GM friends.
Bitcoin 2024 starts today, and there’s rumors circulating that Elon Musk will make a surprise appearance. Let’s discuss.
So pour a coffee and take a chair, because here comes your mid-week crypto update. ☕️📰
Here’s what’s in today’s issue:
- David shares his thoughts on Elon Musk possibly attending Bitcoin 2024, ETH ETFs launching, Ferrari accepting crypto payments in Europe, Bitcoin miner updates & Democrat meme coins seeing volatility.
- Rekt Capital has the latest technical analysis for you on the market.
- Erik has an article on Trump’s Bitcoin plans.
- In case you missed it by Rebecca.
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Elon Musk to Attend Bitcoin 2024?
The Bitcoin 2024 conference kicks off today, and by the looks of it, this year’s conference will be the most successful in the event’s history.
Hosted annually by Bitcoin Magazine, the Bitcoin Conference is an all things bitcoin meet and greet that features prominent speakers within the space. This year’s conference is being held in Nashville, Tennessee, and it runs from today through Saturday.
We reported last week about the awesome list of headline speakers scheduled, including former President Donald Trump, Robert F. Kennedy Jr., Edward Snowden, Michael Saylor, and Russell Brand.
And as if those speakers weren’t enough, there’s now speculation that Elon Musk might make an appearance. The best evidence indicating this is the fact that Musk’s plane landed in Nashville this past Sunday, and he changed his X profile picture to “laser eyes” on Monday.
Musk appearing at Bitcoin 2024 would be fitting, given:
- His new pledge to donate $45M per month to Trump’s presidential campaign
- His recent warnings on X about a U.S. Dollar collapse, and
- Tesla’s continued HODLING of 11.5K bitcoin.
There was talk that Kamala Harris might attend the event. David Bailey, CEO of Bitcoin Magazine’s parent company, stated earlier this week that his staff were in “talks with [Harris’] campaign for her to speak at the conference.”
However, Bailey confirmed on Wednesday that Harris ended up declining the offer. No surprise there. It would have been a hostile crowd.
But keep your eyes on Bitcoin 2024 over the next few days. It will be bullish if Musk indeed shows up, given all the other heavy hitters that are scheduled to speak.
U.S. ETH ETFs Successfully Launch
As predicted last week, nine ETH ETFs officially launched for trading this past Tuesday on the U.S.’ NYSE and Nasdaq exchanges.
And the opening day was a success. According to data from the U.K.’s Farside Investors, the ETFs’ combined net inflows were $106M, with the bulk attributable to Blackrock and Bitwise.
Now, the inflows would have been much…
