Bitcoin Is Ready To Fly Alongside The Stock Market

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Strategy’s STRC preferred equity continues to see record inflows, including multiple days of more than $1 billion in trading volume, with almost no divergence from par. This type of liquidity on a relatively new security is impressive regardless of the underlying asset, but the fact that it has happened with a new product (digital credit) should be eye-opening to everyone about where the future is headed. Morgan Stanley, one of the oldest investment banks in the world, recently launched their bitcoin ETF. Even though they waited awhile after their finance peers had launched similar products, Morgan Stanley reported more than $100 million of inflows in the first week. This makes the bitcoin ETF their best ETF launch in the history of the firm. If you don’t think that will get people’s attention internally, I don’t know what to tell you. Finance is a numbers game and everyone is looking for growth. When you do something no one in your firm has done in 100+ years, leadership takes notice and starts asking what else can the firm do in that vertical. As if these two data points weren’t enough, Charles Schwab is reportedly preparing to offer direct trading of bitcoin in their consumer products. This is supposedly in an effort to compete with Robinhood and other modern retail brokerages that have seen a surge in crypto trading volumes. A big reason that Charles Schwab is having to respond to Robinhood is that Robinhood’s growth rate is double the incumbent’s growth rate in every major metric. You can read a complete breakdown of the two businesses in the latest ProCap Insights report here . Lastly, price performance begets more price performance. Bitcoin may be down 40% from the all-time high, but the asset is up nearly 16% since the Iran war kicked off. Bitcoin is up about 26% from the local bottom of $60,000 back in February. That type of strength will bring confidence back in the market, which brings capital flows. The new Wall Street tools of treasury companies, ETFs, and direct trading on incumbent platforms will bring more capital as well. This continued persistent bid in the market should be a great tailwind for bitcoin the rest of this year. Plus, the US stock market is ready to rocket higher thanks to the V-shaped recovery it just experienced (last 5 times this happened, stocks rallied higher) , so bitcoin is likely to be a big winner in this euphoric bull market. The widely reported death of bitcoin has been greatly exaggerated. The asset is as strong as ever. And the largest pools of capital are falling over each other trying to get in the game. Hope you all have a great weekend. I will talk to you on Monday. - Anthony J. Pompliano Founder & CEO, ProCap Financial (Nasdaq: BRR) 🚨 ProCap Insights: Agentic Research for Investors Who Want To Make Money Last week, ProCap Financial launched ProCap Insights , the first agentic research offering in finance. Leveraging the latest AI, ProCap Insights offers institutional-grade research to help independent investors make more informed investment decisions. Reports cover single-name stocks, thematic trends, and macro analysis across sectors and asset classes. Subscribe for 60% off today Former Citadel Trader is Now Betting on Retail Neil McDonald is the CEO of Moomoo US and a former executive at Morgan Stanley, JPMorgan, and Citadel. In this conversation , we break down how retail investing has evolved—from access and information to powerful tools and AI that are leveling the playing field with Wall Street. We also discuss crypto, tokenized stocks, and what the future of investing looks like. Podcast Sponsors Figure – True DeFi Democratized Prime to earn ~9% APY! 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Feel free to unsubscribe if you aren’t finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research. 1 Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply.