I just want everyone reads this to know…
Even when battling our own demons inside….
Never let your ego make decisions for you.
At times I may act cocky…
But I try to be the most humble kind human being I can be.
I will give the shirt off my back to a stranger in need.
I will give the food from my plate to make sure my child is full from dinner.
While we are out this weekend loving life and feeling high on the euphoria of the bull market slowly reviving in crypto…
And Blasting off in stocks.
Take a moment to reflect and be kind to someone you meet.
We sometimes get lost in the “everything is about us mindset”.
Sometimes it’s nice and good karma to simply make it about someone else.
Be humble and take a break if you need it.
We have many great months ahead of us in these markets.
But don’t let them consume who you strive to be.
🧵ETF after 11 Days🧵
THE BAD NEWS
1) BTC and FID slowing down
THE GOOD NEWS
1) GBTC slowed down a lot - nearly 65% from max dips - 2nd least bad day
2) Net positive flows on Friday 15.9M flowed into Bitcoin
3) 144,563 Bitcoin sucked into the new ETFs
4) 5.8bn pumped into the new ETFs
What if the black swan event everyone is worried about wasn’t one event..
But rather a series of events like GBTC daily dumping for 60 straight days.
What if..
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
10 Macro News Updates You Need To Know About 📈🗞️
1. U.S. Weekly Job Update: Initial jobless claims hold steady at 217,000, aligning with projections and mirroring last week's figures.
2. Energy Export Developments: Insider sources reveal Russia's impending total lift on diesel and gasoline export bans, set to roll out next week.
3. Federal Reserve Strategy: A recent poll indicates consensus among economists, with 86% predicting the Fed will maintain rates at least until Q2 before considering cuts.
4. Tech Industry Maneuvers: NVIDIA tailors new AI chip technology for China, navigating around U.S. regulations in their latest strategic move.
5. Economic Projections Adjusted: Goldman Sachs upgrades China's 2024 growth outlook to 4.8%, a modest increase from the prior 4.5% estimate.
6. Interest Rate Forecast: Wells Fargo anticipates the FOMC to slash the federal funds rate target by 225 basis points by early 2025, a more aggressive cut than current market and Federal Reserve forecasts.
7. Global Oil Pricing: Iraq adjusts its crude oil pricing strategy, announcing price cuts for December deliveries to Asia, the U.S., and Europe.
8. American Debt Milestone: U.S. consumer debt skyrockets to a record $17 trillion amid surging credit card rates surpassing 20%.
9. Economic Outlook: With a looming recession probability now over 60%, economic vigilance has become more crucial than ever.
10. Eurozone Economic Health: The ECB Economic Bulletin highlights the region's fragility, pointing out a persistent decline in manufacturing output as a sign of ongoing economic weakness.