Bitcoin is soaring today about to break through all-time highs and with the price today already above the 2021 highs and just under just 1% under the 2024 highs we saw earlier this year the big question is how much higher could we go who's buying so much Bitcoin right now and what should we expect next well number one let's just take standing of where we are today these are the top Bitcoin holders in the world Satoshi Nakamoto obviously in first then binance the exchange then Black Rock already number three then grayscale micro strategy US Government Etc
what's interesting and what the mainstream media won't report I will is that the US spot ETFs are scheduled to hit 1 million Bitcoin held by next Wednesday and then pass Satoshi by mid December all before the ETFs even turn one years old because they've been adding about 177,000 Bitcoin per week that said anything can happen expect violent dips along the way but the trend is pretty revealing this is the number of Bitcoin bought by ETFs in this last week and this is the amount of Bitcoin mined in the last week demand is outpacing Supply and
just today the most relevant information happening today huge trading volumes for us Bitcoin ETFs today black rock is already over 2 billion million dollar in volume and the day is not over yet also they're already number five out of all ETFs are metrics better than what we saw in earlier in 2024 or 2021 well BTC about 6 months ago back in March was $71,000 at that time coinbase in the App Store ranked 20th today BTC is around the same price yet coinbase in the App Store ranks over 400th price is the exact same but retail
isn't back at all and by the way make sure you follow us on Instagram there's a link down below you'll get exclusive content and we shared this a few weeks ago warning when you see this sell immediately meaning when coinbase or popular cryptocurrency apps are trending SL ranking number one in the app store that's a top signal that means retail is here today Bitcoin is literally 1% from previous all-time highs and retail's not here compared to we've seen in the past also this was huge it kind of went under the radar but this has huge
implications on markets not a lot of other crypto or Finance channels are sharing this with you but big bullish Black Rock CEO Larry Fink predicting at least another 25 basis point rate cut before the end of the year before the FED finishes this year would you expect a 25 basis point rate cut or a 50 basis point or you don't know I think it's fair to say we're going to have at least a 25 but that being said I do believe we have greater embedded inflation in the world than we've ever seen we have government
policy is much more inflationary whether it's immigration excuse me um um our our policies of uring all of this no one is asking the question at what cost historically we were I would say a more consumer-driven economy that the cheapest products were the best the most Progressive Way of politicking to today I think we have governmental policies that are embedded inflationary and and and with that being said I think we're going to we're not going to see interest rates as low as people are forecasting the more rates are cut the less weight the less gravity
is on markets the more prices tend to go up and the more rates the higher the rates are in markets that's gravity to the market so we like the rate Cuts also cardano collabing with Bitcoin L2 is such a big deal the biggest thing is Bitcoin coming to cardano guys this this was personal for me and and I almost cried when I saw the zero knowledge transaction happen if you want a beginner's guide on what this cardano Bitcoin collaboration means highly recommend to check out this video the cardano CEO is not messing around I didn't
believe it when I first saw it so what the Bitcoin operating system people did uh this is it and Yago people and I think cirio learner and a few others had some some the preliminary ideas about this is they figured out how to embed using tap rot into the Bitcoin blockchain uh an ability to install Zer knowledge proofs now what this does is it actually gives a brain and eyes to bitcoin what that means is you can now trustless connect Bitcoin to other ecosystems so the whole hybrid application model opens up and there's 1.3 trillion
dollars of Bitcoin there's over a hundred million users it's the one of the biggest markets in the world and cardano is the native touch point because we're both utxo systems it's exceedingly easy to connect these two systems and develop these two systems so what does that mean it means Bitcoin can flow into cardano and with Babel fees coming next year they will be able to pay transaction fees in Bitcoin under the hood Ada is being consumed but you know there's markets that so creates demand for Ada now if you're wondering why altcoins aren't going up
well it's because Bitcoin dominance is going up it just hits 60% and actually zooming out to the live chart we see it's at 6.13 right before altcoin season in the 2021 cycle four years ago Bitcoin dominance got as high as 73 I personally think we're seeing diminishing returns just because there's way more altcoins now uh there's better altcoins and worse but there's more and better I think 60% is close to the top of Bitcoin dominance now we could stay here for weeks we could easily hit 64 65 but just like altcoin seasons of the past
when Bitcoin went from 73 dominance to 39 in the span of 5 months I'm personally expecting to see something similar in 2025 on the global markets I think truly has the potential to transform what people do on public blockchains and speaking of altcoins ando's Chief strategy officer lays out the future of Ando finance and tokenizing the world the goal is to take publicly listed Securities that have deep liquidity and traditional markets and put those on TR what gets me personally excited about the Ona Global markets initiative and platform is to your point once you can
start putting these public Securities on chain think of your popular stocks think of your S&P 500 ETF think of other types of products right you can really start to do things that people have imagined of doing but have never been able to actually pull off like all of a sudden you can cross collateralize a position that you have right you can have both your crypto and your equities your stocks in one place and you can use both assets as a funding source for whatever type of additional position that you want to take you can think
about interesting interplays between the various asset classes example if you say hey I have a lot of staked eth but instead of accumulating I just like to put the yield of that into the S&P 500 ETF or the other way around you want to put the dividends that you get on your S&P 500 ETF into ethereum you can programmatically start thinking about products that facilitate stuff now if I sounded a little tired in today's video it's because my brother and I just took a 16-hour flight from Los Angeles to Dubai we're here for binance's blockchain
week we will be doing a special fireside chat anyway I can't get into it now uh but pay attention for announcements coming out tomorrow through our Twitter and like always see you tomorrow it's going to be a big big big big rest of the year for Bitcoin and crypto
