big Short, it outlines how Michael Burry correctly bet against the 2008 financial crisis.

However, he was over a year early to the trade.

But in the end, he profited billions.

Samson’s advice?

Our take?

A $1 million dollar Bitcoin by the end of this year is a touch too optimistic.

But - on a long enough timeline, do we think Bitcoiners get a similar ending to the Big Short?

Absolutely. 💣

Here comes the institutional adoption we’ve all been hearing about…

In a recent filing with the SEC, Morgan Stanley’s Institutional Counterpoint Global Fund reported exposure to Bitcoin.

Here’s the funds objective straight from Morgan Stanley’s website:

We seek established and emerging companies globally, that we believe have strong name recognition, sustainable competitive advantages… and an attractive risk/reward profile.

From the SEC filing, the fund holds:

A 6.1% portfolio weighting towards Bitcoin/Bitcoin related stock is significant.

Institutional adoption is slowly but surely coming…

We’ve also got a bonus stat/chart for you today and it’s a fun one.

Did you know that Bitcoin has been actively trading longer than the Nasdaq?

It’s hard to believe at first, but it’s 100% true:

Isn’t that crazy?

Bitcoin is only 15 years old but is technically older than the stock market…

Here’s a chart to really hammer the point home.

And yes we know that stock markets have been around longer than 1971…

However, then Nasdaq was the first electronic stock market to launch, so the comparison is a fair one.

That’s the benefit of trading 24/7, 365 days a year.

New Mastercard crypto card lets users pay from self-custodial wallets. Mastercard enters crypto payments with new Mercuryo debit card.

Kamala Harris’ campaign isn’t directly accepting crypto — a Super PAC is. The Future Forward political action committee was able to receive crypto contributions for Kamala Harris’ election bid in 2024.

Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points. The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting.

Polymarket's open interest soars past $100 million as crypto enthusiasts bet big on presidential election. Polymarket's open interest has experienced a jaw-dropping 1,429% increase this year, climbing from $7 million to $107 million.

Want to get even smarter? Check these out.

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Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)

Because what would the crypto world be without its share of memes?

Trivia Answer: A) Protocol 🥳

The Bitcoin protocol is the set of rules that govern the functioning of Bitcoin.

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We read every comment submitted in this poll and love to hear what you guys have to say. 😁 (bonus points for suggestions 🍪)

DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.

¹ Balances of $1,000 or more earn 5% APY. Balances under $1,000 earn 2% APY. Rate is subject to change.

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