Green, Please. ๐Ÿ’š

Concerned about Elonโ€™s Bitcoin/environment tweet? Yeah, us too.ย 

Nearly half of polled US investors worried about it, according to a new survey. 49% of the 1,103 respondents shared they have a โ€œproblem with Bitcoin environmental issues.โ€

In May, Musk stopped accepting Bitcoin as tender for purchases due to Bitcoinโ€™s environmental impact. The price of $BTC.X started falling.ย 

On the bright side, polls show eco-friendly investors. 72% of respondents said theyโ€™re in favor of a more โ€˜greenโ€™ cryptocurrency.ย 

Weโ€™re all for decentralization while also saving the planet. โ™ป๏ธ ๐ŸŒŽ

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News In Three Sentences – February 28, 2024

Great Zeus’s Beard That’s A Lot: BTC ETF trading volume spiked over $7.5 billion, more than double its previous record. ๐Ÿ˜ฑ WatcherGuru has more

BlackRock Turns Bitcoin ETFs into Its Own Personal Money Printer: BlackRock’s ($BLK) massive $520 million infusion into $BTC ETFs, combined with Europe’s unrelenting buying spree and a nifty GBP arbitrage opportunity on $COIN, propelled Bitcoin past the $60,000 mark despite expectations of a pause. Short-sellers everywhere are now questioning their life decisions. ๐Ÿš€ ย  ย Read more from TrustNodes

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Bitcoin Blasts TF Off

Alright, now we know this is primarily an equity-focused newsletter. But speculation in the market has been building extensively through the last few months, and there’s no better vehicle to visualize that than one with no intrinsic value. ๐Ÿ˜†

Ok, you had to let us get one joke in there. After all, we just said what we were all thinking but wouldn’t say out loud. Let’s dive into some wild stats. ๐Ÿ‘‡

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Crypto News In 3 Sentences – March 07, 2024

๐Ÿ”ฎ “Rich Dad Poor Dad” author Robert Kiyosaki forecasts Bitcoin hitting $300K by 2024: Citing the cryptocurrency’s rally past $69,000 following the introduction of spot Bitcoin ETFs and despite the recent 10% dip, Kiyosaki remains steadfast, advocating for investment in Bitcoin and praising its performance against the US dollar. Kiyosaki highlights its role against central banks and its potential to bring integrity back to money. Read it at Benzinga

๐Ÿšซ Warren Buffett reaffirms his critical view of cryptocurrency, dubbing Bitcoin “rat poison squared”: The grumpy old man also said he wouldn’t spend $25 for all the Bitcoin in the world. Despite Bitcoin’s increasing acceptance, Buffett’s stance has been unwavering, viewing cryptocurrency as speculative and without tangible value. Yahoo! News has more

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BlackRock’s Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets

When the first gold ETF came out, it took a couple of years to reach $10 billion in AuM (assets under management). How long did it take Blackrock’s $IBIT? 2 months. ๐Ÿ˜ฑ

Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock’s IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%.

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