The Wolf Of All Streets

“OPEN STANDARD LAUNCHES $OUSD STABLECOIN BACKED BY COINBASE, MASTERCARD, SHOPIFY , STRIPE AND VISA, WITH OVER $1B COMMITTED TO INITIAL LIQUIDITY AND NATIVE SUPPORT ON ETHEREUM $ETH, SOLANA $SOL, BASE AND TEMPO”

“VanEck's Matthew Sigel on two ways higher yields could be bullish for Bitcoin "If the higher yields choke off the AI story, which is a legitimate bear case that people are grappling with, then there's a capital rotation. The whole debt market was primed to absorb a bunch of supply and build out these data centers." "Let's just say the bears are right, and Mag 7 cuts CapEx because the bond market is like, no, we're just not gonna fund this. Well, they may take 1% of that and fund a Bitcoin position instead. That would be the rotation story." "And then in terms of higher yields causing something other than AI to break, let's say it's a financial. People have the Silicon Valley Bank episode in their memories, where it's a one-weekend or short dislocation, quickly followed by a policy response. That reinforces why Bitcoin exists in the first place." "So I think that's my bull case, which I believe in and am putting capital behind."”

“Bitcoin To $113K? Citi Just Raised Its Target By 38% https://t.co/ml4mrS8SYR”

“NEW: 🚨 CITI RAISES ITS 12-MONTH $BTC TARGET TO $113,000 AND $ETH TO $3,028, EXPECTING ~$5B IN CRYPTO INFLOWS ON STRONGER ACTIVITY, ETF DEMAND AND A MORE SUPPORTIVE MACRO BACKDROP”

“NEW: 🚨 CITI RAISES ITS 12-MONTH $BTC TARGET TO $113,000 AND $ETH TO $3,028, EXPECTING ~$5B IN CRYPTO INFLOWS ON STRONGER ACTIVITY, ETF DEMAND AND A MORE SUPPORTIVE MACRO BACKDROP”

“Bitcoin To $113K? Citi Just Raised Its Target By 38% | @matthew_sigel Discussing Live @ 9 AM EST https://t.co/nbCuFwecGR https://t.co/iqkNj52djZ”

“U.S. SPOT ETHEREUM $ETH ETFS POST $2.81M IN NET OUTFLOWS ON SEPT. 29, ENDING A 7-DAY INFLOW STREAK THAT BROUGHT IN ~$850.8M”

“📈 U.S. SPOT BITCOIN $BTC ETFS RECORD 9 STRAIGHT DAYS OF INFLOWS, PULLING IN A COMBINED $3.07B”

“Bitwise surveyed 15 institutions, and none cut their Bitcoin exposure during the drawdown "You're asking what their allocations were - they were anywhere from 0.5% to 13%, pretty big for an institution, although most were somewhere between 1% and 2%, which is what we would anticipate." "Probably, when we get to the point where Bitcoin has reached mainstream adoption and everyone owns it, or 50% of people own it, it would probably be a 1% to 2% allocation, maybe pushing 3% to 5%." "So what should you be doing? What your high-school-dropout cousin Ray told you to do, sell Bitcoin at the bottom and panic? Or what BlackRock is doing, add to their allocation when the price is down? Seems quite obvious to me which side you'd want to be on." "Of course, this is an anonymous sample. It's small. I'm sure Bitwise selected them. But 15 for 15, none of these people reduced their exposure at all."”

“Bitcoin is on track for its strongest quarter since late 2024, despite rates above 5% and high inflation "Bitcoin is about to close its strongest quarter since late 2024, its first green quarter in quite a long time. And that was while interest rates were soaring and have largely been above 5%. So Bitcoin didn't care about the high inflation numbers, and I don't expect it to pump because of fake low inflation numbers." "As much as I hate to say it, because I was one of those guys who said the cycle is not going to be a thing, that it doesn't matter anymore, it coincidentally topped on the exact day it was supposed to, and it has been in a bear market ever since. Maybe Bitcoin remains a beautifully uncorrelated, idiosyncratic asset that you want in your portfolio precisely because it's not correlated to anything else." "Some days it is correlated, because some days all assets are correlated when they coincidentally move in the same direction, or there's a piece of news that moves them temporarily. But if you zoom out and don't pay attention to the daily moves, Bitcoin is not correlated, and is probably entering its own cycle." "Bitcoin has made a new higher high, is above all meaningful moving averages, and is likely entering a new cycle regardless of what happens in the rest of the economy."”

“Bitcoin Is Up 40% This Quarter - History Says Q4 Gets Even Better https://t.co/BOk8rylko1”

“Bitcoin Is Up 40% This Quarter - History Says Q4 Gets Even Better | @billbar Discussing Live @ 9 AM EST https://t.co/rpaFaqGiXg https://t.co/Q9mtNBbC9h”

“Mark Yusko on why higher rates aren't bad for Bitcoin "What does a rising rate environment actually mean? Is it restrictive? People think, oh, if they lower rates, that's printing money; if they raise rates, it's not. That's not actually how it works." "If the Treasury is buying back bonds in size, that is essentially printing money, it's creating money out of thin air to buy back the obligations that you issued before." "The bottom line is you've got to look at total liquidity, and you have to look at global liquidity. China is actually running the printing press much, much faster than anybody else, and global liquidity today, every day, makes new highs." "So the idea that higher rates are bad for Bitcoin just doesn't make any sense to me. Higher rates, interestingly, are a sign of economic strength. Low rates are a sign of economic weakness." "In a world of abundance and economic strength, I'm not sure I buy completely that we're there, but if we were there, that's actually better for any store of value, because in that environment governments are going to print lots and lots and lots of money." "So yeah, lowering rates usually comes when things break."”

“David Duong says ETF holders reclaiming $82K triggered profit-taking, and 80 is where accumulation starts "One thing that you didn't mention, and I think a lot of people aren't paying attention to it. Bloomberg's James Seyffart said that we've now reclaimed the $82,000 average cost basis for those ETF holders. And I think that part is what's important, because that is what's driving the price action over the last 24 to 48 hours." "It's very hard to reconcile, if we're flipping positive on all these flows, then why is it that we were down $2000 on Bitcoin? A big part has to do with the fact that people wanna take profits when they actually reclaim those levels, because they're like, oh man, I've been holding this forever. I'm up, get me out of here." "They're probably not the Bitcoin holders that would listen to the show, which would be like, are you kidding us? We've been holding for 10 years. What are you talking about? You've held it for 2 years." "On the other side of that, you also have a lot of dealers who are now sitting on short gamma positions on Bitcoin. So probably the combination of the two is what's dragged us a little bit lower." "This is obviously an unequivocal good for Bitcoin. I think you'll see it reset here, and I wouldn't expect it to reset below 80. I think it's probably gonna get to the 80 level again, and you're gonna start seeing buyers come in. But I would expect that this is a place you're gonna see more accumulation rather than people trying to capitulate."”

“David Duong says BTC could creep above $100,000 by year end, and de-dollarization isn't why "The de-dollarization theme is definitely one that drives Bitcoin. To a longer term kind of thinking, this is definitely how I see Bitcoin fall inside people's portfolios, because this is the hedge against whether any of these kind of currencies, including the dollar, probably won't have long term value." "But it's just whether it's something I'm pricing right now, that's the only kind of pushback I would have. I don't think it's what truly is driving any purchases that we get in the short term." "I think the short term has a lot more to do with: okay, technicals have been pretty poor for a while, things are recovering, liquidity is back, this looks like an asset that looks attractive right now. And I think this is kind of why we're seeing Bitcoin creeping higher." "But this is irrespective of the fundamental kinda macro that a lot of people are trying to attach the story to."”