Bitcoin Rally Fueled by ETFs

CRYPTO
Bitcoin Rally Fueled by ETFs

Bitcoin appears primed to surpass $80,000 by late 2025, driven by bullish signals in derivatives markets and excitement over a potential Trump victory. According to Bitfinex analysts, the structure of the options market indicates rising investor interest in higher strike prices, particularly those targeting the $80,000 level by the end of 2025. Recent reports show a significant increase in call open interest, signaling that traders are gearing up for a post-election rally.

On October 28, Bitcoin broke past the critical $70,000 resistance, closing in on its all-time high of $73,800. Analysts suggest the upcoming U.S. presidential election on November 5 could be the key catalyst for Bitcoin’s next leg higher. Investor optimism has also led to robust inflows into Bitcoin ETFs, with net positive inflows of $479 million on October 28 alone. Over the past 12 trading days, Bitcoin ETFs saw cumulative inflows exceeding $4 billion, with BlackRock’s IBIT ETF accounting for $2.6 billion.

As nearly 98% of Bitcoin holders are in profit, market sentiment remains overwhelmingly positive. Coupled with an optimistic outlook for the U.S. elections, these trends could fuel Bitcoin’s historic post-halving rally and push it above the $80,000 mark. Investors are closely watching the ETF inflows and derivatives positioning as the next major signals of a potential bull run.
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BILL GATES
Gates Shares 3 Tips for Success

Bill Gates co-founded Microsoft with Paul Allen 49 years ago, building a company now valued at $3.125 trillion. Reflecting on those early days, Gates admitted he rarely took breaks, not even on weekends, and expected the same from his team. He monitored employees closely, but later realized this intensity wasn’t sustainable or conducive to a balanced life.

Gates shared three key lessons for success:

1. Ask Questions When Problem-Solving: Gates believes in starting with two fundamental questions: “Who has dealt with this problem well?” and “What can we learn from them?” This approach has guided his decision-making since his teenage years.

2. Manage Your Time Wisely: Gates learned the importance of leaving room to think from Warren Buffett, who keeps an uncluttered schedule. Gates realized that having every minute packed doesn’t equate to being a better leader.

3. Be Understanding and Patient: Gates emphasized the need for patience in leadership, recognizing that intensity alone doesn’t lead to success. His advice is to cut yourself some slack and prioritize both work quality and life balance.
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TECH
Microsoft Accuses Google of interfering

Microsoft has accused Google of conducting "shadow campaigns" in Europe to undermine its reputation with regulators. In a blog post, Microsoft lawyer Rima Alaily claimed that Google orchestrated a coalition of cloud companies to discredit Microsoft and influence policymakers. According to Alaily, Google hired the DGA Group to establish the Open Cloud Coalition, allegedly using European cloud providers as a front to criticize Microsoft’s cloud licensing practices.

Microsoft’s accusations follow Google’s announcement to file an antitrust complaint with the European Commission over what it calls Microsoft’s unfair licensing tactics. Alaily suggested that Google is trying to conceal its involvement and financial backing in these efforts. Google, on the other hand, argues that Microsoft’s practices harm competition, innovation, and customer choice in the cloud industry.

The dispute intensifies the rivalry between the tech giants in the cloud and software markets. Google is currently facing increased regulatory scrutiny in Europe and the U.S., where it’s involved in its second antitrust trial with the Department of Justice.
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BOEING
Boeing Raises $21 Billion Lifeline

Boeing has raised $21 billion through an expanded share sale, bolstering its finances amid ongoing challenges. The US planemaker sold 112.5 million shares at $143 each, below the market price of $155.01, and an additional $5 billion in depositary shares. This move aims to prevent a downgrade of Boeing’s credit rating and fund operations as the company navigates financial strain.

Boeing’s stock fell 0.5% pre-market and has dropped 42% this year. CEO Kelly Ortberg faces multiple issues, including the pandemic’s impact, 737 Max crashes, and a prolonged labor strike affecting production. The company expects to burn $14 billion in cash this year and continue through early next year.

To secure liquidity, Boeing received approval to sell up to $25 billion in equity and debt, alongside a new $10 billion credit agreement. Ortberg is also reviewing Boeing’s business portfolio, with decisions expected by year-end. The capital raise was led by Goldman Sachs and other major banks.
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Meme of the day

Word of the day
Omniscient

Omniscient describes someone or something with unlimited knowledge or understanding.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.