Anthony Scaramucci, founder of SkyBridge Capital, has criticized the growing trend of companies issuing debt to buy Bitcoin for their corporate treasuries, likening it to speculative bubbles like SPACs. He warns that when this strategy falls out of fashion, it could harm Bitcoin’s reputation. This puts him at odds with MicroStrategy’s Michael Saylor, whose firm has amassed a $61.9 billion BTC treasury using convertible debt. While both agree on Bitcoin’s potential, Scaramucci sees it as ‘digital gold’ worth $24-25 trillion, whereas Saylor views it as ‘digital property’ potentially worth $500 trillion. Analysts have flagged risks, including forced liquidations in a prolonged downturn, though structural safeguards may mitigate such scenarios.
about Scaramucci Criticizes Debt-Fueled Bitcoin Buys as Risky TrendThe Kobeissi Letter
0 in Finance and 0 in Crypto last weekBitcoin Surges Amid Middle East Conflict, Volume Jumps 100%
Bitcoin has staged a strong recovery following initial losses triggered by Israel’s attack on Iran, with daily trading volume surging nearly 100% to $88 billion. The cryptocurrency’s price volatility coincided with this volume spike as it fluctuated between $105,000 and $108,000. Bitcoin’s open interest remains near record highs at $71 billion, while its market dominance holds above 64% as altcoins struggle. Analysts note the market’s reaction suggests low expectations of World War 3, with The Kobeissi Letter estimating such an event would trigger a 30-50% S&P 500 crash and send gold to $5,000-$10,000/oz. Current market movements indicate anticipation of de-escalation in the Middle East conflict.
about Bitcoin Surges Amid Middle East Conflict, Volume Jumps 100%Crypto Markets Plunge Amid Israel-Iran Tensions
A sudden sell-off hit cryptocurrency markets following reports of an Israeli airstrike on Iran, triggering widespread volatility. Bitcoin fell 5% below $104,000, while altcoins dropped 6-9%, resulting in over $1 billion in liquidations—mostly long positions. Traditional markets also reacted, with S&P 500 futures tumbling 1.9%, oil jumping 12%, and gold surpassing $3,400 per ounce. Analysts, including ex-BitMEX CEO Arthur Hayes, warned of further turbulence amid geopolitical risks and upcoming US economic data. Short-term outlooks remain divided, with some expecting a rebound and others bracing for continued instability. The crisis underscores how quickly crypto and global markets react to geopolitical shocks, with traders closely monitoring safe-haven assets and inflation reports for direction.
about Crypto Markets Plunge Amid Israel-Iran TensionsBitcoin Gains as US-China Trade Talks Impact Markets
Bitcoin has rebounded 2% to $108,700 as US-China trade talks progress in London, with markets closely watching developments that could impact global trade. Chinese exports to the US plunged 34% in May despite tariff reductions, while exports to Vietnam surged 22% as companies reroute supply chains. Crypto analyst Rekt Capital notes BTC has established $104,400 as strong support, potentially setting the stage for new highs. MicroStrategy expanded its Bitcoin holdings by 1,045 BTC ($110.2M), now holding 582,000 BTC total. The data highlights interconnected movements between crypto markets, trade policy, and corporate accumulation strategies.
about Bitcoin Gains as US-China Trade Talks Impact MarketsJapan’s Bond Crisis Fuels Bitcoin as Reserve Asset Debate
Japan’s government bond market is facing unprecedented turmoil, with 30-year JGB yields hitting a record 3.15%, signaling a collapse in confidence. The country’s staggering 260% debt-to-GDP ratio and vanishing bond liquidity have drawn comparisons to Greece’s fiscal crisis. Analysts argue this chaos strengthens Bitcoin’s case as a reserve asset, given its scarcity and immunity to sovereign debt risks. Wall Street figures like Jamie Dimon and Ray Dalio echo concerns over currency debasement, while Bitcoin’s price nears cycle highs. The crisis underscores a broader shift: sovereign debt is no longer ‘risk-free,’ and Bitcoin is increasingly seen as financial insurance.
about Japan's Bond Crisis Fuels Bitcoin as Reserve Asset DebateUS Corporate Bankruptcies Hit 15-Year High Amid Trade War
According to market analyst Adam Kobeissi, 246 large US firms have filed for bankruptcy this year—the highest number in 15 years. The industrials sector leads with 41 bankruptcies, followed by consumer discretionary (31) and healthcare (17). The spike coincides with rising tariffs, inflation uncertainty, and a sharp decline in consumer sentiment, which has hit near-historic lows. Kobeissi warns of further bankruptcies in 2025 as economic pessimism grows.
about US Corporate Bankruptcies Hit 15-Year High Amid Trade WarCrypto Markets Hold Gains Amid US-China Trade Talks
Crypto markets remained resilient over the weekend despite ongoing US-China trade talks and macroeconomic uncertainty. The Federal Reserve opted to keep interest rates unchanged, adopting a ‘wait and see’ approach due to tariff-related risks. This week, critical inflation data (CPI and PPI) and retail sales reports could sway market sentiment. Bitcoin hovered near $104,000, just shy of its all-time high, while Ethereum surged over 40% in the past week. Altcoins also saw gains, though momentum slowed. Traders are eyeing upcoming economic indicators, including consumer sentiment and OPEC’s monthly report, for further market direction.
about Crypto Markets Hold Gains Amid US-China Trade TalksGold Hits Record Highs Amid Market Uncertainty
Gold is experiencing unprecedented momentum, outperforming the S&P 500 with a 109% gain since 2020 compared to the index’s 74%. Analysts attribute this surge to heightened market uncertainty, leading to a record $8 billion in net inflows into gold funds recently. Central bank buying remains historically strong, with gold holdings now making up 18% of global reserves, the highest in 26 years. Additionally, the weakening US Dollar Index (DXY), down nearly 10% since the trade war began, has made gold more attractive to foreign investors. This combination of factors suggests gold may be in its strongest market ever.
about Gold Hits Record Highs Amid Market UncertaintyBitcoin Could Hit $1M as US Economy Struggles
Recent macroeconomic data reveals a struggling US economy, with GDP declining by 0.3% in Q1 2025 and stagflation concerns rising due to high inflation and stagnant growth. The Federal Reserve faces a dilemma: cutting interest rates could worsen inflation, while holding rates may deepen unemployment. Amid this uncertainty, Bitcoin (BTC) has surged 2% in 24 hours, with analysts predicting a potential explosive rally to $1 million as institutional demand grows. The Kobeissi Letter highlights worsening economic conditions, including rising Treasury yields and weak job growth, reinforcing Bitcoin’s appeal as a hedge. Traders like Michaël van de Poppe argue that a recession could force the Fed to ease policies, further benefiting Bitcoin.
about Bitcoin Could Hit $1M as US Economy StrugglesTether’s XAUT Gold Token Hits $770M Market Cap
Tether’s XAUT, a tokenized gold product, has published its first attestation, confirming 246,523.33 ounces (7.7 tons) of gold backing, with a market cap of $770 million. The token reached an all-time high of $3,423 in April, driven by global economic uncertainty and gold’s strong performance. Central banks, particularly China, are increasing gold reserves, further boosting demand. Tether plans to expand XAUT’s reach in emerging markets, positioning it as a digital alternative to physical gold. Gold has outperformed the S&P 500 by 32.6% YTD, marking its strongest divergence since 1975.
about Tether's XAUT Gold Token Hits $770M Market CapGold & Bitcoin Surge as Safe Havens Amid Dollar Weakness
A prominent analyst, Dave the Wave, suggests gold’s bull market is entering a parabolic phase, potentially reaching $7,500 by 2028. Bitcoin is also surging, breaking past $90,000 as it mirrors gold’s safe-haven appeal. Market observers like Adam Kobeissi note both assets are rising due to declining confidence in bonds and the US Dollar. Gold has gained over 15% since April, while Bitcoin is up 12%, signaling a shift toward alternative stores of value. Analysts attribute this trend to broader economic instability and a search for reliable hedges.
about Gold & Bitcoin Surge as Safe Havens Amid Dollar WeaknessWhite House Tariff Pause Rumor Sparks Market Frenzy
Markets experienced extreme volatility after rumors surfaced about a 90-day White House tariff pause for all countries except China. The S&P 500 briefly added over $3 trillion in market cap before erasing $2.5 trillion once the news was debunked. Bitcoin surged 7.2% to $81,200 before retreating to $77,560. Analysts highlighted the fragility of market sentiment, with crypto observers noting sidelined capital and extreme headline-driven volatility. The event underscored how quickly markets can swing on unverified news, with experts warning of potential liquidity risks and further instability.
about White House Tariff Pause Rumor Sparks Market Frenzy