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Analyst extraordinaire LSplayQ has dropped the tea: Bitcoin is climbing like it’s trying to win a gold medal in the “Pretend to Act Casual While You’re Peaking” Olympics. Trading now close to $118,000, it’s basically saying, “You thought I was done? Honey, please!” This confidence is like your bestie showing up to brunch with the hottest outfit—buying at ever-higher levels is the market’s way of shouting, “Yes, I do love myself!”
According to ARK Invest’s latest antics, they’ve poured their funds into BitMine Immersion Technologies (BMNR), a venture backed by Peter Thiel and helmed by Tom Lee, who’s clearly the human equivalent of a “trust fund baby with a PhD in optimism.” 🕵️♂️
And, bless their hearts, only 11% think it might just scrape past the $130,000 mark. A meager 3% think it’s headed for the heavens at $140,000, while a crystal-clear 1% has their head lost in the clouds at the thought of $150,000. As of Tuesday morn, Bitcoin floated languidly around $118,327, tiptoeing below its all-time high of $123,000 achieved last week. It seems that Bitcoin is playing hard to get! 🪙
Keiser, known for his bombastic takes and early Bitcoin evangelism (think of him as the lovechild of a prophet and a game show host), dubbed this maneuver “The Great Bifurcation.” 🌪️ Because, of course, when you’re Trump, you don’t just buy Bitcoin—you create a whole new economic schism. Keiser implies that Trump is essentially filling his pockets before the U.S. reserve fund gets its hands on any BTC. Classic Trump, or just a man who’s really good at Monopoly? You decide. 🎩
Right now, XRP’s sitting comfortably above $3.60. That’s the highest it’s been since, like, early 2018. It seems like everybody’s getting a little too excited, and I get it—some institutional interest and regulatory clarity around Ripple Labs and XRP definitely help. But hey, no pressure!
Even the venerable Bitcoin, that stoic titan of the crypto realm, could not escape the capricious whims of the market. For the first time since early June, ETF outflows emerged—a betrayal so profound it might rival the backstabbing of a Tolstoyan aristocrat at a masquerade ball. 🎭
Kaspa [KAS], that intrepid voyager, ascended 13% in 24 hours, a crescendo in its symphony of gains. Over four weeks, it has leapt 72%, a phoenix rising from the ashes of doubt—yet one must ask: Is this ascent a hymn to freedom or a prelude to a fall?
In fact, in July alone, the company tucked away an extra 5,668 BTC, roughly worth $676 million, no big deal. Saylor claims their strategy has remained as steady as a cat napping—no sudden moves, no speculating—just pure, relentless accumulation since August 2020. Sounds more like a vow than an investment plan.
Bit Origin, the small-cap firm in question, announced this audacious buy mere days after revealing plans to raise up to $500 million through a combination of equity and debt. The goal? To back its Dogecoin-centric vision, of course. One can only imagine the boardroom discussions that led to this decision. 🤔
