The Crumbling Fiat Empire: A Tale of NYCB and Bitcoin

The recent decline in New York Community Bancorp’s (NYCB) stock price can be traced back to several factors including a drop in profits, loan losses, and regulatory pressure. As CEO Thomas Cangemi stated, “It’s a secular change in the use of downtown real estate.” Despite these challenges, Bitcoin continues to rise in value, demonstrating its resilience against traditional monetary systems. In the ever-changing landscape of traditional finance, the latest headlines surrounding New York Community Bancorp (NYCB) serve as a stark reminder of the fragility inherent in our current financial system.…

BlackRock & Co.: Pioneering Bitcoin’s Integration into Traditional Finance

Greetings, fellow Bitcoinners! It’s an exciting day in our beloved crypto space, as BlackRock and its peers take center stage in the quest for mainstream acceptance. As regulatory clarity emerges, institutional giants see new opportunities to bring Bitcoin closer to traditional finance while ensuring investor protection. Larry Fink, the CEO of BlackRock, has recently expressed his views on Bitcoin, positioning it as a commodity instead of a traditional currency. This perspective highlights the significance of appreciating Bitcoin from an investment viewpoint, which is a notion that finds agreement among numerous…

The Bitcoin ETF Race: A Tug-of-War Between Inflows and Outflows

Grayscale Bitcoin Trust (GBTC), which began January 2021 with a holding of 619,000 $BTC, has seen a decrease to 478,000 BTC as of now. While Grayscale holdings dwindle, financial giants Blackrock and Fidelity have stepped into the scene, acquiring a staggering 134,357 BTC ($5.7 billion) for their respective Spot Bitcoin ETFs. This sudden increase raises questions about whether everyday crypto enthusiasts will even have access to Bitcoin if large institutions snap it all up! Let us take a closer look at the state of the ETF race using 3 revealing…