Weekly Roundup 12/06/24 (Bitcoin $100k, Atkins for SEC, more OCP2.0) (EP. 580)

Bullish:

• $BTC - Bitcoin reached a significant milestone by surpassing $100,000 for the first time, indicating strong bullish sentiment and potential for further growth.

  • “Bitcoin surpassed the 100 k milestone for the first time on December 4th in the year of our Lord 2024 at 9:34 pm Eastern”

    Nick·1:52
• $MSTR - MicroStrategy made a substantial Bitcoin purchase, demonstrating continued institutional interest and potentially driving up demand for both Bitcoin and MicroStrategy stock.

  • “Michael Saylor at MicroStrategy. Came in this week, bought 15,400 bitcoin for $1,500,000,000.”

    Matt·17:40
• $CRYPTOBANKING - There's evidence of significant interest from banks in offering crypto products, suggesting potential growth in crypto integration within traditional banking if regulatory hurdles are overcome.

  • “This is evidence that the banks wanted to support crypto in their product offering. Not all of the banks, but a large number of banks.”

    Nick·25:18

Bearish:

• $CELSIUS - The founder of Celsius pleading guilty to fraud charges suggests significant legal and reputational damage to the company, potentially leading to a decline in its value or that of similar crypto lending platforms.

  • “Alex Mashinsky, the founder of Celsius, has plead guilty to 2 counts of fraud. Faces up to 20 years in prison.”

    Matt·19:21