🚀 Bitcoin hitting new highs

In partnership with

An entirely new way to present ideas

Gamma’s AI creates beautiful presentations, websites, and more. No design or coding skills required. Try it free today.

Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Bitcoin surged to a new high of $82,526, fueled by post-election enthusiasm for President-elect Donald Trump’s promises to turn the U.S. into a global “crypto capital.” Trump’s pledges to support the industry, including moving all Bitcoin mining to U.S. soil and potentially loosening regulations, have sparked a rally in crypto markets. Citi strategists noted that crypto is one of the few “Trump trades” that hasn’t retraced, with spot crypto ETFs seeing historic inflows since the election. Some analysts now predict Bitcoin will hit $100,000 by year-end as investors anticipate a more favorable regulatory environment.

2. The stock market is rallying on optimism about President-elect Donald Trump’s pro-business stance, which Wharton professor Jeremy Siegel describes as potentially the most market-friendly administration in history. Siegel argues that Trump’s focus on stock market performance signals that he’ll avoid policies that could harm equities. Post-election, the S&P 500 hit 6,000, with the Dow topping 44,000. Stocks like Tesla and major banks soared, boosted by investor bets on Trump’s tax cuts and deregulation agenda. However, Siegel warns that Trump’s aggressive trade policies could spark inflation, challenging the Federal Reserve’s efforts to control rising prices.

3. The estate of defunct crypto exchange FTX has filed a lawsuit against Binance and its CEO Changpeng Zhao, seeking to recover $1.76 billion, alleging a 2021 share deal was “fraudulent.” The suit claims Binance sold its 20% stake back to FTX, which was funded by insolvent Alameda Research. FTX argues the transaction was a "constructive fraudulent transfer." Binance disputes the allegations, labeling them as baseless. The lawsuit also accuses Zhao of tweets that allegedly spurred a surge of FTX customer withdrawals, precipitating its collapse. This legal move intensifies tensions between two giants of the crypto industry amidst ongoing fallout from FTX’s bankruptcy.

4. Headlines

   1. Trump has announced that Tom Homan, the former acting director of US Immigration and Customs Enforcement, will be responsible for overseeing the US Border as part of the incoming administration.

   2. Singapore Airlines shares are down 6% as the company announced its profits fell by nearly 50%.

   _{* This is sponsored content.}

Are you looking to grow your business? Here is how I can help: 

📱Book a Strategy Call to get 1:1 feedback on your pitch, pitch deck and/or fundraising strategy. (If you need general startup advice, then reply to this email, and I’ll let you know if/how I can help.)

Hire an AI BDR and Save on Headcount

Outbound requires hours of manual work.

Hire Ava who automates your entire outbound demand generation process, including:

• Intent-Driven Lead Discovery

• High Quality Emails with Waterfall Personalization

• Follow-Up Management

Let your reps focus on closing deals instead of writing emails.

Hire Ava to slash costs & boost productivity.

Onwards and Upwards,

Liam Gill