1. BTC breaks $108,000.
Market shows that BTC breaks $108,000, currently reported at $108,038.75, with a 24-hour increase of 2.16%.
2. Galaxy CEO: It is expected that the market value of Bitcoin will exceed gold within 5 to 8 years.
Galaxy Digital CEO Michael Novogratz posted on social media, stating that Bitcoin's market value is expected to exceed gold within 5 to 8 years. Galaxy Research Director Alex Thorn pointed out that Bitcoin's market value has reached 14% of gold's market value of $17.8 trillion, setting a historic high.
3. The Ohio House of Representatives has submitted a bill to establish a strategic Bitcoin reserve.
The Ohio House of Representatives has submitted a bill to establish a strategic Bitcoin reserve for the state.
4. The scale of the U.S. Bitcoin spot ETF has surpassed its gold ETF.
On December 17, K33 Research Director Vetle Lunde posted on platform X, stating: 'In the U.S., the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Although gold had a 20-year head start, it has now been overtaken.'
5. Foreign media: Trump may plan to use the U.S. Treasury's Exchange Stabilization Fund (ESF) to establish a strategic Bitcoin reserve.
According to Dennis Porter, founder of the Satoshi Act Fund, Trump is considering issuing an executive order to establish a Strategic Bitcoin Reserve (SBR) and plans to use the U.S. Treasury's Exchange Stabilization Fund to establish the Strategic Bitcoin Reserve after taking office. Dennis Porter stated, 'The U.S. Treasury has the authority to purchase currencies through the Exchange Stabilization Fund to stabilize the dollar, and Trump will use this fund to buy Bitcoin.' It is reported that this fund is typically used to stabilize financial markets during crises, with total assets exceeding $200 billion as of October this year.
6. Bitwise Chief Investment Officer: The U.S. Bitcoin Strategic Reserve Program may push BTC up to $500,000. Bitwise Chief Investment Officer Matt Hougan recently stated that the U.S. Bitcoin Strategic Reserve Program could push BTC up to $500,000. 'If that happens, or if we start to see this happening in other countries, then you will see BTC rise significantly, making 2024's performance look quite modest in comparison.'
7. QCP Capital: Bitcoin has become a more favored store of value.
Singapore digital asset trading company QCP Capital wrote in a report on Monday that the price ratio of Bitcoin to gold has hit a new high, further solidifying Bitcoin's status as 'digital gold' and gradually positioning it as 'an increasingly favored store of value compared to traditional gold.'
8. Trump attended the Blockchain Association Policy Summit and reiterated: He will fully support the development of the blockchain industry in the U.S. The Blockchain Association posted on X, stating that Trump attended the annual policy summit dinner of the Blockchain Association and delivered an important speech. Trump emphasized that he will fully support the development of the blockchain industry in the U.S., ensuring that related businesses remain in the U.S. and maintain global competitiveness.
9. VanEck Research Director: BTC is expected to reach $180,000 next year, but corporate adoption is still insufficient.
VanEck Digital Asset Research Director Matthew Sigel stated in the CoinStories podcast that by 2025, Bitcoin's price could reach as high as $180,000, noting that key indicators such as funding rates, unrealized profits, and retail speculation are the basis for this prediction. Sigel mentioned that VanEck has been 'bullish on Bitcoin' since 2017. However, he believes there is still a long way to go for corporate adoption of Bitcoin.
