The Bitcoin Business Newsletter | Fed Signals Spark Bitcoin Inflows

Key Insight of the Week

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This week we saw huge inflows into bitcoin on the news that the Fed might start cutting rates. As you know, Bitcoin’s price is highly correlated with global liquidity.

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Since Bitcoin's value is currently denominated in other currencies, changes in the liquidity of those currencies affect the money going into and out of Bitcoin.

Another reason is that mainstream investors still see bitcoin as a risk-on asset. Due to it’s high liquidity, when investors get scared, it’s often one of the first things they sell.

As we continue educating people on this nascent asset class, this short-term perspective will change, and bitcoin will take its place as the premier long-term asset and property.

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Top News Stories

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Semler Scientific Buys 83 Bitcoin, Reaching 1,012 BTC Total

Semler Scientific has expanded its Bitcoin holdings to over 1,000 BTC with a $5 million purchase, demonstrating its continued commitment to stacking.

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Bitcoin inflows hit $543 million last week amid hint of interest rate cut: CoinShares

Last week, bitcoin inflows totaled $543 million as Fed Chair Jerome Powell indicated the central bank may start lowering interest rates, according to CoinShares.

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Hong Kong Bitcoin ETFs Reach HK$2 Billion in Assets Under Management

Hong Kong’s spot Bitcoin ETFs have reached over HK$2 billion ($272M) in AUM, highlighting growing institutional interest in Asia

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Other Noteworthy News

🏙️Bitwise Brings The Bitcoin Ethos To Wall Street

💳Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier

🏛️Report From The DNC: Democrats Warm Up To Bitcoin And Crypto, But Offer No Policy Specifics

👥4,500 Companies Now Pay Their Employees in Bitcoin Using Bitwage

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Recommended Articles

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Bitcoin: Solving the Fundamental Problem of Money

Bitcoin’s rate of supply discovery is slowing down, by half, every four years — a first for any commodity! Satoshi solved not just the double-spending problem but also the fiat imalleable supply cap problem!

This is a fantastic article discussing the fundamentals of Bitcoin and the problems it solves in the world.

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Sovreign

Top 10 Reasons a Small Business Should Study Bitcoin for Potential Use

As digital currencies continue to reshape the financial landscape, Bitcoin stands out as a revolutionary force. Understanding and potentially integrating Bitcoin is increasingly essential for small businesses to stay competitive. Here are the top ten reasons small businesses should study Bitcoin and decide if a Bitcoin standard is right for them. Companies like Sovreign are available to help you achieve your business goals.

A great short article by our COO Joe McGee, highlighting 10 reasons why small businesses should consider Bitcoin.

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Recommended Podcasts

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#528: Bitcoin Is The Liquidity Alarm Bell with Preston Pysh

Episode · TFTC: A Bitcoin Podcast · Marty sits down with Preston Pysh to discuss further spiraling of the debt crisis and how bitcoin can help

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MicroStrategy, Metaplanet, & Real Bedford with Dylan LeClair

A must listen podcast from Dylan Leclair about Bitcoin’s corporate adoption.

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Chart of the Week

The chart shows the legal status of Bitcoin globally, in 2024. Let’s remember that any time a country tries to ban Bitcoin, its adoption and interest only grows.

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“Central banks, established by governments to create and control money, are inherently inflationary. They create money out of thin air, which dilutes the value of existing money and leads to inflation.”

– Friedrich Hayek

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