Get Smarter About Crypto

₿itcoin reached $42,674.

♢Ethereum reached $2,538.

What we will talk about today...

💰💸Trump Says No to Digital Dollar.

🚨🤔 Why is Grayscale abandoning Bitcoin?

💢🚨 JPMorgan CEO advises investors to stay away from Bitcoin.

🇺🇸 Donald Trump's Promise: No Digital Dollar in America!

former U.S. President Donald Trump made a big promise about the country's money. He said if he becomes president again, he won't let the government make a digital dollar. Why? According to Trump, a digital dollar gives the government too much control over people's money. He thinks it's a "dangerous threat to freedom," and he wants to stop it from happening in America.

💸 Trump's Fight Against Digital Dollar Control

During the rally, Trump made a strong commitment:

"Tonight I’m also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a central bank digital currency."

Trump is worried that a digital dollar could give the government too much power over people's money. He thinks it's scary that your money could disappear without you knowing. That's why he wants to keep America safe from what he sees as a dangerous threat.

🛑 Others Agree With Trump

Trump is not the only one who's worried about digital money. Congressman Tom Emmer agreed with Trump and made a law to stop the government from using digital money in certain ways. This law got support from 75 other lawmakers. They want to make sure the government doesn't have too much control over people's money.

The argument is also happening inside the Federal Reserve, where they decide about money. Some people, like Michelle Bowman, don't think we need digital money. They are worried about how it might not work well and could be risky. The head of the Federal Reserve, Jerome Powell, says the decision about digital money will take a few years to make sure people trust it.

🤔 What Happens Next?

We don't know yet what will happen with digital money in the U.S. Some people want new technology, but others worry about our freedom. Will Trump's promise be what most people want, or will digital money become a part of how America handles money? We're waiting to see what happens next in this interesting story! 📜🚫💵

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Grayscale's Bitcoin Action: What's Up?

Grayscale's Bitcoin Trust (GBTC) is making headlines, selling off $594 million in Bitcoin during a crypto market dip. Here's the lowdown: 9,840 BTC, around $418 million, is heading to Coinbase Prime. Since January 12, a whopping 41,478 BTC, over $1.7 billion, has been on the move. But what's the game plan behind Grayscale's moves?

🔍 Decoding Grayscale's Move

Our crypto expert, Ash Crypto, helps us understand the dance between GBTC and Bitcoin. GBTC used to buy back shares with USD, making it a big BTC holder. Now, the new spot ETF with a 1.5% annual fee is drawing investors away, leading GBTC to sell BTC to manage redemptions and bringing uncertainty to Bitcoin's short-term future.

💡 Grayscale's Bitcoin Shift: Theories and Opinions

Speculation is brewing about why Grayscale is selling crypto. Some blame accounting processes, while others point to high ETF fees, making Grayscale a pricey Spot Bitcoin ETF in the U.S. Crypto expert Scott Melker clarifies that Grayscale isn't just dumping Bitcoin; it's a strategic move when GBTC shares are sold.

🔄 Next Move: What to Expect?

Ash Crypto thinks the selling might ease in 1-2 weeks, with funds moving from GBTC to other Bitcoin spot ETFs, not leaving the crypto world. He suggests patience and avoiding quick decisions in this short-term crypto turbulence.

Despite GBTC's challenges, there's growing demand for Bitcoin exposure through spot ETFs. With $1.4 billion going into these products and $579 million leaving GBTC, things might be turning around. Once GBTC's outflows settle, the demand for spot ETFs could bring a new wave, lifting Bitcoin prices. The recent $10 billion trading volume in three days for Spot Bitcoin ETFs suggests a positive shift in investor sentiment, promising exciting times ahead. 📈🌐💰

Jamie Dimon's Bitcoin Alert: Breakdown Time!

Jamie Dimon, the big boss at JPMorgan, is giving a heads-up about Bitcoin, saying, "I'd stay away." Let's simplify Dimon's thoughts on the crypto rollercoaster.

🌐 Blockchain: Super Useful

Dimon agrees that blockchain is powerful, handling money and data well. But he thinks it's still pretty small. Now, let's see what he says about cryptocurrencies.

💰 Two Kinds of Crypto

According to Dimon, there are two types of crypto. The first might actually do something useful, especially with smart contracts. Then there's Bitcoin, which Dimon sees as a trendy but not very helpful thing linked to some shady stuff.

🛡️ Use Cases or Just a 'Pet Rock'?

Dimon thinks Bitcoin can fight issues like money problems and fraud. But the rest? Just people "trading among themselves." His advice? "I'd stay away. But you do you; it's a free country."

🤔 Dimon on Blackrock's Bitcoin Moves

When asked about big players like Blackrock getting into Bitcoin, Dimon doesn't care. His vibe on Blackrock's CEO Larry Fink's Bitcoin moves? "I don’t care. So please stop talking about this."

📈 Market Thoughts: Dimon's Last Say

Dimon wraps up by saying there are lots of opinions in the market. This is his "last time" sharing his thoughts. Blackrock just launched a Bitcoin thing, and JPMorgan is part of it.

🗣️ Social Media Buzz: Everyone's Talking!

Dimon's Bitcoin warning gets people talking online. Michael Saylor from Microstrategy joins in, saying digital money is valuable in a safe blockchain world.

🌐 In Short: Dimon's Bitcoin Story

As Jamie Dimon from JPMorgan stays careful about Bitcoin, the crypto world chats about it. Will his words shake up crypto? We'll see. Get ready for more surprises in the crypto story! 🔄🚀💼

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

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