Category: AI

BenArmstrong,alsoknownasBitBoy,hasrecentlyhintedthatamajorannouncementregardingtheglobaladoptionofXRPisonthehorizon. ArmstrongrecentlymadethissuggestiononXwhileengagingwithXRPcommunityfigureEdoFarinaaboutXRPbeingadoptedasaworldreservecurrencybymajorfinancialinstitutions. Inhispost,FarinasharedanimageillustratingkeyconnectionsbetweenRippleexecutives,includingchairmanChrisLarsen,andmajorglobalfinancialinstitutionsliketheFederalReserve(TheFed),U.S.Treasury,IMF,andtheWorldEconomicForum(WEF). Theimagesuggeststhatatleast18topRippleofficials,bothcurrentandformer,havehadorhaveongoingconnectionswithprominentdecision-makingbodiessuchastheFed,IMF,WEF,SEC,andSWIFT. AccordingtoFarina,theseconnectionspointtooneinevitableoutcome:XRPbecomingthe“WorldReserveCurrency.”CommunitycommentatorslikeFarinaoftenusethisnarrativetoadvocateforabullishperspectiveonXRP. However,BitBoysharedaslightlydifferentview.WhileacknowledgingthelegitimacyoftheseconnectionsandtheimportantroleXRPwillplayinthefuturefinancialsystem,ArmstrongdisagreedwiththenotionthatXRPwillbetheglobalreservecurrency.“ThatisNOTgoingtohappen,”heremarked. Meanwhile,ArmstrongemphasizedthatBRICSPay—anewpaymentsystembeingdevelopedbyBRICSnations—hasastrongerchanceofclaimingthatstatusthanXRP. ThatisNOTgoingtohappen.BRICS+Paywillbethenextworldreservecurrency. Theseconnectionsarereal.ThisiswhyI\'vebeentellingyou$XRPwillWIN. Ripple&XRPwillplayaHUGEroleinunderpinningwhatiscoming.Announcementscomingsoonregardingthis.https://t.co/xaEnbS1iJQ —TheBitBoy(@BenArmstrongsX)October12,2024 BigAnnouncementsComingSoonforFurtherClarity Nonetheless,ArmstronghighlightedthatRippleandXRPwillplayacrucialroleinshapingthefuturefinanciallandscape.ThissuggeststhatwhileXRPmaynotbecometheworldreservecurrency,itsinfluenceonfuturefinancialinfrastructureisundeniable. HefurtherexplainedthathisdisagreementwithFarina’sperspectivearisesfromaccesstodifferentinformationthatsupportsanalternativethesis. “WebothagreethatXRPisgoingtothriveandplayasignificantroleinthefinancialsystem;it’sjustthe‘how’thatwehavedifferentopinionson,”hesaid. Inthiscontext,hehintedatupcomingannouncementsthatcouldprovidefurtherclarityonthematter. alsonodisrespectto@edward_farina.Ijusthaveaccesstodifferentinformation. Wearebothinagreement$XRPisgoingtorip&playahugeroleinthefinancialsystem.It\'sonlythe\"how\"wehavedifferentopinionson. —TheBitBoy(@BenArmstrongsX)October12,2024 thecryptobasic.com

TheteambehindtheShibaInuecosystemisfurtherexpandingitthroughanewpartnershipwithMassFinanceInc.(Mass),afinancialsolutionprovider. InexcitingShibaInunewstoday,TheShibaInuecosystemXhandleannouncedthepartnershipyesterday,emphasizingthatthecollaborationwillelevateSHIBtothenextlevel,especiallyinthefinancialsector. NewPartnershib:ShibaInuxMASS🔥@Mass_BuildispoisedtobetheFinancialLayeroftheShibaStatewithAI-drivenlegalandfiscalsolutions,supportedbyStripeandothers. Together,we\'reelevatingShibtothenextlevel!💪pic.twitter.com/pNrce7x7uy —Shib(@Shibtoken)October14,2024 Accordingtotheannouncement,MasswillbethefinanciallayeroftheShibaState,withplanstoincorporateAI-drivenfiscalandlegalsolutionstotheecosystem. ShibaInuLeadReacts ItbearsmentioningthattheShibaInuecosystemteamfirsthintedaboutthispartnershipwithMassduringakeynotespeechattherecentlyconcludedETHToronto2024conference. ShibaInu’sleaddeveloper,ShytoshiKusama,confirmedthisinanXpostyesterday.HesaidtheteamfirstmentionedthepartnershipduringitskeynotespeechattheETHToronto2024conference. Theconference,whichtookplaceonAugust13–14,sawtheShibaInuecosystemteamunveilseveralupcominginitiatives,includinganewpartnershipwithafinancialentity.Twomonthsafterdisclosingthepartnership,ShibaInuhasnowofficiallyunveiledMassasthisentity. MassSolutions Forcontext,Massoffersanall-in-oneoperatingsystem(OS)thathelpsbusinessesstreamlinetheirgrowthprocessesandsetup.Atthemoment,itsfinancialserviceplatformisinprivatebeta. Inthemeantime,theteambehindMasshasmadesignificantstridesinthefinancialsectorandhaspartneredwithnotableplayers.ItpartneredwithmultinationalfinancialservicescompanyStripetoprovideaccountandmoneytransmissionservices.Throughthispartnership,Mass’fundswillbeheldatEvolveBank&Trust. Furthermore,MassFinancialalsoholdsaVisalicensethatallowsittoofferitsownVisaPrepaidcards.CommercialfinancingandbusinesslenderCelticBankisresponsibleforissuingthecardstoMasscustomers. PotentialBenefitforSHIB ShibaInu’spartnershipwithMassFinancialmarksasignificantsteptowardtransitioningSHIBfromamemecointoautilitytoken.ItwillalsoenhanceShibaInu’spopularityinthefinancialsector,potentiallyboostingSHIB’svalueinthelongterm. ThedevelopmentcoincideswithasignificantsurgeinSHIB’sprice.Yesterday,SHIBwitnessedanintradayincreaseof5.31%,elevatingitspricetoadailyhighof$0.00001893. AlthoughSHIB’spricehasretracedto$0.00001819,thealtcoinstillboastsa24-hourgainof2.03%andaweeklysurgeof5.19%. thecryptobasic.com

Aerodrome,adecentralizedexchangeontheBaseplatform,capturesasignificantshareoftradingturnoverintheCLsegment.Fromarecentannouncement,companyofficialsnotedthatitsSlipstreampoolscapture90%ofthetotalvolumeofconcentratedliquidityonBasedespitecompetitionfromotherplayerssuchasUniswapV3. AerodromeDominatesConcentratedLiquidityon@base✈️ Aerodrome\'sSlipstreampoolsconsistentlycapturethemajorityofCL.Lastweek,90%ofthevolumeflowedthroughAerodromecomparedtojust10%forUniswapV3. 100%ofswapfeesaredistributedtoveAEROvoters.pic.twitter.com/hQcshElf9m —Aerodrome(@AerodromeFi)October14,2024 Aerodrome’sSlipstreamPoolsLeadtheCharge ConcentratedliquidityhasconfiguredtheDeFispaceasaliquidityproviderthatcandirectcapitalmoreeffectivelyinagivenpriceband,enhancingmarketdepthandreducingtrader’sslippagecosts.SlipstreampoolsofAerodromehavebecometheobvioussolutionfortradersandliquidityprovidersintheBasenetwork.Thesepoolsareefficientincapitalutilizationandprovideattractiveremunerationforparticipants,assistingAerodromeinachievingitsmarketleadership. Bycomparison,UniswapV3,oneoftheleadingdecentralizedexchangesinDeFiprojects,isfarbehind,takingonly10%ofBase’stotaltradevolume.ThedailyvolumechartthatAerodromehasprovidedshowsthisclearlead,withAerodromeaheadofUniswapV3inrecentmonthsasmorecapitalhasfloodedintoSlipstreampools. 100%FeeDistributiontoveAEROVoters OneofthefactorsthathelpedAerodromesucceedwasthecorrectrewardsystem.Aerodromereturns100%ofswapfeestoveAEROcommunitymemberswhousetheirAEROtokenstoparticipateinprotocoldecisionsandfeedistribution.Thisprovidesagoodreasonforparticipantstobringliquidityandusetheplatform. Byincentivizingliquidityproviders,traders,andgovernanceparticipants,themodelaimstokeepalltheseparticipantsactivelyinvolvedintheprotocol. TheBattleforLiquidity:Aerodromevs.UniswapV3 Aerodrometooklittletimetobecomethego-toplatformforconcentratingliquidity,particularlyonBase,whereUniswapV3hadalreadyestablisheditsCLmodel.Still,thefactthatAerodromehasmanagedtosecuresuchalargeportionofBase’svolumewithinarelativelybriefperiodsuggeststhattheUniswapV3isatadisadvantageregardingliquidityanduserexperience. ThegapbetweentheAerodromeandUniswapV3constantlyincreases,asseeninthedailyvolumechart.SinceearlyMay2024,themarketshareofAerodromehasincreasednotably. FutureOutlookforAerodrome Tosustainthisleadinthefuture,AerodromemuststillinnovateandprovidevaluetoitsuserssincecompetitorssuchasUniswapV3arecurrentlytryingtoregainamarketshare.But,thecurrentstatusoftheplatformanditsscaleinthecontextofconcentratedliquidityindicateitcandowellinBase. blockchainreporter.net

AnalystspredictapotentialXRPpriceexplosionafterbreakingacrucialFibonaccilevelcorrespondingtoaresistancezone. XRPcontinuestohoveraround$0.53,showingaflattenedandnegativepricetrajectoryoverthepastweek.Inthemonthlytimeframe,theseventh-largestaltcoinisdownbyover7%. Despitethislacklusterperformanceintheshort-termwindow,analystscloselywatchingXRP’spriceactionforeseeanimminenttrendchange.Notablemarketobserver“RandomCryptoPal”recentlyoutlinedadevelopmentthatcouldleadtoanexplosivepricerunforXRP. WatcherforXRPPriceExplosionAfterBreakingThisLevel InapostonX,theanalystdiscussedthesignificanceofXRPbreakingabovethe0.236Fibonacciretracementlevel.Henotedthatoncethislevelgivesway,apriceexplosionforXRPislikely. TheconfidenceinthisforecastrestsontheobservationthatasimilaroccurrencewasinstrumentaltotheXRPall-timehighrallysevenyearsago. TheaccompanyinghistoricalchartshowsthatwhenXRP’spricecrossedthe0.236Fibonaccilevelinmid-2017,itinitiatedandsustainedanupwardmovementthatculminatedinanall-timehighbyJanuary2018. XRPChartbyRandomCryptoPal RandomCryptoPalisnotaloneinthisoptimism.Inanearlierupdate,analystEgragnotedthatXRPinvestorscouldanticipateahistoricpricesurgebasedonvarioussignificantFibonaccilevelssuchas0.5,0.618,and0.702,whichhavehistoricallybeenpointsfromwhichXRPpricessurgeddramatically. Basedontheselevels,Egragarguedthatevenapricetargetof$44isalessoptimisticestimateforXRP. XRP’sPathtoSurpassthe0.236FibonacciLevelat$0.80 Notably,the0.236Fibonaccilevelcorrespondstoapriceabove$0.80.Essentially,theanalysthopesforhistorytorepeatitselfonceXRPreclaimsthispricepoint,anticipatingahistoricrallysimilartotheonethatoccurredsevenyearsago. XRPneedstoriseby48.78%fromitscurrentpriceof$0.5377toreach$0.80.Thiscrucial$0.80levelposesaformidableresistanceforXRP. Forinstance,evenduringthebroadercryptomarketfrenzyinthefirstquarteroftheyear,XRPdidnotreclaimthisthreshold.Instead,itonlyexperiencedmildgainsthatquicklylostmomentumafterreachingthe$0.74pricemark. Currently,cryptomarketsentimentisfinelybalancedbetweenbearishandbullish,asanalystsaredividedonBitcoin’snextmoveinthecomingweeks.ThissituationweakensXRP’sabilitytoachievethenecessary48%gaintohit$0.80,whichtheanalystbelievesiscrucialforfurtherupwardmovement. thecryptobasic.com

RobertKiyosaki,financialexpert,entrepreneurfamousforauthoringthepopular“RichDadPoorDad”bookonfinancialself-educating,haspublishedatweetinwhichhedescribedthecurrenttoughtimes,mentioningmarketbubblesandinflation. Hesharedadviceonhowto“surviveandthrive”inthesetimesformillennials,aswellaspeoplefromgenerationsXandZ.Hecontinuestousehisconceptof“richdad”whichheallegedlymetwhenhiswasateenager. The\"everythingbubble\"message,adviceonhowtosurvive Kiyosakimentionedthatafterhisrecenttweetswherehewroteabout“theeverythingbubble”hebegantoreceivenumerousrespondsfrompeoplefromgenerationsZandX,aswellasmillennials(aswellassomeBabyBoomers),sayingthattheycannotaffordtobuyahouseorhavechildren. RobertKiyosakisaidthatinorderto“surviveandthrive”intoday’shighinflationenvironment,itisimportanttofindnewteachers–wiseandexperiencedpeoplewhocanshareadviceonhowtomanageone’sfundsandincreaseone’snetworth.KiyosakirecommendslookingoutforthoseonsocialmediaandparticularlyYouTubethatoffers“amassivearrayofteachers.” THEEVERYTHINGBUBBLLEIwroteaboutinmylasttwoTWEETShascausedmillionsofMillennials.GenXandGenZs…evenafewBabyBoomerstoclaimtheycannotaffordahouse,orhavekids,orliveatthesameStandardofLivingastheirparents. Ifeelforthesegenerations.… —RobertKiyosaki(@theRealKiyosaki)October15,2024 “Findtheteachersthattalktoyourbody,mind,andspiritandgrowintotherichandsuccessfulpersonyouknowyouare,”Kiyosakitweeted,addressinghisaudienceontheXplatform. Thisisthewaytoreachandthenattainfinancialsuccess,hesays.Healsobelievesthatafterthatitisimportanttosharetheknowledgeyouacquiredwithotherswhoneedit:“Givebackbyteachingstudentswhowanttolearnfromyou.” KiyosakisayshewillkeepbuyingBitcoincheaply Inatweetpublishedlastweek,financialguruKiyosakiurgedthecommunitytobecomepreparedforalikelymassive“bubblecrash”thatheexpectstohappeninthenearfuture.Evensuchcolosseumsasgold,silverandBitcoinmaycrash,hesaid. However,iforwhenithappens,Kiyosakiintendsjusttobuytheseassets“atadiscount”:“IwillbebuyingalltheBitcoinIcan,aswellasotherassets,atbargainbasementprices.”ButifBitcoincrashesto$5,000,itmaythenboomto$100,000,$250,000andevenhigher,hewrote. KISS:KeepingItSuperSimple:FriendssaidmypreviousTweetwasconfusing.Myapologies.SopleasereadmypreviousTweetandthisTweetandmaybeImightmakemoresense…ifI….KISS:IKeepitSuperSimple. Heregoes.In2008wastheGFCtheGreatFinancialCrisis. The… —RobertKiyosaki(@theRealKiyosaki)October12,2024 u.today

BNBapproaches$600,reflectingincreasedtraderconfidenceandbullishtrends. Ethereum’sdeclineopensopportunitiesforBNBandotheralternativeslikeSolana. TechnicalpatternssuggestBNBmaytarget$651andbeyondwithcontinuedupwardmomentum. BinanceCoin(BNB)isnearingthe$600mark,attractingattentionfromtraders.Bitcoinapproaches$64,000,whichboostsoverallmarketsentiments. Currently,thefearandgreedindexsitsat45,showingmixedemotionsamonginvestors.Asofwriting,BNBhasgainedover3%inthepast24hoursandtradesat$588.56. AnalyzingBNB’sTechnicalLandscape CurrentpriceactionforBinanceCoinrevealsabullishtrendonthe12-hourchart.Thisupwardmomentumshowsincreasingconfidenceamongtraders.However,BNBstrugglestobreakthecrucialresistancelevelat$600.Thispsychologicalbarrierhashinderedgrowthoverthepastfivemonths. Anascendingtrianglepatternhasformed,with$600actingastheoverheadceiling.Short-termtrendsrevealacup-and-handleformationfollowingafailedinvertedhead-and-shoulderspattern.Currently,BNBtradesabovethe50%Fibonaccilevelandthe50-dayEMA,indicatingbullishstrength. The12-hourRSIlinehascrossedabovethehalfwaymark,confirmingpositivemomentum.Additionally,boththeMACDandsignallinemaintainfavorablealignment,suggestingpotentialupwardmovement. Onthe4-hourchart,atrianglebreakoutisunderway,fueledbythreeconsecutivebullishcandles.BNBsurgedby2.34%,thoughaminorpullbackof0.31%occurredrecently.Theongoingrallyfacesresistanceatthe61.80%Fibonaccilevelnear$584. Ethereum’sDeclineandBNB’sOpportunity Amidthisbullishenvironment,analystsseepotentialforBNBtorise.Aflagpatternontheweeklychart,similartoBitcoin’srecentpriceaction.Thisbullishflaghintatapossiblerallyahead. Additionally,Ethereum’sdecliningdominanceopensdoorsforBinanceSmartChainandSolana.Bitcoinmaintainsabout58%marketdominance,whileEthereum’ssharedrops. ThisshiftsuggeststhatusersanddevelopersmayseekalternativeslikeBSCandSolana,whichprovidelowerfeesandfastertransactions.AsEthereumweakens,BNBcouldcapturealargermarketshare. TheanticipatedbullrunmaypushBNBpastseveralresistancelevels,targeting$651and$710.Ifmomentumcontinues,anewall-timehighof$883couldbecomepossible.However,crucialsupportlevelsat$575and$555areimportanttowatchaspotentialpricepivots. cryptonewsland.com

QCPCapitalhaspublishedamarketanalysishighlightingthatBitcoinhasrecentlysurgedfrom$62,000to$65,000,witharound$80millionworthofleveragedBTCandETHpositionsbeingliquidated. WhilesomehaveattributedthepriceincreasetonewsthatMt.GoxhasextendeditsrepaymentperiodtoOctober2025,QCPCapitalnotesthatthisinformationwasalreadymadepubliclastFriday. Thefirmsuggeststhatwhileavarietyoffactorscouldexplaintherally,thetimingisparticularlyinterestingbecauseitfallsinmid-October,justthreeweeksbeforetheUSpresidentialelection.QCPCapitaldrewparallelswithpastelectioncycles,notingthatinboth2016and2020,Bitcoinsawsignificantpricemovementsthatbeganafullthreeweeksbeforeelections.In2016,BTCdoubledfrom$600byearlyJanuary,whilein2020,itrosefrom$11,000to$42,000overasimilarperiod. Despitethelessimpressivecurrentmonth,withBitcoinupjust1.2%comparedtoahistoricalaveragegainof21%inOctober,QCPCapitalbelievestherecentrallycouldbeaturningpoint.Thefirmstressesthataftermonthsofrange-boundtrading,today’spriceactioncouldindicatethemarketisprimedforarepeatofpreviouspatterns. Asspotpricescontinuetorise,QCPCapitalexpectsmarketparticipantstofocusonQ4profittargetsandcloselymonitorwhetherBitcoincangainmomentumaheadoftheelection. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

Solana’spricecouldfacefurtherdownwardpressureastheSOLstakingaddressassociatedwithFTX/Alamedaredeems178,631SOL,valuedatapproximately$28million. IfasignificantportionoftheredeemedSOLissoldonexchanges,thealtcoin’svaluemaydeclinebydoubledigits.Thequestionremains:howsoonwillthishappen? SolanaAtRiskAsFTXMakesaMove EarlyTuesday,theSOLstakingaddressbelongingtoFTX/Alamedaredeemedanother178,631SOLcoinsvaluedabove$128millionatcurrentmarketprices. AccordingtoSolscan,thismarksthelatestinaseriesofregularredemptionsandtransfersofSOLfromthisaddress,withroughly170,000SOLbeingredeemedandmovedoutaroundthe12to15ofeachmonth. Readmore:HowtoBuySolana(SOL)andEverythingYouNeedToKnow FTX/AlamedaStakingAddressActivity.Source:Solscan TherecentlyredeemedSOLtokensarelikelytoflowintoexchangeslikeCoinbaseorBinanceforsale,particularlyafteraDelawarejudgeapprovedFTX’sreorganizationplan,whichallocatesover$14billioninpayoutstocustomersofthecollapsedcryptocurrencyexchange.Ifthishappens,itcouldleadtoatemporarydeclineinSOL’spriceinthenearterm. However,tradersmayresteasyasSOLcurrentlybenefitsfromthegeneralmarketuptrend.Thealtcoinistradingat$154.56asofthiswriting,notingan8%priceuptickoverthepastweek.Itenjoysabullishbias,asevidencedbyitsParabolicStopandReverse(SAR)indicator. SolanaParabolicStopandReverse.Source:TradingView Thisindicatoridentifiesanasset’strenddirectionandpotentialreversalpoints.ItsdotsrestaboveSolana’spriceatpresstime,suggestingthatthealtcoinisinanuptrend.Tradersinterpretthisasasignaltoeitherholdoropenlongpositions. SOL’sRelativeStrengthIndex(RSI)supportsthisbullishoutlook.At59.51,thecoin’sRSI,whichmeasuresitsoversoldandoverboughtmarketconditions,indicatesthatSolanaisgainingstrengthandexperiencingabullishtrend. SolanaRSI.Source:TradingView SOLPricePrediction:AllRestsinFTX’sHandsNow Solanaiscurrentlytradingat$155.18,shyoftheresistancelevelof$159.77.Ifthebullishmomentumcontinues,thepricecouldbreakabovethislevelandaimfor$186.29,ahighlastseeninJuly. Readmore:13BestSolana(SOL)WalletstoConsiderinOctober2024 SolanaPriceAnalysis.Source:TradingView However,SolanamayloseitsrecentgainsonceFTXbeginsliquidatingitsredeemedtokenswithoutsufficientdemandtooffsettheincreasedsupply.A15%declinecouldpushitspricedowntothesupportlevelof$131.04. Ifthissupportfailstohold,Solana’spricecouldseefurtherdownside,droppingto$109.55. beincrypto.com

Bitcoin’spriceresurgencecontinuedinthepast24hoursastheassetshotupto$66,500forthefirsttimesincetheendofSeptember. Thealtcoinshavealsoturnedgreen,andthetotalcryptomarketcaphasaddedabout$100billionovernight. BTC’sSurgeDroveitto3-WeekHigh IthastakensometimebutUptoberisstartingtodeliveronthebigpromises.Itwasjustfivedaysagowhentheprimarycryptocurrencydumpedhardandfelltoamulti-weeklowofunder$59,000. However,thebullssteppeduponthegaspedalinthefollowingdays,andBTChasnotlookedback.Afterrecoveringsomegroundduringtheweekendandjumpingto$63,000,thisvolatileweekbeganonanevenmorepositivenoteyesterdayandespeciallyearliertoday. Thisiswhentheassetaddedoverthreegrandinvaluewithinhoursandtapped$66,500forthefirsttimesinceSeptember27.Ithaslostsometractionsincethenandnowtradesbelow$66,000,butit’sstill5%upontheday. Itsmarketcapitalizationhasskyrocketedto$1.3trillion,whileitsdominanceoverthealtsisabove54%onCG. AltcoinsontheRun Manyaltcoinshaveproducedevenmoreimpressivegainsoverthepast24hours.Ethereum,whichhaslargelyunderperformedinthepastseveralmonths,isamongthose.Ithasrisenby6.5%andnowsitsatamulti-weekpeakofitsownatover$2,600. Solana’sdailysurgeisidentical,anditnowtradesat$155.BitcoinCash,NEAR,andUNIhaveregisteredevenmoreimpressiveincreases.ENAandWLDarethetwotopperformersfromthelargest100altcoins. Consequently,thecumulativemarketcapofallcryptoassetshasadded$100billionovernightand$150billionsincetheweekend,andnowsitsat$2.4trillion. cryptopotato.com

Bitcoinpricesreached$66,500duringlatetradingonOct.14,accordingtoCoinGecko.ItisthehighestlevelsincelateSeptemberwhenithitasimilarpricebutwasrejectedatresistance. Theassetseemstobebehavingsimilarlyagain,withresistanceforcingaretraceto$65,400duringTuesdaymorningtradinginAsia.Analyst‘CrediBULLCrypto’cautionedagainstcelebratinguntilthereisanactualbreakout,whichhasyettohappen. Nevertheless,BTCisup2.4%onthedayhadhasmade5%sincethesametimelastweek. BitcoinBullsAreBack OnOct.15,CryptoQuantCEOKiYoungJupostedachartshowingthat“apparentdemand,”whichisthedifferencebetweenproductionandchangesininventory,isbacktolevelsnotseensincetheMarchandAprilhighs. Ifthedecreaseininventoryexceedsproduction,orminingissuanceinthiscase,demandisincreasing,andviceversa,heexplained. #Bitcoinapparentdemandisback. h/[email protected]/82WV1s3x2r —KiYoungJu(@ki_young_ju)October15,2024 Meanwhile,HODL15Capitalpostedthat“Uptober”hasfinallyarrived,andBTCisshowinganoverallgainforthismonthasithasdonefornineofthepreviouselevenOctobers.Bitcoinmarketsentimenthasturnedoverwhelminglybullish,withtheFearandGreedIndexjumpinginto“greed”withareadingof65. ThishasbeenpartiallyboostedbycommentsfromBlackRockCEOLarryFink,whosuggestedthatBitcoincouldbecomeasbigastheUShousingmarketduringthefirm’sQ3earningscall.Healsosaidhedidn’tbelievethateitherUSpresidentialcandidatewouldmakeadifferencebecause“theutilizationofassetsaregoingtobecomemoreandmoreofarealityworldwide.” Bitcoinershadalreadystartedcrunchingnumbersandcomparingthe$50trillionhousingmarkettopotentialBTCpricegains. “BitcoinwillbecomeasbigastheUShousingmarket”—LarryFink. Thatmarketiscurrently50Trillion.Let’sestimate100Trillionby2040.Thatis76xBitcoin’s1.3Trillionmarketcap. Inotherwords,Bitcoinisgoingto5Million.Source:themostimportantpersonin… —FredKrueger(@dotkrueger)October14,2024 Institutionalinvestorshavealsoturnedbullish,withUSspotBitcoinETFsseeingtheirlargestnetinflowdaysinceJunewith$556million.Fidelity’sFBTCETFledthepackwithaninflowof$239.3million. MetaplanetBuysMoreBTC Finally,Metaplanet–whichisoftencalledtheMicroStrategyofAsia–hasmadeanotherBTCpurchase. TheJapaneseinvestmentfirmbought107BTCworth$7milliononOct.15bringingitstotalstashto855.4BTCworthanestimated$56millionatcurrentprices. .@Metaplanet_JPhaspurchasedanadditional106.976#bitcoinfor¥1billionatanaveragepriceof¥9,347,891per$BTC.AsofOctober15,Metaplanetholds~855.478bitcoinacquiredfor¥7.965billionatanaveragepriceof¥9,310,061per$BTC.#メタプラネットpic.twitter.com/DsTe7yAYoY —SimonGerovich(@gerovich)October15,2024 ThefirmstarteditsBitcoinpurchasingstrategyinMay.Itsstockhassurged280%sincethebeginningofMayandjumpedaround15%thisweekfollowingthepurchase. cryptopotato.com