In this video Benjamin provides an update to Bitcoin: The End of July. Video by Benjamin Cowen.
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Bitcoin (BTC) is trading flat around $64,300 (€55,495), maintaining steady market consolidation despite extreme volatility and a record-breaking 17% single-day surge in traditional global tech markets like South Korea's Kospi index.
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-Economic Data Boost: Slower-than-expected US Q2 GDP growth (1.5% vs 2.0% forecast) fueled investor optimism for upcoming Federal Reserve interest rate cuts, temporarily driving a spike in US investor demand.
-Institutional Pauses: MicroStrategy paused its aggressive Bitcoin accumulation strategy over the last five weeks to hold $3.75 billion in USD cash reserves. The company reported an $8.2 billion loss due to Bitcoin's wider 40% correction from its 2025 peak, opting to adjust future buying ratios based on moving averages.
-Portfolio Allocations: Legendary investor Ray Dalio re-confirmed that Bitcoin safely constitutes 1% of his portfolio, though he maintains a primary defensive preference for gold over crypto.
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