Natalie Brunell

Bitcoin Ascendancy Bitcoin is being recognized as a dominant global macro asset and will continue to be seen as the best way to store wealth over the long run. Reason: Bitcoin's performance amid market chaos, U.S. banking failures, government deficits, and bond market turmoil, as well as the recognition from legacy firms and investors, are tailwinds for Bitcoin.

ETF Compliance Shift The settlement with Binance is a sign that the U.S. is preparing the marketplace for a spot Bitcoin ETF, and the industry is shifting from casinos to compliance, leading to institutional boardrooms and massive corporations deciding to put Bitcoin on the balance sheet. Reason: The settlement with Binance, which includes strict monitorship overseen by FinCEN, is seen as a step towards ensuring no market manipulation, which is necessary for the approval of a spot Bitcoin ETF.

Disclaimer: Not financial advice. For informational purposes only. Consult a professional for financial decisions.

Market Movements