🗿 Predicting the Rest of 2024

GM. Some green on the board this week, and we have some record breaking news on crypto inflows from last week as we look towards the second half of 2024.  

Also, they shot Trump and he’s still going to attend the BTC conference in Nashville. So that seems bullish too?

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Crypto Inflows Are Breaking Records – What That Means for the Rest of 2024

Last week Bitcoin saw its fifth-largest week of inflows on record, and the crypto market in total brought in a whopping $1.44 billion. Yes billion with a B.

Year to date, crypto has brought in $17.8b. For reference, in 2021 during the last bull run, we only saw $10.6b for the entire year. It’s only July 16th, so if we continue on this pace we will far more than double the previous record. 

Obviously, we’ve already seen significant gains from the lows of last year. But so far, the uptick hasn’t quite matched the amount of money coming into crypto. So why not? It’s tough to place on any single factor, but we are here to tell you that there are some good reasons to have hope for the rest of the year.

1. Spot eth ETFs are likely to start trading on July 23rd – this will for sure cause even more inflows.

2. The german government can’t keep selling BTC forever

3. Trump survived the bullet, remains the favorite, and remains pro-crypto

4. Messi promoted a memecoin last week – are celebs going to get back into the game and help us pump??

5. Some people are saying in the next 2 years, we’ll triple the number of users

So, are we 100% sure that the market will keep going up the rest of the year? Definitely not. But remember when there was no good news to report on? Yeah, so that’s why we thought we’d bring it up. Breaking investment records is worth talking about it, and we’ll keep you updated throughout the year. 

What We’re Reading

• This HR company tried to treat AI bots like people — it didn’t go over well

• AI-obsessed bosses are about to get a rude awakening 

• Ether Hedging Activity Picks Up as U.S. ETF Debut Nears 

• The True Value of Web3: You Can Take Your Toys and Leave 

• Trump VP pick supports Big Tech antitrust crackdown 

• GM not reiterating 2025 1 million EV production capacity forecast

• Spot ether ETFs likely to begin trading July 23, industry sources say

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