James Altucher:

Baby Boomers Worth $79T Are Finally Getting on Board With Bitcoin

Baby boomers are the fastest-growing demographic in crypto, with their numbers doubling in the space of a year, according to a survey by Australian exchange CoinSpot.

The total percentage of crypto investors over 60 remains relatively low — around 4.4% — but with their large retirement nest eggs and a lifetime’s worth of savings, boomers have an outsized impact on markets.

According to the Pew Research Centre, baby boomers were born between 1946 and 1964. Though pretty much anyone over 50 in crypto stands a good chance of being labelled a boomer. In the US, boomers hold around $79 trillion in assets, according to the Federal Reserve.

Stories of scams have given crypto a bad reputation among baby boomers. Crypto adoption among boomers is far lower than among 50- to 59-year-olds (12.2% of whom are investors) and the 20.7% adoption rate of the general population, according to CoinSpot’s April survey.

But Tim Wilks, chief business development officer for CoinSpot, says there are signs boomers are warming up to crypto. The survey found 38.5% of Australians aged 60+ reported being open to investing in crypto in the future and do not reject it outright, which is virtually identical to the national average (37.8%).

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Davis Wilson:

Trump Media Files for Spot Bitcoin ETF Approval From SEC

Trump Media and Technology Group (TMTG), the company majority-owned by President Trump that runs his Truth Social media platform, filed with the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).

TMTG filed an initial registration statement on Form S-1 for its Truth Social Bitcoin (BTC) ETF on June 5, according to an announcement by the company. The filing reads:

“The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of Bitcoin.“

The filing comes after stock exchange NYSE Arca submitted a proposal to the SEC to list the Truth Social Bitcoin ETF on behalf of crypto asset manager Yorkville America Digital, a partner of TMTG, the owner of Truth Social.

If approved, the Truth Social Bitcoin ETF will see cryptocurrency exchange Crypto.com act as its exclusive custodian, prime execution agent and liquidity provider. The ETF is part of an increasing number of crypto products seeking regulatory approval in the US.

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Enrique Abeyta and Matt Insley:

Top Trades of June

Here we are with another episode of Top Trades! The markets in 2025 keep going up, down, all over the place, and we have no lack of topics to talk about.

In this episode, Enrique and guest host Matt Insley talk about Meta's recent nuclear power deal with Constellation Energy. Enrique is hot on the beat of growing power demand that's coming from artificial intelligence onshoring.

Enrique and Matt also talk about "Birthright Trades". This is an idea that we've got $150 trillion of unlocked resources underground in the U.S. Considering the ongoing trade war and China's rare earths embargos, this topic is particularly important.

The two also cover TACO ("Trump always sells out") trades. Enrique also touches on his newsletter Breaking Profits where half a dozen picks are flashing green.

This is a jam-packed episode you don't want to miss!

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