Episode Details

11th July: Crypto & Coffee at 8 🎙️
🔴BRICS Google Trends🚀 US dollar spikes🚀 $500M in #BTC Funds (Glassnode + CoinShares)💰 United Nations Ai Robot press conference🤖

🔴 BRICS Recent data from Google Trends reveals a surge of interest in the BRICS, with search terms such as “BRICS,” “de-dollarization,” and “BRICS currency” reaching their peak scores last week, signifying widespread curiosity on a global scale. Bitcoin.com has reported that According to Google Trends (GT), the search term “BRICS” skyrocketed to a perfect score of 100 out of 100 on July 3, 2023. The day before, the search term “BRICS” garnered a score of 72 out of 100. https://lnkd.in/dqjv_y9h

🔵 Bloomberg just released a video via YouTube a few minutes ago stating the The US Dollar Has Peaked https://lnkd.in/dHPCJNCG This would play a crucial role tomorrow as the CPI numbers will be out. So the big question is now is. Where does Bitcoin fit into all of this? History has shown Bitcoin to be inversely correlated with the U.S. dollar Are we heading into Stagflation?

🎙️ Check out Blockchain DXB’s crypto & coffee at 8 podcasts where we share our thoughts & opinions on this
 

📊 Monday Tech data:
- Glassnode weekly insights here https://lnkd.in/dqU_jjiq & CoinShares blog via Medium https://lnkd.in/dUXrVFsr has a weekly snapshot of money flowing in Bitcoin

- Decrypt has a great summary here https://lnkd.in/dxRWdZic which states Institutional investors have put half a billion worth of assets into digital asset investment products mostly ones that hold Bitcoin in the last three weeks & digital asset investment products registered $136 million in inflows in the past seven days, bringing the 3-week total to $470 million.

• Glassnode insights also noted that exchange inflows are at a cycle low, registering $2.3 billion in deposits. In conjunction with today’s CoinShares report, these numbers suggest that institutions might be bullish.
  #DisruptiveTech
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