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PLUS: Trump doubles down
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What we’ve cooked up for you today…
💰️ Trump doubles down
🇺🇸 The U.S wants more Bitcoin
💪 Constant growth
💰 And more…
Prices as at 3:00am ET
TRUMP DOUBLES DOWN 💰️
BREAKING: Crypto Will 'Expand Dominance of U.S. Dollar,' Trump Says
President Trump just spoke at the Blockworks Digital Asset Summit.
Fun fact: This is the first time a sitting president has ever spoken at a crypto event
Although the speech was pre-recorded and no new crypto-related policies were announced… 😥
Trump reaffirmed that he is all in on supporting the crypto industry.
Here’s what he had to say:
"It's an honor to speak with you about how the United States is going to dominate crypto and the next generation of financial technologies… And it's not going to be easy, but we're way ahead."
Trump went on to highlight the end of Operation Choke Point 2.0 under his administration:
“We’re ending the last administration’s regulatory war on crypto and Bitcoin, and that includes stopping the lawless Operation Choke Point 2.0. Operation Choke Point 2.0 went beyond regulation, and I mean far beyond. Frankly, it was a disgrace… But as of January 2025, all of that is over.”
He also confirmed that his administration is working on passing stablecoin legislation:
“I’ve also called on congress to pass landmark legislation creating simple common sense rules for stablecoins and market structure. With the right legal framework, institutions large and small will be liberated to invest, innovate and take part in one of the most exciting technological revolutions in modern history.”
No matter what you may think about Trump…
You can’t deny that he’s doing everything he can to support the industry.
What’s more, the team he has surrounded himself with are all known Bitcoin and crypto advocates.
We’ve literally got the most pro-crypto administration of all time.
It doesn’t get much better than that in terms of a bullish setup.
More on this in the next section…
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THE U.S WANTS MORE BITCOIN 🇺🇸
President Trump’s Executive Director on Digital Assets, just made something crystal clear:
The U.S. government isn’t just holding Bitcoin. They’re looking to buy more.
If you don’t know who Trump’s Executive Director on Digital Assets is, his name is Bo Hines:
Former college football star, played wide receiver at NC State and Yale 🏈
Trump-backed politician, ran for Congress in 2022 🎤
Advocate for economic policy, digital assets, and national strength 🇺🇸
In his latest interview, Bo cleared the air:
The U.S government wants more Bitcoin.
The catch?
They need to find a cost-friendly way to do it:
"We talked about ways of acquiring more Bitcoin in budget-neutral ways that won’t cost taxpayers a dime."
However, here’s the most important part, how much Bitcoin does the U.S government actually want to buy?
Bo made that clear too:
"How much do we want? That’s like asking a country how much gold it wants… as much as we can get."
The U.S. government is literally saying they want as much Bitcoin as they can get.
If that doesn’t make you bullish… nothing will. 🐂
CONSTANT GROWTH 💪
Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)
This metric provides a high level overview of the Bitcoin network’s user base/activity.
But there’s a slight catch…
One wallet does not equal one user. A user can have many wallets.
What matters here is the trend of the chart.
Increasing number of addresses: increasing adoption levels 📈
Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉
As of today there are 52,681,808 addresses holding at least a little Bitcoin.
Which marks a increase of 122,670 wallets compared to when we looked at this metric two weeks ago.
Year-to-date, this number has grown by 158,271 wallets. 😱
That’s seriously impressive…
And it highlights the constant growth in the Bitcoin network.
Looking at the long-term trend, the trajectory remains up and to the right.
A clear sign that Bitcoin adoption isn’t slowing down.
CRACKING CRYPTO 🥜
BlackRock exec believes Bitcoin's price does not reflect its strong institutional demand. BlackRock's Robbie Mitchnick sees Bitcoin’s scarcity and independence as crucial in buffering against economic downturns.
Tether’s US treasury holdings surpass Canada, Taiwan, ranks 7th globally. Stablecoins are seeing growing adoption among regulators and investors, which may signal that the current bull market is only “mid-cycle,” according to some analysts.
Ether Spot ETFs in U.S. Saw $358 Million Outflows in 11-Day Stretch. Despite the outflows, the funds have seen a cumulative net inflow of $2.45 billion since their inception.
Staking for ether ETFs gathers steam as BlackRock talks up potential, NYSE files on behalf of Bitwise fund. Slowly but surely the drive to allow Ethereum ETFs to earn yield by staking the cryptocurrency is gaining momentum.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
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Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Daily Bitcoin news
Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
CAN YOU CRACK THIS NUT? ✍️
Select your answer below and you’ll be redirected to the results page. (answer explanation can be found after “Meme Corner”)
Instead of storing money, Bitcoin wallets store something called “ _____”. |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: Keys 🥳
A bitcoin wallet stores a collection of bitcoin private keys.
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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.
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