💲 Bitcoin cracked 60,000

Bitcoin hit its highest price in over two years | Universal told TikTok to be quiet | [Finimize](   TOGETHER WITH     Hi {NAME}, here's what you need to know for March 1st in 3:15 minutes.   🤩 Bitcoin's big news has a lot to do with the crypto's freshly minted spot exchange-traded funds (ETFs). So join us for [The Rise of Bitcoin ETFs]( next Wednesday, and find out whether the hype is justified. [Grab your free ticket]( Today's big stories - Bitcoin bounced back from one of crypto’s more turbulent periods, breaking above $60,000 for the first time since November 2021 - Here’s what you need to know ahead of the Reddit IPO – [Read Now]( - TikTok turned a little quieter after Universal Music clamped down on the social media platform’s approach to copyright Proof Of Work [Proof Of Work] What’s going on here? Bitcoin hit the $60,000 mark for the first time in over two years, tripling in value since the start of the year to land within touching distance of its $68,991 record. What does this mean? Bitcoin’s bumper price is proof that demand for the crypto has outpaced supply. Investors have funneled some $7 billion into the newly approved bitcoin spot exchange-traded funds, lighting a fire under bitcoin’s price. That’s forced short sellers – who took out bets expecting the price to fall – to close their positions by buying back bitcoin, sending the price up even higher. At the same time, longstanding investors are clinging onto their lots: 80% of bitcoin has stayed in the same hands for the last six months. Supply’s about to get even tighter, too, with bitcoin’s next halving taking place in April. Why should I care? For markets: Less is more. Bitcoin’s halving takes place roughly every four years, and as the name suggests, it marks the halving of the rate at which bitcoin is produced. That’ll continue until there are 21 million in the market – at that point, no more will be made. After April’s halving, 450 bitcoins will be mined a day. That should push up the crypto’s price, as it has on every one of the previous three halvings, so long as demand stays steady. Mind you, some believe that’s already factored into bitcoin’s blinged-up price. For you personally: Prepare for the worst, but don’t rule out the best. Plenty of investors are conscious that the already volatile crypto could one day collapse into dust. Remember, though, that if you buy bitcoin outright, you can only lose the total value of your investment. And if bitcoin even gets close to its full potential, you could make a lot more than 100% of your initial punt – no matter how small it was. Put simply, the scales seem balanced in your favor. You might also like: [Bitcoin: the crypto that started it all](. Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Proof Of Work&utm_campaign=daily-global-01-03-2024&utm_source=email) Analyst Take Upvote Or Downvote: What You Need To Know About The Reddit IPO [Upvote Or Downvote: What You Need To Know About The Reddit IPO]( [Photo of Stéphane Renevier, CFA] Stéphane Renevier, CFA, Analyst Reddit’s gearing up for its big debut on the NYSE under the stock ticker [RDDT](. The cult-favorite platform could start trading in a matter of weeks, making it the first social media IPO since 2017. But first, let’s cut through the noise and see why Reddit's been slow to monetize its [massive, meme-loving community](. That’s today’s Insight: [all the stuff you’ll want to know before the Reddit IPO](. [Read or listen to the Insight here]( SPONSORED BY CROWDCUBE AND FUEL VENTURES Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. [Take 2 minutes to learn more.]( Past performance is no indication of future success. Your venture capital aspirations: now a tenth of the price Venture capitalists have three things: big wallets, high-caliber connections, and trouble sleeping. You, though, can trade all three of those for one replacement: access to [Crowdcube and Fuel Ventures' collaboration](. And even better, you’ve got that on lock. [SEIS funds]( invest in early-stage companies, ones that aren’t usually available to retail investors. Usually, it costs around £20,000 to buy into one – but with Fuel Ventures', you just need a tenth of that. [Fuel Ventures]( has spent ten years investing in ambitious self-starters – and it’s paid off: the EIS Funds helped sell ContentCal to Adobe for $110 million and Capdesk to Carta for $88 million. So now thanks to [Crowdcube and Fuel Ventures](, you can [make like a venture capitalist](, without losing sleep like one. [Find Out More]( Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. [Take 2 minutes to learn more.]( Past performance is no indication of future success. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Silent Treatment [Silent Treatment] What’s going on here? Universal Music Group started pulling songs from TikTok, a bummer for the world’s million-dollar creators, chronically online teenagers, and hopeful social media shareholders. What does this mean? After a year of swapping legal terms, Universal – which owns a third of the world’s music – has stopped TikTok using tracks from the label’s artists. Plenty of TikTok videos have already had their audio stripped, with analysts predicting that 60 to 80% of the platform’s top songs will be impacted in the coming weeks. Now, Universal was willing to compromise for a price: YouTube, after all, hands over 20% of a video’s advertising revenue when there’s a protected track involved. TikTok’s been haggling over a smaller slice, though, and even its recently bumped-up offer was nowhere near YouTube’s agreement. Why should I care? Zooming out: Artificial intelligence, real-life royalties. Universal’s clamping down on budding music makers, saying that any money made from edits and mashups of its artists’ songs should go straight back to the source. That could set the tone for the whole industry: streaming businesses are making less and less cash, so they’re turning to licensing deals to bring in some pocket money. Artificial intelligence is making it easier to mix and master at home, see, and the music industry’s bigwigs believe that could really line their coffers – so long as they can lay claim to the royalties. The bigger picture: Stay silent, stay private. ByteDance, TikTok’s owner, has considered taking the company public since 2021, but regulatory blockers from China and the US have slowed down the process. Bear in mind, too, that TikTok is free to use – a blessing for parents with constantly scrolling kids – so the platform makes its money from advertising alone. Now if TikTok needs to start paying out for music and content instead of splashing out on initiatives to grow the business, those public listing plans may be pushed even further down the road. You might also like: [Four niche investments that are still offering headline-grabbing returns.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Silent Treatment&utm_campaign=daily-global-01-03-2024&utm_source=email) 💬 Quote of the day "The purpose of life is a life of purpose." – Robert Byrne (an American author) [Tweet this]( SPONSORED BY CFA INSTITUTE Take a free sneak peek at finance courses from CFA Institute The [finance industry]( is competitive. Like, you-better-hope-your-uncle-still-works-there competitive. That’s why [CFA Institute]( designed certificate courses that get you noticed on your own merit. [Study online at your own pace](, and you’ll develop a deeper understanding of specific finance sectors. You’ll use [real-world scenarios]( and [case studies]( to train your number-crunching brain, and once you pass the assessment, you’ll bank [a certificate and an online badge]( worthy of showing off. Everyone learns differently, of course, so CFA Institute is teaming up with Finimize to [host six free-to-attend webinars](, where professors will walk you through the curriculum outline. You’ll get a feel for the different courses available, and you’ll have snagged some practical knowledge straight out of the gate from them, too. [Register for the first free webinar here](. [Discover More]( When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( 🎯 On Our Radar 1. A chef specifically for Doberman dogs. Here’s [how the other half live](, straight from the horse’s staff’s mouth. 2. The metaverse could change everything. Prepare yourself for a [new investing landscape.](* 3. AI is wrecking reputations. Just ask [Wikipedia](. 4. Modern investors want to feel confident. Fintechs are stepping [up to the challenge](. 5. Oil companies just keep getting away with it. There’s [more than one reason why](. 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