Welcome to the Bitcoin Street Journal, Bitcoin
Market Update podcast, your daily source for
live updates on the Bitcoin market. Join us as
we delve into current Bitcoin technical analysis,
track Bitcoin BTC prices, explore market capitalization
trends and analyze market supply. Stay ahead
of the curve with our comprehensive coverage
of the ever evolving world of Bitcoin. In today's
episode, we'll cover the Bitcoin Street Journal's
50th podcast episode celebration. German crypto
investors' perspective on digital assets as long
-term investments, the decline in Bitcoin reserves
on exchanges, the role of institutional investors
in driving the surge in Bitcoin's price. The
growing acceptance of cryptocurrency among U
.S. investors, an international poll revealing
high understanding and positive opinions about
cryptocurrency, the increasing adoption of digital
assets worldwide, Noster's emergence as a secure
messaging app with advanced AI technology and
strategic partnerships, and the availability
of the Bitcoin Street Journal Market update podcast
on alternative platforms with support through
various channels. Hey there, it's Monday, July
3rd, 2023, and guess what? The Bitcoin Street
Journal is celebrating our 50th podcast episode
of the Bitcoin Street Journal market update.
Can you believe it? It's been quite a wild ride
so far, and we're super excited for what the
future holds. But before we dive into today's
news, we want to take a moment to thank you,
our loyal listeners. We genuinely appreciate
each and every one of you. Now let's jump into
the headlines. A recent survey reveals that 50
% of German crypto investors see digital assets
as a long -term investment. Looks like they're
in it for the long haul. Here's an interesting
stat. According to another survey, a whopping
92 % of global respondents have at least some
basic knowledge of crypto. It seems people are
catching on. Warner Music Group and Polygon Labs
have just announced a music accelerator program.
music and crypto joining forces, we're intrigued
to see what comes out of this collaboration.
In not so great news, Poly Network had to suspend
its services after falling victim to a hacking
incident. Yikes, we hope they get things sorted
out swiftly. Moving on to the market watch. Bitcoin
seems to be stuck below the $1 .31K mark, while
Phil and GRT are seeing impressive double -digit
growth. The market is always keeping us on our
toes. Time for some opinions. Cameron Winklevoss
is putting the blame on the SEC, saying they're
pushing investors towards what he calls the toxic
grayscale Bitcoin trust. Strong words, Cameron.
In South Korea, a crypto bill has been passed
for user protection. It's all about keeping things
safe and secure. Singapore's MAS has ordered
crypto firms to keep customer assets in a trust
by year end. Regulations are tightening up, folks.
In other news, Digital asset investment products
have seen a second consecutive week of inflows
totaling $125 million. That brings the last two
weeks inflows up to $334 million. Impressive
numbers. The Thai SEC has banned the use of customer
crypto assets for lending and investment. They're
taking precautions to safeguard investors. Good
news for Huobi users. They fixed a data breach
that leaked contact details of around 4960 users.
Security breaches are never fun, but at least
they're on top of it. Let's wrap things up with
some interesting Bitcoin trends. Bitcoin had
a positive June close for the first time in four
years, ending the month with an 11 .98 % increase.
Way to go, Bitcoin. And here's a fun fact. July
is considered to be the best month after October
for Bitcoin, based on statistics since 2009.
Keep an eye on the trends this month. Before
we sign off, we'll leave you with a quote from
Max Kaiser. Bitcoin has no top because fiat has
no bottom. Food for thought. That's a wrap for
today's episode. Stay tuned for more exciting
news and updates on the next episode of the Bitcoin
Street Journal Market Update. Until then, keep
rocking the crypto world. Bitcoin has experienced
an impressive surge in recent months, and much
of this can be attributed to the increasing presence
of institutional investors who are fueling the
price boom. Big names like MicroStrategy, MassMutual
and Guggenheim Investments are allocating substantial
sums of money to Bitcoin, thus driving its price
to new heights. This surge in institutional demand
is a key factor behind the skyrocketing value
of the cryptocurrency. Leading the pack of institutional
investors is Grayscale, which has invested over
$13 billion into digital assets, including Bitcoin.
Grayscale has become the go -to investment firm
for institutions serving as evidence of the growing
interest in Bitcoin among larger players. Other
major institutional investors include Square,
which has invested 1 % of its total assets in
Bitcoin, and MicroStrategy, committing up to
$250 million for purchasing the crypto. This
influx of funds has greatly benefited Bitcoin,
and as long as institutional investors continue
to show their commitment, we can expect prices
to remain bullish. The United States is seeing
a rising appetite for cryptocurrency among investors
with an increasingly positive attitude toward
this emerging asset class. Retail investors have
found success in alternative coins like Ethereum
and Ripple, highlighting the potential for cryptocurrency
as a safe haven asset. Even institutions and
banks are starting to show interest. With JP
Morgan launching its own coin, the JPM coin and
Fidelity recently launching its cryptocurrency
custodial arm. Major financial sector players
including Microsoft, Goldman Sachs and BNY Mellon
are also exploring opportunities in the cryptocurrency
space. This growing engagement by established
institutions adds legitimacy to the asset class.
As U .S. investors continue driving demand for
Bitcoin, the cryptocurrency's future looks brighter
than ever. With more participants entering the
market, the demand for Bitcoin is set to increase
further, potentially leading to its wider acceptance
as a form of digital payment. Although some industry
experts remain skeptical, it's clear that institutional
investors are making their presence felt. With
the rising institutional demand, the outlook
for Bitcoin appears promising. So here's the
interesting thing. A recent poll has shed some
light on the global understanding of cryptocurrency.
And guess what? It turns out that a whopping
92 % of participants from around the world actually
possess a fundamental understanding of this digital
currency phenomenon. Pretty surprising, right?
We often think of cryptocurrencies as something
new and unexplored, but it seems like people
are catching on. The survey, conducted by CoinDesk,
also discovered that a staggering 80 % of the
participants actually have a positive opinion
of digital currencies. It seems that more and
more individuals are realizing the potential
of cryptocurrencies as a means to protect their
finances and even increase their financial prosperity.
But wait, there's more. Almost half of the participants
in this survey actually hold some form of cryptocurrency.
This shows a significant shift in how people
are thinking. It looks like the general public
is becoming more open to the idea of cryptocurrencies
and digital assets as they learn more about them.
Interestingly, 73 % of those surveyed believe
that regulation of digital currencies will actually
be beneficial for the industry. This is a great
sign, as experts agree that proper regulation
is necessary for a well -functioning digital
asset market. And get this, the majority of respondents
also believe that blockchain technology, which
powers cryptocurrencies, has the potential to
be a game changer in various industries. So it's
pretty clear that the general public is now well
aware of the opportunities presented by cryptocurrencies
and blockchain technology. And let's not forget,
the survey suggests that the knowledge and acceptance
of digital currencies will only continue to grow
in the near future. And now, just to give you
the latest update, at the time of writing, Bitcoin
is currently trading at $30 ,641 .90, down 1
.56%. in the last 24 hours. Meanwhile, Ethereum
is up 1 .91%, trading at $1 ,961 .53. The survey
results really highlight the growing popularity
of cryptocurrency as an asset class. It's clear
that investor interest in cryptocurrencies has
been on the rise, with more and more people getting
involved in the space. This is evident from the
increasing amount of digital assets being held
in wallets and exchanges, as well as the higher
levels of trading activity. In fact, a recent
survey conducted by JP Morgan Chase and Co. revealed
that an impressive 92 % of global respondents
claim to have a good understanding of the basic
concepts behind cryptocurrencies. This shows
just how much the popularity of digital assets
has skyrocketed over the past decade. The adoption
of cryptocurrency by various countries as a form
of legal tender and the adjustment of payment
systems by businesses worldwide have contributed
to this exponential growth in popularity. Japan
in particular has been at the forefront of embracing
cryptocurrencies, incorporating them into its
national economy. Businesses too have swiftly
adopted cryptocurrencies as a means of payment
for goods and services. As more countries and
businesses jump on board the cryptocurrency train,
The future of digital assets appears bright.
Their increased convenience and cost efficiency
make them an appealing choice, and it's likely
that more countries and businesses will accept
them as valid payment options. This increased
acceptance will provide greater access to financial
services and facilitate more efficient cross
-border payments, among other benefits. The survey
also sheds light on the different views toward
and usage of cryptocurrency across generations.
Interestingly, GenX users were found to account
for the highest percentage at 38%, followed by
Baby Boomers at 30%, and Millennials at 28%.
Contributing to the increased interest among
these generational groups are investing apps
that simplify the process of purchasing crypto
without the need for specialized knowledge or
brokers. Overall, 82 % of respondents expressed
a positive or neutral outlook on crypto investments,
indicating a generally optimistic sentiment.
Undoubtedly, the survey results indicate a growing
interest in and understanding of cryptocurrency.
It remains to be seen whether this increased
knowledge will translate into greater acceptance
of cryptocurrencies as a whole. What is certain,
however, is that the crypto space is at an intriguing
and potentially promising crossroads. Elon Musk's
recent restrictions on social media technology
have ignited a conversation about Twitter's ability
to protect its users. As a result, many users
of Musk -affiliated social media have decided
to abandon the platform and migrate to Noster,
a new social media platform that promises to
provide a safer and more secure experience. Noster
stands out from its competitors with its cutting
-edge technology and strategic partnerships.
The platform utilizes advanced artificial intelligence
algorithms to deliver personalized experiences
across multiple social media platforms. By analyzing
user data, Noster can identify patterns and trends,
offering accurate recommendations to its users.
This has allowed Noster to quickly gain popularity
and attract a substantial user base. Furthermore,
Noster has formed strategic partnerships with
other companies, granting them access to additional
user data and resources. These partnerships not
only reinforce their capabilities, but also serve
as a platform for innovation. By leveraging the
strengths of these partnerships, Noster has managed
to establish itself as a leader in the social
media market. While it is uncertain whether Noster
can completely replace Twitter, its emergence
as a viable alternative is notable. Its continued
success and impact on the social media landscape
are yet to be fully realized. Only time will
tell if Noster can truly compete in the social
media race and reshape the way we connect and
communicate online. Hey there, welcome to the
Bitcoin Street Journal Market Update podcast.
And what an exciting moment this is, our 50th
episode. We're thrilled to have you listening
in. If you've been enjoying our discussion so
far, we've got even more unique Bitcoin related
content waiting for you on our website at the
BitcoinStreetJournal .com. And let's not forget
about Noster. We've fully embraced it along with
other platform alternatives after parting ways
with YouTube due to their lack of respect for
freedom of speech and freedom of the press. Now
here's where we need your support. We would be
truly grateful if you could show us some love
on Fountain .com, Apple, Spotify, Amazon Music,
RSS .com, Pandora, Samsung Podcasts, Stitcher,
Rumble, iHeartRadio, and many more. You can do
this by sending us some SATs via value for value
through getalby .com or fountain .com. Of course,
you can always help out by giving us a like,
sharing our content, or subscribing to the Bitcoin
Street Journal. Remember folks, not your private
keys, not your Bitcoin. Thanks for being here
with us and for your amazing support. Let's dive
into this milestone episode together. In today's
episode, we celebrated the 50th podcast episode
of Bitcoin Street Journal and discussed how German
crypto investors view digital assets as long
-term investments, the decline of Bitcoin reserves
on exchanges, the role of institutional investors
in driving Bitcoin's price surge, the growing
acceptance of cryptocurrency among US investors,
the positive outlook on cryptocurrency worldwide,
the rise of secure messaging app Noster as an
alternative to Twitter. and the various support
channels available for the Bitcoin Street Journal
Market Update podcast. Thanks for listening to
today's episode. I'll see you guys at the next
one. And don't forget to subscribe.