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Kamala Harris' alleged words about Bitcoin drew reaction
It was claimed that possible presidential candidate Kamala Harris, who turned down the invitation for the Bitcoin conference that will start tomorrow, had negative thoughts about Bitcoin. David Bailey, the organizer of the conference in question, quoted Harris' words from the mouth of a major democratic donor.
It was claimed that Kamala Harris, who is considered certain to be a presidential candidate, used negative statements about Bitcoin. Bitcoin Magazine CEO David Bailey wrote that Harris said 'Bitcoin is the money of criminals' and that he received this information from a large democratic donor.
Bailey posted the following post from account X: “I'm sorry, but you can't pretend you're interested in Bitcoin after you've been ruining our industry for four years, starting the 'Choke Point' operation, choosing Gensler and Warren as your champions. A major democratic donor told me that Kamala personally told him, 'Bitcoin is the money of criminals.'” These alleged words, Harris, drew the reaction of Bitcoin investors. David Gokhshtein, one of the leading figures in the crypto industry, said, “He is not interested in Bitcoin. They have been attacking this sector for the last three and a half years. All they want is the vote.” he commented.
Mark Cuban said otherwise
On the other hand, billionaire cryptocurrency investor Mark Cuban told the press that Harris' team contacted him and asked questions about cryptocurrencies. Cuban also added that he received information that Harris would be open to artificial intelligence and crypto.
Bitcoin conference turned down the invitation Bailey had announced the previous day that he had met with Harris' team to speak at the Bitcoin conference, which will begin tomorrow. Bailey, the organizer of the conference, stated that Harris would not attend today and said, "It was not a surprise for us. What can he say when he's already jailing so many developers, forcing our industry to go abroad, attacking PoW...” he said. #kamalaHarris $BTC
Michael Saylor announced that he will present to the Microsoft board next month about buying Bitcoin for the company.
While Microsoft shareholders' voting for the company's Bitcoin purchase began last month, the process will be completed in December. Microsoft holds $75 billion in cash reserves.
Bitcoin record came with BlackRock ETF: $1.9 billion in volume on the first day
The peak in Bitcoin, which broke its new record with $93,905 last night, did not escape the eyes with the opening of BlackRock's Bitcoin spot ETF (IBIT) to option transactions. While ETF expert James Seyffart informed that a trading volume of 1.9 billion dollars was established for IBIT options on the first day, the excess of bullish "call options" drew attention.
While Donald Trump's victory in the US elections brings historic heights to Bitcoin, other developments add strength to the progress of the largest cryptocurrency. Finally, the permission of options trading by the SEC for the BlackRock spot ETF IBIT was also one of the positive developments.
It seems that the options trading, which experts attach great importance in terms of institutional purchases, will make Bitcoin more talk about on Wall Street in the coming period.
While options for IBIT, the Bitcoin ETF that has received the most investment by far, was opened for the first time yesterday, the record refresh of Bitcoin on the same trading day was not seen as a coincidence.
Binance's new cryptocurrency Terra LUNA created fear, the stock market made a statement
The annual interest rate of the BFUSD token of 19.55%, which Binance announced the other day, created fear in the crypto world. While UST analogies, which is Terra LUNA's stablecoin, were made on social media, a statement came from the stock market
Every move of Binance, the world's largest stock exchange, is closely followed by investors. There are also important discussions on social media about the BFUSD token, which was announced by the exchange on November 17 and has an annual interest rate return of 19.55%.
Especially on the first day when BFUSD appeared, news sources on social media introduced this coin as a "fixed coin with a return of 19.55%".
As it will be remembered, one of the most important assets of the Terra LUNA ecosystem, which collapsed in May 2022, was the UST, the stablecoin of the system. The annual yield of UST, an algorithmic stablecoin, was also like this product of Binance and was around 20%.
UST, which was praised by many famous business people and entrepreneurs, was moving through LUNA to fix the price of the coin to $1. The depreciation of UST, which was tried to balance the burning and production of LUNA, another token of the ecosystem, to collapsed the entire system. Those who wanted to invest their assets and money in UST2 and earn 20 percent of income, suffered great losses and even lost their retirement savings.
This fear was also seen in BFUSD, this new product of Binance, but in the statement made by Binance, it was stated that the token was not even a stable coin. Responding to criticism and fears on social media, the following statements were used in the statement made by Binance's customer service's X account:
“BFUSD has not yet been removed. To be clear, BFUSD is not a stablecoin. It is a leveraged asset that earns awards in futures transactions. We are happy with the interest of the community and we will provide more information about the annual return system in a short time.
MicroStrategy company covered $5.7 billion of the last Bitcoin purchases from the $21 billion share sales division of the acquisition project, which will total $42 billion.
Who will Trump choose to the Treasury Department: Bitcoin supporter businessman is getting ready
Howard Lutnick, who said "I have hundreds of millions of dollars of Bitcoin" in a program he participated in before the election, which is known for his support for Donald Trump, will be the one who plays the lead in Trump's election for the new US Treasury Secretary. On the other hand, Lutnick himself, who will meet with the candidates, can sit in this seat.
It was stated that Howard Lutnick, one of the most important names of the election and government transition team of Donald Trump, who is preparing to become the new president of the USA, will also play a leading role in the election of the new Treasury Secretary.
According to Bloomberg's special news, Lutinck, who almost set up a camp at Trump's mansion in Florida before the election, continues his work. It was stated that the business person, who is also the CEO of the international financial services company Cantor Fitzgerald, is the person who will meet with many candidates.
It can be him too
Lutnick himself, who is one of the people who will give Trump a briefing and information about the candidates, is also among the candidates. Lutnick, known for his Bitcoin investments, also gave speeches at many of Trump's rallies. It is unlikely that Lutnick will sit in the ministerial seat, but Trump is not convinced in any candidate, and if he "requests" this task, it is considered certain that the successful manager will accept it.
Howard Lutnick
On the other hand, hedge fund manager Scott Bessent is at the top of the names that Lutnick will meet. Bessent, the founder of Key Square Group, became the biggest candidate, especially after another dollar billionaire businessman, John Paulson, announced that he would not be a minister. Bessent is also known for working for George Soros for many years in the hedge fund company and earning the company billions of dollars.
Robinhood CEO: Crypto rises will continue with Trump
While Donald Trump's victory in the US elections seriously increased the cryptocurrencies, Robinhood CEO Vlad Tenev said that he expects this trend to continue. Tenev said, "We have come to the end of what the SEC has done in the last 4 years."
Vlad Tenev, which provides low-cost stocks and cryptocurrency transactions, stated that he expects the progress of technology and innovation during the Trump era.
“What the SEC did is over”
Stating that he participated in CNBC's Squawk Box program from the US media and that the SEC has seriously targeted the crypto world in the last 4 years, Tenev said:
“We are currently experiencing an exit that people call 'Trump's rise'. The Trump administration had committed to making the USA the center of crypto. We are seeing the result of this right now. I think the SEC's forced regulation policy against this new industry in the last 4 years will now end. They wanted to get ahead of innovation and technology. Many innovation companies have fled to other countries. I think this will stop, clear and clear regulations will come. Because now it seems that there will be a Republican superiority in Congress as well. That's why I expect the continuation of the rises”
“Much more than buying coffee”
Asked about shopping with cryptocurrencies, Tenev stated that he thought this technology would bring benefits far beyond:
“The potential of cryptocurrencies will go far beyond buying coffee with them. For example, the adoption of fixed coins has already surpassed Visa in some areas... Apart from this, the issue of tokenization is increasingly talked about. Now people want to be able to trade 24 hours a day. I think these are indisputable and undeniable issues...”
Btiwise, one of the world's largest asset management companies, will launch Aptos ETF in Switzerland. The ETF will also support staking. The fund will be listed on SIX, Switzerland's largest stock exchange.
While the rise of Bitcoin is turning the eyes back to cryptocurrencies around the world, the major US-based asset management company Bitwise has announced that it will launch a new crypto ETF. As of November 19, the company will issue an Aptos ETF, which also supports staking services.
The funds to be traded on Switzerland's SIX stock exchange will be the world's first Aptos ETF. This ETF (or ETP), which will be processed with the acronym APTB, will be offered to both institutional and individual investors. Received ETFs will support real APT tokens. Staking services will also provide a return of 4.7%.
Aptos, the first layer blockchain network launched in 2022, has recently started to appeal to a serious audience of users. It is known that the network has approximately 8 million monthly active users.
World giants investing in Aptos include Andreessen Horowitz, Apollo Global Management, PayPal Ventures and Franklin Templeton.
In addition to ETFs such as Bitcoin and Ether in the US, Bitwise also has many index ETPs in Europe, along with Solana and XRP.
Praising Michael Saylor, saying Bitcoin stackers have to be on top of the world, "Laser Eyes", "Orange-Pilling", Strategic Bitcoin Reserve, "HODL Strategy."
MicroStrategy's Bitcoin profit was 100 percent: What about the shares?
The MicroStrategy company, which persistently continues to buy Bitcoin started to get the return of its investments. The profit of the company, which has been buying Bitcoin regularly since 2020 and still does not sell, has reached 100%. The opening of the company's shares, whose market value has increased significantly in the recent period is also eagerly awaited today.
MicroStrategy, which he founded Michael Saylor has now turned into a Bitcoin company, has managed to pay off for its persistent investments for more than 4 years. So far, the profit rate of the company, which has been buying continuously with the dollar cost average tactic and increased the number of BTC to over 250 thousand, has also exceeded 100%.
Recently, the value of BTC in the hands of the company, which is one of the largest options for indirect investment in Bitcoin,has exceeded 20 billion dollars. The company spent a total of 9 billion dollars on Bitcoin purchases.
The company, which started its acquisitions in August 2020, has received Bitcoin 42 times so far. The purchase average of the company was 39 thousand 292 dollars. MicroStrategy, which currently has 20 billion dollars of BTC, is followed by Marathon Digital with 2.1 billion dollars and RIOT with 840 million dollars. Both companies are mining Bitcoin. Marathon Digital also recognized Bitcoin as a reserve asset in recent months.
Saylor, who shared the graph below yesterday, also gave the message that he wanted to make more purchases by saying "New ones should be added to the green dots".
Saylor states that Bitcoin should be kept for at least 4 years, 10 years and above in the medium term, and as "it should be" forever.
MicroStrategy shares have increased by 290% since the beginning of the year, and 440% in the last 1 year.
With Bitcoin, which exceeds 80 thousand dollars, MSTR shares are expected to open with increases today. It is also known that many institutions and companies that have been hesitant to buy Bitcoin directly recently bought MSTR shares.