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Crypto Mania Is Here
PLUS: Saylor Buys Another $2.1BN & ONLY 3 Weeks To Go!
Crypto Mania Is Here
Saylor Buys Another $2.1BN Bitcoin
Only 3 Weeks To Go!
And more…
Market Data Prices as of 4:30am ET
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CRYPTO MANIA IS HERE
Welcome to the Mania Phase – the Point of No Return! 😵💫
The journey to mainstream media attention is always fascinating.
And if you're a crypto enthusiast, you know it’s a crucial milestone in any bull cycle.
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But first, let’s break down news levels:
Personal News: Topics you and your close-knit circle discuss (e.g., crypto gossip).
Subcultural News: What people in specific age groups or niches are buzzing about (e.g., the Diddy story).
Widespread News: Conversations most people know (e.g., U.S. elections).
Global News: The stuff that truly gets everyone talking (e.g., COVID-19).
These categories overlap but rarely blend seamlessly.
However, crypto does something remarkable every few years:
It climbs from niche chatter to global headlines. 💥
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Source: @JollyGreenMoney
We believe we’ve hit that pivotal moment.
Here’s why:
1️⃣ Bitcoin Hits $100K
The catalyst for all this? Bitcoin hitting $100k. Suddenly, mainstream media like Financial Times is issuing playful apologies for doubting the market.
And yes, they’re even running articles on memecoins now:
The Financial Times are writing articles about MOODENG, PNUT and CHILLGUY The Financial Times. Do you understand how crazy things are going to get, anon?
— CloudAICrypto (@cloudaicrypto)
2:38 PM • Dec 10, 2024
2️⃣ The BBC Joins the Hype
The BBC is fast losing traction as a new outlet in the UK, with many people witholding license fees in protest of their Anti-UK stance and sinister employee history (ahem… Jimmy Saville).
All of that…ahem… aside…. they recently brought a finance professor onto BBC News discussed how FOMO among younger investors could push Bitcoin prices even higher.
What next for Bitcoin after bursting $100k barrier?
— BBC News (World) (@BBCWorld)
1:31 AM • Dec 6, 2024
Not only that, but fascinatingly they then went as far as to invite a reporter onto BBC News to shill for Ethereum in a feature on Bitcoin!
As you can see this didn’t go down too well among some members of the BTC community on X…
Bitcoin has been around for 15 YEARS
And yet the BBC invites Karen the #ETH bag holder to explain how #bitcoin works on national television.
Karen gets various things wrong and literally tries to shill #Ethereum.
BBC you’re a bloody joke
— Joe Nakamoto ⚡️ (@JoeNakamoto)
12:08 PM • Dec 6, 2024
3️⃣ Bitcoin Front and Center on NBC News
The growing popularity of digital currencies has become a topic for financial advisers, making it to NBC's homepage.
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🚨 Heads up! If you’re suddenly getting texts from old friends asking for crypto tips, that’s another telltale sign the mania phase is in full swing.
While we can’t predict every twist, one thing is clear: the world is paying attention.
SAYLOR BUYS ANOTHER $2.1BN BITCOIN📉
Renowned Bitcoin development company MicroStrategy (MSTR) has strengthened its crypto portfolio with a massive purchase of 21,550 BTC, valued at $2.1 billion.
The acquisition, completed during the week ending Dec. 8, was financed through the sale of $2.13 billion in company shares, as revealed in a recent regulatory filing.
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR
— Michael Saylor⚡️ (@saylor)
1:04 PM • Dec 9, 2024
Following this move, MicroStrategy retains $9.19 billion from its $21 billion ATM share sales program.
With this addition, MicroStrategy’s total Bitcoin holdings now stand at an extraordinary 423,650 BTC, worth nearly $42 billion.
This positions the company, led by Michael Saylor, as a holder of over 2% of the total Bitcoin supply, underscoring its commitment to the digital asset.
Still too much blue on SaylorTracker.com.
— Michael Saylor⚡️ (@saylor)
1:01 PM • Dec 8, 2024
In an extraordinary display of Bitcoin accumulation, MicroStrategy has spent the last five weeks acquiring massive amounts of the cryptocurrency, adding up to $15.63 billion. Here’s the week-by-week breakdown:
December 1: 15,400 Bitcoin for $1.5 billion
November 24: 55,500 Bitcoin for ~$5.4 billion
November 17: 51,780 Bitcoin for ~$4.6 billion
November 10: 27,200 Bitcoin for ~$2.03 billion
The firm has maintained a consistent approach, committing billions to expand its already massive Bitcoin holdings. These numbers are unprecedented, with many calling the sheer scale of the purchases “absolutely ridiculous.”
With this aggressive strategy, MicroStrategy is not only securing its position as the largest corporate Bitcoin holder but also driving significant market dynamics in the crypto space.
This buying spree coincided with a pivotal moment for Bitcoin as its price soared beyond $100,000, marking a historic milestone.
The surge was fueled by increased U.S. investor demand and record inflows into spot Bitcoin ETFs, which attracted $2.73 billion last week, according to Farside Investors.
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ONLY 3 WEEKS LEFT TO GO!
The crypto market is gearing up for a monumental boom, one that could surpass anything we've seen before.
Raoul Pal, CEO of Real Vision and a veteran macro strategist, points to staggering growth in the crypto sector—currently expanding at a rate twice as fast as the internet did in its early days.
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With this accelerated adoption, Pal predicts the market could soar to $100 trillion in value, with up to 4 billion users flocking to the space within just five years.
Pal outlines the crypto market cycle as having four key phases, and the "crypto fall" is where the magic happens.
This phase, characterized by explosive growth and massive market gains, could kick off as early as next year, according to his analysis.
Watch the full video below to hear Pal delve into why this upcoming surge could redefine the crypto landscape forever.
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OTHER NEWS
💸 Eric Trump: Bitcoin's $1 Million Potential. Eric Trump expressed strong confidence in Bitcoin, predicting it will reach $1 million. He criticized the inefficiencies of traditional banking, positioning Bitcoin as a transformative solution.
💰 Bitcoin Crowned "Digital Gold" by US Treasury. In its FY 2024 Q4 report, the US Treasury officially recognized Bitcoin as "digital gold," acknowledging its role as a store of value in DeFi. The report highlighted Bitcoin’s $2 trillion market cap and its growing influence on traditional finance, while stablecoins continue to drive demand for US Treasuries.
🏭 Bitmain Strengthens U.S. Operations. To address trade tensions and supply chain disruptions, Bitmain has launched a U.S. production line. The move aims to ensure quicker delivery of Antminer S21 Pro units, reducing dependence on Chinese supply chains.
💼 Push for Amazon to Invest in Bitcoin. The National Center for Public Policy has urged Amazon to allocate 5% of its $88 billion cash reserves to Bitcoin. Highlighting Bitcoin’s 1,246% five-year growth and MicroStrategy's success, the group argued that Bitcoin could outperform traditional investments like corporate bonds.
🚀 Paul Manafort Predicts a $100K Bitcoin and Beyond. Paul Manafort, former Trump campaign chairman, expects Bitcoin to break $100,000 soon. He teased even loftier milestones, declaring, "To those celebrating $100K Bitcoin, you’ll be celebrating much higher."
📜 Call to Eliminate Bitcoin Capital Gains Tax. Mark Mason has proposed that Donald Trump eliminate capital gains tax on Bitcoin. He argues this move could stimulate U.S. innovation and enhance financial sovereignty, positioning the country as a leader in the digital economy.
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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.
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