Hi,
Here's some of the most interesting things that happened last week. Take the predictions with a grain of salt.
Bitcoin to $13 million by 2045 and 17 other interesting things that happened last week
→ Michael Saylor: Predicted Bitcoin price to reach $13 million by 2045.
→ Robert F. Kennedy Jr.: Proposed the U.S. government buy Bitcoin equivalent to its gold reserves (~$615 million worth) and committed to holding the government’s current 210,000 BTC.
→ Senator Cynthia Lummis: Introduced a bill to create a 1 million BTC reserve.
→ VanEck: Predicted Bitcoin prices for 2050 - Bear case: $130,314, Base case: $2.9M, Bull case: $52.4M.
→ Trump's Promise: To end the anti-crypto stance and fire Gary Gensler if re-elected.
→ HODLer Net Position Change: Potential shift from short-term holding to long-term HODLing.
→ ProtonMail: Launched Proton Wallet for sending Bitcoin via email.
→ Last 7 Days ETF Flows (July 12-18, 2024): Net inflows of 565 BTC.
Corporate and Institutional Movements
→ MicroStrategy: Launched "Bitcoin for Corporations" in partnership with Bitcoin Magazine.
→ Marathon Digital: Plans to retain all BTC mined and periodically buy Bitcoin on the open market.
→ State of Michigan Retirement System: Allocated 110,000 shares to ARKB (~$7.5 million).
→ State of Wisconsin Investment Board: Announced a $160 million Bitcoin investment.
→ Coinbase: Fined $4.5 million by the FCA for onboarding high-risk customers and launching a tokenized money-market fund.
Crypto Projects and Updates
→ AAVE: Proposal for a buyback program to create constant buy pressure.
→ Drift Protocol: Launched a predictions market center.
→ GMX: Proposal to change income distribution model to create buy pressure on GMX tokens.
→ pSTAKE Finance: Launching a bitcoin liquid staking product.
→ Solend: Rebranding to “Save” and introducing new products including a decentralized stablecoin and a platform for shorting meme coins.
→ deBridge: Launching governance token (DBR) in August on Solana.
→ zkLink: Launched native token (ZKL).
What do you think about the the predictions? Too optimistic?
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