Bitcoin’s Institutional Age Gets Underway – CHAINLETTER 24

Feb 16, 2024 | Chainletter |

It’s been a tremendous fortnight for the BTC price, unexpectedly so for many who argued that the impact of US ETFs had been discounted. We continue to make the case that any rational analysis argues for the opposite – we have just commenced a new journey. It’s notable that BTC has made a new high in a developed market, Japan.

Debasement – and crypto adoption – are global phenomena. Is there a liquidity speedbump ahead? We comment on STX.

Technical analysis  Bitcoin in Yen at an all-time high, are gold holders switching?
On-Chain  No sign of hodler selling; how to arrive at a US$250k target
Macro Liquidity speedbump incoming? Fidelity includes BTC in diversified ETF
Cryptoverse  Solana outage (again), stacking STX
CryptoTutor  What are airdrops?

READ CHAINLETTER 24