Bankless ROLLUP: Bitcoin's ATH Run | AI Memecoin Meta | Blobs Price Discovery | Microsoft Buying Bitcoin?
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Nov 1, 2024 The discussion kicks off with the rise of AI agents in crypto and growing Bitcoin inflows ahead of the U.S. election. They explore Ethereum's price discovery and potential Microsoft acquisitions of Bitcoin. A surge in meme coins and advancements in layer two networks is also highlighted. The hosts analyze Bitcoin's approaching all-time high, the dominance of USDC in the stablecoin market, and Robinhood's new prediction markets feature. They also touch on regulatory challenges for centralized stablecoins and the evolving nature of digital interactions.
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Bitcoin vs. Ether Price Action
- Bitcoin's price is nearing its all-time high, driven by ETF inflows and speculation around a Trump victory.
- Ether, while also up, hasn't kept pace with Bitcoin, possibly due to the latter's ETF adoption.
Bitcoin as a Trump Derivative
- Bitcoin ETF inflows are surging, possibly linked to increasing odds of a Trump victory.
- This suggests Bitcoin is acting as a Trump election derivative.
Emory University's Bitcoin Holdings
- Emory University reported holding $16 million in Bitcoin, marking the first endowment to disclose a Bitcoin ETF position.
- Their GBTC holdings suggest they've been in Bitcoin for a while.