Bitcoin September Update

Episode 11 - Bitcoin September Update

 

Welcome to your monthly deep dive into the world of Bitcoin! In this episode, we're breaking down the latest developments that could shape the future of cryptocurrency.

 

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Show Notes/Timecodes:

 

• 0:00 - Introduction to Bitcoin September Update
• 0:43 - US ETFs Bitcoin Purchases
  • BlackRock, Fidelity, and Bitwise have made significant Bitcoin acquisitions, signaling strong institutional interest.
  • BlackRock and Fidelity's combined holdings now exceed $34.2 Billion.
• 1:47 - BNY Approved for BTC Custody
  • The SEC's nod to BNY Mellon for Bitcoin custody could pave the way for more banks to follow.
• 2:39 - PayPal Approves Bitcoin for Business Accounts
  • PayPal now allows businesses to buy, hold, and sell Bitcoin, expanding crypto's utility in commerce.
• 3:26 - Bitcoin Price Prediction by Standard Chartered
  • Analysts predict Bitcoin could reach $200,000, regardless of the 2024 US Election outcome.
• 5:00 - SEC Approves Options for BlackRock's Spot Bitcoin ETF
  • Investors can now generate yield through covered calls on Bitcoin, marking a significant regulatory advancement.
• 5:58 - MicroStrategy's Bitcoin Acquisition
  • Their latest purchase adds to their substantial Bitcoin treasury, showcasing unwavering corporate faith.
• 7:34 - Commerzbank to Offer Crypto Trading
  • Germany's banking giant steps into crypto trading, signaling mainstream adoption.
• 7:49 - Deutsche Digital Assets Launches Bitcoin ETP
  • A new trading vehicle starts on September 19, offering another way to invest in Bitcoin.
• 8:47 - Cathedra Adopts Bitcoin as Treasury Reserve
  • A strategic move by Cathedra to hold Bitcoin as its primary reserve asset.
• 9:45 - DBS Bank's Crypto Trading Plans
  • Singapore's DBS outlines ambitious plans for crypto options and structured notes.
• 10:15 - SpaceX's Bitcoin Holdings
  • Elon Musk's space venture still holds significant Bitcoin, showing long-term commitment.
• 11:01 - Global Rate Cuts Impact on Bitcoin
  • China's monetary policy shifts and reduced US Treasury holdings could influence Bitcoin's value.
• 13:45 - China's Crypto Status
  • Despite the ban, China remains a crypto mining powerhouse, with rumors of potential policy changes.
• 14:30 - Bhutan's GDP in Bitcoin
  • Bhutan's bold move to peg a third of its GDP to Bitcoin underscores the nation's crypto confidence.
• 15:20 - German Parliament Bitcoin Education Initiative
  • Efforts to educate policymakers on Bitcoin, hinting at future legislative changes.
• 15:50 - Ending