On March 1, 2025, new signals in the cryptocurrency sector are gradually revealing important trends that investors need to pay attention to. Recently, the sentiment of traders has become more cautious regarding MicroStrategy (MSTR), a company that has heavily invested in bitcoin (BTC). Previously, MSTR was seen as an aggressive way to invest in bitcoin, but now, market movements have shown a clear shift. The company's put-call skew indicator has moved to a neutral level, indicating that investors view call and put options as equivalent.
The stock price of MSTR has dropped more than 44% from its peak, with market value significantly declining over the past few weeks. The appeal of MSTR as an investment channel into bitcoin is diminishing as investors question the ability to buy bitcoin directly at a lower price in the market. Although the company currently holds a large amount of bitcoin, the relative performance decline of the stock compared to BTC has eroded investor confidence in MSTR's future as a bitcoin investment channel.
In addition, the leak of software code from Elon Musk's platform X has sparked rumors that the payment system “X Money” may be launched soon. X is currently seeking to be licensed to operate as a financial service provider across the United States and has been approved in 39 states. A line of code showing the potential for regional service provision has led some to believe that this system may be implemented even without approval from all states.
X Money is expected to allow users to financially support content creators, and there are suggestions that cryptocurrency may play a role here, consistent with Elon Musk's prior support for Bitcoin and Dogecoin. CEO Linda Yaccarino has indicated that X Money will officially launch in 2025, although the authenticity of the leaked software code has yet to be verified. Initially, the payment feature will not be available in the 11 states lacking licenses. Musk's support for Dogecoin and Bitcoin in other projects has also increased speculation about their potential integration into X Money.
Investors and cryptocurrency consumers need to be cautious while monitoring these developments, ensuring they are well-informed before engaging in new investment opportunities in this volatile and exciting cryptocurrency world.
