This week, Trump, who became Time Magazine's Person of the Year, made an astonishing statement regarding Bitcoin becoming part of the U.S. national strategic reserve.
After Trump just finished the NYSE bell-ringing ceremony, host Cramer asked Trump if cryptocurrencies are like strategic oil reserves. Trump's answer was: Yes, we will do great things in the crypto field and become a leader in this industry.
Previously, many people thought Trump wouldn't fulfill this campaign promise, but now he has come out strongly supporting it. So once Trump is in office, will Bitcoin soar to new heights?
So, the Trump event on January 20 is definitely a major hotspot in the crypto world. There are still more than 30 days left, and this might be our last chance to get in.
And right after Trump announced this news, sharp-witted Wall Street immediately took action, purchasing another 1 billion USDT from Tether. Currently, this hot money has all been transferred to major exchanges for buying, as smart investors are rushing to position themselves early, knowing that greater price increases are still to come.
The blockchain project WLFI issued by the Trump family has currently doubled its Ethereum holdings, worth 50 million USD, bringing its total on-chain assets to 74.5 million. So Trump is also increasing his Ethereum holdings, and a breakthrough for Ethereum is just a matter of time. It will directly break through the previous high of 4868, and then in March next year, during the Prague upgrade, it will surge to 8000!
Recently, the inflow of Ethereum spot ETFs has reached new heights, and Ethereum is the foundation for most altcoins. The surge in Ethereum's price can trigger the explosion of altcoins. Recently, Ethereum has changed its previous downward trend, with inflows continuing to increase, and large investors and institutions are following suit.
And with the arrival of the bull market, Ethereum is once again showing a flourishing ecosystem. Recently, a batch of major projects has emerged, especially with the previous popularity of DeFi driving Ethereum. Now, the enthusiasm for RWA is also boosting Ethereum. On-chain finance remains the biggest narrative for the future, and combined with the concept of artificial intelligence, it has brought a second spring to Ethereum.
Ethereum's performance in the bull market will be extremely exaggerated. From the last cycle to now, 35 million ETH has been staked and locked, which means that 30% of the coins are in non-liquid status and cannot be sold, making ETH even scarcer in the market.
And this is just what is staked on the mainnet; over half of the ETH is locked in various DeFi projects, such as earning tokens in Uni and AAVE. Therefore, the amount of Ethereum in the market is really very small. The bull market has just started, and you might not feel it yet. When you look at the ETH price in a few months, it will truly be astonishing.
Looking back at Ethereum's historical trends, it has mostly started gaining momentum in January, rising until May, with an average monthly increase of around 20-30%. So while it is still above 3000, you can confidently position yourself, and who knows, we might witness Ethereum reaching 10,000 USDT, leading to our financial freedom!
