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HomeTech InnovationsCurious Cryptos’ Commentary 13th December 2024 — Crenshaw & Trump | by...

Curious Cryptos’ Commentary 13th December 2024 — Crenshaw & Trump | by Mark Timmis | Coinmonks | Dec, 2024

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tl;dr

Warren’s anti-freedom and anti-liberty party is turning on its own members as its undemocratic creed rightly implodes. The conflicts of interests that the Trump family appear to be embracing are of concern to us all.

Market Snap

Market Wrap

The UK economy has moved from its pre-election trajectory of increasing growth to an entirely predictable contraction in October. I think we all know what triggered such a dramatic turnaround in the UK’s economic wellbeing. On the upside, in anticipation that Bailey — who remarkably is even more incompetent than his predecessor at the Bank of England Mark Carney, an unprecedented feat of epic proportions — will soon manipulate UK interest rates lower across the curve, the pound is selling off making our crypto bags (priced in dollars) of even greater value to us as Brits.

It was another big day for inflows to the spot BTC ETFs to the tune of $600bn. That’s 6,000 BTC stashed away compared to a daily mining production of a measly 450. In the last eleven days the ETFs have taken on more than 50,000 BTC, and there is every reason that those flows are going to continue to increase in size. There is only ever going to be 21mm BTC of which it is estimated 4mm have been lost forever. You can do the…

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