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₿itcoin reached $64,963. +1.03%

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What we will talk about today...

🚀 BlackRock Bitcoin ETF Gains on ‘4/20’ Halving

📈 Insights from Satoshi Nakamoto’s Emails

💼 Jamie Dimon’s Firm Stance on Bitcoin

BlackRock Bitcoin ETF Gains on ‘4/20’ Halving

The alignment of the Bitcoin halving with cultural memes and the success of Bitcoin ETFs like IBIT highlights the event’s importance in the crypto market. With varying opinions on ETFs, the trend shows a positive outlook for their role in investment portfolios. The focus remains on Bitcoin’s influence on the financial sector.

Bitcoin Halving:

• The 2024 Bitcoin halving occurs on April 20, a date famous in internet culture, sparking jokes and excitement.

ETF Performance:

• BlackRock’s iShares Bitcoin Trust (IBIT) has seen 69 days of investment inflows, coinciding with the halving.

Market Impact:

• Despite a slowdown, IBIT hasn’t had any outflows, with a notable $30 million inflow on April 19.

Analyst Views:

• There’s mixed sentiment about Bitcoin ETFs’ adoption, but many agree on their growing market importance.

  

  Bitcoin ETF cumulative flows. Source: Jim Bianco/X

Investor Interest:

• Asset managers view Bitcoin ETFs as a secondary, diversifying asset, with a rising number of investors.

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Insights from Satoshi Nakamoto’s Emails

The disclosed emails between Nakamoto and Malmi enrich the narrative of Bitcoin’s beginnings and its foundational philosophy. Nakamoto’s vision continues to influence Bitcoin’s trajectory in the evolving cryptocurrency landscape.

Nakamoto’s Vision:

• The emails reveal Nakamoto’s intent for Bitcoin to be more than an investment, highlighting its efficiency and potential as a transactional currency.

Strategic Discussions:

• Nakamoto’s correspondence with Malmi on May 2, 2009, reflects strategic planning for Bitcoin’s integration with traditional currencies and its scalability for mass adoption.

Personal Touch:

• The emails add a personal dimension to Nakamoto, showing his involvement in website content and collaborative efforts in Bitcoin’s early development.

Security and Usability:

• Nakamoto’s focus on encryption and user experience underscores his commitment to Bitcoin’s security and accessibility for all.

Jamie Dimon’s Firm Stance on Bitcoin

Jamie Dimon’s consistent anti-Bitcoin stance contrasts with JPMorgan’s strategic engagement in the cryptocurrency space, illustrating the complex dynamics between personal beliefs and business operations in the evolving crypto industry.

Dimon’s View:

• Jamie Dimon, CEO of JPMorgan, labels Bitcoin as a fraud and unsuitable for currency use, maintaining his long-standing criticism.

JPMorgan’s Role:

• Despite Dimon’s personal views, JPMorgan engages in the crypto market as a participant in Blackrock’s Bitcoin ETF, acknowledging client interest.

Investment Autonomy:

• Dimon respects clients’ rights to invest in Bitcoin, despite advising against it, highlighting the value of choice in investments.

Institutional Balance:

• JPMorgan’s crypto involvement reflects a balance between Dimon’s skepticism and the bank’s strategy to meet client demands.

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We explain the latest business, finance, and tech news with visuals and data. 📊

All in one free newsletter that takes < 5 minutes to read. 🗞

Save time and become more informed today.👇

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎