This week, Trump, who became Time magazine's person of the year, made an astonishing statement regarding Bitcoin becoming a national strategic reserve for the United States. After Trump just finished ringing the bell at the New York Stock Exchange, host Cramer asked Trump if cryptocurrency could be like a strategic oil reserve. Trump's answer was: Yes, we will do great things in the crypto field and become a leader in this industry.
Many people previously thought Trump would not fulfill this campaign promise, but now he has come out to support it. So, will Bitcoin skyrocket after Trump takes office? Therefore, Trump's inauguration on January 20th is definitely a major hotspot in the cryptocurrency world. With more than 30 days left, this could be our last opportunity to get on board.
Right after Trump announced this news, sharp-minded Wall Street immediately took action, purchasing another 1 billion USDT from Tether. Currently, this hot money has all been transferred to major exchanges to buy, as smart investors are rushing to position themselves in advance because they know there will be even greater price increases later.
The blockchain project WLFI issued by the Trump family has currently doubled its Ethereum holdings, valued at 50 million USD, bringing its total on-chain assets to 74.5 million. This means Trump is increasing his Ethereum position, and a breakthrough for Ethereum is only a matter of time, directly breaking through the previous high of 4868, and then when the Prague upgrade happens in March next year, it will directly surge to 8000!
Recently, the inflow of the Ethereum spot ETF has reached new heights, and Ethereum is the foundation for most altcoins. The explosion in Ethereum's price can lead to an explosion in altcoins. Recently, Ethereum has changed its previous downtrend, with inflows continuously increasing, and large investors and institutions are also following suit.
With the arrival of the bull market, Ethereum's ecosystem is once again flourishing. Recently, a batch of major projects has emerged, especially the previous DeFi boom which boosted Ethereum. Now, the explosion of RWA is also driving Ethereum, and on-chain finance remains the largest narrative for the future. Combined with the concept of artificial intelligence, it brings a second spring for Ethereum.
Ethereum's performance in a bull market will be very exaggerated. From the last cycle to now, 35 million ETH has been staked and locked, meaning that 30% of its coins are illiquid and cannot be sold, making Ethereum even scarcer in the market. And this is just the staking on the mainnet; a significant portion of ETH is locked in various DeFi projects, such as earning coins in Uni and AAVE, so there is really very little Ethereum in the market. The bull market has just begun, and you might not feel it yet. In a few months, when you look at the price of ETH, it will be truly astonishing. Looking back at Ethereum's historical trends, it generally starts to gain momentum in January and continues to rise until May, with an average monthly increase of 20-30%. So while it's still over 3000, you can confidently make your move. Perhaps we will witness Ethereum reach 10,000 USD, and then we will all achieve financial freedom!
$BTC $ETH $BNB #币安LaunchpoolVANA #VELODROME将上线币安 #BTC重回关键位置后走势 #SUI再创新高 #AVA突破3美元
