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Happy Tuesday, Zingernation! Shiba Inu burn rates are skyrocketing once again and there’s good news on the Shibarium front as well.

Today, we look at how much you would have if you invested $1,000 when Donald Trump said Bitcoin’s value is based on “thin air,” why GBTC is down 10% and more.

Plus, our partner shares the world’s most bizarre trading strategy.

MARKET SNAPSHOT

TOP STORY

If You Invested $1000 in Bitcoin When Trump Said Its Value Is 'Based On Thin Air,' Here's How Much It'd Be Worth When He Said 'Never Sell Your BTC'

Briefly: In July 2019 when he was the president, Trump declared that Bitcoin was "not money" and based on thin air.

So Basically: When Trump made these statements, one Bitcoin was worth $12,139. So, if you parked $1000 in Bitcoin, you would have received 0.082 BTC.

So Then: At a recent Bitcoin conference, Trump made several pro-cryptocurrency commitments, including the establishment of a national Bitcoin stockpile, and a promise to make the U.S. the crypto capital of the world.

So What: Trump's flip has got cryptocurrency bettors gambling heavily in favor of his win later this year, with odds of a Trump win at 60%.

Read how much your Bitcoin would be worth here.

TOGETHER WITH TIM

2:59 PM Friday - Place This Trade

This Millionaire trader’s best performing strategy is the most bizarre thing I’ve ever seen.

Step 1: He looks for a specific catalyst in the news on Friday. 

Step 2: He places one simple trade around 2:59 pm.

Step 3: And if all goes to plan… He cashes in on Monday.

He’s used this simple 3-step strategy to make $8,780… $9,518… and even $16,159 on the weekend. And his new exclusive training will show you exactly how to do it yourself. 

He usually only offers this training to his students for over $2,000 a year. But right now for a very limited time, he’s offering it for just $7!

>>Discover the World’s Most Bizarre Trading Strategy Here.

FIVE ZINGERS

Burn Baby: Shiba Inu burn rates are surging again at 4,500%+ and the Shiba Inu community celebrated its 6-million transaction milestone on Shibarium.

New Doge: Neiro is the new Shiba Inu of Kabosu’s mom - the dog behind the Dogecoin meme - and it is making a big splash on Solana and Ethereum.

Kamala Trade: Everyone has heard about the Trump trade by now but there is also a “Kamala trade” and it’s maybe not what you would expect.

Breakout: Dogecoin is trying to push higher and break its 13 cents resistance but there are a couple of other key levels traders need to watch.

Up Only: The “real” bull market hasn’t even started yet, according to a prominent trader, who says the violent up-only moves are still to come.

FINTECH FOCUS

Why Bitcoin ETF GBTC Is Down A Whopping 11% Today

Briefly: GBTC is down 11% today after Grayscale Investments announced the fund’s spinoff into a new exchange-traded fund (ETF).

What Happened: On July 31, Grayscale will spin off 10% of its GBTC fund into a Grayscale Bitcoin Mini Trust.

What Else: Current GBTC shareholders will receive shares in the Mini Trust in direct proportion to the shares they hold in GBTC. It means they have the same amount of BTC but across two funds.

Why It Matters: Grayscale has not disclosed the management fees for the BTC Mini Trust, but industry analysts widely expect a significant discount compared to GBTC’s current 1.5% annual management fee.

Read the full scoop here.

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