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- 🥜 Whales Want Your Bitcoin
🥜 Whales Want Your Bitcoin
PLUS: Conservative prediction
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What we’ve cooked up for you today…
🏦 Now this is big
🐋 Whales want your Bitcoin
📉 These are getting low
💰 And more…
Prices as at 5:00am ET
NOW THIS IS BIG 🏦
BREAKING: Bernstein analysts label their $200,000 bitcoin price prediction for end of 2025 as ‘conservative’
Global asset management firm Bernstein just released a “Black Book” on Bitcoin.
These “Black Books” are highly regarded, in-depth research reports published specifically for institutional investors.
It’s a big deal that they published one for Bitcoin…
And in that research report are some very interesting details…
Such as their 2025 end of cycle price target (which they’ve labelled “conservative”):
“Bitcoin is going to $200,000 this cycle (2025 end)… We are being conservative.”
$200,000 is conservative? We’ll take that…
Continuing on in the report, lead analyst Gautam Chhugani explained:
“If you are a Bitcoin skeptic … maybe, a limited supply, 'store of value' digital asset is not such a bad thing in a world where U.S debt hits new records ($35 trillion now) and threats of inflation still loom. If you like gold here, you should love bitcoin even more.”
And just touching on the US debt point that Gautam raised...
US debt has increased by $473 billion over the last 3 weeks.
It now stands at $35.8 trillion.
There’s no way in any world that this is sustainable…
But Bitcoin wasn’t the only asset that Bernstein recommended to investors.
For investors not interested in taking a direct position in Bitcoin, Bernstein suggested:
MicroStrategy - Worlds largest Bitcoin corporate treasury holder
Robinhood - Continuing efforts to expand crypto services
Riot Platforms - US listed Bitcoin miner
CleanSpark - US listed Bitcoin miner
Core Scientific - US listed Bitcoin miner and AI hosting services
$200,000 by the end of 2025?
And that’s on the conservative side?
Sign us up. 😎
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WHALES WANT YOUR BITCOIN 🐋
Never in the history of Bitcoin have whales been buying this aggressively.
Something’s about to blow…
Someone is considered a Bitcoin ‘whale’ when they accumulate 100 or more Bitcoin.
At current prices, that means you need to own over $6.86 million worth of Bitcoin to be considered a ‘whale’.
This week, crypto founder Quentin Francois pointed out something insane…
If you look at Crypto Whale addresses, recently, they’ve been going nuts:
“Never in the history of Bitcoin have whales been buying BTC this aggressive.”
Now, we can’t pinpoint exactly why Bitcoin whale buying activity has picked up so much…
Perhaps they want to get fully positioned before the election.
But something undoubtedly fishy is going on...
On-chain crypto analyst Tech Dev had this to say:
When Bitcoin blows, it blows.
If you’re caught on the sideline, you will end up paying… 🐋
THESE ARE GETTING LOW 📉
Today we’ve got a short but sweet one for you.
We’ll be taking a quick look at the amount of Ethereum available for sale on exchanges.
Here’s how to interpret this metric:
Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂
Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻
Currently there is 12,542,919 Ethereum available for sale on exchanges.
That’s ~10.43% of the entire circulating supply.
Which is seriously low…
Year-to-date this metric has fallen by 16,375,57 ETH (~$4.18 billion at todays prices)
So as it stands, ~89.57% of the circulating Ethereum supply is not on an exchange.
And instead being held by long-term holders.
We believe this bodes well for future price action. 🚀
CRACKING CRYPTO 🥜
Institutional investors now hold 20% of US-traded spot Bitcoin ETFs. Spot ETFs offered Bitcoin exposure to 1,179 institutions since their launch in January, according to 13F Form filings.
Solana memecoins steps into a new era with real-world utility and storytelling. This Solana-based memecoin blends real-world utility with the internet culture to drive innovation and create a profound impact.
Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris. The former president's probability of retaking the White House slid to 59% Wednesday before rebounding.
Ripple CEO Garlinghouse predicts crypto 'reset' after US election, criticizes Biden administration. "I think no matter what happens, we're going to see a reset," Garlinghouse said.
WHAT WE’RE READING 📚
Want to get even smarter? Check these out.
p.s. all completely FREE (one click subscribe link)
Raremints (link) - Daily crypto news
Bitcoin Breakdown (link) - Twice weekly Bitcoin news
Crypto Pragmatist (link) - Actionable alpha 3x a week
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”)
What is the maximum number of Bitcoin that can ever be created? |
MEME CORNER 😂
Because what would the crypto world be without its share of memes?
Trivia Answer: C) 21 million 🥳
Bitcoin has a supply limit of 21 million.
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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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