1. The German Gov't has no Bitcoin left to sell. Mt. Gox Creditors and FTX Creditors are not selling.
2. The Bank of Japan says no more rate hikes.
3. The FED is expected to cut rates in September. Lower rates, more money.
4. Crypto is being used in the election. Trump and Kennedy are pro-crypto. Even Harris is trying to join the party.
5. Crypto is in the Senate. Sen. Lummis proposed a Strategic Bitcoin Reserve bill that aims to raise 1 million Bitcoin within 5 years.
6. States are passing a bill to protect Bitcoin Rights. Oklahoma and Missouri have passed the bill. Ohio, South Carolina, Mississippi, Tennessee and more have proposed the same bill.
7. Institutions are buying Bitcoin. Microstrategy is raising $2 billion to buy more Bitcoin. Metaplanet is raising 10 billion Yen to buy more Bitcoin. Along with these two is Semler Scientific which continuously buys Bitcoin.
8. Bitcoin and Ethereum ETFs. Bitcoin ETF is successful with over $50 billion onchain holdings within 6 months. Ethereum ETF have $6.6 billion onchain holdings within 12 trading days.
9. Institutions are reporting that they hold Bitcoin through Bitcoin ETF shares. There are over 700+ institutions for Q1 2024.
10. Morgan Stanley has its 15,000 financial advisers recommend Bitcoin ETF to its wealthy clients.