• VanEck predicts Bitcoin could reach $2.9 million by 2050, assuming certain challenges are overcome.
• Bitcoin is expected to become a core part of the international monetary system due to increasing geopolitical tensions and rising debt servicing costs.
• Bitcoin will serve as a hedge against economic imbalances and capital misallocation since the global financial crisis.
• In the base case scenario, Bitcoin will account for 10% of global trade settlements and 5% of GDP.
• Potential risks include energy demands from miners, diminishing mining rewards, and government regulations..See Full.

Former President Donald Trump will headline the Bitcoin 2024 conference in Nashville, marking a shift from his previous stance on cryptocurrencies.
• The event will feature prominent Republican figures and some Democratic representatives, highlighting the growing political interest in crypto.
• The crypto industry is recovering from the collapse of FTX and other firms in 2022.
• Republican efforts to attract crypto voters include calls for lighter regulation.
• Organizations like Stand With Crypto and crypto PACs have raised significant funds to support pro-crypto candidates.See Full.

• Bitcoin spot ETFs saw $77.97 million in outflows on July 23 after 12 consecutive days of positive inflows.
• Grayscale's GBTC fund experienced $27.31 million in outflows, while Ark & 21Shares and Bitwise also saw significant withdrawals.
• BlackRock's iShares Bitcoin Trust (IBIT) received $71.94 million in inflows, capturing 67% of total Bitcoin spot ETF trading volume.
• Digital asset investment products saw $1.35 billion in inflows last week, with Bitcoin attracting $1.27 billion.
• Ethereum spot ETFs had over $1 billion in trading volume on their first day, led by Grayscale's Ethereum Trust..See Full.