Latest / Panic Drop Podcast / We 21/10 | Daily Crypto & Macro News

Transcript

We 21/10 | Daily Crypto & Macro News · Panic Drop Podcast

• 0:02
  SPEAKER_00: Happy Wednesday all, and welcome back to the Panic Drop podcast.
• 0:07
  SPEAKER_00: Let's start with the money because it's flooding back into Bitcoin.
• 0:11
  SPEAKER_00: BlackRock's Bitcoin ETF pulled in $664 million on Monday,
• 0:16
  SPEAKER_00: its best day in a full year, and spot Bitcoin ETFs as a group took in over $500.
• 0:24
  SPEAKER_00: Switzerland just approved its first spot Bitcoin ETF for retail investors.
• 0:29
  SPEAKER_00: JP Morgan now expects Bitcoin to beat stocks,
• 0:33
  SPEAKER_00: gold and real estate over the next decade, and Fidelity calls it a compelling
• 0:41
  SPEAKER_00: Michael Saylor,
• 0:42
  SPEAKER_00: never one for understatement,
• 0:44
  SPEAKER_00: says the bull market has already started and that Bitcoin is definitely heading back
• 0:49
  SPEAKER_00: to six figures,
• 0:50
  SPEAKER_00: while Strive's new preferred stock listed on the Nasdaq to raise $630 million
• 0:57
  SPEAKER_00: for more Bitcoin.
• 0:59
  SPEAKER_00: And when Bitcoin pushed above 83,000,
• 1:01
  SPEAKER_00: around $119 million in short positions got wiped out in a single hour.
• 1:09
  SPEAKER_00: Not everyone is celebrating though because France is advancing a 31.4% tax on crypto
• 1:16
  SPEAKER_00: to stablecoin swaps.
• 1:18
  SPEAKER_00: Over in stocks, SpaceX stole the show with revenue up 161%
• 1:24
  SPEAKER_00: to $14.6 billion,
• 1:26
  SPEAKER_00: AI revenue up 830%,
• 1:29
  SPEAKER_00: and Elon talking about $1 trillion in yearly revenue by the end of 2027,
• 1:36
  SPEAKER_00: Netflix hit record revenue but slipped on weak guidance,
• 1:39
  SPEAKER_00: Capital One jumped on strong profits,
• 1:42
  SPEAKER_00: and Intuitive Surgical dropped 11% despite beating.
• 1:46
  SPEAKER_00: Salesforce is buying Braze for $5.7 billion,
• 1:50
  SPEAKER_00: GE Aerospace and RTX raised guidance,
• 1:53
  SPEAKER_00: and AI bond issuance has hit $419 billion this year, so the borrowing spree is real.
• 2:01
  SPEAKER_00: That's your rundown for today.
• 2:02
  SPEAKER_00: If you enjoyed it, make sure to follow me and tune in again tomorrow.
• 2:29
  SPEAKER_01: It's where
• 2:30
  [music]