Bitcoin Has Never Done This Before In History (huge week)

Market Trends & Regulatory Landscape - Bitcoin reached a new all-time high and is on track for its highest weekly close [1] - Anticipation for the market structure bill, expected this week, is driving the crypto rally [2][3] - The market structure bill aims to provide basic definitions for crypto, regulate the market, and encourage institutional investment [3] - The bill establishes a clear exemption pathway for digital commodity projects and supports secondary market trading [5] - The US Bitcoin ETFs bought over 23,000 Bitcoin last week, while only 3,150 were mined, indicating ETFs are absorbing available Bitcoin and pushing prices up [6] - The industry believes the market structure bill and stable coin bill could have a bigger impact than Bitcoin ETF approvals [5] Regulatory Uncertainty & Potential Clarity - Currently, there is no federal framework for digital assets, leading to uncertainty and discouraging innovation in the US [4] - The SEC and CFTC lack clear jurisdictional boundaries over digital assets [4] - The market structure bill aims to provide clarity on whether Ethereum and other cryptocurrencies are securities or commodities [8][10] - Lack of regulatory clarity prevents large institutions from investing in cryptocurrencies like Ethereum [8] Bitcoin Valuation & Comparison - Bitcoin's market cap is at 2362 trillion USD, approaching Amazon's at 2388 trillion USD [15] - Bitcoin is considered digital gold, with mathematical scarcity, making it potentially undervalued compared to gold [15][16] - Bitcoin's value proposition is based on its scarcity and role as good money, rather than cash flow [26] - Holding wealth in Bitcoin is seen as a better alternative to holding fiat currencies due to inflation and shrinking cash flows from traditional assets [24][25]