plan to call it after myself. That was spectacular. Probably going to call it the presidential ballroom or something like that. We haven't really thought about a name yet. >> So, President Trump is saying that his new White House ballroom will not be named after himself. That was on Friday as he directly addressed reports that he would indeed dub the new space the Donald J. Trump Ballroom. Backlash over the project has really grown after the entire East Wing was demolished to make way for the new structure. ...

Market Trends & Volatility - Bitcoin's volatility is decreasing due to institutional involvement, suggesting a maturing market [2][4] - Historically, Bitcoin bull markets experienced 30% drawdowns, but recent drawdowns have been around 10-15%, indicating muted volatility [1][2] - The expectation of Bitcoin reaching $400,000-$500,000 in this cycle is unlikely, and 85-90% drawdowns in bear markets are also improbable [2][3] - Bitcoin has transitioned from a contrarian trade to a consensus trade, requiring lower volatility to attract institutions [4] Holder Base & Capital Flow - The Bitcoin holder base is shifting from primarily retail investors to institutions and public companies, impacting selling behavior [5][6] - Capital is fracturing as investors optimize for different aspects like yield, infrastructure, and the underlying asset (Bitcoin) [14][15] - Some individuals with large Bitcoin holdings are converting to ETFs for security reasons, although the community generally emphasizes self-custody [16] Future Outlook & Potential Catalysts - While Bitcoin is expected to reach $1 million at some point, it's unlikely in the current cycle [7] - Bitcoin is considered oversold at $112,000-$113,000, with potential for recovery in September/October [9] - Potential catalysts for Bitcoin's resurgence include increased market activity in September, speculation on a Fed interest rate cut, and buying from Bitcoin treasury companies [10][11] - Some investors are moving from Bitcoin to Ethereum or stablecoin businesses like Circle [12]