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We are more than half during the year, so let’s recur a little bit, what will we do?
I mentioned the K33 H1 report in one Intro the second dayBut there are many interesting data to digest.
As the fact that bitcoin treasury companies acquired 244,991 bitcoins by the end of June, which marked official infection from H1 to H2.
Not to mention that the number of treasury companies, perhaps indefinitely, almost doubled by the end of the first half. At the beginning of the year, his balance sheet had 70 firms with bitcoins, but it quickly increased to 134.
According to the K33, companies from the US, Canada, Japan and UK top the list, when it comes to pivying companies for a bitcoin treasury strategy, but the total amount is made up of companies from 27 countries, according to K33. This gives you a thick idea of how global it is, although the US tops the chart with 41 public companies.
But it is not about bitcoin treasury firms or even bitcoins. A Very This year has happened, as both CEO Carlos Domingo and Bitwaiz CEO Hunter Horsley were eager to indicate us this week.
In the first half of the year, the circulating supply of USDT and USDC increased by $ 38 billion, as people used to fall into Stabecoin Katha.
Unfortunately, if you take stabechoids out of the mix, only nine out of the top 50 crypto saw positive returns in H1, showing that the altcoins are still struggling to find their feet in the market dominated by bitcoin and stabelin.
Of that nine, K33 stated that three specifically perform better than bitcoin: XMR, promotion and sky.
So it seems that the speed is still not for the season of an altcoin. However, looking further, there may be some hope on the horizon if some of these Altcoin ETFs are approved, which may be by the end of this year, as we had earlier mentioned.
The K33 mentioned that H2 gets seasonal half for bitcoins, and we have other tailwinds such as crypto IPOs to walk on the map of the circle and we can get some more information on the proposed US Strategic bitcoin reserve.
To not mention the role that regulation could not be mentioned, especially MPs on the hill discussed the crypto bills this week.
So there is still a lot of gas left in the tank – let’s see where it takes us.
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