Ramiro Marra, member of the Council of Economic Advisors of the president of Argentina, Javier Milei, reaffirmed his support for bitcoin (BTC) as a tool of financial freedom. 📲 On his social networks, he highlighted that bitcoin (BTC) is not just an investment, but a way to protect money from state manipulation. ⚖️ Marra also pointed out that bitcoin is the currency for those who value independence, especially in a context where political power seeks to constantly intervene in the economy.

🗳️🇺🇸 Map of the elections right now.

ELECTIONS IN THE USA🗳 New electoral college projections. 🗣Donald #Trump 90 votes 🗣Kamala #Harris 27 votes Whoever reaches 270 votes from the college wins the elections.

From the People's Bank of China they highlighted the role of the creator of Bitcoin, Satoshi Nakamoto, and he was compared to the Nobel Prize in Economics, Robert Mundell.

JUST IN: $725 billion Bernstein predicts a Bitcoin price of $200,000 by end of 2025, regardless of the US election result.

JUST IN: BlackRock CEO Larry Fink says "we're not going to see interest rates as low as people are forecasting."

The cost of mining 1 bitcoin is experiencing an escalation, which translates into a challenge for the mining industry. According to a Coinshare report, the cost of mining one bitcoin rose from USD 47,200 to USD 49,500 in the third quarter of the year. "Although this only includes cash costs." They add that commissions would have to increase 70% for the cost of producing 1 bitcoin to match the direct investment in BTC.

🔎 #BTC Exchange Proof of Reserves Update November 6 marks two years since the FTX collapse, which highlighted the need for exchanges to provide Proof of Reserves (PoR) to confirm they hold user funds. Of the major exchanges, Coinbase is the only one without a public PoR. Binance’s reserves have grown by 28k BTC (5%) to 611k BTC, despite regulatory challenges in 2023. Binance also has the lowest reserve drawdowns, never exceeding 16%. Since FTX's fall, only Bitfinex and Binance have increased their BTC reserves among the top exchanges.

ANALYSIS: Bitcoin’s consecutive monthly gains and strong institutional inflows signal a bullish rally phase, with Tradingshot analysts highlighting a potential buying opportunity.