NEW: 🇺🇸 18% of U.S. citizens are millionaires. If you exclude primary residence, that number drops to 2% 👀
Homes shouldn’t have to be a Store of Value (SoV).
Bitcoin solves this by absorbing the price premium assets such as houses currently have due to people buying them EXCLUSIVELY to protect their money from being printed away.
🇸🇻 El Salvador received a $1.62 billion investment from Turkey's Yilport to develop two seaports, including a port near the planned Bitcoin City.
💸 This is the largest private investment in the history of the country.
You know what's brilliant?
Halving, bull rallies, and U.S. presidential elections coincide every four years. This means the 50 million U.S. holders will influence elections, and candidates can't ignore them. 😅
🇺🇸American presidential candidate Donald Trump gave an interview to Elon Musk.
⛔️ Main
⛔️ The war in Ukraine happened because of Biden's policies.
⛔️ Putin is an excellent negotiator;
⛔️"I hope we get along with him again (if we win the US election). You know, getting along with him would be a good thing, not a bad thing."
⛔️ Putin is a good negotiator and Biden “did something stupid” by allowing the possibility of Ukraine's admission to NATO, thus provoking Russia into a military response.
⛔️ Ukraine does not have enough men, it has lost "many more people than is believed" and now the authorities send very young and very old men to the front.
⛔️ Russia defeated Germany along with the United States. Napoleon. They have great strength;
He called "nuclear warming" the biggest threat to humanity, not global warming.
⛔️China can surpass the United States in the size of its nuclear arsenal;
⛔️Musk has offered himself a position in the Trump administration if he returns to the White House.
#Bitcoin Rainbow chart shows that $BTC is currently in the accumulation zone.
Last cycle, we peaked in the “FOMO Intensifies” zone.
If we reach that area this cycle, $BTC could range between $150,000 and $190,000.
Very good morning. Don't forget to see what you need to know this morning:
🔵 The "bleeding" for the Grayscale Ethereum ETF has been paused. For the first time since its launch, it had no net outflows of money.
🔵 Bitcoin whales are taking advantage of strategic buying opportunities. Large capitals are accumulating BTC while, in general, there are bullish expectations.
🔵 Metaplanet, the "Japanese MicroStrategy" already accumulates more than 300 bitcoin. For the Japanese company, bitcoin is a store of value and they will continue to buy.
🔵 Solana is now the favorite network for PayPal cryptocurrency. Low fees and higher transaction speed drive demand for PYUSD on Solana over Ethereum.
🚨 Blackrock Buys 228 #Bitcoin
Every day 
More than 1 million Bitcoin wallets now hold at least 1 BTC 😎
The cost of electricity to produce 1 bitcoin is 60k
The total production cost includes (electricity + warehouses + labor...etc) is much more than 60k
Now BTC is trading on exchanges below 60k.
The logic is simple => BTC is undervalued below 60k.
You may think that BTC is like this chair.
The cost of wood material to produce this chair is 6$.
The total production cost includes (wood material cost + warehouse + labor +...etc) is much more than 6$, probably 10$
It is now selling on Amazon for $6
🙈
#Bitcoin Weekly targets remain in tact out the Cup and Handle to $120k
Marathon announces a fundraising of USD 250 million to buy more
#BTC
The new raising is part of Marathon's strategy to adopt a "full hodl" position and turn Bitcoin into a strategic reserve asset for the company.
Bitcoin has dipped below its historical post-halving growth trajectory range.
If it returns to this range before year-end, we're looking at a high likelihood of a six-figure value for one BTC.
Average monthly inflow of USDC and USDT across all exchanges equals $53 billion per day, which is above the annual average. The record inflow of $72 billion per day occurred when the price was at $70,000.
The increase in stablecoin inflow directly correlates with BTC purchases.
Bitcoin miners buy 84,000 BTC as analysts predict a possible rise to $70,000
In July, Bitcoin was significantly accumulated by large investors, colloquially known as 'whales'. These organizations purchased 84,000 Bitcoins, the highest level of monthly purchases since 2014. Such large-scale buying activity often portends increased market volatility and potential bullish trends. Historically, such whale-like actions are harbingers of significant changes in the market.
Analyzing the market reaction
The market witnessed a temporary dip when the bitcoin price reached around $50,000. Despite this, record levels were recorded in both futures and spot trading. Futures trading volumes reached $154 billion, while spot trading rose to $83 billion, demonstrating strong market engagement. The bitcoin price has since rebounded 23% from its one-week low, indicating a strong market recovery and renewed investor interest.
Could Bitcoin reach new heights soon?
Market analysts are predicting that bitcoin could soon reach a peak of $70,000. Significant buying during the price drop below $50,000 suggests that Bitcoin is effectively dealing with selling pressure and may be set for an upward move. Expectations for price gains in the coming weeks are rising and Bitcoin is currently trading at $60,540.
Key market dynamics and information for investors
Several important factors for investors to consider include bitcoin's price stability around the $50,000 mark, which has consistently attracted large-scale buying. Impressive trading volumes during price drops emphasize the market's interest. Moreover, the stability of the BlackRock Bitcoin-ETF reflects strong institutional confidence, as only one day of outflows has been noted this year. These dynamics suggest that Bitcoin may be gearing up for significant market moves in the short term.
Conclusion
To summarize, the recent accumulation of Bitcoin by large investors points to potential bullish trends and significant upcoming market activity. Continued interest in the $50,000 price level and the steady performance of institutional investment vehicles such as the BlackRock Bitcoin ETF reinforce the positive outlook. Investors should remain attentive to these developments as they may herald a new phase of Bitcoin growth.
A burned king's crown
#inkblotart
Tomorrow Trump is going to be interviewed by Elon on Twitter 👀🔥
4 years ago MicroStrategy debuted in bitcoin, how has it gone? 👀
The company's stock is the second best performer in the S&P 500 over the past 4 years. 🤑
Today, August 11, marks a new anniversary since the company acquired its first bitcoin.
What do you think about accumulating bitcoin in company treasuries?
Me casually at dinner when my family asks how my Bitcoin investment is going:
https://video.nostr.build/2a08c76dbf33b989a61ac12769cfa840e0336350b8745a17849c2a602e0bd147.mp4
FUN FACT: 🟠 A dozen eggs in the US is currently going for about 44 bits & 99 sats 👀
💸 4 years ago, MicroStrategy adopted the Bitcoin standard.
Since then, Michael Saylor's company has outperformed all major assets, companies, and indices in terms of growth.
