Wall Street · Bitcoin · Federal Reserve (FED) · CryptoSlate
Bitcoin’s Freedom Money to set Independence day liquidity benchmark while Wall Street shuts down
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Bitcoin keeps trading when Wall Street stops.
Key facts
- The latest Bitcoin ETF flows showed U.S. spot Bitcoin funds swinging from $222 million in net outflows on June 30 and $296 million in outflows on July 1 to $223.5 million in inflows on July 2
- The phrase “freedom money” appears in Bitcoin writing at least as early as Hector Rosenkrans' July 4, 2020 essay on Bitcoin and the First Amendment, and later gained a broader human-rights framing
- Federal Reserve Financial Services says in its holiday schedule that Federal Reserve Banks and branches are open the preceding Friday when a holiday falls on Saturday, while Independence Day
- Satoshi Nakamoto wrote that passage in a February 2009 P2P Foundation post, and the quoted wording still explains why Bitcoin advocates reach for Independence Day language
Summary
Official exchange calendars list all NYSE markets as closed Friday, July 3, while Nasdaq lists U.S. equity and options markets as closed for the Independence Day observance. The setup makes the “freedom money” moniker fit nicely. Satoshi Nakamoto wrote that passage in a February 2009 P2P Foundation post, and the quoted wording still explains why Bitcoin advocates reach for Independence Day language. The phrase “freedom money” appears in Bitcoin writing at least as early as Hector Rosenkrans' July 4, 2020 essay on Bitcoin and the First Amendment, and later gained a broader human-rights framing through writers such as Alex Gladstein. The holiday benchmark, however, is less philosophical than mechanical.