• Saylor Wants Bitcoin Bank

• Trump To Launch Crypto

• US Investors Want Crypto

• And more…

Market Data Prices as of 3:30am ET

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SAYLOR WANTS BITCOIN BANK

BREAKING: MicroStrategy Sets Sights on a Trillion-Dollar Valuation in the Bitcoin Banking Arena

MicroStrategy founder Michael Saylor has set his sights on transforming the company into a trillion-dollar Bitcoin bank.

By strategically using debt financing and aggressively investing in Bitcoin, Saylor believes MicroStrategy can maximize its returns and lead the charge in the financial sector's adoption of cryptocurrency.

His long-term vision is for MicroStrategy to become a dominant player in the Bitcoin space, potentially achieving a trillion-dollar valuation as a result.

In a recent discussion with Bernstein analysts, MicroStrategy founder Michael Saylor outlined the company's strategic roadmap to becoming the world's leading Bitcoin bank, with aspirations of achieving a trillion-dollar valuation.

Unlike traditional financial institutions, MicroStrategy relies on borrowing at low interest rates and reinvesting those funds into Bitcoin, targeting an impressive 29% annual return.

Saylor emphasized that the company has amassed over 252,000 BTC, currently worth $15 billion.

He believes the continued growth of Bitcoin could propel MicroStrategy to become a dominant player in the global financial markets.

He said:

Saylor predicts that Bitcoin could soar to millions of dollars per coin, positioning MicroStrategy as a trillion-dollar company with a diverse array of Bitcoin capital market instruments.

He highlighted that borrowing funds to invest in Bitcoin—rather than lending them out—significantly reduces counterparty risk and enhances return potential. Saylor is confident that MicroStrategy's strategy of linking USD with Bitcoin markets through specialized investment products sets it apart from its competitors.

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TRUMP TO LAUNCH CRYPTO

Trump-Backed World Liberty Financial Launches Public Token Sale

World Liberty Financial, a newly emerging decentralized finance (DeFi) protocol endorsed by Donald Trump and his family, revealed its plans to initiate token sales on Tuesday, just three weeks ahead of the presidential election, where Trump is running as the Republican nominee.

"The public sale begins on October 15th and is available to all who qualify via the whitelist," the project's social media account announced on Friday.

At the helm of World Liberty Financial are Zachary Folkman and Chase Herro, who were formerly involved with Dough Finance, a DeFi platform that experienced a $2 million breach in July.

The Trump family has openly promoted the new project, with Donald Trump taking on the role of "Chief Crypto Advocate."

His sons, Eric and Donald Trump Jr., have assumed positions as "Web3 Ambassadors," while Barron Trump is described as the "DeFi Visionary."

The project seeks to raise $300 million from the sale of tokens, setting its valuation at $1.5 billion, according to a roadmap reported by The Block on Thursday.

The forthcoming token, WLFI, will serve as the protocol's governance token, giving users voting power over decisions related to its development, the report mentioned.

The team also proposed launching on Aave's v3 platform on Ethereum’s mainnet to provide liquidity for ether (ETH), wrapped bitcoin (wBTC), stablecoins, and potentially other digital assets, per an Aave governance post on Wednesday.

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US INVESTORS WANT CRYPTO

Survey Shows Nearly 50% of U.S. Investors Eye Crypto ETFs, According to Charles Schwab.

In its annual investor survey, Charles Schwab found that interest in cryptocurrency is on the rise. Among 2,200 U.S. investors aged 25 to 75, 45% said they plan to invest in crypto ETFs in the coming year, up from 38% the previous year.

This growing interest in crypto has even outpaced traditional investments like bonds and real assets such as gold and oil.

A closer look at generational trends reveals that millennials are leading the charge. An impressive 62% of millennial ETF investors plan to invest in crypto, far surpassing the 48% who favor U.S. stock ETFs.

On the other hand, boomers are more hesitant, with only 15% planning to invest in crypto ETFs. Gen X shows a more balanced approach, with 44% interested in crypto and 56% favoring U.S. equities.

Given this data, it's surprising that Charles Schwab has yet to launch its own crypto ETFs. Will we see this change soon?

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FOR THE FERTILE MIND…

You are what you read! Here is what we are reading right now…

Cryptosovereignty - Erik Cason
The Sovereign Individual - James Dale Davidson and Lord William Rees Mogg
Contributions to Philosophy (Of The Event) - Martin Heidegger
Liberty and Property - Ludwig Von Mises
Concept of the Political - Carl Schmitt

OTHER NEWS

• HBO fingers Peter Todd as Satoshi Nakamoto, with Todd denying it and many in the community calling it a reckless act.

• NYDIG research note reveals Bitcoin remains 2024's top-performing asset despite Q3 challenges, with a 49.2% year-to-date increase.

• Blockstream announces the launch of Simplicity on the Liquid testnet, a smart contracting language designed to surpass Bitcoin Script and Ethereum's EVM.

• 2140 launches at Amsterdam 2024, which is a non-profit co-founded by Bitcoin developers Josie Baker and Ruben Somsen, dedicated to supporting open-source Bitcoin research and development.

• PwC survey reveals 47% of traditional hedge funds maintain Bitcoin and crypto exposure, driven by increased regulatory clarity.

• El Salvador's Bitcoin strategy pays off as foreign investors’ interest in the country's bonds increases, despite alleged attempts of sabotage by international organizations.

• Samson Mow claims there are covert operations to subvert nation-state Bitcoin adoption by certain international organizations.

• Bitcoin Core fixes critical vulnerability that allowed attackers to crash Bitcoin Core nodes remotely by triggering an assertion in the blocktxn message handling logic.

• UAE Government exempts Bitcoin and crypto transfers from VAT, retroactive to 2018.

• National Bank of Bahrain launches Bitcoin investment fund with ARP Digital, offering institutional investors capped gains and full downside protection.

• Dubai, Switzerland, and South Korea rank as top Bitcoin and crypto business destinations in 2024, driven by legal clarity, tax benefits, and robust infrastructure.

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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.