Bitcoin News

💰 Strike CEO Predicts $1 Million BTC Amid COVID-Level Money Printing Bitcoin could be headed to $1 million after a tsunami of newly printed cash drives up all asset prices, according to Strike CEO Jack Mallers. The executive, whose payments app lets people remit fiat currency around the world on Bitcoin rails, said in a Friday interview that money printing will be required to bail out the U.S. bond market, which he claims is “in trouble for the first time in modern financial history.”According to Mallers, the U.S. government and the Federal Reserve have two options: either let the banking system fail, or print their way out of the mess. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin ETFs in the US drive higher crypto allocations among institutional investors Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January. The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This marks the highest level since the survey’s inception in 2021. Source https://t.me/Bitcoin_NewsTg

💰 Morgan Stanley considers allowing brokers to recommend Bitcoin ETFs to clients Morgan Stanley could soon allow its 15,000 brokers to recommend Bitcoin (BTC) exchange-traded funds (ETF) to their clients, AdvisorHub reported on April 24. The financial behemoth had initially greenlit BTC ETF purchases following approval earlier this year. However, these transactions were strictly initiated by customers, necessitating them to proactively engage with their advisors to delve into this asset class. Source https://t.me/Bitcoin_NewsTg

💰 Bitwise CIO predicts Bitcoin volatility will fall 50% as institutional adoption rises Bitwise CIO Matt Hougan provided a comprehensive outlook on Bitcoin’s trajectory towards the 2028 halving, predicting a 50% decrease in volatility and heightened institutional investor engagement. Bitcoin (BTC) hit a new all-time high weeks before the 2024 halving in an unprecedented surge. Hougan believes this trend will continue post-halving and cause Bitcoin’s price to escalate dramatically, as it has in the past since its $13 valuation at the time of its first halving in 2012. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange. The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion. The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week. Source https://t.me/Bitcoin_NewsTg

💰 Mt. Gox's Looming $9B Payout Could Weigh on Bitcoin Prices, K33 Research Warns The crypto market has mostly shrugged off last week's correction, but there's a possible catalyst ahead that could weigh on prices through the next few weeks, putting a rally higher in jeopardy. Mt. Gox, a crypto exchange that imploded due to a hack in 2014, is gearing toward distributing 142,000 bitcoin (BTC) worth roughly $9.5 billion and 143,000 bitcoin cash (BCH) worth $73 million to creditors, posing a substantial overhang on digital asset prices. Source https://t.me/Bitcoin_NewsTg

💰 Bitcoin transaction fees surge to make up 75% of miner revenue post-halving Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% — directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total. Source https://t.me/Bitcoin_NewsTg

💰 100k signatures can trigger Swiss national referendum on adding Bitcoin to country reserves Bitcoin advocates in Switzerland have initiated a campaign to trigger a National Referendum urging the Swiss National Bank (SNB) to include the flagship digital asset in its asset reserves. The campaign is spearheaded by Yves Bennaïm, the founder and chairman of 2B4CH, a nonprofit think tank, and enjoys support from Luzius Meisser, the chairman of asset manager Bitcoin Suisse. Source https://t.me/Bitcoin_NewsTg

DAVE PORTNOY: 🪙 I wouldn’t buy Bitcoin at these levels. I’m don’t think I can stomach getting back in until it’s in the 40’s again https://t.me/Bitcoin_NewsTg

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