Episode Details

14th Feb : Crypto & Coffee at 8

🔥CPI Number: Inflation rises to 3.1% ❗ MicroStrategy rebranding 🟢 Franklin Templeton: Ethereum ETF 🔴Trump’s MAGA Coin 🚀

🔵 The U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all-items index increased by 3.1 per cent before seasonal adjustment. Official information here http://tinyurl.com/2s6ker6t

💥 How will Bitcoin & and Crypto market react to the news?

- Inflation🔺 = Bitcoin🔻

💥 Based on CPI numbers Federal Reserve Board chair Jerome Powell will be deciding to announce the interest rate hike

- Inflation 🔺 = Interest rate 🔺

🎙️Check out Blockchain DXB’s Crypto & Coffee at 8 we share our commentary on this. We also go ahead and explain how Inflation is calculated.

❗ Michael Saylor, co-founder and executive chairman of MicroStrategy (MSTR), plans to rebrand the company to reflect its focus on accumulating Bitcoin and supporting its network growth. Saylor highlighted the surge in demand for Bitcoin products, particularly driven by ETF-related demand. He strongly feels that the demand for Bitcoin Products Is 10x the Supply. He highlighted the ETF-driven demand surge for Bitcoin, citing its novelty, digital nature, and global appeal. His interview with CNBC is here http://tinyurl.com/mt8vej8d

💯 However, we at Blockchain DXB believe Saylor’s claim of demand being 10 times the supply aims to artificially boost Bitcoin demand, potentially increasing Saylor’s & Microstrategy’s wealth given their significant holdings. Also, Saylor has a history of providing misleading, incorrect & #fakenews about Bitcoin’s technical aspects.

🟢 Franklin Templeton has applied for a spot Ethereum exchange-traded fund (ETF), a filing with the U.S. Securities and Exchange Commission (SEC) shows. The asset manager joins BlackRock, Fidelity, Ark and 21Shares, Grayscale, VanEck, Invesco and Galaxy, and Hashdex, who have all submitted applications in recent months. Filing here http://tinyurl.com/yhce2bt9

🔴 $TRUMP is now the 11th largest Meme Coin in the world according to CoinGecko http://tinyurl.com/26p3x2zx

❤️ MAGA Coin has scored 1054.4% gains in the last 30 day

- Mechanism Capital A major cryptocurrency hedge fund has seen massive returns, up 1,054%, by investing in Donald Trump-themed coins ahead of the upcoming United States presidential election. Andrew Kang, a prominent figure at Mechanism Capital, revealed this unconventional strategy on Twitter. His tweet here http://tinyurl.com/mpvw5bjk The fund is following the preliminary election schedule as a roadmap for its meme coin investments, with a particular focus on coins depic