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I don't think that this is being priced in right now and I think it could lead to a pretty strong rally. Something really interesting is happening with Bitcoin behind the scenes to cause price action like this. Bitcoin up today hitting over $67,000. In fact, the past three days in a row up about 2% every day. Here at Altcoin Daily, we keep you updated on everything crypto on a daily basis. If you're getting value in our content, take two seconds, smash the like button. It's a small thing you can do, but it truly does help us grow. Crypto is up today. In fact, the S&P 500 is up today. Many markets are up today because of one big reason. The US Iran peace deal seems to actually be real. It seems like Trump
and Iran will sign an agreement of peace by Friday. While Trump is at the G7 summit, a framework agreement to end the war with Iran is expected to be signed in Switzerland later this week. On social media, President Trump said the US Suran agreement is now complete and authorized the tollfree opening of the Strait of Hummus. He also said the US is ending its naval blockade of the strait. Signed, the deal's all signed and the straight is already partially opened. As you know, they're doing a little hunting for a couple of mines that they've already found. Uh, but it's essentially ships are starting to go out now. On
Friday, it'll be completely opened. But the question is when is this going to be signed? The latest we have heard is that it could be signed here in Switzerland on Friday, but we don't have many details about who will be involved in that, at least from the US side. There's also questions about the Iran nuclear program. Namely, once this deal is signed, it's going to kick off 60 days of negotiations for Iran's nuclear program. Still many questions remain, but so far the president saying this is all good news and championing it as he makes his way here to Geneva. So, if the US and Iran truly reach a peace deal, that will be the biggest catalyst in the short term. Also coming
this week is the first FOMC meeting for new Fed Chair Kevin Worsh. We are expecting no change for rate cuts at this next meeting. And then another big catalyst, which I'll be honest here, everybody is counting this out at this point. Even Charles Schwab's Adam Lynch explains, people have pretty much wrote the Clarity Act off at this point, but it truly is crypto's biggest catalyst going forward. He even gives a date of August 3rd, the now likely date Trump will sign the Clarity Act into law. Truly probably the last chance before midterms. One of the things that we've talked about frequently is the Clarity Act and the latest there for investors who don't follow crypto policy every day. Um, what
would that legislation actually do for the sector? I think what it would do is give everybody participating in this space a little bit more confidence. Um, one of the things that we're missing are just some of these guard rails. So, knowing the difference between the stable coins versus bank deposits and how those sort of things are going to be handled are very important for the players in the industry. Um, for end clients, I think it might be a little different. Um, but overall what we're seeing is if we can get some continued momentum here, um, I think it'll be great for the industry. I don't think that this is being priced in right now and I think it could lead to a pretty strong rally were we to get
passage here. Um, I think it's at about 50/50 right now. So, it is a little less likely than it has been in the past. However, we've seen a firm uh Galaxy Research this week just came out and said that they estimate it's got almost a 75% chance of becoming law and even pointed to a date uh the week of August 3rd to be focused on for the president's signature. Michael Sailor is still a huge buyer of Bitcoin despite selling 23 Bitcoin a couple weeks ago. He just bought another 1587 Bitcoin. He just deployed 100 million. He even went as far as to say Bitcoin has no real risks at this point.
The only thing people ever bring up is quantum, but just like everything else the people talked about, this won't amount to anything. This is his opinion. He thinks quantum is an imaginary problem to worry about, which is why he keeps buying. Tell me what you think of his reasoning about quantum here. The reason we're talking about quantum computers is because there's nothing else that threatens Bitcoin. Okay? So, everything that people talked about, well, there's political risk. the government will ban it or no one want to buy it or companies will never use it or the accounting is wrong or the tax is
bad or maybe it'll fail or maybe it's misengineered or you know every you know the block sizes are too small the block sizes are too big or it doesn't have enough smart contract functionality right the amount of FUD you know is off the hook and every one of those cons oh it uses too much energy he uses computers the Chinese will take over it. The Chinese make too much of it. The Chinese banned it. They don't make enough of it. Right? There's like 20 types of FUD. They all kind of fail. So after there's nothing to worry about, we invented an imaginary problem to worry about. Imagine a computer that no one's ever built that it's not obvious we can build. Let's imagine that perhaps we
make a scientific breakthrough and we manage to create a quantum computer. And let's imagine that it cracks our current cryptography. and let's imagine that no one reacts or uh addresses it or upgrades. Then let's imagine bad things happening. It's a hypothetical problem that people imagine so that they can generate engagement on X. The only reason it gets traction is a there are no real problems and b we're in a bare market. Tom Lee's Bitine continues to buy more Ethereum, buying another 76,000 ETH, 135 million worth, now holding 9.9 billion worth. And they are staking the vast majority of this Ethereum. Staking is up. Ethereum supply on exchanges is down. Ethereum is getting harder to buy.
Exchange reserves have dropped to their lowest level ever. You understand what this means, right? As soon as a modeicum of demand comes back into the space, there's not that much Bitcoin or Ethereum to go around. Black Rockck understands where the future is going. Just in 14 trillion, Black Rockck launches Bitcoin Premium Income ETF. They're launching this tomorrow as being reported by Bloomberg. What does this ETF do versus their other Bitcoin ETF? Well, this ETF is more of a yield product. It's more of basically a product like Michael Sailor's Strategy has. So, this ETF will target 15 to 25% annual dividend while trying to capture at least 70% of Bitcoin's upside. This
is really bullish, guys. Black Rockck and others wouldn't be doing this if there is no future here. And you can just take a look at onchain metrics to understand where the future is heading. Total RWA market cap tokenization just continues to go up. RWA market caps are passing 43 billion led by Ethereum with 57.8 market share. The metrics going up and to the right like this, this is bullish. In fact, Standard Charter just put out a big digital asset report. We understand that Standard Charter bullish on crypto at large, including Bitcoin, Ethereum, and others. In fact, their digital asset forecast is they think unis swap is going to 40x in 5 years. Uniswap $100
per coin. Ethereum get to 40,000 per coin by 2030. and Bitcoin half a million by 2030. So take a look at where the capital and mind share is going. We are still bullish on DeFi. Standard Charter says Uniswap is quote uniquely positioned to scale to meet this opportunity. But even at the most conservative, Bitcoin is going up by a lot. Ethereum is going up by a lot according to Standard Charter. Make sure you follow us on Twitter. We'll continue the conversation here and in the comments. My name is Aaron. This is Altcoin Daily. Subscribe to our channel. Join our team. And I'll see you tomorrow.
