BlackRock’s Bold Bitcoin Move: Unpacking the Latest Crypto Trends

DAILY MARKET OVERVIEW
Crypto Shakeup: BlackRock Aims to Dethrone Grayscale as Bitcoin King

Brace yourselves, Crypto Enthusiasts, because the game is about to change.

In a major development, BlackRock's Bitcoin ETF (IBIT) is rapidly accumulating Bitcoin and is on track to surpass Grayscale's GBTC trust as the largest institutional holder of Bitcoin within the next few weeks.

As of March 22nd, BlackRock holds 243,125 BTC, while Grayscale holds 347,587 BTC - a difference of 104,462 BTC.

However, BlackRock has been adding an average of 4,120 BTC daily, while Grayscale has been experiencing outflows averaging 4,140 BTC per day. At this rate, BlackRock is expected to flip Grayscale in just 12-13 trading days, becoming the new leader in institutional Bitcoin holdings.

Renowned investor Mark Yusko of Morgan Creek Capital has boldly stated that Bitcoin is the best investment asset available. He cites three key reasons:

• Bitcoin has been the best-performing asset in 12 out of the last 15 years.

• Risk-adjusted returns is the highest of any asset class over the past decade.

• Bitcoin has an extremely low correlation to bonds and stocks, making it an excellent portfolio diversifier.

According to Yusko, Bitcoin is a must-have in any investment portfolio.

Crypto Adoption Still in Early Stages

Despite the recent crypto rally, on-chain data suggests we are still in the early stages of adoption. Approximately 75% of Bitcoin's supply has not moved in over 6 months, indicating a significant portion is being held by long-term investors.

As the price rises, more short-term holders are expected to emerge, driven by long-term holders taking profits. With the upcoming Bitcoin halving event further constricting supply, the stage is set for continued price appreciation.

TWITTER SENTIMENT
Current Trends On Crypto Twitter

Right now, the hottest trend is projects focused on Real World Assets, along with Coinbase's Base chain.

We've been vocal supporters of this Real World Asset narrative, highlighting projects like Ondo Finance and Goldfinch that have skyrocketed in value over the past week.

We think the Real World Asset trend still has a lot of room to grow and hasn't even hit its full stride yet.

So what projects should be on your radar? The current market leaders likely to keep performing well are Ondo & Goldfinch. 

Some riskier but potentially higher-upside dark horses to watch are Blocksquare and Carbify - these are far more speculative but could really take off.

The Real World Asset space is sizzling right now, so get ready for an exciting ride as this narrative continues unfolding.

Along with the Real World Asset projects, we've seen a massive surge on Coinbase's Base chain, which recently became the 4th largest chain by trading volume. It even briefly took the #3 spot, surpassing Binance for a short time.

Base's current narrative revolves around meme coins, much like Solana's ecosystem. Many believe Solana traders will migrate to Base in search of the next viral hits like WIF or Bonk.

So far, this theory is playing out, with Base's trading volumes skyrocketing higher.

Which Base projects should be on your watchlist? There are certainly a lot of questionable "scam" projects trying to capitalize on the hype. However, some of the current proven leaders worth paying attention to are Brett, Normie, Aerodrome, and Degen.

The meme coin mania is in full swing on Base right now, as traders flock to the new chain hunting for the next big craze and explosive gains. Stay vigilant but keep these top projects on your radar.

NEWS OVERVIEW
Recent Crypto News

• Dogecoin’s Deja Vu: Echoes Of Late 2020’S Rally

• Crypto’s Creative Playground: Games And The $100M Immutable-Polygon Fund

• Bitcoin And Ethereum Eye New Highs As Halving Approaches

• The Evolution Of Bitcoin Mining: A Look Back Since The Last Halving
  

YOUTUBE INFLUENCER SUMMARY
Ivan On Tech -BITCOIN WILL SHOCK EVERYONE THIS WEEK!!!! $80,000 inevitable... (25.03.2024 Summary)

Ivan is absolutely euphoric about Bitcoin and the crypto markets! He opens by proclaiming that Bitcoin is going to "shock everyone" this week by inevitably hitting $80,000. The bears who expected Bitcoin to crash below $60k have been utterly wrecked according to Ivan.

• He has been aggressively buying every dip in the $60k range, and he's convinced that not only will Bitcoin smash past its all-time highs, but it's destined for at least $80k in the very near future - potentially even this week!
  

• Ivan then goes on a rant, covering all the latest crypto news and developments. He talks about Solana's massive transaction volume and how the layer-2 solution Base is starting to compete with Solana for that volume.
  

• He highlights smaller altcoins like Sidus, which his community called to buy at just $0.006 recently before it pumped to nearly $0.01. Ivan gloats that just this one call paid for his entire subscription service.
  

• Shifting gears, Ivan rants about politicians being "dinosaurs" who are anti-crypto because it threatens their money printing abilities. But he claims they'll be forced to eventually embrace it as the "currency of the future" and for AI economies.
  

• Ivan dissects the latest US spending bill and the Fed's signals about slowing rate hikes - positing they are being pressured politically ahead of elections. He spins it as ultimately being massively bullish for inflating asset prices like Bitcoin.

Throughout the video, Ivan gives out price updates on altcoins like Game Swift, Atrium, GT Protocol, and others that his community is following. He hypes up his team's involvement in projects like Beoble.

Overall Ivan continues to hold his bullish stance on crypto expecting the run to continue further up.

Coin Bureau - When Will ALTCOIN Season Start?! Watch These Cryptos! (25.03.2024 Summary)

Altcoin Season: The Crypto Craze We've All Been Waiting For!

Ah, altcoin season – the crypto phenomenon that has everyone on the edge of their seats! It's the time when altcoins start outperforming Bitcoin itself, and things get really exciting in the crypto world.

• So far, we haven't quite seen the full-blown altcoin season that everyone's been anticipating. Sure, a few altcoins like Solana and some meme coins have had their moments in the spotlight, but most altcoins are still lagging behind Bitcoin's stellar performance.
  

• But don't worry, crypto fans – altcoin season is coming! According to the wise crypto sages at CoinBureau, altcoin season will arrive once there's a massive influx of new retail investors entering the crypto market. When that happens, crypto whales (the big players with lots of crypto) will start rotating their profits from Bitcoin into altcoins, kickstarting the altcoin craze.
  

• So, how can you prepare for altcoin season? Well, you'll want to keep an eye on some key indicators, like Google searches for crypto terms, trading volumes on exchanges, and even the views on crypto YouTube channels like CoinBureau. When those start spiking, you'll know altcoin season is knocking on the door!
  

• And which altcoins should you watch out for? CoinBureau recommends looking for altcoins with low market caps (more room for growth), listed on major exchanges like Coinbase (easy access for retail investors), and with narratives and use cases that make sense to the average person (like meme coins or gaming).

But don't forget about good ol' Bitcoin, the OG crypto that started it all. While altcoins may steal the spotlight during altcoin season, Bitcoin is still the safest and most proven cryptocurrency out there.

So, get ready for the altcoin season extravaganza! It's sure to be a wild ride filled with pumps, dumps, and lots of crypto excitement. Just remember to do your research, invest responsibly, and most importantly, have fun!

CRYPTO MEMES
Every Time

“People Who Bought BTC at $69k in 2021”