Bitcoin Hits New Highs, but Ethereum Steals the Spotlight
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| By Beth Canova |
Bitcoin (BTC, “A-”) touched a new all-time high on Thursday, according to data from CoinGecko.
It hit as high as $124,128 before pulling back.
In his latest update, Juan says his model expects this rally to carry us through to late September.
And, he says, We Could Be Looking at a New Altcoin Season.
That’s because, while Bitcoin is showing strength, Ethereum (ETH, “A-”) is outperforming.
According to our DeFi expert Marija Matić, Crypto’s Quality Surge Is Driving Ethereum’s Rebound.
As Mark Gough pointed out last week, institutional investors are driving this market. And they’re targeting projects with actual utility and strength.
And the past week’s top three movers? All are key players in Ethereum’s expanding network of projects.
That said, Bitcoin’s not done with its own run. And Juan expects liquidity to rotate back into the No. 1 crypto by the end of September.
Boosting it along is a Little-Known Bullish-for-Crypto Item in the Big Beautiful Bill.
Specifically, the provision that imposes a new 1% tax on people inside the U.S. who send money abroad.
This includes everyone: citizens, green-card holders, non-immigrant visa holders and even undocumented immigrants.
And it applies to money orders, bank drafts, cashiers’ checks, traveler’s checks, as well as cash sent via Western Union, MoneyGram or similar services.
But this provision does not apply to Bitcoin transfers between software wallets.
As such, Bob Czeschin believes it will ignite the wholesale adoption of crypto — Bitcoin and stablecoins in particular — by the remittance community in the United States.
According to tech expert Jurica Dujmovic, though, Swift Payment Settlements Are Just Where Stablecoins Will Start.
And the biggest adopters won’t be the remittance community. Or any humans, for that matter.
Instead, he foresees the next leg of the stablecoin revolution will be led by AI agents.
It sounds like something out of a sci-fi film: AI using digital dollars to instantly settle payments — including fractional amounts — for automated processes around the world.
But reality is stranger than fiction, sometimes. Because that technology already exists. In his update, Jurica offers two strategies investors can use to target the intersection of stablecoin adoption and AI innovation.
And he gives you one more way you can benefit from an AI opportunity that’s a little closer to home.
Our team has one more off-the-beaten-path strategy for you this week: A Public Market Gateway to World Liberty’s Mega Launch.
World Liberty Financial (WLFI, Not Yet Rated) aims to reinforce the dominance of the U.S. dollar within the DeFi ecosystem through the promotion of dollar-backed stablecoins.
Backed by notable members of the Trump family, it has been gaining interest over the past year. And things have begun to pick up now that its token, WLFI, is expected to be listed on major exchanges in the coming weeks.
But for potential U.S.-based investors, there’s one big roadblock to gaining exposure ahead of the listing: Only accredited investors have been able to buy in.
So, small-cap expert Mark Gough went looking for a work-around. And he’s found the only U.S.-listed proxy for what is shaping up to be one of the year’s most anticipated token listings.
He reveals his findings, and how you can benefit from them, in his latest update.
But that’s all for this week. Be sure to check your inbox tomorrow afternoon for our next Weiss Crypto Daily.
Best,
Beth Canova
Crypto Managing Editor
