JUST IN: Metaplanet says Bitcoin-backed assets will drive a 100x price move.
"There are pools of capital all around the world that will never buy Bitcoin or BTC instruments directly." — @DylanLeClair (Bitcoin Archive)
Michael Saylor stated that Bitcoin will benefit from currency expansion and the potential of BTC reserve assets, and anticipates that the crowding out effect of AI on market funds will end. (Bitcoin Archive)
Ondo Finance's tokenized US Treasury has reached a scale of 3 billion US dollars, covering USDY, OUSG, and tokenized US Treasury ETFs, ranking first on the RWA.xyz platform. Among them, the USDY scale is about 2.328 billion US dollars, surpassing BlackRock BUIDL's 2.204 billion US dollars. At present, the total size of tokenized US bonds is about 14.91 billion US dollars, with Circle's USYC ranking first among single products with about 2.384 billion US dollars.
BTC is facing selling pressure from buying costs as it approaches $88000. Investors who have held it for 1 to 2 years sell in large quantities when the price rises. The break even point of the 6 to 12-month holding group is below this price range, and the selling pressure has significantly weakened. (glassnode)
Arthur Hayes said that Bitcoin could reach 250000 dollars in two months, and believed that the Federal Reserve would be forced to print money to deal with the collapse of the AI foam. (The Bitcoin Historian)