• Solana Is Pumping Right Now

• Saylor In On Microsoft Purchase

• Larry Fink: Bitcoin and Crypto Will Shape Future Economies

• And more…

Market Data Prices as of 2:00am ET

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SOLANA IS PUMPING RIGHT NOW 💪 

The Resurgence of Solana: What’s Driving $SOL's Price Rally?

Hold onto your hats—$SOL is breaking records! Here’s the latest:

1. Market Performance: This week, $SOL has seen a 16.59% increase, while many leading projects in the top 10 are either stagnant or in decline. 👇

2. SOL/ETH Metrics: The SOL/ETH exchange rate has reached an all-time high, meaning that you can buy more $ETH with 1 $SOL than ever before.

3. All-Time High in REV: Solana's Real Economic Value metrics indicate record-breaking revenue from fees associated with voting and transactions.

4. Increasing Active Wallets: The number of active addresses is also climbing. While this figure can vary due to users holding multiple wallets, the upward trend is still promising.

What’s behind this momentum?

The answer lies in memecoins. A staggering 77.8% of trading volume on Solana DEXs is derived from these tokens.

In just the last day, over 40,000 new tokens have been introduced on Solana’s platform!

Price Implications for $SOL

As memecoin trading rises, so does the need for $SOL to cover transaction fees, driving up demand for this increasingly scarce asset.

SAYLOR IN ON MICROSOFT BITCOIN PURCHASE🏦

BREAKING: Microsoft Could Unlock 'Next Trillion Dollars' with Bitcoin,

Last Thursday, a pivotal announcement regarding Microsoft made headlines.

For those who haven’t seen it, here’s what you need to know:

On December 10, Microsoft shareholders will vote on a crucial decision to invest in Bitcoin as a treasury reserve asset.

Microsoft’s potential move into Bitcoin is set to shake the tech industry…

In a tweet, Michael Saylor reached out to CEO Satya Nadella, offering his assistance:

Interestingly, MicroStrategy is mentioned in Microsoft’s letter to shareholders about this proposal:

Interestingly, MicroStrategy is referenced in Microsoft’s letter to shareholders concerning this proposal:

Continuing, the letter explains:

Saylor often shares charts on X that illustrate MicroStrategy’s impressive performance, but these two are particularly noteworthy.

Since adopting a Bitcoin strategy in August 2020, MicroStrategy has surpassed the entire S&P 500.

Incredible!

What makes Saylor’s and MicroStrategy's achievements even more striking is their turnaround…

Before 2020, MicroStrategy was considered a “zombie company,” with stagnant revenue and a static stock price for over a decade.

A transformation was essential…

The introduction of Bitcoin has reinvigorated MicroStrategy, leading it to remarkable success.

And now, other technology giants are starting to pay attention…

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LARRY FINK: BITCOIN AND CRYPTO WILL SHAPE FUTURE ECONOMIES

Earlier this week, BlackRock held its Q3 2024 earnings call, where CEO Larry Fink made a notable comparison.

He likened Bitcoin to the early U.S. housing market, which is currently valued at $50 trillion.

If Bitcoin were to reach a similar market cap, each coin could be worth nearly $2.4 million.

As reported last week, Bitcoin ETF inflows are accelerating.

In the past week, BlackRock's Bitcoin ETF has added over $1 billion in Bitcoin, potentially tightening its supply.

This shift marks a significant turnaround for both BlackRock and Fink, who were once Bitcoin skeptics.

During the call, Fink detailed his transformation from a critic to a supporter of the digital asset.

Beyond Bitcoin, BlackRock is also optimistic about Ethereum and the broader potential of blockchain technology.

They believe that as the world becomes more digital, cryptocurrencies and blockchain will play a crucial role in shaping the future.

With continuous money printing and a weakening dollar, BlackRock views Bitcoin as the new "digital gold," offering a safe haven for investors.

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FOR THE FERTILE MIND…

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

The Conservative Case For Bitcoin - Mitchell Askew
Contributions to Philosophy (Of The Event) - Martin Heidegger
Liberty and Property - Ludwig Von Mises
Concept of the Political - Carl Schmitt
Austrian Economics: An Introduction - Murray Rothbard

OTHER NEWS

• The Pennsylvania House approves a bipartisan 'Bitcoin Rights' bill that clarifies rules for self-custody, Bitcoin payments, and taxation.

• Microsoft shareholders will vote on a proposed Bitcoin investment, but the board recommends against it following a think tank's suggestion.

• BitRiver and the Russian Direct Investment Fund are partnering to boost Bitcoin mining efforts across BRICS countries, utilizing 21 Russian data centers.

• Lightspark launches Spark, a new Layer 2 Bitcoin protocol designed for faster, cost-effective transactions and enhanced Universal Money Address functions.

• If the Democratic Party of the People wins, Japan could cut Bitcoin and crypto taxes from 55% to 20%.

• Switzerland unveils new statue honoring Satoshi Nakamoto, creator of Bitcoin.

• Argentina’s National Securities Commission is pivoting from a restrictive to a supportive stance on Bitcoin.

• Tether has refuted allegations of a federal investigation into potential sanctions and anti-money laundering violations, following a Wall Street Journal report.

• Michael Saylor, facing backlash, endorses self-custody for Bitcoin and cheekily tweets at Microsoft’s CEO about future profits.

• Bernstein research publishes a ‘Black Book’ asserting Bitcoin could reach $200k by 2025.

• Foxbit integrates the Lightning Network in partnership with Lightspark to enhance Bitcoin transactions for Brazilian customers.

• The Bitcoin Policy Institute calls for central banks to include Bitcoin in their reserve portfolios.

• Denmark is proposing a 42% annual tax on unrealized gains from Bitcoin and crypto, possibly starting in 2026.

• Bitcoin’s hashrate has reached a record high, signifying improved network security.

• Bitcoin balances on exchanges are declining steadily, hitting a five-year low.

• According to Wired, Peter Todd is reportedly in hiding after being implicated as Satoshi Nakamoto in a controversial documentary.

• Peter Todd disputes claims of being in hiding at a Bitcoin conference, calling the reports exaggerated.

• Donald Trump is seen serving fries at McDonald's just days after a disappointing crypto launch.

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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.