• Bitcoin Sets Sights On $100K

• Bitcoin ETF Sets Record On Launch

• Trump’s Crypto Vision

• Cathie Wood Predicts Bitcoin Price Boom

• And more…

Market Data Prices as of 7:30am ET

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Bitcoin Fees Per Day:

This chart is a historical look at the Bitcoin fees per day.

How to Interpret

The orange line is the average fees per day.
The green line is the average fees per day in USD.
These are shown as a 30-day moving average to smooth out the data.
The raw data that's not smoothed by a 30-day moving average is also hidden by default, but can be turned on by clicking on the legend.

Why is it useful?

Bitcoin fees in USD often spike during Bitcoin bull markets.
Miners may also be interested in using this chart to estimate future earnings.

BITCOIN SETS SIGHTS ON $100K

Bitcoin has achieved yet another all-time high, this time skyrocketing to an incredible $97,862!

The milestone of $100,000 seems closer than ever—perhaps it’s already surpassed $100k by the time you’re reading this.

In today’s update we look at two drivers which are keeping the feet on the gas for this latest Bitcoin Bull Run…

BITCOIN ETF SETS RECORD ON LAUNCH

BREAKING: BlackRock BTC ETF Options Skyrocket to $2B on First Day

The launch of BlackRock’s Bitcoin ETF (IBIT) options has shaken the market, with nearly $2 billion in notional exposure traded on day one—a volume rarely seen for such products.

Senior ETF Analyst at Bloomberg, Eric Balchunas, was quick to point out the unprecedented level of interest on an ETF opening day:

According to another Bloomberg analyst James Seyffart:

This heavy preference for call options, which profit from price increases, aligns with Bitcoin's surge to new record highs during late U.S. trading hours Tuesday.

Analysts suggest this activity indicates significant institutional demand for cryptocurrency investments.

The SEC’s approval of options tied to spot Bitcoin ETFs in September paved the way for this landmark moment.

More Bitcoin options products are anticipated, which could deepen institutional involvement in the cryptocurrency derivatives market.

As key tools in modern finance, options provide traders the flexibility to hedge or capitalize on market volatility.

The strong debut of IBIT options reflects growing interest in digital asset markets and their evolving role in global finance.

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TRUMP’S CRYPTO VSISION 🏦

Reports from Bloomberg reveal that Trump’s team is considering a crypto-specific White House position.

Whether it becomes a senior role or a coordinating “crypto czar,” this development would cement cryptocurrency as a national priority.

Policy Overhaul: A Pro-Crypto Shift
Trump’s post-election actions further reinforce his crypto-friendly stance:

• Firing SEC Chair Gary Gensler to reform crypto regulation.

• Pledging to commute Ross Ulbricht’s sentence and establish a national Bitcoin reserve.

• Nominating crypto advocates, including Howard Lutnick and RFK Jr., for key positions.

Notably, Coinbase CEO Brian Armstrong has been involved in discussions, reflecting the administration's commitment to engaging with industry leaders.

Leadership Changes to Watch
The potential appointment of Teresa Goody Guillén as SEC chair adds to the optimism.

Her experience as a crypto lawyer could transform the regulatory environment, ushering in a new era for blockchain innovation.

What This Means for Investors

With a government embracing crypto adoption, the U.S. could become a global leader in the blockchain revolution.

For crypto enthusiasts, the future looks very bright.

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WOOD PREDICTS BITCOIN PRICE BOOM

Bitcoin is on the cusp of a significant price surge on the back of innovation and government crypto policy, according to Kathy Wood, the CEO of ARK Invest.

In a recent update, she highlights how a combination of pro-crypto policies and technological breakthroughs could fuel Bitcoin’s next major rally.

Wood points to Donald Trump’s emerging pro-crypto stance as a potential game-changer.

With the former president expressing support for Bitcoin and decentralized finance (DeFi), a return to power could reignite investor confidence and attract a wave of fresh capital into the market.

As the crypto space continues to evolve, Wood urges investors to stay informed.

Her full analysis offers a deeper dive into the factors she believes will drive Bitcoin's explosive growth, take a look at clips from her latest interview to find out more.

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OTHER NEWS

• Peruvian Bull delves into the rise of Bitcoin's 'Golden Bull Market,' examining factors like Trump’s crypto reforms, MicroStrategy’s big BTC purchases, and global liquidity flows fueling the surge.

• CoinDesk’s James Van Straten highlights why swapping bonds for Bitcoin in the classic 60/40 portfolio could supercharge returns, especially in inflationary times, positioning BTC above bonds and gold.

• Petter Englund unpacks Bitcoin conviction in five stages, from 'denier' to 'maximalist,' showcasing its disruptive potential to redefine economic systems.

• Rhinobitcoin examines Bitcoin’s shift from a store of value to a global unit of account, addressing challenges and its role as a decentralized alternative to fiat currencies.

• Matt Huang argues Bitcoin adoption by sovereign nations is creating a competitive economic shift, likening it to the historical game-changer of gunpowder.

• Naomi Brockwell calls for a privacy revolution, urging adoption of encryption and decentralized networks to counteract the surveillance state.

• Bram Kanstein discusses Bitcoin’s impact on valuing human productivity, connecting its scarcity with time and energy to create a fair, inflation-resistant standard.

• Sam Baker outlines Bitcoin’s rise as an alternative to the US dollar in his report on the ‘Dual Money Era’ and its implications for global finance.

MEMES OF THE WEEK

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.