The Bitcoin camel
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Your 2-minute guide to demystifying money and making you richer
The markets, year-to-date
S&P 500: 6,101.24 ⬆️ 3.73%
FTSE 100: 8,502.35 ⬆️ 2.93%
Bitcoin: $105,163.90 ⬆️ 12.52%
GBP to USD: $1.2485 ⬇️ 0.27%
GBP to EUR: €1.1881 ⬇️ 1.75%
(As of Friday market close.)
The Bitcoin camel’s nose is now firmly inside the tent
Back in March 2024, we told you that professional investment managers recommend that no more than 3% of your savings should be in Bitcoin.
Since then, things have changed.
The price of Bitcoin was $67,000 when we wrote those words. It’s over $105,000 now. And we have a new U.S. president who has launched at least three crypto tokens of his own — $TRUMP, $MELANIA, and $WLFI. Collectively, the president’s future net worth on paper in crypto is already somewhere in the billions depending on whose estimate you go with. His administration has promised to be much more friendly to crypto.
Trump is guaranteed to be pro-crypto because his current crypto h…