Uptober Has Arrived
All Signs Point to Bullish Q4 Vibes
Greetings Bullievers!
Welcome to the Hodl Report, where crypto prices are soaring, and our portfolios are flexing harder than a gym bro on leg day! šŖš
In this issue weāre covering:
The market review š
Bullish upcoming events š
Important news from the week š°
Funny crypto stuff š¤£
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Hold onto your wallets, folks! All signs are pointing to a juicy crypto bull run, and the market is getting spicy. š¶ļø Letās break down the signals that show we are on our way to some serious green candles.
Weāve already dug deep into the skyrocketing U.S. debt, the Fed slashing interest rates, and the steady flow of liquidity and stimulus, but now Bitcoiners are pulling their coins off exchanges, signaling they're in it for the long haul. And hereās a shocker: Republicans and Democrats are suddenly BFFs over Bitcoin! Yep, the one thing they actually agree on is that decentralized, finite-supply assets might just be the ultimate safety net.
What else happened this week?
Arthur Hayes Calls It: Inflation & Energy Prices = Bull Run
Arthur Hayes, crypto analyst and relentless sh*t-talker, is back predicting a bull run thanks to rising energy prices and inflation. Sure, heās right about 50% of the time, but his big predictions have been spot-on. Inflationās creeping up, and when that happens, the hope is that people look to Bitcoin for refuge. Could Hayes be calling it right again? š§š®
Retail Investors Are Coming, and Charles Schwab Says So
Charles Schwab just dropped a bombshell: 45% of U.S. ETF investors are eyeing crypto in the next 12 months. Thatās a flood of retail money waiting to hit the market. And we all know when retail gets in, FOMO takes over, and prices go wild. Also, this week Standard Chartered had their own bullish prediction: Bitcoinās set to hit a new all-time high before the U.S. electionsšøš
Trump Surge = Crypto Surge?
Love him or hate him, betting markets say Trumpās chances are rising, and itās clear that heās more bullish for crypto than Harris. If Trump continues to pull ahead, expect the markets to get a little extra juice. šš
Important Upcoming Bullish Events
FTX Refunds: Crypto investors getting FTX refunds ( about $16 billion in fiat) are likely to reinvest in crypto, adding fresh liquidity to the market.
Mt. Gox Delays: Mt. Gox pushed their repayment deadline to 2025, meaning no major selling pressure for a while. Phew!
Bitcoin ETF Inflows: Blackrockās Bitcoin ETF alone saw $1 billion in net inflows this week - big money is moving in and we are running out of paperhand sellers.
In short: the stars have aligned, and this bull run will be one for the books. Prepare your bags, because Q4 is going to start the epic run! š
Hodl Headlines
The Weekās Most Interesting News
This weekā¦
7 Years Ago - Taihuttu family sells all their assets and invests everything into Bitcoin (publicly). Bitcoin price was $5,000 at the time
Stripe Enables Crypto Payments for Merchants: Stripe now allows U.S. merchants to accept USDC stablecoin payments for online transactions, expanding crypto payment options to over 70 countries. This move integrates stablecoins into Stripeās Optimized Checkout Suite, with payments settled in fiat, enabling easier global transactions without merchants needing to hold crypto directly.
AI Bot Sparks Viral Memecoin Surge: An AI bot called @truth_terminal endorsed the memecoin GOAT, driving its market cap to nearly $300 million. The botās crypto wallet now holds over $500,000, marking a bizarre moment where AI, memes, and crypto collided to create a viral sensation in the crypto world.
Craig Wright Files Lawsuit Against Bitcoin Core: Craig Wright is suing Bitcoin Core developers and Square for Ā£911 billion, claiming they misrepresented Bitcoin (BTC) as the genuine version of the asset originally outlined by Satoshi Nakamoto. Representing himself, Wright is seeking transparency on whether BTC remains aligned with the vision of decentralized, peer-to-peer electronic cash for small transactions. This follows a previous UK court ruling stating Wright is not Satoshi.
Grayscale Eyes 35 New Cryptos for Investment Products: Grayscale has added 35 cryptocurrencies, including Dogecoin, Worldcoin, Rune and various smart contract platforms, to its list of assets under consideration for new investment products. The list highlights a focus on expanding into alternative blockchains like Aptos, Celestia, and Arbitrum, signaling continued diversification and interest in emerging networks.
Trump-Backed PAC Raises Over $7 Million in Crypto: A political action committee supporting Donald Trump, known as āTrump 47,ā has raised $7.5 million in cryptocurrency between July and September. Major donations came from industry leaders, with contributions in Bitcoin, Ethereum, and XRP, signaling strong crypto support for Trump's presidential campaign
FBI Arrests Alleged Hacker Behind Fake SEC Bitcoin ETF Post: The FBI has arrested Eric Council Jr., the man accused of hacking the SECās X (formerly Twitter) account to falsely announce Bitcoin ETF approvals in January. The fake post caused Bitcoinās price to jump by $1,000 before dropping $2,000. Council is facing charges of identity theft and fraud for his role in the cyberattack.
Italy to Increase Capital Gains Tax on Bitcoin: Italy is getting ready to increase capital gains tax from 26% to 42% on cryptocurrency profits exceeding ā¬2,000. The new law aims to regulate crypto earnings, bringing them in line with traditional assets and creating a formal tax framework for digital currencies like Bitcoin.
Big thanks for making it to the end of this weekās Hodl Report! š
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Happy Friday!
Disclaimer: The content from Hodl Report should not be taken as trading, investment or financial advice or solicitation to buy or sell any assets. This newsletter is for informational and educational purposes only. Please be careful out there and DYOR (do your own research).