Block Earner Bulletin: Fasten seatbelts for takeoff

BTC continues to climb out of the Turbulent Trump Tariff Tirade. Bullish momentum around the world seems to be fueled by a likely loosening of fiscal policy to avoid a US recession (money printers are already back online) and a global sigh of relief that a lot of the US threats throughout April ended up being empty.

One of the more interesting crypto specific metrics to keep in mind is the Altcoin Season Index, published by Coinmarketcap. This attempts to predict when liquidity spills over from BTC into altcoins to produce those banana-shaped movements upward. Currently, the broad sentiment is that this is imminent, talking a matter of days rather than weeks however I have a slightly different view:

Rolling BTC gains into altcoins was much easier in the past, before ETFs etc. These days, BTC gains largely sit with brokers, ETF providers and on sharemarkets that only trade for 33% of the day. As this trend continues, the amount of liquidity available to go up the risk curve decreases. We do strongly believe in the future of DeFi and some of the projects however the market is much more selective on what token to send to the moon. Project fundamentals and value capture by the token are more critical than ever. If you’re looking for gains outside of BTC it’s time to get out the pen and paper and do some hardcore research, we’re not going to see the “everything wins” period we saw during last cycle.

Stay humble, we’re here for you.

Crypto HNW Roadshow And that’s a wrap. Thank you to everyone who joined us at our National Crypto Roadshow in April. You can check out the event pics here.

Block Earner eyes Bitcoin-backed mortgages after beating ASIC in court Check our our latest write up with Capital Brief to talk all things ASIC, and BTC-backed mortgages

Introducing… Faster logins You can now login with Google or Apple on both desktop and mobile — Facebook coming soon!

Token2049 Dubai Charlie & James enjoyed a couple of days in Dubai to chat with fellow businesses and investors.

Michael Saylor's Strategy (formerly MicroStrategy) purchased an additional 1,895 bitcoin for about $180 million between April 28 and May 4, according to a regulatory filing with the Securities and Exchange Commission on Monday. The company paid an average price of $95,167 per bitcoin.

President Donald Trump has two crypto-focused dinners on the calendar this month — one aimed at deep-pocketed political donors, the other at meme coin millionaires. Both are poised to help him rake in millions. The first event, a $1.5 million-per-plate fundraiser, is among the priciest political fundraisers in recent memory. The second, on May 22, offers access to Trump’s inner circle not for cash — but for holders of the $TRUMP token.

The incumbent Australian Labor Party was returned in a landslide on May 3, picking up 54.9% of the two-party-preferred vote, against the Liberal and National Parties on 45.1%. Both parties went to the election promising crypto law reform, but only the opposition pledged to deliver draft legislation within 100 days.

Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.