Crypto News: BTC ETH ADA DOGE Square, NYDIG, ARK and so much more

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#BTC #ETH #ADA #NYDIG $SQ #ARK #CathieWood

Crypto Market Update – Crypto News: BTC ETH ADA DOGE Square, NYDIG, ARK and so much more

The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.

Takeaways
“Supply is shrinking”
“demand is rising”
“risk for traditional investors has tilted toward failing to allocate some assets to Bitcoin”
Tension among those that hold no bags!
BLOOMBERG: The Risk is Not Having BTC

Takeaways
Nearly $1BN gone in an hour
Big investors accumulating and going to cold storage
Supply continues to disappear

Takeaways
Hitting 1.7 today
I call for a $3 ADA this year
Analysts say $5

ADA Breakout

Takeaways
CH “DOGE isn’t sustainable and is likely to result in a systemic, catastrophic failure that will disenfranchise millions of investors”
Destroy the reputation of crypto
Greed: everyone wants the fast 10x
Cardano Founder on Doge “Threat”

Takeaways
Advisors probably warning Elon Musk of SEC threat
Warns users
Still lots of hype for SNL
“I think people should not invest their life savings in cryptocurrency, to be clear. I think that’s unwise.”
Elon Cooling on Doge

Takeaways
Megan Kaspar from Magnetic nailed ETH prediction jan 14 to go to Mid 3K
Now she is saying 8-10K and 100K in next few years
June Call $8000 Strike Options are in play
200K BTC
Magnetic Ethereum News

Takeaways
ETH has advance more than 350%.
Big demand for ETFs
3 in Canada are taking off
I don’t see the SEC approving an Ethereum ETF until we have a Bitcoin ETF that has already begun trading.
VanEck Filed for First ETH ETF

Takeaways
ADA up 144%
ETH up 104%
Like ETH vs BTC
ETH vs ADA

Takeaways
3318+ 4709 from Oct 2023 @ $10,617
3,318 bitcoin at an average price of $51,235.68 per bitcoin
Avg cost $27,407
Profit $245M
Will continue to accumulate
Square Accumulating BTC (Now #3)

Takeaways
Nearly 0.5% BTC
56K Shares = 1BTC
Bitcoin Value = 1.01 BTC
The Square Bitcoin Math
SQUARE
SQ

1 BTC in SQ
56736.17776
$13,385,199.06
SQ
$235.92
Buying 1 share of SQ means you buy
0.00001762543829
Bitcoins
BITCOIN QUOTE
$57,576.50
Premium on Purchase
BTC Owned
8,027
Cost per share today
$235.92
per Share
Mkt Cap
$107,442,992,840
Bitcoin Value
$1.01
per Share
BTC Value
$462,166,566
0.43%
BTC
Premium on Purchase
$234.91
$ Value of Premium
Net cap
$106,980,826,275
99.57%
CAP
% Premium on Purchase
99.57%
Premium to own BTC
Shares
455,421,299
Check
$107,442,992,840.00
$106,980,826,274.50

Takeaways
SQ reported a staggering $5.06 billion in revenue in its Q1 2023 earnings report, far ahead of an expected tally of $3.36 billion
BTC rev up 11x yoy
Square Results (up 4.2%)

S&P Bitcoin Index – measures performance of BTC
S&P Ethereum Index – measures performance of ETH
S&P Cryptocurrency MegaCap Index – BTC & ETH
The S&P Crypto Indices

Wall St Turns to De-Street
John Dalby, CFO of Bridgewater joining NYDIG
Old world key players are moving to the new world
De-central bank w ultimate risk-on risk-off asset ie BTC

BTC indisputably a risk-on asset
Has counter-cyclical protective characteristics
Cathie Wood finds it correlated to real estate
BTC Risk On or Risk Off Asset?

Takeaways
Goldman getting in on the game
Show more adoption
Will bring about more stability but maybe also a little more manipulation
More Derivatives

Takeaways
Outflows of $1BN – not a month of redemptions yet
Stocks down 30-35%
“I love this scenario”
“I expect 25% to 30% return range”
Short Term Pain = Long Term Exponential Growth!
Cathie Wood from ARK on the Market

Gary Gensler, the new head of the U.S. SEC, told CNBC that he recognizes bitcoin as a “scarce store of value.”
Let’s Get Political

When asked about the rising value of cryptocurrencies, Bank of England Governor Andrew Bailey said:
“They have no intrinsic value.”
Andrew Added:
“I’m going to say this very bluntly again…buy them only if you’re prepared to lose all your money.”
CBs Nervous

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Crypto News: BTC ETH ADA DOGE Square, NYDIG, ARK and so much more

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Kane Dane