Happy Thursday!

Bitcoin and gold are the top inflation hedges, according to Coinbase’s head of strategy, and stand to benefit from upcoming macroeconomic developments.

Twenty One is the latest Bitcoin buying company, and it’s about to bring 42,000 BTC under its control — here’s who is behind it.

Plus, check out our 7-day free trial to receive Matt Maley’s bullish and bearish trade alerts for income generation when markets are moving unpredictably.

TOP STORY

Bitcoin, Gold Are Top Inflation Hedges, Says Coinbase’s John D'Agostino

Bitcoin is increasingly being viewed in the same league as gold when it comes to long-term inflation hedging, according to John D’Agostino, Head of Strategy for Coinbase.

Speaking with CNBC as Bitcoin traded near $92,500 levels on Thursday morning, D’Agostino emphasized that Bitcoin has now earned a place next to gold in strategic asset allocations aimed at protecting capital during periods of financial stress.

“In every single one of their analysis, Bitcoin was top five,” he said, referring to top global commodity traders who ran inflation hedge simulations. “Bitcoin and gold go side by side.”

Does that mean the rally for both assets will continue?

Read the full scoop here.

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QUICK N DIRTY

Bitcoin will outperform, according to Arthur Hayes, because global liquidity is rising — and that benefits king crypto.

Bitcoin ETFs are gobbling up Bitcoin again — over $900 million in net inflows on Wednesday.

XRP is getting a futures listing from the CME Group — how did the XRP price react to that?

FINTECH FOCUS

Cantor Fitzgerald-Backed 'Twenty One' Launches Strategy Rival At $3 Billion Valuation

A new Bitcoin-centric public company, Twenty One, is set to launch through a SPAC merger with Cantor Equity Partners, bringing 42,000 Bitcoin under its control and targeting a $3.6 billion enterprise valuation.

The transaction, announced Wednesday, involves backing from Tether, SoftBank Group and Jack Mallers, who will serve as CEO.

The structure will see Twenty One majority-owned by Tether and Bitfinex, with SoftBank holding a significant minority stake.

What does it mean for the price of Bitcoin?

Read the full scoop here.

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