Mt Pelerin animated logo 📈 ETFS PUSH BITCOIN ABOVE $65,000 The capital inflows into the different Bitcoin spot ETFs have helped to push the Bitcoin price above the $65,000 mark in the last few days, as shown by data from Farside Investor: 10Sep 2024 11 sep202e 125002024 135002024 165002024 175002024 185002024 195002024 20ep 2024 235ep 202 245ep 202 25 Sep 2024 25 Sep 2024 275ep 2024 Total 00 158 00 00 00 00 s a9 1844 N o8 21423 632 126 15 102.1 51 566 00 499 261 249 18 332 740 1236 9986 00 00 22 a1 00 454 @39 04 154 00 174 21 504 129 2145 27 (540) 183 93 00 22 34 811 20 00 00 (474 1138 2031 2727 00 00 00 102 00 00 31 00 00 00 65 33 n 34 52 50 87 00 74 00 00 00 00 57 00 420 7 00 00 00 00 52 00 00 00 45 23 49 51 49 205 00 00 71 00 00 00 21 12 650 00 00 32 00 00 00 00 00 00 00 00 214 e “6) ®5) 67 @08) 00 ®1 00 00 “03) 00 00 an 262 (20,090) 28 00 27 95 134 84 29 00 29 00 a2 2632 128 1858 (527) 1883 20 45 1360 1059 3657 4944 18,805 While a whopping $365 million in aggregate capital inflows were recorded on September 26, the next day surpassed it with $494 million inflows. The ARK 21Shares Bitcoin ETF recorded the largest inflows with 3,080 bitcoins: ETF BIC Flows (Sep 27) 8000 BTC 6000 BTC 4000 BTC 2000 BTC . 1878 BTC oprc o S o < o O S8 < > A & C Q G g ¢ & ¢ & & & Since their approval and launch in January of this year, Bitcoin ETFs have seen a steady increase of capital inflows, with brief periods of stagnation: Net Bitcoin ETF Flows Daily & Total To Date Daily ETF Flows Total ETF BTC Flows Since Inception 30K 3021K\d“'/ 00K WZNK e 255.5K N - 249.4K PNl D50k Doy #1251K 200K ,ZOIK 202.3K 207.9K 10K 165.4K #~127.5K oK 72.4K 100K 2.7k -10K ¢ oK PR POV O OLOL P AT DDOALD OGP D PO > DA S0P FE LR F O PR ISP PP E IO I L P P E L QI8 R 7R R R 1 2P Q81 QST AT AT S In total, capital inflows have amounted to $18.8 billion. It is precisely these inflows that have led the Bitcoin price to rise by around 13% in the last two weeks. According to Bloomberg analyst Eric Balchunas, the Bitcoin spot ETFs have already reached 92% of the way to managing 1 million bitcoins. Read more > 💎 BITCOIN SHOULD BE CONSIDERED A COMMODITY The CEO of major financial services provider Cantor Fitzgerald, Howard Lutnick, spoke out on Fox TV in favor of classifying Bitcoin as a commodity like gold and oil: @howardlutnick - Follow fi Howard Lutnick & 3¢ Yesterday, | told @MariaBartiromo that #Bitcoin is a commodity. When you truly understand Bitcoin, it's hard to see it any other way. 5:05 PM - Sep 27, 2024 @ K @ Reply (9 Copylink Read 62 replies According to him, commodities and equities will merge in the long term - over a period of 20 years. However, he believes that authorities do not understand the importance of Bitcoin and the crypto industry as a whole. Meanwhile, his company Cantor Fitzgerald is continuing to expand its crypto portfolio, with a lending service for Bitcoin intended to offer more leverage for investors. Read more > 🥇 BITCOIN OUTPERFORMS THE COMPETITION VanEck's Head of Digital Assets Research, Matthew Sigel, published a blog article that compares the performance of Bitcoin with other asset classes: Q invesTuents eoucaTion < INSIGHTS ¢ DIGITAL ASSETS VanEck Mid-September 2024 Bitcoin ChainCheck: 1-Year Review Edition September 19, 2024 READ TIME 10+ MIN Matthew Sigel Head of Digital Assets Research Nathan Frankovitz Investment Analyst, Digital Assets The analysis shows that Bitcoin has significantly outperformed all other asset classes over the last 12 months. Compared to September 2023, Bitcoin is indeed up around 125% with a current market capitalization of $1.25 trillion. VanEck assumes a long-term upward trend for the leading cryptocurrency. According to VanEck, the rise in value this year is primarily due to the increasing adoption of Bitcoin as a store of value and as a mean of transaction. This has been reinforced by the approval and introduction of spot ETFs, as more and more asset managers are including Bitcoin in their offering. He also explains that the long-term growth of Bitcoin is also strongly driven by the increasing need for decentralization, censorship resistance, rising institutional adoption and increased government mining. Read more > 🏠 THE POTENTIAL OF RWA TOKENIZATION Colin Butler, Global Head of Institutional Capital at Polygon Labs, sees the tokenization of real-world assets as a revolutionary use case for cryptocurrencies by institutional clients. The tokenization of RWA could drastically reduce costs and, above all, settlement time. According to Butler, this technology is a massive disruptor for the entire global financial system. By reducing costs for financial companies, new business models are also possible that were previously rather unattractive due to low profit margins. Real-WorldAssets (RWAs) ~ TokenizedRWAs Bonds, commadities, currencies, Tokenized on a and real estate custodied by blockchain and verified liquidity, faster settlement, and financial institutions. by Chainiink Proof of Reserve, access to new markets. 23— Asset tokenization involves creating a tokenized representation of a real-world asset on a blockchain network. According to Butler, any financial company could benefit from the tokenization of assets such as US government bonds in the future, from small financial institutions to international clearing houses. He describes the market for real-world assets as being worth $30 trillion, if all of the world's assets were to be included on the blockchain. Global Market Overview Welcome to RWA.xyz. Explore tokenized real-world assets and the investors, issuers, and service providers participating on public blockchains. §§ Total RWA Onchain Total Asset Holders Total Asset Issuers Total Stablecoin Value Total Stablecoin Holders $12.43B 63.283 115 $172.58B 123.12M A +0.59% from 30d ago A +4.28% from 30d ago ¥ 1.94% from 30d ago & +4.28% from 30d ago Total RWA Value Include Stablecoins Total RWA Value $15.00B non-US Government Debt $68.40M $10.008 - Instiutional Funds __——~ 5266.40M Commodies $1.008 $5.008 T : ! ; : US Treasury Debt i ! ! ! : $2208 ot Ll i i : ; — M9 TAA9 1420 TAR0 MRY TARY AAR2 TAR2 1423 THIR3 A4 THI24 S = Private Credit w= US Treasury Debt = Commodities ~— Institutional Funds ~ non-US Goverment Debt == Corporate Bonds == Stocks wa The number of tokenized government bonds alone would amount to more than $3 billion by the end of 2024. Read more > Bitcoin Illustration 💡 HOW TO STAY SAFE IN CRYPTO The world of crypto is a place of freedom and opportunities, but it is also full of dangers and scams. Learn to recognize and avoid them! Read > 🇨🇳 CHINA SHOULD KEEP AN EYE ON CRYPTO During the “Tsinghua Wudaokou Chief Economists Forum” in Beijing, former Chinese Finance Minister Lou Jiwei called for a closer look at cryptocurrencies. He highlighted potential risks to financial stability, but also referred to the changing attitude of the US towards cryptocurrencies. The risks and innovations in the digital economy need to be examined more closely, he said, especially with regard to the acceptance of cryptocurrencies on the US financial markets. China has a general ban on BTC mining and trading, which came into force in 2021. Nevertheless, China controls more than 55% of the BTC mining network through various mining pools. However, this distribution of computing power is slowly shifting towards the United States. Read more > 👮‍♂️ CZ RELEASED FROM JAIL Former Binance CEO Changpeng Zhao was released on September 27 after serving his four-months prison sentence. CZ had pleaded guilty in November to failing to carry out proper AML controls during his time as Binance CEO. He subsequently resigned as CEO. As part of the proceedings, Zhao was also fined $50 million and Binance had to pay a fine of $4.3 billion. With total assets of $60 billion, CZ is the richest person ever to serve a prison sentence in the USA. Read more > 💰 MICHAEL SAYLOR HAS DONE IT AGAIN Michael Saylor and MicroStrategy have announced a new capital raise of $1 billion to acquire more Bitcoin, and the company recently acquired $458 million worth of Bitcoin. MicroStrategy Completes $1.0° of 0.625% Convertible Senior Press Release - September 20,2024 In a press release, the company confirmed its current total holdings of around 252,000 bitcoins worth $9.9 billion. The company's average purchase price is around $39,000. MicroStrategy was also able to report a profit of 17% on its Bitcoin holdings. A Michael saylor + & X W@ @saylor - Follow MicroStrategy has acquired 7,420 BTC for ~$458.2 million at ~$61,750 per #bitcoin and has achieved BTC Yield of 5.1% QTD and 17.8% YTD. As of 9/19/2024, we hodl| 252,220 $BTC acquired for ~$9.9 billion at ~$39,266 per bitcoin. SMSTR MicroStrategy Acquires 7,420 BTC and achieves BTC Yield of 17.8% YTD; Now Holds 252,220 BTC 4 micro MicroStrategy Acquires 7 September 20, 2024 BTC and achieves BTC Yield of 17.8% YTD; 3:08 PM - Sep 20, 2024 (6] 187K @ Reply (2 Copylink Read 1K replies Saylor himself remains more than bullish. At the “Bitcoin 2024” Expo, he gave his very optimistic forecast of $13 million per Bitcoin and later repeated it in an interview with the TV station CNBC. For Saylor, Bitcoin is and remains the best long-term store of value. Read more > 👩‍⚖️ FTX: 2 YEARS IN PRISON FOR CAROLINE ELLISON The FTX case has been quiet for some time. After CEO Sam Bankman-Fried was sentenced to 25 years in prison, the FTX chapter was closed for most people. B|00m g e Q Markets v Economics Industries Tech Politics Businessweek Opinion More v 2T LR S Caroline Ellison Sentenced to 24 Months in Prison for FTX Fraud m Caroline Ellison to be sentenced over FTX collapse by New York judge m Ellison was a ‘cornerstone’ in prosecution case against Sam Bankman- Fried, her lawyer says ® Prosecutors have asked judge to spare Ellison from prison But SBF was not the only one waiting for a sentence in the 8 billion fraud case. Caroline Ellison, former co-CEO of Alameda Research, has now been sentenced to 2 years in prison after pleading guilty to all charges agains her. gg Autism Capital % @ X @AutismCapital - Follow Ed JUDGE KAPLAN: “I've seen a lot of cooperators in 30 years. I've never seen one quite like Ms. Ellison.” Caroline Ellison of FTX wins the best snitch of all time award! 9:52 PM - Sep 24, 2024 ® 33K @ Reply (2 Copylink Read 212 replies The sentence is very lenient, which is probably due to her comprehensive cooperation, which ensured Bankman-Fried was legally convicted. Ellison also helped the authorities to recover stolen funds. The willingness to cooperate and establish the truth was also emphasized by the court. In the coming months, other high-ranking FTX executives will have to stand trial. Read more > 💡 LATEST CRYPTO FACTS 🔹 While September is considered one of the months in which Bitcoin performs worst on average, this year's will probably go down in history as the second best so far. With a performance of around 11.4%, only September 2012 had a better performance: 🔹 The chart below shows the performance of individual crypto sectors. AI continues to lead, followed by memecoins, data availability, data services and real world assets. All sectors show positive growth over the last month: Referral animation INVITE FRIENDS & EARN Invite your friends to use Mt Pelerin and earn 25% of their fees in reward! Get started > Share Share Share Share Share Share Forward Forward Twitter LinkedIn Facebook Instagram © 2024 Mt Pelerin Group SA, all rights reserved. This Newsletter is for informational purposes only. Any information herein does not constitute any legal, financial, tax or investment advice and is not intended as and is not to be taken as a recommendation, offer or solicitation for buying, trading or selling cryptocurrencies in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer. Mt Pelerin is in no way whatsoever responsible for any kind of damage or loss arising from the use of the information contained in this Newsletter. 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