OVERVIEW

Michael Saylor’s Endgame: Bitcoin Bank

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

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Crypto News 📰

🪙 Saylor's Endgame: MicroStrategy as a Bitcoin Bank

Michael Saylor envisions MicroStrategy as a trillion-dollar Bitcoin bank, focusing on BTC-based capital market instruments like equity and convertibles. He believes Bitcoin will make up 7% of global financial capital by 2045, with a projected price of $13 million per BTC. TheBlock.

💼 Fidelity's Blockchain Fund Launching

Fidelity Investments plans to introduce a blockchain-based money market fund to enhance transaction efficiency. The fund wants to simplify financial processes and make them more accessible to investors. coincu.

⚖️ Feds Want 'Razzlekhan' Jailed

Prosecutors seek an 18-month sentence for Heather Morgan, aka 'Razzlekhan,' for laundering stolen Bitcoin from the 2016 Bitfinex hack. Despite her cooperation, she's facing jail time. She’s getting one month for the hack and seventeen months for this horrible, horrible rap video. D.C. Court filing.

📈 Crypto ETFs Still Hot

Nearly half of U.S. investors are planning to invest in crypto ETFs, according to Charles Schwab. Millennials are particularly interested in these products. Looks like the crypto trend isn't fading anytime soon. Decrypt.

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