"Trump Will Destroy the Dollar", Saxo Bank's 'Outrageous' Predictions for 2025 Are Here!
The Saxo Bank team predicts that BRICS countries may turn to gold-backed currencies, Nvidia's market value will become twice that of Apple, and OPEC will head towards disintegration... Almost all Wall Street firms seem to have released their outlooks for the stock market next year. But Saxo Bank, headquartered in Denmark, is different. Their analysts make some outrageous predictions every year. These predictions are reasonable but unlikely to happen, often sparking discussions and challenging the consensus. First, a quick review of Saxo Bank analysts' predictions for 2024 reveals that their forecasts are very interesting but lack accuracy. At that time they predicted that Robert F. Kennedy Jr. would be elected president of the United States, oil prices would reach $150 per barrel, and GLP-1 drugs would derail the fitness industry, all of which turned out to be wrong. Therefore, investors should also hold appropriate reservations about their new forecasts.
Now I know why Bitcoin is so complicated. People in the first group can’t play it, and people in the second group may not be able to play it either! I read a report that the young man who got rich by using Bitcoin turned out to be so extraordinary! Comrade Sun Yuchen's latest official resume: Male, Han nationality, born in July 1990, from Qingdao, Shandong, started working in February 2012, (he is still considered a normal person up to this point) World Free Financial Advisor and the largest investment committee member of US President Trump's encryption project, (could it be that he is the one who got to power?) Packaging Bitcoin Protocol Advisor, (How was it sealed?) Cattleya Banana Holder, (The one that costs 45 million for a rotten banana, right?) Founder of TRON Blockchain Protocol, (Who has used it?) Huobi Global Advisory Committee, (What organization?) Picasso Giacometti Holder, (Who knows?) Prime Minister of the Free Republic of Liberland, (I'll say it again, what country, where is it? Is the population over a thousand?) Former Permanent Representative and Ambassador Extraordinary and Plenipotentiary of Grenada to the World Trade Organization, (Which state?) Former Ambassador of Grenada to the United Nations Ambassador of the United States, Winner of the 20th Buffett lunch auction, Winner of the first Bezos Blue Origin spaceship, (won purely by money and face!) Bittorrent protocol supporter, Sunrise meme platform supporter, (has anyone heard of it?) Fair decentralized financial platform supporter, (really no center?) Monkey non-fungible token platform supporter, (when will Monkeycoin beat Dogecoin first?) Flash Link pre-machine supporter, Decentralized dollar supporter, First batch of graduates of Jack Ma Lakeside University, (will Ma cry out for injustice?) Davos Forum Global Outstanding Youth, (will the Ministry of Education recognize it?) Three Forbes entrepreneurs under 30, (besides speculating in cryptocurrencies, what else have you done?) Top of the fifth China 90s writers ranking, (are there so few talents born in the 90s?) First prize of the 9th New Concept Composition Competition. (What do you think is feasible?) Bachelor of Arts in Modern Chinese History, Department of History, Peking University, (this major is beyond the threshold of Peking University, right?) Master of Arts, University of Pennsylvania, USA. (How much?) #ETH持续飙升 #微软比特币投资投票案
Rumor has it that Sun Yuchen's icon and Zhao Changpeng's icon have been recruited by Trump. The two of them will serve in the US financial system or act as advisors. Today, CZ's BNB skyrocketed, and all the coins under Sun's management surged, with TRX hitting an all-time high, and his managed small coins WIN and BTTC also increased significantly. In the past few days, the cryptocurrency market has been continuously favorable. Trump will officially take office next year; it's uncertain whether this will lead to realized benefits or further increases. The state of emergency in South Korea's ICON only caused Bitcoin to briefly drop below 93,600, which is not concerning. #bnb创历史新高
Trump is serious about selling his gold reserves and bitcoins?
In fact, Trump gave an impassioned speech at the Bitcoin Conference in July this year, saying, "If I return to the White House, I will make the United States the global capital of cryptocurrency." Trump promised to establish a special monetary advisory committee for Bitcoin, order the Treasury Department and other federal agencies to stop developing the central bank's official digital dollar, and immediately fire the current chairman of the U.S. Securities and Exchange Commission, Gensler, because he is very unfriendly to Bitcoin. Gensler is also very tactful and has announced that he will resign as chairman of the SEC on January 20.
Still unable to break through the $100,000 mark! Some Bitcoin bulls are starting to 'doubt'
Chris Newhouse, head of research at Cumberland Labs, stated, "While we see strong institutional buying, particularly with entities like MicroStrategy continuing to accumulate Bitcoin, the broader cryptocurrency ecosystem is experiencing a diversification of capital flows from institutional and non-institutional participants."
As Bitcoin prices stabilize, interest in other digital assets is rising, such as the second-largest cryptocurrency Ethereum and XRP, which lagged behind Bitcoin after the election of President Trump. The former president has become a supporter of cryptocurrency, raising expectations for a more friendly regulatory approach from the U.S. toward this often controversial asset class.
Soaring to 100 billion, Ripple (XRP) Rises to Become the Third Largest Cryptocurrency in the World
Benefiting from a surge of 100 billion dollars, Ripple (XRP), linked to Ripple Labs Inc., has dramatically surpassed its competitors to become the third largest cryptocurrency.
On Monday, Ripple surged by 15% to 2.50 dollars. According to CoinGecko data, its market value has risen from less than 30 billion dollars on the day Donald Trump won the U.S. presidential election on November 5 to over 137 billion dollars.
Trump's election ignited a wave of speculative enthusiasm across the entire cryptocurrency market, as the incoming president is expected to deliver on promises to foster an environment favorable to American digital asset companies. Even so, the surge of Ripple is astonishing: CoinGecko data shows that in recent weeks its market value has surpassed competitors Solana and the stablecoin USDT.
The U.S. Securities and Exchange Commission (SEC) sued Ripple Labs in 2020, claiming that the San Francisco-based company violated the law by selling and raising funds without registering Ripple as a security.
Under the leadership of Chairman Gary Gensler, the SEC later sued many digital asset companies, including Coinbase Global Inc. and Binance. During the campaign, Trump vowed to fire Gensler. Now, Gensler plans to resign on the day Trump is sworn in next January. Trump promised to deploy a friendly regulatory framework and support the establishment of a U.S. strategic Bitcoin reserve.
CoinGecko's data shows that since Trump's election victory, the cryptocurrency market's total market value has increased by approximately 1.2 trillion dollars.
At 15:22 Singapore time on Monday, the market leader Bitcoin was priced at 96,244 dollars. The second-largest cryptocurrency Ethereum was priced at 3,665 dollars. #ETH持续飙升 #NFT市场回暖
Is good news for the 'crypto community' approaching? Coinbase executive: After Trump takes office, the cryptocurrency bill will be swiftly approved.
According to Coinbase's senior policy director, the U.S. Congress is expected to swiftly pass regulatory legislation regarding the cryptocurrency industry after Trump officially takes office in January next year.
The U.S. Congress will swiftly pass cryptocurrency legislation.
Recently, Coinbase's Chief Policy Officer Faryar Shirzad stated that after Trump officially takes over the White House, the U.S. Congress will 'fairly quickly' pass cryptocurrency legislation.
He stated that Trump has previously made it clear that he supports cryptocurrency, and simultaneously, the Republican Party has gained control of both the House and the Senate, which should make the process of Congress approving cryptocurrency legislation smoother.
The 'Trump Carnival' in the Crypto Circle Continues! Monthly Fund Inflows for U.S. Bitcoin ETFs Set Records
Thanks to President Trump’s commitment to implement a series of favorable policies for the crypto industry, U.S. exchange-traded funds (ETFs) directly investing in Bitcoin and Ethereum are enjoying unprecedented demand.
According to data compiled by the media, in the just-passed month of November, the monthly net inflow of funds for Bitcoin and Ethereum ETFs both set records, reaching $6.5 billion and $1.1 billion, respectively. Last Friday, the subscription volume for the Ethereum ETF also reached a historical high for a single day.
Ethereum is the second-largest token after Bitcoin, and interest in Ethereum indicates that speculation in cryptocurrencies is steadily expanding following Trump's victory in the U.S. election on November 5. By certain indicators, the current investment boom in digital assets has not yet reached the frenzy levels seen during the COVID-19 pandemic, at least among retail investors.