Bitcoin's Explosion During Trump (2017-2021)

Blackrock Entering into Bitcoin, Tether FUD, Janet Yellen, Bitcoin for the Balance Sheet, and Bitcoin's Growth During the Trump Adminstration

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Chart of the Day - Bitcoin During The Trump Administration

Per Glassnode, during the Trump Administration the number of addresses holding Bitcoin globally grew more than 3x from 216 million to 750 million and the price per coin increased more than 35x from $895 to $32,000 per coin. What do you think will happen the next four years?

Daily News Summary: 

• BlackRock Entering into Bitcoin - BlackRock, the world’s largest asset manager, is preparing to enter into the bitcoin futures markets with two of their funds, BlackRock Funds V and BlackRock Global Allocation Fund
  

• Don’t Worry About the Tether FUD - The Tether concerns from last week are not new and based on misunderstandings of how Tether works. Not a real concern, per those we follow:

  • Willy Woo - “The author doesn't have a full grasp of the data h…