CRYPTO 101

Crypto Rundown: BITCOIN HITS ALL TIME HIGHS, Everyone is Buying Bitcoin, & The Genius Act Update

8 snips
May 21, 2025
The podcast dives into Bitcoin's surge towards all-time highs, fueled by institutional interest and investor sentiment. It discusses the implications of the Genius Act on stablecoin legislation and highlights MicroStrategy's aggressive Bitcoin acquisitions. The conversation shifts to a preference for Bitcoin over gold among younger generations and the potential transformation of traditional assets through tokenization, particularly by Robinhood. Security concerns surface with a recent Coinbase data breach, underlining the need for better protections in the evolving crypto landscape.
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INSIGHT

Bitcoin Nears New Highs

  • Bitcoin is approaching new all-time highs with increasing momentum.
  • Altcoins lag, causing Bitcoin dominance to rise as investors await broader market rallies.
INSIGHT

Genius Act Boosts Dollar and Crypto

  • The Genius Act aims to modernize stablecoin legislation by requiring full backing with cash or Treasuries.
  • This backing increases demand for U.S. Treasury bills, strengthening both the dollar and crypto market.
ANECDOTE

MicroStrategy and Sovereigns Accumulate

  • MicroStrategy purchased 7,390 Bitcoin at an average price of $103,500 each, continuing their aggressive accumulation.
  • Sovereign entities increasingly gain Bitcoin exposure directly and via MicroStrategy, signaling institutional confidence.
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