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The 87th Hoot
Apple & Bitcoin Partnership 🤝🏼 + El Salvador & BTC Mining ⛏️
Matt Brimacombe
August 20th, 2024
MORNIN’ ☕️
HOPE EVERYONE’S HAVIN’ AN AWESOME WEEK.
Scatt's Weekly Seeds:
🌱Marathon Digital $250M BTC Buy 🤑
🌱El Salvador & BTC Mining ⛏️
🌱Apple & Bitcoin Partnership 🤝🏼
🌱How to Have Crypto Without Having Crypto 👀
Meme of The Week
Year-to-Date Returns:
Dow: 7.88%
S&P 500: 16.45%
Nasdaq Comp: 17.46%
Bitcoin: 41.50%
Ethereum: 15.96%
Solana: 39.24%
News Breakdown:
The Latest in Crypto:
7-DAY CRYPTO MARKET CAP CHANGE: $6B
CRYPTO INVESTMENT PRODUCT FLOW: $176M
MARATHON ANNOUNCES IT NOW STAMPS EACH BITCOIN BLOCK IT MINES WITH “MADE IN USA 🇺🇸”
DEFUNCT CRYPTO EXCHANGE CELSIUS SUED TETHER FOR $3.5B
INSTITUTIONAL INVESTORS BOUGHT THE 28% BTC DIP
OVER 1 MILLION BTC ADDRESSES NOW HOLD 1 BITCOIN OR MORE
SEC CHARGED NOVATECH OVER A $650M GLOBAL CRYPTO PONZI SCHEME
EL SALVADOR’S BITCOIN CITY GETS $1.6B BOOST WITH PORT SEAPORT INVESTMENT
GOLDMAN SACHS CURRENTLY OWNS ALMOST $350M
$593M US GOVT-OWNED BITCOIN MOVED TO COINBASE PRIME
COINBASE WILL RETURN TO HAWAII AFTER EXITING THE STATE IN 2017
SEC APPROVES THE FIRST LEVERAGE LONG MICROSTRATEGY ETF
BINANCE RESTARTS INDIA BUSINESS AFTER GETTING LOCAL REGISTRATION
This Week’s Economic Calendar:
Fed Minutes for July Meeting (Wednesday)
Existing Home Sales (Thursday)
New Home Sales (Friday)
Marathon Digital $250M BTC Buy 🤑
One of the biggest Bitcoin miners in the world.
American born, of course.
Raised $250mil in a 10-year private note sale with semi-annual payments in the space of a few days.
And immediately used 100% of the proceeds to buy 4,144 Bitcoin.
A Bitcoin miner LOADING up on Bitcoin?
I wonder what the reason could possibly be?
El Salvador & BTC Mining ⛏️
The Bitcoin country.
El Salvador has been buying 1 Bitcoin per day for years now.
AND they’ve been involved in Bitcoin mining.
Since 2021, they have mined 474 Bitcoin ($29mil) using geothermic energy from surrounding volcanoes.
How incredible is that!
Take that, planet earthers!
Apple & Bitcoin Partnership 🤝🏼
Biggest company in the world.
Apple makes its way into the crypto space.
By opening up the iPhone payment chip (the little thing inside your iPhone that allows you to pay for things with your phone i.e. Apple Pay) to Third Parties!
And this is a first for Apple, which then makes ‘Tap to Pay’ a reality for crypto on iPhones.
Huge.
How to Have Crypto Without Having Crypto 👀
“I want exposure to crypto but I don’t trust it”
Or “it’s too volatile”
How does one get exposure to crypto without actually owning crypto?
Simple - it’s the 21st century.
Buy the stock of a company (there are several) who operate in the space, or have balance sheet exposure to crypto.
The market will perceive an increase in share price when crypto prices go up, and vice versa.
Problem solved.
Now everyone who’s too scared to own Bitcoin… can have a set of fairy wheels.
Crypto Cold Storage Options:
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy, sell or hold any assets or to make any financial decisions. Please be careful and do your own research.