This week, Trump, who became the cover person of Time magazine's annual issue, made an astonishing statement regarding Bitcoin becoming a national strategic reserve for the United States.
After Trump just finished the bell-ringing ceremony at the New York Stock Exchange, host Cramer asked Trump whether cryptocurrencies are like strategic oil reserves. Trump's answer was: Yes, we will do great things in the crypto space and become a leader in this industry.
Previously, many people thought Trump would not fulfill this campaign promise, but now he himself has come out to support it. So after Trump takes office, will Bitcoin soar?
So January 20th is definitely a major hotspot in the crypto circle for Trump. There are still more than 30 days left; this might be our last opportunity to get on board.
Right after Trump announced this news, sharp-eyed Wall Street immediately took action, purchasing 1 billion USDT from Tether. Currently, this hot money has all been transferred to major exchanges for buying, with smart investors scrambling to position themselves in advance because they know there will be even greater increases ahead.
The blockchain project WLFI issued by the Trump family has currently doubled its Ethereum holdings, worth 50 million US dollars, bringing its total on-chain assets to 74.5 million. So Trump is increasing his Ethereum holdings; a breakthrough in Ethereum is just a matter of time, directly breaking the previous high of 4868, and then during the Prague upgrade in March next year, it will surge to 8000!
Recently, the inflow of Ethereum spot ETFs has reached new heights, and Ethereum is the foundation of most altcoins. The explosive price of Ethereum will bring about the explosion of altcoins. Recently, Ethereum has reversed its previous downturn, with inflows continuously increasing, and large investors and institutions are also following suit.
Moreover, with the arrival of the bull market, Ethereum has once again shown an ecological prosperity. Recently, a batch of large projects has emerged, especially the previous boom in DeFi has driven Ethereum. Now, the boom in RWA is also driving Ethereum, and on-chain finance remains the largest narrative of the future, along with the concept of artificial intelligence, all bringing Ethereum a second spring.
Ethereum's performance in the bull market will be very exaggerated. Since the last cycle, 35 million ETH has been staked and locked up, meaning that 30% of the coins are non-liquid and cannot be sold, making ETH even scarcer in the market.
And this is only the ETH staked on the mainnet; a large portion of ETH is still locked in various DeFi projects, such as earning coins in Uni and AAVE. Therefore, there is really very little Ethereum in the market. The bull market has just started, and you may not feel it yet. Wait a few months and see the price of ETH; it will truly be astonishing.
Looking back at Ethereum's historical trend, it basically starts gaining 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 and boldly position yourself, and who knows, we might really witness Ethereum reaching 10,000 US dollars, and then we will all achieve financial freedom!
