The cryptocurrency market has warmed up a bit in the past few days.
BTC has returned to $98,200 and is fluctuating, while ETH is fluctuating around $3,600.
SOL has also risen to $217, and altcoins generally have a rise of about 10%.
It is worth noting that the possibility of the SOL spot ETF being approved is increasing, so we can pay attention to the time node of January 25.
On the prediction platform Polymarket, the probability of the SOL spot ETF being approved has risen to 86%.
This may indicate that someone knew some news in advance and ran ahead, which is one of the reasons for SOL's strong performance recently.
Recently, our membership group has been continuously bottom-fishing SOL, let's see if there will be any surprises later.
Currently, there are mainly 4 new spot ETFs, ranked by expected approval rates from high to low: SOL, XRP, LTC, and DOGE.
The rules of the U.S. Securities and Exchange Commission (SEC) mainly look at whether the project is decentralized enough and whether there is a possibility of market manipulation.
We can focus on the progress of the SOL spot ETF and Ethereum staking ETF after the new SEC chairman takes office on January 20.
Now the market is looking forward to Trump fulfilling his promises after taking office, so I am relatively optimistic about the market in the first quarter of this year.
If Trump starts fulfilling his promises as soon as he takes office in 2025, the prices of Bitcoin and Ethereum may have another surge.
After Trump takes office, the national-level Bitcoin strategic reserve is also likely to start advancing, and the long-term fundamentals of Bitcoin are very strong.
Now, more and more countries around the world hold Bitcoin, including the United States, China, the United Kingdom, El Salvador, and Switzerland.
According to Polymarket data, the likelihood of new countries purchasing Bitcoin this year is 74%.
The co-founder of Satoshi Action Fund also stated on the X platform that at least 13 states in the U.S. are drafting legislation related to 'Bitcoin strategic reserves.'
January may become a breakthrough month for Bitcoin policy.
Bitwise also stated that in 2024, 96% of advisors had received inquiries from clients about cryptocurrencies.
This indicates that high-net-worth investors are generally willing to include cryptocurrencies as part of their asset allocation, which is also one of the reasons for Bitcoin's strong price performance.
MicroStrategy CEO Michael Saylor met with Trump's son Eric Trump yesterday and stated that he is currently raising $2 billion to buy more Bitcoin.
The CEO of publicly listed company MARA also stated that they will continue to increase the proportion of Bitcoin on their balance sheet this year.
MARA CEO Fred Thiel stated: Bitcoin has only fallen in 3 years out of the past 14 years.
At any time, you can see Bitcoin averaging an annual increase of 29% to 50%.
Therefore, my suggestion is to save a little BTC every month and then forget about it.
BTC mining company MARA Holdings acquired 22,065 BTC at an average price of $87,205 in 2024 and now holds a total of 44,893 BTC.
It is worth noting that MARA has lent out 7,377 BTC to a third party.
It can be seen that this mining company has also learned the microstrategy, not only not selling the Bitcoin mined but also raising additional funds to hoard more.
In addition, they are also lending out their BTC to earn more returns.
This is also why I insist on bottom-fishing Bitcoin.
There are only 21 million Bitcoins, and 3.7 million may have been permanently lost. The Bitcoin left for ordinary investors may only be 6 million.
The supply-demand relationship determines that the price of Bitcoin will continue to rise, and it's just a matter of time before Bitcoin reaches $1 million.
Tonight at 8 PM, we have a member-exclusive live stream on Tencent Meeting, which will contain a lot of valuable content. Friends are welcome to listen in.
