Happy Friday, Blockfolians

The Lede

Pretty good week on the Team Crypto front. Ray Dalio and Carl Icahn both joined the fray. What’s more, permabull Cathie Wood had some really interesting nuggets on Bitcoin while speaking at CoinDesk’s Consensus.

She said:

• That ESG pressure caused the recent Bitcoin down turn

• That Bitcoin would thrive even in a deflationary environment

• That central banks would start buying Bitcoin

Those comments were later aired on cable financial news, showing just what type of influence Cathie has.

The price action may be a little grim, but you can go into the long holiday weekend knowing that the foundations of crypto are stronger than ever.

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Highly Relevant Reading

• The US Treasury is looking to expand crypto reporting

• JP Dimon still no fan of bitcoin

• Soulja Boy’s shill gaff

• Tom Brady is a crypto investor

Community Commentary

Crypto exchanges are doing insane volume.

Frank Chaparro @fintechfrank

Absolutely nuts. Crypto exchanges saw more than $2 trillion in volumes this month.

These volumes aren’t just giving equity exchanges a run for their money, they’re blowing them out of the park.

May 28th 2021

353 Retweets1,860 Likes

Another great one from Arthur Hayes

Arthur Hayes @CryptoHayes

Faster than light travel achieved! An @elonmusk powered rocket ship could reach Alpha Centauri by 2030 powered by the growth of global central banks’ balance sheets. bit.ly/2RS3CsL

May 27th 2021

363 Retweets2,228 Likes

A Really Big Number We Should Be Paying Attention To

$440,000,000

That’s the size of the investment round Circle just raised

Final Thought

Long weekend?