Bitcoin's sweet 16 has never looked better. This week, I'll unpack the hard data behind the new wave of adoption that's transforming magic internet money into mainstream reality.

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LINKS:

• BTC ETFs Record Massive $870 Million Inflows
• BTC price risks new 'FOMO' top as Bitcoin ETF inflows near $1B daily
• Spot Bitcoin ETFs on track to overtak Satoshi Nakamoto's BTC holdings by year-end 
• IBIT took in more $$$ *today* than all but 7 of the 590+ ETFs launched in 2024 have taken in *all year* 
• The market is getting even more concentrated
• Microsoft to vote for or against "Assessment of Investing in Bitcoin" during shareholder meeting in December
• CNBC reports on the soaring national deficit’s role in the election, noting that “neither politicians nor the public seem to care.” 
• The US Treasury expects to drain $186 billion this quarter from its general account plus borrow $546 billion, and then borrow $823 billion in the first quarter of 2025. That’s $1.6 trillion of overdraft spending in the next 6 months.
• The Case for Bitcoin as a Reserve Asset
• This is a very bullish setup for bitcoin into the election, says VanEck's Matthew Sigel - YouTube
• New FinCEN Alert Shows Cash, Smuggling Preferred Method For Hezbollah Financing
• Stephen Mollah Q&A - YouTube
• Macroeconomist claims to be Satoshi, creator of ChatGPT, and Twitter logo designer
• US Treasury says stablecoin growth is increasing demand for T-bills 

Music

• That Smile You're Wearing