GM Explorer,

Analysts are confident that Bitcoin could soon become America's new king of corporate treasuries. Curious why? Stick around to find out!

Here’s what we got for you today:

• 🧐 Corporate America eyes Bitcoin!

• 🤯 CEO forced to transfer crypto funds at gunpoint!

• 🧱 Around The Block: Crypto market wipes $600m in a week, 2nd largest outflow in history.

🧐 Corporate America eyes Bitcoin!

American corporations might be gearing up for a major move into Bitcoin, with a staggering $10.3 billion investment expected over the next 18 months!

It looks like the big players might finally be awakening to the potential of cryptocurrency.

And get this—it's not just a small toe-dip into the pool—according to the analysis by River (a Bitcoin-focused startup), they'll probably dive in headfirst!

But why the sudden interest?

For starters, traditional cash and short-term investments aren't cutting it anymore.

Inflation is rising, and companies are realizing they need a fresh new strategy for managing their treasury reserves.

That, my friends, is where Bitcoin comes in—a decentralized, limited-supply asset that’s becoming increasingly attractive as a store of value.

The report reveals that 10% of American companies are considering converting 15% of their cash reserves into Bitcoin, seeing it as a better store of value than traditional assets, which have struggled to keep up with inflation.

Take Apple, for example. Over the past decade, it lost about $15 billion from its reserves due to inflation—something that could have been mitigated with Bitcoin.

But don’t just take the analysts’ word for it!

MicroStrategy CEO Michael Saylor is a major Bitcoin evangelist who’s already reaping the rewards.

Since adopting Bitcoin as a treasury reserve, his company’s stock has soared over 1,000%!

Compare that to Berkshire Hathaway’s 104.75% gain over the same period, and it’s clear that what Saylor preaches actually is paying off.

Of course, Bitcoin isn’t without its risks. Still, with its potential to hedge against inflation, limited supply, and lack of counterparty risk, it’s becoming an increasingly attractive option for corporate treasuries.

And should more companies jump on the Bitcoin bandwagon, it’s likely to gain even more recognition as a solid financial instrument, boosting its long-term viability.

But here’s a thought—if more companies join Saylor’s Bitcoin party, could it eventually become more of a headache than a solution?

Before you tackle that question, dive into the full report here or learn more about the potential of Bitcoin as a treasury reserve asset.

🤯 CEO Forced to Transfer Crypto Funds at Gunpoint!

Nick Drakon, CEO of crypto research firm Revelo Intel, has stepped down after a terrifying ordeal.

Drakon revealed in a post on X that he was held at gunpoint by a highly sophisticated group that forced him to transfer personal, company, and investor crypto funds.

According to him, the criminals knew the specific deposit addresses of his business accounts and even went as far as to threaten his wife and eight-month-old son.

Even more disturbing is that Drakon hinted that people within his firm, Revelo Ventures, might have been involved.

However, he’s withholding further details to protect his family and the ongoing investigation.

In a bid to recover losses, Drakon has given up his interest in Revelo, and 30% of the company’s generated profits will now go to impacted investors.

Furthermore, former COO Vu Benson is set to take over as the new CEO.

His case highlights rising risks in the crypto world— just some weeks ago, four suspects kidnapped and murdered a foreign national in Ukraine after stealing $170,000 worth of Bitcoin.

Experts caution that criminals target potential victims through social media activities, meetups, and conferences.

So, to stay safe, it's crucial to avoid flaunting wealth on social media, wearing crypto-branded clothing, and conducting peer-to-peer trades with untrusted parties.

Key takeaway? In crypto, privacy is not just a preference but a necessity for safety.

For further details, click here!

🧱 Around The Block

• Crypto market wipes $600m in a week, 2nd largest outflow in history.

• MicroStrategy's Michael Saylor predicts Bitcoin price will rise to $13 Million.

• Americans were scammed out of $5.6 billion in 2023 as crypto fraud losses spiked 45%.

• Leaked Chainalysis video suggests Monero transactions may be traceable.

• Kamala Harris’ donors privately urge firing of FTC’s Khan, SEC’s Gensler.

• FBI says investors lost record high $5.6B to crypto scams in 2023.

• SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano.

That's all we've got for you today.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.