✊ Make Bitcoin Great Again

Happy Monday dear subscribers! Today we’ll be talking about Trump’s Effect on Bitcoin!

In today's bulletin, we are covering:

• Surfing the Market, with analysis about the Big Caps Index and the AI Index

• Don't miss the News about The Trump Effect and Crypto in the Congress

• OLAS is under the spotlight.

• A short article about Reading Books About Markets

What a wild weekend we have had and it seems like this inauguration day will be at least as crazy as the weekend!

Meanwhile, Im focusing on the Big Caps Index which continues to show a really nice and solid structure.

After the main bounce, it continues to consolidate the main support, while approaching to the downtrend resistance. We are getting closer to the key decision point, but overall the macrostructure remains really bullish to me.

The AI Index also continues consolidating, building a double bottom over the key support while squeezing into the main downtrend resistance. With Memecoins absorbing all the liquidity seems like AI is lagging a bit, but the setup looks ready to send:

Bitcoin Hits $109K as Trump’s Inauguration Fuels Crypto Optimism

Bitcoin surged 6% to a new all-time high of $109,036 just hours before Donald Trump’s inauguration as the 47th U.S. president. Optimism around Trump's crypto-friendly policies and speculation about a strategic Bitcoin reserve drove the rally.

• Bitcoin hit a record high of $109,036 before dropping slightly to $108,342.

• The surge is tied to Trump’s inauguration and bullish sentiment on his pro-crypto agenda.

• Speculation about a U.S. Bitcoin reserve in Trump’s first 100 days contributed to market momentum.

• Trump’s Official Trump (TRUMP) memecoin also launched recently, reportedly multiplying his net worth significantly.

Bitcoin has remained a focus of excitement in the crypto markets during Trump's rise to power.

Crypto in Congress: Bipartisan Potential or Partisan Gridlock?

Ahead of Donald Trump’s inauguration, a pro-crypto Republican majority has taken key positions in Congress.

While crypto regulation shows bipartisan potential, partisan gridlock and competing legislative priorities, like tax cuts and energy deregulation, may delay meaningful progress.

• Pro-crypto Republicans dominate the House Subcommittee on Digital Assets, advocating deregulation and Bitcoin-friendly policies.

• Stablecoin regulation shows bipartisan support, with proposed bills like the Clarity for Payment Stablecoins Act and Lummis-Gillibrand Act gaining traction.

• Challenges include partisan divisions, slow legislative processes, and competing priorities like economic reforms and tax cuts.

• Industry efforts to pass ambitious measures, like a Bitcoin reserve bill, face significant hurdles.

• Crypto is not yet a fully politicized issue but could become one, especially after market crashes or scandals.

Stablecoin legislation appears to be the most likely area for bipartisan agreement in the near term.

OLAS

The Origins:

The OLAS project, also known as Autonolas, is a network that combines blockchain technology and artificial intelligence (AI) to create a unified system of off-chain services.

Its main objective is to create a decentralized, community-driven, and autonomous network that enables the development and deployment of off-chain services.

The Operative:

In order to achieve its objectie, OLAS provide:

1. Decentralized network architecture: Open, permissionless, and global

2. Token-based incentives: Encourages participation and contribution

3. Autonomous agents: Decentralized, autonomous, and incentivized

4. Off-chain computation: Fast and efficient processing

5. Decentralized governance: Community-driven decision-making through token-based voting

These components work together to enable the creation of a robust, flexible, and decentralized infrastructure for off-chain services like this ones:

• AI agents

• Automation services

• Oracle services

• Decentralized data storage and processing

Summary & Competitors

The token of the project is $OLAS, currently has ~$102M market cap wit 37.8 million tokens in circulation. The project managed to raise $547k in their IDO back in 2023.

AI is spreading and crypto is embracing it, that's why multiple projects are covering similar niches, in this case the closest competitors would be BitTensor, Fetch.ai, ChainGPT, Alethea AI, AlphaArc, Measurable Data Token, AIT Protocol or Ta-da.

AI is pushing the boundaries of decentralized autonomy. We are already seeing more sophisticated AI-powered solutions emerge, driving innovation and growth in the crypto ecosystem. Ultimately, the intersection of AI and crypto has the potential to unlock new levels of efficiency, security, and scalability, revolutionizing the way we interact with blockchain technology.

Read Books About Markets

It’s well known that the profession of a trader or investor is primarily self-taught, as there’s no university degree for it like there is for medicine, law, or other fields. This is why what we read will significantly shape us as traders.

Why Read?

It’s no revelation that the habit of reading is one of the best tools, not just for learning but also for relaxation. Opening a book allows us to immerse ourselves in the story or subject, offering a deeper understanding of the knowledge we seek to acquire.

In the realm of markets, there’s an abundance of literature, making it essential to be selective about what we read to optimize both time and learning.

Most beginners start with technical books, often dry and tedious from cover to cover. These are the kinds of books that frequently end up unfinished because they fail to maintain our interest. However, they’re crucial for building a technical foundation, which later enables us to enjoy more engaging materials.

Even if we don’t like it, we must learn about the instruments available in the market, their regulations, the tools used, and other technicalities to ensure we’re not lost when reading or listening to others discuss them.

The real treasure lies in books that incorporate these technicalities into captivating market stories, allowing us to experience the narrative as we read.

Recommendations

For this reason, it’s highly recommended to read books filled with anecdotes, specific market stories, or, in other words, market history.

These books not only help us understand what happened (and history often repeats itself) but also show how market participants reacted at the time and the decisions they made.

As Jesse Livermore famously said, “There is nothing new on Wall Street because speculation is as old as the hills, and whatever happened in the past will happen again.” How right he was.

Here are some of the best books in this category, in my opinion:

• Reminiscences of a Stock Operator

• Manias, Panics, and Crashes

• The Art of Contrary Thinking

While the last one isn’t specifically a market story, it shares numerous anecdotes about how investors made decisions.

You may also wonder about movies. While they can be useful if you know how to extract their lessons, they tend to be less in-depth than books and lean more toward entertainment and drama. However, a top three would be:

• The Big Short

• Margin Call

• Wall Street: Money Never Sleeps

The first two recount the 2008 subprime crisis, while the last is a fictional story about a Wall Street tycoon.

Conclusion

Every investor will eventually tailor their reading to the topics they find most interesting, but the key is to read, and often, to reread those books that have shaped our understanding of the market. With subsequent readings, we often catch nuances that escaped us the first time.

In an activity as solitary and individual as trading (whether highly active or more relaxed), there’s no excuse not to read and absorb the lessons of the past to avoid repeating mistakes and apply the successes.

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