Bitcoin experienced significant increases in December after the halvings in 2012, 2016, and 2020. In December 2012, it rose from $12.57 to $13.45, a return of 7%. In December 2016, the return was 30.8%, and in December 2020, the return was 46.92%. The returns this month are still worth looking forward to.
Data: The US Bitcoin ETF purchased 71,570 Bitcoins in November
According to HODL15Capital statistics, the US Bitcoin ETF purchased 71,570 Bitcoins in November; in terms of dollar value, November was a record month for inflows into the US Bitcoin ETF.
Hong Kong plans to provide tax relief on cryptocurrencies for hedge funds and ultra-wealthy family offices
According to the Financial Times, Hong Kong plans to exempt private equity funds, hedge funds, and ultra-wealthy investment vehicles from taxes on cryptocurrency, private credit investments, and other asset gains.
This week, the Hong Kong government stated in a 20-page proposal that has not yet been published, that taxes are 'one of the main considerations' for asset management companies when deciding on the location of their business, and the Hong Kong government hopes to create a 'favorable environment' for them.
According to the proposal, the Hong Kong government aims to expand the scope of tax-exempt investments to include private credit, overseas real estate, and carbon emission allowances. The government is conducting a six-week consultation on the plan.
Trump's New Government Cabinet Nominees Are Complete, Over 5 Are 'Crypto Investors'
President-elect Trump has announced the nomination of Brooke Rollins for Secretary of Agriculture. With this, all cabinet nominees for Trump's new government have been confirmed, in addition to which Trump has nominated several high-level officials in the past few weeks.
From the list of the new government, in addition to well-known names in the crypto market such as Musk and Howard Lutnick, several cabinet officials are staunch supporters of cryptocurrency and have publicly disclosed their cryptocurrency holdings, including the nominated Vice President, Secretary of the Treasury, Secretary of Commerce, Secretary of Health and Human Services, and Director of National Intelligence.
Gray always hits you at critical moments, what a big fool!!
In this round of the bull market, only MicroStrategy and BlackRock are diamond hands, and they will definitely be the biggest winners.
Hua Ge believes that this round of the bull market may not have the kind of crash seen in previous bull markets, and corrections can be gradually entered, bit by bit! #btc
Let's take stock of the 10 major positive expectations in the cryptocurrency space before Trump takes office in January next year:
1. Appointing pro-cryptocurrency chairs of the SEC, CFTC, and OCC; 2. Establishing a cryptocurrency committee under the White House Economic Council; 3. Microsoft's shareholder meeting on December 10 discussing investments in Bitcoin, results of shareholder voting; 4. Public hearing on the Bitcoin Strategic Reserve Act submitted to the US Congress; 5. X launches payment system; 6. The first press conference of the DOGE department led by Musk; 7. More cryptocurrency ETFs like DOGE ETF submitted to the SEC; 8. Major traditional US banks accepting Bitcoin as collateral for lending dollars; 9. "Santa Claus Rally" 10. Bitcoin breaks through the $100,000 mark
In the next decade, Bitcoin will become the core scarce resource sought after globally—
As the value of Bitcoin continues to rise, more and more countries are beginning to pay attention to and value this cryptocurrency asset, with Bhutan and El Salvador being typical examples.
Binance founder CZ predicts that many countries will use Bitcoin as a reserve, along with other cryptocurrencies;
Bitcoin Magazine CEO David Bailey recently disclosed on social media that at least one sovereign nation is actively acquiring Bitcoin and has entered the top five holders;
Satoshi Action Fund founder Dennis Porter recently stated that he has received calls from five different countries regarding Bitcoin strategic reserves, hoping he can draft regulations to establish strategic Bitcoin reserves. $BTC
"Bitcoin has become a mainstream investment in the United States" ranks 7th on Baidu's trending financial list
"Bitcoin has become a mainstream investment in the United States" ranks 7th on Baidu's trending financial list. According to related articles, Bitcoin has returned to near its historical high, and this series of developments highlights the increasing acceptance of the digital asset industry in the United States under the leadership of cryptocurrency supporter Trump. $BTC